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Course Title: Activity-Based Costing, Second Edition
Author: Steven D. Grossman
Provider: American Management Association
Price: $79.95
CEU Credits: 2
Level: Advanced
Field Of Study: N/A
Prerequisites: Basic knowledge of cost accounting
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Today's business environment is much more competitive than yesterday's, both nationally and internationally. Customers want high-quality products at low prices. Today's organizations must:

  • Improve existing products or develop new products
  • Increase productivity, reduce costs, and maintain competitive prices
  • Support essential research and development activities
  • Reduce distribution costs
  • Eliminate unproductive activities
  • Use techniques like just-in-time and TQM to stay abreast of competitors

Activity-Based Costing shows you how to assign activity costs to true performance measures. The bottom line is greater accuracy and greater control over all the factors that make up costs.

Topics covered:

  • Cost Accounting for Control
  • Activity Drivers, Profitability Maps, Continuous Improvement, and Cost Behavior
  • Developing and Implementing an ABC Costing System
  • Factors in Successful ABC Implementation
  • ABC for Service Organizations
  • ABC vs. the Theory of Constraints, Transfer Pricing, ERP, EVA, and Feature Costing
  • Activity-Based Management and ABC

Course Objective:

Understand the underlying framework of ABC and its relationship to traditional accounting

About This Course:

As one course among many offered in the American Management Association's curriculum, Activity-Based Costing (ABC) helps readers understand the underlying framework of ABC and its relation to traditional accounting. The course provides a brief overview of traditional cost accounting systems and a description of activities and costs, the process of developing and implementing an ABC system, the success of ABC implementations, non-manufacturing applications of ABC, and activity-based management. This new edition includes research on the success and failure of ABC systems and discussion of the theory of constraints, target pricing, enterprise resource planning, target costing, EVA, and feature costing.

Steven D. Grossman, Associate Professor of Accounting at Texas A&M University, teaches in the areas of financial accounting and analysis and cost accounting (which includes capital investment analysis). He has written articles that have appeared in such journals as The Accounting Review, The Journal of Accountancy, CPA Journal, Financial Executive, Management Accounting, and The Tax Executive. In addition, he has published several books on accounting. Grossman holds B.S. and M.A. degrees from  Northeastern University and a Ph.D. from Tufts University.


The publisher would like to thank the following people for their review of the manuscript of this course: Beryl Barkman, Associate Professor of Accounting and Finance, University of Massachusetts at Dartmouth, North Dartmouth, Massachusetts

Patrick K. Berry, CPA, Senior Professor of Finance and Accounting, The Keller Graduate School of Management, Atlanta, Georgia

Thomas Carment, Professor of Accounting and Director of the Master of Business Administration Program, Northeastern State University, Tahlequah, Oklahoma

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