ACC 201 - Intro to Cost Accounting

Institution:

Delaware County Community College

Subject:

Accounting

Description:

This course provides students with a thorough understanding of cost accounting concepts, cost behaviors, and cost accounting techniques as applied to manufacturing cost systems. Upon successful completion of this course, students should be able to: Interpret the purpose of cost accounting and the uses of cost accounting data; Define the three basic elements of cost; Using the process and job cost systems, record the complete accounting cycle; Apply factory overhead to work in progress production units; Define factors to be considered in establishing standard costs; Compute and analyze variances from standard using the two variances methods; Determine the basis and calculate cost allocations; Prepare budgets and variance analysis.

Credits:

3.00

Credit Hours:

Prerequisites:

ACC 100 or ACC 111

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.dccc.edu

Phone Number:

(610) 359-5000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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