Certified Professional Cost Accountant (CPCA)

Certification Overview

Certified Professional Cost Accountant (CPCA)

Exam Code: CPCA-001

Cost accounting is a facet of management accounting that determines the actual cost associated with manufacturing a product or providing a service by looking at all expenses within the supply chain. It is done for the purpose of budget preparation and profitability analysis. The information derived from this process is useful to managers in determining which products, departments or services are most profitable and which ones need improvement.

Cost accounting involves determining fixed and variable costs. Fixed costs are expenses that recur each month regardless of the level of production. Examples include rent, depreciation, interest on loans and lease expenses. Variable costs are expenses that fluctuate with changes in production level, such as supplies, labor, and maintenance expenses. These costs are related to production in that the more units of a product produced, the more expense there is associated with the materials and labor that went into making the product.

Cost accountants are responsible for the collection, adjustment, auditing and scrutinizing of all financial information. The purpose of cost accounting is for budget preparation and profitability analysis. They collate the numbers which includes data about planning systems, wages, bonuses and operating policies into financial reports. The purpose of this is to help the management take decisions on the basis of this information.

They require strong technical skills as cost accountants spend a lot of time analyzing data so they need to have some experience with the latest software. They also need to have strong analytical skills and interest in finance.

Exam Information

The exam comprises of 50 Multiple Choice Questions out of which the candidate needs to score 70% (35 out of 50 correct) to pass the exam.

Exams are online and proctored based, using a webcam and a reliable internet connection exams can be taken anywhere and anytime.

The total duration of the exam is 1 hour (60 Minutes).

No external sources of information may be accessed during the exam via ProctorU. Further details of the materials permitted are provided:

  • Identification Proof
  • If a Candidate does not pass the exam in the second (2nd) attempt, the candidate must wait for a period of at least fourteen (14) calendar days from the date of their attempt to retake the exam for third (3rd) time or any subsequent time.
  • The exam can be taken any number of times.

The CPCA™ Certificate is valid for life.

CPCA™ is a trademark of GAQM.

N/A

Note: CPCA™ Certification has no pre-requisites.

Course Outline

Module Information - 1

Module 1 - The Manager and Management Accounting

Module 2 - An Introduction to Cost Terms and Purposes

Module 3 - Cost-Volume-Profit Analysis

Module 4 - Job Costing

Module 5 - Activity-Based Costing Activity Based Management

Module 6 - Master Budget and Responsibility Accounting

Module 7 - Flexibile Budgets, Direct-Cost Variances, and Management Control

Module 8 - Flexible Budgests, Overhead Cost Variances, and Management Control


Module Information - 2

Module 9 - Inventory Costing and Capacity Analysis

Module 10 - Determining How Costs Behave

Module 11 - Decision Making and Relevant Information

Module 12 - Pricing Decisions and Cost Management

Module 13 - Strategy, Balanced Scorecard, and Strategic Profitability Analysis

Module 14 - Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis

Module 15 - Allocation of Support-Department Costs, Common Costs, and Revenues

Module Information - 3

Module 16 - Cost Allocation: Joint Products and Byproducts

Module 17 - Process Costing

Module 18 - Spoilage, Rework, and Scrap

Module 19 - Balanced Scorecard

Module 20 - Inventory Management, Just-in-Time and Simplified Costing Methods

Module 21 - Management Control Systems, Transfer Pricing, and Multinational Considerations

Module 22 - Capital Budgeting and Cost Analysis

Module 23 - Performance Measurement, Compensation, and Multinational Considerations

Target Audience

Students of accounts/finance/costing: If you’re a student of any of the domain – costing, accounting, or finance, this course is perfect for you. You would get so much value out of this course that you may not need to study any other material on the cost accounting.

Cost/Finance/Management accounting professionals: If you’re already a cost accounting/finance accounting/management accounting professional, you can use the course as a refresher or an additional edge for your professional upliftment.

Registration Process for E-Course and Exam

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  • Hard Copy Certificate will be shipped to your mailing address within six to eight working weeks and a Digital Badge will be sent to your email if you qualify in the exam.
  • Course Duration: 40 Days
  • Price: 213 USD

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  • Price: 170 USD
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