Description

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.

Presented by Chris Harper, CPA

Target Audience

Accountants who have not recently considered ABC but want to revisit the cost-benefit prospects of ABC for potential utilization for their clients or their employing organization.

Course 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

Subjects

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

Prerequisites

Basic working knowledge of financial statements and business processes