| Publisher | SAS Institute | ||
|---|---|---|---|
| Format | HTML | Date added | 10 Aug 2006 |
| Topics | Cost Control - Risk Mgmt., Finance | ||
| Downloads | 8 | ||
Financial service companies are currently implementing or planning to implement the last major improvement to management reporting. This change will significantly upgrade the quality and quantity of information available to support the professional management of the business. They are moving from a top down design to a bottom up design for expense distributions and activity based costing is at the heart of it. This change clears away the controversy surrounding management reporting and provides actionable insights into product profitability, customer profitability, line of business profitability, staffing and resource management, productivity, and target re-engineering. Management accounting should align with how managers run their businesses and how they make decisions.
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