Calumet College of St.
Joseph
SYLLABUS FOR COST
ACCOUNTING I
Term: Summer 2002-3 May 12 – August 2 2003
Course Number: ACC 330 Directed Study
Instructor: Mr. George Grzesiowski
Office
Phone: 219-473-4283
E-mail: ggrzesiowski@ccsj.edu
Home
Phone: 219-362-1696
E-mail: grzz@csinet.net
Office
Hours: by apppointment
Course
Description:
This course consists of a discussion of cost
accounting concepts and objectives, an in-depth study of cost accounting
systems and accumulation procedures and a search into the elements of material,
labor and factory overhead costs.
Learning
Outcomes/ Competencies:
Students in this course will:
1.
Understand
how cost accounting is used for decision making and performance evaluation in
organizations.
2.
Explain
the basic concept of cost.
3.
Explain
how costs are presented in financial statements.
4.
Understand
how materials, labor and overhead costs are added to a product at each stage of
the productive cycle.
5.
Explain
the basic cost flow model.
6.
Assign
costs in a job cost system.
7.
Account
for overhead using predetermined rates and Activity-Based costing.
8.
Understand
how cost-volume-profit are related and use CVP analysis as a planning and
decision making aid.
9.
Prepare
a budget for an organization.
10.
Use
budgets for performance evaluation and develop and use flexible budgets.
11.
Compute
and use variable cost variances and fixed cost variances.
12.
Understand
inventory costing and capacity analysis.
13.
Use
cost information for managerial decision making.
14. Demonstrate competency in
Cost Accounting by completing a comprehensive project.
Textbooks: Cost Accounting, Horngren, Foster, Datar;
Prentice Hall 11th ed., 2002.
Assessment:
Exams
(3 tests) 60%
of grade
Homework 40%
of grade
100
Grading
Scale:
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
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.
Class Policy on Attendance:
Directed
Study does not require attendance in class.
You are expected to submit work weekly and in a timely manger.
Class Policy For
Assignments:
Chapter problems will be assigned weekly.
Student Responsibilities:
Exams
will be take home and problem/essay orientated.
Center
for Academic Excellence:
Tutoring
assistance is free to all students of Calumet College of St. Joseph. Call the
Center for Academic Excellence (CAE), to make an appointment at 473-4287. The
Center has experienced and well-trained tutors in most subject areas to help
students who are struggling in a course or who are doing well and would like to
do better. Regular weekly tutoring sessions are likely to improve your grade.
Statement
of Plagiarism:
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. (Academic Planner 2001/2002 p.27)
Citation
Guidelines:
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.
Withdrawal
from Classes Policy:
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).
Course
Outline:
Week Dates: Topics/Assignments:
1 5/13 Introduction,
Chapter 1
Problem
1-29
2 5/20 Chapter
2,
Introduction to Cost terms
& Purposes
Problems 2-19, 20, 31, 32 27
3 5/27 Chapter
3, Cost-Volume-Profit Analysis
3-25,
34, 35, 36, 38, 46
4 6/3 Chapter
4, Job Costing
Problems
4-18,19,26,30,39
5 6/10 EXAM
1 – Chapters 1 to 4
Chapter
5, ABC Costing
5-26,37,38
6
6/17 Chapter 6, Master
Budget/Responsibility Accounting
6-37,38,40
7
6/24 Chapter 7, Flexible Budgets
7-17, 19,21,25,27
8
7/1 EXAM 2 – Chapters 5 to 7
Chapter 8, Variances
8-16,17,22
9 7/8 Chapter
9, Inventory Costing
9-18,19,30
10 7/15 Chapter
10, Cost Behavior
10-16,17,22.30,40
11 7/22 Exam
3, Chapters 8 to 10
12
7/29 Exam 3 due