As the tourism is important industry in Hong Kong, more and more travel organizations use different marketing strategies to attract vacationers. These travel businesses have like Hong Thai travel and Smart Vacation. Hong Thai Travel is a large organization. It is proven in 1966, and now has several thousand employees. Alternatively, Smart Holiday break is a small organization. It really is proven in 2007, it has been only 2 yrs since it proven. They can be existence together through use different marketing strategies. In this particular proposal, I'll compare Hong Thai travel and Smart Holiday can be living reasons together.
Traditional priced at systems had been used for many years by organizations to make important decisions and there isn't much change in the management accounting techniques since the 1920'. In the book publicized by Johnson and Kaplan in 1987, they stated that from 1920 to the middle 1980's, there have been no new development in general management accounting techniques and figured the original costing were less satisfactory in reporting the correct cost allocation. Because of many criticisms towards traditional costing system, the development of Activity Based Costing has been brought up. This record analyses the introduction of the techniques of Activity Established Costing, Budgeting and Management from the first 1990's to the present day.
Development of Activity Based Costing and its Evolution