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Analyzing Cost Data for Management (Management / Cost Accounting) - v12 (Course Id 1754)

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Author : Jae K. Shim, Ph.D., CPA
Course Length : Pages: 135 ||| Review Questions: 61 ||| Final Exam Questions: 45
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 : 2022
Version : 1.0
Prerequisites : Basic Math and Accounting.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 31-Jan-2023
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, v12, cpe, cpa, online course
Learning Objectives :

Chapter 1
Introduction to Management Accounting

After studying this chapter, you will be able to:
  • Recognize the concerns of management accounting.
  • Recognize the function of management in planning, controlling and decision making, and the role of the financial management.
  • Identify some popular certificates that recognize the expertise in the fields of cost/managerial accounting and internal auditing

Chapter 2
Cost Classifications and Profit Concepts

After studying this chapter, you will be able to:
  • Identify examples of each of the basic cost elements involved in the manufacture of the product.
  • Recognize various cost concepts, and differentiate between the traditional income statement and the contribution income statement.

Chapter 3
Job Order Costing

After studying this chapter, you will be able to:
  • Recognize different approaches to costing such as job order costing and the objectives of a cost accounting system.
  • Identify the benefits and disadvantages of different costing approaches.

Chapter 4
Overhead Allocation

After studying this chapter, you will be able to:
  • Recognize cost components used for activity-based costing (ABC).
  • Recognize attributes tracked to in a value chain analysis.

Chapter 5
Cost-Volume-Profit Analysis

After studying this chapter, you will be able to:
  • Recognize various contribution margin concepts.
  • Identify several factors used to compute a cost-volume-profit analysis.
  • Calculate break-even points and recognize ways to the reduce break-even point.

Chapter 6
Cost Behavior Analysis

After studying this chapter, you will be able to:
  • Recognize the advantages and disadvantages of the classifying cost behaviors and types.
  • Recognize methods for estimating the cost-volume formula.

Chapter 7
Budgeting System

After studying this chapter, you will be able to:
  • Recognize major steps in the preparation of a budget.
  • Recognize how a financial modeling approach may be used in the planning process.

Chapter 8
Control of Cost Center

After studying this chapter, you will be able to:
  • Distinguish among three types of responsibility centers.
  • Identify different types of variances for manufacturing costs and the managerial significance of these variances.
  • Identify the different variance analysis techniques for factory overhead.

Chapter 9
Evaluation of Investment Centers

After studying this chapter, you will be able to:
  • Identify the primary differences between centralized and decentralized in performance evaluation.
  • Recognize how ROI, RI (residual income), and EVA (economic value added) measurements affect the division's investment decision.
  • Recognize the basic features of the Corporate Balanced Scorecard.

Chapter 10
Making Short-Term Decisions

After studying this chapter, you will be able to:
  • Identify the costs that are relevant for a particular decision.

Chapter 11
Making Long-Term Decisions

After studying this chapter, you will be able to:
  • Recognize several concepts involved with the time value of money.
  • Identify the types and special features of several capital budgeting techniques.
  • Calculate internal rate of return.

Chapter 12
The Effect of Income Tax on Investment Decisions

After studying this chapter, you will be able to:
  • Recognize how income tax factors affect investment decisions.
Course Contents :

Chapter 1:   Introduction to Management Accounting

Learning Objectives

Nature and Scope of Management Accounting

Cost Accounting Standards Board

Management Accounting Philosophies

Professional Certifications


Chapter 1 Review Questions

Chapter 2:    Cost Classifications and Profit Concepts

Learning Objectives

Cost Classifications

Merchandising vs. Manufacturing Organizations

Contribution Income Statement


Chapter 2 Review Questions

Chapter 3:    Job Order Costing

Learning Objectives

Job Order vs. Process Costing

Overhead Application

Comprehensive Illustration


Chapter 3 Review Questions

Chapter 4:    Overhead Allocation

Learning Objectives

Weakness in Traditional Methods

Activity-Based Costing

Activity-Based Management


Chapter 4 Review Questions

Chapter 5:    Cost-Volume-Profit Analysis

Learning Objectives


What-If Analysis

Sales Mix


Chapter 5 Review Questions

Chapter 6:    Cost Behavior Analysis

Learning Objectives

Types of Cost by Behavior

Cost Estimation Methods


Chapter 6 Review Questions

Chapter 7:    Budgeting System

Learning Objectives

Types of Budgets

Operating Budget

Financial Budget


Chapter 7 Review Questions

Chapter 8:    Control of Cost Center

Learning Objectives

Responsibility Accounting

Standard Cost System

Variance Analysis

Use of Flexible Budgets

Nonfinancial Performance Measures


Chapter 8 Review Questions

Chapter 9:    Evaluation of Investment Centers

Learning Objectives

Rate of Return on Investment

Residual Income

Investment Decisions: ROI vs. RI

Other Matters


Chapter 9 Review Questions

Chapter 10:    Making Short-Term Decisions

Learning Objectives

Relevant Costs Determination

Types of Short-Term Decisions

Other Matters


Chapter 10 Review Questions

Chapter 11:    Making Long-Term Decisions

Learning Objectives

Features of Long-Term Investment

The Concept of Time Value of Money

Methods of Evaluating Investment Projects


Chapter 11 Review Questions

Chapter 12:    The Effect of Income Tax on Investment Decisions

Learning Objectives

After-Tax Cash Inflows Determination

Traditional Depreciation Methods

Modified Accelerated Cost Recovery System


Chapter 12 Review Questions

Appendix: Time Value Tables


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