ISSN : 1229-6783(Print)
ISSN : 2288-1484(Online)
ISSN : 2288-1484(Online)
Journal of the Korea Safety Management & Science Vol.16 No.1 pp.239-250
DOI : https://doi.org/10.12812/ksms.2014.16.1.239
DOI : https://doi.org/10.12812/ksms.2014.16.1.239
ABC 확장모형의 개발 및 적용
Development and Implementation of Extension Models for Activity-Based Costing
Received January 20, 2014; Revision Received March 19, 2014; Accepted March 19, 2014.
Abstract
The purpose of this research is to implement and develop the Economic Cost Driver Size(ECDS) extendedmodel to determine the optimal cash driver size with measurement complexity cost and allocation fail cost.ECDS model can be used to seek both measurement accuracy and time efficiency of the Activity-Base Costing(ABC). The study also develops Activity Priority Number (APN) to evaluate the importance of nonvalue-addedactivities improvement and to determine the representative cost driver of value-added activities when applyingECDS model. APN consists of Severity Priority Number (SPN), Undetectablitiy Priority Number (UPN) andOccurrence Priority Number (OPN). APN can be obtained from lower-stream activity, current activity,upper-stream activity in terms of hierarchical dependency of SIPOC (Supplier, Input, Process, Output, andCustomer). In order to seek both efficiency of invested capital and reduction of overhead cost, the paperproposes the integrated ABC and Economic Value Added (EVA) model using redesigned ABC-based statementof comprehensive income and EVA-based statement of financial position. For a better understanding of theproposed ABC-EVA integrated model, numerical examples are demonstrated in this paper. Cost drivers of ABCand capital drivers of EVA in the proposed model can be used to reduce activity overhead cost fromABC-based statement of comprehensive income and to lessen activity capital charge from EVA-basedstatement of financial position.
Reference
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2.Brimson J.A.(1991), Activity Acounting : An Activity - Based Costing Approach, JohnWiley &Sons, Inc.
3. Brimsom J.A., Antos J.(1994), Activity-Based Management, John Wiley & Sons, Inc.
4. Bruggerman W., Hoozee S.(2010), "Identifying Operational Improvements During The Design Process of a Time-Driven ABC System : The Role of Collective Worker Participation and Leadership Style", Management Accounting Research, 21 : 185-198.
5.Choi S.(2013), "The Linkage Strategies Between Productivity Metrics and Financial Accounting Metrics in TPM and PAC Activities", Journal of Korea Safety Management and Science, 15(3): 151-161.
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8. Cooper R.,Slagmulder R.(1999),"Integrating Activity Based Costing and Economic Value Added",Management Accounting,80(7):16-17.
9. Emblemsvag J.(2003), Life-Cycle Costing : Using Activity-Based Costing and Monte Carlo Methods to Manage Future Costs and Risks, JohnWiley &Sons, Inc..
10.Forrest E.(1996), Activity-Based Management : A Comprehensive Implementation Guide, McGraw-Hill.
11.Glad E., Beeker H.(1997), Activity-Based Costing and Mangement John Wiley & Sons, Inc..
12.Grant J.L.(2002), Foundations of Economic Value Added, 2 Edition, John Wiley & Sons, Inc.
13.Hicks D.T.(1999), Activity-Based Costing : Making It Work for Small and Mid-Sized Companies, 2 Edition. John Willey & Sons, Inc.
14. Innes To, Mitchell F., Yoshikawa T.(1994), Activity Costing for Engineers, John Wiley & Sons, Inc.
15. Kang H. et al.(1997)," The Usefulness of EVA : An Empirical Study", Korean Journal of Finan cial Mangement, 14(3).
16.Kaplan R.S., Anderson S.R(2007), TDABC : Time-Driven Activity-Based Costing, Harvard Business Press.
17.Kim S.(2000), Activity-Based Costing : Maxim izing Enterprise Value, MBABOOK.
18. Kim D. et al.(2004), "A Study on the Application of Economic Value Added in Managerial Accounting Perspectives", Soongsil Journal of Social Science, 7 : 75-92.
19.Lee D. et al.(1997)," EVA Measure for Business Performance Evaluation", Sogang Journal of Business. 8: 313-334.
20.Lee W. et al.(1997), "The Usefulness of Economic Value Added Concept : An Application for Cost Management", Industrial Economy Research, 10(1): 191-210.
21. Lee D. et al.(2001), " An Empirical Test of Information Contents of Economic Value Added (EVA), Sogang Journal of Business, 12(1): 124-143.
22. Lee D. et al.(2005), " An Empirical Comparison of Valuation Models Using Current Excess Earnings and EVA", Sogang Journal of Business, 16(1): 95-105.
23.Liberatore M.J., Miller T.(1998), " A Framework for Integrating Activity-Based Costing and the Balanced Scorecard into the Logistics Strategy Development and Monitoring Process", Journal of Business Logistics, 19(2): 131-154.
24. Mabberley J.(1992), Activity-Based Costing in Financial Institutions, Pitman Publishing.
25.Na Y. et al.(2001), "Improvement in Invested Capital Measurement Method On the Basis of Managerial Accounting View", Managerial Acco unting Research, 1(1): 107-132.
