Implementing Activity Based Costing
Because of increased scrutiny across international fiscal jurisdictions, an anonymous global insurance group implemented ABC to ensure its charges to overseas affiliates were accurate and defensible. The company tracked its services to all its overseas affiliates through the ABC system. As a result the company was able to ensure its charges related directly to the economic benefit received by the recipient of the services and the group was able to lower its effective tax rate....
BPIR Categories
11.1.5 Manage financial risk
11.3.2 Provide internal financial information