Lewis Clark State College AC-385 Cost Accounting Class Syllabus Fall 2015

Transcription

1 1 Lewis Clark State College AC-385 Cost Accounting Class Syllabus Fall 2015 COURSE: Cost Accounting, AC 385 TEXT: Cornerstones of Cost Management 3 rd edition INSTRUCTOR: Philip (Phil) Church MAcct OFFICE: Thomas Jefferson Hall room 105 OFFICE HOURS: Tuesday and Thursday OFFICE PHONE: (208) Cell Phone (only for online courses) pgchurch@lcsc.edu (YOU MUST USE THIS ) 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. Online Course This is an online course that will require your participation to achieve a passing grade. The course is fifteen weeks long and there will be 8 Blackboard collaborative learning sessions. You are required to

2 2 participate in six sessions, I would recommend participation in all 8 sessions. Some of the sessions will be timed around the week prior to an exam. I will dates and times for the first collaborative session, everyone must participate in this session where we will learn the collaborative process together. INSTRUCTION AND EVALUATION METHODS: 1. Homework Assignments will be due from each chapter. They are worth 10 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. Some of the listed assignments will not be turned in for credit but should be completed for the student s benefit ahead of class discussion which provides the student with a better understanding of the work. Assignments will be due at the assigned time. Students are expected to have all work completed using excel and have printed copies so that you will be able to answer questions and make corrections during the collaborate class. One assignment is collected at random and the remaining assignments will be discussed. 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. Work cannot be ed to the instructor. Check figures and additional work are available through the publisher website. 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. Do your own work. 2. Case Assignments There will be 3 case assignments to be completed during class time. They will be completed without the use of book or notes and working between groups is not allowed. They will be worth 50 points. The purpose of these assignments is to allow more work on 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 100 points. If students expect to be absent, they may make arrangements in advance with the exception of the final exam. The final exam must be taken on the scheduled day and time. It will be comprehensive and will not be returned to the student. It will be worth 150 points. 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.

3 3 Grading = A Homework Problems (9) = A- Cases (3) = B+ Exams (3) = B Attendance (CPA speaker) = B- Total = C = C = C = D Below 60 = F AC Tentative Schedule for Spring 2015 (Etched in firm Jello) Week Chapter Read Prior to Exercises Problems Class 1 1 Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter 20 Component Hours A. Accounting (ACT) 25 B. Marketing (MKT) 1 C. Finance (FIN) 2 D. Management 1. Management Principles (MGT) 3 2. Organizational Behavior (OB) 3 3. Human Resource Management (HRM) 2 4. Operations Management (OM) 6 Total Management 14 E. Economic/Social/Legal Environment 1. Legal Environment of Business (LAW) 0

4 4 2. Economics (ECN) 1 3. Business Ethics (ETH) 2 Total Economic/Social/Legal Environment 3 F. Decision-Support Tools 1. Information Systems (IS) 0 2. Quantitative Methods/Statistics (QM) 0 Total Decision-Support Tools 0 G. Global Dimensions of Business (GLOB) 0 H. Integrative Experience (INT) 0 Total Contact Hours 45 Syllabus Addendum: Consumer Information In 2008, 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 information/ Disability Accommodations Students requiring special accommodations or course adaptations due to a disability and/or a healthrelated 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 ( Handbook.pdf ) 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).

5 5 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 may impose their own policies and sanctions regarding academic dishonesty after offering the student an opportunity to explain his or her actions. Sanctions imposed by the faculty member are limited to grades on the assignment(s) in question and/or on the course grade. On matters of academic dishonesty, faculty members do not have the authority to dismiss a student from class indefinitely nor to disenrollment a student from a program without corroboration from a Division Chair (or program ethics committee where applicable), the appropriate instructional dean, and the Vice President for Student Affairs. Students who are accused of being academically dishonest may be referred to the VP for Student Affairs for official disciplinary action. 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 ( affairs/studentcode of conduct/ ). 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, and 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.

6 6 Student Feedback Students shall be provided the opportunity to formally evaluate each course in which they are enrolled. Notification of student feedback opportunity and timelines will be made through the official LCSC student (currently LCMail) or online course learning management (currently Blackboard Learn) systems.