Is Activity-Based Costing the Right Tool for Your Organization?

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.

Highlights

	
• ABC versus traditional costing
	
• First-stage allocation
	
• Determining predetermined overhead rates
	
• Second-stage allocation
	
• Activity-based reporting
	
• Activity-based management

Objectives

	
• 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

Designed For

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