Cost Accounting Horngren Study Guide by kxw17218

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									                                   ADVANCED COST ACCOUNTING 416
                                        FALL 2002 - 6:00 CLASS

Instructor: Jeanette Maier-Lytle                       Office Hours:    MW 1:30-3:00
Office: OC 3028                                                        T  5:00-6:00
Phone: (812) 464-1915                                                  R  4:15-5:15
E-mail:     jcmaier@usi.edu

COURSE DESCRIPTION
The theory and practice of cost accounting with emphasis on cost allocation, joint products, transfer pricing, segment
performance evaluation, accounting decision models and managerial accounting problems.

OBJECTIVES
1.   To provide a basic understanding of the traditional cost accounting concepts, such as cost allocations, joint
     products, transfer pricing, performance evaluation, and accounting decision-making models.
2.   To learn the “state of the art” cost management techniques, such as operation costing, backflash costing, and
     project control, just-in-time costing, activity based costing, accounting for the cost of quality, performance
     for critical success factors, and international issues.
3.   To understand the limitations of current cost accounting techniques and methodologies.
4.   To understand behavioral and ethical implications of cost accounting information.

TEXT
Required: Cost Accounting: A Managerial Emphasis, 10th Ed., Horngren, Foster, & Datar
Optional: Study Guide

ATTENDANCE
Attendance is important and expected. The instructor will keep attendance records. More than one absence is
considered excessive and will be reflected in the final grade.

HOMEWORK/GROUP ASSIGNMENT
Homework problems for the assigned chapters should be worked prior to coming to class. Although you may not
arrive at a satisfactory solution, the thought process you go through in solving the problems will enhance your
understanding when they are covered in class. Group assignments will include the analysis and presentation of the
solution for a collaborative learning problem.

QUIZZES
Quizzes will be given at the end of the assigned chapters.

TESTS
Tests must be taken at the time scheduled. No make-up exams will be given. Unexcused absences from an exam
will result in a grade of zero for that exam. Any points relative to an excused absence will be carried over to the
final exam. The final exam will be comprehensive.

PROFESSIONAL DEVELOPMENT

Professional development activities will be required for this class. Professional development points may be
earned by attending student organization meetings (Accounting Club, Alpha Kappa Psi, Speaking Eagles,
O’Daniel Leadership, etc.), professional organization meetings (IMA, Rotary Club, etc.), plant tours, etc.
METHODS

1.     Lecture and classroom discussion of text material.
2.     Application of text material in solving assigned problems.
3.     Group discussions in solving exercises and problems in class.
4.     Group presentation of computerized cases.

GRADES
    First Exam                       100 points             90% and up             A
    Second Exam                      100 points             80% - 89%              B
    Third Exam                       100 points             70% - 79%              C
    Final Exam                       150 points             60% - 69%              D
    Quizzes                           50 points             Below 60%              F
    Group Presentation                50 points
    Professional Development          30 points
    Total                            580 points

NOTE: Additional 10 points can be earned for superior classroom participation.

ACADEMIC DISHONESTY

Academic dishonesty will not be tolerated in any form and will result in a grade of “0" for the examination or
assignment and possibly a failing grade in the course. The instructor may also pursue the option of starting
proceedings to have a student expelled from the University for academic dishonesty.

CAREER ADVISING
Career advising is available through your academic advisor or any accounting professor. Please take advantage
of this opportunity to have your questions answered or to discuss the career paths open to accounting graduates.

THE TEACHERS’ WISDOM

Chinese Proverb:

“Teachers open the door, you enter by yourself.”

Galileo Said:

“You cannot teach a man anything; you can only help him find it within himself.”
                             Tentative Schedule - 6:00 Class
 DATE            READING ASSIGNMENT                       HOMEWORK PROBLEMS
Aug 27    Introduction &                                10-20, 22
          Chapter 10 – Determining How Costs
          Behave
Sept 3    Chapter 13 – Strategy, Balanced Scorecard,    13-27, 28, 29, 30
          and Strategic Profitability Analysis

Sept 10   Chapter 14 – Cost Allocation                  14-17, 24, 32
                                                        G14-35

Sept 17   Chapter 15 –Cost Allocation : Joint           15-20, 21, 29
          Products and Byproducts

Sept 24   EXAM 1 (Chpts 10, 13, 14, & 15)               16-19, 24, 27
          Chapter 16 – Revenues, Sales Variances,
          and Customer Profitability Analysis
Oct 1     Chapter 17 – Process Costing                  17-27, 28, 30
                                                        G17-44

Oct 8     Chapter 18 – Spoilage, Rework, and Scrap      18-21, 22, 29

Oct 15    EXAM II (Chpts 16 – 18)

Oct 22    Chapter 19 – Quality, Time and The            19-18, 22, 24, 25, 27
          Theory of Constraints
Oct 29    Guest Speaker or Plant Tour

Nov 5     Chapter 20 – Inventory Management, Just-      20-19, 30, 31, 32
          In-Time and Backflush Costing                 G20-38

Nov 12    No Class

Nov 19    Chapter 22 – Management Control               22-20, 25, 33
          Systems, Transfer Pricing and
          Multinational Considerations
Nov 26    EXAM III (Chpts 19, 20, 22)

Dec 3     Chapter 23 – Performance Measurement,         23-19, 20, 22
          Compensation, and Multinational               G23-36
          Considerations
Dec 10    FINAL EXAM (Comprehensive)



                     NOTE: Schedule is tentative and subject to change.

								
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