Learn Your Accounting ABCs --Dickeson

What ABC seeks is to improve job cost accounting. It's still job "cost" accounting no matter how you slice it. A rose is a rose is a rose. It's still absorption costing where we struggle to chop expenses into bits and pieces, and distribute them equitably to jobs. Never mind that these costs still won't relate to liquidity, profit assumptions of the general ledger, nor validate by zero balancing.