World Class Cost Accounting: A Practical Application 2024

Overview

Add an invaluable skill set to your career. Showcasing a comprehensive cost accounting system of an actual company, we’ll precisely identify direct costs for individual products. We’ll identify certain fluctuating variables and semi-fixed costs that are, in fact, direct costs. Examples on how to handle costing issues when there are temporary changes in normal MFG operations and budgeting techniques for setting accurate standard costs will round out the course.

Highlights

• Tracing direct costs to products
• Substantially reduce MFG overhead
• Embed ABC in MFG cost systems

Prerequisites

None

Designed For

CPAs, CFOs and Controllers looking to enhance their knowledge on Cost Accounting.

Objectives

After attending this presentation you will be able to . . .

• Determine how to pinpoint direct costs
• Recognize the value of accurate costing for decision making
• Identify all direct costs for price-setting in a competitive marketplace.

Preparation

None