Cost Identification and Management

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.

Learning Objectives

*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

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Business & Industry
BLI Leadership
Practitioners
Personal Financial Planning
CPE Field of Study
Management Services
1
Who Should Attend

CPAs, Controllers, Financial Managers

Prerequisites

Management experience in accounting, finance, or operations

Advanced Preparation

None

Location
Online
Event Information
When
Sep 3, 2021
11:30 am - 12:30 pm EDT
Location
Online
Total CPE Credits
1
Format
Webcast Replay

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Cost Identification and Management


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