Study Of Enterprise's Value Management Basing On Activity-based Costing

The thesis mainly discusses the critical function that Activity-based Costing (ABC) devotes to enterprise's Value-based Management (VBM). It's an innovation point to combine ABC and VBM.In chapter one, writer states research value and meaning, introducing the main content and achievement of thesis. ABC is a method to allocate indirect expenses. It distributes resources into activities through confirming and measuring resource drivers, then puts activities cost into products cost. It provides relatively exact cost information for products. As to the definition of value, academicians put out many different viewpoints.In chapter two, writer decides that we can define corporate value in three dimensions; they are separately customer's value (in microcosmic dimension), investor's value (middle level between microcosmic level and macroscopical dimension), and public value in macroscopical dimension.In chapter three, writer discusses the structure of activity-chain and value chain, analyzing the important function of ABM for product's designing stage and cost tearing down stage. From chapter four to chapter five, writer discusses the influences that activity-based management has on customer's value and investor's value, and then constructs mathematical equilibrium model based on ABC in chapter six.In chapter seven, writer supplies a prospect for VBM basing on ABC, stating how to realize ABM from corporate internal value chain to value chain basing on supply chain.Writer decides the influence extent that resource and activity has on corporate value by qualitative analysis and quantitative analysis to construct best mathematics value model, implementing target programming and value optimization analysis with the knowledge of Operational Research, Management Economy and Econometrics.After analysis, writer gets to the outcome: ABM and VBM actually influence with each other. VBM is an important part and a core approach for modern corporate finance; it is also the essence of financial activity. To improve ABM can produce more EVA for enterprises, so thus to create more value for corporation. To administrate with both ABM and VBM in value chain net will effectively improve corporate operation efficiency, then help enterprises attain maximized profit with lowest cost, and gain the ultimate aim of adding value. The thesis gains following achievements after research:a. Analyze corporate value theory from angle of cost;b. Combine ABC and ABM; discuss corporate three-dimension-value module basing on ABC;c. Discuss the critical function that ABM devotes to improving corporate value;d. Construct mathematical model for corporate value basing on ABC according to enterprise's existing situation.