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Assigning manufacturing costs7 mins
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How costs are treated under activity-based costing14 mins
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Designing an ABC system22 mins
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Assign costs to activity cost pools30 mins
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Product margins41 mins
Published: November, 2021
Today an emerging focus is to become a “learning organization.” Unlike traditional accounting reports to which managers react by being happy or sad, ABC data makes them smarter!
Critics have claimed that traditional managerial accounting is at best useless and at worst dysfunctional and misleading. Today’s general ledger and budgeted spending systems support departmental and “stovepipe” managerial philosophies.
In contrast, activity-based costing (ABC) information supports process-based thinking. ABC is a key component of the increasingly popular enterprise and corporate performance management (EPM/CPM) systems.
Activity-based costing (ABC) is mostly used in the manufacturing industry since it enhances the reliability of cost data, hence producing nearly true costs and better classifying the costs incurred by the company during its production process.
ABC is used to get a better grasp on costs, allowing companies to form a more appropriate pricing strategy.
The ABC calculation is as follows:
In this CPE Webinar on costing, we will take you through the practical aspects of each step one by one.
Major topics covered in this online CPE course:
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He is also on his Entrepreneurial journey and founded https://ehotelmanagementschool.com for sharing knowledge and experience via online classes and sessions. Startup also help small hotels and other startups with finance and management consulting.
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12 Ratings
DF
Dec 12th, 2021
Overall good aBC background
MF
May 15th, 2022
I had a very difficult time understanding what the instructor was saying. He had an accent and on top of that spoke very fast, so it was extremely frustrating.
1 Credit
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