Description: This course 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.
Learning 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
Program Content:
- ABC versus traditional costing
- First-stage allocation
- Determining predetermined overhead rates
- Second-stage allocation
- Activity-based reporting
- Activity-based management
Who should attend: 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.
Program Level: Intermediate
Developed By: Dr. Christopher J. Harper, CPA, MBA
CPE Credit: 2.5
Field of Study: Accounting
Prerequisites: Basic working knowledge of financial statements and business processes.
Advanced Preparation: None
Dr. Christopher Harper, CPA, MBA
Chris is a CPA with the heart of a teacher. He is a assistant professor of accounting with Grand Valley State University’s Seidman College of Business. He also serves as a senior manager and director of education for Hungerford CPAs + Advisors. Chris has been serving tax and accounting needs of closely held business and individuals since 1998.
Only registered attendees have access to the course materials