Traditional Costing and ABM Producer : Intellexis plc Price : £50.00
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Duration : Approx. 1 hours.
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Overview :
Traditional Costing and ABM provides an overview of how traditional costing systems can present a barrier to continuous improvement, and how an ABM approach can help to overcome this. The course demonstrates the importance of an accurate costing system, identifies the shortcomings of traditional costing systems and examines how an ABM approach can lead to more accurate costing information.
Traditional Costing and ABM is aimed at managers, prospective managers, and anyone else within an organisation involved in making business decisions.
The prerequisites to this course are:
1. Financial Fundamentals
- Introduction to Financial Statements
- Profit and Loss Account
- Balance Sheet
- Cash Flow
- Costing Decisions
2. Operational Analysis
- Introduction to Financial Analysis
- Investment Appraisal
- Profit Margin
- Asset Turnover
- Return on Capital Employed
3. Strategic Analysis
- Return on Equity
- Dividends and Growth
- Introduction to Activity Based Costing
- Introduction to Shareholder Value
Learn To :
Traditional Costing and ABM aims to give the learner an overview of how traditional costing systems can present a barrier to continuous improvement, and how an ABM approach can help to overcome this.
The topics covered by Traditional Costing and ABM include:-
- Traditional costing systems
- Weakness of traditional support systems
- Traditional costing versus ABM
- ABM case study
Objectives :
After taking Traditional Costing and ABM, the student will be able to:
- Understand the importance and value of an accurate costing system
- Understand five areas in which traditional management support practices present a barrier to continuous improvement
- Identify the shortcomings of a traditional costing system
- See how an ABM approach can lead to more accurate costing information
- Appreciate the benefits of moving to an ABM system
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