1 CPE In today’s competitive marketplace, management’s focus is always on profitability. Companies that are profitable have happier customers, investors and shareholders. Access to capital to grow and expand is always predicated on profitability. The most successful companies know how to manage overhead expenses and reduce their costs to drive profitability.
This course focuses on how to manage, evaluate and take action to optimize overhead expenses.
Learning Objectives
- Define the different types of overhead and how they impact decision making.
- Describe how companies manage and control overhead.
- Articulate the process for allocating overhead to cost objects and products.
- Evaluation and discussion of the overhead variances for variable and fixed overhead.
- Observe how to calculate overhead variances, evaluate performance and identify root causes and solutions.
Last updated/reviewed: March 7, 2024
17 Reviews (84 ratings)
Reviews
Anonymous
(CFO)
As a heavy visual learner, I struggled a bit with the slides. The slides do a good job showing definitions, but it would be more helpful to show all of the variance calculations with more labeling. There are three slides that have calculations, but one of them is unclear, and there likely need to be several more.
Tim Philips
(Controller at Self)
This was academic in tone. People in mfg facilities don't use these terms and this could be improved by making the jargon tailored towards that audience. Frankly, using these terms is what frustrates management about accountants, of which I am one.
Anonymous
(PRESIDENT)
GOOD OVERVIEW. Definitely wanna dive more in depth of the different material and do you have some follow questions on how it pertains to my business. But definitely help and is a good starting point.
Anonymous
(Director of Finance and Contracts)
Some important concepts were brushed by, while others were too thoroughly reviewed. I did learn about production volume variances though and in a services industry, that was interesting.
Alex Ristevski CTP, CRC
(VP, Portfolio Manager at SunTrust Bank)
Good overview of management accounting. Presenter was thorough, defined key terms, and provided illustrations.
Anonymous
(Independent Financial Consultant)
Good introductory class (or refresher) for management of overhead costs. I liked the review questions.
Anonymous
(CPA)
Excellent course. Very well developed, prepared and presented with practical examples and insights.
Anonymous
(Financial Services Professional)
Well presented and explained with examples. The whole topic is covered within a short time span.
Elena Colombo
(NA at NA)
the course is well organized, maybe I would have preferred to have more supporting material.
Anonymous
(CFO)
The course was good, the formatting of the slides was hard to follow.
Anonymous
(General Accounting Manager)
Like the instructor. He is concise and explains things very well.
Anonymous
(Not Provided)
Informative presentation on learning about company's overhead.
Anonymous
(Sr. Institutional Fixed Income Trader)
This course makes you do some hard thinking..good course
Anonymous
(CFO)
good review of the basics for overhead accounting
Anonymous
(Partner and Chief Financial Officer)
Good examples and diagrams in the slides.
Anonymous
(Vice President of Finance )
Good slides, pretty good presentation
John Kogan
View Instructor Profile
Loved the instructor.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
David FiondaCloud Accounting Expert
About Illumeo
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