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Cost Management

Cost Management will provide the student with an overview of the preparation and use of managerial cost accounting information. The course begins with an introduction to cost accounting technology and then focuses on traditional cost accumulation systems for manufacturing and service operations. Product costing systems in the new manufacturing environments are also examined. The importance of budgeting, master budgets and flexible budgets are studied. The course also covers standard costs and variance analysis. Finally, the course covers basic differential analysis to assist in various decision making situations, including a product?s selling price. Many students eventually work in a managerial capacity where they are involved in planning, controlling and decision making. This course is designed to provide the student with an understanding of some of the processes and tools that will help them fulfill these roles responsibly and competently.