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

Friday, November 22, 2024
Webcast or Webinar, Online
5:00 PM - 7:00 PM (opens at 4:30 PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

CPE PowerPass Users

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC103068
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting

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.

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

Major Topics:

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

Major Topics:

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

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

Prerequisites:

Basic working knowledge of financial statements and business processes