The aim of the course
is to provide students with knowledge of cost and cost-related concepts, and
teach them how to use these concepts in evaluating the cost of a product; in
the process of planning and control; and decision-making. This course examines
in depth cost analysis and product costing for both the profit and
not-for-profit sectors of the economy. Accounting for labor, materials, and
manufacturing overhead emphasizes the use of source documents to analyze and
record cost data in both manual and computerized accounting systems. Methods of
allocating indirect costs to products are introduced. Budgeting concepts are
reviewed with emphasis on capital budget techniques. Reporting for segments and
decentralized operations are also covered.
- Teacher: Temitope Cristiana Popoola