Principles of Industrial Accounting
Adm 107A comprehensive course on Principles of Industrial Accounting Read more
Learning Outcomes
- Gain a thorough understanding of industrial accounting principles and practices, and how they differ from financial accounting.
- Learn to leverage AI, big data analytics, IoT, and blockchain to enhance industrial accounting processes.
- Develop skills in data collection, processing, and analysis to support data-driven decision-making in accounting.
- Able to design and implement digital accounting solutions using Industry 4.0 technologies.
- Understand the ethical and regulatory considerations associated with the use of advanced technologies in accounting.
Course Description
A comprehensive course on Principles of Industrial Accounting
Course Curriculum
1. Foundations of Industrial Costing
1 lessons- Foundations of Industrial Costing - Introduction
2. Advanced Costing Systems
1 lessons- based costing (ABC) method. It explores their design, implementation, and implications for accuracy and decision-making in diverse industrial settings.
3. Foundations of Industrial Costing
4 lessons- based costing (ABC) in complex industrial organizations.
- Average and FIFO Methods
- Based Costing (ABC) Design and Implementation
- Based Management (ABM) and Strategic Insights
4. Cost Behavior, CVP Analysis, and Relevant Costs
1 lessons- volume-profit (CVP) models, and the identification of relevant costs for short-term decision-making. It examines how these tools aid in pricing, product mix, and resource allocation strategies.
5. Advanced Costing Systems
5 lessons- product CVP analysis to optimize sales mix and profitability.
- term operational decisions (e.g., make-or-buy, special orders).
- Product Cost-Volume-Profit (CVP) Analysis
- or-Buy, Special Orders, Drop/Add Segments
- Making using CVP and Relevant Costs