Integrating EVA and Process Based Costing
Recently, Mocciaro Li Destri, Picone & MinĂ (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:
“Of Eva first, that for hir wikkednesse
Was al mankinde brought to wrecchednesse,
For which that Jesu Crist himself was slain
That boughte us with his herte blood again
Lo, heer expres of wommen may ye finde
That womman was the los of al mankinde.”
—Geoffrey Chaucer (1340?1400)
“If thinking is like perceiving, it must be either a process in which the soul is acted upon by what is capable of being thought, or a process different from but analogous to that. The thinking part of the soul must therefore be, while impassable, capable of receiving the form of an object; that is, must be potentially identical in character with its object without being the object. Mind must be related to what is thinkable, as sense is to what is sensible.”
—Aristotle (384322 B.C.)
“Few white citizens are acquainted with blacks other than those projected by the media and the socalled educational system, which is nothing more than a system of rewards and punishments based upon ones ability to pledge loyalty oaths to Anglo culture. The media and the educational system are the prime sources of racism in the United States.”
—Ishmael Reed (b. 1938)
“Thatcher: Now tell me honestly, my boy. Dont you think its rather unwise to continue this philanthropic enterprise, this Inquirer thats costing you a million dollars a year?
Charles Foster Kane: Youre 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, Ill have to close this place in sixty years.”
—Orson Welles (19151985)