Jul 24, 2024  
2024-2025 Catalog 
2024-2025 Catalog
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ACC 204 - Cost Accounting

Credits: 3
3 Lecture Hours

Prerequisites: ACC 203  

This course covers the basic techniques and procedures used in cost determination. Performance measurements, standard cost, job order methods, cost analysis and control are studied as management tools.

Learning Outcomes
Upon successful completion of the course, the student will:

  1. Explain how cost accounting systems are used for job order, process, activities-based costing (ABC) and standard cost systems in manufacturing firms.
  2. Implement activity-based costing systems and management of analysis, cost behavior and estimation in any manufacturing situation.
  3. Construct cost-volume-profit (CVP) analysis models for manufacturing companies.
  4. Prepare operational and capital level management reports that incorporate activity-based budgeting and cash-flow analysis.
  5. Develop a basic activity-based cost system appropriate for various manufacturing entities.
Listed Topics
  1. Importance of cost information
  2. Basic cost flows and concepts
  3. Job order cost cycle
  4. Process cost systems
  5. Budgeting
  6. Standard costs
  7. CVP analysis
  8. Relevant cost and decision-making
  9. Production reports
  10. Capital budgeting
Reference Materials
Textbook and supplementary materials such as working papers, study guides, videos, handouts and library resources
Students who successfully complete this course acquire general knowledge, skills and abilities that align with CCAC’s definition of an educated person. Specifically, this course fulfills these General Education Goals:
  • Critical Thinking & Problem Solving
  • Information Literacy
  • Quantitative & Scientific Reasoning
Approved By: Dr. Quintin B. Bullock Date Approved: 10/18/2021
Last Reviewed: 10/18/2021

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