c) Learning Outcomes
Students in this course will:
1. Describe how cost accounting is used for decision making and performance evaluation.
2. Explain the basic concept of cost and how costs are presented in financial statements.
3. Demonstrate how materials, labor and overhead costs are added to a product at each stage of the production cycle.
4. Analyze the basic cost flow model and be able to assign costs in a job cost system.
5. Summarize process cost accounting and prepare a process cost report.
