The following seminars are conducted by the Wharton Institute of Technology and Science (WITS) along with The Australian Institute of Finance & Management as part of the Continuing Development Program of the Institute. Please contact the Secretariat to obtain the current dates and venues of the following programs :

1. Seminar No. 1 Implementing Activity Based Control Systems
2. Seminar No. 2 Strategic Process Based Accounting
3. Seminar No. 3 Strategic Pricing and Customer Profitability
4. Seminar No. 4 Strategic Value Analysis
5. Seminar No. 5 Portfolio and Logistics Accounting
6. Seminar No. 6 Accounting for Marketing Communications
7. Seminar No. 7 Benchmarking the Balanced Scorecard

SEMINAR NO. 1 :

IMPLEMENTING ACTIVITY BASED CONTROL SYSTEMS - "Beyond Activity Based Costing"

Management Control Systems

• Control Systems and Behavior
• Concepts of Control: The Control Framework
• Accountants and Control Systems
• Issues in Control Systems Design
• Types of Control

Cost Information in Modern Firms

• Cost Information: More of an Hindrance than a Help?
• Cost Classification
• Allocating Indirect Costs
• Loss of Competitiveness due to Faulty Cost Systems
• Uncovering Hidden Profits and Hidden Losses

Re-Engineering Cost Allocation Systems

• ABC: The Response to Complexity in Modern Firms
• The Fundamentals of ABC
• Cost Drivers
• Activity Analysis
• Advantages and Limitations of ABC
• Case Study: Comparison of Cost Allocation Systems

Activity Based Management

• Monitoring Systems
• Measuring the Performance of a Process
• The Key Performance Variables to be Measured
• Frequency, Timeliness and Accuracy
• Controlling White-Collar Departments
• Activity Based Budgeting
• Feedback Systems under ABM

Implementing Re-Engineered Cost Analysis and Control Systems

• Creating Implementation Motivation
• Training, Evaluation and Information
• Project Organisation
• Project Analysis
• Project Synthesis (Model Building)
• Long-term Cost Management Model
• From Project to Steady State