Integrating EVA and Process Based Costing
Recently, Mocciaro Li Destri, Picone & Minà (2012). proposed a performance and cost measurement system that integrates the Economic Value Added criteria with Process Based Costing (PBC). The EVA-PBC methodology allows us to implement the EVA management logic non only at the firm level, but also at lower levels of the organization. EVA-PBC methodology plays an interesting role in bringing strategy back into financial performance measures.
Read more about this topic: Cost Accounting
Famous quotes containing the words eva, process, based and/or costing:
“If we had had the right technology back then, you would have seen Eva Braun on the Donahue show and Adolf Hitler on Meet the Press.”
—Ted Turner (b. 1935)
“Healthy parenting is nothing if not a process of empowerment. As we help to raise our children’s self-esteem, we also increase their personal power. When we encourage them to be confident, self-reliant, self-directed, and responsible individuals, we are giving them power.”
—Louise Hart (20th century)
“Collective guilt is borne by what is conventionally called the scapegoat. Now the scapegoat for white society—which is based on myths of progress, civilization, liberalism, education, enlightenment, refinement—will be precisely the force that opposes the expansion and the triumph of these myths. This brutal opposing force is supplied by the Negro.”
—Frantz Fanon (1925–1961)
“Thatcher: Now tell me honestly, my boy. Don’t you think it’s rather unwise to continue this philanthropic enterprise, this Inquirer that’s costing you a million dollars a year?
Charles Foster Kane: You’re right, Mr. Thatcher. I did lose a million dollars last year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I’ll have to close this place in sixty years.”
—Orson Welles (1915–1985)