P2 Activity Based Costing and Activity Based Management
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1
What is a traditional production environment
2
What is a modern production environment
3
What are the problems with traditional production costing methods
4
What is activity based costing
5
What is a cost pool
6
What is a cost driver
7
What are the 5 steps to calculating activity based costing
8
When is activity based costing relevant
9
What are the advantages of activity based costing
10
What are the disadvantages of activity based costing
11
What are the 4 levels of the activity based cost hierarchy
12
What is ABM
Activity Based Management
13
How does ABM look to classify each activity
14
What are the 5 ABM information outputs
15
What is DPP
16
What are the benefits of DPP (DIRECT PRODUCT PROFITABILITY)
17
What is DCP
18
What is the benefit of customer profitability analysis
Determine which customers are most profitable, and highlight areas to improve to increase profitability of low profit customers
19
What is Pareto analysis
20
What are the probelms with implementing ABC/ABM
21
What is the CIMA cost transformation model
22
Explain Engendering a Cost Conscious Culture
23
Explain managing the risk of cost conscious culture
24
Explain connecting products with profitability
25
Explain Generating maximum value through new products
26
Explain incorporating sustainability to optimise profits
27
Explain understanding cost drivers