| 1.
|
Describe the differences and similarities of financial and managerial
accounting. (I, XVI)
|
| 2.
|
Define the terms and explain the concepts applicable to a cost
accumulation system. (II)
|
| 3.
|
Describe the journal entries and inventory valuation system for job
order cost accounting. (III)
|
| 4.
|
Prepare a process cost summary report. (III)
|
| 5.
|
Describe the cost behavior of fixed, variable, and mixed costs. (IV)
|
| 6.
|
Calculate contribution margin, contribution rate, and break-even
point. (V)
|
| 7.
|
Describe the basic allocation process for segmented reporting. (VI)
|
| 8.
|
Describe the purpose and uses of budgeting. (VII)
|
| 9.
|
Prepare all budgets applicable to the master budget. (VII)
|
| 10.
|
Describe standard costs. (VIII)
|
| 11.
|
Calculate material and labor variances. (VIII)
|
| 12.
|
Prepare a flexible budget. (IX)
|
| 13.
|
Calculate overhead variances. (IX)
|
| 14.
|
Describe accounting for a decentralized operation. (X)
|
| 15.
|
Calculate return on investment. (X)
|
| 16.
|
Describe cost concepts applicable to decision making. (XI)
|
| 17.
|
Use different cost-plus pricing formulas to determine the price of
goods and/or services. (XII)
|
| 18.
|
Use the present value concept to determine if and when capital items
should be acquired. (XIII)
|
| 19.
|
Describe concepts of after tax cost and depreciation tax shield. (XIV)
|
| 20.
|
Describe guidelines and concepts applicable to the allocation of costs
among departments. (XV)
|
|