IMPROVE YOUR cost accounting SKILLS NOW

  • Receive training in industry recommended cost accounting procedures and best practices.
  • Receive training from a business professional with 30+ years experience.
  • Four ways to learn: Public ClassWebinarSelf-Study, or On-Site.
  • Classes limited to four students for maximum learning.
  • Cost: Five-day class $2,999.00 Click for Available Discounts.

Registration 

Registering another Person 

If you want to register for another person, click on the registration link and enter your information in the Billing Information section, uncheck the Student Information same as Billing Information box at the bottom of the form, then enter your student information.  If you experience any difficulty with online checkout, please call customer service 24/7 at 888-632-2093.


Registering by Purchase Order 

If you need to register using a purchase order, email a copy to info@academyofbusinesstraining.com

(be sure to list class name, class date, student name, student address, student phone number, and student email address).


To Register by Phone

To pay by credit or debit card using customer service 24/7 call 888-632-2093.


Each Student Receives:

  • A textbook for use during and after the class.
  • Instruction from an experienced business professional (minimum of 30 years) with at least five years in a corporate senior management position (CEO, President, COO, Vice President, CFO).
  • Real life exercises to support training materials.
  • Individual attention (classes are limited to four students).
  • Personalized Certificate of Completion. 

Cost Accounting Training course

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Call now: 1-888-632-2093

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Cost Accounting: The Missing Component of Supply Chain Management








One of first questions I ask our Warehouse Management students is, “Do you know your operating costs?”, and our Production Planning Management students, “Do you know the cost to produce one of your items?” After five years of training, I can count on one hand how many students were able to answer these questions, which immediately tells me their company does not utilize cost accounting.


The reason students are unable to answer the question is their company only has what is called management and financial accounting in place.
Learn more… 

Cost Accounting Training Course Description

In this Cost Accounting Training Course, students will learn the accounting process used for the recording, classifying, analyzing, summarizing, allocating, and evaluating all key costs, including inventory valuation, job costing, production process costing, standard costing, and fixed costs such overhead and depreciation of capital equipment, to enable management to consider various alternative courses of action and control of costs based on cost efficiency and company capability.  


This five day class packs the essentials you need to know for your future in a unique ten module format that is well organized, practical, and concise. You gain a thorough understanding of cost concepts, cost behavior, and cost accounting techniques as they apply to manufacturing and service businesses.


To ensure your understanding, the class introduces concepts in small, manageable sections that are immediately reinforced with proven questions, demonstration problems, practice exercises, and quizzes. You master the fundamentals of job order costing and process costing before progressing to more advanced topics, such as budgeting, standard costing and variance analysis, costing for service businesses, and cost analysis for management decisions.


Focus on the skills that will take you far in today's competitive job market as you learn how to determine the costs of products and services accurately and how to set effective selling prices. Learn the techniques to measure accurately the performance of managers within an organization and to use accounting to motivate managers toward an organization's goals. Find the relevant approach you need with the real cost accounting skills that will take you far in business today.

Cost Accounting Training Course Public Class and Webinar Schedule

Monday-Friday, November 26 - 30, 2018 Full

Monday-Friday, December 17 - 21, 2018

Monday-Friday, January 21 - 25, 2019

Monday-Friday, February 18 - 22, 2019

Monday-Friday, March 25 - 29, 2019

Monday-Friday, April 22 - 26, 2019

Monday-Friday, May 20 - 24, 2019

Monday-Friday, June 24 - 28, 2019


Scheduled dates don’t work for you? Schedule your own start date (subject to availability) for only a 20% premium!  Contact customer service to check date availability at info@academyofbusinesstraining.com.

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Cost Accounting Training Course Outline

Module One: Introduction to Cost

     Accounting

Uses of cost accounting information

Professional ethics, CMA certification, and

     corporate governance

Relationship of cost accounting and financial

     and management accounting

Elements of manufacturing costs

Illustration of accounting for manufacturing

     cost

Cost accounting systems

Illustration of a job order cost system

Module Two: Accounting for Materials

Materials control

Materials control procedures

Accounting for materials

Just-in-time materials control

Scrap, spoiled goods, and defective work

Module Three: Accounting for Labor

Wage plans

Controlling labor cost

Accounting for labor costs and employers’

     payroll taxes

Payroll accrual

Special labor cost problems

Module Four: Accounting for Factory

     Overhead

Identifying cost behavior patterns

Analyzing semi-variable factory overhead costs

Budgeting factory overhead costs

Accounting for actual factory overhead

Accounting for actual and applied factory

     overhead

Distributing service department expenses

Applying factory overhead to production

Module Five: Process Cost Accounting-

     General Procedures

Comparison of basic cost systems

Product cost in a process cost system

Work in progress inventories

Cost of production summary – one department,

     no beginning inventory

Cost of production summary – one department,

     beginning inventory

Cost of production summary – multiple

     departments, no beginning inventory

Cost of production summary – multiple

     departments, beginning inventory

Changes in prior department’s unit transfer

     cost​

Module Six: Process Cost Accounting--

     Additional Procedures
Accounting for Joint Products and By-Products

Equivalent production – materials not uniformly

     available

Units lost in production

Units gained in production

Equivalent production: first in, first out method

Joint products and by-products

Module Seven: The Master Budget and

     Flexible Budgeting

Principles of budgeting

Preparing the master budget

Flexible budgeting

Preparing the flexible budget for factory overhead

Module Eight: Standard Cost Accounting--

     Materials, Labor, and Factory Overhead

Types of standards

Determination of variances

Accounting for variances

Interpreting variances

Features of a standard cost accounting system

Illustration of standard cost in a

     departmentalized factory

Analysis of factory overhead standard cost

     variances

Two-variance method of analysis

Four-variance method of analysis

Three-variance method of analysis

Module Nine: Cost Accounting for Service

     Businesses and the Balanced Scorecard

Job order costing for service businesses

Budgeting for service businesses

Activity-based costing in a service firm

Allocations using simplified costing versus activity-based costing

The balanced scorecard and quality costs

Meaning of the cost of quality

Module Ten: Cost Analysis for

     Management Decision Making

Variable costing absorption costing

Merits and limitations of variable costing

Segment reporting for profitability analysis

Cost-volume profit analysis

Contribution margin ratio and margin of safety

Effect of income tax on break-even point