ACTIVITY BASED COSTING Business Knowledge Series ACTIVITY BASED COSTING Activity Based Systems pro- MEET THE COST MANAGEMENT GURU vide management with in- sights into the effectiveness and profitability of an or- ganization’s activities. Activity Based Costing (ABC) provides management visibil- ity into the profitability of an organization’s products. JAMES A. BRIMSON By attending this course, LIVE AND IN PERSON IN MALAYSIA delegates will learn; 2 Days Comprehensive Course • Key Process Concepts and their importance Dates: August 07-08, 2006 • Activity Based Costing Venue: Ritz Carlton Hotel, (ABC) model components Kuala Lumpur and relationships Time: 0900 - 1800 hours • The role of activities in Call: +603-21622227 cost determination of out- Email: email@example.com to register puts and outcomes Logon to: • How to determine full http://www.sas.com/malaysia/training costs of outputs for the for more information. goods and services pro- vided • Challenges of implement- ing Activity Based Costing Business Knowledge Series ACTIVITY BASED COSTING MEET THE SUBJECT MATTER EXPERT James A. Brimson is President of Activity Based Management Institute (ABMI), USA. Prior to ABMI, Mr. Brimson was Partner-in-Charge of Coopers & Lybrand, worldwide Activity Based Cost Management Center of Excellence located in London, United Kingdom. His group developed cost management methodologies and worked with clients worldwide. Mr. Brim- son was director of CAM-I (an international consortium conducting research and develop- ment in advanced manufacturing technology), where he originated the Cost Management Project. The Cost Management Program was the original source of ABC as a management tool. Mr. Brimson is internationally recognized as a Guru in Activity-Based Management and has assisted numerous organizations in its successful implementation. He is the author of Activity Accounting: An Activity-Based Costing Approach, and co-author of Cost Management for Today's Manufacturing Environment, The CAM-I Conceptual Model, and Activity Based Management for Service Industries, Government Entities and Non- profit Organizations. Co-author of, Driving Value Through Activity Based Budgeting. His most recent book Handbook of Process Based Accounting is published by the AICPA. Mr. Brimson served on the Cost Accounting Standards Advisory Board (CASAB), which devel- oped new cost accounting standards that apply to all US Governmental Agencies. He has served on the National Manufacturing Studies Board. The CAMI book Cost Management for Today's Manufacturing Environment won the 1990 “Notable Contribution to Management Accounting Literature Award” by the Management Accounting Section of the American Ac- counting Association. “There are so many benefits I have gained from this course including the opportunity to broaden my knowledge horizons by learning about Activity Based Costing with the foun- der of ABM institute and the recognized leader in cost management” Mr. Zakariya Al Yousef, Saudi Aramco, Saudi Arabia Business Knowledge Series ACTIVITY BASED COSTING COURSE OBJECTIVE The workshop objective is to enable delegates to develop and enhance skills to initiate, moni- tor, and assess an Activity Based Costing system. Among the key objectives which will help to attain that goal are: •Development of analytical skills in process analysis •Integration of modern operations practices with traditional finance/accounting practices •Transitioning a traditional costing system to be activity-based COURSE OUTCOME Upon completion of this course, delegates will be able to recognize the key cost drivers of their organization’s processes, to continuously plan, measure and improve process perform- ances, which will reap tangible returns ie. Increased profits for the organization. WORKSHOP APPROACH Hands-on workshops will provide the necessary exposures to delegates by developing the man- agement skills that are necessary to build an organization-wide system for pragmatic financial planning and sophisticated cost analysis. The course also provides delegates with a toolkit needed to achieve improved tangible financial results. WHO SHOULD ATTEND • Cost Accountants • Budget Analysts • Financial Managers • Operations Managers • Senior Executives • ABC Managers • Performance Improvement Teams Business Knowledge Series ACTIVITY BASED COSTING COURSE OUTLINE Day 1 • Overview • Issues driving the need for ABC • Introduction to processes and activities • Processes variation • Importance of ABC in sustainable competitive advantage • Activity Analysis • Activity analysis methodology • Use of activity dictionaries • Cross-functional cost analysis • Activity Output Measures • Activity Standard Cost Day 2 • ABC methodology • Root Cause Analysis • Process Variation Analysis • Value Added and Non-Value Added Analysis • Cost Benefit Analysis • Bill of activities • Tracing vs Allocations • Selecting major product groupings • Determining non-traceable activity rules • Activity Based Costing (ABC) Implementation • Feature Costing Business Knowledge Series The Business Knowledge Series provides in-depth course developed by industry experts. Each course is designed to provide organizations with knowledge in the latest business developments. Covering a broad range of topics from business theory and methodology to implementation strategies, the Business Knowledge Series Program will introduce you to new ways of looking at your organization.
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