ACC 204 - Cost Accounting

 
Description
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.

1. Name, explain and apply the types of cost accounting systems used in manufacturing and non-manufacturing operations.
2. Demonstrate and illustrate the steps and related accounting entries and reports used in accumulating cost accounting data in job order and process cost accounting systems, as well as Activities-Based and Standard costing systems.
3. Analyze and apply the methods and procedures used to budget and control costs in manufacturing and non-manufacturing companies to assess, judge and support relevant and family represented outcomes.
4. Set up the steps in decision-making processes and apply these steps to solve manufacturing and non-manufacturing related business situations.
5. Construct and analyze production reports to include required estimates and defense of any necessary judgments.
6. Employ and illustrate capital budgeting as a management tool.

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. Cost-Volume-Profit analysis
8. Relevant cost and decision-making
9. Production reports
10. Capital budgeting
11. Additional optional topics per individual instructors’ outlines

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