Catalogue

Description

This course will be an overview of:

• Description and application of standard costing.
• Calculation and analysis of cost variances.
• Current trends and management considerations related to standard costing.
• Examples of standard costing.

After completing this course, the learner should be able to:

• Define standard costing and distinguish it as a subset of managerial accounting.
• Understand how companies use standard costing as a part of their managerial accounting system.
• Identify how to establish and utilize standard costing.
• Perform variance analysis.