There is nothing difficult or mystical about Activity Based Costing - on the contrary, it is based on simple, common sense concepts and practical methods. It seeks to drive much greater cost understanding across all of an organisation’s operations, enabling management to take smarter decisions driving real business benefits through to the bottom line. Yet many who tried lost focus, introducing impractical complexity along with time and cost, into implementations - making them largely unworkable and unsustainable. This course gets back to the basics of ABC principles and demonstrates how it can be practically adopted with a minimum of pain and fuss.
- Identify what drives the need for ABC
- Describe the simple principles of ABC
- Define a framework for successful implementation along with practical tips and methods
- Recognize how ABC changes the view of costs and profit, paving the way for different management thinking.