Managerial Accounting – Product Costing
Anyone who wants to make informed, fact-based decisions that are key to the success of an organization will benefit from this class. This course can benefit accountants, as well as, other business decision makers. Companies must have a good understanding of their costs to succeed. Managers within an organization can use managerial accounting as a basis for making informed, fact-based decisions. This course will cover managerial accounting concepts.

The course allows participants to become familiar with, or brush up on, basic concepts used to allocate product costs and analyze aspects of company performance. Use of job order costing, process costing, or activity-based costing as appropriate for the business can provide business managers with the tools and techniques they can use to analyze company performance as well as categorize and evaluate company product costs to make informed product decisions.


Course Publication Date: January 16, 2022

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $40.00!

Author:CPE Academy LLC
Course No:ACT-MANPC-1501
Recommended CPE:4.00
Delivery Method:QAS Self Study
Level of Knowledge:Intermediate
Prerequisites:None
Advanced Preparation:None
Recommended Field of Study:Accounting
  
Learning Objectives
  • Recognize the differences between managerial and financial accounting, the various ways to classify costs, and the presentation of inventory and cost of goods within the Balance Sheet and Income Statement.
  • Identify the job order costing techniques used to allocate product costs to jobs/products along with the related journal entries and documents.
  • Identify the process order costing techniques used to allocate product costs to products in addition to the related journal entries and documents.
  • Identify the three activity-based costing methods for allocating product costs including: 1) Single factory wide overhead rate method, 2) Department overhead rate method, and 3) Activity-based overhead costing method.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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