Solving the Standard Costing Problem

Self-paced learning option

Don’t worry if you can’t attend the sessions live. All sessions will be recorded. You can complete the workshop exercises at your own pace while listening to the recordings. 

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 workshop attendees will complete Excel-based exercises to demonstrate why standard costing information:

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

Workshop Schedule

June 15:  Class #1

• The standard costing problem in lean companies & operational exercises

June 17: Class #2

• Standard costing leads to poor decisions & profitability exercises

June 22: Class #3

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

June 24: 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

Delivery Method: Group Internet

CPE Credits Earned: 4 (You must attend each live class)