Course Summary
Credit Type:
Organization's ID:
Accounting 303
Self-Paced. 45 hours (15 weeks)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Cost Accounting


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:

  • 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
  • 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
  • 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
  • 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

General Topics:

  • Cost Classifications in Accounting
  • Costing Methods & 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 & Service Costing
  • Budgetary Process
  • Cost Behavior Analysis
  • Cost-Volume-Profit Analysis Overview
  • Cost Estimation
  • Service Department & 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:

Supplemental Materials