Controllable and Non-controllable Costs PREMIUM
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Learning SummaryDescription:
This training module discusses the nature of controllable and non-controllable costs. It defines responsibility accounting and how this management control system is used to assign responsibility to managers for the costs under their specific span of control. It examines those key characteristics that determine whether a cost is controllable or not and shows how the identification of these costs can assist a manager in the planning and budgeting process, and in the evaluation of managerial performance.
Prerequisites:
Who should complete this module:
Managers, supervisors, entrepreneurs, and professionals in any discipline who work in service or manufacturing operations and manage a budget; CPA, CMA, CGMA, and other accounting professionals; educators and students in business and management accounting.
Learning Objectives:
In this module, you will learn to:
1. Define the nature of controllable and non-controllable costs.
2. Explain how controllable and non-controllable costs are used in responsibility accounting.
3. Identify key characteristics of controllable costs.
4. Use these costs to evaluate managerial performance.
1. Define the nature of controllable and non-controllable costs.
2. Explain how controllable and non-controllable costs are used in responsibility accounting.
3. Identify key characteristics of controllable costs.
4. Use these costs to evaluate managerial performance.
Competencies Acquired:
How to identify and use controllable and non-controllable costs for decision-making purposes.
Program Level:
Basic
Duration of Video:
6:04
CPE Credit:
0.5
Delivery Method:
QAS Self Study
Field of Study:
Finance
Additional Info:
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Last Revision Date:
1 Aug 2019
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