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| Financial Managers' Perceptions on the Successful Implementation of Activity-Based Costing in China Industrial Shareholding Companies
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Liu Lin, T Wegman
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Abstract:
The activity-based costing (ABC) system is now thought to be the most effective replacement to traditional costing systems. The purpose of this article is to describe and shed light on the ABC implementation, as well as to demonstrate the value of implementing the system in terms of increasing profitability and aiding decision-making processes. Furthermore, discuss the shortcomings of the current ABC approach used in Chinese industrial shareholding enterprises. Additional goal is to achieve results and recommendations that will aid in the better use of the ABC system in Chinese industrial companies. To answer the study objectives, a quantitative method design was used, with a questionnaire. The current study included a sample of financial managers/heads of accounts from Chinese industrial businesses. From an economic standpoint, the ABC system is innovative, and the findings of this study could be applied to improve the industrial sector and product quality in the future. It was also expected to help Jordan's economy grow, since the industrial sector served as a stepping stone toward that goal.
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