Cost Accounting ((4 Credits))

Catalog description

This course introduces students to cost accounting methods and theories used in manufacturing, merchandising and service businesses. Topics include cost behavior, cost accumulation systems and techniques, management planning and control systems, relevant cost information for short-term decision-making and long-term and capital budgeting decisions. It also includes detailed coverage of cost-volume-profit analysis; job order, process costing and standard costing systems. Additional topics include activity based and just-in-time costing, building operational and capital budgets, absorption and variable costing, and strategic cost analysis. Highly Recommended (not required): Introductory Accounting II ( ACCT 2010 ) within the past three years. Students who have completed only Accounting for Decision Makers ( ACCT 1005 ) may not take this course. The course satisfies quantitative aspects of business. This course was previously BME-213104 Cost Accounting. Prerequisites: ACCT 2005 and ACCT 2010 , or equivalents and proficiency in using spreadsheet software.