Description
Determine appropriate cost classifications for business situations and how they respond at different activity levels.
Designed For
- Global accounting and finance professionals
- Management accounting professionals
- CPAs
- Supply chain professionals
Objectives
- Identify the impact that different approaches to identifying the costs of products or services have
- Discuss when it is appropriate to make distinctions between different types of costs and how this knowledge helps management accountants state the 'unit cost' of a cost object and informs decision-making.
- Identify how costs will behave at different activity levels.
Highlights
- Importance of understanding cost
- Direct and indirect costs
- Cost behaviour and cost drivers