The article presents steps of constructing a computer-based costing system for a higher education institution. Activity-based costing was chosen as the underlying cost accounting methodology. The structure of the costing model for a hypothetic university was described in the paper. The model was created in an attempt to find out how costly is a process of education performed for a study program...

We subject claims about the benefits of activity-based costing systems to the scrutiny of analytical models incorporating rational behavior by users of product costing systems. We find that a monopolist Is almost always strictly better off using multiple cost drivers as in an activity-based costing (ABC) system even when the system makes measurement errors in assigning overhead costs to activit...

The improvement of economic management in farms has become an important research topic recent decades as the most dominant feature current farm information systems (FMIS). Production cost statistics allow farmers to assess impact activities and compare historical data against previous practices or competitors’ activities. Therefore, availability reliable is utmost importance for FMIS, especiall...

This study examines recent advances in cost accounting methods with special reference to the application of Activity Based Costing methodology in primary sector. Large scale agricultural enterprises that depend heavily on capital investments require rational allocation of the available resources and efficient utilization of the existing production technology. The accurate and reliable computati...

There is an urgent need to formalize Activity-Based Costing (ABC) for purposes of implementation and usage in enterprises so that enterprises have access to the critical element of global success, viz., strategic management accounting. To make this possible, the authors present a core cost ontology and micro-theory of costing for enterprise modelling that spans the knowledge representation of a...