ACTY 4220 - Cost Management and Analytics

This course examines the information needs of managers in performing the planning, decision-making, and performance evaluation functions required for managing costs inside of an organization. Specific topics addressed in the course might include costing of products and services, cost allocations, activity-based costing, relevant costs, costs of quality, budgeting, absorption and variable costing, transfer pricing, and performance measurement. The emphasis will be on the appropriate use of costing information for optimal decision-making. How specific analytic tools can be used to aid in this decision-making process will also be examined. A key attribute of the course is its interdisciplinary nature. Concepts from financial accounting, economics, management science, operations research, statistics, finance, and organizational behavior are integrated throughout the course.

Prerequisites & Corequisites: Prerequisite: ACTY 3220 with a grade of “C” or better.

Credits: 3 hours

Restrictions: This course is restricted to minors or majors in Accountancy.