CE/CPE Course Information

Cost Accumulation Systems -- Traditional

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Intermediate
Delivery Method: QAS Self-Study
Lesson Version: 13-1
Publication/Revision Date: February 7, 2025
Prerequisites/Advanced Preparation: Thorough knowledge of cost management terminology or the Gleim Cost Management Terminology course.

Learning Objectives	After completing this course, you will be able to: Classify projects using job-order, process, and operation costing Compute the direct and indirect costs of production in the appropriate accounts Allocate indirect costs based on a predetermined overhead application rate Account for over- and underapplied overhead and completion of the job Calculate equivalent units of production and unit costs under process costing using the weighted-average and first-in, first-out methods Account for spoilage under process costing Calculate equivalent units of production and unit costs under operation costing. NOTE: This course does not address activity-based costing.
Course Topics	Basic Cost Accumulation Systems Job-Order Costing Process Costing Operation Costing

Learning
Objectives

After completing this course, you will be able to:

Classify projects using job-order, process, and operation costing
Compute the direct and indirect costs of production in the appropriate accounts
Allocate indirect costs based on a predetermined overhead application rate
Account for over- and underapplied overhead and completion of the job
Calculate equivalent units of production and unit costs under process costing using the weighted-average and first-in, first-out methods
Account for spoilage under process costing
Calculate equivalent units of production and unit costs under operation costing.
NOTE: This course does not address activity-based costing.

Course Topics

Basic Cost Accumulation Systems
Job-Order Costing
Process Costing
Operation Costing

This QAS self-study course consists of an Audiovisual presentation, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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