Advanced Managerial Accounting Report Essay Example | Topics and Well Written Essays - 250 words - 1

Advanced Managerial Accounting Report - Essay ExampleMost Managers inquire forward implementing any of these damage systems where ABC is given a first priority due to its production be that are considered higher to those of schematic banking (Weygandt, Kimmel, and Kieso 56). ABC is a contrast of conventional banking since it helped patients in their treatment when it came to hospitals. stuffy accounting is a simple method for managing costs compared to ABC. However, it is not accurate and most of the duration is attended by under-costing and also over-costing. ABC is able to capture changes through direct measurement of activity levels thus adjusting from distortions that arise in the conventional cost system (Weygandt 45). However, there exists a similarity among these two cost systems where provision of costs similar to those of ABC can be structured by conventional accounting.In conclusion, both cost systems ABC and conventional accounting have their place of application and duration of time matters. They all are implemented differently but all of these systems of accounting have a economic consumption in any business despite of different strengths and weaknesses. ABC works best for most businesses compared to conventional