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ComplianceOnline, Online Event
2013-03-20
This 90 minute training on Activity Based Costing (ABC) will discuss its application and use in business decision making and teach attendees the key elements of cost management practices and ABC implementation principles for improving business performance.Why Should You Attend: International organizations are facing ever increasing pressure to more effectively manage costs. Activity Based Costing (ABC) can help organizations better understand their costs and can provide the level of accuracy needed to make critical business decisions while avoiding the inaccuracies imposed by arbitrary overhead allocations.
This webinar will review the evolution of cost management and the role of accurate cost in maximizing organizational values. It will discuss the key elements of cost management practices and their history and current use in both the public and private sector.
Areas Covered in the Seminar:
Following topics will be discussed during the webinar:
- The role of accurate cost in maximizing organizational value.
- A brief history of cost accounting and its relationship to management accounting and financial accounting.
- A comparison of ABC vs. traditional cost accounting in meeting the needs for business decision making.
- ABC as part of a cost accounting system, vs. use of ABC an offline analytical tool.
- Principles in implementing ABC
- Use of ABC for understanding cost and performance drivers.
- Combining ABC with performance management to prioritize and evaluate improvement opportunities.
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Organized by:
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Complianceonline |
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Invited Speakers:
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Dr. Doug Webster, spent a 21 year career in the US Air Force, a third of which was served in major weapon system acquisition and systems engineering. He also has nearly 2 decades of management consulting experience advising federal and state agencies, as well are private sector organizations, on management best practices. In 2007, he was appointed by the President and confirmed by the US Senate to serve as the Department of Labor’s 4th Chief Financial Officer.
Dr. Webster is the founder of the Cambio Consulting Group, is a member of the board of directors of Pentagon Federal Credit Union (PFCU), a $15B financial services organization, chairs the PFCU Real Estate Committee with oversight of a 2000 agent realty operation, and is co-founder and current president of the Association for Federal Enterprise Risk Management. Dr. Webster holds a BS in Engineering, a MS in Systems Management, and a Doctorate in Business Administration. He has led numerous ABC implementations, and has used ABC in conjunction with performance management systems to identify and prioritize improvement opportunities.
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Deadline for Abstracts:
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2013-03-19
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Registration:
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For Reg: http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=702727?channel=Hummolgen
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E-mail:
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referral@complianceonline.com
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