AC 320T - Cost Accounting Principles

(3 units)

In this course, the basic principles of cost accounting are developed and applied to industrial situations. Topics include accounting for material, labor, and manufacturing expenses; analysis of cost information for administrative and control purposes; application of costs to operations and to products; preparation of cost statements; and specific order and process cost systems. Throughout the course, where applicable, students will be exposed to global accounting standards (i.e., International Financial Reporting Standards).
Prerequisites: AC 202T or AC273T