Northeastern State University
College of Business and Technology
Department of Finance, Accounting, Business Law, & Economics (FABLE)
Tahlequah, OK
ACCOUNTING 3203
Cost Accounting I
Fall 2010
Blackboard Site

REASONABLE ACCOMMODATIONS (per Faculty Handbook)
If any member of the class feels that he/she has a disability and needs special accommodations, please advise the instructor of such disability at the first class attended.

INSTRUCTOR: Dr. John P. Yeütter, Ph.D., C.P.A., CFP®
Note: Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and ,
which it awards to individuals who successfully complete initial and ongoing certification requirements.

Office: BT114
Phone: (918) 444-2968
Personal Phone (918) 931-8257
E-Mail: yeutter@nsuok.edu
Office Hours: 0900-1000 MWF (TQH) 1100-1200 MW 1515-1500 MW(TQH) 1400-1500 (BA)

COURSE TITLE AND NUMBER: COST ACCOUNTING I - ACCOUNTING 3203
CLASS DAYS & TIME: 14:00-15:15 MW
PREREQUISITES: Accounting 2203.

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.

COURSE PURPOSE:

STUDENT LEARNING OUTCOMES:
At the completion of the course, the student will be able to:

  1. Demonstrate competence in Excel by working basic accounting and decision-making problems using this tool.
  2. Describe the difference between financial and cost accounting.
  3. Apply job cost accounting to determine the cost of manufactured goods and services
  4. Use the activity-based costing approach to product and service costing.
  5. Perform cost-profit-volume analysis, including calculating break-even point, sales required to achieve target profit, and sensitivity analysis.
  6. Prepare a master budget.
  7. Prepare a flexible budget, and compute and interpret variances
  8. Differentiate between relevant and irrelevant information in a managerial decision-making context.
  9. Use both quantitative and qualitative information in making managerial decision-making

INSTRUCTIONAL MATERIALS: (Required Textbook) Horngren, et al., Cost Accounting: 13th EditionISBN: 978-0-13-61-12663-8 or (Int'l) 9780131355583
Additional Recommended Resources: It is recommended that the student have a financial calculator for all class meetings. For Examinations, numeric-display-only calculators may be used only. Cell-Phones, Graphing Calculators, or other electronic devices capable of displaying text and/or graphics are prohibited.

INSTRUCTIONAL PROCEDURES: In addition to the textbook, Blackboard will provide a means of communicating to and evaluating students this semester.
For each chapter, there will be a module on Blackboard, which will contain: The Learning Objectives for the Chapter, The PowerPoint for the Chapter, Multiple Choice problems, and the initial data for working the Excel Problems
Class time will be spent is discussion and working examples to further illustrate the concepts from the text.

STUDENT PERFORMANCE ACTIVITIES: (Attendance/Punctuality) Consistent and punctual attendance is both expected and required for your successful completion of the course. Failure to attend class will affect the grade. ALL absences will indirectly reflect the grade due to the quality of work and material missed. A student is allowed to miss TWO (2) class periods without a direct penalty. Beginning with the third class missed, a one percent (1%) penalty will be deducted per class missed from the final grade. In addition, any student arriving late to class, or leaving early from class will be assessed a one half percent (1/2%) penalty from their final grade.
Under the VERY MOST EXTREME EXIGENT CIRCUMSTANCES, this penalty may be waived. To receive a waiver, students requesting relief under this clause must provide independent verification of these circumstances, in writing, within two (2) days of the missed class period. Students will be expected to make up any work missed as a result of absence, whether or not the absence was justified.

