ACCT210 Cost Accounting I
Department of Business, Innovation, and Legal Studies: Accounting
- I. Course Number and Title
- ACCT210 Cost Accounting I
- II. Number of Credits
- 3 credits
- III. Number of Instructional Minutes
- 2250
- IV. Prerequisites
- ACCT106 (C or better) or permission of the Department of Business, Innovation, and Legal Studies.
- Corequisites
- None
- V. Other Pertinent Information
- None
- VI. Catalog Course Description
- This course provides an understanding of cost accounting systems and procedures and how they are used for business strategy and implementation. This course presents an analysis of key data for planning and controlling to assist in management decisions.
- VII. Required Course Content and Direction
-
-
Course Learning Goals
Students will:
- develop an understanding of the elements and behaviors of manufacturing costs;
- demonstrate an understanding of and apply the concepts of cost accounting systems; and
- apply the concepts of budgeting and cost-volume-profit analysis to manufacturing and service concerns.
-
Planned Sequence of Topics and/or Learning Activities
- monitoring costs
- job order cost cycle
- purchasing materials
- storing and issuing materials
- controlling and valuing inventory
- timekeeping and payroll
- charging labor costs into production
- departmentalizing overhead costs
- setting overhead rates
- applying manufacturing overhead
- completing the cost cycle
- the analysis of cost behavior
- budgeting
- standard costs: materials and labor
- manufacturing overhead: standard costs completing the accounting cycle for standard costs
- cost-volume-profit analysis
- analysis of manufacturing costs for decision making
- cost accounting for distribution activities and service business
-
Assessment Methods for Course Learning Goals
The assessment of course learning goals will be based on exams, a comprehensive final exam which encompasses the application of managerial accounting principles, assignments, performance based tasks and projects, and/or instructor evaluation. -
Reference, Resource, or Learning Materials to be used by Student:
See course syllabus for required textbook and any related materials.
-
Review/Approval Date - 5/99; Revised 12/2011; New Core 8/2015