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AC 315 Cost Accounting
Newman, Pam S.


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

F1J 2006 PV

Faculty

Newman, Pam S.

Title

Adjunct Business Instructor

Degrees/Certificates

Masters of Business Administration
Certified Management Accountant
Certified Financial Manager

Office Location

None

Office Hours

None

Daytime Phone

816.729.4390

E-Mail

pam.newman@park.edu

Semester Dates

8/21/06 – 10/16/06

Class Days

--T----

Class Time

5:30 - 9:50 PM

Credit Hours

3


Textbook:
Cost Accounting Horngern Prentice Hall 12th ISBN: 0131495380

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


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:
Instructor Newman's educational philosophy is based on using a variety of methods in learning, focusing on the interactive.  Lectures, readings, quizzes, group work, class discussion, examinations, writing, and use of the Internet are significant components of this learning process.  Students will be required to analyze, criticize, and synthesize information learned. Students are encouraged to participate in the lively exploration of ideas, issues, and contradictions.

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

Class Assessment:
Examinations, quizzes, presentations, and projects may all be used to assess the learning process.

Grading:

 

Examinations                                               50

Quizzes/Participation/Assignments                50

 

Total points possible                                    100

 

A         90 – 100%

B          80 – 89%

C          70 – 79%

D         60 – 69%

F          59 and below

Late Submission of Course Materials:

Instructor is not responsible for contacting absent students or providing items from missed classes.

2. Be prepared for class. This means that you have read the assigned readings and are prepared to discuss them. Quizzes may be given at the beginning of class. Tardy arrival or early departure may result in missing a quiz. For late arrivals or early departures, no makeup quizzes will be given unless the student produces a written excuse signed by a doctor (with the doctor's registration number) in the case of illness, or a tow bill from a tow company in the case of car problems. A written excuse from the campus nurse is acceptable.  The same requirement applies to illness of children. Instructor understands there may be conflicts, but it is the student's responsibility to notify instructor of absences prior to class.

3. This course will consist of class discussion, small group discussion, group work, and lecture. You are expected to take part in the discussions and group work. Your in-class participation is evident in your grades through the oral presentations, chapter discussions, etc. Also, assigned reading will not always be reviewed in class, but quizzes will be from both assigned readings and class discussions.

4. Computers make writing and revising much easier and more productive. Students must recognize though that technology can also cause problems. Printers run out of ink and hard drive crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology. Be sure to save copies of your work to disk, hard drive, and print out paper copies for backup purposes.

5. No late assignments are accepted for any reason without the written excuses designated in #2. Excused absences producing late assignments received more than 1 week from due date are given a 0.

6. Attendance is taken at the beginning and end of class. You must be present at both to receive the participation points in full for the evening along with active participation in class discussions.

7. Extra credit may be given equally to all students at the discretion of the instructor. Do not count on extra credit for your grade.

Course Topic/Dates/Assignments:

Week 1 Review Syllabus, In-Class Discussion on Chapter 1 (Read prior to class)


Week 2 Chapter 2 Review  - Assignments of 18, 21, 23, 25, 30, 31 and 37

               Chapter 3 Review - Assignments of 16, 19, 22, 30, 31, 34, 37, 45, and 47

 

Week 3 Chapter 4 Review - Assignments of 16, 17, 20, 22, 23, 24, 27, 30, 31 and 32

               Chapter 5 Review - Assignments of 19, 20, 28, 31, 34, and 37

 

Week 4 Chapter 6 Review - Assignments of 20, 21, 22, 23, 24, 28 and 33

              Chapter 7 Review - Assignments of 18, 21, 24, 27, 30 32,37, 40, and 43

 

Week 5 Chapter 8 Review - Assignments of 16, 17, 24, 27, 29, 30, 35, 37, and 38

               Chapter 12 Review - Assignments of 19, 25, 27, 29, 31, 32, and 35

 

Week 6 Chapter 13 Review - Assignments of 16, 17, 22, 26, 27, 29, and 32

               Chapter 17 Review - Assignments of 16, 17, 19, 20, 21, 24, 30, 31, and 32

 

Week 7 Chapter 21 Review - Assignments of 20, 22, 27, and 31

              Chapter 23 Review - Assignments of 16, 19, 21, 25, and 36

 

Week 8 Final Exam

 

**NOTE** Assignments are subject to change at the discretion of the instructor. Quiz and Chapter Test dates will be given in class.

* Surprise quizzes over chapter readings and assignments may be given at the discretion of the instructor on any night.

*Chapters for the week should be read and ready for discussion prior to class. Students are responsible for all information in the chapters whether or not the specifics are discussed in class.

*Instructor reserves the right to make changes to the session assignments schedule as needed and students will be notified of such changes in class.

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 2006-2007 Undergraduate Catalog Page 87-89

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 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 2006-2007 Undergraduate Catalog Page 89-90

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:7/31/2006 7:07:11 AM