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| Author : | Jae K. Shim, Ph.D., CPA |
| Status : | Production |
| CPE Credits : | 9.0 |
| IRS Credits : | 0 |
| Price : | $80.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1754 |
| Description : | Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The course is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use. Topics include strategic cost management, analysis of costs; break-even and contribution analysis; cost behavior analysis; activity-based costing (ABC); responsibility accounting and corporate balanced scorecard (CBS); budget for profit planning; short-term decisions; capital budgeting. |
| Usage Rank : | 0 |
| Release : | 2020 |
| Version : | 1.0 |
| Prerequisites : | Basic Math and Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Cost Accounting
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 01-Dec-2020 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1754 |
| Keywords : | Accounting, Analyzing, Cost, Data, Management, Management, /, Cost, Accounting, v10, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
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| Course Contents : | Chapter 1: Introduction to Management Accounting Learning Objectives Financial Accounting versus Management Accounting The Work of Management Cost Accounting versus Management Accounting The Organizational Aspect of Management Function Controllership Cost Accounting Standards Board Managerial Accounting in the New Production Environment Total Quality Management and Quality Costs Continuous Improvement (Ci) and Benchmarking Business Process Reengineering (BPR) Corporate Balanced Scorecard Theory of Constraints (TOC) and Bottlenecks Management The Certified Management Accountant (CMA) The Certified Internal Auditor (CIA) Chapter Summary Chapter 1 Review Questions Chapter 2: Cost Classifications and Profit Concepts Learning Objectives Cost Classifications Costs by Management Function Product Costs and Period Costs Direct Costs and Indirect Costs Variable Costs, Fixed Costs, and Mixed Costs Unit Costs and Total Costs Costs for Planning, Control, and Decision Making Merchandising versus Manufacturing Organizations Income Statements and Balance Sheets for a Manufacturer The Contribution Income Statement Chapter Summary Chapter 2 Review Questions Chapter 3: Accumulation of Costs - Job Order Costing Learning Objectives Job Order Costing and Process Costing Compared Job Order Costing Job Cost Records Job Order Costing - Illustration Factory Overhead Application Predetermined Factory Overhead Rate Disposition of Under- and Over-Applied Overhead Plant-wide versus Departmental Overhead Rates Chapter Summary Chapter 3 Review Questions Chapter 4: Activity-Based Costing and Activity-Based Management Learning Objectives Composition of Product Cost Overhead Costing: A Single-Product Situation Overhead Costing: A Multiple-Product Situation Plant-Wide Overhead Rate Departmental Rates Plant-Wide Rate versus Departmental Rates Problems with Costing Accuracy Why Volume-Related Cost Drivers Fail Activity-Based Product Costing First-Stage Procedure Second-Stage Procedure Comparison of Product Costs The Choice of Cost Drivers Using Activity-Based Costing To Make Marketing Decisions Activity-Based Management Process value analysis Understanding What Causes Costs Value-Added and Nonvalue-Added Activities Activity Drivers and Categories The Value Chain of the Business Functions Strategic Cost Analysis Chapter Summary Chapter 4 Review Questions Chapter 5: Break-Even and Cost-Volume-Profit Analysis Learning Objectives Questions Answered by CVP Analysis Contribution Margin (CM) Break-Even Analysis Graphical Approach in a Spreadsheet Format Determination of Target Income Volume Impact of Income Taxes Margin of Safety Some Applications of CVP Analysis and What-If Analysis Sales Mix Analysis Assumptions Underlying Break-Even and CVP Analysis Chapter Summary Chapter 5 Review Questions Chapter 6: Analysis of Cost Behavior and Cost Estimation Learning Objectives A Further Look at Costs by Behavior Types of Fixed Costs - Committed or Discretionary Analysis of Mixed (Semi-variable) Costs Relevant Range Engineering Analysis Account Analysis The High-Low Method Regression Analysis Regression Statistics Correlation Coefficient (R) and Coefficient of Determination (R2) Use a Spreadsheet Program for Regression Chapter Summary Chapter 6 Review Questions Chapter 7: Budgeting for Profit Planning and Financial Modeling Learning Objectives Types of Budgets Illustration The Sales Budget Monthly Cash Collections from Customers The Production Budget Inventory Purchases – Merchandising Firm The Direct Material Budget The Direct Labor Budget The Factory Overhead Budget The Ending Finished Goods Inventory Budget The Selling and Administrative Expense Budget The Cash Budget Cash Budget The Budgeted Income Statement The Budgeted Balance Sheet Some Financial Calculations Chapter Summary Chapter 7 Review Questions Chapter 8: Responsibility Accounting and Cost Control through Standard Costs Learning Objectives Responsibility Accounting and Responsibility Center Standard Costs and Variance Analysis General Model for Variance Analysis Materials Variances Labor Variances Variable Overhead Variances Flexible Budgets and Performance Reports Fixed Overhead Variances Methods of Variance Analysis for Factory Overhead Nonfinancial Performance Measures Chapter Summary Chapter 8 Review Questions Chapter 9: Performance Evaluation, Transfer Pricing, and Decentralization Learning Objectives Rate of Return on Investment (ROI) The Breakdown of ROI -- Du Pont Formula ROI and Profit Planning Residual Income (RI) Residual Income and Economic Value Added Investment Decisions under ROI and RI Corporate Balanced Scorecard Transfer Pricing Market Price Cost-Based Price: Variable or Full Absorption Cost Negotiated Price Chapter Summary Chapter 9 Review Questions Chapter 10: Relevant Costs and Short-Term Decisions Learning Objectives Relevant Costs Defined Pricing a Special Order Bid Price Outsourcing: The Make-or-Buy Decision The Sell-or-Process-Further Decision Keeping or Dropping a Product Line Product Mix Decisions in the Presence of Limited Resources Theory of Constraints Chapter Summary Chapter 10 Review Questions Chapter 11: Long-Term Investment and Capital Budgeting Decisions Learning Objectives What Are the Types of Investment Projects? Understanding the Time Value of Money How Do You Calculate Future Values - How Money Grows? Future Value of an Annuity What Is Present Value - How Much Money Is Worth Now? Present Value of Mixed Streams of Cash Flows Present Value of an Annuity How Do You Measure Investment Worth? Payback Period Accounting Rate of Return Internal Rate of Return Net Present Value Spreadsheet IRR and NPR Functions Profitability Index Selecting the Best Project Mix with a Limited Budget Chapter Summary Chapter 11 Review Questions Chapter 12: A Further Look at Capital Budgeting Learning Objectives How Do Income Taxes Affect Investment Decisions? The Long and Short of After-Tax Cash Flows Initial Investment - Incremental Investment Tax Effects of Disposal Out-of-pocket outlays: Installed cost of machine Increased taxes from sale of old machine (15,000-$10,000)(.4) Increased investment in inventory Total Outlays Salvage value of old machine Initial outlay Terminal Cash Flow Types of Depreciation Methods Straight-Line Method Sum-of-the-Years'-Digits (SYD) Method Double-Declining-Balance (DDB) Method Units of Production Method Which Method to Use How Does MACRS Affect Investment Decisions? Chapter Summary Chapter 12 Review Questions Appendix - Financial Tables Table 1 Future Value of $1 Table 2 Future Value of an Annuity of $1 Table 3 Present Value of $1 Table 4 Present Value of an Annuity of $1 Glossary |
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