SYLLABUS FOR COST
ACCOUNTING II
Term: Spring,
2005 (04-2) January
10 – April 23, 2005
Course Number: ACC
331X
Instructor: Mr. Kenneth Taylor, CPA
Office: Room 518
Office Phone: (219) 473-4294
E-mail: kentcpa@surfnetinc.com
Home Phone: (219) 865-1516
after 6pm
Office Hours: Tuesday 6:00pm – 7:00pm and 10:00pm – 10:30pm
Wednesday 6:00pm – 7:00pm and 10:00pm – 10:30pm
Thursday 6:00pm – 7:00pm and 10:00pm – 10:30pm
Other hours by appointment
Instructor Background: Certified Public
Accountant licensed in Indiana and Illinois. Partner in public accounting firm.
BS in accounting from Purdue University Calumet.
Course Time: Wednesday 7:00pm – 10:00pm
Emphasis
is placed on planning and controlling of costs and profits. Topics include
pricing, cost and profit analysis techniques, cost allocation, process costing,
and other specialized topics.
ACC
330
Learning Outcomes/Student
Competencies:
Upon
completion of this course the students will be able to:
1.
Perform
the necessary steps in relevant-cost analysis.
2.
Discuss
the three major influences on pricing decisions.
3.
Price
products using target costing or the cost-plus approach
4.
Use
life cycle product budgeting and costing when making pricing decisions.
5.
Understand
the aspect of re-engineering and present the four perspectives of the balanced
scorecard.
6.
Identify
and manage unused capacity.
7.
Outline
four purposes for allocating costs to cost objects.
8.
Guide
cost-allocation decisions using appropriate criteria.
9.
Distinguish
among direct, step down, and reciprocal methods of allocating support
department costs.
10.
Understand
the cost allocation methods for joint products and by-products.
11.
Perform
customer-profitability analysis.
12.
Describe
the five key steps in process costing.
13.
Prepare
journal entries for process costing systems.
14.
Account
for spoilage, rework, and scrap.
15.
Identify
the major features of inventory management, JIT, and back-flush costing.
16.
Use
capital budgeting techniques for decision making.
Textbooks: Cost Accounting, A
Managerial Emphasis, eleventh edition, Horngren, Datar, Foster
Learning Strategies: Lecture, Class Discussion
Assessment:
Exams
(3 exams) 60 % of grade
Homework
30 % of grade
Class
participation/collaboration/attendance/assignments 10 % of grade
Class Policy For
Assignments:
All
problems must be turned in at the end of the class period for which they are
assigned. Late class assignments will not be accepted without approval prior to
the due date. Excessive missed assignments could reduce grade one level.
Grading Scale:
A: 93
A-: 90 B+: 88 B:
83 B-: 80 C+: 78
C: 73
C-: 70 D+: 68 D:
63 D-: 60 F: Below 60
Class Policy on Attendance:
Attendance
at all class sessions is important. Advance notice should be given of any
anticipated absence. Your absence from six class sessions will reduce your
grade one level.
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 subjects 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 the
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. 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.
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).
School Closing Information:
Facility: Calumet College of St. Joseph
Phone: (219) 473-4770
Internet: http://www.ccsj.edu
http://www.EmergencyClosings.com
Radio: WAKE – 1500 AM
WGN – 720 AM
WIJE – 105.5 FM
WLS – 890 AM
WZVN – 107.1 FM
WBBM NEWS RADIO 78
Class Date Topic-Assignment
January 12 Introduction
to Course Outline.
Read
Chapter 12 – Pricing Decisions and Cost Management
Homework
Ch 12 – 12-16 thru 12-26 even
January 19 Read
Chapter 13 – Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Homework Ch 13 – 13-16 thru 13-26 even
January 26 Read
Chapter 14 – Cost Allocation, Customer-Profitability Analysis, and
Sales-Variance Analysis
Homework Ch 14 – 14-16 thru 14-24 even
February 2 Read
Chapter 15 – Allocation of Support Department Costs, Common Costs, and Revenues
Homework
Ch 15 – 15-16 thru 15-26 even
February 9 Chapter
15 homework review
Assign
EXAM 1 – Chapters 12 to 15
February 16 Read
Chapter 16 – Cost Allocation: Joint Products and Byproducts
Homework
Ch 16 – 16-16 thru 16-24 even
EXAM
1 Due
Class Assignments
(continued)
February 23 Read
Chapter 17 – Process Costing
Homework Ch 17 – 17-16 thru 17-28 even
March 2 Read
Chapter 18 – Spoilage, Rework, and Scrap
Homework
Ch 18 – 18-16 thru 18-28 even
March 9 Read
Chapter 19 – Quality, Time, and the Theory of Constraints
Homework
Ch 19 – 19-16 thru 19-26 even
March 16 Chapter
19 homework review
Assign
EXAM 2 – Chapters 16 to 19
March 23 Read
Chapter 20 – Inventory Management, Just-in-Time, and Backflush Costing
Homework
Ch 20 – 20-16 thru 20-24 even
EXAM
2 Due
March 30 Read Chapter 21 – Capital Budgeting and Cost Analysis
Homework
Ch 21 – 21-16 thru 21-26 even
April 6 Read Chapter 22 – Management Control Systems, Transfer Pricing, and Multinational Considerations
Homework
Ch 22 – 22-16 thru 22-26 even
April 13 Read
Chapter 23 – Performance Measurement, Compensation, and Multinational
Considerations
Homework
Ch 23 – 23-16 thru 23-26 even
Assign
EXAM 3 – Chapters 20 to 23
April 20 EXAM
3 Due