About This Course
This course consists of the following two modules:
Cost Accounting
This module defines the terms and concepts used by internal management to aid in planning, directing and controlling. We’ll cover applying analytical tools and technical skills in a variety of management decisions, including costing, pricing, product design and mix, improving productivity and performance measurement. You’ll learn to use accounting data to identify and analyze alternatives, with the goal of maximizing economic benefits to a firm.
Topics include:
- Cost terminology and cost flows
- Job order and process costing systems
- Cost-volume-profit analysis
- Activity-based costing and management
- Flexible budgets and variance analysis
- Decision making with costs
- Cost allocation
- Performance measurement
Taxation
This module establishes a basic framework for examining how tax implications affect business decisions. You’ll learn to determine after-tax profit or loss from business and investment transactions, and to think strategically about tax effects in order to shape optimal business transactions.
Topics include:
- Tax rates
- Taxation of compensation and fringe benefits
- Deductions
- Assets – buy and sell
- Capital gains and losses
- Installment sales
- Like-kind exchanges
