Management Series - Know Cost Accounting - Activity Based Costing and Activity Based Management
Management accounting
Updated on Sep, 2023
Language - English
Course Description
Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore this model assigns more indirect costs (overhead) into direct costs compared to conventional costing
Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs, using activity-based costing to carry out a value chain analysis or a re-engineering initiative to improve strategic and operational decisions in an organization.
Goals
What will you learn in this course:
- Be able to understand activity based costing
- Appreciate the management of activities is the new management approach
- Understand value added and non value added activities
- Learn about cost pools
- Learn about cost drivers
- be able to develop activity based overhead rates
Prerequisites
What are the prerequisites for this course?
- Knowledge oh Financial Accounting
- Knowledge of Excel
- Knowledge of Job Costing
Curriculum
Check out the detailed breakdown of what’s inside the course
Know Manufacturing Costs
1 Lectures
-
Manufacturing Costs
14:02
14:02
Section 2 - Activity Based Costing
1 Lectures
Section 3 - Activity Based Management
1 Lectures
:Case Problem on Activity Based Management
1 Lectures
Case Problem on Activity Based Costing
1 Lectures
Instructor Details
Dr. John McLellan
Dr JohnI am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.
I achieved my Certified Management Accountant Designation 40 years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting.
I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you - a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an "A" from me I guarantee you will get an "A" from your accounting prof.
For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.
For CMA Candidates, I have courses to prepare you to successfully pass their Certified Management Accounting Exams offered by Institute of Management Accountants.
Dr. John
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