Cost Data Analysis

Analyzing Cost Data for Control v.2

Course Overview:
This course, entitled Analyzing Cost Data for Control v.2, discusses the advantages of using responsibility accounting, which operates on the premise that managers should be held responsible for their performance, the performance of their subordinates, and all activities within their responsibility center. Since the ability to measure performance is essential in developing management incentives and controlling the operation toward the achievement of organizational goals, this course also describes return on investment (ROI) and Residual income (RI), the two most widely used measures of divisional performance. Other topics include Standard Costs, Variance Analysis, Fixed Overhead Variances, Corporate Balanced Scorecard and Transfer Pricing.



Learning Objectives:

After completing this course, the course participant should be able to:
  • Describe responsibility accounting and appreciate how important it is for managerial control.
  • Distinguish among three types of responsibility centers and see how they are evaluated.
  • Calculate different types of variances for manufacturing costs--direct materials, direct labor, and manufacturing overhead.
  • Compute return on investment (ROI) by means of the Du Pont formula and show how changes in sales, expenses, and assets affect the investment center's performance.
  • Explain how ROI and RI measures affect the division's investment decision.
  • Enumerate the strengths and weaknesses of various transfer prices between segments of an organization.
  • Describe the corporate balanced scorecard and how it measures performance to create future shareholder value.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
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    Prerequisites/Advanced Preparation:

    Basic math, basic accounting

    Speaker / Author:

    Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 8 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

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    Price (USD)

    Standard Rate: $49.90

    Details

    Course Code : 991442-v2

    Release Date : 04/17/2013
    Expire Date : 12/31/2019
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : New Standards
    Passing Grade : 70%
    Format Type : eLearning
    Field Of Study : Management Services

    Theme : Cost Data Analysis

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