To begin, read over the Course Objectives we have covered in this class: Prepare a financial statement analysis including horizontal and vertical analysis and ratios to assess liquidity, solvency, profitability, and relative position in the stock market Set selling prices using cost-plus, prestige, and target costing Demonstrate the allocation of indirect costs using the appropriate cost drivers Explain the benefits and detriments of allocating indirect costs Allocate joint product costs Allocate service department costs Use activity-based costing to calculate the costs of products and services Prepare and interpret quality cost reports Explain unit, batch, product, and facility costs Describe flexible and static budgets Classify and interpret flexible budget variances Differentiate between cost, profit and investment centers Prepare and apply responsibility reports Demonstrate the flow of materials, labor costs, and overhead for inventory and cost of goods sold using job costing and process costing Prepare the cash flow statement using the indirect approach For your main discussion post, reflect on your learning throughout the course and answer the following questions: • Of the above Course Objectives, which has had the most and which has had the least impact on your learning? Elaborate your response. • How will you apply what you have learned in this class as a foundation for learning in other courses OR in your career? Explain. For your responses, comment on the similarities and the differences noted in your post as opposed to your classmates’ posts as far as the impact of the Course Objectives on your learning.
