Cost Accounting Fundamentals: Essential Concepts and Examples ON DEMAND
Available Until
Your Desk
14.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Cost accounting is a critical field for accountants and finance professionals, characterized by its intricate concepts and diverse methodologies. This course addresses the complex nature of this area, offering a comprehensive guide for both practicing accountants and students. Are you challenged by the multifaceted aspects of inventory valuation, product pricing, and cost analysis methods? This course meticulously explains key cost accounting concepts, illustrated through numerous examples. It delves into various significant topics including job costing, process costing, standard costing, activity-based costing, and capital budgeting analysis. Moreover, it provides a detailed insight into the role of cost accounting in product pricing, handling waste products, and understanding the cost of quality. By participating in this course, you will gain the skills to effectively apply these concepts in real-world scenarios, enhancing your professional competency in the diverse and demanding field of cost accounting.
Highlights
Cost accounting. Cost accountant job description. Types of costs. Inventory valuation. Job casting. Process costing. Standard costing. Joint and by-product costing, and more.
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, 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 $67.00
Member Price $58.00