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Cost Accounting: Course Outline

The Course deals with examining Cost Accounting as a tool for providing information for manufacturing, internal reporting, external reporting as well as for managerial decision making

Chapter 1.     Cost Accounting Concepts and Objectives.        

Chapter 2.     Financial Statements The bases for planning and control  

Chapter 3.     Costs: Concepts, Uses and Classification      

Chapter 6.     Job Order Costing, Process Costing:  

Chapter 6.     Job Order Costing, Process Costing

Chapter 9.     Planning and Control of Factory Overhead.  

Chapter 9.     Planning and Control of Factory Overhead.      

Chapter 10.   Planning and Control of Factory Overhead

Mid Term

Chapter 12.   Planning and Control of Materials.         

Chapter 13.   Planning and Control of Materials.      

Chapter 14.   Planning and Control of Labor.

Chapter 24.  Cost and Profit Analysis  

Chapter 25.  Differential Cost Analysis  

Chapter 25.  Differential Cost Analysis   

Project Presentations

Final Exam   

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Learning Outcome

At the conclusion of this course, the student will be:

Be able to recognize the importance of Cost Accounting as a first step in the Manufacturing process.

Define Cost Accounting and explain its purpose within an organization.

Describe the steps involved in the Accumulation of Total Cost in different departments.

Distinguish between Financial accounting and Cost Accounting.

Prepare and provide cost data for the decision making of the higher management.

Product costing preparation and process costing analysis.

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