World-Class Cost Accounting: A Practical Application Part I

Overview

Gain an invaluable skill set to advance your career by learning how to design & apply a comprehensive cost accounting system modeled on a real company. This course shows you how to precisely identify all direct & indirect manufacturing costs for each product, link direct costs to their base drivers & recognize fluctuating variable & semi-fixed costs that are actually direct in nature. You'll also learn how to trace certain fixed costs to products, distinguish which fixed costs are directly assignable & apply budgeting techniques to establish accurate standard costs.

It’s highly recommended to take Part 1 before Part 2 as several foundational principles in Part 1 carry forward throughout Part 2.