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Effect of implementing the Performance Focused Activity Based Costing (PFABC) on improving Product Quality: An applied study in the State Company for Drugs Industry and Medical Appliances – Samarra (SDI)
Mar 2, 2024 - Apr 5, 2024Publisher Scientific Research Journal of Economics and Business Management
DOI DOI:10.47310/srjebm.2024.v04.i02.002
Country Iraq
Location ِِAL DOOR
The research aims to test the extent of application of the Performance Focused Activity Based Costing (PFABC), and the effect of this system in reducing costs and improving product quality in the State Company for Drugs Industry and Medical Appliances – Samarra (SDI). To achieve the research objective, the researchers conducted a field study in this company (SDI) to test the extent of application of the PFABC and its impact on improving product quality. The results of the field research concluded that applying the PFABC leads to identifying strengths and weaknesses in performance and identifying unused (idle) resources, thus reducing costs and improving product quality. The PFABC also calculates the productivity of each activity by measuring effectiveness and efficiency and determining the deviation for each activity. In this way, the PFABC provides an opportunity for management to evaluate activities and exclude activities that do not add value while working on developing activities that add value to the product. This step leads to improving products. The research recommended the need to pay attention to the application of modern methods of cost accounting and management accounting, including the PFABC, due to the inability of traditional cost accounting and management accounting methods to keep pace with the information requirements of the modern environment. The research also recommended the need to continuously pay attention to meeting the desires and needs of customers, and the need to reduce the costs of activities that do not add value to the product or service, since the customer is not willing to bear these costs, in addition to the need to pay attention to internal and external information about the environment surrounding the (SDI) company when making strategic decisions related to it.
THE ROLE OF MEDIA DISCLOSURE IN ENHANCING THE FINANCIAL PERFORMANCE OF THE IRAQI BANKING SECTOR
Apr 5, 2023 - Sep 13, 2023Country Iraq
Location Al DOUR
The Role of the Activity-Based Budgeting Approach in Preparing Planning Budgets and Costs Control: An Applied Study in SDI Company
Jun 6, 0023 - Sep 11, 2023DOI https://doi.org/10.31150/ajebm.v6i9.2429
Country Iraq
Location ِِAL DOOR