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Title: Activity based costing at BOV plc. : evaluation of the post-implementation
Authors: Vella, Clive (2006)
Keywords: Accounting -- Malta
Banks and banking -- Malta
Activity-based costing -- Malta
Issue Date: 2006
Citation: Vella, C. (2006). Activity based costing at BOV plc. : evaluation of the post-implementation (Bachelor's dissertation).
Abstract: In such a competitive environment, the need to know the individual costs of products and services and to determine which of them are profitable, or at least make a contribution to overhead costs and ultimate profitability, is vital. Activity Based Costing (ABC) gives valid information to financial institutions for decision making by allocating costs according to the resources consumed. This study intends to portray the applicability of ABC in financial institutions and evaluates the various aspects of the ABC system which has been implemented at Bank of Valletta (BOV) in the last couple of years. The study will discuss if BOV's objectives were achieved by implementing ABC and addresses the new opportunities given to BOV by ABC. The results of the ABC system will be further evaluated to discover how they can be used for Strategic value management, Product costing and profitability, Customer profitability and Activity-Based Management. In depth open-ended interviews with key personnel related to the ABC system at BOV was used for the collection of data. The study concludes that the implementation process of ABC at BOV was very successful and it enriched the management of the bank with valuable information regarding the costs of activities, products, customers and distribution channels. This ABI was and is being used to keep the bank profitable while always offering the highest possible quality service and products to their customers.
Description: B.ACCTY.(HONS)
Appears in Collections:Dissertations - FacEma - 1971-2008
Dissertations - FacEMAAcc - 1983-2008

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