Principles of Cost Accounting

Online

Managerial and cost accounting is a set of skills used by professionals in all levels of business. Designed for students seeking to obtain a better understanding of managerial and cost accounting, this course teaches the fundamentals of how to use accounting and financial data to make better, more profitable decisions. Through interactive, online lectures and instructor-led Q&As, this course examines the role of the manager in setting up the budget, evaluating the financial impact of day-to-day management decisions and using the budget as a control tool. By the end of this course, you will have an increased understanding of managerial accounting principles, and will be able to use accounting data to improve business decisions.

Learning Outcomes

  • Analyze cost behavior for fixed, variable and mixed costs
  • Distinguish between different types of budgets and understand the budgeting process
  • Appraise and utilize the activity-based costing system
  • Perform financial statement analysis using various techniques
  • Use Cost-Volume-Profit analysis to find breakeven points and target profit volumes

Skills You Will Gain

  • Financial Statement Analysis
  • Cost Behavior
  • Capital budgeting
  • Job costing and process costing
  • CVP Analysis & Short-term Business Decisions
Academic Units
4
Section Number
241ACC503
Instruction Method
Online class

Association Credits

American Institute of CPAs (CPE)
40.00 CPE hours

Section Notes

This course is a paced-asynchronous course, which means that all students will be proceeding through the course at the same time. The course consists of online materials, reading assignments, written assignments and discussion forums. The lessons open on a weekly basis throughout the duration of the class. The time it takes you to complete each lesson depends on your individual approach and learning style, but in a given week, students can generally expect to spend approximately:

  • 5-6 hours in online lectures and discussion forums
  • 5-6 hours of work outside of class on readings and assignments

Students can enroll through July 1, 2024. The course begins on June 24, 2024  and must be completed by September 15, 2024. Access to your course will be available one business day before the start date.

Textbook TBA. Course information will be updated with information on required textbook(s) no later than one month prior to the start of the class. Students prior will be notified of course material requirements by email.

Enrollment Policies

Drop requests (withdraw with a refund) will be approved, less a $30 processing fee, if the request is received by 7/9/24. Visit https://cpe.ucdavis.edu/student-services/withdrawals-refunds-and-transfers to view complete enrollment policy information including details on withdrawals and transfers. 

All drop requests for Fast Track students must be approved by program office first.

Prerequisites

Can be taken concurrently with Principles of Financial Accounting, but not prior. 

Technical Requirements

This is an online course. To ensure your success in this course, please review our technical requirements page at online learning

Section Course Materials

Fundamentals of Cost Accounting with Connect Access Card

ISBN
1259969479
Mandatory
ISBN10: 1259969479  ISBN13: 9781259969478
Edition
6
Author
William Lanen and Shannon Anderson
Publisher
McGraw Hill
Copyright
2020

Discounts

Early Enroll Discount

Enroll 14 days before the course start date to save $50 on the course fee.

Info Session Discount

Attendees of UC Davis Continuing and Professional Education Information Sessions may be eligible for $100 discount on a class by entering the Coupon Code provided at the Information Session.  Contact UC Davis Continuing and Professional Education Student Services office, at (800) 752-0881, if you have questions about this discount.