| Comprehensive
Approach to Activity Based Costing
Benefits and Added Value
In today's business environment, a number of current
cost management issues are causing a revolution in cost management.
Globalization is the main issue that initiated this revolution.
As a result of globalization, pricing has become the main issue.
Pricing has become very competitive. Companies realize that if they
do not know how much their products cost and why they cost that
much, they cannot compete. Therefore, they must find ways to answer
the following questions:
- What do products cost to produce?
- Why do they cost that much?
- What can we do about it?
The objective of this course is to provide an introduction to the
new cost management principles and a high-level framework for implementation
of these principals. A Comprehensive Approach to Activity Based
Costing (ABC) would be presented.
Structure
This program will be conducted over five sessions, five
hours per session, i.e. 25 hours. It will cover the following topics
and issues:
- Cost allocation methods
- Introduction to activity-based costing (ABC)
- The role of activity based costing in integrated frameworks
for performance measurement (Balanced Scorecard)
- Accuracy of cost estimation and analysis with ABC
- Building effective ABC
- Cases on developing and managing ABC systems
Target Participants
This program is targeting the current senior executives
in production and finance departments in different industries, in
order to engage them in a brainstorming experience about A Comprehensive
Approach to Activity Based Costing.
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