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2024 Is Activity-Based Costing the Right Tool for Your Organization?

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TBD

2.0 Credits

Member Price $79

Non-Member Price $79

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.

Highlights

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

Prerequisites

Basic working knowledge of financial statements and business processes

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

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

Preparation

None

Non-Member Price $79

Member Price $79