Course Title: Cost Accounting 

Course Code: AC 213 

Credit Value: 3 Credits

Contact Hours: 

Lectures: 2 hours/week 

Tutorials / Case Analysis: 2 hours/week

Duration: 15 Weeks (One Semester) 

Prerequisite: Managerial Accounting I

1. COURSE DESCRIPTION

Cost Accounting introduces students to techniques for measuring, analysing, and managing costs within organisations.

The course emphasises how cost information supports decision-making, budgeting, pricing, and performance evaluation. Students gain practical skills in calculating product costs, analysing cost behaviour, and applying cost data for managerial purposes.

2. COURSE OBJECTIVES

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

• Understand the role of cost accounting in business decision-making.

• Differentiate between various cost types and classification systems.

• Apply cost allocation and absorption techniques.

• Prepare and analyse cost sheets and statements.

• Evaluate cost information for planning, control, and decision-making.

• Support pricing, budgeting, and performance measurement using cost data.

3. LEARNING OUTCOMES

Upon successful completion, students will be able to:

• Classify and record different types of costs accurately.

• Prepare cost statements, cost sheets, and cost reports.

• Analyse cost-volume-profit relationships.

• Apply standard costing and variance analysis.

• Use cost information to support pricing and budgeting decisions.

• Evaluate operational performance using cost data.