ECON X437 - Cost Accounting & Budgeting
41094551
Loading...
Course Description
This course introduces students to cost accounting and budgeting practices used to manage internal finances and support business decision-making. Students will explore cost behavior, cost allocation methods, and budgeting techniques used to plan, control, and evaluate organizational performance. Key topics include break-even analysis, cost-volume-profit (CVP) calculations, variance analysis, and capital budgeting. Emphasis is placed on interpreting cost data to support pricing, resource allocation, and long-term financial planning.Learner Outcomes
Upon successful completion of this course, students will be able to:
- Apply cost accounting methods such as job costing, process costing, and activity-based costing (ABC) to evaluate and allocate costs accurately
- Conduct break-even analysis and cost-volume-profit (CVP) calculations to assess profitability and pricing strategies
- Develop and analyze operational and capital budgets to support effective financial planning and resource allocation
- Evaluate budget variances and implement cost control measures to enhance financial performance
- Leverage financial data and cost analysis techniques to support strategic business decisions
Prerequisites
ECON X400 – Principles of Financial Accounting, equivalent course or work experience as approved by Course Instructor and Program Manager.Applies Towards the Following Certificates
- Professional Accounting : Financial Accounting Track, Cost and Analytics Track, Taxation and Compliance Track
Loading...