Northeastern
Department of Accounting
Spring 2008
INSTRUCTOR:
Vicki
Trammell, MBA, CPA
Office in
Tahlequah: BT 110
Office Hours in
Tahlequah: 9:00-10:00 MWF & 11:00-12:15 MWF.
Assistance outside
of these hours is available.
Telephone: 918-456-5511 ext. 2902 FAX:
918-458-2337
E-mail: trammell@nsuok.edu
COURSE
TITLE AND NUMBER: CLASS
DAYS AND TIME:
ACCT 3203
Cost Accounting 1:00-1:50
P.M. MWF
Class Room: BT
118 (zap #0094)
PREREQUISITE:
CATALOG
DESCRIPTION OF COURSE:
An introduction
to cost accounting concepts and practices, as applied to manufacturing,
merchandising, and service-oriented organizations. Topics include cost behavior
analysis, job order costing, activity-based costing, budgeting, variance
analysis, absorption costing, and variable costing. Prerequisite: Accounting
2203.
COURSE
PURPOSE:
This course is
an introduction to cost accounting, and examines cost accounting fundamentals,
budgets and standards, and cost information for various decision and control
purposes. The course will provide a
technical approach to the role of accounting in satisfying management's need
for decision-making and costing information.
The student will also learn about the principles underlying the design,
integrity, and effectiveness of managerial information systems. The emphasis is
on businesses organized as corporations, including both service and
manufacturing types.
Cost Accounting
is a course designed primarily for accounting majors, but also is available to
other business majors.
EXPECTED
COURSE OUTCOMES:
Students completing this course should
1. Understand the difference between financial,
managerial and cost accounting.
2. Be aware of what is measured by cost
accounting and how this information is summarized and communicated
to management and other internal users.
3. Be able to apply job cost accounting to
determine the cost of manufactured goods and services.
4. Be able to use the activity-based costing
approach to product and service costing.
5. Be able to apply cost-profit-volume analysis,
including break-even point, sales required to achieve target
profit, and sensitivity analysis.
6. Be able to prepare a master budget.
7. Be able to prepare a flexible budget, and
compute and interpret variances.
8. Understand the role of cost in pricing
decisions.
9. Understand the difference between relevant
and irrelevant information for managerial decision-making.
10. Understand
the importance of utilizing both quantitative and qualitative information in
making managerial
decisions.
INSTRUCTIONAL
MATERIALS:
Cost Accounting,
Horngren, Foster and Datar, 12th edition, Prentice-Hall. ISBN #0-13-149590-9.
INSTRUCTIONAL
PROCEDURES:
The primary
instructional methods used will be lectures and group interaction. Class discussion, case studies, and
problem-solving will be an important part of the instructional process.
The following general topics will be
covered within the course:
The Accountant’s
role in the Organization
Cost Terms and
Purposes
Cost-Volume-Profit
Analysis
Job Costing
Activity-Based
Costing and Activity-Based Management
Master Budget
and Responsibility Accounting
Flexible
Budgets, Variances, and Management Control
Inventory
Costing and Capacity Analysis
Determining How
Costs Behave
Decision Making
and Relevant Information
STUDENT
PERFORMANCE ACTIVITIES:
Attendance and
Participation:
Consistent and
punctual class attendance is a course requirement. Excessive unexcused absences
will affect your grade. Participation in
class discussions will be an informal input to your final grade, and is
strongly encouraged. There is no such
thing as a "dumb question".
Instructional
Philosophy:
The most
effective and efficient use of classroom time involves reinforcing or
clarifying what the student has tried to learn on an individual basis before
entering the classroom. Therefore, optimal learning is achieved by (a)
disciplined preparation through the student’s study of the assigned chapters
and solving of the assigned problems, (b) discussion of the material by the
students and instructor in class, and (c) the instructor’s underscoring of the
most important points.
The student
bears the primary responsibility for learning the material, while the professor
has the responsibility to assist in the learning process by demonstrating
problem-solving techniques and clarifying difficult concepts. To achieve this objective, the student should
plan to spend at least two hours outside of class for each hour in class.
Additional Notes:
If a student
elects to drop the course after April 6, 2007, a designation of withdrawn
passing (W) will only be assigned if all course requirements up to the official
date of withdrawal have been completed and your average test scores are equal
to or greater than 60% of available points.
ASSIGNMENT
DUE DATES:
Assignments are due
at the beginning of the class period on the date indicated. Any information obtained during class
discussion of assigned problems must be indicated by the use of red ink to
distinguish work done before, rather than during class. You will be given
partial credit for a reasonable attempt to work the problem, even if
significantly deficient. (See attached
schedule for specific problem assignments and due dates.)
STUDENT
EVALUATION:
Grades
will be based upon formal written examinations, periodic quizzes, and written
assignments. If a student
misses
one of the first three exams, and has a valid excused absence, and notifies the
instructor before the exam,
it
can be made up before the next class period with a ten-point reduction in the
exam score. Each additional
missed exam will be assigned a grade of zero.
