ACC 211 COST ACCOUNTING
ACC 211 – Cost Accounting
Course Number & Name: ACC 211 Cost Accounting
Credit Hours: 4.0 Contact Hours: 4.0 Lecture: 4.0 Lab: N/A Other: N/A
Prerequisites: Grade of “C” or better in ACC 102
Co-requisites: None Concurrent Courses: None
Course Description: This course examines in depth cost analysis and product costing for both the profit and not-for-profit sectors of the economy. Accounting for labor, materials, and manufacturing overhead emphasizes the use of source documents to analyze and record cost data in both manual and computerized accounting systems. Methods of allocating indirect costs to products are introduced. Budgeting concepts are reviewed with emphasis on capital budget techniques. Reporting for segments and decentralized operations are also covered.
Course Goals: Upon successful completion of this course, students should be able to do the following:
- describe and classify various costs incurred in operations;
- explain and apply accepted procedures that assist in cost determination and allocation; and
- discuss and use managerial techniques to facilitate planning and control of operations.