Accounting for Spoilage, Rework and Scrap, with Balanced Scorecard

HRODC Postgraduate Training Institute
In Central London, Wolverhampton (England)

£ 4,000 - (Rs 3,31,310)

Important information


Suitable for: This course is designed for: Chartered Accountants, Certified Accountants, Licensed Accountants, Cost Accountants, Management Accountants, Organisational Decision-makers, Inventory Managers, Quality Managers, pricing Specialists, balanced Scorecard Specialists, Etc.

Important information

Requirements: Degree or Work Experience


Where and when

Starts Location
Central London
Carburton Street, W1W 5EE, London, England
See map
122a Bhylls Lane, WV3 8DZ, West Midlands, England

What you'll learn on the course

Accounting MBA
Quality Training
Rework and Scrap
Contribution Analysis

Course programme

Course Contents, Concepts and Issues:

Spoilage, Rework and Scrap

  • Basic Terminology
  • Accounting for Spoilage
  • Types of Spoilage
  • Process Costing and Spoilage
  • Inspection Points and Spoilage
  • The Five-Step Procedure for Process Costing with Spoilage
  • Job Costing and Spoilage
  • Job Costing and Accounting for Spoilage
  • Job Costing and Rework
  • Accounting for Scrap
  • Aspects of Accounting for Scrap
  • Number of Units of Normal and Abnormal Spoilage Changes, Depending on When Inspection Occurs

Balanced Scorecard: Quality, Time and Theory of Constraints

  • Quality as a Competitive Tool
  • Two Basic Aspects of Quality
  • Quality and Failure
  • Four Perspectives of the Balanced Scorecard
  • The Financial Perspective: Costs of Quality (COQ)
  • Elements of Costs of Quality Reports
  • Cost of Quality Exclusions
  • The Customer Perspective
  • The Internal Business Process Perspective
  • Control Charts
  • Pareto Diagrams
  • Cause-and-Effect Diagrams
  • Nonfinancial Measures of Internal Business Process Quality
  • The Learning and Growth Perspective for Quality
  • Advantages of COQ (Financial) Measures
  • Advantages of Nonfinancial Measures of Quality
  • Time as a Competitive Tool
  • Two Operational Measures of Time
  • Time Drivers
  • Simple Time Presumptions
  • Theory of Constraints and Throughput- Contribution Analysis
  • Four Steps in Managing Bottleneck Operations
  • Methods to Relieve Bottlenecks
  • The Balanced Scorecard and Time-Related Measures

Additional information

Accounting for Spoilage, Rework and Scrap, with Balanced Scorecard - Leading to Diploma-postgraduate, Progressing to Postgraduate Diploma, Accumulating to Ma, Mba, Msc, Incorporating Process Costing, Job Costing, Cost of Quality (coq), Pareto Diagrams (london)