COST ACCOUNTING

  • Program: Accounting Careers
  • Course: Cost Accounting
  • Course #: ACCT2211
  • Total Credits: 3

Course Description

This course is an introduction to the principles and concepts used to account for direct materials, labor, and factory overhead in both manufacturing and service entities. It includes using cost accounting data as a management tool for planning and controlling costs.

Course Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Disability Services

Hennepin Technical College offers reasonable accommodations to qualified students with disabilities. If you have a documented disability that may require accommodations, contact the college’s Disability Services Director: Sara Laviolette at Brooklyn Park (763-488-2477) or Jean Kreutter at Eden Prairie (952-995-1544).

Course Goals

The following goals will be addressed in the course:
Contrast financial accounting and cost management
Prepare income statements for manufacturing organizations
Prepare process costing system journal entries
Allocate support department costs
Compute variances
Calculate performance ratios
Describe job costing
Contrast lean accounting techniques with traditional accounting techniques
Analyze partial productivity measures
Construct a master budget

Credit Details
  • Lecture: 3
  • MnTC Goal: 0
Course Details
  • Prerequisites:  ACCT1107
  • Campus: Brooklyn Park/Eden Prairie

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