Advantages and Disadvantages of Accounting Methods and their impact on reported income
Basically there are two main costing mechanisms that are Traditional Costing technique and Activity based costing. Cont… (500 words of this Report)
Traditional Costing Method:
Advantages of the Traditional Costing Technique:
Disadvantages of Traditional Costing Method:
Influence on Reported Income:
Activity Based Costing (ABC)
Advantages of Activity based costing:
Disadvantages of the Activity based costing:
Influence on Reported Income:
References:
Advantages of the Traditional Costing Technique:
Disadvantages of Traditional Costing Method:
Influence on Reported Income:
Activity Based Costing (ABC)
Advantages of Activity based costing:
Disadvantages of the Activity based costing:
Influence on Reported Income:
References:
