From the Traditional to the Modern: Alternation of Enterprise Cost Management
Xiao Zhang
Abstract
Xiao Zhang
Abstract
Through analysis on and comparison of traditional cost management with modern one, and connecting with the study on the hypothesis of basic aspects of traditional cost management, this paper puts forward specialization requirements for the practice of modern enterprises' cost management, and expounds the application of ABC (Activity-Based Costing) in our country's enterprises and its development in the future.
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Through analysis on and comparison of traditional cost management with modern one, and connecting with the study on the hypothesis of basic aspects of traditional cost management, this paper puts forward specialization requirements for the practice of modern enterprises' cost management, and expounds the application of ABC (Activity-Based Costing) in our country's enterprises and its development in the future.
Key concepts: Product cost management, Cost accounting, Activity-based costing, Business, Operations management, Risk analysis (engineering), Cost engineering, Process management