Cost Accounting Certification for Manufacturing Course Outline

PART I – Building the Manufacturing Cost Accounting System

Module 1 – Introduction to Manufacturing Cost Accounting

    • The Role of the Manufacturing Cost Accountant
    • Manufacturing Cost Flows
    • Manufacturing Operations
    • Manufacturing Cost Accounting Systems

Module 2 – Accounting for Materials

    • Materials Control
    • Purchasing
    • Receiving
    • Warehouse Operations
    • Inventory Control Systems
    • Inventory Costing Methods
    • Accounting for Materials
    • Material Cost Analysis
    • Physical Inventories

Module 3 – Accounting for Labor

    • Wage Plans
    • Controlling Labor Costs
    • Accounting for Labor Costs
    • Employers’ Payroll Taxes
    • Special Labor Cost Problems
    • Labor Cost Analysis

Module 4 – Accounting for Factory Overhead

    • Understanding Factory Overhead
    • Regression Analysis for Manufacturing Cost Accountants
    • Factory Overhead Cost Behavior
    • Budgeting Factory Overhead
    • Accounting for Actual Factory Overhead
    • Allocating Factory Overhead
    • Service Department Cost Allocation
    • Applied Factory Overhead

Module 5 – Process Cost Accounting

    • Process Cost Accounting Fundamentals
    • Cost Flows in Process Manufacturing
    • Equivalent Units of Production
    • Cost Assignment Methods
    • Process Cost Reports
    • Spoilage, Scrap, Rework, and Waste
    • By-Products and Joint Products
    • Process Cost Analysis
    • Comprehensive Process Costing Case Study

Module 6 – Manufacturing Cost Analysis

    • Understanding Manufacturing Costs
    • Cost Classification
    • Cost Behavior
    • Mixed Cost Analysis
    • Cost Estimation Techniques
    • Manufacturing Cost Drivers
    • Cost Allocation Principles
    • Cost Reporting and Analysis
    • Comprehensive Cost Analysis Case Study

Module 7 – Master Budget and Flexible Budgeting

    • Budgeting in Manufacturing
    • The Master Budget
    • Sales Budget
    • Production Budget
    • Direct Materials Budget
    • Direct Labor Budget
    • Factory Overhead Budget
    • Selling and Administrative Expense Budget
    • Operating Budget
    • Financial Budgets
    • Cash Forecasting and Liquidity Planning
    • Flexible Budgeting
    • Budget Performance Evaluation
    • Behavioral Considerations in Budgeting
    • Budget Accuracy and Continuous Improvement

PART II – Using Manufacturing Cost Information to Support Management Decisions

Module 8 – Standard Costing and Variance Analysis

    • Standard Costing in Manufacturing
    • Developing Standard Costs
    • Material Cost Variances
    • Labor Cost Variances
    • Factory Overhead Variances
    • Sales and Production Volume Variances
    • Investigating and Interpreting Variances
    • Corrective Actions and Continuous Improvement
    • Standard Cost Reporting and Performance Evaluation
    • Comprehensive Variance Analysis Case Study

Module 9 – Performance Measurement and Quality Cost Management

    • Measuring Manufacturing Performance
    • The Balanced Scorecard
    • Developing Effective Manufacturing KPIs
    • Operational Performance Dashboards
    • Understanding the Cost of Quality
    • Measuring and Reporting Quality Costs
    • Using Performance Information for Continuous Improvement
    • Comprehensive Performance Measurement Case Study

Module 10 – Cost Analysis for Manufacturing Decision-Making

    • The Manufacturing Cost Accountant as a Business Advisor
    • Identifying Relevant Costs for Decision-Making
    • Evaluating Product Profitability
    • Cost-Volume-Profit Analysis for Manufacturing Decisions
    • Evaluating Operational Decisions
    • Evaluating Capacity and Capital Improvement Decisions
    • Customer and Supply Chain Profitability Analysis
    • Presenting Recommendations to Management
    • Comprehensive Manufacturing Decision Analysis Case Study