Discussion Post
Prior to beginning work on this discussion, download and read the report Implementing Activity-Based Costing published by the Institute of Management Accountants (IMA). IMA argues that although activity-based costing (ABC) is not a panacea, it is essential for a company to implement a management accounting system such as ABC for all its stakeholders-its employees, its community, its loyal customers, and its shareholders-to understand its cost structure.
After reading IMA's report, in an initial post of at least 200 words, discuss what activity-based costing is and examine how it impacts the role of management accountants in the broader context of performance management that integrates time, quality, service levels, risk, capacity planning, and costs.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.