ACCT 2450 Cost Accounting
An introductory investigation of fundamental principles of managerial cost accounting, such as accumulation and reporting of accounting information for product costing and standard costing, as well as information and processes useful in planning, decision-making and control activities. Generally offered in Fall only. Prerequisite: Completion of
ACCT 2010. (3 lect)
Major Topics
- Introduction to cost/managerial accounting
- Accounting systems – Job order and Process costing.
- Cost behavior
- Cost - Volume - Profit Relationships
- Variable costing
- Activity – based Costing
- Profit planning
- Standard Costs
- Flexible budgets and overhead analysis
- Segment reporting
Outcomes
In order to successfully complete this course, the student will:
1. Examine the role and purpose of cost/managerial accounting
2. Analyze and calculate financial information in order to plan operations, control activities and make decision and use the following cost/managerial concepts:
2a. Job-Order Costing
2b. Process Costing
2c. Just-in-time Activity Based Costing
2d. Cost-Volume-Profit Relationships
2e. Variable Costing
2f. Profit Planning
2g. Standard Costing
2h. Flexible Budgets and Overhead Analysis
2i. Segment Reporting, Profitability Analysis and Decentralization
Other Information
Any information placed here must be adhered to by all instructors:
Please contact the on-campus instructor for the current textbook.