Course Number: ACC 331X

Instructor: Mr. George Grzesiowski

Office: Room #516

Office Phone: 219 473-4283

E-mail: ggrzesiowski@ccsj.edu

Home Phone: (219)362-1696 grzz@csinet.net

Monday 10:30AM – 7:00PM

Tuesday 8:30AM – 12:00PM

4:30PM - 7:00PM

Wednesday Meetings

Thursday 10:30AM - 12:00PM

Friday 8:30AM - 12:00PM

5:00PM - 6:30PM

Or, by appointment

Course Time: Friday 6:30-9:30 p.m.

Course Description: Emphasis is placed on planning and controlling of costs and profits. Topics include budgeting standard costs, cost and profit analysis techniques, direct costing and other specialized topics.

Prerequisites: ACC330

Textbooks: Cost Accounting, Horngren, Foster, Datar; Prentice Hall, 10^th ed., 2000.

Since your learning is my primary concern, it is imperative that anything preventing you from learning be discussed. Please feel free to make an appointment with me or call me so that I can help you keep on track.

If an instructor or other Calumet College of St. Joseph personnel find that a student has plagiarized or been involved in another form of academic dishonesty, the instructor or other personnel may elect to bring the matter up for judicial review. The maximum penalty for any form of academic dishonesty is dismissal from the College. The procedures for judicial review are listed under the section of CCSJ handbook that addresses student grievances.

Calumet College of St. Joseph adheres to citation guidelines as prescribed by the particular discipline (i.e., MLA, APA, Chicago Manual of Style or Turabian.). All of these guidelines are available in the Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of sources, including electronic media.

After the last day for class changes has passed (see College calendar), students may withdraw from a course in which they are registered with permission from the faculty member conducting the course. A written request detailing the reason(s) for the withdrawal must be filed with the Registrar. Written request for withdrawal must be received by the Registrar by the last day of classes prior to the final examination dates specified in the catalogue. Written requests may be mailed to the Registrar or faxed to the College fax number 219-473-4259. Students are to make note of the refund schedule when withdrawing from courses. The request is forwarded to the faculty member, who makes the final determination to accept or deny the request. If the request is honored, the student will receive notification of official withdrawal; if denied, the notification will indicate why the withdrawal is disallowed. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.

An official withdrawal is recorded as a "W" grade on the student's transcript. Dropping a

course without written permission automatically incurs an "F" grade for the course (see

Refund Schedule).

Attendance in class is an important priority. Accounting is a course that continues to build on the knowledge gained. It is not possible to understand and grasp the fundamentals being taught in later chapters unless the earlier chapters have been mastered. Missing classes will impede your progress.

Your class participation grade will be affected by attendance. If you are not here, you are not participating.

Students are expected to have read the chapter prior to the lecture. Each chapter will be explained and discussed. Concepts will be illustrated by working selected demonstration problems in class. Selected problems will be assigned as homework.

Homework problems will be checked in class. I will check your working papers for completion. Late homework will be assessed a 50% late penalty.

It is expected that all students will be present on test days. If unavoidable circumstances prevent attendance, the test can be made up at the instructor’s discretion. It is the student’s responsibility to contact the instructor to make arrangements to make up the exam. Unexcused absences on test days will result in a 10% penalty.

One test retake is allowed during the semester (excluding the final exam). The retake option may be used to make up a missed exam without penalty.

All students no matter what their educational background, life/work experiences, have something to offer that will enrich our class. As instructors, we not only encourage participation, but also rely on it. As students, you should demand it, not only of yourselves, but also of your classmates. Our class is only as good as we make it.

The student is expected to treat the instructor and his/her fellow students with respect and courtesy at all times. This means giving full attention. No private conversations, no catching up on homework assignments, no naps. Such items can and will affect your participation grade.

Upon completion of this course the student will be able to:

1. Use the five-step decision process to make decisions.
2. Perform the necessary steps in relevant-cost analysis.
3. Discuss the three major influences on pricing decisions.
4. Price products using target costing or the cost-plus approach.
5. Use life cycle product budgeting and costing when making pricing decisions.
6. Understand the aspect of re-engineering and present the four perspectives of the balanced scorecard.
7. Identify and manage unused capacity.
8. Outline four purposes for allocating costs to cost objects.
9. Guide cost-allocation decisions using appropriate criteria.
10. Distinguish among direct, step down, and reciprocal methods of allocating support department costs.
11. Understand the cost allocation methods for joint products and by-products.
12. Perform customer-profitability analysis.
13. Describe the five key steps in process costing.
14. Prepare journal entries for process costing systems.
15. Account for spoilage, rework and scrap.
16. Identify the major features of inventory management, JIT, and back-flush costing.
17. Use capital budgeting techniques for decision making.

Exams (3 exams) 60% of grade

Class participation/collaboration/attendance 10% of grade

Homework problems 30% of grade

A: 92-100 A-: 90-91 B+: 88-89 B: 82-87 B-: 80-81 C+: 78-79

C: 72-77 C-: 70-71 D+: 68-69 D: 62-67 D-: 60-61 F: 59 & below

1/12 Introduction

Chapter 11 – Decision Making & Relevant Information

1/19 Chapter 11 homework review

Chapter 12 Pricing Decisions & Cost Management

1/26 No Class

2/2 Chapter 12 homework review

2/9 Chapter 13 homework review

EXAM 1 – Chapters 11, 12, 13

2/16 Chapter 14 Cost Allocation

2/23 Chapter 14 homework review

Chapter 15 Joint products & by-products

3/2 Chapter 15 homework review

Chapter 16 Revenues, Sales Variances, Customer Profitability

3/9 Chapter 16 homework review

Chapter 17 Process Costing

3/16 Chapter 17 Process costing review

Exam 2 – Chapters 14, 15, 16, 17

3/23 Chapter 18 – Spoilage, rework, scrap

3/30 Chapter 18 homework review

Chapter 20 Inventory management

4/6 Chapter 20 homework review

Chapter 23 Performance measurement

4/13 No Class - Easter Break

4/20 Final Exam Due

Chapters 18, 20, 23

Chapters not covered: 19, 21, 22