This course is a study of the principles and procedures used in the collection, recording, and reporting of costs utilizing applied learning exercises and data analysis tools. Balance sheet inventory valuation and the related Income Statement cost of goods sold valuation, determined using both job order costing and process costing, are emphasized as well as activity-based costing. Revenue and expense budgeting techniques, including capital asset evaluations, are covered in-depth.
Upon successful completion of this course, the student will be able to:
Apply the accounting principles and procedures used to accumulate and report the costs of manufacturing products for income determination in accordance with generally accepted accounting principles (GAAP) as used in the United States and for the internal use of management in decision making.
Evaluate the appropriateness of a company’s cost accounting system in meeting the company’s needs for reporting and decision making.
Evaluate the appropriateness of a company’s cost accounting system in generating numbers that are in agreement with the ethical standards of those who possess a Christian worldview.
Best course for accounting professionals
Gravida nibh vel velit auctor aliquetn auci elit cons solliazcitudirem sem quibibendum sem nibhutis.
Gravida nibh vel velit auctor aliquetn auci elit cons solliazcitudirem sem quibibendum sem nibhutis.
Gravida nibh vel velit auctor aliquetn auci elit cons solliazcitudirem sem quibibendum sem nibhutis.
