Courses Catalogue

Cost Accounting

COURSE CODE: AF 2201
COURSE CREDIT UNIT: 0
ACADEMIC PROGRAMME: Supplies and Procurement Management, B.Sc
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Description

PURPOSE OF COURSE

Given the fact that customers’ interest is quality of products and services at affordable price, it is a challenge to every company tenure that both customers and firm’s expectation are met.

Resources are scarce and the fact that organizations operate in unpredictable environments, managers require information that will enable them manage the scarce resources and the environment which influence their operations.

EXPECTED LEARNING OUTCOMES

By the end of the course students should be able to:

·         Justify that Cost accounting is very essential for furnishing management with information for internal planning, control and decision making.

·         Discuss the cost accounting concepts

·         Discuss the principles, methods and techniques necessary for collection, processing analyzing, interpretation and presentation of cost data to management.

·         Describe  the difference types of costs needed for cost Accounting and how to ascertain them