Cost Accounting

Catalog description

Examines the concepts and methodologies useful to understand a cost accounting system for business decision-making, cost control, and performance assessment. Studies cost analysis and explores statistical methods in measuring cost behavior, overhead, and fixed costs. Introduces capital budgeting techniques for equipment replacement and long-term asset management given the relevant range of productive capacity. Compares and analyzes decentralization, segment, and divisional management accounting. Topics include marginal cost relevancy, make-or buy decisions, multiple product cost assignment and production methods, joint costs and by-products, responsibility accounting, activity-based costing, just-in-time cost systems, economic value added, residual income, the balance scorecard, and return on investment techniques.