Cost Management

Cost management will provide the student with an overview of cost accounting information within the context of supply chain management. Three approaches of assigning costs to products are calculated and the affect on financial statements is evaluated. Students are introduced to the relevant costs associated with inventory, production and procurement; budgets and forecasts; standard costs and variance analysis; and investment strategies. Using this knowledge, students prepare, analyze and interpret components of financial statement information for performance measurement and business decision-making purposes.