Cost Accounting
Code
3708
Academic unit
Faculdade de Ciências e Tecnologia
Department
Departamento de Engenharia Mecânica e Industrial
Credits
6.0
Teacher in charge
Rui Fernando Miranda Vieira, Virgílio António da Cruz Machado
Weekly hours
4
Total hours
64
Teaching language
Português
Objectives
Provide an advanced and pragmatic understanding, rooted in theory of cost accouting terminology,concepts, techniques and metodologies as they relate to the purposes of cost and operations control.
An intensive analysis of the evaluation, measurement, and interpretive factors relevant to the various methods of cost determination in the business and industrial setting.
Gives options that form the basis for informed business-oriented decision making.
Prerequisites
A basic understanding of Accounting concepts is helpful.
Subject matter
Ratio, analysis and interpretation of balance sheet and income statement data. Account classifications and income measurement.; company ratios, trends and present position. Balance sheet as a guide for economic forecasts.
Internal uses of operational and financial accounting information; terminology; concepts; and methods; activity analysis and cost behavior; tools for pricing, product, and investment decisions.
External uses of accouting informations, interpretation of accounting data; analysis of financial statements; income and cash-flow analysis; nature of assets and liabilities; cost concepts and classification; cost accouting cycle; accounting for materials, labor and burden; process cost accounting; standard costs; costs reports; direct, indirect, full, fixed and variable costs. Various methods of cost determination in the business and industrial setting. Cost Centers. Differential cost analysis. Cost allocation procedures. Actual cost/planned costs
Nature, measurement and analysis of accounting data apropriate to managerial decision making (in short-run and long-run decisions), statistical cost estimation; cost-volume-profit analysis; gross profit analysis; application of probability to cost control. How cost accounting aids management to control operations, formulate policies, and make decisions.
Basic techniques and methods of accounting; the role of an accouting system in business operations and management; techniques and uses of cost accounting; distribution cost analysis. Benefit-cost analysis. Cost-effectiveness analysis.
Bibliography
Cost Accounting - Bibliography : See Portuguese version.
Teaching method
Teaching strategy is based on a combination of expositive approaches and simulated practice with illustrative and elected examples.
Evaluation method
Discipline success can be obtained in continuous assessment or in a final exam. In continuous assessment the succes in the discipline will be evaluated by two tests. Grade to succed 9,5.
A final exam may replace the two tests. .Grade to succed: 9,5
Whatever the evaluation the students must previously obtain " Attendance in the Discipline". Student are expected to be regular and punctual in attendance to all classes. Classroom participation and practical assignement are required. Final report and group assignement must be submitted by the due date. Grade to succed: 9,5