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Essay / Advantages of ABC Company - 627
Advantages of ABC ABC is claimed to offer several important advantages over traditional costing systems, such as improved product cost accuracy, more complete product information, cost, performance measurement and associated data for further processing. and management decision making,Increases the chances of sensitivity analysis, the value-added model of the organizationTransactions and activities (Bhimani and Pigott 1992; Zhong et al 1997).Clark et al. (1999), who focused on ABC in the study of Irish companies, and found that participants were more satisfied across all dimensions of ABCExpected. 54% of respondents considered more accurate determination of product costs for ABC, while 46% of respondents felt that ABC would lead to improved cost control and management. The study also identifies several other benefits of using ABC, including a better understanding of causal behavior and costs, as well as improved performance metrics and more accurate analysis of customer profitability and revenue. impact of positive behaviors on staff. Innes and Mi...