Course

Course Summary
Credit Type:
Course
ACE Course Number:
SDCM-0105
Organization Course Number:
Accounting 303
Organization:
Location:
Classroom-based
Length:
Self-paced. 15 weeks (45 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Cost Accounting
Description

Objective:

The course objective is to have students master cost accounting methods and learn how they are used in business situations. The course will guide students through costing formulas, activity-based costing, cost-volume-profit analysis, allocation, ethics, modern day trends, and more.

Learning Outcomes:

  • Differentiate the components and purposes of various costing methods, techniques, and formulas including cost accounting, job-order costing systems, process costing, and variable and activity-based costing
  • Dissect the process of CVP analysis to determine the relationship between company costs, revenue and sales volume
  • Summarize effective techniques for estimations and planning, such as using employ regression analysis to achieve project cost goals
  • Use cost accounting formulas, such as those used to calculate the break-even point, target net income, gross profit margin, and contribution margin
  • Assess how different industries use activity-based costing methods to determine the costs of various products or services
  • Break down the purpose and components of the master budget
  • Break down various aspects of cost accounting in inventory, such as inventory accounts, goods and inventory statements, and methods of inventory cost calculations
  • Evaluate modern trends in managerial accounting and their effects on business strategy, such as how and why predictive accounting has risen in popularity

General Course Topics:

  • Cost classifications in accounting
  • Costing methods and techniques
  • Formulas for cost accounting
  • Standard costs in accounting
  • Job order cost system in accounting
  • Process cost system in accounting
  • Activity-based costing overview
  • Product and service costing
  • Budgetary process
  • Cost behavior analysis
  • Cost-volume-profit analysis overview
  • Cost estimation
  • Service department and joint cost allocation
  • Cost accounting for decision making
  • Ethics in cost accounting
  • Modern trends in accounting
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials

Methods of Assessment:

  • Case Studies
  • Examinations
  • Quizzes
  • Written Papers

Minimum Passing Score:

70%
Supplemental Materials