Course Objectives 1. how cost accounting supports mamagement accounting and financial accounting for planning and control in decision making. 2. Define and use cost terms relative to their purpose for problem identification and resolution. 3. Use cost-volume-profit analysis to address goal attainment within the relevant range where cost behaviors can be identified. 4. Apply techniques of process and job order costing relative to valuing products and/or services, 5. Use and compare traditional and the activity-based costing systems for traditional and activity-based management situations. 6.Prepare master budget with selectid subsidiary budgets for planning and subsequent variace analysis relative to actual results. 7.Develop and use flexible budgets for variance analysis and management control involving standard costing applying cost behavior principles 8. Using cost behavior awareness to create financial statements under variable and absorbtion methods 9. Prepare recommendations based on distinguishing between relevant and not-relevant information to problem identification and resolution. 10. Compare strategic decision -making approaches such as balanced scorecard, the theory of constraints, and strategic profitability analysis. 11. Apply and compare cost and revenue allocation strategies relative to management control systems considering domestic and international considerations.