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12 October 2017

Activity based costing and management - making it work in the real world

Category: MASTER COURSE

An explanation of real world approaches to Activity Based Costing (ABC) and Activity Based Management (ABM) which can be implemented and sustained, based on practical experiences where they have produced significant business benefits.

Who should attend?
Finance directors, financial controllers, management accountants, operational and commercial managers and change managers in all commercial sectors, plus public sector and not for profit organisations.

What you will gain
Real world approaches to ABC and ABM that can be implemented and sustained - this course draws upon practical experiences and case studies where ABC and ABM have really been made to work and produce significant business benefits.

ABC and ABM are simple concepts and practical tools which create much greater transparency and understanding of an organisation's operations, enabling management to take smarter decisions and drive real change and business benefits through to the bottom line. Yet consultants and software companies hijacked these concepts, like many other three letter acronyms, and introduced impractical complexity, along with time and cost, into implementations, making them largely unworkable and unsustainable.

This course gets back to the fundamentals and demonstrates how they can be practically adopted with a minimum of pain and fuss, and looks at the applications and benefits that result.

Programme outline

  • What are ABC and ABM and what drives the need for them?
  • Practical ways to implement it yourself (KISS - keep it simple stupid)
  • Cultural and human issues arising from implementation
  • True cost and profitability measurement and management (customer / product / channel)
  • Replacing internal recharges with internal service costing
  • Activity based approaches to budgeting made simple
  • Applying ABC/M knowledge to drive internal improvement and value creation
  • Linking ABC/M to performance measures
  • What to avoid.

The course starts at 9.30am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

Booking Information

Date Location Price
12 October 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.

Activity based costing and management - making it work in the real world

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount. Save up to 30% with the CIMA Corporate Discount Scheme (CDS). Find out more at: www.cimamastercourses.com/CDS

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If you have any queries please email or phone us on: +44 (0)3332 221608. Visit our booking page for information on how to book and pay.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA Mastercourses are held in partnership with BPP.  

CIMA on demand is our range of online CPD courses specifically designed for busy finance and business professionals who need training that's convenient and will fit around their schedule. Find out more