Accounting-Cost
Credits: 4
Course Number: 10-101-134
Course Description
10-101-134 ACCOUNTING-COST ...contemporary cost environments and issues; selecting, analyzing, and tracking costs; production costing methods: job order, process, standard costs, joint and by-product costing. (Prerequisites: 10-103-131, MS Excel Intro; 10-101-110, Accounting 1)
Course Typically Offered
Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.
Credit for Prior Learning
How can I use this course to achieve my career goals?
This course is associated with the following programs:
What will I learn?
- Define and classify costs.
- Define methods to calculate overhead rates and apply overhead costs.
- Distinguish between variable and absorption costing methods.
- Apply principles and procedures in using a job order cost system.
- Prepare cost of production reports using a process cost system.
- Use a standard costing system with variance analysis.
- Work effectively in cooperative learning groups.
- Analyze mixed cost, including methods to separate variable and fixed amounts.
- Analyze and determine cost drivers.
- Analyze inventory valuations using variable and absorption costing methods
- Use flexible budgets and standard costing system for overhead cost control.
- Analyze cash flow statements for cash flow and cost budget analysis