Lectures, demonstration, and discussion combined with written and computerized exercises in problem-solving activities. In addition, students will be required to use a team approach in the oral presentation of solutions to discussion questions and case analyses.
- Strategy, balanced scorecard, and strategic profitability analysis
- Cost allocation methods and their effects on performance evaluation and decision making
- Variable, absorption costing, and throughput costing methods including the effects of denominator activity on inventory valuation
- Accounting applications for various costing systems
- Process costing: fifo and weighted average methods
- The calculation, accounting, and analysis, of cost and revenue variances, including mix variances
- Cost management: quality, time, and theory of constraints
- Capital budgeting
- Inventory and supply chain management including EOQ, JIT, and backflush costing
- Performance measurement, compensation, and multinational considerations
- Quantitative analysis of cost functions
- Accounting for spoilage, rework, and scrap
At the end of the course, the successful student should be able to:
- Demonstrate the use of alternative systems and techniques to furnish management information in more complex operational settings;
- Develop, analyze and use appropriate data for management decision-making and control purposes given a variety of business operating scenarios;
- Apply case analysis to business situations involving higher level decision making and information requirements;
- Demonstrate the ability to work cooperatively in a group setting.
|Assignments and/or tests||16%|
|Comprehensive final examination||40%|
STUDENTS MUST WRITE BOTH THE MIDTERM EXAMINATION AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE.
Textbooks and Materials to be Purchased by Students
Horngren, Charles T. et al. Cost Accounting: A Managerial Emphasis, latest edition. Pearson Education; or, other text(s) as approved by the ACCT Dept.
Instructor compiled materials (if applicable).
On-line cases to be purchased by student (if applicable), to be determined by instructor.
Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations
(ACCT 2320 with a grade of C or better)