AC315 Cost Accounting

for S2QQ 2005

Printer Friendly


COURSE TITLE: Cost Accounting



TITLE OF FACULTY MEMBER: Adjunct Instructor, Certified Public Accountant

FACULTY OFFICE LOCATION: Building 1294, Hill Air Force Base

FACULTY OFFICE HOURS: 4:00 to 4:30 Monday-Thursday

FACULTY OFFICE/HOME TELEPHONE NUMBERS: (801) 775-3615 (801) 476-1289




DATES OF THE SEMESTER/TERM: 14 March to 7 May 2005

CLASS SESSION DAYS: Tuesdays and Thursdays 4:30 to 7:15 P.M.

PREREQUISITES: AC 202 and CS 140 or equivalents


The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think criticality, communicate effectively and engage in lifelong learning while serving a global community.

Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

COURSE DESCRIPTION: A study of the basic principles of cost accounting applied to manufacturing, merchandising, and service businesses. Emphasis is on the various cost methods such as job order, process and standard cost systems.

FACULTY'S EDUCATIONAL PHILOSOPHY: The course will consist of lectures, discussion, problem solving, and examinations. Students are encouraged to interact sharing their own ideas and experiences.

COURSE OBJECTIVES: To provide the student an understanding of the principles and concepts of cost accounting. Specifically, the student will learn cost accounting fundamentals
consisting of the role of the accountant, cost terms, cost-volume-profit analysis, and types of cost accounting systems. Both master and flexible budget techniques will be discussed followed by cost allocation methods for joint products, by-products, process costing, spoilage and waste. Finally, a review of inventory and linear programming

COURSE TEXTBOOKS: Horngren, Foster, and Datar; Cost Accounting; 11th edition; Princeton, N.J.; Prentice Hall Publishing Company 2002.

ACADEMIC HONESTY: "Academic Honesty is required of all members of a learning community. Hence, Park will not tolerate cheating or plagiarism on tests, examinations, papers, or other course assignments. Students who engage in such dishonesty may be given failing grades or expelled from Park."

PLAGIARISM: "Plagiarism-the appropriation or imitation of the language or ideas of another person and presenting them as one's original work---sometimes occurs through carelessness or ignorance. Students who are uncertain about proper documentation of sources should consult their instructors."

ATTENDANCE POLICY: Instructors are required to keep attendance records and report absences. The instructor may excuse absences for cogent reasons, but missed work must be made up within the term of enrollment. Work missed through unexcused absences must also be made up within the term of enrollment, but unexcused absences may carry further penalties. In the event of two consecutive weeks of unexcused absences in a term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F". An incomplete will not be issued to a student who has unexcused or excessive absences recorded for a course. Students receiving Military Tuition Assistance (TA) or Veteran's Administration (VA) educational benefits must not exceed three unexcused absences in the term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student. Reports of F grades (attendance or academic) resulting from excessive absence for students receiving financial assistance from agencies not mentioned above will be reported to the appropriate agency.

LATE SUBMISSION OF COURSE MATERIALS: Course assignments submitted after the specified due date will not be accepted unless due to an excused absence and coordinated with and approved by the instructor.

COURSE ASSESSMENT: Examinations and chapter problems.

CLASSROOM RULES OF CONDUCT: Homework problems are expected to be legible and in the proper format regardless if prepared manually or using a computer. Students should
Maintain copies of their graded assignments in the event the instructor inadvertently fails to record the graded result.

DISABILITY GUIDELINES: Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with Federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities and, to the extent of any inconsistency between these guidelines and Federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page:


Date Chapter(s) Topic Homework
15 March 1 and 2 Accountant’s Role none
17 March 2 and 3 Cost Terms/Cost Volume Profit 2-28, 3-21
22 March 4 Job Costing 4-28
24 March 5 and 6 Costing systems/master budget 5-37
29 March 6 and 7 Flexible budgets 6-23, 7-22
31 March 8 and 9 Variances & Variable/Absorption 8-22
5 April 9 & 11 Relevant costs 9-23, 11-24
7 April 14 Profitability/Customer sales Analysis 14-29
12 April 1-11 Midterm Exam
14 April 15 Cost allocation 15-16
19 April 16 & 17 Joint/by-products/Revenues 16-19
21 April 17 & 18 Process costing/ Spoilage/rework 17-35, 18-16
26 April 19 & 20 Quality / Inventory management 19-20
28 April 20 & 21 Capital Budgeting 20-21, 21-20
3 May 22 Transfer Pricing 22-20
5 May 14-24 Final Exam

GRADING PLAN: The final grade will be determined using the following measurements:
Midterm Exam 40%
Final Exam 40%
Homework 20%

The midterm exam will cover all assigned reading in chapters 1 through 10. The
final exam is not comprehensive and will cover material in chapters 11 through

The following will be used to assign course letter grades
90-100 ..........................A
89-90 ..........................B
70-79 ..........................C
60-69 ..........................D
Below 60 ......................F (or three or more unexcused absences)