Cost Accounting

Learning Outcomes

Upon successful completion of this course, students are expected to be able to explain the roles of managerial accounting in a business endeavors, explain the roles of cost considerations on business decision making process, analyze costing methods in production activities of manufacturing, merchandising, and service businesses, prepare production cost component of financial reporting, apply appropriate production cost components in business planning and control.

Topics

This course introduces students to cost accounting fundamentals and how these fundamentals are used to calculate and analyze production. It also serves to introduce business decision-making based on cost considerations.

Prerequisite: AC113 – Introduction to Accounting I