By Brent J. Bahnub, Gary Cokins

ISBN-10: 0470562226

ISBN-13: 9780470562222

Realize easy methods to use activity-based administration to enhance your backside lineThe first e-book of its variety to target activity-based administration within the monetary prone undefined, Activity-Based administration for monetary associations: using base line effects will provide help to force alterations for your corporations backside line.After delivering a short evaluate of a monetary prone activity-based costing version, this publication makes a speciality of how you can without delay increase web source of revenue, overlaying crucial subject matters together with costing, chargeback, and pricing; imposing ABC; imposing ABM; dealing with organizational switch; and keeping off pitfalls.Written for these within the monetary prone industry-banks, securities companies, assurance companiesReveals easy methods to force merits to the base line via disciplined execution of activity-based administration and organizational swap managementProvides genuine international examples and instruments for speedy effects and sustained successThis distinct e-book will take your bank from caught to financially profitable, riding profitability and function.

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The marginally profitable product looks more profitable than it really is, while the highly profitable product appears less profitable than it is. 8. However, since the costs were allocated outside of the costing system, the impact and method were undiscovered by the users. In this case, support costs were incorrectly assigned to corporate activities. An offline spreadsheet allocated the cost of coin replenishment to ATM withdrawals. Unfortunately, the bank had no coin capability at any of its ATMs.

Why? As you’ll see, the source data for the resource cost pools is the general ledger (GL). It makes sense to synchronize the ABC results to the monthly GL reports. Using standard extract, transform and load (ETL) tools, ABC no longer needs to lag monthly GL reports. Additionally, since there can be large monthly cost variances on the GL due to the invoicing of large-ticket items, such as technology, a single month can be a poor yardstick with which to measure product or customer profitability.

HR provides recruiting, benefits, planning, and displacement services for the entire corporation, including IT. IT is a customer of HR and generally receives a direct charge to the IT cost centers. Prior to ABC, HR costs are often based on the headcount of the serviced area. Similarly, IT provides the technology infrastructure, support, and project development services for the entire corporation, including HR. As such, HR is a customer of IT and also, generally receives a direct charge to the HR costs centers.

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Activity-Based Management for Financial Institutions: Driving Bottom-Line Results by Brent J. Bahnub, Gary Cokins

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