Cost Data Analysis

Analyzing Cost Data for Management - Part 1

Course Overview
Analyzing Cost Data for Management - Part 1 is the first part of a four-part series. The series Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The series is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use.

The course series uses the multidisciplinary approach to the subject, looking at the topic from many different angles such as finance, economics, marketing, information systems, quantitative methods, and the like. The incorporation of information technology into virtually every subject covered in this series is heavily emphasized. Furthermore, the course uses the solved problems approach, with emphasis on the practical application of managerial accounting concepts, tools, and methodology. The course participant is provided with definitions and explanations that are understandable, a variety of examples illustrating the concepts and techniques that are concise, ample problems and detailed suggested solutions, and computer software demonstration and printouts.

Analyzing Cost Data for Management - Part 1 begins with an introduction to management accounting, looking at its relationship to cost accounting and financial accounting, and continues by discussing cost classifications and profit concepts, job order costing, process costing, activity-based costing (ABC) and activity-based management.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize the concerns of management accounting.
  • Recognize the function of management in planning, controlling and decision making, and the role of the financial management.
  • Identify the some popular certificates that recognize the expertise in the fields of cost/managerial accounting and internal auditing.
  • Identify examples of each of the basic cost elements involved in the manufacture of the product.
  • Recognize various cost concepts, and differentiate between the traditional income statement and the contribution income statement.
  • Recognize different approaches to costing such as job order costing and the objectives of a cost accounting system.
  • Identify the benefits and disadvantages of different costing approaches.
  • Recognize cost components used for activity-based costing (ABC).
  • Recognize attributes tracked to in a value chain analysis.

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.


Prerequisites/Advanced Preparation:

Basic Math and Accounting

Speaker / Author:

Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS

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Price (USD)

Standard Rate: $74.85

Details

Course Code : 99DEL41

Release Date : 11/07/2019
Expire Date : 11/07/2021
Credits :
CPE 3.00
QAS 3.00

Length : 2hr 30min
Course Level : Overview
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Cost Data Analysis

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