Overview
This session provides a refresher regarding the fundamentals of activity-based costing (ABC). We will examine theoretical concepts before exploring practical possibilities for implementing ABC. A major focus of the course will be factors to consider when determining whether this managerial accounting tool is an appropriate resource for an organization. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Prerequisites
Basic working knowledge of financial statements and business processes
Objectives
After attending this session, you will be able to...
- Revisit the fundamental underpinnings of ABC
- Understand what types of business entities may benefit from ABC
- Appreciate potential benefits of ABC
- Recognize limitations of ABC
Highlights
The major topics covered in this course include:
- ABC versus traditional costing
- First-stage allocation
- Determining predetermined overhead rates
- Second-stage allocation
- Activity-based reporting
- Activity-based management
