Mar 02, 2024  
2022-2023 Academic Catalog 
2022-2023 Academic Catalog [ARCHIVED CATALOG]

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ACC 378 - Cost Accounting

(3 Credits)

The purpose of the course is to present the essential issues of cost and managerial accounting in a one-semester course primarily designed for accounting majors. Topics to be studied relate to the development and use of costing systems to provide management with timely, accurate, and competitive cost information and performance reports. The course structure includes basic cost accounting terminology and an analysis of cost accumulation systems defined 1) by type of product such as job order costing, process costing, and joint costing and 2) by definition and measurement of costs such as standard costing, variable costing, and absorption costing. The service, retail, and manufacturing sectors will be included in the presentation of these various costing systems. In terms of planning and control, students will examine decision making in areas of cost behavior analysis, budgeting, variances, and feedback and control in performance evaluation systems. Topics also include overhead allocation and the contemporary cost accounting theories, such as the theory of constraints, total quality management, and activity based costing.

Prerequisite(s): ACC 207 , ITG 149  

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