Cost management: Material costs and labor costs

Learning objectives

After completing this course, the learner should be able to:

  • Identify recent trends in material and labor cost management
  • Recall key internal controls used to monitor and manage material and labor costs
  • Recognize key steps in accounting for materials and labor costs
  • Identify other unique or unusual considerations in managing material and labor costs
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Instructor bio

Education

  • Marquette University
    • MBA in Business Administration
    • Bachelor's of Science in Business Administration - Accounting 

Licenses & certifications

  • CPA

Organizations

Teaching & instruction

What do you love about Becker?

"I love the opportunity to be able to share the perspectives that I have gained from working with leading Global companies during my career in Becker Educational programs to help people in succeed in Accounting."

What would you tell an accounting student today?

"Understanding an organization from an accounting perspective is the most valuable vantage point to be able to make a positive impact as a leader. As change continues to move at a more rapid pace, continuous and lifelong learning will be essential. Stay curious!"

Becker fun fact

"I enjoy making projects for my family in friends in my woodshop. I also restore and collect vintage pinball and video arcade games in my Basement Arcade that I call the L'Arcade."

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timothy gearty

Instructor bio

Tim Gearty is the National Director and Editor-in-Chief for the world’s largest CPA training program, Becker CPA Review. In addition to his editorial leadership, Tim is also Becker's National Lead Instructor, whose taped lectures are seen in over 325 locations throughout the world. Tim is a nationally recognized expert and speaker on a variety of accounting and tax topics, and has appeared as keynote speaker for several Fortune 100 companies as well as many national associations. He has frequently been called upon over the past twenty years to present accounting and tax topics to large groups, organizations, and corporations, accounting firms and in legal proceedings. Tim is a partner in Gearty & McIntyre, LLP, CPA, a firm which has developed a reputation as a specialist in business advisory services, litigation support and forensic accounting. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Public Accountants as well as a trustee of that organization. He holds a BS in Accounting from Fairleigh Dickinson University, and both a MBA in Finance and Law Degree (JD) from Seton Hall University. Tim is a member of the New Jersey and American Bar Associations.

National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823

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