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ACC2350: Cost Accounting 
Comprehensive Revision Guide and Course Notes 2026 
 
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Edith Cowan University - ACC2350: Cost Accounting

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ACADEMIC YEAR 2025 - 2026

University	Edith Cowan University
Unit Code	ACC2350
Unit Name	Cost Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Format	PDF
Page Length	118

If you are studying ACC2350: Cost Accounting at Edith Cowan University, this comprehensive guide and practice test set is a must-have. You do not need to be an expert in the unit; you only need a basic understanding and the ability to quickly recall the information you learn. You can use these notes as a reference to better understand the topics and improve your grades in the final exam. This updated exam preparation guide helps you identify your weak areas so you can pass the final exam on your first attempt!

A knowledge of cost/cost management concepts and practices is critical to the sustainability and survival of organisations. Organisations must also consider the social and environmental context in which they operate. Cost accountants provide data and analyses required for managerial decision making and increasingly they assist with recognising and measuring the impact relating to environmental factors. The unit introduces cost concepts and various managerial accounting techniques essential to assist managerial decision-making and to achieve organisational objectives.

✔ On completion of this unit students should be able to:

Apply cost accounting concepts and techniques to provide information for managerial decision making.
Configure a cost accounting system for an introductory use.
Examine the ethical, social and environmental impacts of cost accounting in managerial decision making.
Prepare cost reports for managerial and financial reporting purposes.

✔ Unit Content:

The role of cost management and cost accounting in contemporary organisations.
Cost concepts and cost estimation (account analysis method, high-low method and regression analysis).
Cost allocation including Service department cost allocation, plantwide overhead rate, departmental rate, activity based costing.
Product costing including job costing and process costing.
Cost information for decision-making: cost-volume-profit analysis and inventory management.
Cost information for planning and control: inventory costing and balanced scorecard.

UNIT CODE	UNIT NAME
ACC2250	Applied Financial Accounting
ACC2350	Cost Accounting
ACC2360	Managerial Accounting
ACC2700	Financial Reporting Standards
ECF1110	Fundamentals of Economics
ECF1120	Principles of Finance
ECF2210	Capital Markets
ECF2222	Corporate Finance
ECF2226	Investment Finance
ECF3312	Financial Institutions Management
LAW1100	Introduction to Business Law
LAW2410	Income Tax Framework II
MAN1100	Management
MAT1114	Introductory Statistics
MAT2110	Applied Statistics
SBL1200	Accounting and Finance Essentials
SBL1400	Introduction to Business Analytics

Edith Cowan University - ACC2350: Cost Accounting

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