IT COST MANAGEMENT (4 Credits)
Learning Outcomes:
On successful completion of this course, student will be able to: Define the purpose of Accounting; Explain different cost concepts and their relevance for business; Describe the Joint product Costing.
Topics:
- Introduction to Management Accounting and Cost Accounting
- Cost teams and Cost Concepts
- Cost Behavior and Cost Estimation
- The Basic Structure of a Cost Accounting System
- Cost Type Accounting
- Cost Center Accounting
- Cost Unit Accounting (Product Costing)
- Absorption Costing Versus Variable Costing
- Cost Planning, Standard Costing and Variance Analysis
- Organization & People
- Overhead and Miscellaneous Costs Overhead Costs
- Cost Reduction Pitfalls
- Cost Reduction Maturity
- Introduction to Management Accounting and Cost Accounting
- The Basic Structure of a Cost Accounting System
- Organization & People
- Overhead and Miscellaneous Costs Overhead Costs
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