Ch

Cost Management

1

Introduction to Cost Management

2

Basic Cost Management Concepts

3

Cost Behavior

4

Activity-Based Costing

5

Product and Service Costing: Job-Order System

6

Product and Service Costing: A Process Systems Approach

7

Allocating Costs of Support Departments & Joint Products

8

Budgeting for Planning and Control

9

Standard Costing: A Functional-Based Control Approach

10

Decentralization: Responsibility Accounting

11

Strategic Cost Management

12

Activity-Based Management

13

The Balanced Scorecard

14

Quality and Environmental Cost Management

15

Productivity Measure and Control

16

Lean Accounting

17

Cost-Volume-Profit Analysis

18

Activity Resource Usage Model

19

Pricing and Profitability Analysis

20

Capital Investment

21

Inventory Management: Economic Order Quantity

Ch

Management Accounting (McWatters)

1

Organization and Accounting

2

Measuring and Analyzing Activity Costs

3

Measuring and Analyzing Product Costs

4

Managing Activities

5

Short Term Decisions and Constraints

6

Managing Organization

7

Decentralized Organizations

8

Budgeting

9

Cost Allocation

10

Absorption Costing Systems

11

Variable Costing and Capacity Costing

12

Standard Cost & Variable Analysis

13

Investment Decisions

14

Accounting in Dynamic Environment

This course provides an explanation to the determination, development, and uses of internal accounting information needed by business management to satisfy customers in conjunction with continuous cost control. This course examines basic principles of cost management and other related issues such as manager performance evaluation, management activity and process, and applications of activity-based costing and just in time manufacturing. Topics include contemporary cost accounting; activity based management; strategic cost management; capital investment decision; pricing and revenue analysis; and balanced scorecard. The aim of this course is to prepare students with comprehensive understanding on the benefits of cost management in managing corporate organizations.

"Cost Management" gives project managers basic tools for predicting, monitoring and adjusting project schedules and budgets. At its conclusion, learners can expect to understand how to:

· Calculate a cost performance index (CPI)

· Calculate a schedule performance index (SPI)

· Calculate estimated costs at completion (EAC), using the most appropriate method

· Allocate cost to products, processes, and activities

· Develop process improvement initiatives

Content

"Cost Management" places basic cost management tools within the grasp of nearly any project manager. Each skill sequence builds on the one before. Using clear explanations and providing ample practice, this course makes learning when and how to use cost management calculations and indices as uncomplicated as possible.

The supplemental course materials are designed for the entire series. The glossary extends beyond the terms used in this module. New terms in the text are linked to the glossary, or users can go to the glossary to look up terms by scrolling or using the alphabetical index. The resources section is a treasure trove of brief articles on a variety of management topics.

Overall, for managers new to cost management methodologies, this course should prove useful, regardless of the number of zeroes and commas in their project budgets.

Value

If these cost management tools aren't already in your project management toolkit, this course is an efficient and cost-effective way to acquire them. The time and money spent are likely to be repaid many times over the first time you apply these methods to a real-life project.