ACC 311 : Cost Accounting

Prerequisites: None.
Co-requisites: ACC 301

This course examines in depth cost analysis and product costing of the economy. Accounting for labor, materials, and manufacturing overhead emphasizes the use of source documents to analyze and record cost data. Methods of allocating indirect costs to products are introduced. Budgeting concepts are reviewed with emphasis on capital budget techniques. The course exposes an in-depth study of methods used by managers for decision-making, budgeting, and performance evaluation. The course also emphasizes cost accounting systems and procedures for data accumulation and cost control. Topics covered in this course are break-even analysis, inventory costing system, cost behavior, master and flexible budgets, capital budgeting, balance score card, and cost control system analysis.