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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