ASSIGNMENT DUE DATES: Assignments are due as indicated below on the Calendar Table:

TENTATIVE COURSE SCHEDULE ASSIGNMENT DUE DATES
Mon Wed Fri
08/16 08/18 08/20 - Ch1MC
08/23 Ch2MC 08/25 08/27 - Ch2Excel
08/30 Ch3MC 09/01 09/03 - Ch3Excel
09/06 - Labor Day09/08 Exam1 - Ch 1-3 09/10
09/13 Ch4MC 09/15 09/17 - Ch4Excel
09/20 Ch5MC 09/22 09/24 - Ch5Excel
09/27 Ch6MC 09/29 10/01 - Ch6Excel
10/04 Exam2 - Ch 4-6 10/06 10/08 - ETHICS DUE
10/11 Ch7MC 10/13 10/15 - Ch7Excel
10/18 Ch8MC 10/20 - Ch8Excel 10/22 - Fall Break
10/25 Ch9MC 10/27 10/29 - Ch9Excel
11/01 EXAM3 Ch 7-9 11/03 11/05 - PRESENTATION DUE
11/08 Ch10MC 11/10 11/12 - Ch10Excel
11/15 Ch11MC 11/17 11/19 - Ch11Excel
11/22 Ch12MC 11/24-26 Thanksgiving
11/29 12/01 - Ch12Excel 12/03
12/06 12/08 12/10 - Final Exam
Week Chapter Topic Exercises Excel
08/161 The Accountant's Role in the Organization
08/232 An Introduction to Cost Terms and Purposes 2-18, 2-19, 2-21, 2-26 2-31
08/303 Cost-Volume Profit Analysis 3-17, 3-20, 3-22, 3-23, 3-36 3-26, 3-38, 3-43, 3-49
09/06 Cherokee Holiday - No Class
09/08Exam Chapters 1-3
09/134 Job Costing 4-18, 4-21, 4-33, 4-35, 4-36 4-22, 4-27, 4-28
09/205 Activity-Based Costing and Activity-Based Management 5-16, 5-18, 5-23, 5-26, 5-27 5-19, 5-21, 5-22, 5-34
09/276 Master Budget and Responsibility Accounting 6-17, 6-19, 6-20, 6-23, 6-31, 6-36, 6-38 6-24
10/04 Exam Chapters 4-6
10/117 Flexible Budgets, Direct-Cost Variances 7-17, 7-18, 7-25, 7-26, 7-27 7-19, 7-20, 7-40, 7-41
10/188 Flexible Budgets, Overhead-Cost Variances 8-16, 8-8-17, 8-18, 8-18, 8-19, 8-22 8-20, 8-24
10/22 Fall Break
10/259 Inventory Costing and Capacity Analysis 9-18, 9-20, 9-21, 9-25, 9-26 9-16, 9-17, 9-22, 9-24, 9-30, 9-32, 9-34
11/01Exam Chapters 6-9
11/0810Determining How Costs Behave 10-17 (req 2&3) 10-18, 10-20, 10-22, 10-23, 10-30, 10-31 10-29, 10-36, 10-38
11/1511Decision-Making and Relevant Information 11-16, 11-17, 11-19, 11-22, 11-25, 11-29 11-23, 11-28, 11-40, 11-41
11/2212Pricing Decisions and Cost Management 12-10, 12-16, 12-17, 12-23, 12-36 12-24, 12-31
11/24 Thanksgiving Holiday - No Class
11/2912Pricing Decisions and Cost Management 12-10, 12-16, 12-17, 12-23, 12-36 12-24, 12-31
12/10 Comprehensive Final Examination Friday December 10 1300-1450

