In this introductory course we’ll explore classifying costs as product vs non-product and how this impacts the accounting in a manufacturing environment. This is the building block of understanding how to account for a manufacturing company. In this course, the concept of costs flowing through inventory accounts is introduced.
Course Key Concepts: Introductory managerial accounting, Classifying costs, Manufacturing, Product, Direct materials, Direct labor, Overhead, Period costs, Raw materials.
NOTE: A downloadable file ‘Chapter 1.epub’ is available for this course. To access that file, please click here to download the file and use the appropriate player like (apple books or adobe digital editions) to run the file correctly.
Other Modules of Introductory Managerial Accounting by Erik Slayter.
1. Introductory Managerial Accounting - Classifying Costs
2. Introductory Managerial Accounting - Job Costing
3. Introductory Managerial Accounting - Cost, Volume-Profit Analysis
4. Introductory Managerial Accounting - Budgeting
5. Introductory Managerial Accounting - Variance Analysis
6. Introductory Managerial Accounting - Capital Budgeting
Learning Objectives
- Identify and classify costs.
- Discover how to apply correct accounting of costs.
- Explore preparing schedules for production accounting.
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Prerequisites
Basic understanding of journal entries, t-accounts, the accounting equation (Introductory Financial Accounting)
Education Provider Information
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