Cost Accounting Fundamentals

Price: $129.50

CPE Credits: 14.0

Category:

Course Number: AACSBCAFR

cost accounting

Description:
Cost Accounting Fundamentals addresses all aspects of cost accounting, including how to compile inventory costs, when to use job costing, process costing, and standard costing, and how to allocate joint costs. We also explain how to use cost accounting in the development of new products and their prices, as well as how to conduct analyses with direct costing, activity-based costing, and constraint analysis.  Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: September 2011
Update: March 2016

Format: PDF
Pages: 243

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• Cite the situations in which the cost accountant has a role.
• Note the working relationships of the cost accountant.
• Cite the types of costs involved in the study of cost accounting.
• Recognize the methods available for deriving inventory costs and the cost of goods sold.
• State the entries used to compile job costs.
• Differentiate between the calculations used for the different forms of process costing.
• Note how to calculate the different variances associated with standard costs.
• Identify the various methods for allocating joint costs, as well as the effects of allocations on profitability.
• Note the proper accounting for various types of spoilage, rework, and scrap.
• Recognize the types of costs to include in the formulation of a product price, and the circumstances under which these costs may be included or excluded.
• Identify the process by which target costs are derived, and how that target can be met.
• Note how transfer pricing works, and the situations in which to use different transfer pricing methods.
• State the circumstances under which direct costing can be used as an analysis tool.
• Recognize the process for compiling activity-based costs, as well as how allocation bases, cost pools, and activity drivers are used.
• Recognize the components of constraint analysis, and how to use this analysis to improve profits.
• Recognize the various methods for reviewing a capital budgeting proposal.
• Cite the methods used to accumulate costs, and the circumstances in which they are most useful.
• Identify the extent to which costs can change in reaction to different circumstances.
• Identify the types of costs associated with the quality concept.

Description:
Cost Accounting Fundamentals addresses all aspects of cost accounting, including how to compile inventory costs, when to use job costing, process costing, and standard costing, and how to allocate joint costs. We also explain how to use cost accounting in the development of new products and their prices, as well as how to conduct analyses with direct costing, activity-based costing, and constraint analysis.  Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: September 2011
Update: March 2016

Format: PDF
Pages: 243

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• Cite the situations in which the cost accountant has a role.
• Note the working relationships of the cost accountant.
• Cite the types of costs involved in the study of cost accounting.
• Recognize the methods available for deriving inventory costs and the cost of goods sold.
• State the entries used to compile job costs.
• Differentiate between the calculations used for the different forms of process costing.
• Note how to calculate the different variances associated with standard costs.
• Identify the various methods for allocating joint costs, as well as the effects of allocations on profitability.
• Note the proper accounting for various types of spoilage, rework, and scrap.
• Recognize the types of costs to include in the formulation of a product price, and the circumstances under which these costs may be included or excluded.
• Identify the process by which target costs are derived, and how that target can be met.
• Note how transfer pricing works, and the situations in which to use different transfer pricing methods.
• State the circumstances under which direct costing can be used as an analysis tool.
• Recognize the process for compiling activity-based costs, as well as how allocation bases, cost pools, and activity drivers are used.
• Recognize the components of constraint analysis, and how to use this analysis to improve profits.
• Recognize the various methods for reviewing a capital budgeting proposal.
• Cite the methods used to accumulate costs, and the circumstances in which they are most useful.
• Identify the extent to which costs can change in reaction to different circumstances.
• Identify the types of costs associated with the quality concept.

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