BSA-108: Cost Accounting and Cost Management Part II
Class
About
BSA-108 is the second part of cost accounting and will deal on the discussion of cost concepts, manufacturing cost accounting cycle, planning and control for materials, labor and overhead under a process cost system, and on joint costs, standard costing and variance analysis, and on various cost management concepts, and their application by solving related cost problems and cases
Course Description:
The course is designed for BSA students who have completed their Fundamentals of Accounting (BSA 101 and BSA 102) and Cost Accounting Part 1. It is a continuation of BSA 311.1 and is designed to continue orienting students to the cost accounting and cost management framework of business. Topics discussed are process cost system, accounting for joint and by-products, and standard costing.
Course Objectives:
2. To acquire a thorough knowledge about process costing and the preparation of cost of
production report and the statement of cost of goods manufactured and sold.
3. To acquire adequate knowledge about joint production process from a cost accounting
perspective, joint cost allocation and accounting for by-products.
4. To equip students with a clear understanding and knowledge about standard costing
analysis and investigation of variances and how standard cost is used planning and
decision-making tool.
5. To apply the skills in systematic problem solving
6. To develop fairness in providing cost information for use by both management and the public.
7. To cultivate integrity, accuracy, timeliness, and neatness in the preparation and submission of
financial and management reports.
Course Requirements :
3. Quizzes, prelim examination and final examination
Grading system:
1st Half 2nd Half Final Grade
Departmental examination 20% 25%