Management Series - Know Cost Accounting - Activity Based Costing and Activity Based Management

4.7 ★★★★ ★

Management Series - Know Cost Accounting - Activity Based Costing and Activity Based Management

Name: Management Series - Know Cost Accounting - Activity Based Costing and Activity Based Management
Rating: 4.7 (67 reviews)
Author: Dr. John McLellan

Management accounting

updated on icon Updated on Sep, 2024

language icon Language - English

person icon Dr. John McLellan

English [CC]

category icon Finance and Accounting,Other Finance and Accounting,

Lectures -6

Resources -14

Duration -50 mins

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Course Description

Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore this model assigns more indirect costs (overhead) into direct costs compared to conventional costing

Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs, using activity-based costing to carry out a value chain analysis or a re-engineering initiative to improve strategic and operational decisions in an organization.

Goals

Be able to understand activity based costing
Appreciate the management of activities is the new management approach
Understand value added and non value added activities
Learn about cost pools
Learn about cost drivers
be able to develop activity based overhead rates

Prerequisites

Knowledge oh Financial Accounting
Knowledge of Excel
Knowledge of Job Costing

Management Series - Know Cost Accounting - Activity Based Costing and Activity Based Management

Curriculum

Check out the detailed breakdown of what’s inside the course

Know Manufacturing Costs
1 Lectures

Manufacturing Costs 14:02 14:02

Section 2 - Activity Based Costing
1 Lectures

Section 3 - Activity Based Management
1 Lectures

:Case Problem on Activity Based Management
1 Lectures

Case Problem on Activity Based Costing
1 Lectures

Instructor Details

Dr. John McLellan

I am a Professor of Management Accounting and Control Management with over thirty-five years of experience teaching

accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.

I earned the Certified Management Accountant Designation 40 years ago. With that I then earned my Master of Business Administration degree and later a Ph.D. in accounting. I also have earned the Certified Quality Auditor certification.

My passion is online teaching. I have over 400 instructional videos on my YouTube channel “Your Accounting Prof” and I have created over 30 management and accounting courses on various online platforms.

Dr. John

Course Certificate

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