
Solving the Standard Costing Problem Online Workshop
August 10 @ 11:00 am – 5:00 pm
Solving the Standard Cost Problem
A BMA online, interactive course
August 10, 2022
Three 90-minute sessions:
11:00 – 12:30
1:30 – 3:00
3:30 – 5:00
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; $320 per person
- To register: https://www.eventbrite.com/e/solving-the-standard-costing-problem-tickets-382918458417
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
August 3: Session #1
- Defining the standard costing problem
- Why using standard costing leads to poor operating decisions
- How lean performance measurements replace standard costing
August 3: Session #2
- Why standard costing leads to poor financial decisions
- Why standard costing should not be used to analyze profitability
- How box scores replace standard costing
August 3: Session #3
- Eliminating unnecessary ERP transactions
- Eliminating waste in setting standards
- Using lean inventory valuation methods to replace standard costing
Meeting Platform: Zoom
Registrants will receive Zoom invitations prior to all classes
Continuing Education Credits for CPAs: 4.5 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: 4.5 (You must attend each live class)