By dissecting how cost is organized, categorized and what makes up its parts, as it relates to activities and/or assets, a solid knowledge foundation is laid for the succeeding sections. Upon completion of this course, the participant will be able to:
• Understand what makes up cost such as the basic resources, materials, and labor
• Understand the distinction between cost elements that are directly and indirectly applied
• Relate the cost elements to the life cycle of the asset acquisition, use and disposal
• Use the understanding of cost elements to understand how cost is measured, applied and recorded to arrive at the total activity and/or asset cost
Sorry, this course is inactive. Please contact our office to see if it will be reinstated, or if alternative classes are available.
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12:29:15.40 ACECODE.ONPROCESSINIT coursestatus