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by Patrick Shanley
This podcast explains the importance of responsibility accounting, and it describes the different ways to measure the performance of investment centers. This podcast will show the differences in income and profit along with the advantages and disadvantages of using ROI, Residual Income, and EVA to evaluate performance.
By Jeff Bardsley
Award Nominee
This podcast outlines the application of the variable and absorption methods used to estimate net income, as well as an explanation of the differences inherent in each method.
by Cara Smaniotto
This podcast explains the importance of capital investment decision making for managers of companies. It describes the four basic methods used when deciding whether or not to accept or reject the investment project. It also looks into the specific criteria used when evaluating whether or not projects will benefit a company.
AWARD WINNER - Training Category
This podcast explains the differences between the two approaches to measuring profit: Absorption vs Variable Costing. It will show examples as to what causes the differences in operating income when each approach is used, and which method gives a more useful number when it comes to making decisions. Absorption Costing assigns a share of FMOH to each unit, while Variable Costing expenses all FMOH as a period cost.
by Jordan McGhee
Award Nominee
Activity-Based Costing is the process of assigning an organization’s costs through activities to the products and services provided. This podcast gives an example of how a company goes about assigning costs of activities to the products it provides.
by Ted Mangan
This Podcast gives a detailed description of Cost-Volume-Profit Analysis. It addresses how to calculate the break even point for both single and multiple product analysis. It also covers the risk and uncertainty that is involved in these calculations and analysis.
by Catherine Lofland
Award Nominee
Goods are typically transferred through many different processes before being becoming finished goods. In a process costing system, the units in ending work in process inventory are obviously not complete, and the units that were in beginning work in process inventory only needed a certain amount of productive effort before they were finished. To account for these units, we need to find “equivalent units of production,” which are essentially the total number of complete units that could have been manufactured given the amount of productive effort expended during the period. In this podcast I will walk you through the computation of equivalent units of production using both the FIFO and Weighted Average methods.
by Jimmy Long
This podcast describes the method for accounting for overhead in a Job Order System. In a Job Order System actual overhead costs are not tracked to jobs individually. This podcast teaches you how overhead is allocated using a predetermined rate and how to account for differences between applied and actual overhead amounts. Another issue covered is problems with using a predetermined rate and how it can be adjusted to be more accurate. All this is taught in a step by step example of overhead allocation.
by Colleen Muldoon
This podcast compares and contrasts the three cost allocation methods - direct, sequential, and reciprocal. An example exploring cost allocation in a furniture manufacturing problem gives an in-depth look into the pros and cons of using each of the three techniques.
