Cost Management Guidebook

Price: $152.15

CPE Credits: 17

Category:

Course Number: FICOSTSB

cost management

Description:
The Cost Management Guidebook addresses a number of tools that can be used to examine the cost structure of a business, including analyses for cost objects, constraints, and processes. The course also addresses how to reduce costs in all of the major areas of a corporation, including compensation, sales, production, procurement, and administration. There are also extensive discussions of asset reduction techniques, as well as cost management reports and measurements.  Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: March 2013
Update: September 2017

Format: PDF
Pages: 319

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Note the advantages and dangers of having an active cost management program.
  • Identify the various types of costs, and how they are used.
  • Cite the applications to which direct costing analysis can be put, as well as any limiting factors.
  • State the components and derivation of the cost-volume-profit concept, and how it is used.
  • Identify the uses to which target costing can be put, as well as how costs can be altered to meet target costing goals.
  • Note the costs that are associated with cost objects, and the decisions that can arise from cost object analysis.
  • Identify the key components of constraint analysis, and how profits can be improved under this type of analysis.
  • Cite the tools used to conduct a process analysis.
  • State the components of a zero-base budgeting system, and the situations in which zero-base and conditional budgeting can be used.
  • Note the analysis tools to use for different cost reduction strategies.
  • Cite the types of cost reduction methods available when reducing compensation costs, and the side effects of using these methods.
  • State the methods used to reduce benefit costs, and the side effects of using these methods.
  • Identify the techniques available for increasing the effectiveness of sales and marketing activities, and the side effects of using these methods.
  • Identify the cost reduction techniques that can be used to reduce the costs of production and maintenance operations, and the side effects of using these methods.
  • Cite the key procedural steps and forms needed to maintain a proper system of procurement.
  • State the range of methods available for the reduction of costs for accounting, human resources, legal services, and other areas of administration.
  • Identify the cost reduction tactics available for managing facilities costs.
  • Note the methods used to reduce finance costs.
  • Cite the range of techniques used to reduce the investment in accounts receivable, and the situations in which they are most applicable.
  • State the cost reduction concepts used to reduce the level of inventory, and the situations in which they are most applicable.
  • Identify the analysis methods used to evaluate prospective investments in fixed assets, as well as alternative forms of payment for these assets.
  • Discuss the reasoning behind having a post-implementation review.
  • Identify the key reports and report formats needed to support a system of cost management, and the situations in which these reports might be used.
  • Cite the most essential measurements used to evaluate the cost structure of a business, and the situations in which these measurements might be used.

Description:
The Cost Management Guidebook addresses a number of tools that can be used to examine the cost structure of a business, including analyses for cost objects, constraints, and processes. The course also addresses how to reduce costs in all of the major areas of a corporation, including compensation, sales, production, procurement, and administration. There are also extensive discussions of asset reduction techniques, as well as cost management reports and measurements.  Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: March 2013
Update: September 2017

Format: PDF
Pages: 319

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Note the advantages and dangers of having an active cost management program.
  • Identify the various types of costs, and how they are used.
  • Cite the applications to which direct costing analysis can be put, as well as any limiting factors.
  • State the components and derivation of the cost-volume-profit concept, and how it is used.
  • Identify the uses to which target costing can be put, as well as how costs can be altered to meet target costing goals.
  • Note the costs that are associated with cost objects, and the decisions that can arise from cost object analysis.
  • Identify the key components of constraint analysis, and how profits can be improved under this type of analysis.
  • Cite the tools used to conduct a process analysis.
  • State the components of a zero-base budgeting system, and the situations in which zero-base and conditional budgeting can be used.
  • Note the analysis tools to use for different cost reduction strategies.
  • Cite the types of cost reduction methods available when reducing compensation costs, and the side effects of using these methods.
  • State the methods used to reduce benefit costs, and the side effects of using these methods.
  • Identify the techniques available for increasing the effectiveness of sales and marketing activities, and the side effects of using these methods.
  • Identify the cost reduction techniques that can be used to reduce the costs of production and maintenance operations, and the side effects of using these methods.
  • Cite the key procedural steps and forms needed to maintain a proper system of procurement.
  • State the range of methods available for the reduction of costs for accounting, human resources, legal services, and other areas of administration.
  • Identify the cost reduction tactics available for managing facilities costs.
  • Note the methods used to reduce finance costs.
  • Cite the range of techniques used to reduce the investment in accounts receivable, and the situations in which they are most applicable.
  • State the cost reduction concepts used to reduce the level of inventory, and the situations in which they are most applicable.
  • Identify the analysis methods used to evaluate prospective investments in fixed assets, as well as alternative forms of payment for these assets.
  • Discuss the reasoning behind having a post-implementation review.
  • Identify the key reports and report formats needed to support a system of cost management, and the situations in which these reports might be used.
  • Cite the most essential measurements used to evaluate the cost structure of a business, and the situations in which these measurements might be used.
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