COST ACCOUNTING 315

SPRING 2018 – 1:30

Instructor: Jeanette Maier-Lytle Office Hours: Tues 10:30am-12:00pm; 3:00-3:30pm

Office: BE 3009 Thurs 10:30-11:30am; 3:00-4:00pm

Phone: (812) 464-1915 or by appointment

E-mail: jcmaier@usi.edu

COURSE DESCRIPTION The theory and practice of cost accounting with emphasis on its use for planning and control. It builds on

the concepts of budgeting, standards, and profitability analysis introduced in ACCT202.

LEARNING GOAL DEVELOPMENT

1. To improve the student’s knowledge base

2. To improve the student’s analytical problem-solving skill

COURSE LEARNING OBJECTIVES

1. To compare and contrast traditional cost accounting concepts with those of activity based costing.

2. To demonstrate an understanding of just-in-time, activity-based management, and total quality

management concepts.

3. To explain the benefits and limitations of current cost accounting techniques and methodologies.

4. To use the cost-volume-profit (CVP) model in determining how changes in pricing, costing and

volume variables affect the profitability of an organization.

5. To apply incremental analysis to various decisions, such as, special order, make or buy, sell or

process further, elimination of unprofitable divisions, etc.

6. To develop a master budget and discuss how it is used in managing an organization.

7. To prepare and discuss variance analysis in the performance reporting process.

TEXT

Required: Cost Accounting: A Managerial Emphasis with MyAccountingLab, 16th Ed., Horngren,

Datar, & Foster, Pearson.

ATTENDANCE Attendance is important and expected. The instructor will keep attendance records. More than three

absences are considered excessive and will be reflected in the final grade.

HOMEWORK/ GROUP ASSIGNMENTS

Homework problems on the tentative schedule that follows should be attempted 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. Another selective set of

homework assignments will be worked as part of the grade requirements in MyAccountingLab, which is

discussed below. The instructor will also assign group case studies which will consist of solving

decision-making cases and may require some external research.

MyAccountingLab

MyAccountingLab is a computer program developed and designed to reinforce the information introduced

in the accounting text. You will use the computer program to complete exercises and problems which

will give you practice in applying basic accounting principles and procedures covered in class. A major

advantage of computer-assisted instruction is that you will be provided immediate feedback to your

responses and provided with an explanation of the suggested solution to the exercise. In completing the

lab activities, you are expected to do your own work. You will receive three tries to arrive at the correct

solution. The course id and registration instructions will be documented in your blackboard site.

EXAMS /QUIZZES

Exams must be taken at the time scheduled. You can only use calculators for the exam. Phones and ipads

will not be permitted for use as calculators. 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 will be comprehensive. Quizzes will also be given as a part

of the grade requirements.

PROFESSIONAL DEVELOPMENT

Professional development activities will be required for this class. Professional development points may

be earned by attending student organization meetings (Accounting and Professional Services Club, Beta

Alpha Psi, Alpha Kappa Psi, AITP, Speaking Eagles, O’Daniel Leadership, Economics and Finance Club,

etc.), professional organization meetings (IMA, Rotary Club, etc.) and/or plant tours.

METHODS

1. Lecture and classroom discussion of text material.

2. Application of text material in solving assigned problems.

3. Collaborative group discussions for case study analysis and problem solving.

GRADES

First Exam 100 points 90 - 100% 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

Homework 110 points

Case Studies 40 points

Professional Development 20 points

Total 670 points

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 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.

ELECTRONIC DEVICES

Computer laptops and Ipads should only be used during class for utilizing an online text or taking notes.

Utilizing your laptop to engage in other activities during classroom time will not be permitted. Cell

phones should be turned “off “or on “silent vibration” and put away before entering the classroom. If you

have a potential emergency requiring cell phone usage, you should inform the instructor ahead of time.

Ipods should be turned off and stored away before entering the classroom. Cell phones, laptops, Ipads,

etc. are not acceptable calculators and will NOT be permitted during quizzes and tests. If you are using

your electronic devices (texting, Facebook, etc.) during class time, the instructor reserves the right to

subtract 5 points for each offense.

