BEC Exam Cost Accounting

Pulled straight from our BEC Review Course, this study session goes over important introductory concepts in Cost Accounting, such as decision making, cost classification and cost systems.

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Video Transcript Sneak Peek:

What we're going to do today is talk about a whole bunch a different areas that we need to understand because it will lead us into other areas where we talk about something called variance analysis, so it's going to be important to understand it for that. What is our goal here? Our goal, our objective is to accumulate the cost. That way we can value inventory and costs of goods sold.