2024 Is Activity-Based Costing the Right Tool for Your Organization?

Overview

This session provides a refresher regarding the fundamentals of activity-based costing (ABC). We will examine theoretical concepts before exploring practical possibilities for implementing ABC. A major focus of the course will be factors to consider when determining whether this managerial accounting tool is an appropriate resource for an organization.

Highlights

• ABC versus traditional costing
• First-stage allocation
• Determining predetermined overhead rates
• Second-stage allocation
• Activity-based reporting

Prerequisites

Basic working knowledge of financial statements and business processes

Designed For

Accountants who have not recently considered ABC but want to revisit the cost-benefit prospects of ABC for potential utilization for their clients or their employing organization

Objectives

• Revisit the fundamental underpinnings of ABC
• Understand what types of business entities may benefit from ABC
• Appreciate potential benefits of ABC
• Recognize limitations of ABC

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.