World Class Cost Accounting: A Practical Application—Part 1 26-27

Overview

Enhance your career with an invaluable skill set in this two-part series, where you’ll explore the cost system of a real company from the ground up. Learn how to link variable and base costs, identify fluctuating and semi-fixed direct costs, and accurately trace direct materials, labor, and labor burden to products. Gain practical tools for budgeting, setting standard costs, and seamlessly embedding Activity-Based Costing (ABC) into a comprehensive cost system. Be sure to also register for Part 2: World Class Cost Accounting: A Practical Application - Part 2

Highlights

• Classification of the five cost types
• Direct Materials’comprehensive coverage
• Direct Labor’labor burden costs

Prerequisites

None

Designed For

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

Objectives

• Determine methodologies for costing precision
• Recognize how to automatically embed ABC into the cost system
• Identify bases for tracing direct materials and labor costs to their products

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).