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AC 315 Cost Accounting
Hanson, Paul D.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

AC 315 Cost Accounting

Semester

S2T 2012 DL

Faculty

Hanson, Paul D.

Title

Senior Instructor/Adjunct Faculty

Degrees/Certificates

BBA, U of Wisconsin, Milwaukee/Accounting
MBA, Northeastern Illinois University/Accounting
CPA, State of Illinois

Office Location

Norfolk, VA

Office Hours

Online daily, or by appointment

Daytime Phone

757-396-0613 (M-F)

Other Phone

757-277-6500 (home) Please don't call after 10:00 p.m, eastern time.

E-Mail

paul.hanson@park.edu

paul.hanson@navy.mil

Semester Dates

19 March 2012 - 13 May 2012

Class Days

Monday - Sunday each week as determined by student

Class Time

Determined by student

Prerequisites

AC202 and CS 140

Credit Hours

3


Textbook:

Horngren, Charles T., Foster, George; Datar, Srikant, Rajan, Madhav and Ittner, Christopher Cost Accounting: A Managerial Emphasis., Prentice-Hall, Thirteenth Edition, ISBN 13: 978-0-13-612663-8

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
Any Principles of Accounting textbook.

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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.

http://www.myaccountinglab.com

Course Description:
AC315 Cost Accounting: 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 a job order, process, and standard cost system. Prerequisite: AC202 and CS 140 3:0:3

Educational Philosophy:
The facilitator's educational philosophy is one of interactiveness based on presentations, readings, homework assignments, quizzes, dialogues, and examinations.

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:

We will use a variety of assessment instruments: class discussion, homework, quizzes and exams.

Grading:

The grade from this course is a composite grade from answering fourteen discussion questions, completion of ten homework assignments, six quizzes, a mid-term exam and a proctored final exam.

There are two discussion questions per week. You must answer one from numbers 1 or 2 and one from numbers 3 or 4 each week. The answers must be in your own words and not direct quotes from the text or outside sources. Each answer is worth one point for a total of fourteen points of the course grade. These answers are due by Sunday and form the basis for a class discussion.  In order to receive full credit for the discussion questions you must also actively respond to other posts made by students and/or the instructor.

Each homework assignment is worth two percent of the final grade. The total for the ten assignments is twenty points out of the final grading scheme of one hundred points.

The six quizzes are worth 3.5 points each. The total for all six is twenty one points out of the final grading scheme of one hundred points.

The mid-term exam is worth fifteen percent of the final course grade. The mid-term is an un-proctored exam and will be given in week four.

The final exam is worth thirty percent of the final grade. This is given in week eight and is proctored. The exam is a closed book, closed notes. You will be provided a study guide during the course to help you prepare for the exam.

Assessments

Point each

Number of Items

Possible points in course(weighted average)

Percentage(%) of final Grade

Discussion Questions

1

14

14

14

Graded Homework

2

10

20

20

Quizzes

3.5

6

21

21

Mid-term Exam

15

1

15

15

Final Exam

30

1

30

30

Total

n/a

32

100

100%

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:

The solutions to the graded homework, quizzes and mid-term will be posted to the document sharing area every Monday. Once the solutions are posted, no credit will be given for late submissions. If there are mitigating circumstances that could cause late submissions, they must be discussed with me in advance of the answers being posted. 

Classroom Rules of Conduct:

Each student is expected to do their own work, participate in the discussions and not be critical of other students. Every student is expected to participate in the classroom discussions.

Course Topic/Dates/Assignments:

 

Week

Read

Assignments

Graded Homework

Evaluation

1

Chapter 4

Chapter 5

4-13, 4-20, 4-24, 4-39

5-11, 5-18, 5-19, 5-34

4-30

5-25

Quiz 1

2

Chapter 17

Chapter 18

17-16, 17-35, 17-36, 17-41

18-27, 18-30, 18-32

17-30

Quiz 2

3

Chapter 6

Chapter7

6-19, 6-24, 6-35, 6-37

7-26, 7-27, 7-28

6-35

7-17

Quiz 3

4

Chapter 8

Chapter 9

8-20, 8-23, 8-31

9-28, 9-32, 9-39

n/a

Mid-term Exam

5

Chapter 14

Chapter 15

14-16, 14-32, 14-33

15-25, 15-27, 15-30

14-25

15-19

Quiz 4

6

Chapter 16

Chapter 11

16-18, 16-19, 16-27

11-16, 11-18, 11-27, 11-37

16-29

11-29

Quiz 5

7

Chapter 12

Chapter 13

12-16, 12-17, 12-24, 12-36

13-22, 13-23, 13-24, 13-25

12-29

Quiz 6

8

All Previous Assignments

Prepare for Final

n/a

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 93

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. from Park University 2011-2012 Undergraduate Catalog Page 93

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 "F".
  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.
ONLINE NOTE: Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a courserelated question, or using any of the learning management system tools.

Park University 2011-2012 Undergraduate Catalog Page 96

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 .

Additional Information:

In order to help make the class go as smoothly as possible and help you get the most out of it, let me outline a few requirements:


Please let me know by the first day of class or as soon thereafter as possible if you are having problems obtaining the text by so we can make arrangements to make up the work you will miss in week one.
 

I will do my best to be available to help you if you have any questions. I can be reached at all times via my Park email account and will try to respond within 24 hours. Also, I am usually available at the phone numbers provided in the syllabus or in my Instructor Office. Feel free to call me if you have questions about the material or the course. I can also make arrangements to meet in the online chat room if you so desire. My goal is to make sure you pass this class and enjoy learning about accounting. PLEASE, DO NOT HESITATE TO CONTACT ME IF YOU HAVE ANY QUESTIONS!!

It is in your best interest to check the announcements frequently during the term and follow the guidance provided. I put special instructions and information there on a regular basis that will be critical to helping you do well in the class.


Please put your first name and last initial in your file name of whatever quiz or exam you're submitting. For example, using the default file name such as "Quiz1" and adding Paul H to the end would give you a file name of "Quiz1 Paul H" which is how I'd submit it if I were a student in this class.



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:2/18/2012 9:46:12 PM