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Cost allocation, management accounting implementation to improve performance management in bank for investment and development of Vietnam (BIDV)

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10.10.2023

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The essay discusses the implementation of management accounting, cost allocation, and finance transformation in BIDV. It highlights the importance of reliable and timely cost and profit information for decision-making. The management accounting methodologies and multi-dimensional profitability analysis (MPA) system are presented. BIDV’s approach includes top-down cost allocation and a focus on efficiency and effectiveness. The essay emphasizes the role of finance business partners (FBPs) in supporting business decisions.
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Cost allocation, management accounting implementation to improve performance management in bank for investment and development of Vietnam (BIDV)

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