World-Class Cost Accounting: A Practical Application (Part 1)
Friday, August 09, 2024
Webcast or Webinar, Online
11:00AM - 3:00 PM (opens at 10:30AM) EST
4Credits
Accounting and Auditing
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$129.00 Regular Price
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$159.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC173339
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing, Accounting
Overview:
Add an invaluable skill set to your career. Showcasing a comprehensive cost accounting system of an actual company. Precisely identify direct costs for individual products and services. How to link direct costs with other direct costs. Identify certain fluctuating variable and semi-fixed costs that are, in fact, direct costs. Budgeting techniques for setting accurate standard costs and guidelines for revising standards during the year.
Objectives:
- How to pinpoint all direct costs
- Definitions for true variable, fluctuating variable, and semi-fixed costs
- Gain a price-setting advantage in an ever-increasing competitive marketplace
Major Topics:
- Beginning and intermediate cost principles automatically included
- Covers manufacturing materials, labor, period mfg inefficiencies
- How to efficiently trace the above costs to products
- Substantially reduce manufacturing overhead allocation by 60% or more
- ABC analysis is embedded in the MFG cost system without the need for a separate ABC implementation project
Major Topics:
- Beginning and intermediate cost principles automatically included
- Covers manufacturing materials, labor, period mfg inefficiencies
- How to efficiently trace the above costs to products
- Substantially reduce manufacturing overhead allocation by 60% or more
- ABC analysis is embedded in the MFG cost system without the need for a separate ABC implementation project