Activity based costing made easy

Overview:

There is nothing difficult or mystical about Activity Based Costing - on the contrary, it is based on simple, common sense concepts and practical methods. It seeks to drive much greater cost understanding across all of an organisation’s operations, enabling management to take smarter decisions driving real business benefits through to the bottom line. Yet many who tried lost focus, introducing impractical complexity along with time and cost, into implementations - making them largely unworkable and unsustainable. This course gets back to the basics of ABC principles and demonstrates how it can be practically adopted with a minimum of pain and fuss

Learning Outcomes:

On completion of this course, participants will have a greater understanding of:

  • What drives the need for ABC - the world of growing overhead
  • Understanding the simple principles of ABC - KISS, keep it simple stupid
  • Implementation made easy - a framework for successful implementation along with practical tips and methods
  • How ABC changes our view of costs and profit, paving the way for different management thinking

Authored by: John McKenzie

John McKenzie has over 20 years’ experience during which he has undertaken ABC/M implementation work at a range of companies including Halifax Plc, British Airways, Seeboard Electricity, London Electricity, British Gas, ADNOC (Abu Dhabi National Oil Company), Sharwoods, Vauxhall Motors, IBC Vehicles, MATAV(Hungarian Telecom), Glasgow City Council, Royal Sun Alliance, NatWest, and Unilever International. His book ABC/M to the Max was published in 2008.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price (excludes VAT): £50.00