Chemeketa Online
Distance Education & Academic Technology
Course Outline

Last Updated: Jan-12-07

Course Identification: BA215 3 Credits
Course Title: Cost Accounting
Total Instructional Hours: for the course per term
Lecture: 33 Hours
Laboratory: 
3 Credits
0 Credits
Prerequisite
Course(s):
BA213, Managerial Accounting
Required Text: Hilton, Ronald W., Managerial Accounting , McGraw Hill Study Guide
Course Description: Analyzes methods of detailed and specific identification of cost elements within the business enterprise. Focuses on job order, process and standard cost accounting systems, and their related theory. Emphasizes principles, techniques and managerial use of cost accounting data,and use of budget and performance reports as they relate to cost accounting.
Performance Based Learner Outcomes: Upon successful completion of the course, students should be able to: 1. Define job order costing and process costing. 2. Distinguish job order and process costing, and the effect each has on inventory valuation and income determination. 3. Analyze capital budgeting problems and to apply selected models in reaching capital budgeting decision. 4. Analyze cost allocation problems with an emphasis on the ways various costs are allocated to operating subdivisions and products of a business.
Course Content:
  1. Cost Allocation
    1. Service department costs
    2. Allocating costs to departments
  2. Capital Budgeting
    1. Discounted cash flow concepts
    2. Uncertainty and sensitivity analysis
    3. Net present values
    4. Cash flow analysis with income taxes
  3. Job Costing Systems
    1. Factory overhead application
    2. Product costing in non-profit organizations
  4. Process-Costing Systems
    1. Equivalent unit calculations
    2. Product cost calculations
    3. Effect of inventory costing method
    4. Journal entries
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