ACCOUNTING 3351
COST ACCOUNTING PRACTICE
FALL 2007
Dr. Robin Radtke
JU 315 (772)873-3377
Office Hours: Monday & Wednesday 10:00 a.m – 12:00 p.m. and by appointment
Required TextsCases in Management Accounting and Control Systems, Fourth Edition, Allen, Brownlee, Haskins, and Lynch
Cost Accounting – A Managerial Emphasis, 12th Edition,
Horngren, Datar and Foster
PrerequisiteACG 3341 or an equivalent
Course ObjectiveThis course is designed to expand upon the principles of management accounting learned in ACG3341. As such, we will explore more complex decision analyses, which will often stress the importance of thinking beyond the numbers. We will specifically focus on the following topics: understanding cost behavior, activity-based costing, variance analysis, budgeting, the balanced scorecard, transfer pricing, and performance measurement. Collectively, this analysis should provide a broad basis for understanding the comprehensive role of management accounting.
Class GradingGrades for the course will be assigned based on the following weighting for course requirements:
Points
Group Cases 150
Individual Assignments 100
Midterm Exam 100
Final Exam 150
Attendance/Participation 50
Total 550
Total Points EarnedGrade
495-550 A
440-494 B
385-439 C
330-384 D
Below 330 F
Group CasesWe will be forming groups of 3 or 4 to work on case assignments during
thesemester. Each group is responsible for handing in their written
analysis of each case. The cases will be graded on both form and
substance – how you present your answer and whether your answer is
correct. Each week 2 or 3 groups will also be asked to discuss their case
analyses during class. We will be completing 7 cases during the course of
the semester; I will count your best 6 case scores (25 points possible for
each case). Please note that the professor reserves the right to reorganize
any groups that are clearly dysfunctional.
IndividualEach student will complete 4 individual assignments during the semester.
AssignmentsThese may include problems from the textbook, written analysis of
additional course readings, or computer based assignments. These
assignments will be made available as we cover the related material.
Attendance/Students should be aware that since attendance and participation constitute
Participationa significant portion of the course grade, I expect students to be in class on
a regular basis and to participate in the vast majority of discussions.
Religious HolidaysA student who intends to observe a religious holy day should make that
intention known to the instructor prior to the absence. A student who is
absent from classes for the observance of a religious holy day shall be
allowed to take an examination or complete an assignment scheduled for
that day within a reasonable time after the absence.
ChangesAny changes in assignments or due dates will be announced in class. It is
the responsibility of each student to attend class and become aware of such
changes.
School of Accounting policies are available at the following website:
Please familiarize yourself with these policies.
Class Schedule
DateMaterial
August
27MCourse Introduction & Breezy Boat Company
29WReview of basic cost accounting concepts
September
3MLABOR DAY
5WReview of Chapters 6, 7 & 8: Budgeting and Variances
10M
12W
17MGiberson’s Glass Studio
19WChapter 11: Relevant Costing
24MThe Craddock Cup
26WChapter 9: Inventory Costing and Capacity Analysis
October
1M
3WChapter 20: JIT
8MChapters 17 & 18: Process Costing and Spoilage
10W
15MMIDTERM EXAM
17WChapter 5: ABC
22MBreeden Electronics (A), (B), & (C)
24WChapters 15 & 16: Cost Allocation Issues
29MWendy’s Chili: A Costing Conundrum
31WChapter 12 & 14: Pricing and Profitability
November
5M
7WBellaire Clinical Labs (A) & (B)
12MVETERAN’S DAY
14WChapters 13 & 19: Balanced Scorecard
19M
21WMaverick Lodging
26MChapter 22: Transfer Pricing
28W
December
3MLynchburg Foundry: The Ductile Dilemma
5WReview
7FFINAL EXAM1:15 – 3:45 p.m.