Advanced cost accumulation, allocation, and control techniques for manufacturing and service firms.
About this course
Cost Accounting Systems explores how manufacturing and service organizations track, accumulate, and control costs. You will move beyond basic financial reporting to examine the internal accounting systems that managers use for planning and decision-making. The course covers advanced cost accumulation techniques, including job-order, process, and activity-based costing, as well as methods for analysing variances and managing standard costs.
You will learn to apply cost-volume-profit analysis and evaluate the financial implications of outsourcing, capacity utilisation, and product mix. By the end of the term, you will be able to design cost control systems that support strategic business goals and improve operational efficiency.
Who takes this course
This course is a required component of the Bachelor of Applied Business — Accounting program.
Credits: 3 · Hours: 45
Prerequisites
Learning outcomes
- Calculate product costs using job-order, process, and activity-based costing methods.
- Prepare and interpret standard cost reports and variance analyses.
- Apply cost-volume-profit analysis to support short-term business decisions.
- Evaluate the financial impact of outsourcing and capacity constraints.
- Design cost control systems that align with organizational strategy.
Evaluation
| Component | Weight (%) |
| Midterm exam | 30 |
| Group costing project | 25 |
| Final exam | 45 |