Course Description
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 Online CPE course 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 online CPE course 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.
This Online Accounting CPE webinar covers the following Key Topics:
- 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
Learning Objectives
- 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 implement solutions to manage, control, and optimize costs.
- To deliver product/services cost information to managers.
Recommended For
- This Accounting CPE course is recommended for CPAs, CIAs, CVAs, CMAs, and Other Accounting and Finance Professionals desiring to learn about costing best practices.
Who Should Attend?
- Accounting and audit managers/practitioners
- Accounting Managers
- Accounts Director
- Auditors
- Business Owner
- CEO
- Certified Management Accountant (CMA)
- Certified Valuation Analysts
- CFO/Controller
- Chief Accounting Officer
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Director of Accounting
- Senior Accountant
- Young CPA
