Course Description

This course explores cost accounting from a managerial perspective. Job costing, activity-based costing, and process costing are analyzed. Budgeting and variance analysis for management control are examined. Cost volume-profit analysis, cost allocations, and strategic decision making are investigated. Data analytics are incorporated throughout this course. Group 2 course.

Credit Hours

4

Contact Hours

4

Lecture Hours

4

Required Prerequisites

ACC 122 or ACC 123, CIT 210

Recommended Prerequisites or Skills Competencies

MTH 111, CIT 211

General Education Outcomes supported by this course

Quantitative Reasoning

Course Learning Outcomes

Knowledge:

• Describe terminology relative to cost accounting.

Application:

• Construct master and flexible budgets.
• Differentiate between job costing, activity-based costing, and process costing.

Integration:

• Use ratios and other analysis techniques to make prudent business decisions.

Human Dimension:

• Discover how cost accounting affects management decisions and a business overall.
• Discover appropriate methods of presenting analysis results to decision makers.

Caring - Civic Learning:

• Discover strategies to implement long-term financial, social, environmental, and governance goals.

Learning How to Learn:

• Apply data analysis techniques and skills, utilizing software used in business, to discover how business operations could be improved and to make appropriate managerial decisions.