Assignment
Submit 1 page and discuss 3 key takeaways that you learned from Cost Accounting course.
Concepts covered in this course include:
• Apply cost-accounting concepts to analyze business and financial data
• Effectively use technology to prepare concise financial deliverables
• Effectively communicate key financial information to financial and non-financial stakeholders
• Evaluate business and financial data to make profit-maximizing decisions while considering corporate social responsibility
• Analyze, and evaluate the cost and value added of each organizational unit's impact on the end product
• Work-in-process
• Alternative inventory valuation methods
• Fixed manufacturing overhead
• Cost variances for variable and fixed overhead
• The role of cost in setting prices
• Cost volume profit (CVP) analysis for nonprofits and work through various scenarios involving differential analysis.