Jul 18, 2024  
2022-2023 Catalog 
2022-2023 Catalog Archived

ACC 230 - Cost Accounting I

Class: 3 Credits: 3
This course is a study of the accounting principles involved in job order cost systems. Topics will include the general flow of costs through a production cycle, and the preparation and use of job cost sheets. Process cost systems will be introduced.

Prerequisite(s): Take ACC 102  with a minimum grade of “C”.
Course Topics:

  • Pre-determined Overhead Rate
  • Absorption costing
  • Variable costing
  • Activity based costing
  • Master budget
  • Break-even analysis
  • Cost-volume-profit analysis
  • Process costing
  • Equivalent Units of Production

Textbook information can be found on the Book Inn Web site
Required Materials:

  • Online component access code (see instructor for details)

Grading System:
An overall grade of C or higher is required for transferability.

A 90 - 100
B 80 - 89
C 70 - 79
D 60 - 69
F 0 - 59

Student Learning Outcomes:

  1. Analyze predetermined overhead rates, flexible budgets and absorption/variable costing.
  2. Compute product costs, overhead allocations, and overhead variances.
  3. Apply and evaluate the procedures for activity based costing.
  4. Develop and analyze a master budget.
  5. Apply the techniques involved in break-even analysis and cost-volume profit analysis.
  6. Prepare journal entries to account for variances.
  7. Compute equivalent units of production for process costing.
  8. Compute review problem solutions in a team based environment.

For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Course Policies  that include:

  • Identity Verification
  • Required materials for all online courses
  • Mandatory Attendance Requirement
  • Orientation and Support
  • Proctored Exams

Standard SCC Course Policies:
Please review the Standard Course Policies  on the following topics:

  • Academic Integrity
  • Add/Drop period
  • Attendance
  • Classroom Conduct
  • Equal Access
  • IT Access
  • Online Behavior
  • Online Confidentiality
  • Services For Students with Disabilities
  • Student Concerns
  • Student Help Services
  • Withdrawals

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