Cost Management: Accounting and Control ON DEMAND

Overview

This course covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI) strategies. Topics include analysis of costs; job order and process costing; break-even and contribution analysis; activity-based costing (ABC); balanced scorecard, cost allocation; responsibility accounting; budget for profit planning; short-term decisions; capital budgeting; quality costs and total quality management (TQM); inventory management and just in time (JIT).

Highlights

Cost Management. Cost Management Principles. Job Order Costing System. Overhead Allocation. Cost-Volume Profit Analysis. Cost Behavior Analysis. Budgeting System. Controlling Cost Centers. Measuring the Performance of a Profit Center, and More.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Recognize the nature and scope of cost accounting and cost management. Distinguish between cost accounting and its related fields such as managerial accounting and financial accounting. Identify the three broad purposes for which the manager needs cost information and the roles of the treasury function. Identify developments in the cost accounting and cost management discipline with total quality management and business process engineering, and more.

Preparation

None.

Notice

None.