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IntroductionCost accounting can be defined as evaluating data relating to cost in order for management to regulate actions and strategize for the future (Vanderbeck, E., 2013). Financial information is crucial in order for an organization to manage its expenses and for budgeting reasons. in that location are a few types of cost accounting that an organization can use in order to analyze financial information. Each method is anomalous and considers different variables when analyzing monetary data. It is dependent on the leaders of the organization to determine what cost accounting system would be best suited for their financial operations. Although there are numerous of methods for cost, this paper will particularly concentrate on activity based cost within the wellnesscare field.Activity based costing within a healthcare systemAs mentioned earlier, costing systems vary and use different variables when determining or analyzing monetary information. Activity based costing (als o known as ABC) as defined by Gapenski (2012) identifies the different steps necessary to produce a good or service, approximates and totals the costs of those steps. It is an upstream set about and recognizes all cost drivers (steps, procedures) within the organization into creating that product or service (Gapenski, L.C., 2012). One might ask, well how can this system be significant to a healthcare facility? There are actually numerous activities that go on when a person decides to visit his/her physician or during emergency health situations. Lets take an emergency situation for example. A football player receives a helmet to helmet hit, loses consciousness and has to be carted off the field. He is then interpreted by the ambulance to the nearest hospital w... ...is data can be signified as if the organization were to consider saving more money by diminution staff numbers, they would be able to do so without compromising quality.ConclusionAs mentioned earlier, costing sy stems vary and consider different factors when evaluating financial information. It is vital for administer personnel and leaders to consider which costing system would best suit the organizations needs. The activity based method is an effective tool when employ halally. further of course, all tools have their highs and lows. The ABC method can project a more accurate tale of the organizations financial strengths and weaknesses. But keep in mind, it requires a significant amount of time and each cost driver is to be carefully considered. Regardless of the costing system used, proper analysis of financial data is crucial to the future of the organization.