COVID-19 and the accounting profession: The impact, the challenges, the future Sprott School of Business

Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. It’s no secret the pandemic pushed many organizations to fast-track their digital transformation. Since auditors could no longer make on-site visits, they had to …

Activity-Based Costing Calculation Steps and Example

The other levels of activity that are accounted for by activity-based costing are unit-level activities, customer-level activities, production-level activities, and organization-sustaining activities. Activity Based Costing (« ABC ») is an approach to solve the problems of traditional cost management systems which are often unable to determine accurately the actual costs of production …