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ACCT
308 Cost Accounting (3) |
| This course focuses on how companies use information internally to achieve the goals of the organization. Emphasis will be placed on measuring and manipulating cost information from the past and present to facilitate decision making, implementation and evaluation. |
| Offerings: F,S, Su. |
| Prerequisites: Junior standing; ACCT 203, 204; computer literate. |
Sample Syllabi/Topics: Not Available. |
| Learning Objectives : |
| 1 – Students will not only learn how to measure costs using both traditional and newer techniques like ABC and Throughput Costing, but will also be able to identify how the newer approaches to costing are improvements upon the older, more traditional approaches. 2 – Students will learn how to identify relevant costs and benefits for purposes of making both short- and long-term decisions. 3 – Students will develop budgets and analyze deviations from budget in a manner that allows them to meaningfully evaluate the performance of a business unit. 4 – Students will be aware of the agency problem and will understand ways in which the agency problem can be mitigated with incentives to align goals of managers with goals of owners. Additional focus will be placed on incentives tied to divisional financial performance and the potential pitfalls associated with motivating intra-company managers to compete for profits with one another. |
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