ACCT:330 Cost Management.

Study and comparison of traditional and emerging costing systems. Traditional costing emphasizes accounting procedures for inventory valuation, budgeting and investment decisions with emphases on unit-based cost behavior; job, process and standard costing; variance analysis; break-even analysis; and time-value decision models. Emerging costing emphasizes the understanding of cost behavior as a strategic tool of general management. It covers recently developed concepts such as activity-based costing and the theory of constraints. Prerequisites: ACCT:200 and junior standing. 4 SH.