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Self-Study — Course Detail

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Cost Accounting Fundamentals: Essential Concepts and Examples
Steven M. Bragg
Copyright© 2012

Course: 1113227   Version 1208

NASBA Category:     Accounting     CPE Credits 16
Level: Basic  (279 pages)
Prerequisite: There are no prerequisites.
Advance Preparation: None.



Course Description
Cost Accounting Fundamentals describes the key cost accounting concepts that most concern the practicing cost accountant and illustrates them with numerous examples. The course is designed for both professional accountants and students, since both can benefit from its detailed descriptions of inventory valuation methods, product pricing techniques, cost analysis methods, and more. Several major cost accounting topics are discussed in depth:

  • The nature of cost accounting
  • Details of the cost accountant job description
  • Methods used to value inventory, including job costing, process costing, standard costing, joint and by-product costing, and accounting for waste products
  • The contribution of cost accounting to product pricing, including a lengthy discussion of how much a product costs for pricing purposes, how target costing works, and the mechanics of transfer pricing
  • Cost analysis methods, including direct costing, activity-based costing, constraint analysis, and capital budgeting analysis
  • How to collect cost-related information
  • The variability of costs under various circumstances
  • The cost of quality


Table of Contents

Learning Objectives
Upon successful completion of this course, participants will be able to:
  • Chapter 1
    • Describe the situations in which we use cost accounting.
  • Chapter 2
    • List and describe the responsibilities and necessary qualifications of the cost accountant.
  • Chapter 3
    • Describe the process of calculating the cost of ending inventory, and the techniques used to arrive at this cost.
More Learning Objectives




Select   Format   Retail Price
  Online   $169.00   After purchasing this course, you may click here to log in and access the course material.
  Hard Copy   $169.00



Extra Tests:
Qty   Format   Retail Price
  Extra Exam Online   $64.00
  Extra Exam Hardcopy   $64.00

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