Activity-Based Costing (Abc) in Service Industries

904 Words4 Pages
Activity-based Costing (ABC) in Service Industries Sharon Anthony Strayer University Managerial Accounting ACC 560 Dr. Ralph J Palumbo Describe the company you researched in one to two (1-2) paragraphs. Yardley Management Solutions, Inc. is dedicated to helping hospitals get all the value possible from their investments in McKesson's solutions for hospital performance management, business intelligence and decision support: * HBI - Horizon Business Insight * HPM - Horizon Performance Manager * PMOD PCON - Pathways Contract Modeling and Pathways Contract Management * TRENDSTAR CCA, HSL, CPA These tools enable hospitals and health systems to combine clinical practices and outcomes with economic data, providing information vital to navigating business and clinical challenges. Yardley specializes in helping to install and refresh these systems, and to assemble cost accounting, service line P&Ls and performance scorecards (Journal of the American Medical Association, 2010). These tools are needed now more than ever to prepare for what is ahead. They assist by providing education, support, consulting and supporting software solutions that help our customers achieve their objectives quickly and cost effectively. By working with McKesson and with leading McKesson customers every day, we can to bring you the best practices out there. We work with our clients either on-site or via remote access and web meetings, allowing us to be flexible and responsive to your needs. Yardley's consulting and education services help you rapidly develop applications and derive benefits while gaining valuable insight and experience (Baltzan, 2009). Discuss how a time driven ABC cost system can be implemented in the company you researched and the benefits that the use will yield to the business performance. Background: Activity Based Costing (ABC) began
Open Document