Course Description
This course studies the principles of management accounting which include concepts and principles of cost accounting to help students determine the cost of a final product of several manufacturing and productions methods. Also, it provides useful information to help decision makers in: Short and long term planning, monitoring on actual performance through detailed analysis of cost items. Furthermore, this course provides many applied and practical cases to support the theoretical framework.
Course Aims
1. To know concepts and objectives of cost accounting
2. To know the relationship between cost concepts and decision making process.
3. To know split-up methods between variable and fixed costs.
4. To prepare manufacturing cost and income statements within industrial companies
5. To know cost allocation theories on the production units.
6. To know methods of allocation overhead costs on the production units.
7. To know steps of allocation overhead costs on the production units.
8. To know distribution methods of overhead costs for servicing centers on production centers.
Course Contents:
- Concepts and objectives of cost accounting
- The relationship between cost concepts and decision making process.
- Split-up methods between variable and fixed costs.
- Prepare manufacturing cost and income statements within industrial companies
- Cost allocation theories on the production units.
- Methods of allocation overhead costs on the production units.
- Steps of allocation overhead costs on the production units.
- Distribution methods of overhead costs for servicing centers on production centers.
Course ID: ACCT221
Credit hours | Theory | Practical | Laboratory | Lecture | Studio | Contact hours | Pre-requisite | 4.50 | 4.50 | 4.5 | ACCT102 |
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