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AC 315 Cost Accounting
Vickers, Zodie


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

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

Course

AC 315 Cost Accounting

Semester

U1J 2006 DN

Faculty

Vickers, Zodie

Daytime Phone

816-260-6888 (7:30 A.M. to 5:30 P.M.)

E-Mail

Zodie.Vickers@park.edu

zjvickers@everestkc.net

Semester Dates

June 5 through July 30, 2006

Class Days

--T----

Class Time

5:30 - 9:50 PM

Prerequisites

AC201 & CS140

Credit Hours

3


Textbook:
Fundamentals of Cost Accounting, Maher et al McGraw-Hill Irwin
ISBN 0-07-301837-6


Course Description:
A study of the basic principles of cost accounting applied to manufacturing,  merchandising, and service businesses.  Emphasis is on various accepted  cost methods such as job order, process, and standard cost system.    Prerequisites: AC202 and CS140.  3:0:3

Educational Philosophy:
The facilitator's educational philosophy is one of participative cooperation based on regular lectures, examples from the text and other materials and the facilitator deems appropriate, and regular homework and examinations.  Assignments are expected to be completed and submitted when due without exception.

Learning Outcomes:
  Core Learning Outcomes

  1. Prepare capital and operating budgets.
  2. Determine and account for manufacturing cost variances.
  3. Calculate and explain break-even points.
  4. Using various inventory methods, journalize manufacturing financial transactions.
  5. Compile financial statements for corporate


Core Assessment:

The test examines each learning outcome with 20 questions. Eighteen multiple-choice questions will be based upon a distribution of critical thinking concepts applied to a learning outcome. Two questions will examine a communication/writing component. Each question will be weighted as 5 points. 

Link to Class Rubric

Grading:
22 homework assignments worth 50 points each, total 1100 points
mid-term examination 150 points
final exmination 250 points
1350 - 1500 points A
1185 - 1349 points B
1035 - 1184 points C
900  - 1034 points D
Below 900   points F

Late Submission of Course Materials:
There is no exception to the non-acceptance of late assignments.  Because assignments are included in the syllabus, assignments are known in advance, hence learners have the opportunity to prepare and submit all course work on a timely basis.

Classroom Rules of Conduct:
Normal rules of courtesy must be followed by keeping any side conversations at a volume which doesn't interfere with the individual who currently holds the floor, whether facilitator or fellow learner.  Cell phones and pagers should be set to vibrate mode or turned off.  If a call must be taken, the call recipient is requested to quietly leave the classroom.

Course Topic/Dates/Assignments:
June 6/Introduction, Chapters 1 and 2/Chapter 1:13 and 21; Chapter 2:45 and 47; read chapters 3 and 5
June 13/Discuss homework for Chapters 1 and 2; Chapters 3 and 5/Chapter 3:52; Chapter 5:3 and 26; Read Chapters 6 and 7
June 20/Discuss homework for Chapters 3 and 5; Chapters 6 and 7; discuss mid-term examination/Chapter 6:31; Chapter 7:20, 21; Read Chapter 8
June 27/Lecture, Chapter 8; Mid-term examination, Chapters 1 through 7/Chapter 8:21, 25; Read Chapters 9 and 10
July 8/Review homework for Chapter 8 and mid-term exam results;Chapters 9 and 10/Chapter 9:25,37;10:39, Read Chapters 11 and 12
July 11/Review homework for Chapters 9 and 10; Chapters 11 and 12/Chapter 11:20; 12:23, 39, Read Chapters 13 and 15
July 18/Review homework for Chapters 11 and 12; Chapters 13 and 15; final examination information/Homework: 13:21, 23; 15:15, 21
July 25/Final examination; homework for Chapters 13 and 15 due!

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2005-2006 Undergraduate Catalog Page 85-87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

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. In the case 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: http://www.park.edu/disability .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluate and define accounting concepts identified by:                                                                                                 
Outcomes
1,3,4,5,6                                          
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
100-80 %
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
60-79%
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
50-59%
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
Less than 50%
 
Synthesize data to produce a logical flow of informational reporting  per established accounting rules and standards                                   
Outcomes
1,3,4,5,6                                          
Assemble the correct and ethical accounting treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
100-80 %
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
60-79%
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
50-59%
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
Less than 50%
 
Analysis of transactional data                                                                                                                         
Outcomes
1,3,4,5,6                                          
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
100-80 %
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
60-79%
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
50-59%
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
Less than 50%
 
Application of established rules and logic per regulatory and commercial standards                                                                     
Outcomes
2                                                  
Demonstrate and interpret cost accounting data and variance figures in order to produce accurate and useful Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
100-80 %
 
Demonstrate and interpret cost accounting data and variance figures in order to produce accurate and useful Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
60-79%
 
Demonstrate and interpret cost accounting data and variance figures in order to produce accurate and useful Balance Sheets and Income Statements per Generally Accepted Accounting Principles Q16, Q17, Q18
50-59%
 
Demonstrate and interpret cost accounting data and variance figures in order to produce accurate and useful Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
Less than 50%
 
Content of Communication written essay                                                                                                                 
Outcomes
2                                                  
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to manufacturing cost variances
Question 20
100-80 %
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to manufacturing cost variances
Question 20
60-79%
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to manufacturing cost variances
Question 20
50-59%
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to manufacturing cost variances
Question 20
Less than 50%
 
Technical Skill in Communicating                                                                                                                       
Outcomes
3                                                  
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions related to break-even analysis
Question 19
100-80 %
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions related to break-even analysis Question 19
60-79%
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions related to break-even analysis Question 19
50-59%
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions related to break-even analysis
Question 19
Less than 50%
 
First Literacy Technical knowledge and application                                                                                                     
Outcomes
                                                  
Student will demonstrate an intermediate level of accounting knowledge within the scope of AC 315 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
100-80 %
 
Student will demonstrate a intermediate level of accounting knowledge within the scope of AC 315 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
60-79%
 
Student will demonstrate a intermediate level of accounting knowledge within the scope of AC 315 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
50-59%
 
Student will demonstrate a intermediate level of accounting knowledge within the scope of AC 315 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
Less than 50%
 

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Last Updated:6/6/2006 10:26:01 AM