Course

Objective:

Learning Outcomes:

• Use cost accounting formulas, such as those used to calculate the break-even point, target net income, gross profit margin, and contribution margin
• Assess how different industries use activity-based costing methods to determine the costs of various products or services
• Break down the purpose and components of the master budget
• Dissect the process of CVP analysis to determine the relationship between company costs, revenue and sales volume
• Summarize effective techniques for estimations and planning, such as using employ regression analysis to achieve project cost goals
• Break down various aspects of cost accounting in inventory, such as inventory accounts, goods and inventory statements, and methods of inventory cost calculations
• Evaluate modern trends in managerial accounting and their effects on business strategy, such as how and why predictive accounting has risen in popularity
• Differentiate the components and purposes of various costing methods, techniques, and formulas including cost accounting, job-order costing systems, process costing, and variable and activity-based costing

General Topics: