- NY Credits : 10.0
- TX Credits : 10.0
Cost Management: Accounting and Control covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI) strategies. Topics include analysis of costs; job order and process costing; break-even and contribution analysis; activity-based costing (ABC); balanced scorecard, cost allocation; responsibility accounting; budget for profit planning; short-term decisions; capital budgeting; quality costs and total quality management (TQM); inventory management and just in time (JIT).
Upon successful completion of Cost Management - Accounting and Control, the user should be able to:
identify cost data for cost accumulation,
identify cost data for planning,
identify cost data for control,
identify cost data for decision making, and
determine special topics.