Self-Study
9
Overview
Finance
There are no prerequisites

Course Description

Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The course is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use. Topics include strategic cost management, analysis of costs; break-even and contribution analysis; cost behavior analysis; activity-based costing (ABC); responsibility accounting and corporate balanced scorecard (CBS); budget for profit planning; short-term decisions; capital budgeting.



Instructor

Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.



Course Specifics

Finance
Apr 3, 2020
There are no prerequisites
SS3208043
246
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to: 

Chapter 1

  • Recognize the concerns of management accounting.
  • Recognize the function of management in planning, controlling and decision making, and the role of the financial management.
  • Identify the some popular certificates that recognize the expertise in the fields of cost/managerial accounting and internal auditing
Chapter 2
  • Identify examples of each of the basic cost elements involved in the manufacture of the product.
  • Recognize various cost concepts, and differentiate between the traditional income statement and the contribution income statement.
Chapter 3
  • Recognize different approaches to costing such as job order costing and the objectives of a cost accounting system.
  • Identify the benefits and disadvantages of different costing approaches. 
Chapter 4
  • Recognize cost components used for activity-based costing (ABC).
  • Recognize attributes tracked to in a value chain analysis.
Chapter 5
  • Recognize various contribution margin concepts.
  • Identify several factors used to compute a cost-volume-profit analysis.
  • Calculate break-even points and recognize ways to the reduce break-even point.
Chapter 6
  • Recognize the advantages and disadvantages of the classifying cost behaviors and types. 
  • Recognize methods for estimating the cost-volume formula.
Chapter 7
  • Recognize major steps in the preparation of a budget.
  • Recognize how a financial modeling approach may be used in the planning process. 
Chapter 8
  • Distinguish among three types of responsibility centers.
  • Identify different types of variances for manufacturing costs and the managerial significance of these variances.
  • Identify the different variance analysis techniques for factory overhead.
Chapter 9
  • Identify the primary differences between centralized and decentralized in performance evaluation.
  • Recognize how ROI, RI (residual income), and EVA (economic value added)  measurements affect the division's investment decision.
  • Recognize the basic features of the Corporate Balanced Scorecard. 
Chapter 10
  • Identify the costs that are relevant for a particular decision. 
Chapter 11
  • Recognize several concepts involved with the time value of money.
  • Identify the types and special features of several capital budgeting techniques. 
  • Calculate internal rate of return.
Chapter 12
  • Recognize how income tax factors affect investment decisions.



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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