Data alone does not serve many useful purposes. Processed data, however, results in the creation of information and knowledge. In order to develop effective AI solutions, making objective, consistent, ...

The economy is always a hot topic, whether it’s a boom or a bust. While it moves in cycles, there are ways to help your company thrive amid the fluctuation. One of those, Justin Springer said, is an ...

Activity-based costing, or ABC, is a costing method that managers can use for internal cost reporting and decision making. While ABC isn't allowed for external financial reporting, companies may find ...

About two years ago, leaders at Children’s Healthcare of Atlanta began to wonder if they could connect the facility’s overhead costs to actual activity involved in treating the patient. That led to ...

Product-based costing is a relatively simple form of allocating direct and indirect costs to individual units of product. Activity-based costing is a more intricate system that assigns costs to ...

Activity-Based Management is classified into operational ABM and Strategic ABM: Operational ABM: Involves classifying a firm's activities to improve efficiency and visibility of costs. It involves ...