Course

Objective:

Learning Outcomes:

• Describe fundamental cost accounting concepts and define basic cost behaviors
• Identify the fundamentals of cost-volume profit (CVP) analysis and understand the effect of cost structure on decisions
• Understand how to use and apply differential analysis to pricing and production decisions
• Perform various cost estimation methods for planning purposes
• Explain the fundamentals of product and service costing
• Analyze and perform activity-based costing
• Apply cost management fundamentals to add value
• Allocate joint cost and service department costs using different methods to make decisions to sell goods or process them further
• Describe the use of planning and budgeting in merchandising and service organizations
• Describe the issues associates with transfer pricing and their economic consequences
• Describe the fundamentals of variance analysis and apply to different situations
• Explain and use additional topics in variance analysis
• Describe how cost accounting applies to the decision-making process and performance evaluation in organizations
• Define and compute the cost of product or service using job costing
• Compare and contrast job costing with process costing
• Assign costs to products using either weighted-average, FIFO, LIFO costing via a five step process
• Prepare and analyze a production cost report
• Identify and explain the fundamentals of management control systems
• Interpret and use different business unit performance measures
• Explain how performance measures can be used to support a business strategy

General Topics: