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. THIRD TEST 10 MARKS
4. TEN QUIZ 10 MARKS
5. TEN
ASSIGNMENTS 10
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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