Financial Accounting
Industrial Engineering Proper starts from now on. Earlier we covered Principles of Management, Marketing Management, Operations Management and Supply Chain Management. Industrial Engineers provide a service to management and therefore they have to understand these management areas and have to understand opportunities in those management areas to provide industrial engineering services and add value to the value activities (value chain) of the organization.
Industrial engineering is redesign of the engineering products and processes in response to the industry data to make them more profitable and acceptable to the industry stakeholders. Cost data and human factor data are the two most used and applied data in industrial engineering. The definition of Industrial Engineering as "Industrial Engineering is System Efficiency Engineering and Human Effort Engineering" captures both these data - Cost data and Human Factor Data.
Therefore industrial engineers have to understand the measurement of costs and their presentation in various statements and cost objectives.
16 to 19 April
Accounting: The Language of Business
Measuring Income to Assess Performance - Review Notes
Recording Transactions - Review Notes
Accrual Accounting and Financial Statements - Revision
Statement of Cash Flows - Review Notes
Accounting for Sales - Review Notes
Inventories and Cost of Goods Sold - Review Notes
Long-Lived Assets and Depreciation - Review Notes
4th Week
Liabilities and Interest - Review Notes
Intercorporate Investments and Consolidations - Revision Notes
Financial Statement Analysis - Review Notes
Cost Accounting
Cost Measurement - Essential Activity of Industrial Engineering
Introduction to Cost Terms - Review Notes
Traditional Cost Objectives and Their Utility
Job Costing - Review Notes
Cost Allocation: Joint Products and By Products
Activity-Based Costing and Activity-Based Budgeting
Process Costing - Review Notes
May
First Week
Cost Information for Pricing Decisions
Cost Behavior Analysis and Relevant Costs
Costing for Strategic Profitability Analysis
Cost Information for Customer Profitability Analysis
Costing for Spoilage, Rework and Scrap
Costing for Quality, Time and the Theory of Constraints
Costing for Inventory Management, JIT and Backflush
Cost Information and Analysis for Capital Budgeting
Cost Information for Management Control and Performance Control
Cost Information for Transfer Pricing
Second Week
Managerial Accounting
Managerial Accounting or Management Accounting - Review Notes
Relevant Information and Decision Making - Marketing Decisions
Relevant Information and Decision Making - Production
Relevant Information and Decision Making - HR
The Master Budget - Accounting Information
Flexible Budgets and Variance Analysis - Review Notes
Responsibility Accounting for Management Control
Accounting Information for Management Control in Divisionalized Companies
Capital Budgeting - Accounting and Cost Information
One Year Industrial Engineering Knowledge Revision Plan
January - February - March - April - May - June
July - August - September - October - November - December
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