CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Essentials of Developing Information for Management

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
6 Credits: Accounting

Course Description

Communication drives the success or failure of an accounting department. Essentials of Developing Information for Management teaches you techniques for providing timely, accurate information, which allows management to make effective decisions.

Instructor Steven Bragg helps you identify which items are significant and teaches you how to simplify and pare down the information you provide. You’ll learn the essential nature of protecting cash, a universally desirable, fungible, and easily concealed asset; the way to have an effective collection process; and how to set up and use a budgeting system as a key spending control.

Developing information and assisting management in making decisions is the crux of the accountant’s job; this course expertly covers the major aspects of developing information for management. Everyone in the accounting department will benefit from the useful, practical advice contained in Essentials of Developing Information for Management.

This course covers material also contained in Accountants’ Guidebook.

Learning Objectives

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

Chapter 1

  • List a common line item found in a flash report
  • Specify when a rate variance may use a different designation
  • Define a volume variance in direct labor
  • Calculate selling price variance when given a set of variables
  • Name a possible cause of poor sales volume variance

Chapter 2

  • Cite a cause of material yield variance
  • State a way to eliminate the lag in the daily bank deposit due to cash application
  • Name a bank lockbox advantage and an alternative to it
  • Define remote deposit capture
  • Identify tasks that can be performed by online payment apps

Chapter 3

  • Identify issues that can be resolved with a courtesy call
  • Define the grace period
  • Cite an area where A-B testing is useful
  • Name a risk that results from freezing customer orders
  • Define a postdated check
  • Specify when to use the promissory note approach or file a claim in small claims court

Chapter 4

  • Identify the necessity for having different budget iterations
  • List ratios that help to enhance a budget model’s reasonableness
  • Cite an issue that may occur when changing from a material requirements system to a just-in-time system
  • Calculate direct material purchases
  • Specify when the crewing method would be used in budgeting
  • State expenses that are part of specific budgets

Chapter 5

  • Define constraint analysis and throughput
  • Name a reason that payback method is helpful for analyzing the capital budget
  • Cite why a post-installation review is conducted

Course Specifics

Course ID
1143399
Revision Date
July 29, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

Essentials of Developing Information for Management

Expert Instructors
Format
CPE CREDITS
6 Credits: Accounting

$174.00$204.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
6 Credits: Accounting

Course Description

Communication drives the success or failure of an accounting department. Essentials of Developing Information for Management teaches you techniques for providing timely, accurate information, which allows management to make effective decisions.

Instructor Steven Bragg helps you identify which items are significant and teaches you how to simplify and pare down the information you provide. You’ll learn the essential nature of protecting cash, a universally desirable, fungible, and easily concealed asset; the way to have an effective collection process; and how to set up and use a budgeting system as a key spending control.

Developing information and assisting management in making decisions is the crux of the accountant’s job; this course expertly covers the major aspects of developing information for management. Everyone in the accounting department will benefit from the useful, practical advice contained in Essentials of Developing Information for Management.

This course covers material also contained in Accountants’ Guidebook.

Learning Objectives

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

Chapter 1

  • List a common line item found in a flash report
  • Specify when a rate variance may use a different designation
  • Define a volume variance in direct labor
  • Calculate selling price variance when given a set of variables
  • Name a possible cause of poor sales volume variance

Chapter 2

  • Cite a cause of material yield variance
  • State a way to eliminate the lag in the daily bank deposit due to cash application
  • Name a bank lockbox advantage and an alternative to it
  • Define remote deposit capture
  • Identify tasks that can be performed by online payment apps

Chapter 3

  • Identify issues that can be resolved with a courtesy call
  • Define the grace period
  • Cite an area where A-B testing is useful
  • Name a risk that results from freezing customer orders
  • Define a postdated check
  • Specify when to use the promissory note approach or file a claim in small claims court

Chapter 4

  • Identify the necessity for having different budget iterations
  • List ratios that help to enhance a budget model’s reasonableness
  • Cite an issue that may occur when changing from a material requirements system to a just-in-time system
  • Calculate direct material purchases
  • Specify when the crewing method would be used in budgeting
  • State expenses that are part of specific budgets

Chapter 5

  • Define constraint analysis and throughput
  • Name a reason that payback method is helpful for analyzing the capital budget
  • Cite why a post-installation review is conducted

Course Specifics

Course ID
1143399
Revision Date
July 29, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

Essentials of Developing Information for Management

Expert Instructors
Format
CPE CREDITS
6 Credits: Accounting

$174.00$204.00

Clear