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This course introduces students to the fundamental concepts of cost and management accounting theory and practice. It provides coverage of the objectives, principles, techniques, and methods of cost relating to the analysis and gathering of costs, cost ascertainment, and tools for managerial decision making. Topics covered include cost classifications, stock valuation and inventory control, labor and materials cost, overheads, job and batch costing, process costing, and standard costing and variance analysis. Cost and Management Accounting 1 prepares students for more advanced courses utilizing costing, managerial accounting, and financial accounting techniques.
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- Programme Type: Ass. Degree (two-year)
- Faculty: Business Administration (BSA)