Course Description
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CreditsCPE Credits: 6 Course AvailabilityClick on Course Offerings to Register |
Course Agenda
Module 1
Introduction to Activity-Based Costing and Management (ABC/M)
- Understand the role of effective cost management in government today
- Evaluate how activity-based costing directly supports cost management
- Align cost management to the overall objectives of your organization
Module 2
Implement an Activity-Based Costing (ABC) System
- Evaluate the best circumstances for ABC/M
- Examine the ideal environment for implementing ABC/M
- Canvas different strategies for effectively implementing ABC/M
Module 3
Adopt a Framework for Cost Measurement and Allocation and Analyze Cost Drivers
- Define cost measurement’s role in the costing process
- Specify cost measurement objectives, activities and drivers and choose the correct cost driver
- Examine a level-of-effort analysis and overhead
Module 4
Apply ABC/M in Government
- Effectively utilize the tools and techniques you have learned and apply them to a real life case study
- Apply all the ABC/M principles you learned from collecting and reporting ABC/M information to avoid common costing pitfalls
Module 5
Assess Performance Measure Controls
- Identify input, process and review controls
- Develop a high-level fl owchart to determine whether sufficient measure controls exist
- Walk away with a solid understanding of how you can apply ABC/M in your agency
Module 6
The Way Ahead: Adapting your Organization to ABC/M
- Identify inefficient products, departments and activities
- Allocate more resources on profi table products, departments and activities
- Control the cost at individual level and on departmental level