ACCT 355 will address the details of cost accumulation and product costing. It will also teach you how to measure and identify relevant costs for managerial decision making, planning, controlling, and measuring performance.
Outline
Lesson 1: Accounting, Business, and Competitiveness
Lesson 2: Product Costing: Job Order Costing
Lesson 3: Product Costing: Process Costing
Lesson 4: Activity-Based and Service Department Costing
Lesson 5: Cost-Volume-Profit (CVP) and Analysis of Cost Behaviour
Lesson 6: Incremental Analysis and Absorption versus Variable Costing: A Decision-Making Perspective
Lesson 7: Pricing, Transfer Pricing, and Inventory Decisions
Lesson 8: Master Budget and Responsibility Accounting
Lesson 9: Flexible Budgets, Variances, and Management Control
Lesson 10: Planning for Capital Investments
Learning outcomes
After you have completed this course, you should be able to
discuss the role of management accounting in planning, control, and decision-making in an organization.
define the terms and concepts used in identifying and classifying costs.
demonstrate the use of cost-volume-profit analysis in decision-making and planning.
apply methods focusing on cost accumulation and product costing for inventory valuation and income determination.
understand and apply activity-based costing and the cost hierarchy approach in allocating costs to products and services.
apply process costing using various costing methods, and distinguish and account for spoilage in process costing procedures.
describe and apply various methods for estimating a cost function.
compare and contrast variable costing and absorption costing, and prepare income statements using both methods.
measure and identify relevant costs for different types of managerial decisions.
discuss various methods for pricing products and services, and recommend a pricing strategy based on various considerations.
identify and evaluate management of inventory through various methods.
Evaluation
To receive credit for this course, you must write a final examination and pass it with a grade of at least 50%. In addition, you must achieve a minimum overall course grade of D (50 percent). Any quizzes or assignments not submitted will receive a grade of 0%.
The following chart describes the credit weight associated with each assessment activity:
Activity
Weight
Complete by
Quizzes (6 @ 2.5%)
15%
After Lessons 2, 3, 5, 6, 7, 10
Assignment 1
10%
After Lesson 4
Assignment 2
10%
After Lesson 7
Assignment 3
10%
After Lesson 10
Final Examination
55%
End of course
Total
100%
The final examination for this course must be requested in advance and written under the supervision of an AU-approved exam invigilator. Invigilators include either ProctorU or an approved in-person invigilation centre that can accommodate online exams. Students are responsible for payment of any invigilation fees. Information on exam request deadlines, invigilators, and other exam-related questions, can be found at the Exams and grades section of the Calendar.
To learn more about assignments and examinations, please refer to Athabasca University’s online Calendar.
Note: Students planning to transfer this course to a Chartered Professional Accountant designation are advised that they will be required to achieve a grade higher than the minimum passing grade. See CPA Requirements for details.
Materials
Datar, S. M., Rajan, M. V., & Beaubien, L. (2022). Horngren’s cost accounting: A Managerial emphasis (9th Can. Ed.). Pearson Canada, Inc. ISBN: 978-0-13-655821-7 (eBook)
Students will access all other course materials online.
Challenge for credit
Overview
The challenge for credit process allows you to demonstrate that you have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university-level course.
Full information about challenge for credit can be found in the Undergraduate Calendar.
Evaluation
To receive credit for the ACCT 355 challenge registration, you must achieve a grade of at least D (50 percent) on the examination.
Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized study counterparts.