Cost Accounting ACC 307
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This 9 page Class Notes was uploaded by Gerda Pacocha on Saturday October 3, 2015. The Class Notes belongs to ACC 307 at California State Polytechnic University taught by Anwar Salimi in Fall. Since its upload, it has received 16 views. For similar materials see /class/218384/acc-307-california-state-polytechnic-university in Accounting at California State Polytechnic University.
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Date Created: 10/03/15
Professor Offlce CALIFORNIA STATE POLYTECHNIC UNIVERSITY POMONA College of Business Administration Accounting Department Accounting 307 SYLLABUS Winter 2011 Dr Anwar Y Salimi PhD CMA Building 94 Room 263 Of ce Hours MW 1230 2 PM Tu 1230 230 PM Telephone E mail 909 869 2383 aysalimicsupomonaedu Course Prerequisite ACC 304 with a grade of C or better II RE QUIRED TEXTBOOK Students are expected to have a copy of the following textbook in their possession at all times for their weekly readings and problem solving Please bring your textbook with you to every class Cost Accounting 13th Edition Horngren Datar Foster Rajan and Ittner Pearson Prentice Hall Publishing 2009 Publisher s web site httpwpsprenhallcombpihorngrenicostil3 COURSE OBJECTIVE The primary objective of this course is to teach students the lndamentals of cost accounting Although Accounting students are required to enroll in ACC 307 students in all areas of business administration could bene t from this course since costing and pricing considerations are useful for decision making in all aspects of business management including accounting nance marketing CIS human resources and notforpro t operations As an example product costing not only bene ts nancial reporting it also helps managers in their decisions involving inventory management pricing products and services Marketing strategies operational budgeting and control within the organization The major topics of discussion in this course include The Accountant s Role in the Organization An Introduction to Cost Terms and Purposes Job Costing ActivityBased Costing and ActivityBased management Master Budget and Responsibility Accounting Flexible Budget DirectCost Variances and Management Control Determining how Costs Behave Decision Making and Relevant Information 908994P N 1 III IV CLASS CONDUCT Our weekly meetings will include lecture on the major chapter topics and review of homework assigned to students Since class time is limited I may have to focus on topics that are more dif cult and demand explanations or clari cations A part of our weekly meeting will be devoted to the presentation of homework assignments by groups of students It is essential that you read each chapter and complete the homework assignments prior to these presentations Take notes during your reading on areas you want clari ed and discuss them in class with students who are presenting the assignments Remember that class participation is essential for learning cost accounting material EVALUATION Your performance in this class will be evaluated on the basis of the following activities Points 1 Online Homework Assignments 73 2 Group Homework Presentations 17 3 Group Research Project 20 4 Midterm Examinations 100 5 Final Examination Total 300 I will use the following scale for determining your course grade Percent Total Points Course Grade 90100 270Up A 89899 267269 A 87 889 261266 B 80869 240260 B 79799 237239 B 77 789 231236 C 70769 210230 C 69699 207209 C 67 689 201206 D 60669 180200 D 59599 177179 D Online Homework Assignments Students in this class will be responsible to register for and use an online homework management system The name of this system is MyAccountingLab an interactive electronic learning environment where students can practice cost accounting topics at their own pace and measure their progress Your online homework assignments along with their due dates will be as follows Cha ter I N0 of I Date Available I Date Due I Total Points 2 N Note Once a due date has passed you will not be allowed to complete the assignments or submit your late work No late assignments is included in the total points by the software regardless of the reason So start early and do not wait until the due dates Steps to follow in order to complete the assignments Step 1 Obtain a MyAccountingLab access code You can do this in 2 ways a Buy a new textbook Cost Accounting 13Lh edition with the access code that is shrinkwrapped with the book b Or buy a new or used textbook Cost Accounting 133911 edition and buy MyAccountingLab access code from the publisher s website wwwmyaccountinglabcom Step 2 Once you have obtained your Access Code login to MyAccountingLab by rst entering the Course ID and then using your Access Code to register as a student Group Homework Presentations In addition to individual homework this course relies also on groupwork dynamics To apply this approach during the rst week of classes we will form groups of 36 members You may choose your own group members or if necessary I will select them for you Each group will be responsible to present the problems which I will assign to your group Being absent on the day your group presentation is scheduled is not an acceptable excuse to not participate Write the phone number andor email address of your group members If you are absent it is your responsibility to check with your group members to nd out about your group assignments Everyone in the group is responsible to participate in solving and presenting every problem assigned to the group Failure to attend class on the date of your scheduled presentation or if you do not take an active role in the presentation will result in a grade of zero for that presentation All members of the team must demonstrate their preparation in each and every presentation Group Research Project You will also be responsible to work on a research project thatI have assigned to your group see the page titled Group Writing Assignment attached This is a formal writing assignment that must be free of plagiarism prepared in Microsoft Word doublespaced spell grammar checked and written using proper form and style Make sure that all members of the group participate equally in the research preparation and writing of this project The paper will be graded on the basis of originality content and grammar 5amp6 Here are some guidelines for completing your research a Research the following information for your assigned company The names of its founders background history main products or services major events in uencing the company s operations any new products or services what factors impact the cost of the company s products or services the effects of major lawsuits on the company s operations current political and economic events that may affect the company s operations financial performance over the past three to five years short and longterm plans expectations of future performance major competitors etc Also look for similar information about the industry You may find the above information on the following sites Yahoo MSN Google Alta Vista or other Internet sites b Explain whether the company is using job costing or process costing Remember that some companies may use a combination of the two costing systems c Review the advantages and disadvantages of Activity Based Costing in the textbook Explain whether your company will benefit from the use of ABC costing What advantages and disadvantages do you find with the application of ABC costing in this company Describe both the Activity Based Costing and Activity Based Management d Explain the main components of the company s operations Is this a manufacturing merchandising or service company What are the main raw materials used by the company Explain whether your company is a good candidate for standard costing Describe the benefits of standard costing to your company from the standpoint of pricing products or services performance evaluation and financial reporting e Your writing should be original and free from plagiarism If you find useful information in an article or web site and you use it in some form in your paper indicate where you got the information from by using quotations and proper referencing Refer to the University Catalog s section on Academic Honesty Changing some words in a passage from another source and not quoting that source amounts to plagiarism It is extremely simple to avoid a charge of plagiarism the liberal use of quotation marks and citations Use of reference material and citations are expected in a research paper f Your group report should include 612 pages of formal writing prepared by all members of the grou g The report should be divided into appropriate sections by using proper headings e g Introduction History Products or Services Financial Performance Analysis Expectations of Future Performance Conclusion The final copy of the report should have page numbers with a Table of Contents and Bibliography A formal hard copy of the report is due to me on March 9 2011 the last day of this class with no exceptions Also on the same date an electronic copy should be submitted to a website that will be posted to Blackboard For help with your writing you may want to contact the University Writing Center at 9098695343 Group Research Presentation Your group has been scheduled to present the main findings of this project during the last week of classes Make sure to use some visual aids such as PowerPoint slides video or sound for this presentation All members of the group must contribute and be present for this presentation Examinations Exams are to be taken closedbooks notes and may include a combination of TrueFalse Multiple 4 VI Choice Problems and Essay Questions Exams must be taken at their scheduled times unless arrangements have been made with me prior to the exam dates Such arrangements can only be made under extreme circumstances eg documented medical reasons Failure to take the exams on the scheduled dates will result in a grade of F Note Cell phones and computers must be turned off during the exams USEFULL TIPS 1 Attendance and Participation Attend class regularly and be on time Class attendance and participation are critical for an indepth understanding of accounting concepts Participation includes asking questions to clarify my lecture or to understand how homework is done by students who present them Keep in mind that attendance is not the same as class participation 2 Preparation You should use your group members intellectual resources to prepare responses to the homework problems catch up on class work when forced to be absent from class or review for exams This should provide you with a network that you can contribute to as well as to call upon when needed 2 Cheating In order to maintain academic integrity and fairness students found cheating will receive a grade of quotFquot for the course In addition they will be reported to the appropriate University unit or official for possible academic and administrative actions Note Looking at other students work during the exam will be construed as cheating DROP POLICY The University follows a set of strict drop policy which must be observed by all students The following rules will be enforced throughout this course E Fquot 0 3 1 Courses dropped during the first 5 days of the quarter will not appear on the student39s permanent record This includes all names of students who are dropped as quotno shows by action of the instructor Students may not drop courses after the first 15 days of instruction each quarter except for serious and compelling reasons Any drop after the 15th day of instruction must be accompanied by a petition signed by the instructor student39s major department chair and student s major dean Courses may not be dropped during the final 3 weeks of instruction except in instances of accident or serious illness which normally involve complete withdrawal from the University All drop transactions occurring during the final 15 days of instruction must be accompanied by a Petition to Drop properly signed by the instructor student39s major department chair and student39s major college dean Drop Petitions will not be accepted after the last day of instruction of the quarter ACCOUNTING 307 VII CLASS SCHEDULE Introduction amp Research Project Groups 2 4 6 8 Research Project Groups 1 3 5 7 Note This is a tentative schedule Revisions may be made in class when necessary It is your responsibility to be informed of the changes that may occur Exercises amp Problems in BOLD are EXCEL assignments and are available for downloads from the httpwpsprenhallcombpihomgrenicostil3 ACCOUNTING 307 GROUP PRESENTATIONS Subject to Change Group Ch 1 amp 2 Ch 4 Ch 5 Ch 6 Ch 7 Ch 10 Ch 11 Jan 10 Jan 17 Jan 26 Feb 2 Feb 9 Feb 21 Feb 28 1 117 438 537 633 723 1017 1118 2 122 437 538 621 718 1018 1119 3 126 436 516 628 72627 1023 1120 4 130 433 529 627 736 1028 1126 5 228 421 536 638 739 1020 1127 6 229 420 532 637 743 1021 1129 7 234 418 540 622 731 1022 1131 8 237 416 533 623 733 1024 1132 Note 1 Prepare a reasonable number of presentation slides for each problem 3 Use a minimum of 28 Font Blue background with yellow writing is best 4 No more than seven lines per screen and no more than seven words per line 5 do not read the slides explain them Students can read for themselves 6 Always use Ariel or Times New Roman 7 Each member of the group must be present and actively participate in each presentation Group ACCOUNTING 307 Group Research Projects COMPANY Tyson Foods Corporation Morgan Stanley Abercrombie and Fitch Procter amp Gamble Comcast Corporation Humana Emerson Electric Lowes Companies
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