SYLLABUS FOR COST ACCOUNTING I
Term: Fall, 2003 (031) (September 2 – December 12)
Course Number: ACC 330X
Instructor: Mr. George Grzesiowski
Office Phone: 219-473-4283
E-mail: ggrzesiowski@ccsj.edu
Home Phone: 219-362-1696
E-mail: grzz@csinet.net
Cell: 219-716-5002
Office Hours:
|
Monday |
10:30AM – 12:00PM 3:30PM - 7:00PM |
|
Wednesday. |
12:00PM - 7:00PM |
|
Thursday |
10:30AM – 12:00PM |
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 30% of
grade
Participation/Attendance 10%
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:
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.
Class Policy For
Assignments:
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. Prior to checking the homework, I will check your working papers for completion. Late homework will be assessed a 50% late penalty.
Exams are take-home and problem orientated.
Student Responsibilities:
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.
Class Policy on Electronic
Devices: (Optional)(Cell phones, Beeper, Pagers…etc.)
Keep on low ring if necessary.
The student is expected to treat the instructor and his/her fellow students with respect and courtesy at all times. This means giving your full attention. No private conversations, no catching up on homework assignments, no naps. Such items can and will affect your participation points.
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.
Please note: Calumet College of St. Joseph subscribes to
Turnitin.com and all papers can and may be submitted for checks on plagiarism
from the Internet/Electronic sources/Databases.
Citation Guidelines:
Calumet College of St. Joseph adheres to
citation guidelines as prescribed by the particular discipline (i.e., MLA, APA,
and 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. The Registrar must receive written request for
withdrawal 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.
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 9/3 Introduction,
Chapter 1
2 9/10 Chapter 2, Introduction to Cost terms & Purposes
3 9/17 Chapter
3, Cost-Volume-Profit Analysis
4 9/24 Chapter
4, Job Costing
5 10/1 Review
Chapter 4 Homework
Assign
EXAM 1 – Chapters 1 to 4
Chapter
5, ABC Costing
6 10/8 EXAM
1 due
Chapter
6, Master Budget/Responsibility Accounting
7 10/15 Chapter
7, Flexible Budgets
8 10/22 Chapter
8, Variances
9 10/29 Review
Chapter 8 homework
Assign
EXAM 2 – Chapters 5 to 8
10 11/5 Chapter
9, Inventory Costing
11 11/12 Chapter
10, Cost Behavior
12 11/19 Chapter
11 Decision Making
13 11/26 No
Class
14 12/3 Chapter
11 homework due
Assign
Exam 3
15 12/10 Exam
3, Chapters 9 to 11