Delaware County Community College, Serving Delaware and Chester Counties

ACC 201 - Introduction to Cost Accounting

Course Description

This course provides students with a thorough understanding of cost accounting concepts, cost behaviors, and cost accounting techniques as applied to manufacturing cost systems.

Upon successful completion of this course, students should be able to:

Interpret the purpose of cost accounting and the uses of cost accounting data. Define the three basic elements of cost.
Using the process and job cost systems, record the complete accounting cycle. Apply factory overhead to work in progress production units.
Define factors to be considered in establishing standard costs.
Compute and analyze variances from standard using the two variances methods. Determine the basis and calculate cost allocations.
Prepare budgets and variance analysis.

Credit Hours: 3
Lecture Hours: 3


Course Prerequisites: ACC 100 or 111