Activity Based Costing (ABC) is one of the purposeful methods for determining the actual costs for activities carried out in a management concern. Acquiring knowledge on costing is highly essential to know whether any organization is run on a profit basis and the extent to which the costs of activities are involved in the share of profit. For students having undertaken the study of costing, it is mandatory to know the way in which costing is based on the activity of the company so that in future they will have the interests of the company considered before their personal interests. If the school curriculum is integrated with those of the practical principles followed in the company, it will improve the event of the children getting better ideas while they are left in practical situations in their future.
The major drawback faced in coursework writing of activity based costing is the gaping differences in the theoretical and practical aspects. In theory, each activity is assigned a particular cost and the cost for the company will be the total cost calculated. However, in practice, this is not the ideal situation as there are many factors which influence the adaptation of costs for any activity. Also students may find it difficult to interpret the calculations accurately in practical situations. They may make mistakes while computing data based on information presented to them.
Challenges while solving activity based costing accounting problems
The major challenges facing the students are that they are not well qualified to tackle the problems in their school curriculum and this trend may continue until they reach a stage where they are not hired due to their poor skills. Another problem is the development in technologies pertaining to accounting and other aspects of costing, that it makes it mandatory that students learn about the computer assisted costing skills prior to being placed in a practical situation. The last, but the most important issue is the problem of not being able to control the costs in a practical situation, unless the person is well-versed in the practical applications of analyzing the activities based on costs. This brings us to the need of having competent tutors, who could impart the skills of cost accounting based on activities for the students.
The advent of technology brings with it the use of computers in accounting. A practical approach to tackling the problem of incompetence in costing as well as lack of technological advance is to learn these techniques from online tutors, from websites like www.mywordsolution.com . The advantage of online teaching is to not only impart the skills of costing based on activity, but also incorporate computing skills to the students, who would learn to develop computer based accounting skills for their future applications.
The target website www.mywordsolution.com aims at imparting costing skills to students who would learn it by simple methods from experienced tutors on a one-to-one basis.
This provides them individual attention and also clarification of doubts while computing could be done immediately without interference from any other student, which is not possible in a classroom set up. The students can concentrate well while they are working out problems on a typical whiteboard setup in the sessions. These sessions are individualized to meet specific needs of each student, requiring either a session on cost accounting skills or wanting just homework help. Both of these are considered to be of prime importance, and given equal prominence in terms of allocation of competent tutors to sessions as well assignment writers. Teaching cost accounting requires an additional skill in computation of costs of individual activities at which the tutors at www.mywordsolution.com are well versed and competent to solve any sort of problems, ranging from simple to complicated and explaining them meaningfully to the students in order to enhance their existing knowledge and skills. The aims of these online sessions pertain to improving the understanding of the students and empower them to improve their grades.
Considering the expertise of the online tutors, it will be commendable to state that they are experts in their respective fields of costing, accounting and other computational skills, with ample years of online teaching experience, having taught curricula pertaining to schools and college g/rade levels. This is the reason for www.mywordsolution.com to target at students in order to deliver them the benefits of qualified and able tutors to improve their theoretical and practical activity based costing system. Our accounting assignment help service is popular all over the world because of our world class support & service type.