Cost Accounting and Management

Overview

This CGMA track covers traditional costing, activity-based costing, activity-based management, advanced costing techniques, and quality management and process improvement.

Highlights

Key Topics

• The purpose of costing
• Activity-based costing
• Activity-based management
• Joint product costing
• Total quality management (TQM)

Prerequisites

None

Objectives

Learning Outcomes

• Calculate marginal and absorption costs.
• Compare activity-based costing with traditional marginal and absorption costing methods.
• Identify the uses of activity-based management outputs in improving the efficiency of repetitive overhead activities.
• Identify methods of allocating joint costs to final products.
• Identify the role of quality costing as part of a total quality management (TQM) system.