2024 Is Activity-Based Costing the Right Tool for Your Organization?
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Virtual
2.00 Credits
Member Price $79.00
Non-Member Price $109.00
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 $109.00
Member Price $79.00