Course

Course Summary
Credit Type:
Course
ACE ID:
MACI-0067
Organization's ID:
5092
Location:
Classroom-based
Length:
2 days, 14 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 1 Accounting, Cost Accounting, or Business Administration
Description

Objective:

To provide the knowledge of the basic concepts and applications of managerial cost accounting, as well as the skills to apply them towards simple problems encountered on a day-to-day basis in the workplace and in the context of federal financial reporting.

Learning Outcomes:

  • Interpret current accounting principles
  • Recognize the impact of accounting standards on financial reporting in the areas of full costing, traditional cost accounting methods, activity-based cost accounting and reporting costs by outputs and outcomes
  • Support internal decisions using accounting principles
  • Apply current account standards to day-to-day events

General Topics:

  • Basic concepts of managerial cost accounting and their purpose
  • Traditional methods of accumulating and assigning cost
  • Activity Based Costing
  • Cost accounting and reporting
  • Applying managerial cost accounting
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Classroom Exercise
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
Supplemental Materials