Advanced Cost Accounting: Eliminate Calculation Distortions

Overview

Organizations that use primitive costing methods make predictable mistakes, allocating too much cost to easy, high-volume "gravy" products and too little cost to difficult, low-volume "dog" jobs,  putting an organization with inferior information at a significant competitive disadvantage.  The secret to being the “smart competitor” is learning how to deal with overhead. 

This session will show you how to assign 16 key overhead categories.  Whether you work in a wholesale, retail, healthcare, service or manufacturing business, you will find this session invaluable.  Get your cost right, and you will be able to give the "dogs" to your competitors and keep the "gravy" for yourself.

Highlights

• Cost Accounting

Prerequisites

Previous cost accounting coursework

Designed For

Financial professionals attempting to improve profitability

Objectives

• Why all products have a mixture of fixed, variable and step variable costs
• How cost can be very volume-sensitive
• Insights into assigning 16 overhead cost categories

Preparation

None