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									                           Louisiana Tech University
                      Managerial Cost Accounting (ACCT 308)
                                   Spring 2012


Instructor: Dr. Andrea R. Drake
Office: 125A College of Business
Office Hours: MW: 12:30 – 2:00 pm; H: 10:30 am – 5:30 pm
Office Phone: (318) 257-4378
E-mail: adrake@latech.edu

Class Time and Location: MW 2:00 – 3:50 pm in 202 BUS (COB)
Moodle Website: ACCT 308 001 – Spring 2012
Textbook (required): Cost Management: Measuring, Monitoring and Motivating
Performance, 2nd edition, by Leslie G. Eldenburg and Susan K. Wolcott. 2011. John
Wiley and Sons.
Ramblewood Practice set (required): PKL Software, Inc. http://www.pklsoftware.com
Simple, non-programmable calculator is required for exams

Course Objectives and Content

This primary focus of this course is on the use of internally generated information to
operate, monitor and control business processes. Students will learn specific
techniques for analyzing financial and non-financial accounting information to make
effective decisions in a variety of settings. Topics covered include advanced cost-
volume-profit analysis, non-routine operating decisions, and the development of cost
estimation functions. We will also discuss how to implement and analyze various
costing methods, including job-order, variable, absorption, and activity based cost
systems. Throughout the course, the development of critical thinking skills will be
fostered by having students apply problem solving techniques in increasingly complex
contexts. In particular, we will focus on situations involving uncertainty, ethical
dilemmas, and the absence of one “correct” answer.

Class Sessions

Each class session will consist of an integration of lecture, problem solving and class
discussion. You do not need to bring the textbook to regular class sessions, but you
may want to have it on days when in-class group problem sets are scheduled. Please
print out and bring the course notes for each chapter contained on the Moodle
site under “course notes.” The attached outline lists the chapter(s) we will cover
each week.
During most class sessions you will have an opportunity to solve problems on your own
or in a small group to which you will be assigned. These problems are intended to help
you do homework assignments and to give you examples of potential exam questions.



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Please feel free to ask questions at any time during class! Everyone benefits from
lively class discussions - please participate!

The use of cell phones or other communication devices is prohibited during class time.
Class lectures and activities may not be electronically recorded in any format.

Grading:

Your course grade will depend on your total score for the following items. The point
distribution is as follows:
                                               Maximum points possible
        In-class group problems                         80 points
        Ramblewood Assignments                          75 points
        Midterm Exam 1 – Monday, March 26              150 points
        Midterm Exam 2 – Wednesday, April 18           150 points
        Midterm Exam 3 – Monday, May 14                150 points
                Total                                  605 points

Final course grades will be determined based on the percentage of total points earned.
The following scale will be applied.

             90% and above:       A
             80% - 89%:           B
             70% - 79%:           C
             60% - 69%:           D
             Below 60%:           F

Group Problems

There will be five 20 point problem sets given in class throughout the term, and your
four highest scores will count toward your grade. You will be randomly assigned to a
group that you will work with throughout the term. On selected class days, you will work
with your assigned group to answer questions and complete problems related to
recently covered material. The format will be a set of questions similar to what you
might expect on the midterms. You may also be asked questions related to the
Ramblewood Practice Set. Each group will turn in one solution, and all group members
who were present will receive the same number of points for that set. If you are absent
for a group problem set, you will not receive credit for it. Also, if you are more
than 10 minutes late from when we begin the group problem set, you will not
receive credit. The purpose of these problems is to help ALL group members learn the
material. If you are confident that you understand how to do a particular problem, help
your fellow group members understand it as well. Similarly, if you don’t understand how
to do something on a group problem, ask for help.



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The dates of the group problems are as follows:

             Group Problem 1     Wednesday, March 21
             Group Problem 2     Wednesday, April 4
             Group Problem 3     Monday, April 16
             Group Problem 4     Monday, April 30
             Group Problem 5     Wednesday, May 9

Homework

Reading and textbook homework problem assignments are contained in the attached
course outline. Homework will not be collected, but it is suggested that you complete
the assigned problems by the end of the week in which they are assigned or soon after
we cover the related material in class. Students should use Microsoft Excel whenever
possible and hints on how to develop and use spreadsheets effectively will be given
throughout the course. Using Excel to solve relevant homework problems will
significantly increase your proficiency in the use of spreadsheet software, which is a
critical skill in today’s job market.

As time permits, we will go over questions related to assigned homework problems.
Detailed solutions to the homework problems will be posted to the Moodle website. Use
the solutions as a learning tool by trying the problems on your own first, and then
referring to the solutions when you get stuck or to check your answer. Please DO NOT
simply read over the solutions and/or copy them. This will hinder your learning how to
solve problems on your own without “hints.” In general, homework problems are for
your benefit and doing them on your own (or in a small group) will greatly improve your
exam scores.




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Ramblewood Practice Set

Throughout the term we will be working with a comprehensive, web-based practice set
that can be purchased through PKL software. Follow the directions on the handout
entitled “To Purchase the Ramblewood Practice Set” to purchase and obtain a
registration code. The cost is $19.95. There will be five assignments (i.e. modules),
each worth 15 points. Specific instructions and “hints” for each assignment will be
discussed in class and/or posted on Moodle. For each Module, you will need to turn in
a printed copy of the “Trial Balance” at the beginning of class on the due date. The due
dates are as follows:

Module 1:   Wednesday, March 21
Module 2:   Wednesday, April 4
Module 3:   Wednesday, April 11
Module 4:   Wednesday, April 25
Module 5:   Wednesday, May 2

Everyone will be responsible for completing their own Ramblewood project modules.
However, you will be assigned to a group so you can help each other. All group
members will receive the average score of the group, after dropping the lowest score
within the group. For example, if a group of four students has scores of 10, 15, 12, & 14
on Module 1, all four group members would receive a score of 13.67( (15 + 14 + 12)/3).
If a group member does not turn in a module on time, or does not complete at least half
of the module, he/she will receive a 0 for that module. That member’s “0” will not be
used in calculating the group’s average score. NOTE: You must correct any
mistakes in previous modules before you can move on to subsequent modules.
If your “check figures” are not correct, print out your journal and work with your
team to identify the error, reverse any incorrect entries and make corrections.

