Total Credits: 8 including 8 Accounting - Technical
This program explores the five essential components of a successful cost model which applies to any organization. Armed with the knowledge of these components, the Cost Accounting team from William Vaughn Company will utilize case studies to provide examples of how you can effectively implement each step and validate your results. In addition, we identify the most common errors that often result in failure at each step, helping you avoid them. Once you are able to generate accurate costing data, this information has a wide range of uses in both short-term and long-term decision making processes. We cover some of the decisions that can be made and what factors to consider in making them.
Important CPE Credit Information (0.06 MB) | Available after Purchase |
costing cpe (32.09 MB) | 131 Pages | Available after Purchase |
Bill Horst is a Partner who started with William Vaughan Company in 1976. He served as the Managing Partner from 1995 to 2015. Having over 30 years' experience, Bill has developed a specific expertise in a variety of manufacturing processes and accounting systems, as well as manufacturing cost reporting systems. His highly diversified public accounting experience and focus in the manufacturing industry has allowed him to develop skills which can be very useful to a manufacturing company with inventory or costing issues to be addressed.
Prior to joining William Vaughan Company, Bill spent nearly 10 years with a Fortune 500 company. Several those years were spent in manufacturing supervision with some time also spent in inventory control as a shift accountant implementing a new inventory control system on the production floor. As a cost estimator, he worked on new product development and the associated costing. He had extensive experience with the development of a new standard cost system as an assistant to the cost supervisor who had designed and was implementing the new system. Bill worked as an industrial engineer doing time studies and developing work measurement standards all for the standard cost systems and the hourly payroll production incentive program. During his time with the budget department, he developed annual budgets and measured and reported on monthly variances to the department supervisor. Through his experience with that company, he developed a strong understanding of manufacturing cost systems.
Bill is a graduate of The University of Toledo and is the Finance Chairman for the University of Toledo Foundation. He is a member of American Institute and Ohio Society of Certified Public Accountants. He has served as President on the board for both the NW Ohio and SE Michigan Better Business Bureau, and the Northwest Ohio Kidney Foundation.
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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