ACCT 305 - Cost Accounting

Description:
Economics of cost accounting; industrial analysis, production control through costs, types of cost systems, and burden application.

Prerequisites:
Prerequisites: a grade of C or higher in ACCT 251 and ACCT 252, and a pre-major or major or minor or certificate student in a College of Business program; or admission to the MPA program.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Provide definitions for key terms.
Calculate inventory costs in a manufacturing environment.
Demonstrate knowledge of cost accounting systems.
Demonstrate knowledge of cost behavior.
Demonstrate knowledge of cost- volume-profit (CVP) analysis.
Demonstrate knowledge of a simple budget situation for a company.
Demonstrate knowledge of standard costs.
Demonstrate knowledge of decentralized operations.
Demonstrate ability to make short-term decisions
Demonstrate knowledge of capital investment decisions

Learner Outcomes Approval Date:
1/22/15