myCPE

Effective Management Accounting 2 Credits

Mar 28, 2024, 09:30 AM ET

Effective Management Accounting 2 Credits

  • Gary Cokins

    CMA, MBA

  • Rating

    4.5

  • Published on

    December, 1969

  • Subject Area

    Accounting

Learning mode

Live Webinar
  • 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 28, 2024, 09:30 AM ET

Learning Objective

  • To recognize the need for advanced management accounting techniques, such as ABC.
  • To study how the ABC cost assignment network structure connects costs to products, service lines, channels, and customers.
  • To explore how to use ABC to manage product, service line, channel, and customer profitability.
  • To identify how to measure customer lifetime value (CLV) for retail customers.
  • To recognize and understand costs across a B2B supply chain’s trading partners.

Course Overview

Management accounting is the provision of financial and non-financial decision-making information to managers. In management accounting or managerial accounting, managers use the provisions of accounting information to inform themselves better before they decide matters within their organizations, which allows them to manage better and perform control functions.Critics have claimed that traditional managerial accounting is at best useless and at worst dysfunctional and misleading. Most line managers do not trust their management accounting data. The 21st Century management accounting develops cost/unit metrics. They are useful for budgeting and forecasting, cost analysis, and control.

Activity-based costing (ABC) is useful because :

  • It brings truly accurate fact-based costs with visibility. 
  • It traces costs by identifying the cause-and-effect relationships to just broadly allocating overheads.
  • It enables us to see true profit margins for products and service lines and for specific sales channels and customers.
  • It reduces costs.
  • It improves productivity by reporting unit costs that can be benchmarked against your competition.
  • It provides a way to monitor cost trends.
  • It removed barriers caused by current management accounting techniques
  • It can provide huge rewards.

In this CPE Accounting Webinar internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics Gary Cokins gives an in-depth understanding and guidance of what this method is and how should you implement it to reap real, long-term benefits for your business.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Accounting for CPA in Canada 2 CPD Eligible
Financial Reporting for Certified Management Accountants (CMA) 2 CPE Eligible
Management Accounting for Chartered Global Management Accountants (CGMA) 2 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 2 CPD Eligible
Chartered Accountant - ICAEW 2 CPD Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Chartered Accountants - Ireland (CAI) 2 CPD Eligible
Chartered Accountants - Scotland 2 CPD Eligible
CPA - Ireland 2 CPD Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Accounting for CPA in Canada 2 CPD Eligible
Financial Reporting for Certified Management Accountants (CMA) 2 CPE Eligible
Management Accounting for Chartered Global Management Accountants (CGMA) 2 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 2 CPD Eligible
Chartered Accountant - ICAEW 2 CPD Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Chartered Accountants - Ireland (CAI) 2 CPD Eligible
Chartered Accountants - Scotland 2 CPD Eligible
CPA - Ireland 2 CPD Eligible

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

Live CPE Webinars by Gary Cokins for Accountants CPA/ABV

Gary Cokins , CMA, MBA

Advisor, Gary Cokins

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager.

In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.

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

Excellent

Very Good

Average

Poor

Terrible

LC

Liang Chang, CPA (US)

5

This lecture is very helpful! It helps me to refresh the Activity Based Costing theory that I learnt from my graduate program. Also, it gives me an idea how accounting professionals can provide valuable information to the management and work with management to come up with right management decisions.

EE

Errol Erin, CPA (US)

5

Not great. Materials, especially flow charts, were very hard to read and understand - maybe this is why managerial economics fails. Answers to the polling questions were not provided. Lots of plugs for the instructor's books.

Recommended Courses

Maximizing the Effectiveness of Your Audit Committee

Feb 24, 10:00 AM ET

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

Fraud Trends – Applying Real-life Lessons to Small- and Mid-Size Entities

Feb 24, 10:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • Yellow Book
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Managing the Internal Audit Function in Line with GIAS - Part 1

Feb 24, 12:30 PM ET

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

Sensitivity Unveiled: Fine-tuning Earnings Per Share (EPS) Analyses

Feb 24, 12:30 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

Emerging Fraud Schemes and What Lies Ahead

Feb 24, 02:30 PM ET

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

Internal Controls for Accounts Payable in the Modern Electronic World

Feb 24, 03:00 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • 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

Get Started with Unlimited Learning

Select your plan, complete your payment, and access a world of knowledge.

Subscription Inclusions Silver Gold
13,000+ Hrs of CPE approved Content
tooltip

Largest content library covering all aspects of professional development.

500+ Emerging Subject Areas
tooltip

Wide range of subject areas tailored to meet diverse learning needs of all the department of the firm.

50+ State- Specific Ethics Courses
tooltip

Stay compliant with ethics requirements for every state.

50+ State Compliance Packages
tooltip

Pre-selected courses for quick compliance, saving time and effort.

100+ Advanced Certification Programs
tooltip

Expert-led programs to build advanced expertise and strengthen your career credentials.

AICPA Eligibility Programs (CFF, ABV, PFS)
tooltip

Pre-Packaged Eligibility Courses for AICPA designations such as PFS, ABV, and CFF, offering CPE credits upon completion.

Compliance Tracker and Credit Vault
tooltip

Store all your certificates in one place, stay compliance-ready with ease, and track your progress effortlessly using the built-in credit tracker.

