ACC 253 : Cost Accounting
This course studies basic concepts and cost procedures as applied to any project-oriented enterprise. It examines job order and process cost systems and explores the relationship of cost accounting to control and decision-making functions of management. Three lecture hours per week. Fall
ACC 102 with C or better or permission of department chair.
- Define and discuss terms used in contemporary cost accounting.
- Explain the functional role of cost accounting and its impact on the success of an organization.
- Define ethics as it relates specifically to cost accounting as well as to business and to general society.
- Explain basic cost concepts, including cost-volume-profit relationships.
- Perform standard cost and variance analyses to help control costs within an organization.
- Recognize the types of cost accounting systems used effectively to track costs incurred to produce and sell various product and service lines.
- Explain cost procedures as applied to any project-oriented enterprise.
- Utilize the knowledge of product and service costs to set pricing and to analyze relative profitability.
- Use the appropriate techniques to measure financial and nonfinancial performance and to motivate managers toward organization goals.