This on-line CPE course describes how cost accounting takes what should be clear cut decisions and instead distorts the decisions. This leads to confusion and conflict in organizations that use cost accounting - in all its forms!
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Access for12 months
CPE 2.5 hours
"Tell me how you measure me and I'll tell you how I behave" Eliyahu Goldratt
Cost accounting is the single most pervasive belief utilized in business the world over. It's been programmed into ERPs, written into the rules of GAAP, and its use has been encouraged (now required) by the US Government. At the time of its development in the 19th and early 20th centuries it ushered in a revolution of new business practices and was heralded as THE solution for a wide variety of problems, from corporate profits to market instability.
However, the cure is worse than the disease. Cost accounting is fundamentally flawed and its use can lead to severely damaging effects. Cost accounting distorts financial results and leads managers to make decisions which are not aligned with the interests of the company.
All of it is by the book. All of it is standard practice. All of it will distort the decisions you make.
In this on-line CPE course you will learn how cost accounting distorts decisions you make everyday. Sign up now!
Recall the 5 major financial decision categories.
Identify the 2 major flaws of using product cost information
Associate relevant information with the three components of product cost.
Course CPE Compliance
Course Delivery Method
QAS Self Study, online
Recommended CPE Credits
Field of Study
70% on the assessment
Frequently Asked Questions
1. What are the requirements to earn the CPE credits?
1. Complete all course content.
2. Pass assessment with 70% or better score.
3. Submit course evaluation.
2. What is the course expiration date? How long will I have access to the course?
1 year after purchase.
3. What is the revision date of the course?
4. How do I register for the course?
Click the "Enroll" button at the top of this page.
5. What is the refund policy?
No refunds will be issued once purchase is complete.
6. How are complaints resolved?
For more information regarding administrative policies such as complaints, contact:
is a traditionally trained accountant who discovered through experience
that typical accounting practices are misleading companies and
hindering success. He now helps companies transition to throughput
based systems and metrics.
Read the full bio here
Science of Business, Inc. (Sponsor Id#: 142344) is
registered with the National Association of State Boards of Accountancy (NASBA)
as a sponsor of continuing professional education on the National Registry of
CPE Sponsors. State boards of accountancy have final authority on the
acceptance of individual courses for CPE credit. Complaints regarding
registered sponsors may be submitted to the National Registry of CPE Sponsors
through its website: www.nasbaregistry.org.