AC440

Online Course Syllabus AC440

Cost Accounting Important Notes:

This document provides an overview of expectations for this online course and is subject to change prior to the term start. Changes may also occur during the term due to faculty or SPS Distance Learning course updates. Some links may only be active once the term starts.

For this course you must check the Regis Bookstore: http://www.efollett.com for the most current online course material information.

Course Description | Prerequisites | Course Outcomes | Course Outline | Required Course Materials | Grading Criteria | Assignments

COURSE DESCRIPTION

Cost Accounting is the study of basic cost and management accounting procedures and techniques. Course topics will include an introduction to cost terms and concepts, various product and service costing techniques, cost-volume profit relationships, and budgeting (master and flexible budgets), including variance analysis, approaches to capital budgeting, and transfer pricing.

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COURSE PREREQUISITES

AC 320B—Principles of Accounting II.

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COURSE OUTCOMES

Upon completion of this course, participants will be able to:

● Identify various costing practices for products, customers, and services,

● Apply acquired knowledge for relevant business decision making,

● Apply such practices with ethical behavior and integrity, and

● Use newly acquired knowledge in preparation for CPA examination.

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COURSE OUTLINE

Summarized below are course topics by week:

Week 1: Cost Accounting terminology and standards, cost-volume-profit analysis

Week 2: Job order and activity-based costing

Week 3: Responsibility accounting including the master budget, flexible budgeting, and variance analysis

Week 4: Inventory costing methodology, capacity analysis, cost behavior, and relevant costs for decision making

Week 5: Profitability analysis including cost allocations to products, divisions, and customers

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Week 6: Allocating costs to joint products and process costing

Week 7: Approaches to capital budgeting and transfer pricing

Week 8: Final review and wrap-up

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COURSE MATERIALS

Textbook

Horngren, Charles T., Datar, Srikant M. and Foster, George (2006). Cost Accounting, a Managerial Emphasis (12th Edition). Upper Saddle River: Pearson/Prentice Hall.

Recommended Supplement

Horngren, Charles T., Datar, Srikant M. and Foster, George (2006). Cost Accounting, a Managerial Emphasis Student Guide and Review Manual. Upper Saddle River: Pearson/Prentice Hall.

Optional Resources

Accounting Journals:

● Management Accounting, published by the Institute of Management Accountants

● Journal of Accountancy, published by the AICPA

● The CPA Journal, published by the New York State Society of CPAs

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GRADING POLICY

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You will be evaluated on fulfilling course objectives and meeting deadlines. Accuracy, timeliness, and clarity of presentation will be factors considered as assessment components when grading assignments.

Suggested Evaluation Criteria:

Weekly homework assignments

30% of total grade

Forum discussion assignments

20% of total grade

Midterm examination 25% of total grade

Final examination 25% of total grade

Total 100%

Grade Structure

Letter grades will be awarded according to the number of points earned as indicated in the following scale:

Letter Grade

Numerical Grade Range

Quality Points

Description

A 100-93 4.00 Outstanding Scholarship

A- 92-90 3.67

B+ 89-87 3.33

B 86-83 3.00 Superior Work

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B- 82-80 2.67

C+ 79-77 2.33

C 76-73 2.00 Satisfactory

C- 72-70 1.67

D+ 69-67 1.33

D 66-63 1.00 Unsatisfactory

D- 62-60 0.67

F Below 60 0.00 Failure

Incomplete ("I/F") grades:

Only in extreme emergencies will a student be given an incomplete grade. An incomplete grade results when a student is unable to complete any exam by the last day of class, or turn in assignments that would otherwise result in a passing grade, DUE TO EXTENUATING CIRCUMSTANCES. The reason supporting such a grade MUST be provided to the instructor, IN WRITING, before the last day of class. In all cases, the incomplete grade will indicate an "F" status. If the grade is approved, the requirements must then be completed within the following 30 days. Failure to complete the requirements within this time frame will result in a permanent grade of "F." Although not mandatory, missing homework assignments, still eligible for partial credit, should also be completed during this time. Please note that the instructor will be occupied with other courses during succeeding terms and WILL NOT be available for help after the end of the current term.

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AC440 Online Course Assignments

This course is organized around an eight-week program. Weekly outcomes, assignments, and critical information are organized week by week. Typically, each week includes a reading assignment, a forum submittal, an e-mail assignment, and work on your final course project. Work on your final project

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every week and make periodic submittals of your progress as required by your facilitator.

On-line weeks correlate to a seven-day workweek. Each week's work begins on a Sunday. Week 1 begins on the first day of the session, which is always a Monday. Prior to the start of each week, before Sunday, complete the reading assignments. On Sunday of each week, read your weekly critical information found in the Week-by-Week section. (Note: Your timely understanding of critical information content may be required to complete your weekly assignment.)

