Cost Accounting System

Cost Accounting System COURSE DESCRIPTION How You Will Benefit Apply cost accounting methods to identify profitable products and services Analyze reports to make sound pricing decisions Compare cost systems and choose the one that’s right for your company Evaluate results against budgets with greater accuracy Use cost accounting methods to optimize the use of people, resources and materials What You Will Cover Relating cost accounting to financial accounting and the planning and control process Budgets as a tool within both traditional and ABC cost systems Enhancing budgeting accuracy Product costing systems and accounting for overhead Activity-based costing for management control Standard costing and variance analysis Variance analysis for material, labor and overhead variances Requirements for establishing a direct costing system PARTICIPANT Accountants, accounting managers, cost accountants, cost analysts, budget analysts, systems analysts, auditors and financial planners. COURSE OUTLINE Introduction to Cost or Managerial Accounting Understand the Place of Cost or Managerial Accounting in Relationship to Financial Accounting Understand the Planning and Control Process and Its Relationship to...
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