Principles of Cost Accounting

Online

Managerial and cost accounting is a set of skills used by professionals in all levels of business. Designed for students seeking to obtain a better understanding of managerial and cost accounting, this course teaches the fundamentals of how to use accounting and financial data to make better, more profitable decisions. Through interactive, online lectures and instructor-led Q&As, this course examines the role of the manager in setting up the budget, evaluating the financial impact of day-to-day management decisions and using the budget as a control tool. By the end of this course, you will have an increased understanding of managerial accounting principles, and will be able to use accounting data to improve business decisions.

Learning Outcomes

  • Analyze cost behavior for fixed, variable and mixed costs
  • Distinguish between different types of budgets and understand the budgeting process
  • Appraise and utilize the activity-based costing system
  • Perform financial statement analysis using various techniques
  • Use Cost-Volume-Profit analysis to find breakeven points and target profit volumes

Skills You Will Gain

  • Financial Statement Analysis
  • Cost Behavior
  • Capital budgeting
  • Job costing and process costing
  • CVP Analysis & Short-term Business Decisions

Course Format and Pacing
This is an online course delivered through Canvas, UC Davis CPE’s learning management system. Course materials—including video lectures, readings, assignments, and discussion forums—are released on a structured, week-by-week schedule. Students move through the course together, with regular due dates to support consistent progress and engagement. Most learners can expect to spend approximately 10–12 hours per week engaging with course content and completing assignments.

Academic Units
4
Section Number
253ACC503
Instruction Method
Online class

Association Credits

American Institute of CPAs (CPE)
40.00 CPE hours

Section Notes

Access to your course in Canvas will be available 7 days before the course start date. Please note that course start and end dates, as well as live sessions (if applicable), are subject to change.

 

Enrollment Policies

Drop requests (withdraw with a refund) will be approved, less a $30 processing fee, if the request is received before the refund deadline. Clickhere to view complete enrollment policy information including details on withdrawals and transfers.

Refund Deadline: 1/26/2026  Refunds and/or enrollment transfers will not be approved after this date. 

Students enrolling after the first day of class are expected to reach out to their instructor to make sure they receive all content and are on track with the course. 

Prerequisites

Can be taken concurrently with Principles of Financial Accounting, but not prior. 

Technical Requirements

To ensure your success in this course, please review our technical requirements page atonline learning.

Section Course Materials

Fundamentals of Cost Accounting- Connect Access

ISBN
ISBN10: 1264464797 | ISBN13: 9781264464791
Mandatory
You will need to purchase access to McGraw-Hill Connect to access the eText, homework, and exams. The instructor will post a link to the Connect class in the Announcements in Canvas, which will prompt you to purchase. If you have trouble purchasing Connect access at that time, please contact their Tech Support at https://mh.my.site.com/CXG/s/ Connect Access includes a digital copy of the textbook that is available instantly after purchase. However, if you would like to purchase an optional, hard copy of the textbook you may order this textbook from any retail or online vendor that you choose. ISBN numbers may vary based on format (i.e. E-book versus physical textbook or Connect Access).
Edition
7th edition
Author
Spiceland, Nelson and Thomas

Discounts

CAAA Member Discount

Current members of the Cal Aggie Alumni Association (CAAA) and other UC alumni associations receive 10% off the course fee of one course per quarter, not to exceed $100. If you don't have your discount code, contact CAAA at alumni@ucdavis.edu to request it.