School of Business publications portal
This portal is no longer updated. Aalto University School of Business Master's Theses are now in the Aaltodoc publication archive (Aalto University institutional repository)
School of Business | Department of Accounting and Finance | Accounting | 2009
Thesis number: 12113
Development of cost accounting in a service business network
Author: Laaksonen, Mikko
Title: Development of cost accounting in a service business network
Year: 2009  Language: eng
Department: Department of Accounting and Finance
Academic subject: Accounting
Index terms: laskentatoimi; accounting; kustannuslaskenta; cost accounting; palvelut; service; verkostot; networks
Pages: 72
Key terms: cost accounting; network; open book accounting; cost efficiency
Abstract:
Research objectives The main objective of the research was to analyze how cost accounting within a service business network has developed during the recent years. Secondly this study aimed to provide further evidence how open book accounting has been linked to the development of cost accounting and how it contributes to the relationship building within network.

Sources Theoretical part of the research comprises on broad range of academic journals, articles and books related to the subject. Empirical data, on the other hand, was gathered through interviewes conducted at the case network and material and other documentation received from the case company.

Research method The empirical part of the research was conducted with structured theme interviews. Interviews were written down, analyzed and combined with other gathered empirical data and documents. The empirical evidence was then reflected to the theoretical part and earlier research and constructed a broad picture of the development of cost accounting.

Results The study results show that cost accounting within service business has been mostly transferred to suppliers’ responsibility. Based on the evidence, the shift has been enabled by defined KPIs and open book accounting. The role of open book accounting has been seen changing more towards control tool and having a clear assisting effect in achieving cost reduction targets and improving the efficiency. Open book accounting, in addition, facilitates succesfull partnership formation and forms a platform for trust.
Master's theses are stored at Learning Centre in Otaniemi.