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Integrating Activity Based Costing into Lean Six Sigma Projects

Course Code:       MHC-2014 Delivery Type:   Classroom
Course Length :   2 Days Price:                $595.00

Activity Based Costing (ABC) is a management accounting system that accurately links the cost of products and services offered to customers with the consumption of valuable organizational resources. Using conventional government accounting systems, you will never (unless by luck) accurately identify the costs of your products and services or the cost of the activities that produce them. ABC is an essential technique in understanding the true costs of your business processes and how to make them more efficient. This course provides a working knowledge of the principles and techniques of this powerful tool and how it integrates with Lean Six Sigma.
Who Should Attend

This course is designed to provide the student an understanding of how ABC is applied in an organization as a critical part of the of the Lean Six Sigma DMAIC methodology. The course is applicable for anyone involved/interested in the design, implementation, or application of Activity Based Costing systems, as well as for individuals currently or soon to be involved in a Lean, Six Sigma, or Business Process Reengineering (BPR) project, or organizations going through significant budget cuts; or those who need to know how to implement such projects or the aftermath of budget reductions. The course does not require a financial or accounting background.
How You Will Benefit

  • Use ABC to analyze business processes.
  • Accurately develop a cost for activities.
  • Become more competitive by reducing non-value-added activities.
  • Tie together cost, pricing and value for your customer's current & future benefit.
  • Exercises will provide a "hands on experience" in process analysis and creating activity based costing models.

What You Will Cover

  • The relationship between business activities, resources consumption, and cost.
  • How to accurately assign costs to products and services offered by your organization.
  • The role of ABC in the DMAIC methodology.
  • Integration of ABC principles with activity modeling and mapping.

Participants should bring a calculator to class for case study use.

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