Cost Accounting

Learning Outcomes :

On successful completion of this Course, students will be able to: Explain the meaning of terms, cost manner, purposes & scope of cost accounting; Identify the cost accounting concept, cost manner, purposes and the scope of cost accounting; Calculate CVP, cost of goods manufactured, cost variances, cost allocation; Analyze decision making and just in time inventory; Prepare job order cost sheet, master budget, flexible budget, process costing

Topics :

1. An Introduction To Cost Terms and Purposes
2. Cost-Volume- Profit Analysis
3. Job costing
4. Activity Based Costing & Activity Based Management
5. Master Budget and Responsibility Accounting
6. Flexible Budget, Direct-cost Variances and Management Control
7. Decision Making and Relevant Information
8. Cost Allocation, Costumer Profitability Analysis and Sales Variance Analysis
9. Allocation of Support-Department Costs,Common Costs and Revenues
10. Cost Allocation, Joint products and By Products
11. Process Costing
12. Inventory Management, just-in-time(JIT), and Simplified Costing Methods