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Secure Transaction Standard Costs and Variance Analysis
Format
Self-Study
Course Level
Overview
CPE Credits
1 Credits: Accounting
Course Description
Standard costs are commonly used in many accounting applications. In the Standard Costs and Variance Analysis course, we address the situations in which standard costing can be used, its advantages and disadvantages, and how to create a standard cost. We also cover the various types of variances that can be derived from standard costs, including materials, labor, and overhead variances. Finally, we address which variances should be reported, and how to report them to management.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify the circumstances under which standard costs can be used.
- Specify the different variances applicable to standard costing.
- Identify the calculations for each type of standard cost variance.
Course Specifics
SS123360855
December 26, 2023
There are no prerequisites.
None
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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
