Accountants and business decision-makers who want to understand concepts related to measuring and tracking company performance could benefit from this course. The course allows participants to become familiar with tracking the performance of a decentralized organization as well as understanding the benefits and key pieces of both a Master budget and a Flexible budget. Below is a listing of the items covered within the course.
Learning Objectives
Advantages and disadvantages of decentralized organizations;
Performance evaluation using cost centers, profit centers, and investment centers;
Controllable and uncontrollable costs and the use of responsibility accounting system;
Master Budgets
Discussion of budgeting benefits, timing, and components;
Illustration of a Master budget components including:
Operating Budget including budgeted sales, production, general and administrative expenses, and capital expenditures;
The cash budget; and
Budgeted Financial Statements including the Income Statement and Balance Sheet.
Flexible Budgets
Fixed budget and Fixed Budget Performance Reports;
Flexible budget including its purpose and preparation;
Setting standard costs and calculating direct material, direct labor, and manufacturing overhead variances; and
Illustration of a Flexible budget.
To complete this course participants need to: View the video and complete an assessment exam with a minimum passing grade of 70% or higher.
Upon course completion a course evaluation form is provided for your feedback.
You have 1 year from the time of purchase/enrollment to complete the course.
Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/