Identify and Classify Resources for Activity-Based Costing
By ICX Consulting, 2024
$50.00 $10.00 80% OFF
Goal
Provide a structured approach for identifying, classifying, and allocating resources accurately in an Activity-Based Costing (ABC) model. .
Participants
CFOs, finance leaders, operations managers, cost accountants, and business analysts.
Time Needed
3-5 hours for initial implementation, ongoing refinements as needed.
Phase
First step in an Activity-Based Costing model before cost allocation.
Resource Classification Guide
A structured guide with examples to differentiate direct vs. indirect costs and align them with business activities.
Key Resource Categories Template
A customizable template to categorize resources across functions such as Production, IT, Finance, and Logistics.
01 | Download and Implement
Start optimizing your business strategy today. Download the Identify and Classify Resources Toolkit to access a structured roadmap for aligning processes, improving decision-making, and driving growth. Take action now!
02 | Identify Direct and Indirect Resources
Review your company’s financial data, operational expenses, and resource allocation to distinguish direct vs. indirect costs accurately.
03 | Categorize Resources into Business Functions
Use the Key Resource Categories Template to allocate resources across essential functions like Production, Logistics, IT, and Administration.
04 | Validate
Discuss the first result with your team and other departments in order to validate it and make the necessary adjustments.
05 | Implement the Activity Definition toolkit
Implement the next toolkit that corresponds to the definition of activities which include processes and macroprocesses. This is the next logical step in an Activity Based Costing implementation.
