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
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18:11:50.00 ACECODE.ONPROCESSINIT coursestatus