CAREER ADVISING

Career advising is available through your academic advisor or any accounting professor. Please take

advantage of this opportunity to discuss the career paths open to accounting graduates and to ask relevant

questions.

AMERICANS WITH DISABILITITES ACT COMPLIANCE

If you have a disability for which you may require academic accommodations for this class, please

register with Disability Resources (DR) as soon as possible. Students who have an accommodation letter

from DR are encouraged to meet privately with course faculty to discuss the provisions of those

accommodations as early in the semester as possible. To qualify for accommodation assistance, students

must first register to use the disability resources in DR, Science Center Rm. 2206, 812-464-1961,

http://www.usi.edu/disabilities. To help ensure that accommodations will be available when needed,

students are encouraged to meet with course faculty at least 7 days prior to the actual need for the

accommodation. However, if you will be in an internship, field, clinical, student teaching, or other off-

campus setting this semester please note that approved academic accommodations may not apply. Please

contact Disability Resources as soon as possible to discuss accommodations needed for access while in

this setting.

TITLE IX POLICY

USI does not tolerate acts of sexual misconduct, including sexual harassment and all forms of sexual

violence. If you have experienced sexual misconduct, or know someone who has, the University can

help. It is important to know that federal regulations and University policy require faculty to promptly

report incidences of potential sexual misconduct known to them to the Title IX Coordinator to ensure that

appropriate measures are taken and resources are made available. The University will work with you to

protect your privacy by sharing information with only those who need to know to ensure we can respond

and assist. If you are seeking help and would like to speak to someone confidentially, you can make an

appointment with a counselor in the University Counseling Center. Find more information about sexual

violence, including campus and community resources at www.usi.edu/stopsexualassault.

AVAILABLE SUPPORT SERVICES

The University has a number of support services which are available for students. The Counseling Center

located in the University Division provides counseling services for students with learning, physical or

other disabilities. Please contact the Counseling Center to learn more about this service. Academic Skills

provides tutoring for many lower level courses. Contact the Academic Skills office to determine the

courses and hours of tutoring services. If you are interested in an internship in your field, you can contact

the Career Placement Center.

Maier-Lytle ACCT315.001 Tentative Schedule 1:30-2:45PM BE0030 DATE

READING ASSIGNMENT

CLASSROOM HOMEWORK

Jan 9

11

Introduction & Chapter 1 – The Manager

and Management Accounting

1-18, 1-35

Jan 16

18

Chapter 2 – Cost Terms and Purposes

Chapter 2

2-25, 2-38

Jan 23

25

Chapter 3 – Cost Volume Profit Analysis

Chapter 3

3-38, 3-41, 3-51

Jan 30

Feb 1

Chapter 4 – Job Costing

Chapter 4

4-24, 4-36, 4-39

Feb 6

8 EXAM I (Chpts 1, 2, 3 and 4)

Chapter 5 – Activity Based Costing

5-28, 5-37

Feb 13

15

Chapter 5

Chapter 6 – Master Budget and

Responsibility Accounting

6-40, 6-41, 6-46

Feb 20

22

Chapter 6

Chapter 7 – Flexible Budgets, Direct

Variances and Management Control

7-30, 7-31, 7-34

Feb 27

Mar 1

Chapter 7

Chapter 8 – Flexible Budgets, Overhead

Variances and Management Control

8-23, 8-24, 8-34

Mar 5-10 Spring Break – No Classes

Mar 13

15

Chapter 8

EXAM II (Chpts 5, 6, 7 and 8)

Mar 20

22 Assessment Day – No Class

Chapter 9 – Inventory Costing & Capacity

9-27, 9-47

Mar 27

29

Chapter 9

Chapter 11- Decision Making & Relevant

Information

11-30, 11-33, 11-34, 11-41, 11-42

Apr 3

5

Chapter 11

Chapter 13 Pricing Decisions

13-27, 13-29, 13-36

Apr 10

12

Chapter 13

EXAM III (Chpts 9, 11 and 13)

Apr 17

19

Chapter 21 – Capital Budgeting & Cost

Analysis

21-23, 21-29, 21-37

Apr 24 Chapter 21

Apr 26 FINAL EXAM (Comprehensive) 1:30-3:30pm