High-tech cost accounting for the F-16

Article Abstract:

General Dynamics' Fort Worth Division's 'factory of the future' setting is a combination of developmental and revolutionary approaches which is characterized as 'reactive'. The company's change in managerial accounting systems there reflects a desire to meet government contractor incentive programs and to allow for technical improvements at the operations level. General Dynamics seeks in manufacturing its F-16 airplane to move from a flexible machine system to integrated manufacturing, to boost product quality, ensure that production is uniform, cut labor and overhead expenses, and improve both efficiency and effectiveness of inventory management.

Aircraft, Management, Product information, Aircraft industry, Industrial productivity, General Dynamics Corp., GD

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An unusual financial source: Will it spur new disclosure rules?

Article Abstract:

Carving out subsidiaries involves the liquidation of a parent company's interest in high-performing subsidiaries, such as those involved in health care, financial services, computers, sales, or communications. The advantages of such a technique include an attractive return for the parent company, and providing an outlet for the subsidiary's stock to tie in with incentive compensation plans. The technical aspects of such a policy can be complicated, especially in the areas of parent-subsidiary expenses and related disclosures.

Standards, United States, Analysis, Usage, Laws, regulations and rules, Accounting and auditing, Accounting, Subsidiary corporations, Subsidiaries, Holding companies, Auditing, Economic policy, Corporations, Financial statements, Disclosure statements (Accounting), Consolidated financial statements

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How to succeed at activity-based cost management

Article Abstract:

The successful implementation of an activity-based cost accounting system (ABSC) is dependent on several key factors. These factors include the close coordination of the activities of both accounting and management personnel within an ABSC project team, the clear and effective communication of financial concepts and objectives to other ASBC team members, and the selection of an adequate yardstick for measuring performance parameters.

Methods, Cost accounting

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