Accounting  |  Format: Flash

Analyzing Cost Data for Management - Part 2

Course Overview
Analyzing Cost Data for Management - Part 2 is the second 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 2 focuses on break-even and cost-volume-profit analysis, analysis of cost behavior and cost estimation, budgeting for profit planning and financial modeling.

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

  • Recognize various contribution margin concepts.
  • Identify several factors used to compute a cost-volume-profit analysis.
  • Calculate break-even points and recognize ways to reduce the break-even point.
  • Recognize the advantages and disadvantages of classifying cost behaviors and types.
  • Recognize methods for estimating the cost-volume formula.
  • Recognize major steps in the preparation of a budget.
  • Recognize how a financial modeling approach may be used in the planning process.

    Catalog Number: 99DEL42
    CPE Credits: 1 Registry / 1 QAS
    Author: Steve Spafford, CPA
    Advanced Preparation:
    Basic Math and Accounting
    Course Level: Overview
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Nov 07, 2019 / Nov 07, 2021