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ACCT 3203

Cost Accounting

Spring 2021

Why This Class is Important:

Management accountants are vital to the financial

health of organizations. They make critical decisions,

safeguard a company’s integrity, and plan for business

sustainability. They might be CFOs and controllers,

budget analysts and treasurers, or one of many other

game changers on internal teams. Most of all, as the

majority of the accounting and financial workforce,

they help drive an organization’s strategy and value

amid an unpredictable market. Meant primarily for

accounting and finance majors, the course emphasizes

the accounting necessary to record and use costs for

planning, control and decision making.

Textbook:

Managerial Accounting 17th Edition. Garrison, Noreen, Brewer (2021) ISBN: 9781260611960 McGraw-Hill. Direct Bill, Inclusive Access.

Technology (recommended):

Wired Numeric Keypad ($10.99) or Wireless Numeric Keypad ($17.99)

Instructor:

Sarah Johnson, 238 Business Building Sarah.johnson11@okstate.edu (405) 744-8046

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Sarah Johnson

Instructor of Professional Practice

Communication

I do my best to prioritize emails from my students, and

to help make sure I answer your questions as soon as

possible make sure to put "ACCT 3203" and your sec-

tion number in the subject line of your email. For exam-

ple: ACCT 3203.70378 - Question about Chapter 3 Quiz.

Class news and updates will be posted to the An-

nouncements section on Canvas. I will very rarely send

out all-class notices via email.

Office Hours

All of my Office Hours for Spring 2021 will be virtual. I

am available throughout the week to meet and discuss

any questions you have, discuss matters related to this

class, or anything else you would like. I value your par-

ticipation in this class and want to be available for you.

ALL ABOUT ACE ACE is the School of Accounting Collaborative for Excellence, a tutoring lab and mentorship hub staffed by undergradu-

ate and graduate teaching assistants. In short, we provide exceptional assistance to students enrolled in accounting

courses at Oklahoma State as well as support to faculty and staff through teaching and research assistant roles. We

have hundreds of students visit us each semester to help better understand the concepts they are learning in the class!

Many students find it helpful to review concepts with our scholars in ACE if they are having difficulties understanding

these concepts in the classroom. The one-on-one interactions students have with our scholars go far beyond just un-

derstanding content – many students find mentors in our scholars, forming life-long relationships. Visit our website for

further information.

HOW DO I JOIN THE CANVAS ACE SCHOLARS COMMUNITY? Students can add themselves to the community by visiting this self-enrollment link.

HOW DO I SCHEDULE AN APPOINTMENT? ACE Walk-Ins - ACE is here to help. Just click the hyperlink to join a call with our on-call tutors! No appointment neces-sary for a virtual walk-in.

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COURSE INFO &

EXPECTATIONS

Course Information

This course is presented in a Flipped format to accommodate the blended/

hybrid course model established in response to COIV-19. This means your at-

home-work is to watch lecture videos (roughly 3 hours per week) and read the

textbook, and then come to class to apply what you have learned. I hold you ac-

countable for the videos and reading through weekly homework assignments,

data analytics assignments, and quizzes. Success is easily attainable, but requires

your participation in and outside of our classroom. Things will be a bit different

while social-distancing is required, but my goal is to make this class every bit as

engaging and effective as any other semester. Students may choose to attend

face-to-face or online. Students who attend strictly online will get the same qual-

ity of education as those who attend in person.

Instructor Expectations

As the instructor of ACCT 3203, you can expect me to

provide you with a positive learning experience. I will

come to class on time prepared to help you learn about

cost accounting through the use of discussion and hands-

on activities designed to work in concert with the infor-

mation you glean from the pre-recorded video lectures. I

will strive to create a dynamic learning environment

where you are engaged with the course materials. You

can expect me to be attentive to your needs, and re-

spond in a timely manner to your emails.

Student Expectations

What you get out of this course depends greatly on the

effort you put in to it. You can expect to spend several

hours per week watching pre-recorded video lectures

outside of class, and then come to class prepared to dis-

cuss, work in groups, and dig deeper into the infor-

mation from the lectures with your peers. You are ex-

pected to be an active participant by taking notes along

with the videos, completing your assignments, and en-

gaging in group work when requested. I encourage you

to bring your laptop or tablet to class to complete your

course assignments via McGraw-Hill Connect.