  • MISSED TESTS : I believe that feedback is an important part of the learning process, and therefore expect to grade exams and projects within two (2) days of the due date. Typically, I provide the answers to the examination to students upon exit from the exam. This poses a problem for those who are unable to take exams at the scheduled time. Students who do not communicate their absence to my by the time a test is completed will receive a zero (0) for that exam. In the case of the VERY MOST EXTREME UNFORSEEN EXIGENT CIRCUMSTANCES, students will be given the opportunity to take only one substitute exam along with the final exam. My determination of whether the VERY MOST EXTREME UNFORSEEN EXIGENT CIRCUMSTANCES existed will be dependent both upon the timeliness of notification by the student of their failure to attend, and upon the reasons given for that failure. Under all circumstances, students requesting relief under this clause must make a written request, and provide independent verification of these circumstances, in writing, within two (2) days of the missed exam.
  • ASSIGNMENT DUE DATES: The Quizzes, Projects, and Assignemts are due before class-time on their due date. All quizzes and projects are to be submitted appropriately on Blackboard. No work will be accepted at any other time or place than in class and at the appointed time. Assignments slid under the office door or emailed, will be eaten by a frumious bandersnatch, or otherwise lost and never graded.
  • LATE PROJECTS: Projects turned in late will be charged a 10% "late filing" penalty. Late quizzes, or quizzes missed will not be graded.

    STUDENT EVALUATION: Students will be evaluated in several different ways throughout this course.

    GRADING: Grades will be based upon formal written examinations and projects
    Examinations and assignments are assigned points as follows:
      300 OBJECTIVE EXAMS
      200 FINAL COMPREHENSIVE EXAM
      100 ETHICS PAPER
      100 PRESENTATION
      180 EXCEL PROBLEMS
      120 QUIZZES
     1000 TOTAL POINTS
     Grades will be assigned according to the following schedule:
    A: > 92% B: 84 - 92% C: 76 - 83% D: 68 - 75%

    ACADEMIC MISCONDUCT:
    Academic misconduct includes cheating (using unauthorized materials, information, or study aids in any academic exercise), plagiarism, falsification of records, unauthorized possession of examinations, intimidation, and any and all other actions that may improperly affect the evaluation of a student’s academic performance or achievement, or assisting others in any such act or attempts to engage in such acts. Academic misconduct in any form is inimical to the purposes and functions of the University and therefore is unacceptable and prohibited.

    Any faculty member, administrator or staff member may identify an act of academic misconduct and should report that act to the department head/college dean, Vice President for Academic Affairs or administrative supervisor.

    Students violating the standards of academic honesty are subject to disciplinary action including reduction of a grade(s) in a specific course, assignment, paper, or project; a formal or informal reprimand at the professorial, dean, or academic vice president level; expulsion from the class in which the violation occurred; expulsion from a program; or expulsion from the university.

    ADA COMPLIANCE: (per HLC Syllabus Requirements)
    If any member of the class feels that he/she has a disability and needs special accommodations of any nature whatsoever, the instructor will work with you and the University's 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 disability and the desired accommodations at the first class attended.

    OTHER INFORMATION:

    1. Any grade appeal must be made within four months after the end of the semester.
    2. Students are advised that pursuant to the Fall 2010 Academic Calendar, published in the NSU Schedule, the last date during this semester when they may drop a course with an automatic "W" will be Wednesday, November 4, 2010. If you decide to drop after this date, you will receive the grade you have earned up to the drop date. The grade of "W" will be assigned if your grade is a "D" or higher; and an "F" will be assigned if you have stopped attending and have not turned in assignments or have not taken scheduled exams prior to the drop date.
    3. Grades for assignments will be posted on Blackboard in the Gradebook. Students wishing to visit with the professor about their standing in the class may visit him in his office which is located in the Business and Technology Building, Room BT-114. Office hours indicated above are also posted adjacent to the door.
    4. Pursuant to Federal Law, The Federal Educational Rights and Privacy Act, no information about students or grades will be disclosed except through secure, verifiable communications.
      Communications by telephone and e-mail are not considered secure, and requests for information concerning grades by this means wil not receive a response.
    5. INDEPENDENT PRODUCTION: Unless specifically specified as part of the assignment, I expect that all students will work and complete assignments independently. Students who present assignments whose work appears to have been prepared through collaboration will receive a zero (0) for that assignment.

