ACTY 4220 Cost Management and Analytics
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This ACTY 4220 Cost Management and Analytics course mainly analyzes about the information that is required by managers in conducting the planning, decision-making, and performance assessment functions requisite for managing the costs within the organization. The particular topics addressed in the course comprise costing of products and services, activity-based costing, cost allocations, relevant costs, budgeting, costs of quality, absorption and variable costing, performance measurement and transfer pricing. The main focus will be on the correct utilization of costing information for the optimal decision-making along with the particular analytic tools that can be employed to help in this decision-making procedure. A main aspect of the course is its multidisciplinary nature. Theories from the financial accounting, management science, economics, operations research, finance, statistics, and organizational behavior are incorporated all through the course.
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