The Activity-Based Management self-study CPE course offers a comprehensive exploration of how to leverage activity-based costing and management for strategic advantage. By dissecting expenses at the activity level, managers gain access to a level of detail in financial information that is not achievable through traditional financial statements. This CPE course details the steps of implementing an activity-based costing model, distinguishes between activity-based costing and management, and identifies the types of activities within a business, providing a framework for more informed decision-making. Participants will learn how to apply activity-based management principles to both goods and services, understanding when this system yields the most significant benefits. Additionally, the CPE course covers the implementation of activity-based management recommendations, the importance of maintaining an activity dictionary, and the best practices for ensuring these initiatives drive corporate improvement. This knowledge empowers managers to not only improve operational efficiency but also to report results more accurately and navigate financial adversity with confidence.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Describe the purposes to which activity-based management can be put.
Specify the steps used in an activity-based costing model.
Describe the differences between activity-based costing and activity-based management.
Describe the characteristics of an activity.
Specify the different types of activities that can be found within a business.
Identify the differences between primary and secondary activities.
Describe types of activity costs that may be applied to goods and to services.
Specify the circumstances under which an activity-based management system will provide the most benefit to a business.
Recognize the different types of activity-based management measurements.
Identify the actions that can be taken to improve the probability that activity-based management recommendations will be installed.
Specify the steps used to implement an activity-based management model.
Describe the types of activity-based management data that should be stored in a data warehouse.
Identify the best practices associated with activity-based management.
Recognize the contents of an activity dictionary.
Major Topics
Activity-Based Costing
ABM Outputs
ABM Implementation
ABM Best Practices
Reporting of ABM Results
ABM Advantages
ABM Problems