    TEACH ACT: In accordance with the TEACH Act of 2002, you are advised that instructional material included in this course may be subject to copyright protection. As such, you must not share, duplicate, transmit, or store the material of this course beyond the purpose and time frame explicitly stated in the syllabus of your course. If you are not certain whether a particular piece of material is covered by copyright protection, you should contact your instructor and obtain her/his written clarification. Failing to observe copyright protection is a violation of law and the student code of conduct.

    INCLEMENT WEATHER / DISASTER POLICY:
    The following are basic premises for the inclement weather policy at Northeastern:
    1. Safety of students and employees is the number one priority when implementing the inclement weather policy.
    2. Classes are expected to be held if at all possible.
    3. It is the student’s and faculty’s responsibility to receive the information when weather is questionable.
    4. Neither students nor faculty are expected to risk life or limb.
    5. Faculty are encouraged to be flexible regarding absences related to severe weather.
    6. If any one of Northeastern’s campuses is closed, it is the responsibility of the University to disseminate information pertaining to such closing as early as possible.
    7. Faculty members are obligated to hold classes if the university is not closed, unless the faculty member is unable to get to the campus.

    Policy Statements:

    1. The specific person(s) responsible for making the decision concerning the closing of each of the three campuses are: (Tahlequah-President and Provost/Vice President for Academic Affairs; Broken Arrow – Campus Dean in conjunction with the President and Provost/Vice President for Academic Affairs; Muskogee – Campus Dean in conjunction with the President and Provost/Vice President for Academic Affairs). The President will notify the Vice President for University Relations who in conjunction with his staff, will notify the public through the news media and the campus community through email, NSU homepage, NSU telephone message and switchboard message and other means when available. The Provost/Vice President of Academic Affairs will notify faculty.
    2. During times of inclement weather, decisions concerning day classes will be made by 5:00 a.m. in order for the media to be notified and for the students to receive the announcement before they leave home. Decisions concerning evening/night classes will be made by 1:00 p.m. if at all possible or feasible.
    3. The following media will be notified regarding closing of the campus:
      Radio Stations:

      KRMG . . . .740 AM . . . . .Tulsa
      KTLQ . . . .1350 AM . . . .Tahlequah
      KEOK . . . .102 FM . . . . .Tahlequah
      KMMY (Y97) .9700 FM . . . .Muskogee
      KVOO . . . .1170 AM . . . .Tulsa
      KBEZ . . . .92.9 FM . . . .Tulsa
      KMYZ . . . .104.5 FM . . . .Tulsa
      KHTS . . . .106.9 FM . . . .Tulsa

      Television Stations:
      KJRH . . . .Channel 2 . . . .Tulsa
      KOTV . . . .Channel 6 . . . .Tulsa
      KTUL . . . .Channel 8 . . . .Tulsa

      Faculty members need to include this information (stations and call numbers) in all their course syllabi so that students will have a record of where they can obtain information.
    4. The message sent to the news media should indicate whether the entire campus is closed or if classes are not being held. Unless the administrative offices are specifically mentioned as being closed, always assume they are open. See Staff Handbook regarding leave for such occasions.
    5. Essential services will remain open with a skeleton crew:
      1. University Housing/Residence Halls
      2. Physical Plant
      3. Campus Police
      4. University Center
    6. The Physical Plan will clear sidewalks and parking lots based upon the “Accessible Route” plan. This plan takes into consideration location of ADA entrances to buildings.
    7. Classes are expected to be held if at all possible; however, occasionally a faculty member may not be able to get to class due to unique weather conditions in the area in which he/she lives. If the University is open, but a faculty member feels it is impossible to travel to campus, he/she must notify the dean and request personal leave. See Faculty Handbook, 6.12.
    8. Faculty are encouraged to be flexible regarding student absences due to inclement weather. Consideration should be given to faculty developing make up material for distribution in case of faculty or student absences from individual classes.
    Approved by Academic Council – May 3, 1994
    Updated – January 27, 2010
    Approved by President’s Cabinet – February 23, 2010