ACCOUNTING 3341
COST ACCOUNTING
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 Text: Cost Accounting – A Managerial Emphasis, 12th Edition,
Horngren, Datar and Foster
Course Prerequisite: 6 semester hours of Accounting Principles
Course Objectives: A) Mastery of Managerial Accounting Principles This course is designed to expand upon the principles learned in ACG 2071. Because the material in ACG 3341 builds upon that material, you are expected to have an understanding of the following areas: cost behavior patterns, job order costing (one department), weighted average process costing (one department), standard costing for materials, labor and overhead, variable costing, and budgeting. B) Understanding of Current Topics Additionally, you will be introduced to cost analysis and management in contemporary environments. C) Professional Development Finally, this will begin your preparation for the CMA examination and managerial questions on the CPA examination.
Class Grading: Grades for the course will be assigned based on the following points and grading scale:
Course Requirements Points
Exam I 150
Exam II 150
On-line Quizzes 25
Computer Problems 100
Cumulative Final Exam 225
Total available points 650
Total Points Earned Grade
585-650 A
520-584 B
455-519 C
390-454 D
Below 390 F
Exam Policy
Please note that there will be no make-up exams. If one of the first two exams must be missed due to official university activities, the student will be allowed to take the exam early if prior notification is provided. If you miss one of the first two exams for any other reason, the final exam will count for 375 points. If you miss both of the first two exams, you will receive a grade of 0 for one of the two exams. Exams are the property of the professor, and will be collected after they are reviewed during class. A student may review his/her exams during office hours. Please note that for exam purposes, only four function calculators are allowed (+, -, x, /, and usually memory and square root keys). If you have a question as to whether your calculator is acceptable, please ask prior to the exams.
Grading Policy for Computer Problems
Please note that no late assignments will be accepted.
Extra Credit
Extra credit is NEVER made available on an individual basis. There are NEVER any exceptions to this rule. Therefore, PLEASE DON’T ASK!
Attendance Policy
While I do not take attendance, I believe regular attendance is critical to the successful completion of the course.
Religious Holidays
A 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.
Changes
Any 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:
http://www.soa.fau.edu/policies.html
Please familiarize yourself with these policies.
Class Schedule
Date Material
August
27 M Course Introduction
29 W Chapter 1: The Accountant’s Role in the Organization
September
3 M LABOR DAY
5 W Chapter 2: An Introduction to Cost Terms and Purposes
10 M
12 W Chapter 9: Inventory Costing and Capacity Analysis (Part One only)
17 M Chapter 3: Cost-Volume-Profit Analysis
19 W Chapter 10: Determining How Costs Behave
24 M
26 W Chapter 4: Job Costing
October
1 M
3 W EXAM 1
8 M Chapter 5: Activity-Based Costing and Activity-Based Management
10 W
15 M Chapter 6: Master Budget and Responsibility Accounting
17 W
22 M Chapter 7: Flexible Budgets, Direct-Cost Variances, and Management Control
24 W
29 M
31 W Chapter 8: Overhead Variances
November
5 M
7 W EXAM 2
12 M VETERAN’S DAY
14 W Chapter 17: Process Costing
19 M
21 W Chapter 11: Decision Making and Relevant Information
26 M Chapter 15: Allocation of Support-Department Costs, Common Costs, and Revenues
28 W
December
3 M Chapter 16: Cost Allocation: Joint Products and Byproducts
5 W Review
7 F FINAL EXAM 10:30 a.m. – 1:00 p.m