26.Roztocki N., Needy K.L.(1999), "Integrating Activity-Based Costing and Economic Value Added in Manufacturing", Engineering Manag ement Journal, 11(2): 17-22.
27.Schulz M., Seuring S., Ewering C.(2012), " Applying Activity-Based Costing in a Supply Chain Management", International Journal of Production Economics, 135: 716-775.
28.Stewart B.(2013), Best Practice EVA : The Definite Guide to Measuring and Maximizing Shareholder Value, John Wiley & Sons, Inc.
29.Turney P.B.B.(2005), Common Cents : How to Succeed with Activity-Based Costing and Activity-Based Management, McGraw-Hill.
30.Wiersema W.H.(1995), Activity-Based Mangement : Today's Powerful New Tool for Controlling Costs and Creating Profits, American Management Association.
31.www.lge.co.kr
2.Brimson J.A.(1991), Activity Acounting : An Activity - Based Costing Approach, JohnWiley &Sons, Inc.
3. Brimsom J.A., Antos J.(1994), Activity-Based Management, John Wiley & Sons, Inc.
4. Bruggerman W., Hoozee S.(2010), "Identifying Operational Improvements During The Design Process of a Time-Driven ABC System : The Role of Collective Worker Participation and Leadership Style", Management Accounting Research, 21 : 185-198.
5.Choi S.(2013), "The Linkage Strategies Between Productivity Metrics and Financial Accounting Metrics in TPM and PAC Activities", Journal of Korea Safety Management and Science, 15(3): 151-161.
6.Choi S.(2013), "Development and Implementation of Extension Models Based on the Review of] Cash Flow Models", Journal of Korea Safety Management and Science, 15(4): 435-448.
7. Cokins G.(2001), Activity-Based Cost Management : An Executive's Guide, John Wiley & Sons, Inc.
8. Cooper R.,Slagmulder R.(1999),"Integrating Activity Based Costing and Economic Value Added",Management Accounting,80(7):16-17.
9. Emblemsvag J.(2003), Life-Cycle Costing : Using Activity-Based Costing and Monte Carlo Methods to Manage Future Costs and Risks, JohnWiley &Sons, Inc..
10.Forrest E.(1996), Activity-Based Management : A Comprehensive Implementation Guide, McGraw-Hill.
11.Glad E., Beeker H.(1997), Activity-Based Costing and Mangement John Wiley & Sons, Inc..
12.Grant J.L.(2002), Foundations of Economic Value Added, 2 Edition, John Wiley & Sons, Inc.
13.Hicks D.T.(1999), Activity-Based Costing : Making It Work for Small and Mid-Sized Companies, 2 Edition. John Willey & Sons, Inc.
14. Innes To, Mitchell F., Yoshikawa T.(1994), Activity Costing for Engineers, John Wiley & Sons, Inc.
15. Kang H. et al.(1997)," The Usefulness of EVA : An Empirical Study", Korean Journal of Finan cial Mangement, 14(3).
16.Kaplan R.S., Anderson S.R(2007), TDABC : Time-Driven Activity-Based Costing, Harvard Business Press.
17.Kim S.(2000), Activity-Based Costing : Maxim izing Enterprise Value, MBABOOK.
18. Kim D. et al.(2004), "A Study on the Application of Economic Value Added in Managerial Accounting Perspectives", Soongsil Journal of Social Science, 7 : 75-92.
19.Lee D. et al.(1997)," EVA Measure for Business Performance Evaluation", Sogang Journal of Business. 8: 313-334.
20.Lee W. et al.(1997), "The Usefulness of Economic Value Added Concept : An Application for Cost Management", Industrial Economy Research, 10(1): 191-210.
21. Lee D. et al.(2001), " An Empirical Test of Information Contents of Economic Value Added (EVA), Sogang Journal of Business, 12(1): 124-143.
22. Lee D. et al.(2005), " An Empirical Comparison of Valuation Models Using Current Excess Earnings and EVA", Sogang Journal of Business, 16(1): 95-105.
23.Liberatore M.J., Miller T.(1998), " A Framework for Integrating Activity-Based Costing and the Balanced Scorecard into the Logistics Strategy Development and Monitoring Process", Journal of Business Logistics, 19(2): 131-154.
24. Mabberley J.(1992), Activity-Based Costing in Financial Institutions, Pitman Publishing.
25.Na Y. et al.(2001), "Improvement in Invested Capital Measurement Method On the Basis of Managerial Accounting View", Managerial Acco unting Research, 1(1): 107-132.
26.Roztocki N., Needy K.L.(1999), "Integrating Activity-Based Costing and Economic Value Added in Manufacturing", Engineering Manag ement Journal, 11(2): 17-22.
27.Schulz M., Seuring S., Ewering C.(2012), " Applying Activity-Based Costing in a Supply Chain Management", International Journal of Production Economics, 135: 716-775.
28.Stewart B.(2013), Best Practice EVA : The Definite Guide to Measuring and Maximizing Shareholder Value, John Wiley & Sons, Inc.
29.Turney P.B.B.(2005), Common Cents : How to Succeed with Activity-Based Costing and Activity-Based Management, McGraw-Hill.
30.Wiersema W.H.(1995), Activity-Based Mangement : Today's Powerful New Tool for Controlling Costs and Creating Profits, American Management Association.
31.www.lge.co.kr
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