myCPE
myCPE

What is My Cost? Managerial Accounting and Product 3.5 Credits

What is My Cost? Managerial Accounting and Product 3.5 Credits

  • Rating

    4.4

  • Reviewed on

    February, 2025

  • Subject Area

    Accounting

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • To recognize the differences between managerial and financial accounting, the various ways to classify costs, and the presentation of inventory and cost of goods within the Balance Sheet and Income Statement. 
  • To identify the job order costing techniques used to allocate product costs to jobs/products along with the related journal entries and documents. 
  • To analyze the process order costing techniques used to allocate product costs to products in addition to the related journal entries and documents.
  • To discuss the three activity-based costing methods for allocating product costs including: 1) Single factory-wide overhead rate method, 2) Department overhead rate method, and 3) Activity-based overhead costing method.

Course Overview

In the fast-paced and competitive world of business, the ability to make well-informed, fact-based decisions is the cornerstone of success for any organization. 

Whether you are an accountant or a business decision-maker, this comprehensive CPE Accounting Course is tailored to provide you with the knowledge and tools needed to navigate the intricacies of managerial accounting. Understanding and effectively managing costs is essential for sustainable growth, and this course aims to equip you with the expertise to do just that.

The use of job order costing, process costing, or activity-based costing as appropriate for the business can provide business managers with the tools and techniques they can use to analyze company performance as well as categorize and evaluate company product costs to make informed product decisions. Companies must have a good understanding of their costs to succeed.  Managers within an organization can use managerial accounting as a basis for making informed, fact-based decisions. This course will cover managerial accounting concepts.

This CPE Course allows participants to become familiar with, or brush up on, basic concepts used to allocate product costs and analyze aspects of company performance. 

Managerial accounting concepts covered in this course are: 

  • Basic Concepts of Managerial Accounting: The differences between managerial and financial accounting, the various ways to classify costs, and presentation of inventory, as well as, the cost of goods within the Balance Sheet and Income Statement. 
  • Job Order Costing and Analysis: The job order costing techniques used to allocate product costs to jobs/products in addition to the related journal entries and documents. 
  • Process Costing and Analysis: The process order costing techniques used to allocate product costs to products along with the related journal entries and documents.
  • Activity-Based Costing and Analysis: Coverage of three activity-based costing methods for allocating product costs including: 1) Single factory-wide overhead rate method, 2) Department overhead rate method, and 3) Activity-based overhead costing method.

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 3.5 CPE Approved
Accounting for CPA in Canada 3.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 3.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 3.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 3.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 3.5 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 3.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 3.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 3.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 3.5 CPD Eligible
Chartered Accountant - ICAEW 3.5 CPD Eligible
Financial Reporting for Certified Financial Forensics (CFF) 3.5 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 3.5 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 3.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 3.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 3.5 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 3.5 CPE Eligible
Chartered Accountants - Ireland (CAI) 3.5 CPD Eligible
Chartered Accountants - Scotland 3.5 CPD Eligible
CPA - Ireland 3.5 CPD Eligible
Accounting for CIPM 3.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 3.5 CE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 3.5 CPE Approved
Accounting for CPA in Canada 3.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 3.5 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 3.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 3.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 3.5 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 3.5 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 3.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 3.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 3.5 CPD Eligible
Chartered Accountant - ICAEW 3.5 CPD Eligible
Financial Reporting for Certified Financial Forensics (CFF) 3.5 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 3.5 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 3.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 3.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 3.5 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 3.5 CPE Eligible
Chartered Accountants - Ireland (CAI) 3.5 CPD Eligible
Chartered Accountants - Scotland 3.5 CPD Eligible
CPA - Ireland 3.5 CPD Eligible
Accounting for CIPM 3.5 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 3.5 CE Eligible

Additional Information

Credits

3.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Author

Reid Conrad

Reid Conrad

Owner, CPE Academy

  • 4.3
  • rating
  • rating
  • rating
  • rating
  • rating

Reid Conrad is a renowned CPA. With contagious enthusiasm, he engages audiences uniquely through text-based presentations. He is a distinguished renowned educator, and esteemed presenter in the realm of Accounting. With a passion that knows no bounds, Reid's presentations are infused with an infectious enthusiasm that captivates his audience.

Reid is a trailblazer in the field, sharing his knowledge exclusively through text-based formats. His mastery of the written word allows him to communicate complex Accounting concepts with exceptional clarity and precision, leaving a lasting impact on his audience's understanding.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

JM

Jeffrey Mcgahren, CPA (US)

5

Always wanted to go back and get a refresher course in cost accounting even though I work in the public accounting realm. Enjoyed reading the entire course and it kept me engaged throughout.

UO

Uchechi Oruwari, CIA

5

This ebook provides clear explanations of key concepts such as job order costing, process costing, and activity-based costing. Highly recommended.

Recommended Courses

Updated 2024 Global IIA Standards - Domain IV

Feb 12, 09:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Beyond the Basics of SSARS and Non-attest Services: Are You Certain You Are in Compliance?

Feb 12, 11:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • Yellow Book
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Sam Bankman-Fried & FTX: A Forensic Autopsy

Feb 12, 02:00 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Updated 2024 Global IIA Standards - Domain V

Feb 13, 09:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Power Query Quick Solutions for Audit Success

Feb 13, 10:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CISA
  • CPA/CITP
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Governing the Internal Audit Standards in Line with GIAS - Part 1

Feb 13, 12:00 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker

    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault

    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders

    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access

    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support

    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Get Started with Unlimited Learning

Select your plan, complete your payment, and access a world of knowledge.

Subscription Inclusions Silver Gold
13,000+ Hrs of CPE approved Content
tooltip

Largest content library covering all aspects of professional development.

