Activity Based Costing / Activity Based Management Series

Activity-Based Costing (ABC) is a methodology in which activities are the primary objects in calculating the cost of products and services. ABC data provide companies with the insights to perform Activity-Based Management (ABM), which are managerial actions, needed to achieve value for both customers and shareholders.

Activity Based Costing (ABC) is a managerial accounting system which determines the cost of activities without distortion and provides management with relevant and timely information. The traditional costing methods prove to be inadequate if not dysfunctional and misleading.

This seminar aims to help you understand, implement and use Activity-Based Costing (ABC) and Activity-Based Management (ABM). It will take participants through the steps of a structured methodology used by many corporations to implement ABC and ABM. Participants will also learn how to build ABC models and to use these models for managing resources, costs, process, profitability and performance.

If you have heard of the concepts of Activity-Based Costing and Activity-Based Management, but still question and speculate how to implement them, then the following programs can provide you with the solutions!

If you do not know anything about ABC or ABM, the programs will provide you with the knowledge, and why companies around the world are adopting this tool for better performance.

You will Learn:

• Concept of activity-based costing / activity-based management
  
  
• Why your current cost information is unreliable
  
  
• How to determine true costs of your business
  
  
• How to identify factors that drive costs
  
  
• To evaluate the benefit of ABC / ABM
  
  
• The integration of TQM, JIT, BPR, EVA and ABM for better business performance
  
  
• How to use ABM to streamline processes, reduce overheads and create value
  
  
• How to design and model an ABC / ABM system
  
  
• Overcome misconceptions, fears and barriers
  
  
• How to succeed at implementing ABC / ABM

1. What is Activity-Based Costing?

• Look MA, What’s the Use?
  
• Overhead Kills
  
• Relevance Lost
  
• Why Activities?
  
• Is Tradition Wrong?
  
• The 3rd (Necessary) Stage
  
• Benefits of ABC

• CAM – I Have The Cross?
  
• Resources or Costs?
  
• The Verb Word
  
• What Are COs?
  
• Change Drivers

• A New Philosophy
  
• ABC Relationship to ABM
  
• Unifying Management Tools
  
• Focus of ABM
  
• Benefits of ABM
  
• ABM and Balanced Scorecard

• Building an ABC Model
  
• Mining the ABC Database
  
• Case Studies – AMD, Boeing, Coca-Cola
  
• Why Use Modeling Software?
  
• Demonstration of an ABC software

• Not Just for Manufacturing
  
• The Need for Change
  
• Overcoming Barriers
  
• Success Stories
  
• Insights Into Implementation
  
• The Next Step

• The concepts of ABC/ABM
  
• Better management decisions with ABC/M
  
• Components of ABC/M system
  
• Approach to implementing ABC/M system
  
• 7-steps structured methodology
  
• Secrets of successful ABM implementations
  
• Case studies of ABC/M companies
  
• How to build ABC models
  
• How to use ABC software
  
• How to overcome misconceptions, fears and barriers
  
• How to manage ABC/M projects
  
• How ABM is used to streamline processes, reduce overheads and create value