During this course you will:

• Learn the critical difference between Cost Accounting and Managerial Costing
• Discover why the traditional, direct labor-based cost model just doesn’t work anymore
• Understand why “Causality” is the most critical factor in effective cost modeling
• Discover a “Conceptual Framework” for creating a manufacturing firm’s cost model
• Understand why customer costing is as important as product costing
• Learn to use “Causality” to both predict costs and assign them to processes, products and customers
• Understand how accounting’s historical, financial costs must be converted to future, economic costs for effective decision making
• Learn how “Causality” can be used to model unique costing situations