Advanced Cost Accounting

Overview

Organizations that use primitive costing methods make predictable mistakes. They allocate too much cost to easy, high-volume "gravy" products and too little cost to difficult, low-volume "dog" products. This puts the organization with inferior information at a significant disadvantage against a competitor who has a better cost model. The secret to having a great cost model is learning how to deal with overhead.
This webinar will show you how to assign 16 key categories of overhead. Whether you work in a wholesale, retail, health care, service or manufacturing business. This session will give you important insights into how to handle overhead. If you get your costing right, you will be able to give the "dogs" to your competitors and keep the "gravy" for yourself.

Highlights

• Occupancy costs
• Depreciation
• Utilities
• Supervision
• Maintenance
• Quality Control
• Material Handling
• Process Engineering
• Design Engineering
• Procurement
• Human Resources
• Information Systems
• Selling Costs
• Accounting
• Cost of Money
• Excess Capacity

Prerequisites

Cost accounting experience is helpful

Designed For

Corporate financial professionals

Objectives

• Understand how to assign 16 major types of overhead

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).