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buX: ACT422
Cost Accounting (BBS)

buX

Cost Accounting (BBS)
Enrollment is Closed

Cost Accounting is a 3 credit-hour course, designed to develop students’ understanding of the concepts and procedures of estimating costs of different cost objects – including goods, services, processes and facilities with special focus on allocating costs over units of products as well as on different types of products. The course also centers around the process through which cost accounting information is generated and used under different managerial situations ranging from determining selling prices to ensuring desired profits.
Enrollment is Closed

About This Course

Cost Accounting is one of the vital courses for business students. This is because all kinds of organization – large, small, local, international – need the usage of cost accounting concepts and practices. Cost information is required by managers not only for planning and controlling but also for costing and pricing products, services, processes and even customers.
“As cost accountants are increasingly becoming integral members of their company’s decision making,” the course helps students to sharpen their decision making capabilities using cost information.


Learning Objectives

The course aims to equip students with different costing techniques. They will:

1. understand the ways in which cost accounting aids management accounting and financial accounting;
2. develop an understanding of cost objects and the associated costs including their classifications;
3. learn the measurement, analysis and, accumulation of various elements of cost;
4. realize the importance of overheads and allocation of overheads using different techniques;
5. comprehend the control function of management from accounting perspective. 


Intended Learning Outcomes

By the end of this course, students should be able to:

1. apply various systems of maintaining cost accounting records;
2. compute costs of various objects including products, services, processes, finished and semi-finished goods.
3. prepare cost of production statements under different costing systems;
4. impart know-how of cost control and cost reduction tools;
5. set standard costs and prepare variance reports. 

Requirements

Prerequisite Courses: Financial Accounting (ACT201); Management Accounting (ACT202)

Course Instructor


Course Staff Image #1

Saif Hossain

Assistant Professor
Brac Business School
saifhossain@bracu.ac.bd

Saif is an instructor by profession as well as passion. He has over a decade of teaching experience at different levels ranging from secondary to postgraduate. Besides accounting, he teaches general business courses occasionally. At present, he is also serving BBS as the Director of the BBA program. He is really excited to be a part of buX offerings through this course. He hopes that his students will greatly benefit from learning through this platform.

Enrollment is Closed