To compete successfully, companies must change the way they report and manage costs. This means replacing old institutions of cost accounting and inventory valuation. Activity Based Costing (ABC) is a managerial accounting system which determines the cost of activities without distortion and provides management with relevant and timely information. It does not represent just a new set of overhead allocation rules or techniques to value inventory. ABC represents a way to look at operating costs and provides methods to dissect the underlying activities, which cause costs to exist.

Activity Based Management (ABM) is a natural extension of ABC. It allows leaders to examine non-value-added activities and make rational decisions to eliminate them. ABM relies on the ABC system to specify where non-value-added activities exist and to value the monetary benefits associated with their elimination.

This two-day strategic executive program provides all you need to know to begin your ABC implementation project. Participants will learn specific actions needed to effectively implement and use ABC and drive performance demonstrating how ABC can be quickly and economically implemented. Participants should prepare themselves for a unique learning experience designed to achieve quick and sustainable results.

ACCA SA members are entitled to accreditation points upon attending this event (12 points upon attending two full days)

SAIPA members can log their CPD hours on SAIPA website.

For more information and brochure, kindly contact Ms. Esther at estherw@marcusevanskl.com

Key Topics

• Implementing an Activity-Based Costing Management (ABC/M) system in your organisation
• Optimising performance management through Activity-Based Costing
• Using ABC to make strategic decisions
• Being aware of financial analysis and ratios principles, which can be applied to strengthen the budgeting system
• Using excel budgeting models

Key Features / Key Benefits

• Taking an in-depth look at the uses of ABC and B (Activity Based Costing and Budgeting)
• Gaining deeper insight into the benefits of employing ABC
• Qualifying the efficiency of your ABB (Activity Based Budgeting)
• Employing leading evaluation standards to ensure the efficiency of your ABC and budgeting implementation process
• Ensuring transparency in all aspects of the budgeting process
• Identifying input, process and review controls to assess performance measure controls

Who should attend

This highly interactive workshop will be beneficial to all financial professionals and divisional managers from all industries who are responsible for drawing up budgets and doing costing for their departments including:

• Chief Financial Officers
• Budget Directors
• Budget Managers
• Chief Accountants
• Cost Accountants
• Financial Managers
• Financial Controllers
• Financial Consultants
• Management Accountants
• Cost Controllers
• Cost Managers
• Divisional Managers
• Budget Deputy Directors
• Strategic Planners