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:

1. Introduction to Management Accounting and Cost Accounting
2. Cost teams and Cost Concepts
3. Cost Behavior and Cost Estimation
4. The Basic Structure of a Cost Accounting System
5. Cost Type Accounting
6. Cost Center Accounting
7. Cost Unit Accounting (Product Costing)
8. Absorption Costing Versus Variable Costing
9. Cost Planning, Standard Costing and Variance Analysis
10. Organization & People
11. Overhead and Miscellaneous Costs Overhead Costs
12. Cost Reduction Pitfalls
13. Cost Reduction Maturity
14. Introduction to Management Accounting and Cost Accounting
15. The Basic Structure of a Cost Accounting System
16. Organization & People
17. Overhead and Miscellaneous Costs Overhead Costs