COST MANAGEMENT SYSTEMS
Design of actual and standard cost systems for reporting product costs in job costing, process costing, and activity costing production environments. Overhead allocation methods. Budgeting and profit planning procedures. Techniques for variance analysis and performance evaluation. Behavioral considerations in the design and use of cost accounting information systems.
Prerequisites & course information
Requisites: ACCT I S 211 or declared in undergraduate Business Exchange program Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Describe how financial and nonfinancial information serves numerous purposes in an organization, especially in relation to facilitating and influencing decisions. Audience: Undergraduate 2. Compare different costing systems to determine what system is best given specific decision-making needs or business situations. Audience: Undergraduate 3. Explain how managerial accountants contribute to the design and implementation of planning, performance measurement, evaluation, and compensation systems. Audience: Undergraduate 4. Evaluate the strengths and weaknesses of common analytical tools of accounting when applied to a specific context. Audience: Undergraduate Learning Outcomes: 1. Describe how financial and nonfinancial information serves numerous purposes in an organization, especially in relation to facilitating and influencing decisions. Audience: Undergraduate 2. Compare different costing systems to determine what system is best given specific decision-making needs or business situations. Audience: Undergraduate 3. Explain how managerial accountants contribute to the design and implementation of planning, performance measurement, evaluation, and compensation systems. Audience: Undergraduate 4. Evaluate the strengths and weaknesses of common analytical tools of accounting when applied to a specific context. Audience: Undergraduate
Sources
- Course catalogue ↗2026-2027