Assignment: Discussion-Course Reflection
Reflect on the discussions we have had in this class and explain how this course will help you apply theory to practice in your professional career. Use specific examples regarding how you may use cost accounting in your career and also discuss the importance of cost accounting to a company's bottom line as well as the strategic plan. Use the Argosy online library to located at least one resource that will support your answer.
Write your initial response in 3-4 paragraphs.
Topics included:
• Cost Management and Competitive Strategies
• Benefits of Cost Accounting
• Job Costing Value
• Cost Types(fixed cost, variable cost, and semi-variable cost)
• Concepts of a Break-Even (BE) Point and CVP Analysis
• Strategic Budgeting.