ACCT 230 Cost Accounting

This course covers fundamentals of cost accounting including terminology; cost-volume-profit analysis; costing systems; operating, financial, and flexible budgets including variances; and other topics such as transfer pricing and performance measurement. This course prepares students for business decisions in cost accounting and for the Certified Public Accountant (CPA) exam.

Credits

3

Prerequisite

ACCT 112

Hours Weekly

3

Course Objectives

1. Apply cost accounting concepts, terminology, methods, and measurement techniques within an entity.
2. Differentiate the characteristics of fixed, variable, and mixed costs within an entity.
3. Compare and contrast the different costing methods such as absorption vs. variable and process vs. job order costing.
4. Determine the appropriate variance analysis method to measure the key cost drivers by analyzing business scenarios.
5. Apply techniques used for forecasting and projection including, but not limited to, cost benefit analysis, sensitivity analysis, and breakeven analysis.
6. Compare financial valuation methods and decision models relating to asset and investment management, debt, equity, and leasing.

Course Objectives

1. Apply cost accounting concepts, terminology, methods, and measurement techniques within an entity.

   This objective is a course Goal Only

   Learning Activity Artifact

   • Other (please fill out box below)
   • Quiz/Exam

   Procedure for Assessing Student Learning

   • Other (please fill out box below)
   • Answer key
2. Differentiate the characteristics of fixed, variable, and mixed costs within an entity.

   This objective is a course Goal Only

3. Compare and contrast the different costing methods such as absorption vs. variable and process vs. job order costing.

   This objective is a course Goal Only

4. Determine the appropriate variance analysis method to measure the key cost drivers by analyzing business scenarios.

   This objective is a course Goal Only

5. Apply techniques used for forecasting and projection including, but not limited to, cost benefit analysis, sensitivity analysis, and breakeven analysis.

   This objective is a course Goal Only

6. Compare financial valuation methods and decision models relating to asset and investment management, debt, equity, and leasing.

   This objective is a course Goal Only