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Solving the Standard Costing Problem
June 15, 2021 @ 11:00 am – 12:00 pm
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)