World Class Cost Accounting: A Practical Application 2025-26

Overview

Enhance your career with an invaluable skill set in this two-part series, where you’ll explore the cost system of a real company from the ground up. Learn how to link variable and base costs, identify fluctuating and semi-fixed direct costs, and accurately trace direct materials, labor, and labor burden to products. Gain practical tools for budgeting, setting standard costs, and seamlessly embedding Activity-Based Costing (ABC) into a comprehensive cost system. This on-demand course includes both parts one and two or the original webinar recording.

Highlights

•   Classification of the five cost types
•   Direct Materials—comprehensive coverage
•   Direct Labor—labor burden costs

Prerequisites

None.

Objectives

•   Determine methodologies for costing precision
•   Recognize how to automatically embed ABC into the cost system
•   Identify bases for tracing direct materials and labor costs to their products

Preparation

None.