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Specialized Costing Techniques and Profit Optimization · LearnSpace
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Specialized Costing Techniques and Profit Optimization

Курс от John Wiley & Sons
Начальный≈ 6.7 чАнглийский
О курсеНавыкиПрограммаПреподаватели

О курсе

Explore specialized costing systems, process improvements, and strategies for maximizing profits. Learn how to manage support costs, joint costs, and quality initiatives to drive business success. This course delves into specialized areas of cost accounting, such as support and common cost allocation, joint and process costing, spoilage management, and inventory optimization. Learners will also examine quality management, common costing pitfalls, and actionable strategies to increase profitability. By completing this course, participants will be equipped to implement advanced costing techniques and drive continuous improvement in their organizations. The course guides learners through specialized and advanced topics using clear explanations and business-focused examples. Emphasis is placed on applying costing techniques to real-world challenges and identifying opportunities for profit improvement. This course is part three of a three-course Specialization designed to build a complete and cohesive understanding of the subject. While it offers valuable skills on its own, you'll gain the most benefit by progressing through all three courses as a structured learning journey. This course is based on Cost Accounting For Dummies, by Ken Boyd. From Cost Accounting For Dummies Copyright © 2022 by John Wiley & Sons, Inc., Hoboken, New Jersey Used by arrangement with John Wiley & Sons, Inc.

Навыки, которые вы освоите

Financial DataManagement ConsultingSpecialized AccountingOperational ExcellenceBudgetingResource Consumption AccountingQuality ImprovementCost AccountingVariance AnalysisInventory ControlManagement AccountingBusinessOperating CostCost EstimationQuality ManagementOperational Performance ManagementCost ControlOperational EfficiencyCost ContainmentInventory Accounting

Программа курса

8 модулей · 58 учебных материалов

01Behind the Scenes: Accounting for Support Costs and Common Costs9 материалов

Decoding Cost Allocation and Contract Management

OverviewВидеоIntroductionЧтениеChecking out dual rate cost allocationsЧтениеUsing practical capacity to determine cost allocation ratesЧтение

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Wiley Skills Network

Преподаватель курса

Specialized Costing Techniques and Profit Optimization
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Обучение на Coursera

≈ 6.7 ч

8 модулей

Язык: Английский

Часть программы вашего университета
Going Over Variance Analysis and Department CostsЧтение
Implications for the rate of usage selectedЧтение
Focusing on Common CostsЧтение
Making a Commitment: ContractsЧтение
Cost Allocation and Accounting PracticesЗадание
02Joint Costs, Separable Costs, and Using Up the Leftovers7 материалов

Navigating Joint and Separable Costs in Production

OverviewВидеоIntroductionЧтениеAppreciating the importance of allocating joint costsЧтениеContinuing Production: Computing Separable Costs After SplitoffЧтениеIntroducing the constant gross margin percentage NRV methodЧтениеChoosing a Joint Cost Allocation MethodЧтениеCost Allocation and Production StagesЗадание
03Tracing Similar Products with Process Costing9 материалов

Navigating Cost Tracking in Manufacturing Processes

OverviewВидеоIntroductionЧтениеSitting on the Factory Floor: Dealing with Work in ProcessЧтениеHunting down the total costs of productionЧтениеSeeing different percentages of completionЧтениеUsing the Weighted Average Method for Process CostingЧтениеIntroducing the First In, First Out Method of Process CostingЧтениеComparing Processing Costing MethodsЧтениеProcess Costing FundamentalsЗадание
04What a Waste! Getting the Most from Spoilage, Scrap, and Reworked Products8 материалов

Managing Waste and Rework in Production Processes

OverviewВидеоIntroductionЧтениеSpoilage and process costingЧтениеReworking a product to recoup some profitЧтениеDoing the FIFO Hokey Pokey: Put your first in first, take your first out firstЧтениеJob Costing for Spoilage, Reworked Products, and ScrapЧтениеReworking and selling a productЧтениеManaging Waste and Costs in ProductionЗадание
05Making Smart Ordering Decisions9 материалов

Mastering Inventory Optimization and Cost Management

OverviewВидеоIntroductionЧтениеTaking a closer look at stockout costsЧтениеFiguring a Favorable Reorder PointЧтениеEvaluating Prediction ErrorЧтениеBuying more and ignoring EOQЧтениеPutting in a JIT purchasing systemЧтениеAdjusting total purchasing costЧтениеSmart Inventory DecisionsЗадание
06Quality: Building a Better Mousetrap9 материалов

Mastering Quality Strategies and Customer Satisfaction Metrics

OverviewВидеоIntroductionЧтениеTaking steps to ensure qualityЧтениеPutting Quality Practices in PlaceЧтениеCustomer Satisfaction: Measuring and Improving ItЧтениеIs measuring customer satisfaction worth the effort?Чтение"WE HAVE CLEARANCE, CLARENCE." "ROGER, ROGER." "WHAT'S OUR VECTOR, VICTOR?"ЧтениеEliminating the Constraint of the BottleneckЧтениеQuality Management and Business SuccessЗадание
07Ten Common Costing Mistakes and How to Avoid Them3 материалов

Mastering Cost Management: Avoiding Common Financial Pitfalls

OverviewВидеоIntroductionЧтениеAvoiding Common Costing ErrorsЗадание
08Ten Ways to Increase Profits Using Costing4 материалов

Mastering Cost Strategies for Profit Growth

OverviewВидеоIntroductionЧтениеStrategies for Enhancing Profitability Through Cost ManagementЗаданиеSpecialized Costing Techniques and Profit Optimization Final AssessmentЗадание