Elective Course Name: Costing and Profitability through the prism of Activity-Based Costing

Lecturer Name: Gordan Kožulj

Elective Course Description: Companies face ever-increasing competition in today’s global marketplace. Companies must react quickly and produce high quality, low cost products/services to be successful in this new environment. To make proper decisions, senior managers must have accurate and up-to-date costing information. Traditional costing systems based on volume-based allocation of overhead have lost relevance in corporate environment that has seen a sharp increase in overhead and a subsequent decline in direct labor. These traditional costing systems tend to

distort product/service costs and lead to poor strategic decision-making. One costing method designed to deal with the deficiencies of traditional costing systems is Activity Based Costing (ABC), which will be the focus of this seminar.