Loading Events

« All Events

  • This event has passed.

Solving the Standard Cost Problem

November 9, 2021 @ 1:00 pm 2:00 pm

November 9,11,16,18  1:00 – 2:00 pm US Eastern time

Instructor: Nick Katko (nkatko@maskell.com M: 859-608-0683)

Pricing and Registration

  • Individual: $400 per person
  • Group discounts available: 3 or more from same company 20% discount
  • To register contact Nick at nkatko@maskell.com

Self-paced learning option

Don’t worry if you can’t attend the sessions live. All sessions will be recorded. You can complete the course exercises at your own pace while listening to the recordings and schedule one-on-one sessions with BMA to review the exercises. 

Standard costing systems were designed for mass production manufacturing. In a lean company, using the information from standard costing systems to leads to non-lean behavior and poor decisions. In this interactive course you will complete Excel-based exercises to demonstrate why standard costing information:

  • Sends the message that “lean isn’t working.”
  • Motivates non-lean operational decisions
  • Does not measure the impact of improvements
  • Leads to poor decision making in pricing and profitability analyses

Course Schedule

November 9:  Class #1

  • The standard costing problem in lean companies & operational exercises

November 11: Class #2

  • Standard costing leads to poor decisions & profitability exercises

November 16: Class #3

  • Methods to value inventory without standard costing & inventory valuation exercises

November 18: Class #4

  • Approaches to solving the standard costing problem

Meeting Platform: Zoom

Registrants will receive Zoom invitations prior to all classes

Continuing Education Credits for CPAs: 4 hours of CPE credit through this workshop

Field of Study: Specialized Knowledge

Advanced Preparation: None

Program Level: Basic

$400 per person; group discounts available – 3 or more people from one company