1

COST /MANAGERIAL ACCOUNTING

ACCOUNTING 3395

SECTION TBWA

SUMMER,2011

*THE LAST DAY TO DROP THIS COURSE IS TUESESDAY, JULY 19th UNDER NO CIRCUMSTANCES WILL YOU BE ALLOWED TO DROP AFTER THIS DAY.

Instructor: Lee Daniel

Office Hours: 10:30 until 12:00 M,T,W,T

Office Location: 115B McCartha

Office Telephone: 334-670-3158

334-670-3136 Departmental Secretary

334-670-3592 FAX

Email

Course Prerequisites: Accounting 2292 (Must have made at least a “C”)

Time of Class: 8:00 until 10:20 M,T,W,T

Class Location: GAB 303

Course Description: Manufacturing and distribution cost accounting, material, labor

and overhead costs in job order and process cost accounting.

These courses must be taken in sequence.

Course Objective: On completion of the course, the student should be able to:

  1. Calculate the unit cost of a product using absorption costing

and variable costing.

  1. Explain how companies accumulate and report costs using job

order costing and process costing.

  1. Explain how companies use activity-based costing to calculate product cost more accurately to compete in the global economy.
  2. Explain the importance of cost accounting information in

helping managers to carry out their functions of planning,

controlling, decision making, and evaluating performance.

  1. Explain the importance of cost behavior in making tactical

business decisions.

  1. Prepare a master budget.
  2. Explain how the measurements of quality costs relates to total quality management.
  3. Explain the ethical principles that guide the conduct of management accountants.

PURPOSE

To introduce knowledge of cost accounting concepts and practices from the viewpoint of management. To show students the importance of cost accounting information for business success in the global economy The course covers the principles conventions and concepts underlying cost accounting to help managers carry out their functions of planning, controlling, decision making, and evaluating performance. Various costing techniques and applications are covered to sharpen students’ analytical skills. BABA/BSBA Accounting major requirement.

TEXT

Kinney, Michael R. and Cecily A. Raiborn, Cost Accounting: Foundations and Evolutions,8th Edition

SUPPLEMENTS

CengageNow Access Code. ( See Homework section below.)

HOMEWORK

Homework is required in this course and counts 15% of the course grade. Homework will be done on the computer using a program called CengageNow. In order to do the homework you will need an access key. If you purchase a NEW text, the code will come with the text—it is on a piece of green cardboard approximately 5” by 7”. Do not throw it away. If you purchase a USED text, you will need to purchase the access key separately. To purchase the access key, go to the website below

Raiborn/Kinney: Cost Accounting, 8th ed:

It costs $79.99. If you have problems locating the code, or, if it doesn’t work after you get it, call me at 670-3158

COURSE OUTLINE

Chapter 1 Introduction to Cost Accounting

Chapter 2 Cost Terminology and Cost Behaviors

Chapter 17 pp.645-650 Quality Costs

Chapter 3 Predetermined Overhead Rates, Flexible Budgets

and Absorption/Variable Costing

Chapter 4 Activity- Based Management and Activity Based Costing

Chapter 5Job Order Costing

Chapter 6 Process Costing

Chapter 7Standard Costing and Variance Analysis

Chapter 8 The Master Budget

Chapter 9 Break-Even Point and Cost-Volume –Profit Analysis

Chapter 10 Relevant Information for Decision Making

Chapter 11 Allocation of Joint Cost and accounting for By- Product

/Scrap

Chapter 13 Responsibility Accounting Cost Allocation and Transfer

Pricing

Chapter 14 Performance Measurement and Performance Rewards

Chapter 15 Capital Budgeting

Chapter 18 Inventory and Production Management

GRADING

CengageNow Homework 150 points

Quizzes (in total) 300 points

Mid Term Exam 250 points

COMPREHENSIVE Final Exam 300 points

Total Points 1,000 points

Total Points Grade in Course

1000 – 900 A

899 - 800 B

799 – 700 C

699 - 600 D

Less than 600 F

DATES TO REMEMBER

First day of class June 22

Deadline for adding a course June 28

Holiday ** NO CLASSES** July 4th

*LAST DAY TO DROP* * July 19th*

Last Day of Class July 20th

FINAL EXAM July 20th

CLASSROOM ADMINISTRATION

  1. Please get to class on time. People who come in late disturb everyone else.
  2. PLAIN ‘OL CALCULATORS ARE THE ONLY MECHANICAL DEVICES ALLOWED ON EXAMS. TRANSLATING DEVICES (ELECTRONIC DICTIONARIES) ARE NOT ALLOWED. CELL PHONES ARE NOT ALLOWED
  3. If you drop this class, you will receive a grade of “DP” regardless of what your grade is at the time. A grade of “DP” will not affect your grade point average.
  4. If you are a business major, you must make at least a “C” in the course or it will have to be repeated. This is a College of Business rule, not mine.
  5. The classroom is not a lunchroom. Please do not plan on having lunch (or breakfast) in here because the noise disturbs other people. If you just have to bring a beverage in here,

please make sure it is in either a can or a bottle. Drinks that are in a cup full of ice

make a lot of noise, so please don’t bring either ice cups or food in here.

