Skip to Main Content

Cost Accounting: Course outline (ACT- 521)

Course description

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. The broad course objectives are to help students to understand the central concepts of Cost Accounting, the methods of conducting data analysis preparation of reports for managerial decision making and how to use Cost Accounting to solve the problems faced by Cost and Management Accountants and High management.

Throughout the course, you will be learning concepts and techniques of cost management and applying the knowledge in analyzing cases. I intend to ask you to critically think strategically and analytically about companies and their problems. In addition, you will be asked to conduct many analyses. The course is intended as a learning and practice field with your instructor and colleagues as your sparring partners. 

Course content

Cost Accounting Concepts and Objectives

 

Financial Statements The bases for planning and control

 

Costs, Concepts, Uses and Classification     

 

Job Order Costing, Process Costing

 

Planning and Control of Factory Overhead

 

Planning and Control of Materials

 

Planning and Control of Labor

 

Cost and Profit Analysis

 

Differential Cost Analysis                                                             

Recommended Books

Related books