Question below.

Your boss, the vice president of corporate accounting, has just returned from a two week seminar in Maui on activity based cost accounting. He says he wants to completely overhaul the companys existing absorbtion-based accounting system. "Accounting -based costing is the wave of the future and will allow us to make better product-line decisions and therefore be more compettitve in the marketplace". he asserts.

He wants you to star implementation immediatley, but he would like your comments before you begin. How do you respond?