Service business costing
Subtitle: cost accounting approach for the service industry
By: Markus B. Baum ; foreword by Kerry Sullivan
Publisher: Springer Gabler
Published: 2013
Place of publication: Wiesbaden
Language: eng
Number of pages: 121
ISBN-13: 9783834944436
Subjects: Accounting; Service industries; Cost accounting
Description: Service firms have high overhead costs which are difficult to assign to individual services. To bring transparency to their value chain, they need costing approaches that help them find their own improvements. Markus B. Baum explores current theory and practice of value chain approaches and cost accounting to develop a costing approach with a suitable instrument for the allocation of fixed and overhead costs for a service firm. He describes the service business costing (SBC) approach. This hybrid-costing model has a hierarchical structure in terms of consolidation and allocates cost and revenues on the lowest hierarchical level possible to ensure that all costs and income are assigned to activities from which they originated.
Notes: Includes bibliographical references (p. 97-105).
Table of contents: title: Introduction; title: Theoretical background and literature review --; title: Methodology --; title: Action research:value chain analysis of the firm --; title: Design and development of a costing approach --; title: Conclusion and recommendation.