Introduction to Manufacturing Accounting - Standard Costing.
What you'll learn
- An introduction to Accounting in a Manufacturing Environment.
- This course focuses on Standard Costing for 'Widget' type products.
- Includes a Case Study, and a demonstration on an Accounting program.
Requirements
- A good understanding of General Accounting and book-keeping as this is a specialty course.
Description
This course is an introduction to Accounting in a Manufacturing environment, where you wish to use Standard Costing for accounting for the costs of making the items. Students will learn about: Inputs, Standards, Raw Materials, Work in Process, Finished Goods, and Cost of Goods Sold. We also have a detailed bonus lesson on Overhead Allocation. We will look at a case study, and have a demonstration on an Accounting software program.
Who this course is for:
- Accounting Technicians, book-keepers, and busines owners who are engaged in a Manufacturing organization.
- People who are new to Accounting, and are interested in expanding their knowledge.
Course content
- Preview01:54
Instructor
![Daniel W Elliot, CPA, CGA](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.0 Instructor Rating
- 1 Review
- 15 Students
- 4 Courses
I have been an Accountant for over 20 years, and have worked in Government, Not for Profit, Income Tax Audit, and Private Industry, including Manufacturing.
In addition to being an Accountant, I served as a Military Aircraft Mechanic for 5 years, and worked for 3 years as an Operations Manager with a Vocational Training Program in the Canadian Federal Penitentiary system, where we manufactured goods for re-sale as part of this important reintegration program.
I am now self employed as an Organizational Advisor and Teacher, and am an entrepreneur in the Property Management Sector.
In my last position as an Accountant, I was a Regional Comptroller of a Federal Government department for 8 years, where I was responsible for Budget Management, Accounting Operations, Contracting, Procurement, and Material Management.
Prior to this, I was a General Manager for 3 years for a Special Operating Agency that manufactured various items in the Federal Penitentiary system. This organization operated on a Private Sector funding platform.
I have been an Income Tax Auditor for 3 years, a Treasurer for a not-for-profit organization for 5 years part-time, and worked in the Private Sector as a Manufacturing Accountant for 3 years.