Submit all homework as an e-mail attachment in either Microsoft Excel or Word.

Generally:

● By Friday of each week, participate in the Forum discussions, read other student postings, and reply, when appropriate, to their postings.

● By Saturday of each week, save a copy of your assignments for yourself and e-mail them to your Facilitator.

View Assignments by Week

Week: 1 2 3 4 5 6 7 8

Week1

Reading:

● Horngren text, Chapters 1 through 3

● On-line content for Week 1

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Assignment:

E-mail the facilitator your answers to the following exercises:

● Chapter 1, exercises 1-17 and1-20

● Chapter 2, exercise 2-18

● Chapter 3, exercises 3-16, 3-21, and 3-24

Forum:

Introduction

Post a message to the Forum Discussion under Introductions to introduce yourself, describe your accounting experience, and tell when you completed your most recent accounting course.

Forum Discussion Questions

See the Weekly Activity page in the Week-by-Week for your Forum assignments.

Please post your response to the following questions in the Forum by Friday, end of day (EOD) of Week 1, and post responses to your classmates by Monday EOD of Week 2.

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Week 2

Reading:

● Horngren text, Chapters 4 and 5

● On-line content for Week 2

Assignment:

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E-mail the facilitator your answers to the following exercises:

● Chapter 4, exercise 4-19 and problem 4-30

● Chapter 5, problems 5-31 and 5-37

Forum:

See the Weekly Activities page in the Week by Week for your Forum assignment.

Please post your responses in the Forum by Friday EOD of Week 2 and post responses to your classmates by Monday EOD of Week 3.

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Week 3

Reading:

● Horngren text, Chapters 6, 7, and 8

● On-line content for Week 3

Assignment:

E-mail the facilitator your answers to the following exercises:

● Chapter 6, exercises 6-31 and 6-35

● Chapter 7, exercises 7-16 and 7-22

● Chapter 8, exercises 8-16 and 8-17

Forum:

See the Weekly Activities page in the Week by Week for your Forum assignment.

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Please post your responses in the Forum by Friday EOD of Week 3 and post responses to your classmates by Monday EOD of Week 4.

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Week 4

Reading:

● Horngren text, Chapters 9, 10, and 11

● On-line content for Week 4

Assignment:

E-mail the facilitator your answers to the following exercises:

● Chapter 9, exercise 9-16 and problem 9-26

● Chapter 10, exercise 10-18

● Chapter 11, exercises 11-16 and 11-17

Forum:

See the Weekly Activities page in the Week by Week for your Forum assignment.

Please post your responses in the Forum by Friday EOD of Week 4 and post responses to your classmates by Monday EOD of Week 5.

Midterm Exam:

Begin work on midterm exam due by midnight on Wednesday of Week 5.

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Week 5

Reading:

● Horngren text, Chapters 14 and 15

● On-line content for Week 5

Assignment:

E-mail the facilitator your answers to the following exercises:

● Chapter 14, exercise 14-23

● Chapter 15, exercises 15-16, 15-19, 15-21, and 15-23

Forum:

See the Weekly Activities page in the Week by Week for your Forum assignment.

Please post your responses in the Forum by Friday EOD of Week 5 and post responses to your classmates by Monday EOD of Week 6.

Midterm Exam:

Complete work on midterm exam due by midnight on Wednesday of Week 5.

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Week 6

Reading:

● Horngren text, Chapters 16 and 17

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● On-line content for Week 6

Assignment:

E-mail the facilitator your answers to the following exercises:

● Chapter 16, exercises 16-18, 16-25, and 16-29 (part 1 only)

● Chapter 17, exercises 17-19, 17-20, 17-21, and 17-22

Forum:

See the Weekly Activities page in the Week by Week for your Forum assignment.

Please post your responses in the Forum by Friday EOD of Week 6 and post responses to your classmates by Monday EOD of Week 7.

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Week 7

Reading:

● Horngren text, Chapters 21 and 22

● On-line content for Week 7

Assignment:

E-mail the facilitator your answers to the following exercises:

● Chapter 21, exercises 21-17 and 21-18

● Chapter 22, exercise 22-20

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Forum:

See the Weekly Activities page in the Week by Week for your Forum assignment.

Please post your responses in the Forum by Friday EOD of Week 7 and post responses to your classmates by Monday EOD of Week 8.

Final Exam:

Begin work on final exam due by midnight on Wednesday of Week 8.

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Week 8

Reading:

● On-line content for Week 8

Forum:

Use the Forum throughout the week to ask any questions requiring further clarification and respond to other classmate questions.

Final Exam:

Complete final examination due by midnight on Wednesday of Week 8.

Evaluation:

Please take the time to complete the online course evaluation of this course located at the bottom of the content in the Week by Week. Thanks!

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