Class Cost Accounting I

Throughout the course, you will understand how cost accountants collaborate with other managers in the decision-making process to attain strategic objectives. This approach aligns with the current knowledge of the contribution of management accountants to organizational strategy, which has been confirmed by multiple surveys of financial managers conducted by the Institute of Management Accountants. By the end of the course, you will be equipped with the knowledge and skills necessary to excel in this crucial area.

Syllabus (S)

• Scope and objectives of cost accounting (S1)
• Cost concepts and classification (PS)
• Production by processes and by order (S3)
• Costing systems and effects on results and stocks (S4)
• Analysis of costs/volume/results (S5)
• Joint production (S6)
• Defective production (P7)

Within the scope of the curricular unit, the following teaching methodologies (TE) will be used:

• Expository, to present the theoretical frameworks of reference (TE1)
• Participatory, with analysis and resolution of application exercises (TE2)
• Self-study, related to the student's autonomous work (TE3)

Evaluation Process

• Continuous evaluation
  • Scale: 0 to 20 points
  • Individual Tests: three individual tests to be carried out during school hours. The weighting for the first assessment test is 30%, and for the second and third test, 35% each
  • Approval: with a minimum classification of 10 (ten) points

• Final evaluation
  • Scale: 0 to 20 points
  • Exam: individual written assessment, with a weighting of 100%
  • Approval: with a minimum classification of 10 (ten) points

• Datar, S. & Rajan, M. (2020). Hornegren´s Cost Accounting: A Managerial Emphasis. 17th edition. Pearson Education. ISBN 9781292363073