World-Class Cost Accounting: A Practical Application Part 1
Total Credits: 4 including 2 Accounting - Technical, 2 Auditing- Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing | Industry | Professional Development
- Faculty:
- Craig P. Sobrero
- Course Levels:
- Advanced
- Duration:
- 4 Hours
- License:
- Expires 30 day(s) after program date.
Description
Gain an invaluable skill set to advance your career by learning how to design and apply a comprehensive cost accounting system modeled on a real company. This course shows you how to precisely identify all direct and indirect manufacturing costs for each product, link direct costs to their base drivers, and recognize fluctuating variable and semi-fixed costs that are actually direct in nature. You’ll also learn how to trace certain fixed costs to products, distinguish which fixed costs are directly assignable, and apply budgeting techniques to establish accurate standard costs.
It's highly recommended to take Part 1 before Part 2 as several foundational principles in Part 1 carry forward throughout Part 2.
Basic Course Information
Learning Objectives- Substantially reduce manufacturing overhead allocations
- Identify bases for tracing manufacturing costs to products
- Automatically embed ABC into the cost system
- Methodologies for precise costing
Major Subjects
- Classifying the five cost types
- Direct materials - comprehensive coverage
- Direct labor - including all labor burden costs
- Tracing all the prime costs to products
- Budgeting and setting standard costs
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| World-Class Cost Accounting: A Practical Application (Part 1) Appendix Handout (148 KB) | Available after Purchase | ||
| World-Class Cost Accounting: A Practical Application (Part 1) Slides Handout (131.6 KB) | Available after Purchase | ||
Faculty
Craig P. Sobrero Related Seminars and Products
With 38 years of experience in corporate accounting, including 20 years in high-technology manufacturing in Silicon Valley, Craig Sobrero has built a career distinguished by leadership, financial expertise, and operational excellence. Serving 16 years as Controller and CFO, Craig has designed, implemented, and managed cost accounting systems for high-volume, multi-product manufacturing environments.
In addition to overseeing corporate accounting operations, Craig has been deeply involved in mergers and acquisitions, working with large publicly traded manufacturing companies and gaining hands-on experience with best practices in advanced cost accounting.
Craig holds a B.S. in Business & Industrial Management from San Jose State University, has completed post-graduate accounting coursework, and is a graduate of the Stanford University Advanced Management College Executive Program.
Most recently, Craig has advised several companies on accounting and business practices, securing bank lines of credit and State of California block grant financing.
Currently residing in Grass Valley, California, Craig continues to share his expertise in financial strategy and operational management with organizations navigating growth and change.
Dates
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Fri, Oct 10, 2025 - 9:00 AM to 12:38 PM CDT
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Tue, Nov 11, 2025 - 11:00 AM to 2:38 PM CST
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Fri, Nov 14, 2025 - 9:00 AM to 12:38 PM CST
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Fri, Dec 12, 2025 - 9:00 AM to 12:38 PM CST
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Fri, Jan 09, 2026 - 9:00 AM to 12:38 PM CST
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Mon, Jan 12, 2026 - 11:00 AM to 2:38 PM CST
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Fri, Feb 13, 2026 - 9:00 AM to 12:38 PM CST
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Wed, Mar 11, 2026 - 11:00 AM to 2:38 PM CDT
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Fri, Mar 13, 2026 - 9:00 AM to 12:38 PM CDT
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Fri, Apr 10, 2026 - 9:00 AM to 12:38 PM CDT
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Fri, May 08, 2026 - 9:00 AM to 12:38 PM CDT
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Mon, May 11, 2026 - 11:00 AM to 2:38 PM CDT
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Fri, Jun 12, 2026 - 9:00 AM to 12:38 PM CDT
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Fri, Jul 10, 2026 - 9:00 AM to 12:38 PM CDT
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Mon, Jul 13, 2026 - 11:00 AM to 2:38 PM CDT
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Fri, Aug 14, 2026 - 9:00 AM to 12:38 PM CDT
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Fri, Sep 11, 2026 - 9:00 AM to 12:38 PM CDT
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Fri, Sep 11, 2026 - 11:00 AM to 2:38 PM CDT
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Fri, Oct 09, 2026 - 9:00 AM to 12:38 PM CDT
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Wed, Nov 11, 2026 - 11:00 AM to 2:38 PM CST
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Fri, Nov 13, 2026 - 9:00 AM to 12:38 PM CST
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Fri, Dec 11, 2026 - 9:00 AM to 12:38 PM CST
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Fri, Jan 08, 2027 - 9:00 AM to 12:38 PM CST
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Mon, Jan 11, 2027 - 11:00 AM to 2:38 PM CST
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Fri, Feb 12, 2027 - 9:00 AM to 12:38 PM CST
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Thu, Mar 11, 2027 - 11:00 AM to 2:38 PM CST
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Fri, Mar 12, 2027 - 9:00 AM to 12:38 PM CST
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Fri, Apr 09, 2027 - 9:00 AM to 12:38 PM CDT
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Tue, May 11, 2027 - 11:00 AM to 2:38 PM CDT
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Fri, May 14, 2027 - 9:00 AM to 12:38 PM CDT
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Fri, Jun 11, 2027 - 9:00 AM to 12:38 PM CDT
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Additional Info
Basic Course Information
Prerequisites Background in accounting or bookkeepingAdvanced Preparation None
Designed For CPAs, Controllers, Accounting Managers, and Cost Accountants
Original Recording Date 9/2025
Course Developer Craig P Sobrero
Date Added to Catalog 8/2025
Yellow Book No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
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
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.