AL-KHWARIZMI INTERNATONAL COLLEGE

DEPARTMENT OF ACCOUNTNACY

SYLLABUS


Course Title: ACC 402
Description: Cost Accounting 2
Objective: This course covers accounting theory and practice. This is a continuation of Cost
Accounting 1. Students are expected to acquire a broad understanding of the basic
principles of cost accounting as well as the ability to solve cost accounting problems
specifically on process costing


A. Review of Costing Method
a. Job order Costing vs. Process Costing
B. Introduction to Process Costing
a. Cost of Production Report
b. FIFO Method and Weighted Average Method
c. Quantity Analysis
d. Cost Analysis
C. Quantity Analysis
a. FIFO method
b. Weighted Average Method
D. Cost Analysis
a. FIFO method
b. Weighted Average Method
E. Normal Loss
a. FIFO Method
b. Weighted Average Method
F. Abnormal Loss
a. FIFO Method
b. Weighted Average Method