CE/CPE Course Information

Cost Accumulation Systems -- Traditional

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Intermediate
Lesson Version: 12-1
Publication/Revision Date: July 23, 2019
Prerequisites/Advanced Preparation: Thorough knowledge of cost management terminology or the Gleim Cost Management Terminology course.

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
  1. Basic Cost Accumulation Systems
  2. Job-Order Costing
  3. Process Costing
  4. Operation Costing

This self-study course consists of an Audiovisual presentation or 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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