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 Secure Transaction CPE Credits
11 Credits: Production
Course Level
Overview
Format
Self-Study
Course Description
The performance of a business can be greatly improved by closely managing a few key bottlenecks (constraints) within the organization. Constraint Management is a valuable resource for locating and managing these constraints. It does so by describing the impact of constraints and how they can be managed to optimize profitability. The text includes discussions of where the constraint may be located, how constraint analysis compares to traditional cost accounting, and how to design measurement, reporting, and control systems around a constraint. There is also extensive treatment of financial modeling around constraints, as well as how to develop constraint-based strategies. In short, this course is an invaluable guide to enhancing the performance and earnings of your business.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the negative issues related to local optimization, as well as the basic concepts of constraint management.
- Recognize situations in which local optimization is being employed.
- Cite the indicators of a constraint, as well as the means by which a constraint can be managed.
- Recognize the existence of constraints in areas other than production, as well as the constraint issues involved in project management.
- Specify the circumstances under which the use of increased resources in the sales area will not increase sales.
- State the negative effects of cost reduction efforts, the use of gross margins, and the mis-application of direct labor costs.
- Identify the cost assignments required by the major accounting frameworks.
- Cite the types of measurements that can be effective in managing a constraint and throughput.
- Identify the components of the various cost object analyses.
- State the reasons for using constraint controls, and note the best types of controls.
- Specify the project types used in capital budgeting, as well as the problems with the traditional methods used to derive a budget.
- Cite the circumstances under which a constraint management environment is most likely to succeed.
- Identify the key elements of a financial analysis that can improve the results of a business.
- Recognize the types of pricing methodologies, and how constraint-based pricing can be used to identify the most favorable pricing opportunity.
- Specify the criteria used to determine which investments and other constraint-based decisions to make.
- Recognize the strategies that will be most effective under certain competitive situations.
- Cite the circumstances under which constraint management is more likely to succeed.
- Recognize the factors that can impact throughput levels within a services firm, and the best practices that can be used to enhance performance.
- Identify the throughput analysis issues associated with the evaluation of potential senior staff hires.
Course Specifics
SS626470525
There are no prerequisites.
None
247
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
