Developing and Implementing an Activity-Based Costing System
4.9 (17 ratings)
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Developing and Implementing an Activity-Based Costing System

Learn to Create, Develop, Implement, Maintain and Sustain an Effective ABC Costing System and Activity-Based Management
4.9 (17 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
264 students enrolled
Last updated 6/2016
English
Current price: $10 Original price: $160 Discount: 94% off
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Includes:
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • You will understand and be able to apply the Six Essential Steps in Designing an ABC System.
  • You will learn how to develop and ABC system database and integrate it to the existing ERP system.
  • You will have the ability to Perform a Process Value Analysis – the base for responsibility accounting.
  • You will understand the Financial Measures of Activity Efficiency and indicate the potential and actual savings.
  • You will be able to implement and Activity-Based Management System.
  • You will understand the four essential elements of Responsibility Accounting and how to develop and implement a Responsibility Accounting System.
View Curriculum
Requirements
  • Some basic financial terminology.
Description

Activity-based cost management systems have evolved in response to significant changes in the competitive business environment faced by both service and manufacturing firms. The overall objective of an activity-based cost management system is to improve the quality, content, relevance, and timing of cost information. Generally, more managerial objectives can be met with an activity-based system than with a functional-based system.

An activity-based cost accounting system emphasises tracing over allocation. The role of driver tracing is significantly expanded by identifying drivers unrelated to the volume of product produced (called non-unit-based activity drivers). The use of both unit- and non-unit-based activity drivers increases the accuracy of cost assignments and the overall quality and relevance of cost information. A cost accounting system that uses both unit- and non-unit-based activity drivers to assign costs to cost objects is called an activity-based cost (ABC) system.

Activity-based management is the heart and soul of a contemporary operational control system. Activity-based management (ABM) focuses on the management of activities with the objective of improving the value received by the customer and the profit received by the company in providing this value. It includes driver analysis, activity analysis, and performance evaluation and draws on ABC as a major source of information.

By completing this course you will be able to create, develop, implement, maintain and sustain an effective ABC system and Activity-Based Management in order to improve your product/service costing accuracy, support decisions about pricing, add or delete items from the product portfolio, choose between outsourcing and in-house production, and evaluate process improvement initiatives.

Who is the target audience?
  • The course is suitable for a broad audience that includes business owners responsible for improving their business processes, business professionals working on the development or implementation of cost management projects with a company-wide/process focus, and students who need practical experience with ABC concepts.
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Curriculum For This Course
18 Lectures
01:56:23
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Developing and Implementing an Activity-Based Costing System
18 Lectures 01:56:23

ABC Costing Model – Steps
01:45

Designing ABC Costing System: Step 1
09:18

Designing ABC Costing System: Step 2
06:25

Designing ABC Costing System: Steps 3 – 6
08:49

Reducing the Size and Complexity of an ABC System – Method 1
05:58

Reducing the Size and Complexity of an ABC System – Method 2
06:45

ABC System Concepts
11:32

ABC Costing and Activity-Based Management
02:28

Process Value Analysis
13:02


Financial Measures of Activity Efficiency – Part 2
10:16

Financial Measures of Activity Efficiency – Part 3
04:06

Financial Measures of Activity Efficiency – Part 4
05:20

Implementing Activity-Based Management
07:40

Responsibility Accounting – Part 1
05:57

Responsibility Accounting – Part 2
05:43

Course Quiz Questions
12 questions

Course Closure
00:55
About the Instructor
Operational Excellence Training
4.2 Average rating
954 Reviews
6,306 Students
19 Courses
Top Experts in Industrial Management

About Us

Operational Excellence Training is a leading provider of high-quality courses and programs related to Industrial Management, Health and Safety at Work, Transportation, Supply Chain Operations, Manufacturing and Warehouse Management.

Our Expertise

Currently, our team includes 5 instructors with expertise in manufacturing, logistics, operations, and services. All the instructors are international-level experts, having 15+ years of practice and Master’s Degree in their relevant field.

Among other professional recognitions, our instructors are members of APICS (Association for Supply Chain and Operations Management), Certified Supply Chain Professionals (CSCP), Certified Lean Six Sigma Black Belts (Acuity Institute) and Certified in Sales and Operations Planning (S&OP Institute).

Our Mission

Our mission is simple: we aim to provide an interactive and engaging learning experience for professionals all around the globe and help them understand and adapt to the requirements of modern management.

The courses we create are structured in a step-by-step manner and contain up-to-date content and comprehensive resources that get our students to the next level.

Get in touch!

If you're one of our students and you want to ask us a question, you can always post a discussion item to one of our courses. We will be more than happy to answer your queries and respond to your needs.