The IMA recently issued a new Statement on Management Accounting (SMA) entitled, “Implementing Activity-Based Costing”. Activity-based costing (ABC) systems, by focusing on the activities required to produce a product or provide a service based on their direct consumption of activities, permits more accurate costing than obtainable using traditional costing systems. This SMA provides those considering implementing an ABC system with information regarding the roles and responsibilities of management accountants in ABC projects, the need for behavior change management when implementing an ABC system, how to design and implement and ABC system, how to plan in ABC project implementation, how to ensure sustainability of an ABC system, and how to evaluate ABC software.
The SMA is available as a free download on IMA’s website under Publications/Statements on Management Accounting/Strategic Cost Management.
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