Weekly Template Your education is too important to be dependent on surprises and unexpected twists and

turns. As such each week will follow a similar pattern. If you get into the habit of doing the following activities every single week you will be well on your way to ensuring your success. • Read the week’s chapter • Watch the video lec-tures while taking notes (similar to a traditional college lecture) • Read or watch the supplemental materials (links, PDFs, video clips, etc.) posted to Canvas • Submit the chapter data analytics assignment no later than 11:59pm on Sun-day night • Submit the chapter homework no later than 11:59pm on Tuesday night • Submit the chapter quiz no later than 11:59pm on Thursday night • Come to your respective live class day (if applicable) to discuss the material from the textbook and video lectures • Ask questions early and often!

Canvas All materials for this class will be posted on Canvas including lecture videos, document templates, case

studies, and McGraw-Hill Connect access for data analytics assignments, homework, and quizzes. Each week I will post a checklist of things you must complete. Canvas modules are set up in the following format for each chapter:

• WATCH or READ—Items include narrated PowerPoints and general lecture videos.

• WATCH and WORK—Items include videos for each class packet problem set.

• WORK—Items include data analytics assignments, practice exercises, homework, practice quizzes, graded quizzes, and knowledge checks.

Your success in this course is dependent on your use of all educational resources provided to you!

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In-Class Notes Each week we will cover one chapter. Video and in-

class lectures will follow along with the in-class exercises packet prepared for

each chapter. These packets have been provided to you via Canvas. Class

packets include a summary of learning objectives and a variety of brief exer-

cises designed to help you apply conceptual knowledge to accounting prob-

lems. In-Class notes are not graded but you must complete them to ensure

your success in this course.

Data Analytics assignments will utilize Microsoft Excel, Tableau, or

Power BI and will be submitted via McGraw-Hill Connect unless otherwise

noted. Each data analytics assignment is worth 20 points. There are 13 data

analytics assignments and you will get 3 drops over the course of the semes-

ter. There are 3 attempts allowed for each data analytics assignment. Data

analytics assignments will be worked together with your instructor during

your scheduled class time or via pre-recorded video and are due every Sun-

day at 11:59PM. Data analytics assignments will enhance the following Excel

skills: Chart Creation, Formula Creation (e.g. =ABS; =IF statements;

=VLOOKUP, etc.), Goal Seek, Implementation of Cell References, Least

Squares Regression Analysis, Pivot Charts, Pivot Tables, Solver, etc. We will

also analyze data via Tableau or Power BI dashboards. All data analytics as-

signments will relate directly to the corresponding chapter content.

Homework will be completed via McGraw-Hill Connect. Each home-

work assignment is worth 20 points. There are 14 assignments and you will

get 2 drops over the course of the semester. There are 3 attempts allowed

for each assignment, with 1 “check my work” per question. With each sub-

mitted attempt, the student will start over and there will be new numbers

generated. Do not submit until all parts are completed! There is more feed-

back given after submitting each attempt. If you are stuck, confused, unsure,

email your instructor or graduate assistant for clarification! Homework as-

signments are due every Tuesday at 11:59PM.

Quizzes will be completed via McGraw-Hill Connect. Each quiz is worth

10 points. There are 14 quizzes and you will get 4 drops over the course of

the semester. There is only 1 attempt allowed for each quiz, however, there

are practice quizzes available to study in advance. Each quiz has a time limit

of 1 hour. Quizzes are due every Thursday at 11:59PM.

Exams There will be a total of 3 exams throughout the semester that will

be administered via McGraw-Hill Connect. Exams will consist of multiple

choice and work-out problems and all questions are algorithmic. You will

have 120 minutes to complete each exam. You must complete your exams

within the designated testing windows. See course schedule for exam win-

dow dates. Exams must be proctored—see “Exam Instructions” video for

further detail.

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Course Objectives

Program Learning Goal

Understand the basic concepts and tools associated with cost manage-ment information systems; provide understanding and appreciation of the role of the management accountant in the organization

• Business Knowledge & Competency

Understand and apply concepts and tools of management accounting to basic and complex business problems; use cost information to make de-cisions and exercise control

• Business Knowledge & Competency

• Problem Solving

Improve problem solving skills by providing practice in addressing com-plex business problems; Use cost information to assign costs to products, services, projects, and other cost objects; Understand and appreciate differences between contemporary and traditional approaches to costing and control

• Business Knowledge & Competency

• Problem Solving

Improve individual written communication skills; improve group communi-cation skills

• Written Communication

• Interpersonal Skills

Enhance ability to use business decision analysis technology • Technological Competence

Enhance identification and reaction to ethical scenarios • Ethical Decision Making

Class Attendance While attendance is not part

of your grade, you are expected to complete the in-class

work each week. You may do this in our physical classroom

or at home, but this work is critical to understanding Cost

Accounting. During our in-class sessions we will dig deeper

into the material covered in the videos and readings, and

we will apply the theories and information you learned

from the textbook and videos. You will not sit and passively

take notes, but instead be an active participant and answer

open-ended questions and work in groups to work through

problems. This work is not graded, but is essential to your

success in this course.

