Cancelled: It Cost What! A Practical Approach to Implementing Activity Based Costing (173029-12)
Description
For the financial executive, coming to grips with the challenges of
business and profitability have never been greater. However, traditional
costing systems provide only minimal guidance to the financial and
accounting professionals to assist in improving profitability. This
course provides a step-by-step approach of how to effectively implement
Activity Based Costing to improve profitability by converting existing
GAAP statements to Activity Based Costing Statements. (Available in 4 or
8-hour format)
Learning Objectives
Understand the
principles of Activity Based Costing
Identify cost drivers in the
business model
Recognize the link between activity based costing and
lean operations
Implement a step-by-step conversion method to convert
from standard GAAP statements to Activity Based Costing Systems
Develop an income statement based upon activities
Develop a balance
sheet based upon activities
Identify segment profitability
Identify
costs not allocated to any business segment for analysis and review
Identify the cost of capital and cost gap associated with each business
Make logical business decisions with accurate segment information in
an unstable economic climate
Major Topics
Develop an understanding of Activity Based Costing for decision making
Develop an accurate conversion model from existing statements to
decision based financials
Develop cost gaps for management action for
each business segment
Develop a process to accurately make financial
decisions