Instant Certification and Fast Reporting
tooltip

Instant reporting to IRS, CFP Board, and other governing bodies.

Mobile App Access (iOS and Android)
Access to Communities
tooltip

Join communities tailored to your specific interests and areas of expertise.

Select Tenure

Start Your Subscription 

Start your journey towards learning and compliance.

card

$299$199 For 12 Months

Start Your Subscription

$299$199/year

Secure unlimited access

Click Here

More Reasons to Subscribe

  • true true
    80% of Content Rated 4.5+ Stars
    High-quality content rated by professionals.
  • true true
    4X More Content at 1/3rd the Price
    Serious value compared to your regular provider!
  • true true
    Non-Sponsored Content
    Purely educational, unbiased content for your learning.
  • true true
    Monthly & Quarterly Updates
    Keeping you ahead of trends and changes.
  • true true
    Podcasts with Industry Leaders
    Learn and Earn CPE from experts on the go.
Subscribed
Dariusz purchased a subscription.
Subscribed
Rachel purchased a subscription.
Subscribed
Brenda purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Erin purchased a subscription.
Subscribed
Daniel purchased a subscription.
Subscribed
Richard purchased a subscription.
Subscribed
Danielle purchased a subscription.
Subscribed
Kim purchased a subscription.
Subscribed
Boris purchased a subscription.
Subscribed
kyle purchased a subscription.
Subscribed
Evelyn purchased a subscription.
Subscribed
Kristin purchased a subscription.
Subscribed
Valerie purchased a subscription.
Subscribed
Amber purchased a subscription.
Subscribed
Jeffrey purchased a subscription.
Subscribed
Stephanie purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
Kelly purchased a subscription.
Subscribed
Josh purchased a subscription.
Subscribed
Heidi purchased a subscription.
Subscribed
Kim purchased a subscription.
Subscribed
Mary-Jo purchased a subscription.
Subscribed
Jocalyn purchased a subscription.
Subscribed
Brad purchased a subscription.
Subscribed
Alexander purchased a subscription.
Subscribed
Leslyn purchased a subscription.
Subscribed
Maria purchased a subscription.
Subscribed
SHANNON purchased a subscription.
Subscribed
Disha purchased a subscription.
Subscribed
Thaddeus purchased a subscription.
Subscribed
Nicole purchased a subscription.
Subscribed
Mundher purchased a subscription.
Subscribed
Kimberly purchased a subscription.
Subscribed
Diane purchased a subscription.
Subscribed
Sabrina purchased a subscription.
Subscribed
Frank purchased a subscription.
Subscribed
Ani purchased a subscription.
Subscribed
jing purchased a subscription.
Subscribed
Scott purchased a subscription.
Subscribed
Joni purchased a subscription.
Subscribed
Ewa purchased a subscription.
Subscribed
Vimi purchased a subscription.
Subscribed
Kathee purchased a subscription.
Subscribed
Kimberly purchased a subscription.
Subscribed
Brian purchased a subscription.
Subscribed
E Nelson purchased a subscription.
Subscribed
Purnima purchased a subscription.
Subscribed
Justin purchased a subscription.
Subscribed
Sarah N. purchased a subscription.
Subscribed
Jay purchased a subscription.
Subscribed
Andy purchased a subscription.
Subscribed
Ravinder purchased a subscription.
Subscribed
Jianqiu purchased a subscription.
Subscribed
Innocent purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Amber purchased a subscription.
Subscribed
Arthur purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Peter purchased a subscription.
Subscribed
Lauren purchased a subscription.
Subscribed
Trent purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Melissa purchased a subscription.
Subscribed
CHRISTOPHER purchased a subscription.
Subscribed
Andre purchased a subscription.
Subscribed
Jose purchased a subscription.
Subscribed
Andrew purchased a subscription.
Subscribed
Jean Michel purchased a subscription.
Subscribed
Sabrina purchased a subscription.
Subscribed
Hisham purchased a subscription.
Subscribed
Charles purchased a subscription.
Subscribed
Amber purchased a subscription.
Subscribed
Shere purchased a subscription.
Subscribed
Nikita purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Arthur purchased a subscription.
Subscribed
Rafal purchased a subscription.
Subscribed
Yvonne purchased a subscription.
Subscribed
Ronald purchased a subscription.
Subscribed
Yusimy purchased a subscription.
Subscribed
Hilary purchased a subscription.
Subscribed
Kelly purchased a subscription.
Subscribed
Brian purchased a subscription.
Subscribed
charles purchased a subscription.
Subscribed
Deana purchased a subscription.
Subscribed
Jamie purchased a subscription.
Subscribed
Kumi purchased a subscription.
Subscribed
Chelsea purchased a subscription.
Subscribed
Ryan purchased a subscription.
Subscribed
Cathryn purchased a subscription.
Subscribed
Mark purchased a subscription.
Subscribed
Charlotte purchased a subscription.
Subscribed
Raymond purchased a subscription.
Subscribed
Dishakumari purchased a subscription.
Subscribed
Jenny purchased a subscription.
Subscribed
Constanza purchased a subscription.
Subscribed
Katelyn purchased a subscription.
Subscribed
Brittney purchased a subscription.