SYLLABUS FOR COST ACCOUNTING I

Term: Fall, 1999 (991) August 30 – December 11, 1999

Course Number: ACC 330

Instructor: Mr. George Grzesiowski, M.B.A.

Office: Room # 516

Office Phone: (219) 473-4283

E-mail: ggrzesiowski@ccsj.edu

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

Office Hours: Monday 11:30AM - 7:00PM

Tuesday 10:30AM - 3:00PM

Wednesday 12:00PM - 5:00PM

Thursday 8:30AM - 11:30AM

Friday 10:30AM - 7:00PM

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

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.

ACC 210-211

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 written in the Publication Manual of the American Psychological Association, Fourth Edition. A copy is available from the Calumet College of St. Joseph bookstore. This text outlines 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).

Class Policy on Attendance:

Attendance in classes is an important priority. Attendance will affect your participation grade. If you are not here, you are not participating.

Students are expected to have their homework completed on the day it is due. Due dates will be announced in class. Late homework will be assessed a penalty.

Students are expected to have read the chapter prior to the lecture.

It is expected that all students will be present on test days. One test retake may be taken during the semester (excluding the final). Missing a test will result in a F with an automatic retake option.

Ask questions!

Classroom behavior – 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.

Upon completion of this course students will be able to:

1. Explain 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. Understand the role of budgets in overall organization plans.
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.

Exams (3 tests) 60% of grade

Class participation/collaboration/attendance 10% of grade

Homework 30% of grade

100%

A:93-100 A-: 90-92 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

9/3 Introduction, Chapter 1

9/10 Chapter 2, Introduction to Cost terms & Purposes

9/17 Chapter 3, Cost-Volume-Profit Analysis

9/24 Chapter 4, Job Costing

10/1 Review Homework

EXAM 1 – Chapters 1 to 4

10/8 No Class

10/15 Chapter 5, ABC Costing

10/22 Chapter 6, Master Budget/ResponsibilityAccounting

10/29 Chapter 7, Flexible Budgets

11/5 Review Homework

EXAM 2 – Chapters 5 to 7

11/12 Chapter 8, Variances

11/19 Chapter 9, Inventory Costing

11/26 No Class

12/3 Chapter 10, Cost Behavior

12/10 Exam 3, Chapters 6 to 10