How activity accounting works in government
Article Abstract:
The Naval Supply Systems Command implemented an activity-based accounting system for its budgeting and financial performance measurement in order to respond to the pressure of an enhanced workload and reduced resources. The activity-based accounting system allowed the Naval Supply Systems Command to reduce its operating costs and maintain service quality and timeliness. The accounting system was not restructured but realigned to use a broad view of costs and processes by creating a new cost pool structure: productive cost pools, including physical distribution and procurement, and internal cost pools, including data processing support and general and administrative functions. Implementing the system required extensive training, which was focused on statistical quality control, in order to enhance the flexibility of staff.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1990
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Commitment: the key to successful accounting system implementation
Article Abstract:
An automated accounting system can be critical for a small, rapidly growing firm, but managers, employees, and vendors need to be committed to the installation of the system. Managers must make two commitments to the system before it is installed. They need to provide the money to fund the system, and to allow employees the time to learn the system. The biggest cost of getting an automated accounting system is the cost of training, not software or hardware. Accounting staff must be willing to spend the time to thoroughly understand the design of the system beyond simply knowing how to enter data and generate reports. Software vendors and consultants also may be needed to provide assistance in developing a quality product and providing installation services.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1988
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Luca Pacioli: accounting's Renaissance Man
Article Abstract:
Luca Pacioli, a 15th century Franciscan monk who was a contemporary of Leonardo da Vinci, is considered to be the father of modern accounting. While double-entry bookkeeping was known as early as the 12th century, Pacioli wrote the first major treatise on it. Pacioli provided a detailed description of double-entry bookkeeping that helped standardize commerce by allowing businesses to keep reliable records. The promulgation of double-entry bookkeeping by Pacioli's text spurred commerce by providing businesses with a reliable method for keeping records and a means to follow each others' transactions.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1991
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