This course teaches students how to extract and modify costs in order to make informed managerial decisions. Planning is covered by topics including activity-based costing, budgeting, flexible budgeting, cost-volume-profit analysis, cost estimating, and the costs of outsourcing. Control is covered by topics including standard costing, variance analysis, responsibility accounting, and performance evaluation. Emphasis is placed on cost terminology (the wide variety of costs), cost behavior, cost systems, and the limitations concerning the use of average costs.
Prerequisite: introductory financial accounting course, or the equivalent. (4 credits)
Fall term 2013 (13341)
Richard L. Keith, DBA, Adjunct Professor in the International Business School, Brandeis University.