- NY Credits : 5.0
- TX Credits : 5.0
This program provides a basic overview of managerial cost accounting. It covers not only cost accounting terms, but the application of strategic cost management and activity-based management. This program will help the practitioner develop corporate performance measurements including: balanced scorecard concepts; valued-based management techniques; real-time closings; and strategic maps. This program will help managers understand the impact of better cost management on competitiveness in the marketplace.
Upon successful completion of this course, the user should be able to:
recognize standard costing, variance analysis, and joint product/byproduct costing;
identify the different manufacturing types and the challenges of inventory management;
identify the value chain concept, the concept of strategic positioning, and the cost driver concept;
identify direct costing for lean manufacturing and value stream costing;
recognize the theory of constraints applications for lean manufacturing;
recognize the various activity-based costing models;
recognize the activity-based financial statements; and
recognize balanced scorecard concepts and nonfinancial performance measures.