Cost Data Analysis

Cost Accounting, Cost Analysis and Decision Making for Managers

Course Overview:
This course begins by defining management accounting, and describes the purposes for which the manager needs cost information. Next, the course examines the essentials of the product costing methods - job order costing, process costing, and also activity-based costing (ABC). The course continues by exploring cost behavior and cost-volume-profit analysis, including break-even analysis, and then focuses on budgeting and standard cost systems, responsibility accounting, and short-term and long-term investment decision making. Numerous graphics and examples are presented, as well as lists of computer software for ABC and budgeting.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Explain the difference between management accounting and its related fields such as cost accounting and financial accounting.
  • Distinguish between variable costs and fixed costs and explain the difference in their behavior.
  • Explain job order costing.
  • Describe how activity-based costing (ABC) would enhance product costing accuracy.
  • Explain three methods of estimating cost functions: engineering analysis, account analysis, and high-low method.
  • Prepare break-even and profit-volume charts.
  • Diagram and explain the master budget interrelationships.
  • Prepare sales, production, cost, and cash budgets.
  • Define responsibility accounting and state how important it is for managerial control.
  • Explain how return on investment (ROI) and residual income (RI) measures affect the division's investment decision.
  • Identify the costs that are relevant for a particular decision.
  • Decide whether further processing of a product is justified.
  • State the special features of capital budgeting decisions.
  • Calculate, interpret, and evaluate four capital budgeting techniques.

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.

Prerequisites/Advanced Preparation:


Speaker / Author:

Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 8 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS

Price (USD)

Standard: $124.75


Course Code : 991401

Length : 4hr 10min
Course Level : Basic
Course Type : New Standards
Passing Grade : 70%
Format Type : eLearning
Field Of Study : Accounting

Theme : Cost Data Analysis

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