You are recently employed as a graduate consultant in a management consultancy firm. One of your firms clients is currently evaluating its budgeting system. The CEO of your client had recently attended a seminar on Time-Driven Activity-Based Costing (TDABC) in private organizations and would like to know whether the TDABC is suitable for the company. Your manager has asked you to prepare a report for the client.

Questions:

1) A description of your firms client and what functions or activity are there in business?

2) A description of the TDABC and its features 4-5 features

3) In what ways TDABC is different from Activity-Based Costing 3-4 difference.

4) Difference between traditional costing systems and TDABC 3-4 difference