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Jun 21, 2024
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ACC 221 - Cost Accounting
Course Department: Business
Last Date of Approval: Fall 2022
3 Credits
Total Lecture Hours: 45
Total Lab Hours: 0
Total Clinical Hours: 0
Total Work-Based Experience Hours: 0
Course Description:
This course provides a study of the methods of cost accumulation for inventory valuation and income determination for manufacturing concerns including utilization and evaluation of cost data for planning and controlling operations.
Prerequisites: C or better in ACC 146 - Managerial Accounting
Prerequisites/Corequisites: ACC 142 - Financial Accounting
Mode(s) of Instruction: traditional/face-to-face, and/or online
Credit for Prior Learning: There are no Credit for Prior Learning opportunities for this course.
Course Fees: There is a $124.99 course fee which includes all courses that utilize the Cengage products.
Common Course Assessment(s): None
Student Learning Outcomes and Objectives:
1.
- Students will account for and analyze elements of the production cycle.
- Calculate the cost of production using various costing methods and overhead allocations.
- Determine desirable production and sales levels to achieve goals.
- Students will demonstrate ability to make short and long-term financial decisions.
- Prepare operating and financial budgets.
- Compare the differences between actual and planned revenue and costs.
- Students will evaluate company performance and develop strategies for improvement.
- Implement and analyze management and production systems such as Just-in-Time, responsibility accounting, and Activity-Based-Management
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