Cost Accounting Fundamentals: Essential Concepts and Examples ON DEMAND
Available Until
Your Desk
14.0 Credits
Member Price $364.00
Non-Member Price $419.00
Overview
Cost Accounting Fundamentals describes the key cost accounting concepts that concern the practicing cost accountant, illustrating these concepts with numerous examples. The course is designed for both professional accountants and students, since both can benefit from its detailed descriptions of inventory valuation methods, product pricing techniques, cost analysis methods, and more.
Highlights
Cost Accounting. Cost Accountant Job Description. Types of Costs. Inventory Valuation. Job Casting. Process Costing. Standard Costing. Joint and By-Product Costing. Waste Accounting. Product Pricing. Target Costing. Transfer Pricing. Direct Costing. Activity-Based Costing. Constraint Analysis. Capital Budgeting Analysis. Cost Collection Systems. Cost Variability. Cost of Quality.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify the situations in which we use cost accounting. List and recognize the responsibilities and necessary qualifications 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. Identify when you should use job costing and compile the cost of a job. Recognize when you should use process costing, and use the various methods for compiling process costs, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $419.00
Member Price $364.00