Activity based costing (ABC) 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, which enables management to take smarter decisions. This course gets back to the basics of ABC principles and demonstrates how it can be practically adopted.
On completion of this online course, you will gain an understanding of:
- what drives the need for ABC - the world of growing overhead
- the simple principles of ABC
- a framework for successful implementation along with practical tips and methods
- how ABC changes our view of costs and profit, paving the way for different management thinking.