Activity Based Costing

Type: Class lecture and interactive discussion

Duration:
Total Hours: 8
Length of Sessions: 2 – 4 hour sessions or 1 – 8 hour session

Target Audience:

The audience for this seminar is any operations or financial personnel involved with or responsible for the management accounting system, that is, the system that provides financial information used to run the business. In addition, anyone responsible for product costing, financial analysis and process improvement would be helped. A small business entrepreneur could also benefit from this seminar. CPAs in public accounting who have clients with product costing and internal financial measurement issues would also benefit from this seminar.

Summary of Content:

Why is Activity Based Costing needed

What is Activity Based Costing

Activity Based Costing implementation methodologies

Case Study – Small Manufacturing Company

Case Study – Large Financial Organization – Specialized Cost Center

Case Study – Fortune 500 High Tech Manufacturing Company

Objectives and Benefits:

At the completion of this seminar the participants will:

Have a clear understanding of what Activity Based Costing is and how it can be applied in various situations

Know that ABC can apply to any size and type of company, both in total and to various departments

Be aware of various methodologies that can be used to implement ABC models

Originator: Jim Tarr