Product Costing Techniques for Modern Finance Organizations
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Course Details

Overview of Topics

  • Manufacturing Organizations face significant challenges8 mins
  • Key Decisions for manufacturers affected by Product Costs12 mins
  • Is Your Product costing Method modern?21 mins
  • Where do Modern Finance teams focus on creating cost transparency?28 mins
  • What is Modern Product Costing41 mins
  • Example of a Product Cost Sheet52 mins

Why You Should Attend ?

Stop struggling with unsustainable product cost practices and learn how companies leverage technology and best practices to get actionalble and meaningful results. Turn product costing into a competitive advantage and supercharge your company's ability to make smart decisions.

Course Description

Are your struggling with unsustainable product cost practices ? Do you want to learn how companies leverage technology and best practices to get actionable and meaningful results? This 1 hour free CPE webinar will help you understand that how you can turn product costing into a competitive advantage and supercharge your company’s ability to make smart decisions.

Manufacturers all have one thing in common – the need for an effective product costing process that delivers accurate and actionable results. Best-in-class finance teams are catapulting costing and cost transparency to the front of the list of strategic initiatives to transform their leaders’ ability to make decisions. If you’re an ACCOUNTANT struggling with the lack of ERP costing capabilities or overwhelmed with spreadsheets, you’ll find value in hearing how leading manufacturing companies have established robust product costing processes.

Register today for an interactive discussion around the below mentioned focus areas for product costing:

  • Understanding of how cost results affects key decisions
  • Defining product cost and its components
  • The three edicts of modern product costing
  • Understanding how to leverage technology for better costing
  • Real-world examples of robust costing practices

Learning objectives

  • To understand how cost results plays a vital role in making key decisions.
  • To define the product cost and its various components.
  • To understand about modern product costing and its 3 edicts.
  • To learn about the news tools and how it can help to simplyfy the product costing process.
  • To understand the analytics and insights with help of centralized data.

About Presenter

Energetic and results-driven business operations / controlling professional with experience providing efficient solutions connecting the world of Data, Software Platforms, and Better Decision Making. Repeated success instituting innovative financial and reporting strategies across operational processes at large Fortune 500 companies. Enjoys building profitable partnerships, and driving teams to achieve business results that stick!

Whether your goal is to implement a fundamental period-end cost accounting system or a future-looking scenario analysis tool, ImpactECS from 3C Software delivers meaningful, accurate, timely and actionable data to business leaders in manufacturing, distribution and services industries.

Since 1988, 3C Software has focused solely on developing cost accounting and profitability systems for end-users and business leaders that integrates with existing systems handle multiple cost scenarios simultaneously, allows for unlimited detail elements, and includes security and audit functionality.

Review Questions

  • Question 1 : 00:17
  • Question 2 : 00:35
  • Question 3 : 00:50
  1. What aspect(s) would be taken into account while ascertaining Product Costs?
  2. Which among the following is not an area where modern finance teams focus on creating cost transparency?
  3. Which among these is not a fundamental tenant product costs should adhere to, for delivering value through insights?
  1. What, according to the webinar, do modern day’s manufacturing organizations’ challenges have in common?
  2. What is specifically stated as not meant by Product Costing?
  3. What aspect(s) would be taken into account while ascertaining Product Costs?
  4. What are the three Edicts of Modern Product Costing?
  5. What does 3C take care of in the journey from product cost to cost-to-serve?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.6
(122)
71%
22%
6%
1%
0%
  • VS
    Vivek Singh
    May 7th 2020
    Excellent !!!
SC
Shiwei Chen
great
JR
James Reiner , , CPA
Some times the replay froze but eventually return to playing
RO
Rod Oldenburg
Very timely
Maria Galvan Govea , AFSP
Great!
DM
DALE Mason , CPA
Good webinar

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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 through its website: www.NASBARegistry.org.

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  • Cost FREE
  • CPE Credits 1
  • Subject Area Business Management and Organization
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date December 04 ,2019
  • Published Date January 10 ,2020
  • Who should attend? Finance Pros Accountant CFO/Controller CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm CPA (Industry) Young CPA CPA in Business Entrepreneurial CPA VP Finance Entrepreneurial Accountant
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

CARES ACT: NOL CHANGES (UPDATED LATEST)
Friday, July 03, 2020 View Details/Register
UNDERSTANDING & ADOPTING THE NEW REVENUE RECOGNITION STANDARD
Thursday, July 02, 2020 View Details/Register
FRAUD ESSENTIALS: WHO? HOW? WHY? WHAT?
Thursday, July 02, 2020 View Details/Register
PRACTICAL APPROACHES TO PERFORMING EFFICIENT & EFFECTIVE SSARS ENGAGEMENTS (COMPILATION AND REVIEW)
Thursday, July 02, 2020 View Details/Register
ARE YOU INDEPENDENT WHEN YOU NEED TO BE? UNDERSTANDING RECENT CHANGES TO THE AICPA CODE OF PROFESSIONAL CONDUCT
Thursday, July 02, 2020 View Details/Register
TAX UPDATE : FCCA 2020 & SECURE ACT. (COVID-19)
Friday, June 26, 2020 View Details/Register
IRS FORM 1099 REPORTING REQ. INCLUDING UPDATES ON FORM 1099-NEC (LATEST 2020)
Thursday, June 25, 2020 View Details/Register
FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
Thursday, June 25, 2020 View Details/Register
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Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MINNESOTA CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR CONNECTICUT CPAS
Thursday, June 25, 2020 View Details/Register
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Thursday, June 25, 2020 View Details/Register
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Monday, June 22, 2020 View Details/Register
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Monday, June 22, 2020 View Details/Register