Category Archives: Activity-Based Costing

Should You Consider Implementing Project-Based Accounting?

This week’s linked article is by John W. Braine, Partner, CFO Edge, LLC. Project-based accounting (or PBA) is frequently applied by project-based businesses in manufacturing, construction, professional services and government-contracting sectors. Contrasted with standard accounting, expenses and revenue are tracked … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, Activity-Based Costing, CFO Services, Financial Planning & Analysis (FP&A), Financial Reporting, Los Angeles, Project-Based Accounting | Leave a comment

How to Apply the 80/20 Rule to Your Business

This week’s post and linked full article are by William K. Thorpe, Partner, CFO Edge, LLC. Applying the 80/20 rule to profitability and customer segments, conventional wisdom has it that 80 percent of an organization’s profits are derived from 20 percent … Continue reading

Posted in Activity-Based Costing, CFO Services, Cost Analysis, Customer Loyalty, Customer Service, Growth Strategies, Los Angeles, Pricing, Profitability | Tagged , , , , , , , , | Leave a comment

Activity-Based Costing: Improving Cost and Expense Analyses

Activity-Based Costing (ABC) is a special costing model that manages business costs or expenses by identifying activities used for the production of products or services. This model assigns indirect costs, such as overhead, to products or services so as to … Continue reading

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