ACC 223 - Cost Accounting

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, inventory costing and capacity, and inventory management techniques are investigated. Group 2 course.

Credit Hours


Contact Hours


Lecture Hours


Required Prerequisites

ACC 122 or ACC 123

Recommended Prerequisites or Skills Competencies

MTH 111

General Education Outcomes supported by this course

Quantitative Reasoning

Course Learning Outcomes

  • Describe terminology relative to cost accounting.
  • Construct master and flexible budgets.
  • Differentiate between job costing, activity-based costing, and process costing.
  • Use ratios and other analysis techniques to make prudent business decisions.
Human Dimension:
  • Discover how cost accounting affects management decisions and a business overall.
Caring - Civic Learning:
  • Discover strategies to implement long-term financial, social and environmental performance as key imperatives.
Learning How to Learn:
  • Utilize case studies or simulations to discover their ability to make appropriate decisions that will affect business.