Cost Management Guidebook ON DEMAND
Available Until
Your Desk
17.0 Credits
Member Price $391.00
Non-Member Price $450.00
Overview
One of management’s primary responsibilities is to ensure that costs are appropriately managed. This means that costs are focused on the primary needs of a business and that controls are in place to keep other expenditures from taking place. This course addresses a number of tools that can be used to examine the cost structure of a business, including analyses for cost objects, constraints, and processes. Instructor Steven Bragg addresses how to reduce costs in all of the major areas of a corporation, including compensation, sales, production, procurement, and administration. In addition, there is extensive information regarding asset reduction techniques as well as cost management reports and measurements.
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. Identify the various types of costs a business can incur, noting the characteristics of each type and how they are used. Recognize the concept of direct costing, noting the difference between contribution margin and gross margin. Cite the applications to which direct costing analysis can be put as well as any limiting factors, 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 $450.00
Member Price $391.00