Building an Effective Cost Management System with Activity Based Costing 2013

Key Topics

• A brief history of cost accounting and its relationship to management accounting and financial accounting
• The role of accurate cost in maximizing organizational value
• ABC as part of a cost accounting system, vs. use of ABC an offline analytical tool
• A comparison of ABC vs. traditional cost accounting in meeting the needs for business decision making
• Use of ABC for understanding cost and performance drivers
• Principles in implementing ABC
• Combining ABC with performance management to prioritize and evaluate improvement opportunities

Who should Attend

• Staff with decision-making responsibilities that require a balancing of performance, cost and risk
• All executives and managers with P&L responsibility
• Internal Auditors
• Financial officers/managers