Saturday, November 23, 2019

COURSE OUTLINE ON ACC 212-COST ACCOUNTING 1 (FULL TIME AND PART TIME)

Course: Cost Accounting I

PROGRAMME: NATIONAL DIPLOMA IN ACCOUNTANCY
Course: COST ACCOUNTING I
Code: ACC 212
Credit Hours:
60 hours 4.0
Semester: THIRD SEMESTER
Pre-requisite:
Theoretical: Practical:
1 hours/week - 25%
3 hours/week - 75%
Goal: To expose students to the terminology, methods, techniques and basic principles of costing and cost control methods.

GENERAL OBJECTIVES:

On completion of this module the students should be able to:

1.0 Understand cost accounting, its scope, purpose, and methods.
2.0 Understand nature, elements and classifications of cost.
3.0 Understand cost control.
4.0 Know Cost Centres, costing documents and records.
5.0 Understand the term materials, store keeping, purchasing and inventory control, pricing materials issued and valuation methods.
6.0 Understand labour: factory procedures, recruitment, payroll control and measurement of efficiency.
7.0 Understand the nature and classification of overheads.

LECTURER-IN-CHARGE: PATRIOT ODUNARO B.J. (08038454008)
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