The ‘Activity-Based Costing’ self-study CPE course offers an in-depth exploration of an essential costing methodology, tailored to meet the needs of professionals dealing with complex financial decisions. This course stands out by providing a clear and detailed understanding of how to allocate overhead costs accurately, a crucial aspect for any business’s financial health. Participants will benefit from learning the differences between direct and overhead costs, and how misallocations can occur in different operating environments. The CPE course sheds light on the intricacies of activity-based costing, including the processing steps and the distinction between primary and secondary cost pools. Additionally, it offers insights into the types of activity drivers within a business and how to effectively use them for cost allocation. The self-study CPE course also guides on setting up and managing a successful activity-based costing project, detailing the contents of a bill of activities and the allocation treatment for various administrative costs. By understanding the advantages and optimal scenarios for applying activity-based costing, participants will be well-equipped to improve their decision-making processes, leading to more accurate and beneficial financial outcomes for their businesses.