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Flexible budgeting under time-driven activity based cost as a tool in management accounting: Application in educational institution

Author

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  • Hamide Ozyurek

    (Turgut Ozal University, Ankara, Turkey)

  • Yakup Uluturk

    (Turgut Ozal University, Ankara, Turkey)

Abstract

The rapidly changing competitive conditions, economic and technological developments have brought the diversity of firm's products and services. One-kind products and services were replaced by the production of a wide range of products and services. International firms are seeing that increased demand has led to different product markets. All these developments have also led to the international level of competition and made necessary to conduct new researches on management accounting with emphasis on planning, controlling and auditing. In this study, time and activity based flexible budget application is made by looking at a new approach to the budgeting process, which is one of the most important tools of planning. Purpose of this study is to show that time driven activity based costing system for education sector can be considered in the calculation of the costs and performance of the steps of taking advantage of future budget planning in education sector. For this purpose, time driven activity based budgeting was implemented in primary schools and kindergartens in Ankara operating within a private educational institution. The result of the study, in order to prepare a flexible budget depending on time, must have qualified persons and the need for cooperation of all employees in the implementation. During the calculation of the costs, to reach more accurate results due to consideration of idle capacity, findings show the benefits provide for large corporations having complex structure. This also proves that every customer is not profitable.

Suggested Citation

  • Hamide Ozyurek & Yakup Uluturk, 2016. "Flexible budgeting under time-driven activity based cost as a tool in management accounting: Application in educational institution," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 2(2), pages 64-70.
  • Handle: RePEc:apb:jabsss:2016:p:64-70
    DOI: 10.20474/jabs-2.2.2
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    References listed on IDEAS

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    1. repec:aei:rpbook:24297 is not listed on IDEAS
    2. S. Hoozee & W. Bruggeman, 2010. "Identifying operational improvements during the design process of a time-driven ABC system: The role of collective worker participation and leadership style," Post-Print hal-00679954, HAL.
    3. Demeere, Nathalie & Stouthuysen, Kristof & Roodhooft, Filip, 2009. "Time-driven activity-based costing in an outpatient clinic environment: Development, relevance and managerial impact," Health Policy, Elsevier, vol. 92(2-3), pages 296-304, October.
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    Cited by:

    1. Kristina Sisyuk, 2018. "Training, knowledge, competence, performance: what is the relationship?," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 4(6), pages 297-312.
    2. Wandee Nuansoi & Marin Suntiniyompukdee & Aree Tahlah, 2017. "Rice Production in Rattaphum District, Songkhla Province, Thailand," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 2(1), pages 18-30.
    3. Eunice Lagrimas Lluz, 2019. "Economic Assessment of Hog Raising in Different Types of Housing," International Journal of Applied and Physical Sciences, Dr K.Vivehananthan, vol. 5(1), pages 20-27.
    4. Noor Un Nissa & Ashique Ali Jhatial & Muhammad Nawaz & Jamshed Adil Halepota, 2018. "Conflict Management Styles (Dominating and Compromising) of Academic Administration and Its Impact on Faculty Job Satisfaction and Turnover Intention," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 4(5), pages 187-196.

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