Late Work Policy I understand that un-

planned events happen in life, and sometimes it's diffi-

cult to get things turned in on time. Good communica-

tion is your best ally in this class: if something comes up

(illness, death in the family, etc.) that will preclude you

from turning in an assignment, contact me right away so

we can work out a plan to deal with the situation. Late

work will be accepted on a situational basis, but it is not

a given. My expectation is that you will complete all as-

signments by the designated due date, as you will have

more than enough time to complete your assignments

as outlined in the course schedule.

COURSE

OUTCOMES &

POLICIES

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Course Prerequisites

ACCT 2103 & 2203 (≥C) AND

Accounting Gateway Exam (≥70%);

OR ACCT 3003 (≥C).

Grading

Your letter grade will be determined using a

standard grading scale. Your grade for this

course will be determined as follows:

Category Points % of Total Comment

Exams 450 45% 3 Exams.; no drops. 150 points each.

Homework 240 24% 14 assigned; drop 2 lowest. 20 points each.

Data Analytics 200 20% 13 assigned; drop 3 lowest. 20 points each.

Quizzes 100 10% 14 assigned; drop 4 lowest. 10 points each.

Professionalism 10 1% Professional communication used with in-

Total Points 1,000 100%

Grade Scale

The percentage that must be earned for each

letter grade is listed below. Any adjustments will

be made at the discretion of the instructor.

A 90%-100%

B 80%-89.99%

C 70%-79.99%

D 60%-69.99%

F Below 60%

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CODE OF ETHICS FOR ACCOUNTING MAJORS

The purpose of this code is to foster an atmosphere of honesty and integrity within the OSU School of Accounting (SOA) and to

create a shared expectation as to the minimum standards of ethical conduct by students within the School.

Compliance Comply with laws and regulations, as well as all OSU, SSB, and SOA standards, regulations, and policies.

Competence Convey accurate information about your experience, qualifications, grades, and other attributes to prospective employ-

ers, scholarship committees, and other parties. Confidentiality

Students employed by the SOA should refrain from disclosing confidential information acquired in the course of work responsibilities.

Integrity Adhere to guidelines provided by instructors for assignments. Report honestly on the conduct of assignments, reasons for absences, and other matters that can affect either class or

job evaluations. Refrain from any form of cheating on exams or assignments, including providing or receiving unauthorized assistance or

obtaining any form of advance access to exam questions and/or answers. Refrain from submitting substantial portions of the same academic work for credit on more than one assignment with-

out instructor permission. Refrain from offering gifts that are intended to influence or might appear to influence instructors, administrators, or

others who make decisions about your grades, scholarships, admission into programs, etc. Refrain from actively or passively subverting the attainment of legitimate and ethical objectives of the School of Ac-

counting. Objectivity

Maintain the highest standards of fairness and refrain from bias or appearances of bias in performing peer evaluations on the work of other students or in evaluating the performance of instructors.

In this context, “bias” refers to consideration of characteristics that are legally prohibited from consideration (e.g., race or gender) as well as other factors that should be unrelated to performance of the job or assign-ment.

Interactions Whether agreeing or disagreeing, demonstrate respect for other individuals.

Attribution Ensure that assignments (whether papers, problems, computer programs, etc.) that are submitted for grading reflect

your own work and are not copied from others (including other students). This provision prohibits, among other actions, the use of solutions manuals or case solutions to which the student

may obtain access (legally or otherwise). Students should recognize that ideas taken from publications, websites, etc., should be given proper attribution.

When quoted verbatim (even partial sentences), these excerpts should be included in quotes and cited. In formal writings and public talks, credit others (including those with whom you collaborate) for the work they have

done. When engaged in informal discussions, refrain from claiming credit for work done by someone else, e.g., a group member.

Consequences: The accounting profession cannot function without a high degree of integrity (both real and perceived). Students who cannot adhere to high standards of integrity should not pursue a career in accounting. Consequently, violations of the Code of Ethics for accounting majors will lead to loss of School of Accounting scholarships and may extend to expulsion from the accounting major (either undergraduate or graduate) at the discretion of the student’s respective program committee (i.e., the SOA Ph.D. committee, M.S. committee, or undergraduate committee).