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.
  • “The author did a good job of setting forth the ethical standards contained in the California State Board of Public Accountancy Rules and the AICPA Code of Conduct.”

    - California Ethics Course

  • Your website was easy to navigate and informative.” “This was my first use of your resources but I’m sure it won’t be my last. Thank you for your excellent course material and succinctly stated instructions which expedited order and payment of course selection, completion of exam, and immediate availability of Certificate of Completion. A great experience. Thanks.

    - Draper

  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

    - Constance