Costing Analysis

Overview

Standards - Easy as ABC!

Activity-based costing (ABC) provides a more accurate method of product/service costing, leading to more accurate pricing decisions. It increases your understanding of overheads and cost drivers; and makes costly and non-value adding activities more visible, allowing managers to reduce or eliminate them.

Acquire new skills to demonstrate your proficiency:

• Standard costs
• Variance analysis.
• Overhead costs.

Gain practical experience:

The exercises use real-world examples and are designed to equip you with the skills to apply advanced costing strategies. Acquire a deeper understanding of the strategic importance of the costing analysis and finance business partnering role.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Highlights

Key Topics

• Standard costing and variance analysis
• Activity based costing (ABC)

Prerequisites

Introduction to Cost Accounting

Designed For

Who Will Benefit

• Global accounting and finance professionals
• Management accounting professionals
• CPAs in public practice with manufacturing clients
• Supply chain professionals

Objectives

Learning Outcomes

• Apply standard costing and variance analysis to assess performance against budget.
• Determine appropriate cost inputs for activity-based costing (ABC) to assess how it could help management improve profitability.