Cost Management Guidebook ON DEMAND
Available Until
Your Desk
17.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
This course presents a detailed exploration of cost management in various business domains, providing professionals with the skills and knowledge to effectively control and reduce costs. Instructor Steven Bragg delves into multiple aspects of cost management, from understanding the concept to applying different strategies across business functions. Participants will gain insights into various types of costs, direct costing principles, cost-volume-profit analysis, and the concept of target costing. The course also addresses practical applications of cost object analysis, constraint analysis, and process analysis. Furthermore, it explores zero-base budgeting systems and different cost-reduction strategies, particularly in compensation, benefits, sales, production, procurement, and administration. Attendees will learn about the tools and techniques for managing facilities costs and reducing investments in accounts receivable, inventory, and fixed assets. This course is ideal for professionals seeking to deepen their understanding of cost management and implement effective cost-reduction strategies in their organizations.
Highlights
Overview of cost management. Cost-volume-profit analysis. Constraint analysis. Cost-reduction strategy. Sales and marketing effectiveness. Administration cost reduction. Finance cost reduction. Capital budgeting decisions. Cost management measurements.
Prerequisites
None.
Designed For
CPAs, auditors, consultants, and financial and managerial professionals.
Objectives
Recognize the concept of cost management, identifying an example of a cost management system as well as advantages and dangers of having an active cost management program. Specify ways in which control over costs can slip away from the management team, identify the environment needed to bring costs back under control, and cite the effects of cutting costs too deep, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $100.00
Member Price $87.00