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
Course Outcomes

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