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- Title
Reducing Costs by Applying Activity-Based Costing System and the Possibility of the Application in the Banking Sector: An Empirical Study on the Housing Bank for Trade and Finance.
- Authors
Areiqat, Ahmad Yousef; Al- Saffar, Hasan Jameel
- Abstract
This study aims at exploring the possibility of applying the Activity-Based Costing in the banks through a Case study of the Housing Bank for Trade and Finance. The related data was collected from the relevant literature, and the annual report of the Housing Bank for the year 2013. The researchers relied on the Bank's income statement analysis for the year 2013, which showed that the bank allocates all the operation costs to the income summary account according to the traditional costing system. The results showed that the Bank is still applying the traditional costing system, notwithstanding the fact that the ABC system can provide the Bank with many benefits such as reducing operational costs, accurate computing of customers cost, and increasing the Bank Profitability.
- Subjects
BANKING industry; HOUSING Bank for Trade &; Finance (Company); OPERATING costs; FINANCIAL statements; TREND analysis in business; MANAGEMENT
- Publication
Al-Balqa Journal for Research & Studies, 2016, Vol 19, Issue 2, p1
- ISSN
1684-0615
- Publication type
Article