Syllabus Entrance
Printer Friendly
Email Syllabus

AC 315 Cost Accounting
Ceglinski, Ronald R.


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.
CourseAC 315 Cost Accounting SC
SemesterS2R2005
FacultyCeglinski, Ronald R.
TitleAdjunct Faculty
Degrees/CertificatesMasters in Business Administration
Bachelors in Business Administration
Daytime Phone(618) 229-6161
E-MailRonald.Ceglinski@park.edu
Ronald.Ceglinski@scott.af.mil
Semester Dates22 March to 12 May 2005
Class Days--T-R--
Class Time5:00 - 7:30 PM
PerquisitesAC202
Credit Hours3

Textbook:
Cost Accounting, A Managerial Emphasis, 11th Edition, 2003, Horngren, Datar, Foster.


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 instructor emphasizes class discussion and a combination of examinations and classroom participation to determine mastery of the subject.

Learning Outcomes:
1.  The student should be able to describe the major role accounting plays in management decision making and how managerial accounting provides information to management to make optimal decisions.
2.  Define and describe between direct and indirect costs, variable and fixed costs, and the three categories of inventories.
3.  Understand the assumptions underlying cost volume profit analysis and apply to a company producing different products.
4.  Outline a seven step approach to job costing and be able to track the flow of costs in the system.
5.  Identify the situations in which process costing systems are appropriate and describe the five steps in process costing.
6.  Use weighted average and first in first out method of process costing and explain the different results of each method.
7.  Describe activity base costing and be able to cost products or services use it.  Compare the results with department costing systems.
8.  Describe the advantages of budgets and prepare an operating budget with supporting schedules.
9.  Identify the differences between variable and absorption costing and explain the differences in operating income.
10.  Outline how costs can behave in linear manner and be able to develop a cost line.
11.  Explain non-linear costs and be able to calculate costs using different learning curves.

Course Assessment:
Three equally weighted examinations and classroom participation.

Grading:
Three exams 100 points each.

Late Submission of Course Materials:
To be arranged with the consent of the instructor and the school.

Classroom Rules of Conduct:
At no time will other opinions and presentations be disparaged.  

Course Topic/Dates/Assignments:
22 Mar 05 Chapter One,  1-16, 1-17, 1-18, 1-24, 1-26, 1-29
24 Mar 05 Chapter Two,  2-1, 2-2, 2-6, 2-7, 2-8, 2-10, 2-16, 2-21, 2-27
29 Mar 05 Chapter Three, 3-1, 3-2, 3-4, 3-16, 3-17, 3-18
31 Mar 05 Chapter Three, 3-20, 3-23, 3-24, 3-30, 3-32
5 Apr 05  Exam I
7 Apr 05  Chapter Four, 4-2, 4-4, 4-16, 4-17, 4-18, 4-20
12 Apr 05 Chapter Seventeen,17-3, 17-6, 17-16, 17-17, 17-18
14 Apr 05 Chapter Seventeen,17-19,17-20, 17-21, 17-22,17-23
19 Apr 05 Chapter Five, 5-4, 5-10, 5-16, 5-18, 5-19
21 Apr 05 Chapter Five 5-20, 5-24, 5-25, 5-36
26 Apr 05 Exam II
28 Apr 05 Chapter Six, 6-1, 6-17, 6-18, 6-19, 6-23, 6-30
3 May 05  Chapter Seven, 7-5, 7-6, 7-16, 7-17, 7-22, 7-25
5 May 05  Chapter 10, 10-3, 10-8, 10-17, 10-22
10 May 05 Chapter 10, 10-27, 10-28, 10-29
12 May 05 Final Exam

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 2004-2005 Undergraduate Catalog
Page 101

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

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 2004-2005 Undergraduate Catalog Page 100

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. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners 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 American with Disabilities Act of 1990, regarding learners 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:
http://www.park.edu/disability
 
.

Copyright:
This material is copyright and can not be reused without author permission.