ACCT210 Cost Accounting I

Department of Business Studies: Accounting

  1. Course Number and Title

    ACCT210 Cost Accounting I

  2. Number of Credits

    3 credits

  3. Minimum Number of Instructional Minutes Per Semester

    2250

  4. Prerequisites

    ACCT106 (C or better) or permission of the Department of Business Studies

    Corequisites

    None

  5. Other Pertinent Information

    None

  6. Catalog Course Description

    This course provides an understanding of cost accounting systems and procedures and how they are used for business strategy and implementation. This course presents an analysis of key data for planning and controlling to assist in management decisions.

  7. Required Course Content and Direction

    1. Learning Goals:

      1. Course
        2. Students will
        1. develop an understanding of the elements and behaviors of manufacturing costs;
        2. demonstrate an understanding of and apply the concepts of cost accounting systems; and
        3. apply the concepts of budgeting and cost-volume-profit analysis to manufacturing and service concerns.

      2. Core (if applicable)
        3. This course is not included in the Core.

    2. Planned Sequence of Topics and/or Learning Activities:

      1. monitoring costs
      2. job order cost cycle
      3. purchasing materials
      4. storing and issuing materials
      5. controlling and valuing inventory
      6. timekeeping and payroll
      7. charging labor costs into production
      8. departmentalizing overhead costs
      9. setting overhead rates
      10. applying manufacturing overhead
      11. completing the cost cycle
      12. the analysis of cost behavior
      13. budgeting
      14. standard costs: materials and labor
      15. manufacturing overhead: standard costs completing the accounting cycle for standard costs
      16. cost-volume-profit analysis
      17. analysis of manufacturing costs for decision making
      18. cost accounting for distribution activities and service business

    3. Assessment Methods for Core Learning Goals:

      1. Course
        2. The assessment of course learning goals will be based on exams, a comprehensive final exam which encompasses the application of managerial accounting principles, assignments, performance based tasks and projects, and/or instructor evaluation.

      2. Core (if applicable)
        3. This course is not included in the Core.

    4. Reference, Resource, or Learning Materials to be used by Students:

      See course format for required textbook and any related materials.

  8. Teaching Methods Employed

    Section VIII is not being used in new and revised syllabi as of 12/10/08.

Review/Approval Date - 5/99; Revised 12/2011