ACC 230 - Cost Accounting I

Lecture Hours: 3 Credits: 3

Description: 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

Textbooks:
Textbook information can be found on the Book Inn website

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:

Analyze predetermined overhead rates, flexible budgets and absorption/variable costing.
Compute product costs, overhead allocations, and overhead variances.
Apply and evaluate the procedures for activity based costing.
Develop and analyze a master budget.
Apply the techniques involved in break-even analysis and cost-volume profit analysis.
Prepare journal entries to account for variances.
Compute equivalent units of production for process costing.
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

Official Course Syllabus
2024-2025