Course Description

ACCT 315: Cost Accounting

Cost accounting focuses developing and analyzing cost information for management decision making, using a variety of computer and quantitative techniques. Building on material covered in Managerial Accounting, Cost Accounting covers advanced topics in accounting and focuses on the preparation, rather than the use, of accounting information that affects the planning and controlling activities of organizations.

Part 1 of the course introduces various acceptable methods of determining product costs, emphasizes the accounting entries that underlie them and focuses on analysis of product cost data on the operating results of the firm. Part 2 explores additional issues related to cost accounting including procedures for allocating service and support department costs, transfer pricing and variable costing as tools for decision making. Throughout the course, the emphasis is on the accountant’s role in preparing and analyzing accounting information to aid in cost management.