Online Programmes
Cost Drivers and Cost Allocation Methods
Start Date: 11th November 2024
Duration : 10 Hours
Participants will learn how to allocate costs accurately and make informed decisions. Furthermore, the course provides insights into effectively managing costs within organizations
Target Participants
For those whose careers are in finance, accounting, or business management
Course Objectives
At the end of the course, participants should be able to:
- Explore the factors that directly influence costs
- Identify cost drivers relevant to specific activities, products, or services
- Learn various methods for assigning costs to cost objects
- Understand the relationship between activities, resources, costs, and cost drivers
Outline
- Cost Drivers
- Cost Allocation Basics
- Direct and Indirect Costs
- Overhead Costs
- Allocation Methods
- Activity-Based Costing (ABC)
- $300
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