Activity Based Costing

Stehle Associates
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online/Live | On-site/In-house | Blended | Self-paced

Course Description:

'' Activity Based Costing is a key component in any programme of business change and development. Activity Based Costing (ABC) takes business analysts into the realms of costs and the value generated by the processes that constitute the business model. The course examines the different levels of process cost maturity found in business, and the gap that exists between the classic accounting based models and those required for optimising processes, developing products and services and leveraging the resources employed.

Who should attend:

This course is for anyone who needs to be able to determine the cost of activity in the business or organisation. It is suitable for business analysts and anyone leading a project to introduce change. The course is not suitable for those with strong accounting knowledge and experience.

Prerequisites:

No knowledge of accounting or financial modelling is required.

What you will learn:

On successful completion of the course, attendees will be able to:

Describe business processes
Identify the resources used by a process and their rates of consumption
Distinguish types of cost
Apply Activity Based Costing
What you will cover:

Understanding Business Processes - What business processes are; how to describe a business process; distinguishing efficiency and effectiveness; measuring defects, cycle time, throughput, waste and yield
Resource Usage and Consumption - The role of the ’processor’ in the consumption of resources; units of measure, rate of consumption and typical initiators for the processes concerned
Costing Systems - types of cost - fixed, variable and overhead; accounting based, cost / profit centre based, and activity based systems; activity based costing and activity based management
Activity Based Costing - How to determine the cost of a business process; cost drivers; the profit and benefit generated by the process; determining the cost of sustaining customer and product revenues; unit, batch, and channel sustaining expenditure
...''

Elements of this syllabus are subject to change.

Phone:+44 (0)20 7917 9943

School Address/Venue(s):

Stehle Associates
212 Piccadilly
London W1J 9HG United Kingdom

Jobs & Resumes: London
Houses & Roommates: London
Travel Agencies: London

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