Course Objectives
- Understand the Role of Effective Cost Management in Government Today
- Examine the Ideal Environment for Implementing Activity-Based Costing/Management (ABC/M)
- Understand the Four Step Process for Performing ABC/M in Your Agency
The ABC/M Cross
Course Overview
- Analyze the Benefits and Drawbacks of Implementing ABC/M in Your Agency
- Align Cost Management to the Overall Objectives of Your Organization
- Learn the Circumstances under which ABC/M Should be Implemented
- Canvas Different Strategies for Effectively Implementing ABC/M
- Identify Activities – Analyze Operating Processes for Each Activity
- Assign Resource Cost to Activities- Direct, Indirect, and General Costs
- Identify Outputs- Products, Customers, and Services
- Assign Activity Costs to Outputs
CPE Credits: 12
Course Level: Beginner
Field of Study: Financial Management
Format: Lecture, group discussion and class exercises