SoftGuide > Functions / Modules Designation > cost and activity accounting

cost and activity accounting

What is meant by cost and activity accounting?

"Cost and activity accounting" is a managerial accounting tool used to capture, analyze, and control the costs and performance of a company.

Typical functions of software in the "cost and activity accounting" domain include:

  1. Cost Type Accounting: Capturing and analyzing various cost types such as material costs, labor costs, operating expenses, etc.

  2. Cost Center Accounting: Allocating the incurred costs to different cost centers or departments within the company to increase cost accountability.

  3. Cost Object Accounting: Assigning costs to individual products, services, or projects to determine the profitability of each product or service.

  4. Overhead Cost Allocation: Distributing overhead costs to cost objects using allocation methods to allocate overhead costs to individual products or services.

  5. Standard Costing: Planning and controlling costs using standard cost comparisons and variance analysis to monitor cost trends in the company.

  6. Contribution Margin Analysis: Calculating the contribution margins of products or services to determine their contribution to covering fixed costs and achieving company profits.

  7. Reporting and Analysis: Generating reports and analyses on cost structures, cost drivers, and profitability to enable informed decision-making at the management level.

 

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The function / module cost and activity accounting belongs to:

Cost and performance accounting

Software solutions with function or module cost and activity accounting:

MService
MService
 
 
 
 
 
 
All-In-One-Software
PST-BI
PST-BI
 
 
 
 
 
 
Data warehouse, cost accounting, planning, reporting, business analytics for SMEs
Scopevisio
Scopevisio
 
 
 
 
 
 
Cloud enterprise software for the mid-market companies
flink
flink
 
 
 
 
 
 
Modern performance & analytics software
PROJEKTA
 
 
 
 
 
 
Project Software - ERP for Service Providers
OCT planning
OCT planning
 
 
 
 
 
 
Unlimited possibilities for corporate planning at operational level
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
Project planning, project steering, project controlling, time management - 100% web based
unitop NPO
unitop NPO
 
 
 
 
 
 
Software for associations, fundraising organizations and academies
elKomKONS
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
Show all 14 programs with cost and activity accounting