myCPE
myCPE

Comprehensive Review Of Costing Best Practices 2 Credits

Mar 10, 2022, 09:30 AM ET

Comprehensive Review Of Costing Best Practices 2 Credits

  • Rating

    4.2
  • Reviewed on

    February, 2024
  • Subject Area

    Accounting

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Mar 10, 2022, 09:30 AM ET

Learning Objective

  • To recognize how to precisely assess the cost of your products/services.
  • To develop a strategic plan.
  • To recognize the effect your operations have on costs and products/services.
  • To analyze solutions to manage, control and optimize costs.
  • To discuss product/services cost information with managers.

Course Overview

Whether a public company, private enterprise, or not-for-profit organization, cost accounting is vitally important to any entity that offers products or services. This webinar provides a comprehensive review of the costing best practices.

The webinar provides key importance to the variety of uses of the costing and costing system. For instance, costing systems and policies are used as management tools for a variety of purposes including identifying cost and income structures for separate products/services; and as an input to pricing evaluations. Increasingly they are used as a regulatory tool in many industries.

Further, the webinar takes a progressive approach to the uses of the costing systems. It also directs how the costing system can be used to apply effective control. For instance, a service/production cost model could do more than simply calculate the cost of your products/services. It should also account for the main performance indicators used by management to establish a company strategy. These indicators must be incorporated into the model so upper management can assess different scenarios and the model can be put to optimum use.

Major Topics Covered in this Online Accounting CPE Webinar:

  • Why profits often do not correspond to projections.
  • How to improve fixed cost allocation.
  • Costing for a better understanding of the operational data for products/services.
  • Techniques for improving product/services variance analyses.
  • Using effective dynamic budgets that keep up with changes in operations.
  • Learn how to keep costing models simple to use.
  • Cost accounting systems for determining the most profitable products/services.
  • Reconciling budgets with production/services costs.
  • Making benchmarking a part of cost analysis and evaluation.
  • Tools for assessing if costs are really in line with operations.
  • Many other best practices.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE
Michel Morley

Founder, Mike Morley

  • 4.3
  • rating
  • rating
  • rating
  • rating
  • rating

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

TA

Thomas Aromando, CPA (US)

Excellent course

SI

Stefanie Irwin, CPA (US)

Excellent review and summary of best practices with real examples.

Recommended Courses

Artificial Intelligence: What Internal Audit and Cyber Professionals Need to Know

Dec 16, 10:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CISA
  • CPA/CITP
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • CDPSE
  • ITCA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
The Controller's Role in Cash Flow, and Forecasting During Uncertain Times

Dec 16, 11:30 AM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
COVID Compliance Audits - Are You at Risk?

Dec 16, 12:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Sustainability Accounting and Its Influence on Financial Statement Analysis

Dec 16, 01:30 PM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Dodging the Scam: Top Occupational Frauds and How to Outsmart Them

Dec 16, 01:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Adanna purchased a subscription.
Subscribed
BROOK purchased a subscription.
Subscribed
Vince purchased a subscription.
Subscribed
Jared purchased a subscription.
Subscribed
Stephanie purchased a subscription.
Subscribed
Jonathan purchased a subscription.
Subscribed
Rebecca purchased a subscription.
Subscribed
Warren purchased a subscription.
Subscribed
Haley purchased a subscription.
Subscribed
Richard purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Julia purchased a subscription.
Subscribed
Gabriel purchased a subscription.
Subscribed
Erslyn purchased a subscription.
Subscribed
Anna purchased a subscription.
Subscribed
Sam purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Liza purchased a subscription.
Subscribed
Dilbag purchased a subscription.
Subscribed
Peter purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Seth purchased a subscription.
Subscribed
Daniel purchased a subscription.
Subscribed
DEEPIKA purchased a subscription.
Subscribed
Inderpreet purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Boyana purchased a subscription.
Subscribed
Gregory purchased a subscription.
Subscribed
Shalini purchased a subscription.
Subscribed
MARTHA purchased a subscription.
Subscribed
Dominique purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
william purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Ray purchased a subscription.
Subscribed
Marie purchased a subscription.
Subscribed
SHERWIN purchased a subscription.
Subscribed
Roger purchased a subscription.
Subscribed
Catherine purchased a subscription.
Subscribed
Hideyuki purchased a subscription.
Subscribed
Polin purchased a subscription.
Subscribed
Sally purchased a subscription.
Subscribed
Samuel purchased a subscription.
Subscribed
Karen purchased a subscription.
Subscribed
Emily purchased a subscription.
Subscribed
Fnu purchased a subscription.
Subscribed
ERNEST purchased a subscription.
Subscribed
Rebecca purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Sharvari purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
angela purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Sachindranath purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Yukari purchased a subscription.
Subscribed
Jason purchased a subscription.
Subscribed
Korry purchased a subscription.
Subscribed
Terry purchased a subscription.
Subscribed
Jenna purchased a subscription.
Subscribed
Steven purchased a subscription.
Subscribed
Carolyn purchased a subscription.
Subscribed
Janine purchased a subscription.
Subscribed
Krista purchased a subscription.
Subscribed
Adenike purchased a subscription.
Subscribed
Frank purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
RALPH purchased a subscription.
Subscribed
Jacqueline purchased a subscription.
Subscribed
TAMMI purchased a subscription.
Subscribed
Tonika purchased a subscription.
Subscribed
Anne purchased a subscription.
Subscribed
Orkhan purchased a subscription.
Subscribed
Connie purchased a subscription.
Subscribed
Daniel purchased a subscription.
Subscribed
Garrett purchased a subscription.
Subscribed
DANIEL purchased a subscription.
Subscribed
Glenda purchased a subscription.
Subscribed
Stephen purchased a subscription.
Subscribed
Lindsay purchased a subscription.
Subscribed
Nhi purchased a subscription.
Subscribed
Tarl purchased a subscription.
Subscribed
Debra purchased a subscription.
Subscribed
Carol purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Priya purchased a subscription.
Subscribed
Pablo purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Mariya purchased a subscription.
Subscribed
Sharon purchased a subscription.
Subscribed
Antoni purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Gratiana purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Austin purchased a subscription.
Subscribed
Maureen purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Steven purchased a subscription.
Subscribed
Thomas purchased a subscription.