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The Simple Analytics of Matrix Accounting, Activity‐Based Costing, and Linear Programming
Author(s) -
Hughes Melvin
Publication year - 2016
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22139
Subject(s) - activity based costing , accounting , management accounting , analytics , mainstream , matrix (chemical analysis) , linear programming , accreditation , computer science , cost accounting , business , economics , data science , chemistry , algorithm , political science , chromatography , law , economic growth
In the 1960s, accounting scholars researched matrix accounting and linear programming. The accounting profession didn't incorporate the research into mainstream accounting. This is probably because the research was too abstract and showed no immediate use. Indeed, I built the present model from the ground up. The material was classroom tested for 6 years at an Association to Advance Collegiate Schools of Business (AACSB) accredited business school. The material was well received because students could use a company's existing activity‐based costing system to build a linear programming problem. © 2016 Wiley Periodicals, Inc.