Cost Accounting Applications

Available Anytime
Location: Online
1Credits
Technical Business
Registration is Open
FICPA Members
$60.00 Regular Price
Nonmembers
$70.00 Regular Price
Product Code: AI23-FLP21_MAA5
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Business Management & Organization

Overview:

Costs shouldn't manage you.

You will learn how to provide key data to managers for planning and controlling, as well as data on costing products, services, and customers. By focussing on analyses, uses, and procedures instead of procedures alone, you can recognize cost accounting as a value-added customer enhancing tool.

Acquire new skills to demonstrate your proficiency:

  • Manufacturing and nonmanufacturing costs
  • Direct or indirect costs
  • Overhead costs

Gain practical experience.

The exercises use genuine examples and are designed to give you real-world knowledge on how to apply daily cost accounting principles. Acquire a deeper understanding of the strategic importance of the cost accounting application and finance business partnering role.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Objectives:

Learning Outcomes

  • Identify the uses of, and different profits calculated under, absorption and marginal costing.
  • Calculate appropriate cost inputs for full product cost using overhead absorption rates per unit of production (or service provision).

Major Topics:

Key Topics

  • Absorption and Marginal Costing
  • Cost allocation, apportionment, and absorption

Designed For:

Who Will Benefit

  • Global accounting and finance professionals
  • Management accounting professionals
  • CPAs in public practice with manufacturing clients
  • Supply chain professionals


Prerequisite:

Introduction to Cost Accounting