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.
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