Cost Accounting Concepts and Systems

Financial accounting & reporting

Course

Cost Accounting Concepts and Systems

  • Format

    Course - Online

  • Duration

    1 hour

Explore managerial accounting concepts from a U.S. perspective, including these costs: product and period; direct and indirect; controllable and non-controllable; and fixed and variable.

Learning outcomes

  • Recall differences between the various types of costs
  • Identify the method used for separating mixed costs into fixed and variable components
  • Recognise the components of product costs
  • Differentiate between inventory costing and valuation methods
  • Calculate the break-even point
  • Recognise principles of cost-volume-profit analysis

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

In this course, you will explore concepts and terminology of managerial accounting and review the differences between managerial and financial accounting. You will learn to distinguish product and period costs; direct and indirect costs; controllable and non-controllable costs; fixed, variable, and mixed costs; and more.

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

  • Product and period costs
  • Direct and indirect costs
  • Controllable and non-controllable costs
  • Fixed, variable and mixed costs
  • Costing systems
  • Valuation methods
  • Break-even points
  • Cost-volume-profit analysis

Please note: This course is not designed for CPAs or individuals pursuing the CPA licensure pathway.

Who should take this course?

  • Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Duration:1 hour
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout