COURSE OUTLINE ON COST ACCOUNTING 1 (ACC 212)

Course Title: Cost Accounting 1

Course Code: ACC 212

Units: 4 Units

Credit Hours:  60 Hours

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.

 

CONTINUOUS ASSESSMENT STRUCTURE:

1. FIRST TEST                                10 MARKS

2. SECOND TEST                           10 MARKS

3. TEN QUIZ                                    10 MARKS

4. TEN ASSIGNMENTS                 20 MARKS

     TOTAL MARKS                       50 MARKS

 

YOUR CONTINOUS ASSESSMENT = YOUR TOTAL SCORE    X  40 MARKS

                                                                      TOTAL MARKS

NOTICE:

CONTINOUS ASSESSMENT  =  40 %

EXAMINATION                       =  60 %

TOTAL MARKS                          100%                                          

The LORD by wisdom founded the earth;

By understanding He established the heavens;

Wisdom is the principal thing;

Therefore get wisdom.

And in all your getting,

get understanding.

    

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

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