Advanced Cost Accounting

Cost accounting is no longer just a tactical overhead allocation function.
Cost accounting is no longer just a tactical overhead allocation function. It's a tool that can help determine true product cost information. In AMA's Advanced Cost Accounting seminar, participants learn to incorporate Activity-Based Costing with advanced traditional costing methodologies and transform themselves into a real strategic partner within their organization.
How Participants Will Benefit
* Learn how to perform advanced cost accounting functions, such as an ABC-based product and customer profitability analysis
* Effectively allocate factory and corporate overhead—and prevent over- or undercosting of products
* Perform capacity analysis to ensure effective development of plantwide standards
* Evaluate variances to identify the true cause of less than optimal performance
What They Will Cover
* Improving processes by analyzing the true causes of product cost variances
* Effectively determining joint- and by-product costs
* Assigning service department costs to calculate total product costs
* Developing the target cost model
* Transfer pricing and product cost determination
* Capacity analysis: understanding the true cost of incremental manufacturing