Fundamentals of Cost Accounting

AMA - American Management Association
Training overview
3 days
2,345 USD
Classroom / Public
Next start date: 8/14/2019 - Atlanta
Start dates
Atlanta
8/14/2019  
2,345 USD
New York City
9/16/2019  
2,345 USD
Chicago
10/16/2019  
2,345 USD

Course description

Fundamentals of Cost Accounting

Get inventory costs right.

Manufacturers have a multitude of costs that must be included in inventory and cost of goods sold: material, labor, direct variable costs, indirect variable costs and fixed costs. You will learn how to properly identify these costs. Using multiple case studies, this seminar will provide you with detailed information on the various techniques companies have devised to apply all these costs to inventory. Doing so ensures that inventory and cost of goods sold are properly valued for both internal and external users. This seminar provides you with the information you need in deciding how to value inventory and cost of goods sold in your company.

How You Will Benefit

  • Classify all inventory costs
  • Create an inventory direct costing system
  • Identify fixed manufacturing costs
  • Apply fixed manufacturing costs to inventory
  • Create a standard costing system and calculate variances
  • Create an Activity Based Costing (ABC) system
  • Use cost-volume-profit analysis to determine break-even points and margins of safety
  • Use relevant costing models for production decisions

Who should attend?

Accountants, accounting managers, cost accountants, cost analysts, budget analysts, systems analysts, auditors and financial planners.

Training Content

This training course will cover:

  • Job costing procedures
  • Process costing procedures
  • Absorption costing techniques
  • Equivalent units of production calculations
  • Direct costing techniques
  • Standard costing techniques
  • ABC costing techniques
  • Cost-volume-profit analysis
  • Relevant costing techniques for future production decisions

Costs

The course is priced as follows: $2345 - Non-members
$2095 - AMA members
$1984 - GSA price

About supplier

2019 leadership

About American Management Association International

For over 90 years, American Management Association International (AMA) has been a world leader in professional development. AMA supports the goals of individuals, organizations, and government agencies with a complete range of corporate talent transformation solutions, including public open-enrollment seminars...


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Contact info

AMA - American Management Association



Reviews

Monty T.
(4)
Overall the class was very informative. I came away with a considerable amount of action items within my company related to costing and reporting associated with costing. The instructor did a good job but miss spoke a few times which could be confusing for people with little or no experience in costing. It would have been helpful as well if the...
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Kelli M.
(3)
Some useful information, but it didn't really apply to my situation and felt very basic
Monty T.
(4)
Overall the class was very informative. I came away with a considerable amount of action items within my company related to costing and reporting associated with costing. The instructor did a good job but miss spoke a few times which could be confusing for people with little or no experience in costing. It would have been helpful as well if the...
Show more
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