This course is intended to expose students to current Cost Accounting theories and practice, so that they are able to use accounting data in planning and controlling business activities.
These concepts are necessary for improving student’s analytical and critical thinking skills in reporting cost information. The intention is to develop students who are ready and capable to occupy accounting positions in the business world.

At the end of this course students should be able to:

• Identify the different roles an Accountant can play in that organization.
• Calculate the variables included in the cost-volume-profit (CVP) model and discuss how they affect the profitability of the organization. 3.
• Discuss the topics of job costing and activity-based costing (ABC) and how these techniques are utilized in a managerial capacity.
•  Calculate and use standard costing information to analyze direct material, direct labor and overhead costs.
• Use capital budgeting models to make appropriate investment decisions regarding capital assets.
• Utilize differential analysis in assisting with managerial decision-making with regards to make vs. buy decisions, elimination of a product or division, accepting a special order.