Cost Accounting Module 5: Flexible Budgets and Overhead Analysis (KLplus CPE Course)

This basic-level online tutorial covers flexible budgets and overhead analysis and how they are used by management to control operations.

Program Registration:

Launch Course

For additional registration information, click here.

Learning Objectives:

Upon completion of this course, the learner will be able to:

• Understand why organizations use budgets
• Understand the type of budgets organizations use
• Explain the limitations of static budgets
• Explain the benefits of flexible budgets
• Explain how management uses flexible budgets
• Identify the types of variable and fixed and overhead variances
• Calculate variable and fixed overhead variances

Estimated Course Duration: 1 hour (1CPE)

Delivery Method: Online Self-Study

Field of Study: Accounting

Program Level: Overview

Advance Preparation/Prerequisites: None

Program Content:

Budgets
Annual Profit Plan

• Master Budget
• Sales Budget
• Production/Inventory Budgets

Production Budgeting Process

• Static Budgets
  • Disadvantages of Static Budgets
• Flexible Budgets
  • Input Based Budget
  • Output Based Budget
    

Fixed Overhead Rate
Variable Overhead Components

• Spending Variance
  • Computing the Spending Variance
• Efficiency Variance
  • Computing the Efficiency Variance

Fixed Overhead

• Spending Variance
• Volume Variance

Utilization Capacity

Download PDF Course Description:



(1 page, 43 KB)

Program Registration:

1. Login to KnowledgeLeader account

2. Click on Launch Course.

3. The link takes you to the KLplus Login window.

4. Enter your email address and password and then click the Submit button.

5. The training module will launch automatically. NOTE: Most training modules are narrated. To view speaker notes during the presentation, click the Notes tab.


In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.

Complaint Resolution Policy/Refund Policy:

For more information regarding refund, complaint and program cancellation policies, please contact our offices at (866) 923-8513 or if outside the U.S., please call +1 (925) 598-7771. You may also email us at knowledgeleader@protiviti.com.

Protiviti 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.learningmarket.org.