BEACH RETREAT: Understanding Activity Based Costing: A Practical Approach - Frank Ryan, CPA (171002)
Online registrations are closed for this event. We can take your registration over the phone at 800-782-2036.
For the financial executive, coming to grips with the challenges of business and profitability have never been greater. However, traditional costing systems provide only minimal guidance to the financial and accounting professionals to assist in improving profitability. This course provides a step-by-step approach of how to effectively implement Activity Based Costing to improve profitability by converting existing GAAP statements to Activity Based Costing Statements.
SPECIAL DISCOUNTED ROOM RATES FOR ATTENDEES: Discounted room rates at the Clarion Resort Fontainebleau Hotel. Make hotel reservations by June 2, 2012. You must call the Clarion at 800-638-2100 and request the special Maryland Association of CPAs group rate. Two night minimum stay; rates good June 30, 2012 - July 8, 2012.
$189 Standard Double Ocean Front
$209 Standard King Ocean Front
(Condos are rented by week only)
$ 245 One Bedroom Condo
$365 Two Bedroom Condo
$500 Three Bedroom Condo
At the completion of the course, the student will: Understand the principles of Activity Based Costing Identify cost drivers in the business model Recognize the link between activity based costing and lean operations Implement a step-by-step conversion method to convert from standard GAAP statements to Activity Based Costing Systems Develop an income statement based upon activities Develop a balance sheet based upon activities Identify segment profitability Identify costs not allocated to any business segment for analysis and review Identify the cost of capital and cost gap associated with each business Make logical business decisions with accurate segment information in an unstable economic climate
- Develop an understanding of Activity Based Costing for decision making
- Develop an accurate conversion model from existing statements to decision based financials
- Develop cost gaps for management action for each business segment
- Develop a process to accurately make financial decisions
Who Should Attend:
CEOs, CFOs and Controllers