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. Pre-requisites: AC202 or CS140. 3:0:3
Educational Philosophy: The facilitator's educational philosophy is one of participative cooperation based on regular lectures, regular homework, personal illustrations, and examinations. The facilitator hopes to engage each participant so that the usefulness of costing principles and its application to routine situations can be appreciated. Assigned homework is expected to be completed and submitted in a timely fashion.
Learning Outcomes:1) enable Learners to prepare capital and operating budgets; 2) provide the Learners with the knowledge to determine and account for manufacturing cost variances; 3) prepare the Learner to calculate and explain break-even points; 4) allow the Learners, using various inventory methods, to journalize manufacturing transactions; 5) ensure the ability of the Learner to compile financial statements for corporate manufacturers; and 6) make the Learner capable of analyzing manufacturing financial statements using ratios and trends.
Course Assessment: Homework, and two examinations
Grading: Problems/Homework 700 points
Mid-term 100 points
Final exam 200 points
Late Submission of Course Materials: No late assignments will be accepted. In the event a learner will be absent, homework should be faxed to facilitator (913-322-6553) or e-mailed not later than 7 P.M. the day of the class missed.
Classroom Rules of Conduct: While learning in this course is cooperative, normal rules of courtesy must be followed by keeping your side conversations at a volume which doesn't interfere with the individual who currently holds the floor, whether facilitator or fellow learner. We request that cell phones and pagers be turned off or turned to vibrate and that if a call must be taken during the class period, the learner exit the classroom in consideration of other learners and the facilitator.
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. <a href="http://www.park.edu/catalog">
Park University 2004-2005 Undergraduate Catalog</a> Page 101
Instructors are required to maintain attendance records and to report absences
via the online attendance reporting system.
Park University 2004-2005 Undergraduate
Catalog Page 100
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