Course Catalog
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$598.00 (USD)

The goal of this course is to provide assistance to responsible parties for the reliable and timely information on the full cost of federal programs, their activities and outputs. The concepts of managerial cost accounting contained in the course describe the relationship among cost accounting, financial reporting, and budgeting. The standards that are taught represent the fundamental elements of managerial cost accounting.

Credits: 12
Estimated Length: 12 hour(s)
Valid for: 1 Year(s)


Name View Schedule
Online Lesson1. Getting Started -
Online Lesson2. Introduction -
Online Lesson3. Introduction Review -
Online Lesson4. Purposes of Using Cost Information -
Online Lesson5. Purposes for Using Cost Information Review -
Online Lesson6. Concepts -
Online Lesson7. Concepts Review -
Online Lesson8. Standards - Requirement for Managerial Cost Accounting -
Online Lesson9. Standards - Requirement for Managerial Cost Accounting Review -
Online Lesson10. Standards - Responsibility Segments -
Online Lesson11. Standards - Responsibility Segments Review -
Online Lesson12. Standards - Full Cost -
Online Lesson13. Standards - Full Cost Review -
Online Lesson14. Standards-Inter-entity Costs -
Online Lesson15. Standards - Inter-entity Costs Review -
Online Lesson16. Standards - Costing Methodology -
Online Lesson17. Standards - Costing Methodology Review -
Online Lesson18. Standards - Selecting a Methodology -
Online Lesson19. Standards - Selecting a Methodology Review -
Online Lesson20. Managerial Cost Accounting Final Examination -


After completing this course, the student will be able to:

  • Provide program managers with relevant and reliable information relating costs to outputs and activities, enabling program managers in budgeting, decision making and responding to inquiries about the costs of the activities they manage.
  • Use the cost information to help improve operational economy and efficiency.
  • Provide relevant and reliable cost information to assist the Congress and executives in making decisions about allocating federal resources, authorizing and modifying programs, and evaluating program performance.
  • Ensure consistency between costs reported in general purpose financial reports and costs reported to program managers. This includes standardizing terminology for managerial cost accounting to improve communication among federal organizations and users of cost information.
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