The Role of Activity-Based Costing (ABC) in Enhancing Cost Management and Achieving Operational Efficiency
Hassan, Wasan Talib
International Journal of Finance & Banking Studies · 2026 · Vol. / Issue · 41-50
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Abstract
This study aims to identify the activity-based costing (ABC) method and demonstrate its importance in enhancing cost management and achieving operational efficiency from the respondents' perspective. The study problem is that multi-product industrial companies in Iraq suffer from shortcomings in the traditional costing systems used to calculate product costs, which do not accurately reflect the actual costs of products, thus affecting cost management. The importance of this study is demonstrated by highlighting the activity-based costing (ABC) method as a strategic tool to address the challenges that hinder achieving efficiency in cost management. The researcher followed a descriptive analytical approach that combines the theoretical and applied aspects. To address the analytical aspects of the research topic, an electronic questionnaire was distributed to 100 individuals, including financial managers and cost accountants working in multi-product industrial companies in Iraq. 87 valid questionnaires were used for statistical analysis. Through this, the researcher concluded that applying the activity-based costing method in these companies as an alternative to traditional methods helps management in accurately determining administrative decisions regarding cost reduction, improving control over costs, and pricing policies in order to maintain a competitive position in the market and achieve effective cost management and ensure good performance.
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Hassan, Wasan Talib
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