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21WI-0606: Cost Identification and Management (Webinar)

Date Friday, December 3, 2021
Time 10:30am - 11:30am
Central Time
Location Online
CPE credits CPE 1.0
Field(s)
of study
Management Services - Technical (1.0)
Instructor Jennifer Elder, CSP, CPA, CMA, CIA, CFF, CGMA, MS
Business Learning Institute, Inc
Fees
Standard Member Fee $59.00
Standard Nonmember Fee $69.00
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Description

Cost Identification and Management -- provides a review of some often used, but not understood, concepts such as economies of scale, productivity and inflation, as well as a discussion of allocation policies, use of standards, internal pricing and inventory practices. The goal is to improve an organization's measuring and reporting. The value of linear analytical models is demonstrated as a tool to measure and forecast sales, profits, cash flow and capital allocation. The use of linear models is further developed to measure other macro trends in the organization. Examples discussed include isolating cause-effect relationships, measuring changes in productivity, identifying changes in fixed and/or variable costs and forecasting sales. The models are simple and can be adapted to numerous situations. No formal statistical training is required. The principles behind the Theory of Constraints are discussed, as are its practical uses to improve efficiency and measurements in organizations.

Who should take this program?

CPAs, Controllers, Financial Managers

Major subjects

  • N/A

Learning objective(s)

  • Evaluate how accounting is an evolving and growing body of knowledge.
  • Identify the uses of break even analysis.
  • Compare analytical techniques to improve the user's ability to isolate and measure cost trends

Notes:

Course code Code 21WI-0606
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Management experience in accounting, finance, or operations
Advance
prep
None
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