  1. You are not required to take any of the quizzes or the mid term exam.They are all optional. The only thing you must take is the final exam. If you do not take one of the quizzes and/or the mid term, the grade you make on the final exam will be your grade for the quiz or exam that was missed. Keeping in mind that the mid term exam is optional, if you do choose to take it and do poorly, don’t ask if

we can “forget” about that grade and let the final count extra. The answer to that

question is NO. THERE IS NO SUCH THING AS A MAKE UP QUIZ OR

EXAM.

  1. There is no such thing as extra credit in this course

ADDITIONAL SERVICES

AMERICANS WITH DISABILITIES ACT

TroyUniversity supports Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, which insure that postsecondary students with disabilities have equal access to all academic programs, physical access to all buildings, facilities and events, and are not discriminated against on the basis of disability. Eligible students, with appropriate documentation, will be provided equal opportunity to demonstrate their academic skills and potential through the provision of academic adaptations and reasonable accommodations. Further information, including appropriate contact information, can be found at the link for TroyUniversity’s Office of Human Resources at

CELL PHONE AND OTHER ELECTRONIC DEVICE

Use of any electronic devise by students in the instructional environment is prohibited unless explicitly approved on a case-by-case basis by the instructor of record or by the Office of Disability Services in collaboration with the instructor. Cellular phones, pagers, and other communication devices may be used for emergencies, however, but sending or receiving non-emergency messages is forbidden by the University. Particularly, use of a communication device to violate the TroyUniversity “Standards of Conduct” will result in appropriate disciplinary action (See the Oracle.)

In order to receive emergency messages from the University or family members, the call receipt indicator on devices must be in the vibration mode or other unobtrusive mode of indication. Students receiving calls that they believe to be emergency calls must answer quietly without disturbing the teaching environment. If the call is an emergency, they must move unobtrusively and quietly from the instructional area and notify the instructor as soon as reasonably possible. Students who are expecting an emergency call should inform the instructor before the start of the instructional period.

ATTENDANCE POLICY

Attendance will be taken at each class meeting, but will not count any part of the course grade.

INCOMPLETE WORK POLICY

The only time this policy is needed is if you don’t show up for the final exam. If you don’t take the final exam, regardless of the reason, you will receive an “F” in the course rather than an Incomplete. However, when you do take the final exam, the “F” will be changed to whatever grade you made.

NOTE: If you do not take the final exam, regardless of the reason, you will be given a make-up exam that is considerably more difficult than the original final. If you know in advance that you will have to miss the final exam, you may, if you wish take it early.

CHEATING POLICY

The cheating policy is very simple. If you are caught cheating, you FLUNK THE ENTIRE COURSE. There is no such thing as a second chance. Cheating is cheating, whether it is “just a quiz”, the final exam, or anything in between.

OTHER INFORMATION

Over the years, many students have done poorly in this course because they didn’t read the syllabus and therefore didn’t know the rules. For example, some students didn’t know that the final exam was comprehensive. Other students didn’t know that they were allowed to use calculators on the quizzes and exams. In an attempt to motivate you to read this syllabus, all of the quizzes and exams will contain at least one question from this syllabus.

MAKE UP EXAMS/QUIZZES

Good excuse, bad excuse, or no excuse at all, THERE IS NO SUCH THING AS A MAKE UP EXAM OR QUIZ. If you don’t take one of the quizzes or the mid term exam, regardless of the reason, the grade you make on the final exam will be your grade for the quiz or exam that was missed.

TroyUniversity Mission Statement: TroyUniversity is a public institution comprised of a network of campuses throughout Alabama and worldwide. International in scope, TroyUniversity provides a variety of educational programs at the undergraduate and graduate levels for a diverse student body in traditional, non-traditional and electronic

formats. Academic programs are supported by a variety of student services which promote the welfare of the individual student. TroyUniversity’s dedicated faculty and staff promote discovery and exploration of knowledge and its application to lifelong success through effective teaching, service creative partnerships, scholarship and research.

SCOB Mission Statement: Through operations that span the State of Alabama, the United States, and the world, the Sorrell College of Business equips our students with the knowledge, skills, abilities and competencies to become organizational and community leaders who make a difference in the global village and global economy. Through this endeavor, we serve students, employers, faculty, and TroyUniversity at large as well as the local and global communities.

SCOBVisionStatement: SorrellCollege of Business will be the first choice for higher business education students in their quest to succeed in a dynamic and global economy. Sorrell College of Business will create the model for 21st century business education and community service.

School of Accountancy Mission Statement: The mission of the School of Accountancy

is to advance the accounting profession by providing quality accounting education to both undergraduate and graduate students, publishing quality research and providing service to the professional community. We prepare students for successful careers with increasing professional and managerial responsibility in public accounting as well as government and industry and prepare undergraduate students for admission to graduate programs in accounting and business.