Summary: FACULTY OF BUSINESS ADMINISTRATION
COURSE OUTLINE WINTER 2012
Dr. Wallace Lockhart
Office: ED 565.6 Phone 337-2394 Fax 585-5361
Course Overview and Objectives: This course extends the basic cost concepts and procedures
covered in introductory management accounting, and introduces additional management accounting
tools. Specifically, cost accumulation, product costing and cost allocation models, and cost and
profitability variance analysis, including the limitations of such systems, are examined. The course
emphasizes the preparation and use of relevant information for operating, planning, and control
decisions, as well as financial reporting. You will develop an understanding of cost accounting
concepts and techniques, both traditional and contemporary, and have opportunities to apply them
to management decision scenarios.
Written communications are an important component of the course. Cost accountants must be
competent in communicating with managers in an organization. We will emphasize written reports
to management in each component of the class.
Prerequisites: BUS 288