PURPOSE: To provide students with knowledge of the role of the financial manager and the functions of the cost accountant.

OUTCOMES:

1. Understand cost and management accounting systems and activities, classify costs and use
costing terminology.
2. Account for Material, Inventory, and labour costs.
3. Calculate and apply manufacturing overheads and use an Activity-Based Costing (ABC) system.
4. Understand the flow of cost information.
5. Use variable and absorption costing techniques.
6. Apply Cost volume profit (CVP) analysis.
7. Understand the different approaches to budgeting and the use of standard costing.