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Allocating overhead using Activity Based Costing will provide companies with the most accurate product cost information needed to make the pricing decisions that are critical to their success.

This Activity Based Costing training explores an alternative way to identify, pool and allocate indirect costs and overheads: Activity Based Costing (ABC).We discuss the challenges of implementing an Activity Based Costing System as well as the benefits, particularly more accurate product costs, that companies using ABC enjoy.

Learning Objectives

  • Analyze how activity based costing works and where it can bring the best results.
  • Describe the differences between traditional methods of applying overhead and activity based methods as well as the four critical factors to consider.
  • Observe the three critical steps for implementing and using activity based costing in your organization.
  • Analyze how to select the most appropriate costs driver to apply activity based costs pools.
  • Distinguish the types of activities, including unit, batch, product and facility costs, their hierarchy and relationship to one another. 
Last updated/reviewed: May 19, 2018

11 Reviews (38 ratings)Reviews

5
Member's Profile
Course was a good overview related to the fundamentals of activity based costing. Instructor defined key terms and provided illustrations. It would have been beneficial if spreadsheet example used in presentation was provided in the attachments.
3
Member's Profile
This was a fairly basic course for anyone even remotely familiar with product costing. It probably isn't a good CPE course for a CPA, but for someone in Marketing who knows little of product costing, it would be a good introduction.
5
Member's Profile
This presentation was really very good along with the author. It brush-up my concepts of ABC implementation. Thank you, Chirag
3
Member's Profile
Good overall understanding of ABC costing. Nice examples and well paced. Congrats one of the better courses.
4
Anonymous Author
basic but good review for someone in finance, more valuable for a non finance professional
4
Member's Profile
Good solid intro to ABC. Speaker could have moved quicker thru the slides
5
Member's Profile
Excellent review material. Thoroughly explained and easily understood.
4
Member's Profile
This course provided a good overview of Activity Based Costing.
5
Anonymous Author
A basic revision course. Well presented and well explained.
5
Member's Profile
awesome, easy beginner's course
5
Anonymous Author
Great Review!

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Fundamentals of ABC
  23:55The 3 Steps of ABC
  14:02Example of Activity Based Costing
  6:30Hierarchy of Activity Based Costs
Conclusion
  2:16Summary
Continuous Play
  47:59Fundamentals of Activity Based Costing
SUPPORTING MATERIALS
  PDFSlides: Activity Based Costing
  PDFActivity Based Costing Glossary Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM