ACCT 360 Cost Accounting • 5 Cr.
Covers the purpose and the methods of cost accounting for an efficient and effective planning and control. It examines cost behavior and alternate costing methods including job-order, process, and standard cost accounting systems, as well as cost variances. It also covers budgets and profitability analysis. Prerequisite: Admission to the program and ACCT 234.
After completing this class, students should be able to:
• Develop a cost-volume-profit analysis. • Employ job-order and activity-based costing. • Calculate cost variances. • Analyze the behavior of costs. • Select and employ the most appropriate inventory costing method for the business • Conduct cost analysis and Estimation • Utilize Cost Management Systems