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Essay / Research Paper Abstract
A 6 page paper discussing the benefits of activity-based costing, specifically as a proposed financial control measure the Bally Total Fitness. The company’s revenues plunged in a single year; this paper is a white paper furnished to a group of consultants that wants to approach Bally with its ideas for assistance. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: CC6_KSacctABCbally.rtf
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Unformatted sample text from the term paper:
In the current business climate of intense competition that only continues to increase, companies find themselves scrambling to keep up with growth as well as keep up
with costs. They add new products and services either to remain competitive or increase revenues, all the while knowing they also must increase profitability as well as revenues.
Activity-based costing can identify which activities are the most profitable for the company, thereby showing it where it needs to place the most emphasis
of effort. It may be allocating too great a portion of resources to an activity that is less profitable than another receiving a smaller share. The ability to
refine this cost-and-result approach can increase profitability without the need of increasing revenues. Increasing Profitability Cooper and Slagmulder (2000) write that there are
"three fundamental ways that firm profitability can be increased: acquire the resources consumed by the firm at lower prices, perform the firms activities more efficiently, and become more effective at
generating profits selling a more profitable mix of products or services to a more profitable collection of customers through a more profitable set of distribution channels" (p. 63). There
has been great attention to increasing efficiency over the past decade and longer, and adjusting the product and distribution mix is an ongoing process. What remains that most organizations
do not do is to further refine what has become the definition of effective operation. That definition has been to increase quality while
reducing costs, and staying in touch with customers to ensure that the organizations products remain relevant to the customer. Cooper and Slagmulder (2000) include acquiring raw materials or supplies
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