Author : | Jae K. Shim, Ph.D., CPA |
Status : | Production |
CPE Credits : | 13.0 |
IRS Credits : | 0 |
Price : | $107.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1180 |
Description : | Cost Management: Accounting and Control covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. Emphasis is placed on how to manage costs strategically in order to be globally competitive. The course is designed for managers and entrepreneurs who seek continuous improvement (CI) strategies. Topics include analysis of costs; job order and process costing; break-even and contribution analysis; activity-based costing (ABC); balanced scorecard, cost allocation; responsibility accounting; budget for profit planning; short-term decisions; capital budgeting; quality costs and total quality management (TQM); inventory management and just in time (JIT). |
Usage Rank : | 0 |
Release : | 2020 |
Version : | 1.0 |
Prerequisites : | Basic Accounting. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Cost Management Accounting and Control by Hansen and Mowen pdfÂ
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 08-Jan-2021 |
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 - 1180 |
Keywords : | Accounting, Cost, Management, Accounting, Control, 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
Chapter 13
Chapter 14
Chapter 15
Chapter 16
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Course Contents : | Chapter 1: Introduction to Cost Management Learning Objectives Nature and Scope of Cost Accounting and Cost Management Financial Accounting versus Management Accounting Cost Accounting versus Management Accounting The Work of Management The Organizational Aspect of Management Function Controllership Cost Accounting Standards Board Cost Management in the New Production Environment The Certified Management Accountant (CMA) The Certified Internal Auditor (CIA) Society of Cost Estimating and Analysis (SCEA) Certification Chapter Summary Chapter 1 Review Questions Chapter 2: Cost Classifications, Terminology, and Profit Concepts Learning Objectives Cost Classifications Merchandising versus Manufacturing Organizations Income Statements and Balance Sheets - Manufacturer Chapter Summary Chapter 2 Review Questions Chapter 3: Cost Accounting Systems - Job Order Costing Learning Objectives Job Order Costing and Process Costing Compared Job Order Costing Factory Overhead Application Chapter Summary Chapter 3 Review Questions Chapter 4: Activity-Based Costing Learning Objectives Composition of Product Cost Overhead Costing: A Single-Product Situation Overhead Costing: A Multiple-Product Situation Activity-Based Product Costing CASB No. 418 - Allocation of Indirect Cost Pools Using Activity-Based Costing to Make Marketing Decisions Activity-Based Management Chapter 4 Review Questions Chapter 5: Cost-Volume-Profit Analysis Learning Objectives Questions Answered by CVP Analysis Break-Even Analysis Graphical Approach Some Applications of CVP Analysis and What-If Analysis Sales Mix Analysis CVP Analysis with Step-Function Costs Assumptions Underlying Break-Even and CVP Analysis Chapter Summary Chapter 5 Review Questions Chapter 6: Analysis of Cost Behavior Learning Objectives A Further Look at Costs by Behavior Types of Fixed Costs – Committed or Discretionary Analysis of Mixed (Semi-Variable) Costs Engineering Analysis Account Analysis The High - Low Method Regression Analysis Regression Statistics Use of Regression Software Chapter Summary Chapter 6 Review Questions Chapter 7: Budgeting for Profit and Planning Learning Objectives Types of Budgets Budget Illustration Financial Modeling: Computer Models for Budgeting Zero Based Budgeting Chapter Summary Chapter 7 Review Questions Chapter 8: Responsibility Accounting, Standard Costs, and Variances Learning Objectives Responsibility Accounting and Responsibility Center Standard Costs and Variance Analysis General Model for Variance Analysis Flexible Budgets and Performance Reports Non-Financial Performance Measures Chapter Summary Chapter 8 Review Questions Chapter 9: Control of Profit Centers Learning Objectives Segmental Reporting For Profit Centers Profit Variance Analysis Chapter Summary Chapter 9 Review Questions Chapter 10: Performance Measurement, Balanced Scorecard, and Transfer Pricing Learning Objectives Rate of Return on Investment (ROI) Residual Income (RI) Investment Decisions under ROI and RI Balanced Scorecard Performance and Management Compensation Decisions Transfer Pricing Chapter Summary Chapter 10 Review Questions Chapter 11: Nonroutine Decisions and Life-Cycle and Target Costing Learning Objectives Relevant Costs Defined Life-Cycle Costs and Target Costing Chapter Summary Chapter 11 Review Questions Chapter 12: Capital Budgeting Learning Objectives What Are the Types of Investment Projects? What are the Features of Investment Projects? Understanding the Concept of Time Value of Money How Do You Measure Investment Value? Chapter Summary Financial Tables Chapter 12 Review Questions Chapter 13: Capital Budgeting and Income Taxes Learning Objectives How Do Income Taxes Affect Investment Decisions? The Long and Short of After-Tax Cash Flows Types of Depreciation Methods How Does MACRS Affect Investment Decisions? Chapter Summary Chapter 13 Review Questions Chapter 14: Process Costing, Cost Allocation, and Joint Product Costing Learning Objectives Identification of System Problems and Choice of a System Product Flow Steps in Process Costing Calculations Estimating Degree of Completion Managerial Use of Process Cost Data Process Costing and Decision Making Spoilage in General Cost allocation: Allocation of Service Department Costs to Production Departments Procedure for Service Department Cost Allocation Joint Product and Byproduct Costs Methods of Accounting for Byproduct Costs Chapter Summary Chapter 14 Review Questions Chapter 15: Total Quality Management and Quality Costs Learning Objectives Quality Defined Total Quality Management Elements of TQM Cost of Quality What Is Quality? Two Different Views Concerning Optimal Quality Costs Quality Cost and Performance Reports Activity-Based Management and Optimal Quality Chapter Summary Chapter 15 Review Questions Chapter 16: Inventory Management and Just-In-Time Learning Objectives Economic Order Point (EOQ) and Reorder Point Determination of Safety Stock Chapter Summary Chapter 16 Review Questions Glossary |