PURPOSE: COURSE OBJECTIVES:

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1 COURSE: Cost Accounting, AC 385 TEXT: Cornerstones of Cost Management 3 rd Edition INSTRUCTOR: Randy Eriksen, J.D. OFFICE: Thomas Jefferson Hall room 23 OFFICE HOURS: MW 1: 12:, TTH 8: 9: OFFICE PHONE: (28) rweriksen@lcsc.edu (YOU MUST USE THIS ) FAX: (28) PRE-REQUISITE: Passing Principles of Accounting II, AC 232 with a grade of C or better. PURPOSE: This is a required course for students who are pursuing the Business Administration degree with a management accounting emphasis offered through the Business Division at LCSC. Since it is a required course for the emphasis major, you must pass this course with a grade of C or better. This is a continuation of the accounting terminology, transactions, and accounting principles offered in AC 232. Accounting procedures and statements for manufacturing and service organizations are emphasized. Managerial accounting concepts for information and decision-making are the main focus. COURSE OBJECTIVES: After completing this course, the student will be able to: 1. understand and use the appropriate accounting terminology, 2. journalize and post accounting information for manufacturing and service companies, 3. prepare and analyze financial statements, 4. journalize and prepare documents relating to job order costing, activity-based costing, and process costing systems, 5. organize and analyze cost-volume-profit data, 6. plan and use the budgets in the master budget and capital budgeting processes, 7. determine and explain cost variances, 8. prepare the statement of cash flows, and 9. calculate and analyze horizontal, vertical, and ratio analysis. INSTRUCTION AND EVALUATION METHODS: 1. Homework Assignments will be due from each chapter. They are worth 1 points each and one assignment is dropped at the end of the semester. The first class period is usually an introduction to the chapter material and assignments listed on the schedule must be completed. Assignments will be due at the beginning of the class period. Students are expected to come to class with all work completed using the excel CD working papers and have printed copies so that they will be able to answer questions and make corrections during class. Late, messy, or manual assignments are never accepted for credit. If a student expects to be absent they may submit all of their assignments in advance of the due date and time in person or through . Credit will only be given if all work due is submitted and the student is absent. Check figures and additional will be made available upon request. Financial calculators are necessary for all class work and tests. Read all appendices included with the chapters. Students may work together but each student is responsible for their own work. Plagiarism from the book, another student or any other source, as well as cheating is not acceptable and may result in a failing grade for the class.

2 2. Intergrative Exercise (Making the Connection) There will be 2 case assignments to be completed during the semester. They will be worth 1 points. The purpose of these assignments is to allow a more comprehensive look at the previous chapter material. They cannot be made up on another day or time. 3. Tests There are two tests during the semester with each one worth 1 points. If students expect to be absent, they may make arrangements in advance with the exception of the final exam. 4. Attendance and Participation Students are expected to come to class on time, attend the entire class period, and be prepared to discuss and share your work with others in class. Calculators are required for all class work. Attendance and participation are always are part of each student s grade. Work must be neatly done and available at the beginning of the class period on the due date. Unacceptable classroom behavior identified at the professor s discretion will result in a reduced grade. Please be respectful towards others. Plagiarism, cheating, and accessing unauthorized materials are never acceptable and may result in failure of the class. Disability Statement: If you need special accommodations because of a disability, please provide documentation to the student services office so that I can be notified of your needs and work with you in the most appropriate manner. It is the responsibility of the student to make the appropriate arrangements with the instructor prior to class work = A Homework Problems (9) = A- Cases (2) = B+ Exams (2) = B 8-83 = B- Total = C = C 7-73 = C = D Below 6 = F

3 AC Tentative Schedule for Spring 215 Week 1 Overview of class Read Ch 1 2 Read Ch 2 Problems: 1.11, 1.12, Read Ch 3 Problems: 2.28, 2.32, Read CH 4 Problems: 3.31, 3.34, Read Ch 5 Problems: 4.28, 4.3, Intergrative Exercise (Making the Connection) 7 DUE Intergrative Exercise (Making the Connection) 8 EXAM over CH Read Ch 6 Problems: 5.26, 5.27, Read Ch 7 Problems: 6.31, 6.34, Read Ch 8 Problems: 7.33, 7.35, Read Ch 9 Problems: 8.36, Read Ch 1 Problems: 9.32, Thanksgiving 15 Integrative Exercise (Making the Connection) 16 DUE Integrative Exercise (Making the Connection) FINAL

4 Syllabus Addendum Consumer Information In 28, the federal government required all post-secondary institutions offering federal financial aid programs to provide key data to both prospective and current students. To comply with this requirement, Lewis-Clark State College has developed a consumer information page, which may be accessed at Disability Accommodations Students requiring special accommodations or course adaptations due to a disability and/or a health-related issue should consult their course instructors and the LCSC Student Counseling Center immediately (RCH 111, ). Official documentation may be required in order to provide an accommodation and/or adaptation. Student Rights and Responsibilities Students have the responsibility for knowing their program requirements, course requirements, and other information associated with their enrollment at LCSC. Students should review the LCSC General Catalog ( and the LCSC Student Handbook ( for more information. Accidents/Student Insurance Students participating in LCSC classes normally must look to their personal health insurance policy (Student Health Insurance Plan or comparable private coverage) should an accident occur. In the event of an accident, please seek medical help, if necessary, and report the incident to LCSC Security ( ). Fieldtrips or other special student activities may also require students to submit a signed participation waiver (forms can be obtained from the supporting Division Office). Enrollment Verification/Attendance Students who are not actively pursuing their classes may have to repay part or all of their financial aid awards depending upon the circumstances. Academic Dishonesty Academic dishonesty, which includes cheating and plagiarism, is not tolerated at LCSC. Individual faculty members will impose their own policies and sanctions regarding academic dishonesty. Students who are accused of being academically dishonest may be referred to the VP for Student Affairs for official disciplinary action.

5 Illegal File Sharing Students using LCSC s computers and/or computer network must comply with the college s appropriate use policies and are prohibited from illegally downloading or sharing data files of any kind. Specific information about the college s technology policies and its protocols for combating illegal file sharing may be found on the VP for Student Affairs web page ( ). Diversity Vision Statement Regardless of race, color, age, sex, religion, national origin, disability, veteran status, or sexual orientation, you will be treated and respected as a human being. Disclosures During this course, if you elect to discuss information with me which you consider to be sensitive or personal in nature and not to be shared with others, please state this clearly. Your confidentiality in these circumstances will be respected unless upholding that confidentiality could reasonably put you, other students, other members of the campus community, or me in danger. In those cases or when I am bound by law to report what you have told me, such as incidents involving sexual assault or other violent acts, I will submit a report to appropriate campus authorities. Updated January 214

6 Component Hours A. Accounting (ACT) B. Marketing (MKT) C. Finance (FIN) D. Management 1. Management Principles (MGT) 2. Organizational Behavior (OB) 3. Human Resource Management (HRM) 4. Operations Management (OM) Total Management E. Economic/Social/Legal Environment 1. Legal Environment of Business (LAW) 2. Economics (ECN) 3. Business Ethics (ETH) Total Economic/Social/Legal Environment F. Decision-Support Tools Information Systems (IS) 2. Quantitative Methods/Statistics (QM) Total Decision-Support Tools G. Global Dimensions of Business (GLOB) 1 H. Integrative Experience (INT) Total Contact Hours 45