Introduction to Product Costing Change Summary
About this Course
Course Description
Course Objectives
Course Benefits
Audience
Prerequisites
Course Credit and Scheduling
Additional Resources
QAD Learning Center
QAD Document Library
QAD Support
Introduction: Concepts and Definitions
Course Overview
Course Goals
Purpose of Cost Accounting
Manufacturing Cost Flow
Costing Methods
Standard Costing: Example
Standard Cost: Variances
Standard (GL) Cost: Account Flow
Average Costing: Example
Period Costing
Periodic Costing
Study Questions
Terminology and Basic Concepts
Reading the Screen
Cost Sets in QAD EE
Cost Categories
Cost Elements
Study Questions
Levels
Phantom
Domain, Sites, Entities, and Locations
Product Lines
Direct and Indirect Costs
Fixed and Variable Costs
Absorbed vs. Applied Amount
Burden vs. Overhead
Study Questions
Business Issues
Account Structures
Accounting Structures Topics
GL Accounting Structure
Accounting Structure Topics: Reference
GL Reference
Distribution Lines
GL Account Setup Flow
Accounting Structures Topics: Accounts
Product Line and Department Accounts: Overview
Inventory Accounts
Inventory Account Maintenance
Product Line Purchasing Accounts
Sales Accounts
Sales Account Maintenance
Product Line Work Order Accounts
Work Order Account Maintenance
Product Line Service Accounts
Product Line Consignment Accounts
Product Line Accounts: Summary
Study Questions
Department Accounts
Summary of Department Accounts
Site Accounts
Quality Management Control
Study Question Answers
Study Question Answers
Variances and Components Reference
Purchase-Related Variances
Manufacturing-Related Variances
Variances by Transaction Flow
Components of Item Cost
Introduction to Product Costing Change Summary
Components of Item Cost