Expired - SPA

Cost Accounting Accumulation Techniques

This course begins with introductory information about cost accumulation techniques. Students will be introduced to the basic purposes of job order costing, process costing, operation costing, and the need for cost accumulation. Basic cost accounting terminology is defined and discussed in the context of these cost accumulation systems, and students will see detailed discussions of job order costing, process costing, and operation costing. The course also discusses cost behavior in terms of fixed costs and variable costs; it introduces students to the traditional use of overhead pools and the allocation of overhead costs; and it addresses the separation of controllable and non-controllable costs.

Unit 1: Overview of Cost Accumulation Techniques
Unit 2: Introduction to Cost Behavior

Learning Objectives:

  • Understand the importance of cost accumulation techniques. (Unit 1)
  • Understand the basics of developing job order, process, and operation costing systems.
    (Unit 1)
  • Identify the flow of documents within a job order cost system and how manufacturing overhead is applied in a costing system. (Unit 1)
  • Examine the difference between process costing and job order costing. (Unit 1)
  • Understand how costs flow in a process costing system. (Unit 1)
  • Define and determine equivalent units. (Unit 1)
  • Understand operation costing. (Unit 1)
  • Understand cost behavior. (Unit 2)
  • Define fixed, variable, and semi-variable costs and identify examples of each. (Unit 2)
  • Describe and apply the high-low method to determine total mixed costs for particular situations. (Unit 2)
  • Define and differentiate controllable and non-controllable costs. (Unit 2)

Content Partner:

Institute of Management Accountants

The IMA is the leading professional organization devoted exclusively to management accounting and financial management as stated in our Mission and Vision Statements. IMA membership helps you stay abreast of the changes affecting the management accounting and financial management professions. It provides new insights and ideas in these evolving fields and gives our members ethical guidance as well.

Strategic Finance is the monthly magazine of the Institute of Management Accountants. A subscription to Strategic Finance is included in the dues for IMA members.

Prerequisites/Advanced Preparation:


Speaker / Author:

Charles W. Stanley
Charles W. Stanley, CPA, PhD, is an associate professor of accounting at Baylor University's Hankamer School of Business. Dr. Stanley obtained his undergraduate degree from the University of Texas at Austin and his doctorate from Oklahoma State University. During his time as a member of the accounting faculty at Baylor, where he has been since 1983, Dr. Stanley has taught courses on financial accounting, cost accounting, managerial accounting, tax, accounting systems, and auditing. Dr. Stanley has published or presented research articles on such topics as managerial accounting, tax accounting, financial accounting, accounting systems, auditing, and professional ethics. Currently, Dr. Stanley serves as a member of the Professional Ethics Committee for the Texas Society of CPAs and focuses most of his current research in this area.

Software & Hardware Requirements:

  • Adobe Acrobat® Reader for the .pdf files
  • If using America Online® (AOL), use 4.0 or later
  • Modem
  • Internet connection at 28.8-Kbps or faster speed
  • If using Microsoft® Internet Explorer®, use version 4.0 or later
  • If using Netscape Navigator, use version 4.0 or later

Price (USD)

Standard Rate: $49.90


Course Code : 994508

Course Level : Basic
Course Type : New Standards
Passing Grade : 70%
Field Of Study : Management Advisory Services
Format Type : eLearning

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