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Contemporary Cost Concepts: Understanding Activity-Based Costing


Total Credits: 2 including 2 Accounting - Technical

Average Rating:
   2
Categories:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
John L. Daly, MBA, CPA, CMA, CPIM
Course Levels:
Intermediate
Duration:
2 Hours
License:

Dates


Description

Bad cost analysis leads to bad decision making. While traditional cost accounting does an adequate job of costing average products, traditional techniques can be disastrously inaccurate when trying to understand products that are high volume, low volume, complex, easy or use an atypical combination of the company's resources. In this session, John L. Daly will explain activity-based costing and why it gives your company a competitive advantage.

Basic Course Information

Learning Objectives

*Learn why similar products may have dissimilar costs

*Understand why arbitrary overhead allocation methods can be off by a mile

*Know how to accurately assign overhead costs

*Learn how a cost flow diagram works

*Discover why activity-based costing is easier than it used to be


Major Subjects

*Activity-Based Costing

*Cost Analysis


Course Materials

Faculty

John L. Daly, MBA, CPA, CMA, CPIM's Profile

John L. Daly, MBA, CPA, CMA, CPIM Related Seminars and Products


John L. Daly, MBA, CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development.  He has taught continuing professional education courses since 1995 and began doing ethics seminars two weeks before the Enron scandal.  John has been CFO for a Tier 1 automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer.  He is the author of "Pricing for Profitability", published by Wiley and Sons and a novel, "Tool & Die".


Additional Info

Basic Course Information

Advanced Preparation None
Course Developer Executive Education, Inc
Designed For Corporate Financial Managers
Prerequisites None

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Instructional Delivery Method Group Internet Based
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


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Overall:      4.5

Total Reviews: 2