BU-110: Cost Accounting
Course, prefix, number, & title: BU-110 Cost Accounting
Hours (Class, recitation, Laboratory, studio): 5 class hours
Pre-requisites (if any): BU-102, with a grade of C or better
Course Description in college catalog:
The nature of cost accounting and reporting, concepts and classifications, design and operation of a cost accounting information system. Accounting for material, labor factory overhead. Cost accounting cycles, job order, process, joint and by-product. Budgets, standard cost and variance analysis. Differential and comparative cost analysis, quantitative methods for planning and decision making and profit performance measures.
Academic programs for which this course serves as a requirement or an elective:
General Education Outcomes: Below is a listing of General Education Outcome(s) that this course supports.
Use analytical reasoning to identify issues or problems and evaluate evidence in order to make informed decisions
Reason quantitatively as required in various fields of interest and in everyday life
Course-specific student learning outcomes:
Students will achieve the following course objectives:
Understand functions in managerial accounting.
Understand cost classifications used for assigning costs to cost objects as used in financial statements and in making decisions.
Compute and understand various costing methods in the application of materials, labor, and overhead to jobs and/or products. Compute underapplied or overapplied overhead.
Understand and prepare various budgets, cash flows, and budgeted financial statements.
Understand and compute standard costs and variances.
Work collaboratively to accomplish learning objectives.
Methods by which student learning will be assessed and evaluated; describe the types of methods to be employed; note whether certain methods are required for all sections:
Academic Integrity policy (department or College):
Academic honesty is expected of all students. Any violation of academic integrity is taken extremely seriously. All assignments and projects must be the original work of the student or teammates. Plagiarism will not be tolerated. Any questions regarding academic integrity should be brought to the attention of the instructor. The following is the Queensborough Community College Policy on Academic Integrity: "It is the official policy of the College that all acts or attempted acts that are violations of Academic Integrity be reported to the Office of Student Affairs. At the faculty member's discretion and with the concurrence of the student or students involved, some cases though reported to the Office of Student Affairs may be resolved within the confines of the course and department. The instructor has the authority to adjust the offender's grade as deemed appropriate, including assigning an F to the assignment or exercise or, in more serious cases, an F to the student for the entire course." Read the University's policy on Academic Integrity opens in a new window(PDF).
Any student who feels that he or she may need an accommodation based upon the impact of a disability should contact the office of Services for Students with Disabilities in Science Building, Room S-132, 718-631-6257, to coordinate reasonable accommodations for students with documented disabilities. You can visit the Services for Students with Disabilities website.