The fundamental cost accumulation techniques for manufacturing and non-manufacturing companies are studied. Emphasis is on job and project costing, direct, and standard, by-product and joint product and process costing. Quantitative methods applicable to cost accounting are studied. This course trains students to develop accounting systems that will enhance performance measurements and decision making within the firm.
- Describe the cost concepts, cost behaviors, and cost accounting techniques that are applied to manufacturing and service businesses.
- Apply cost concepts and cost behaviors in the solving of management decision.
- Determine the costs of products and services.
- Analyze the profitability of a product or service.
- Discuss the various techniques available to measure managerial performance and to motivate employees toward organizational goals.