Process Costing System-Cost Accounting-Managerial Accounting

Course Overview

• Course Title: Process Costing System-Cost Accounting-Managerial Accounting
• Instructor: Robert (Bob) Steele
• Target Audience:
  • Accounting students
  • Aspiring accountants
  • Business owners
  • Professionals seeking to enhance cost accounting skills
• Prerequisites:
  • Basic Knowledge of Managerial Accounting
  • Understanding of Cost Concepts
  • Knowledge of Financial Statements
  • Motivation to Learn

Curriculum Highlights

• Key Topics Covered:
  • Key concepts and principles of process costing systems
  • Cost classification and its importance
  • Flow of costs in process costing systems
  • Differences between job cost systems and process cost systems
  • Overhead accounting principles
  • Journal entries for process costing systems
  • Cost per equivalent unit calculations
  • Key terms and definitions in job cost systems
  • Analysis of process cost statements
• Key Skills Learned:
  • Distinguish process costing from other costing methods
  • Effective cost classification
  • Step-by-step cost flow understanding
  • Differentiate between costing systems
  • Apply overhead accounting principles
  • Record accurate journal entries
  • Calculate cost per equivalent unit using FIFO and Weighted Average methods
  • Enhance practical understanding of job cost systems
  • Analyze process cost statements for managerial decision-making

Course Format

• Duration: 8 hours on-demand video
• Format: Self-paced online course
• Resources:
  • Assignments
  • 24 downloadable resources
  • Access on mobile and TV
  • Certificate of completion

Special Offer (If Applicable)

• Limited Time Coupon Code: N/A