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COURSE NUMBER AND TITLE: AC-1163 Cost Accounting I
ACADEMIC CREDITS AWARDED: 4.0
COURSE PREREQUISITE(S): None
INSTRUCTOR NAME: Thomas E. Mellott
INSTRUCTOR CONTACT INFORMATION: (614) 456-3017
tmellott@teceducation.com
5:30 PM to 10:30 PM Tues/Weds |
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| START DATE OF COURSE: END DATE:
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COURSE DESCRIPTION:
This course is an introduction to more advanced and complex accounting
situations. Managerial Accounting analyzes manufacturing, job order
cost systems, and process cost systems. |
INSTRUCTIONAL CONTACT HOURS:
Class Meets:
Tuesday 6:30 PM - 9:30 PM |
Lecture Hours: 40
Lab Hours: 0
Total Course Hours: 40 |
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| LEARNING OBJECTIVES: |
| Upon successful completion of the course the
student should be able to... |
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Distinguish between management and financial accounting. |
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Compare accounting for inventories and COGS between
service, manufacturing, and merchandising businesses. |
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Define and compute product cost and unit cost. |
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Describe Materials Inventory, WIP Inventory, and
Finished Goods Inventory. |
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Explain job order and process costing. |
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Prepare a job cost card and calculate product
unit cost. |
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Define and discuss activity based costing and
just in time operating philosophy. |
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TEXTBOOK(S), INSTRUCTIONAL MATERIALS AND REFERENCES:
Principles of Accounting, 8th edition, by Needles, Powers,
and Crosson, Houghton Mifflin Co 2002
Working Papers Volume II
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TEACHING STRATEGIES AND LEARNING ACTIVITIES:
Strategies and Activities: Each individual instructor may have a different
style of presenting information: therefore students should be prepared
to participate in the following teaching strategies:
Lecture, Board Work, Demonstration, Lab Activity, Classroom Exercises,
Discussion, Practice Questions, Examinations, Reading Assignments
for Homework, Field Trips, Guest Lectures, Group Projects, Simulation
and Oral Presentations. |
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| Equipment: none |
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| COURSE OUTLINE*: |
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Week
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Subject |
Chapters Assignments & Labs |
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1
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Ch 19 A Manager's Perspective |
SE1,SE2 SE5,SE6 |
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2
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Ch 19 A Manager's Perspective |
P1,P2, P4,P5 |
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3
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Exam
Ch 20 Cost Concepts and Cost Allocation
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SE1-SE4, SE5-SE9,E1,E2,E4 |
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4
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Ch 20 Cost Concepts and Cost Allocation |
E5-E8, P1,P2,P3,P4,P5,P6,P6,P7,P8 |
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5
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Exam
Ch 21 Costing Systems
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SE5,SE6,SE7,SE8,SE9,E1,E4,E5 |
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6
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Ch 21 Costing Systems |
P1,P2,P4,P6,P7,P8 |
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7
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Exam |
Exam |
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8
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Ch 23 Cost Behavior Analysis |
SE1 - SE10 |
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9
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Ch 23 Cost Behavior Analysis |
E1,E2,E3,E5,E6,P1 |
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10
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FINAL EXAM |
FINAL EXAM |
| *The instructor reserves the right to alter or
adjust the schedule as time or circumstances dictate. This includes
but is not limited to assignments or in class plans. |
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REQUIREMENTS FOR THE SUCCESSFUL COMPLETION
OF THE COURSE:
Attendance: |
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Students who are absent from College twenty-one
(21) consecutive calendar days (excluding scheduled breaks)
will be dismissed from the program. |
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If students start a course late, time missed becomes
part of the twenty-one consecutive calendar days. |
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Students dismissed due to lack of attendance may
be readmitted only at the discretion of the Executive Director,
and no sooner than the beginning of the next grading period. |
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Students may appeal to the Executive Director
if they feel an error has been made in their attendance calculation. |
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Students arriving late for class or leaving early
are considered tardy. Tardiness is a disruption of a good learning
environment and is discouraged. Students are expected to attend
every class on time. |
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Students who are not in attendance for at least
50% of any scheduled class will be considered absent for that
class. |
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Continued excessive tardiness in any class could
lead to disciplinary action up to and including expulsion from
that class. |
| Knowledge and Skills: |
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Students must demonstrate competency in all lab
work and skills required for the course. |
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All assignments must be completed and turned in
on time. |
| Make-up Standards: |
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Students are expected to attend every class on
time. |
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Students are responsible to learn the material
covered while absent and see that all missed work is made up
in compliance with the College guidelines. |
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Hours of make-up work cannot be accepted as hours
of class attendance |
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It is the responsibility of the student to complete
missed class work. |
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Any student absent on a test date may be given
a make-up exam and earn 100% credit, ONLY if they submit documentation
of an illness, doctor's visit, mandatory business appointment,
jury duty, etc. (on appropriate letterhead). |
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Students who do not submit appropriate documentation
will not be permitted to take a make-up examination and the
score will be recorded as a zero (0). |
| Make-up Examination Times: |
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Make-up examination times are to be scheduled
with the instructor. |
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Instructor is available during the following
days and times: |
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Monday 5:00 PM |
| Required Study Time: |
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Outside study, apart from regular classroom work,
is required to successfully complete the required course assignments. |
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The amount of time will vary according to the individual student's
abilities. |
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All assignments must be turned in at the designated
time. |
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Students are responsible for reading any study
materials issued by their instructors. |
| Tutoring: |
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Students who need extra assistance because of
academic difficulties may arrange for tutoring through their
instructors. |
| Policies: |
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Headgear is not allowed on while in the classroom,
except for religious purposes. Documentation must be provided. |
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Headgear includes hats, skullcaps, do-rags, headbands,
scarves, earphones, cell phone earplugs, or anything else that
may cover the head. |
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NO eating or drinking permitted in the classrooms
or the hallways. This includes ALL lecture and computer lab
classrooms. |
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Eating and drinking is permitted ONLY in the student
break room and outside |
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For all additional policies, please refer to the catalog under
student information and services, academic standards and academic
information. |
| Safety Rules: |
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You must be dressed appropriately for the classroom
and lab. |
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You must follow ALL Directions given by your instructor. |
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METHOD OF EVALUATING STUDENTS:
Students will be graded based on the following formula: |
| % Of Grade |
Grade Component |
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10%
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Attendance |
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60%
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Lab Assignments / Exercises |
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20%
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Exams / Performance Evaluations |
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10%
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Final Exam |
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100%
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Course Grade |
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| Grading Scale: |
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Percent
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GPA
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Letter
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95 - 100
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4.0
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A
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90 - 94
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3.75
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A-
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85 - 89
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3.5
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B+
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80 - 84
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3.0
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B
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75 - 79
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2.5
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C+
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70 - 74
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2.0
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C
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65 - 69
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1.5
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D+
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60 - 64
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1.0
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D
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0 - 59
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0.0
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F
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INSTRUCTOR POLICIES: None
DATE SYLLABUS WAS LAT REVIEWED / EDITED / UPDATED:
3/17/04 by Thomas E. Mellott - Accounting Instructor
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