UID:
almafu_9959327890102883
Umfang:
1 online resource
ISBN:
9781119194682
,
1119194687
,
9781119194705
,
1119194709
,
9781119194699
,
1119194695
Inhalt:
Construction projects are increasingly complex, with contractors facing decreased profitability as a range of factors drive up overhead costs. While the industry has traditionally focused on managing the direct costs of projects (labor and materials, for example), Activity-Based Costing (ABC) can be used to manage overhead costs effectively. This proven methodology has been tested in a range of industries, but application in the construction industry seems challenging due to the different contexts of construction and volume production.
Inhalt:
The construction industry does not have methodologies to manage overhead costs effectively because current cost management practices focus on managing direct costs. Activity-Based Costing for Construction Companies provides guidelines on how overhead costs can be managed using this approach, providing gains in contractor competitiveness. It begins by identifying the attributes and problems of current overhead cost control systems, then presents a systematic methodology to apply ABC to the construction industry. Illustrated with a range of case studies, it also presents a map that shows construction contractors how to implement ABC to calculate and manage overhead costs accurately, identifying non- or low-value-added operations which can be improved. --Book Jacket.
Anmerkung:
Title Page ; Copyright Page; Contents; Preface; Chapter 1 Introduction; 1.1 What comprises costs in a construction company?; 1.1.1 Construction costs (project costs); 1.1.2 Overhead costs in a construction company; 1.1.3 The cost classification in use and the duality of overhead costs; 1.2 Overhead costs in new business environments; 1.3 Role of overhead cost management; 1.3.1 Overhead costing system should provide accurate costing on cost objects; 1.3.2 Overhead costing system should contribute to reducing total costs without sacrificing value; 1.4 Structure of this book; References.
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Chapter 2 What Is Activity-Based Costing? 2.1 Traditional accounting method: resource-based costing with volume-based allocation ; 2.1.1 Resource-based costing ; 2.1.2 Overhead costs allocation; 2.2 What are the problems with the current method?; 2.2.1 Is the current method contributing to reducing total costs?; 2.2.2 Does the current method provide accurate pricing?; 2.3 What is activity-based costing? ; 2.3.1 Definition; 2.3.2 Characteristics of ABC; 2.3.3 Objectives of ABC system; 2.4 Implementing activity-based costing ; 2.4.1 Develop an activity-based costing charter.
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2.4.2 Define cost objects2.4.3 Identify activities; 2.4.4 Assign resource costs to activities; 2.4.5 Assign activity costs to cost objects; 2.5 Chapter summary; References; Chapter 3 Managing Overhead Costs in Construction Projects; 3.1 Project overhead costs as profit points; 3.2 Implementing ABC to manage project overhead costs; 3.3 Case study: xx Commercial Complex ; 3.3.1 Developing an activity-based costing charter ; 3.3.2 Workshop; 3.3.3 Defining cost objects; 3.3.4 Identifying activities; 3.3.5 Assigning resource costs to activities; 3.3.6 Assigning activity costs to cost objects.
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3.4 Using ABC data for managerial purposes3.4.1 Evaluating management areas with activity analysis; 3.4.2 Evaluating subcontractors; 3.5 Chapter summary; References; Chapter 4 Managing Your General Overhead Costs; 4.1 General overhead costs; 4.2 Managing general overhead costs; 4.2.1 Accurate general overhead allocation; 4.2.2 Providing a process view for process improvements; 4.3 Does current practice for managing general overhead costs work?; 4.3.1 Resource-based costing ; 4.3.2 Volume-based assignment ; 4.4 How can ABC be implemented in managing general overhead costs?
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4.4.1 Case study: xx Construction (general contractor)4.5 How can ABC data be used in managing general overhead costs?; 4.5.1 Cost driver analysis; 4.5.2 Profitability analysis for each project; 4.5.3 Profitability analysis for each market sector; 4.5.4 Profitability analysis for each customer; 4.6 Chapter summary; References; Chapter 5 Managing Overhead Costs in a Fabrication Shop; 5.1 Rebar supply system; 5.2 Case study: PQR Construction Inc. ; 5.2.1 The rebar fabrication shop's cost structure; 5.2.2 Allocation of rebar fabrication shop's costs to projects.
Weitere Ausg.:
Print version: Kim, Yong-Woo, 1972- Activity based costing for construction companies. Chichester, UK ; Hoboken, NJ : John Wiley & Sons, 2017 ISBN 9781119194675
Sprache:
Englisch
Schlagwort(e):
Electronic books.
;
Electronic books.
;
Electronic books.
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119194705
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119194705
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119194705
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