ACCT-1031Cost Accounting
This course will introduce cost terms and concepts and show their impact on profitability and decision-making. Topics covered include job-order costing, process costing - both weighted average and FIFO (first-in, first-out), and activity based costing. The budget process, its implementation, and the usefulness of standard costing and variance analysis will be discussed. Also reviewed are common performance measures, cost-volume-profit analysis, and the concept of relevancy in making common decisions.
