The course presents an advanced analysis of data collection for planning and controlling operations.  Topics include inventory cost evaluation, income determination, job order, process, and standard costing systems.

 PREREQUISITE: Six semester hours of accounting including ACC2112.

 UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:

• Evaluating cost accounting concepts in an organizational setting.
• Describing the role of a cost accountant.
• Analyzing inventory costing methods.
• Allocating overhead costs to jobs, departments, and cost centers.
• Recording journal entries applicable to a costing system.
• Identifying cost information relevant to financial statements.
• Identifying issues associated with production efficiency and quality control.
• Preparing production and operational reports.
• Analyzing job order and process costs systems.
• Determining multiple product processing systems.
• Analyzing joint products and by-products costs.
• Developing budget systems as a cost control technique.
• Applying standard costing concepts.
• Performing variance analysis as a cost control.
• Performing cost-volume-profit analysis and profit planning.
• Evaluating variable and absorption costing systems.