Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The course is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use. Topics include strategic cost management, analysis of costs; break-even and contribution analysis; cost behavior analysis; activity-based costing (ABC); responsibility accounting and corporate balanced scorecard (CBS); budget for profit planning; short-term decisions; capital budgeting.
Course Publication Date: October 02, 2015
This course is available with NO ADDITIONAL FEE
if you have an active self study membership
or can be purchased for $95.00
|Delivery Method:||Self Study
|Level of Knowledge:||Basic
|Prerequisites:||Basic Math and Accounting
|Recommended Field of Study:||Accounting
- Recognize the concerns of management accounting.
- Recognize the function of management in planning.
- Identify the origin of the Cost Accounting Standards Board.
- Identify examples of each of the basic cost elements involved in the manufacture of the product.
- Recognize various cost concepts.
- Differentiate between the traditional income statement and the contribution income statement and their uses.
- Recognize different approaches to costing such as job order costing and the objectives of a cost accounting system.
- Recognize the components used in costing and the cost drivers for applying overhead.
- Identify the benefits and disadvantages of different costing approaches.
- Recognize cost components used for activity.
- Recognize attributes tracked to in a value chain analysis.
- Recognize various contribution margin concepts.
- Identify several factors used to compute a cost.
- Calculate break.
- Identify examples of variable costs.
- Recognize the advantages and disadvantages of the classifying cost behaviors and types.
- Distinguish between committed and discretionary fixed costs.
- Recognize methods for estimating the cost.
- Recognize major steps in the preparation of a budget.
- Recognize how a computer.
- Distinguish among three types of responsibility centers.
- Recognize the goals for performance reports.
- Identify different types of variances for manufacturing costs and the managerial significance of these variances.
- Identify the difference variance analysis techniques for factory overhead.
- Identify the primary differences between centralized and decentralized in performance evaluation.
- Recognize how ROI.
- Recognize the basic features of the Corporate Balanced Scorecard.
- Identify considerations for determining which transfer price policies to use.
- Identify the costs that are relevant for a particular decision.
- Recognize several concepts involved with the time value of money.
- Identify the types and special features of several capital budgeting techniques.
- Calculate internal rate of return and net present values.
- Recognize how income tax factors affect investment decisions.
- Identify cash flow relating to initial outlay.