This class was tough.
Cost accounting is one approach to managerial accounting that involves the cost, budget and profitability of numerous types of products, services and activities and future cost accountants should complete an academic program with courses focusing on these topics.
Cost management Profit planning Cost variance analysis Budgeting and pricing Managerial accounting systems
Hours per week:
Advice for students:
Cost accounting is primarily used as a decision-making tool for individuals in charge of business operations. Managers use standardized methods to control cost in order to meet the desired level of profitability. Students learn about pricing, budgeting, and performance analysis to determine overall success based on predetermined objectives.