Upon successful completion of this course, participants will be able to: Chapter 1 List a common line item found in a flash report Specify when a rate variance may use a different designation Define a volume variance in direct labor Calculate selling price variance when given a set of variables Name a possible cause of poor sales volume variance Chapter 2 Cite a cause of material yield variance State a way to eliminate the lag in the daily bank deposit due to cash application Name a bank lockbox advantage and an alternative to it Define remote deposit capture Identify tasks that can be performed by online payment apps Chapter 3 Identify issues that can be resolved with a courtesy call Define the grace period Cite an area where A-B testing is useful Name a risk that results from freezing customer orders Define a postdated check Specify when to use the promissory note approach or file a claim in small claims court Chapter 4 Identify the necessity for having different budget iterations List ratios that help to enhance a budget model's reasonableness Cite an issue that may occur when changing from a material requirements system to a just-in-time system Calculate direct material purchases Specify when the crewing method would be used in budgeting State expenses that are part of specific budgets Chapter 5 Define constraint analysis and throughput Name a reason that payback method is helpful for analyzing the capital budget Cite why a post-installation review is conducted

Management Reports Cash Receipts Management Collection Tactics Budgeting Capital Budgeting