Time-Driven Activity-Based Costing

A Simpler and More Powerful Path to Higher Profits

by Robert S. Kaplan and Steven R. Anderson

		Publisher: Copyright 2007 Harvard Business School Publishing Corporation Summarized by permission of Harvard Business Press Pub. Date: 2007 ISBN: 9781422101711 No. pages: 320 Category: Finance

In this summary you will learn

Why time-driven activity-based costing (TDABC) is an improvement over traditional activity-based costing
How it works and why it is effective
How to implement a TDABC program
How other organizations are using TDABC

Why you should read Time-Driven Activity-Based Costing

Activity-based costing can provide important insights; however, it also can be complex and difficult to implement and sustain. Time-driven activity-based costing more straightforwardly uses time as the primary metric for assessing costs, since almost all costs have a time dimension. Robert S. Kaplan and Steven R. Anderson provide a thorough, if highly technical, introduction to time-driven activity-based costing. Chapter by chapter, they show readers how to estimate process times, calculate capacity cost ratios, and plan and implement a TDABC system. Their detailed case studies illustrate the benefits of this clear, sophisticated tactic for budgeting, cost management, process improvement, benchmarking and acquisition evaluations. getAbstract thinks their book will be important to any executive, manager or academician who must understand operational costs.

About the Authors

Robert S. Kaplan, a co-creator of activity-based costing and of the “Balanced Scorecard,” is the Baker Foundation Professor at Harvard Business School. Steven R. Anderson is the founder and chairman of Acorn Systems, a Texas software and consulting firm.

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