500+ Emerging Subject Areas
tooltip

Wide range of subject areas tailored to meet diverse learning needs of all the department of the firm.

50+ State- Specific Ethics Courses
tooltip

Stay compliant with ethics requirements for every state.

50+ State Compliance Packages
tooltip

Pre-selected courses for quick compliance, saving time and effort.

100+ Advanced Certification Programs
tooltip

Expert-led programs to build advanced expertise and strengthen your career credentials.

AICPA Eligibility Programs (CFF, ABV, PFS)
tooltip

Pre-Packaged Eligibility Courses for AICPA designations such as PFS, ABV, and CFF, offering CPE credits upon completion.

Compliance Tracker and Credit Vault
tooltip

Store all your certificates in one place, stay compliance-ready with ease, and track your progress effortlessly using the built-in credit tracker.

Instant Certification and Fast Reporting
tooltip

Instant reporting to IRS, CFP Board, and other governing bodies.

Mobile App Access (iOS and Android)
Access to Communities
tooltip

Join communities tailored to your specific interests and areas of expertise.

Select Tenure

Start Your Subscription 

Start your journey towards learning and compliance.

$299$199 For 12 Months

Start Your Subscription

$299$199/year

Secure unlimited access

Click Here

More Reasons to Subscribe

  • true true
    80% of Content Rated 4.5+ Stars
    High-quality content rated by professionals.
  • true true
    4X More Content at 1/3rd the Price
    Serious value compared to your regular provider!
  • true true
    Non-Sponsored Content
    Purely educational, unbiased content for your learning.
  • true true
    Monthly & Quarterly Updates
    Keeping you ahead of trends and changes.
  • true true
    Podcasts with Industry Leaders
    Learn and Earn CPE from experts on the go.
Subscribed
Fred purchased a subscription.
Subscribed
kaushal purchased a subscription.
Subscribed
Alaeedin purchased a subscription.
Subscribed
Marc purchased a subscription.
Subscribed
Roger purchased a subscription.
Subscribed
Erin purchased a subscription.
Subscribed
ANGELA purchased a subscription.
Subscribed
Marc purchased a subscription.
Subscribed
Cedric purchased a subscription.
Subscribed
Ivanna purchased a subscription.
Subscribed
sohail purchased a subscription.
Subscribed
Stephen purchased a subscription.
Subscribed
Jyoti purchased a subscription.
Subscribed
Pooja purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
Marianne purchased a subscription.
Subscribed
Ryan purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Kent purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Felix purchased a subscription.
Subscribed
TRAM purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Kler Hien purchased a subscription.
Subscribed
Neil purchased a subscription.
Subscribed
Silver purchased a subscription.
Subscribed
Rajendra purchased a subscription.
Subscribed
Karissa purchased a subscription.
Subscribed
Casey purchased a subscription.
Subscribed
Scott purchased a subscription.
Subscribed
KEN purchased a subscription.
Subscribed
Hita purchased a subscription.
Subscribed
Monica purchased a subscription.
Subscribed
Michaela purchased a subscription.
Subscribed
Casey purchased a subscription.
Subscribed
CHRISTINE purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Jayne purchased a subscription.
Subscribed
Katelyn purchased a subscription.
Subscribed
Douglas purchased a subscription.
Subscribed
Vicki purchased a subscription.
Subscribed
CHRISTINE purchased a subscription.
Subscribed
Leann purchased a subscription.
Subscribed
stuart purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Alen purchased a subscription.
Subscribed
Cynthia purchased a subscription.
Subscribed
Emily purchased a subscription.
Subscribed
Nishtha purchased a subscription.
Subscribed
Greg purchased a subscription.
Subscribed
ROBERT purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Heather purchased a subscription.
Subscribed
Keaton purchased a subscription.
Subscribed
Shawn purchased a subscription.
Subscribed
Lynnel purchased a subscription.
Subscribed
Theresa purchased a subscription.
Subscribed
KARTHIK purchased a subscription.
Subscribed
Phillip purchased a subscription.
Subscribed
Pamela purchased a subscription.
Subscribed
adriana purchased a subscription.
Subscribed
Nicky purchased a subscription.
Subscribed
Anna purchased a subscription.
Subscribed
Cindy purchased a subscription.
Subscribed
Ramkumar purchased a subscription.
Subscribed
Jonah purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
Edward purchased a subscription.
Subscribed
Juana purchased a subscription.
Subscribed
Lydia purchased a subscription.
Subscribed
Natalie purchased a subscription.
Subscribed
Lynna purchased a subscription.
Subscribed
Miguel purchased a subscription.
Subscribed
Marilyn purchased a subscription.
Subscribed
Florence purchased a subscription.
Subscribed
Steve purchased a subscription.
Subscribed
Laura purchased a subscription.
Subscribed
Victor purchased a subscription.
Subscribed
BRUCE purchased a subscription.
Subscribed
Teresa purchased a subscription.
Subscribed
Cedric purchased a subscription.
Subscribed
Gerard purchased a subscription.
Subscribed
Nicole purchased a subscription.
Subscribed
Sandra purchased a subscription.
Subscribed
Keyia purchased a subscription.
Subscribed
Allegra purchased a subscription.
Subscribed
Randy purchased a subscription.
Subscribed
PAMELA purchased a subscription.
Subscribed
Craig purchased a subscription.
Subscribed
Steven purchased a subscription.
Subscribed
Marivic purchased a subscription.
Subscribed
Nancy purchased a subscription.
Subscribed
Mark purchased a subscription.
Subscribed
Tammy purchased a subscription.
Subscribed
Barry purchased a subscription.
Subscribed
Agnieszka purchased a subscription.
Subscribed
Edmund purchased a subscription.
Subscribed
Wendy purchased a subscription.