May 15, 2021  
2021-2022 Academic Catalog 
2021-2022 Academic Catalog
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ACC-2030 Cost Accounting

Credits 3
This course covers cost accounting as a tool to improve and support key business decisions such as material costs, labor costs, manufacturing overhead and marketing costs.  This course also covers how to create and use a master budget, job costing and processing costing.
Prerequisite(s): ACC-1002  (formerly Acc-2002)
(Classroom or Online Sessions offered in the fall only. Not offered in the summer.)

Course Outcomes
  1. Distinguish among absorption, variable and full cost accounting.
  2. Distinguish among job costing, process costing and backflush costing methods.
  3. Explore relevant revenues, costs and non-quantitative factors for budgeting and management decision making.
  4. Analyze cost behavior to determine appropriate drivers and pools for a cost object.
  5. Apply the cost benefit principle in selecting the method and degree of detail to be used in computing a cost.
  6. Distinguish among cost allocation methods.
  7. Prepare master budgets, flexible budgets, and compute and analyze related variances.
  8. Apply various methods of evaluating capital projects.

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