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30-Day Money-Back Guarantee

This course includes:

  • 1 hour on-demand video
  • 1 downloadable resource
  • Full lifetime access
  • Access on mobile and TV
Finance & Accounting Accounting & Bookkeeping Management Accounting

Introduction to Manufacturing Accounting - Standard Costing.

Standard Costing in a ´Widget´ Environment.
Rating: 4.0 out of 54.0 (1 rating)
9 students
Created by Daniel W Elliot, CPA, CGA
Last updated 10/2020
English
English [Auto]
30-Day Money-Back Guarantee

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

14 sections • 21 lectures • 1h 4m total length

  • Preview01:54

  • Lesson 1
    02:17

  • Quiz #1
    10 questions

  • Lesson 2
    02:41
  • Lesson 2 continued
    02:27

  • Lesson 3
    02:03
  • Lesson 3 continued
    02:25

  • Quiz #2
    5 questions

  • Lesson 4
    03:27

  • Lesson 5
    02:43

  • Lesson 6
    03:24

  • Lesson 7
    05:44

Instructor

Daniel W Elliot, CPA, CGA
Professional Accountant
Daniel W Elliot, CPA, CGA
  • 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.

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