World-Class Cost Accounting: A Practical Application (Part 1)

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

Highlights

• 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

Designed For

CPAs, Controllers, Accounting Managers, and Cost Accountants

Prerequisites

A background in accounting or bookkeeping is sufficient.

Preparation

None

Notice

Your webinar can be accessed via https://ctcpas.acpen.com/Account/loginhttps://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.