Grades
will be determined on the following basis:
Written
Examinations (3@ 100) ...…... 300
Quizzes/Special
Assignments................. 100
Homework/Group
Projects......……….. 100
Final
Examination......................…….... 100
TOTAL POINTS
..........................…... 600
Two quizzes
and four homework assignments will be dropped.
No late homework or quizzes will be accepted.
Letter grades
are computed as follows:
A = 90-100%
B = 80-89%
C = 70-79%
D = 60-69%
F = under 60%
Grade Appeals-The student should arrange a conference
with the professor; if no settlement is reached, either party may refer the
matter to the College of Business Dean by a written statement. If mediation fails, the matter will go to the
Vice President of Academic Affairs. The
deadline for initiating a grade appeal is four (4) months after the date the
grade was assigned.
AMERICANS
WITH DISABILITIES ACT COMPLIANCE:
If any member of
the class feels that they have a disability and needs special accommodations of
any nature, the instructor will work with you and the University Office
of Student Affairs to provide reasonable accommodations to ensure that you have
a fair opportunity to perform in this class. Please advise the instructor of
such a disability and the desired accommodations at the end of the first class
meeting.
INCLEMENT
WEATHER POLICY:
The following
are basic premises for the inclement weather policy at
1. Classes will
be held if at all possible.
2. It is the
student’s responsibility to receive the information when weather is
questionable.
3. Neither
students nor faculty are expected to risk life or limb.
4. Faculty
members are obligated to hold classes if the University if not closed, unless
the faculty member is
unable to get to campus.
Policy:
During times of
inclement weather, decisions concerning day classes will be made by
The following
media will be notified regarding closing of the campus:
Radio
Station: Television
Station:
KAYI 107 FM
KTLQ 1350
AM Tahlequah KTUL Channel 8
KEOK 102 FM Tahlequah KFSM Channel 5
KBIX 1490
AM
KMMY 97 FM
KVOO 1170
AM
The automated
attendant message on (918) 456-5511 will be modified to include information
concerning campus operations during inclement weather.
|
DATE |
CH |
|
SUBJECT |
COST ACCT 3203-ASSIGNMENT SCHEDULE |
HW ASSIGNMENTS |
|
Jan 09 W |
|
Orientation |
|
||
|
Jan 11 F |
1 |
The Accountant’s Role In Organization |
1-18, 1-20, 1-21 |
||
|
Jan 14 M |
1 |
The Accountant’s Role In Organization |
1-23, 1-28, 1-29, Quiz |
||
|
Jan 16 W |
2 |
Cost Terms & Purposes |
2-18, 2-21 |
||
|
Jan 18 F |
2 |
Cost Terms & Purposes |
2-19, 2-26 |
||
|
Jan 21 M |
|
Martin Luther King’s Day –
No School |
|
||
|
Jan 23 W |
2 |
Cost Terms & Purposes |
2-33, 2-34, Quiz |
||
|
Jan 25 F |
3 |
Cost-Volume-Profit Analysis |
3-17, 3-20 |
||
|
Jan 28 M |
3 |
Cost-Volume-Profit Analysis |
3-22, 3-23 |
||
|
Jan 30 W |
3 |
Cost-Volume-Profit Analysis |
3-33, 3-36, Quiz |
||
|
Feb 01 F |
|
Review for First Exam |
|
||
|
Feb 04 M |
|
FIRST EXAM -
CH. 1-3 |
|
||
|
Feb 06 W |
4 |
Job Costing |
4-18, 4-21 |
||
|
Feb 08 F |
4 |
Job Costing |
4-22, 4-33 |
||
|
Feb 11 M |
4 |
Job Costing |
4-35, 4-36 Quiz |
||
|
Feb 13 W |
5 |
Activity-Based Costing |
5-16, 5-18 |
||
|
Feb 15 F |
5 |
Activity-Based Costing |
5-23, 5-26, 5-27 |
||
|
Feb 18 M |
5 |
Activity-Based Costing |
5-34, Quiz |
||
|
Feb 20 W |
6 |
Master Budget, Responsibility Accounting |
6-17, 6-19 |
||
|
Feb 22 F |
6 |
Master Budget, Responsibility Accounting |
6-20,6-23 |
||
|
Feb 25 M |
6 |
Master
Budget, Responsibility Accounting
|
6-31, 6-36 |
||
|
Feb 27 W |
6 |
Master
Budget, Responsibility Accounting
|
6-38, Quiz |
||
|
Feb 29 F |
|
Review for Second Exam |
|
||
|
Mar 03 M |
|
SECOND EXAM – CH 4-6 |
|
||
|
Mar 05 W |
7 |
Flexible Budgets, Variances I |
7-17, 7-18 |
||
|
Mar 07 F |
7 |
Flexible Budgets, Variances I |
7-19, 7-27 |
||
|
Mar 10 M |
7 |
Flexible Budgets, Variances I |
7-25, 7-26 |
||
|
Mar 12 W |
|||||