World Class Cost Accounting: A Practical Application ON DEMAND

Overview

Enhance your career with an invaluable skill set in this two-part series, where you’ll explore the cost system of a real company from the ground up. Learn how to link variable and base costs, identify fluctuating and semi-fixed direct costs, and accurately trace direct materials, labor, and labor burden to products. Gain practical tools for budgeting, setting standard costs, and seamlessly embedding Activity-Based Costing (ABC) into a comprehensive cost system.

Highlights

Classification of the five cost types.

Prerequisites

None.

Designed For

CPAs and accountants.

Objectives

Determine methodologies for costing precision. Recognize how to automatically embed ABC into the cost system. Identify bases for tracing direct materials and labor costs to their products.

Preparation

None.

Notice

None.