CE/CPE Course Information

Valuing Inventory to Avoid Poor Pricing Decisions

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Lesson Version: 15-1
Publication/Revision Date: October 27, 2017
Prerequisites/Advanced Preparation: None
Written By: Dale L. Flesher, Ph.D., CPA, CIA, CMA, CFM

Learning
Objectives
    After completing this course, you will be able to
  • Value inventory properly to avoid poor pricing decisions and perhaps resolve property taxes
  • Differentiate the impact on operating income of using absorption vs. variable costing
  • Allocate joint (common) costs to end products and identify the issues involved in by-product costing
  • Use an application rate to apply overhead and differentiate between actual and normal costing
  • Apply the three methods of service department cost allocation
Course Topics
  1. Introduction and Terminology
  2. Absorption (Full) vs. Variable (Direct) Costing
  3. Joint Product Costing
  4. By-Product Costing
  5. Overhead Costs and Normal Costing
  6. Allocation of Service Department Costs
  7. Application

This self-study course consists of an Audiovisual presentation, a 20-question True/False Introductory quiz, 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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