Download Activity-Based Management for Financial Institutions: by Brent J. Bahnub, Gary Cokins PDF

By Brent J. Bahnub, Gary Cokins

Discover easy methods to use activity-based administration to enhance your backside line

The first publication of its sort to target activity-based administration within the monetary prone undefined, Activity-Based administration for monetary associations: riding base line Results will help you force adjustments for your organization's backside line.

After offering a short evaluate of a monetary prone activity-based costing version, this booklet makes a speciality of tips to without delay enhance web source of revenue, masking crucial themes together with costing, chargeback, and pricing; enforcing ABC; enforcing ABM; coping with organizational swap; and fending off pitfalls.

  • Written for these within the monetary providers industry-banks, securities agencies, coverage companies
  • Reveals tips on how to force advantages to the base line via disciplined execution of activity-based administration and organizational switch management
  • Provides genuine international examples and instruments for fast effects and sustained success

This extraordinary booklet will take your bank from caught to financially winning, using profitability and performance.

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Read or Download Activity-Based Management for Financial Institutions: Driving Bottom-Line Results (Wiley and SAS Business Series) PDF

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Extra resources for Activity-Based Management for Financial Institutions: Driving Bottom-Line Results (Wiley and SAS Business Series)

Sample text

As a matter of fact, a great ABC implementation without ABM to improve the bottom line actually destroys shareholder value through the efforts and expenses required to implement ABC. One of the most common and damaging mistakes of ABC/M implementations is the overemphasis on ABC and the lack of emphasis on ABM. Never lose your focus on the end state. Drive improvements to the bottom line or the ABC/M implementation will be viewed (correctly) as a failure. ’’ The remaining chapters in this book are written to help structure and implement ABC and ongoing ABM to drive results.

However, even with its flaws, the Cliff Chart is a valuable and powerful tool for improving the corporate bottom line. ABC without ABM Over the years, I have heard no less than three consulting firms claim that they ‘‘invented’’ Activity-Based Costing. The date ranges were generally in the 1980s. One of the consultants had been around so long and claimed so many ‘‘inventions,’’ we often joked that he probably invented farming, too. In the end, who cares who invented ABC? An ABC solution without implemented actions to improve the bottom line is worthless.

6 I WHAT ARE ABC AND ABM? 5 ABC Product Income Statement Notice the dramatically different margins as a result of assigning costs based on consumption rather than allocating (spreading) costs based on traditional costing. Product D is actually destroying shareholder value. ABC Results Activity-Based Costing has been used for decades with mixed results. Let’s make sure we are on the same page regarding the definition of success: sustained improvement of shareholder value through improved cash flow.

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