Northeastern
Department of Accounting
FALL 2007
INSTRUCTOR:
Vicki
Trammell, MBA, CPA
Office in
Tahlequah: BT 110
Office Hours in
Tahlequah: 8:00-9:00, 12:00-1:00 MWF & 10:00-11:00 TTH.
Assistance
outside of these office 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 4203 Cost
Accounting II 11:00-11:50 a.m.
MWF
Class Room: BT
125
PREREQUISITE:
CATALOG
DESCRIPTION OF COURSE:
Continuation
of Accounting 3203 to include cost allocation methods, joint product and
by-product costing, variance and profitability analysis, process costing, back
flush costing, inventory management, just-in-time, capital budgeting, input
yield and mix variances, and transfer pricing. Prerequisite: ACCT 3203.
COURSE
PURPOSE:
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
manufacturing businesses, but also includes service-type companies.
Cost
Accounting II is an elective course designed primarily for accounting majors,
but will also be useful for finance majors.
If will be particularly beneficial to those students who intend to
pursue the CMA exam.
EXPECTED
COURSE OUTCOMES:
Students completing this course should
1. Understand the balanced scorecard and
strategic profitability analysis.
2. Be able to allocate costs using various
allocation methods.
3. Be able to apply cost allocation concepts to
joint products and by products.
4. Be able to analyze sales variances in terms
of volume, mix and quantity, and perform customer
profitability analysis.
5. Be able to apply process costing, using the
FIFO, weighted average, and standard costing methods.
6. Understand and compensate for normal and
abnormal spoilage in process and job order costing.
7. Be able to apply techniques used to analyze
quality problems and evaluate performance.
8. Understand the tools used for inventory
management, including just-in-time purchasing and
supply-chain analysis.
9. Be able to apply various methods of capital
budgeting, including discounted cash flow, payback and
accrual accounting rate of return.
10. Understand
the benefits and disadvantages of alternative transfer pricing systems and
management
control systems.
11. Be able to apply alternative financial and
non-financial performance measures.
INSTRUCTIONAL
MATERIALS:
Cost Accounting,
Horngren, Foster and Datar, 12th edition, Prentice-Hall, 2002. ISBN #0-13-149538-0.
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 absences will
affect your grade. Participation in
class discussions and is strongly encouraged.
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 November 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 need 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 attended.
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 4203-ASSIGNMENT SCHEDULE |
HW ASSIGNMENTS |
|
AUG 15 W |
|
Orientation |
|
||
|
AUG 17 F |
|
Read pages 27-32 |
Page 50 Questions 1,5,8,10,11,12,2-22 req 1 & 3 |
||
|
AUG 20 M |
|
Read pages 61-67, 78-79 |
Page 84 Questions 1,3,4,3-17 & 3-37 |
||
|
AUG 22 W |
|
Read pages 99,332-336,341,342 |
4-16,10-23,10-32 Quiz over Review |
||
|
AUG 24 F |
13 |
Strategy & Balanced Scorecard |
13-16,13-18,13-19 |
||
|
AUG 27 M |
13 |
Strategy & Balanced Scorecard |
13-26,13-27,13-28 |
||
|
AUG 29 W |
13 |
Strategy & Balanced Scorecard |
13-31,13-33, Quiz |
||
|
AUG 31 F |
14 |
Cost-Allocation & Customer
Profitability |
14-16,14-17 |
||
|
SEPT 3 M |
|
Labor Day |
|
||
|
SEPT 5 W |
14 |
Cost-Allocation & Customer
Profitability |
14-27 |
||
|
SEPT 7 F |
14 |
Cost-Allocation & Customer
Profitability |
14-25,14-26, Quiz |
||
|
SEPT 10 M |
|
Review for
first exam |
|
||
|
SEPT 12 W |
|
First
Exam-Break Even, Make or Buy, Chapters 13 & 14 |
|
||
|
SEPT 14 F |
15 |
Allocation of Support Department Costs |
15-17,15-18 |
||
|
SEPT 17 M |
15 |
Allocation of Support Department Costs |
15-19,15-20,15-24 |
||
|
SEPT 19 W |
15 |
Allocation of Support Department Costs |
15-21,15-22,15-25
Quiz |
||
|
SEPT 21 F |
|
NO CLASS |
|
||
|
SEPT 24 M |
16 |
Cost-Allocation, Joint-Products & Byproducts |
16-16,16-18 |
||
|
SEPT 26 W |
16 |
Cost-Allocation, Joint-Products & Byproducts |
16,-17,16-21,16-22 |
||
|
SEPT 28 F |
16 |
Cost-Allocation, Joint-Products & Byproducts |
16-23,16-24, Quiz |
||
|
OCT 1 M |
17 |
Process Costing
|
17-16,17-17, 17-18 |
||
|
OCT 3 W |
17 |
Process Costing
|
17-19, 17-20, 17-21 |
||
|
OCT 5 F |
17 |
Process Costing
|
17-22,17-27, 17-28, Quiz |
||
|
OCT 8 M |
|
Review for exam |
|
||
|
OCT 10 W |
|
Second
Exam-Chapters 15-17 |
|
||
|
OCT 12 F |
18 |
Spoilage, Rework, & Scrap |
18-16,18-17,18-18 |
||
|
OCT 15 M |
18 |
Spoilage, Rework, & Scrap |
18-19,18-20,18-28,18-29 |
||