What you'll learn
- Analyze Costs: Classify and analyze costs (fixed, variable, direct, indirect) and understand their behavior.
- Prepare Budgets: Create master budgets, including operational and financial budgets, for planning.
- Perform Variance Analysis: Compare actual results to budgets, analyze the differences (variances), and identify their causes.
- Support Decision-Making: Use relevant costing techniques for short-term decisions like make-or-buy, product line profitability, and special orders.
- Determine Product Cost: Calculate the cost of products or services using different systems (Job-Order Costing, Process Costing, Activity-Based Costing).
- Measure Performance: Evaluate the performance of divisions, departments, or managers using appropriate metrics (KPIs).
Strategic Thinking and Planning
Problem-Solving with Quantitative Data
Business Acumen
Influencing and Persuading (using data to support recommendations)
Operational Understanding
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