ACCT 311 Cost/Managerial Accounting

This course examines various topics in cost and managerial accounting. It focuses on the examination and analysis of cost data for performance evaluation and decision-making. Special emphasis is placed on job order costing, process costing, standard costs, the budgeting process, cost-volume-profit analysis, variable costing, capital budgeting, and capital investment. 

Credits

4

Prerequisite

ACCT 202

Offered

Spring

Student Learning Outcomes

1. Have a basic understanding of the purpose of managerial accounting. 
2. Compute product costs using job order costing or process costing methods.
3. Review activity based costing methods.
4. Compute support department and joint cost allocation amounts and understand the subjectivity involved in such calculations.
5. Determine break even analysis and variable costing analysis.
6. Develop both financial and operating budgets.
7. Understand product standard costs and evaluation of variances from these standards.
8. Understand differential analysis and compute differential product pricing.
9. Understand capital investment analysis.
10. Understand lean manufacturing analysis.