Exams

All exams will consist of a mix of problems, true/false, multiple-choice and essay
questions. There will be a combination of both conceptual and calculation type
questions. Essay questions will comprise 10 – 20% of all exams such that at least 10%
of your overall grade will be based on effective writing skills. Note: Midterm exam 1 will
cover all material covered through Wednesday, March 21. Midterm 2 will include
primarily material covered from Wednesday, March 28 through Monday, April 16.
However, selected topics from the first part of the course may be included and you will
be informed of these topics at least one week prior to the exam. Similarly, Midterm 3
will include primarily material covered from April 23 through May 9, plus selected topics
from earlier in the course.

Students will not be allowed to use notes or other class materials during any of the
exams. A basic calculator and pencil(s) are the only materials you may use during



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exams. Note: no cell phones, PDA’s or programmable calculators will be allowed
during exams. If you have a problem with any of the exam dates, please see me as
soon as possible. In general, I do not give make-up exams. However, serious (and
documented) emergencies will be dealt with on a case-by-case basis. Note:
Vacations, interviews, and work schedule conflicts do not count as "emergencies."
Cheating, in any form, on any examination will result in a grade of F for the
course.

In accordance with the Academic Honor Code, students pledge the following: “Being a
student of higher standards, I pledge to embody the principles of academic integrity.”

Students needing testing or classroom accommodations based on a disability are
encouraged to discuss those needs with me as soon as possible.

Class Continuance During Emergency Closure of the University

In the unlikely occurrence of a major natural disaster or other catastrophic
event, we will continue to conduct class via Moodle. You will need to
find a location where you have computer access, and we will continue with
our class through this media. Go to the website: http://www.moodle.latech.edu for
instructions should a catastrophic event occur.

The last day to drop the class and receive a “W” is Friday, April 27.




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                             Managerial Cost Accounting
                                   Spring 2012
                                  Course Outline

Listed below are the reading and problem assignments for each week. We will cover
chapters roughly in the order listed. It is recommended that you do the reading before
class and the related homework problems soon after we cover the topic in class.
NOTE: this outline is subject to change. Any content additions or deletions will
be announced in class and/or posted to the Moodle website.

       Week            Reading Assignment        Homework Problems, Group Problems,
                                                   Ramblewood and Exam Schedule

                      Textbook: Chapter 1,       1.18, 1.43
      Week 1          p. 2 – 23
      March 7                                    Article questions for discussion on
     Chapter 1        “Iridium” article          Monday, March 12 (in course notes)
                      “Ethics” articles
      Week 2                                     2.28, 2.29, 2.31, 2.32
                      Textbook: Chapter 2,       2.34, 3.22, 3.23
   March 12, 14       p. 38 – 62
 Chapters 2 and 3     Textbook: Chapter 3,       Bring the Introduction and Module 1 for
                      p. 88-107                  Ramblewood on Wednesday, 3/14

      Week 3                                     3.29, 3.35
   March 19, 21                                  Group Problem 1 – Wednesday, 3/21
 Chapters 3 and 4                                Rwood – Mod. 1 – Wednesday, 3/21

      Week 4          Textbook: Chapter 4,
                      p. 128 – 155,              Midterm 1 – Monday, 3/26
   March 26, 28       including Appendix         4.16, 4.23, 4.24, 4.36
     Chapter 4        4A)

      Week 5                                     Group problem 2 – Wednesday, 4/4
                      Textbook: Chapter 5,
      April 2, 4      p. 176 - 197               Rwood – Mod. 2 – Wednesday, 4/4
     Chapter 5
                                                 5.18, 5.19, 5.26, 5.31, 5.32




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                                              No Class Monday, April 9
                   Textbook: Chapter 7,
    Week 6         p. 256-282                 Rwood Mod. 3 – Wednesday, 4/11
   April 9, 11
   Chapter 7       Textbook: Chapter 8,       7.17, 7.20, 7.21
                   p. 300-321                 Q8.1, Q8.2, Q8.7, Q8.13
                                              E8.22, E8.23, E8.26

                                              Group problem 3 – Monday, 4/16
    Week 7                                    Midterm 2 – Wednesday, 4/18
  April 16, 18
   Chapter 8

                   Textbook: Chapter 9,
    Week 8         p. 342-358                 Rwood Mod. 4 – Wednesday, 4/25
  April 23, 25                                Q9.3, Q9.14, E9.21, E9.23, E9.24



                   Textbook: Chapter          Q10.3, E10.27, E10.29, E10.32
    Week 9         10, p. 376-396
 April 30, May 2                              Group Problem 4 – Monday, 4/30
Chapters 9 & 10                               Rwood Mod 5 – Wednesday, 5/2


                   Textbook: Chapter          E11.23, E11.21
    Week 10        11, p. 414-438             E14.20, E14.22
    May 7, 9       Chapter 14, p. 548-
Chapters 11 & 14   565                        Group Problem 5 – Wednesday, 5/9



                                              Midterm Exam 3 – Monday, 5/14
    Week 11
  May 14, 16                                  Course Wrap-up – Wednesday 5/16




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