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AC 315 Cost Accounting
Vocca, Donald E.


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

S1DD 2008 DC

Faculty

Vocca, Donald E.

Title

Senior Instructor

Degrees/Certificates

Myers University  BS Management
Kent State University  M.Ed

Office Hours

Before or after class

Daytime Phone

740-927-9434

E-Mail

donald.vocca@park.edu

Semester Dates

January 14, 2008 to March 8, 2008

Class Days

--TWR--

Class Time

11:00 - 12:45 PM

Credit Hours

3


Textbook:

Cost Accounting
Twelfth Edition
Horngren, Datar, Foster
Pearson Prentice Hall
ISBN 0-13-148538-0

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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 a job order, process, and standard cost system. Prerequisite: AC202 and CS 140 3:0:3

Educational Philosophy:

The basic format of each session is lecture with the use of powerpoint slides, active discussion, review of  problems and group projects.

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:

There will be an assigned problem as homework and will be turned in at the due date as specified in the specific course dates and assignment section. Each student is expected to be come to class prepared to discuss the material and problems assigned for each class.

Grading:

Attendance                                      1 point for each session  (24 session)                                  total points     24
 
Homework turned in on time          5 points for each assignment (16 assignments)                  total points    80        
 
Mid Term Examination                    20 points (max)                                                                          total  points    20
 
Final Examination                             100 points    (max)                                                                     total points     100     
 
Total points you can earn                                                                                                                                             224
 
Example of grading plan
 
perfect attendance                                                               24 points
homework turned in 10                                                        50 points
midterm score   20 points                                                     20 points
final exam score  90                                                               90 points
total                                                                                        184 total points earned
 
 
Letter grade breakdown
 
210 to 224              =   A
 195 to 209            =    B
180 to 194             =    C
165 to  179            =    D
164 and lower      =     F             
 
 
Based on the above example, this student earned a final grade of   C                    

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 and Management 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 and Management.

Late Submission of Course Materials:
Late work, while it should be infrequent will be accepted with a valid reason such as illness, travel of family emergency.

Classroom Rules of Conduct:

Cell phones on vibrate
Class will start  on time whether you are there of not. No repeat performances if you are late
No tolerance for side converstations, if this happens I will stop the lecture until it ends.
 

Course Topic/Dates/Assignments:

Week One
 
January  15           Lecture and powerpoint on Chapter one
                               do exercise 1.16 and be ready to discuss in class
                               homework  problem 1.30, hand in Jan 16.
 
January 16           Review of 1.30 and discuss in class
                              Lecture and powerpoint on chapter two
                              do exercise 2.16 and be ready to discuss in class
                              homework problem 2.25 hand in Jan 17
 
January 17          Review homework 2.25 and discuss in class
                              Lecture and powerpoint on chapter three
                              do exercise 3.16 and be ready to discuss in class
                              homework 3.30 hand in Jan 22
 
January 22            Review of homework 3.30 and discuss in class
                              Lecture and powerpoint on chapter four
                              do exercise 4.16 and be ready to discuss in class
                              homework 4.26, hand in Jan 23
 
January 23            Review of homework 4.26 and discuss in class
                              Lecture and powerpoint on chapter five
                              do exercise 5.16 and be ready to discuss in class
                              homework 5.20, hand in Jan 24
 
Januarey 24         Review of homework 5.20 and discuss in class
                              Lecture and powerpoint on chapter six
                              do exercise 6.16 and be ready to discuss in class
                              homework 6.28, hand in Jan 29
 
January 29         Review of homework 6.28 and discuss in class
                           Lecture and powerpoint on chapter seven
                           do exercise 7.18 and be ready to discuss in class
                           homework 7.32, hand in Jan 30
 
January  30      Review of homework 7.32 and discuss in class
                           Lecture and powerpoint on chapter eight
                           do exercise 8.16 and be ready to discuss in class
                           homework 8.21, hand in Jan 31
 
January 31      Review of homework 8.21 and discuss in class
                        Lecture and powerpoint on chapter nine
                        do exercise 9.16 and be ready to discuss in class
                        homework 9.30, hand in Feb 5
 
February 5     Review of homework 9.30 and discuss in class
                        Lecture and powerpoint on chapter ten
                        do exercise10.16 and be ready to discuss in class
                        homework 10.30, hand in Feb 6
                        
February 6   Review of homework 10.30 and discuss in class
                     Lecture and powerpoint on chapter eleven
                     do exercise 11.21 and be ready to discuss in class
                     homework 11.31, hand in Feb 7
 
February 7   Review of homework 11.31and discuss in class
                     Lecture and powerpoint  on chapter twelve
                     do exercise12.16 and be ready to discuss in class
                     homework 12.27 hand in Feb 12
 
February 12  Review of homework 12.27
 
                        MID TERM EXAM OVER CHAPTERS 1 THRU 12   
 
February 13    Review of midterm answers
                         Lecture and powerpoint on chapter thirteen
                        do exercise 13.17 and be ready to discuss in class
                        homework 13.30, turn in Feb 14
 
February 14   Review of homework 13.30 and discuss in class
                        Lecture and powerpoint on chapter fourteen
                        do exercise 14.16 and be ready to discuss  in class
                        homework 14.29, turn in Feb 19
 
February 19   Review homework 14,29 and discuss in class
                        Lecture and powerpoint on chapter fifteen
                        do exercise 15.16 and be ready to discuss  in class
                        homework 15.23, turn in  Feb 20
 
February 20   Review homework 15.23 and discuss in class
                        Lecture and powerpoint on chapter sixteen
                        do exercise16.16 and be ready to discuss in class
                        homework 16.26, turn in Feb 21
 
February 21   Review of homework 16.26 and discuss in class
                        lecture and powerpoing on chapter seventeen
                        do exercise 17.16 and be ready to discuss  in class
                        homework 17.30, turn in Feb 26
 
February 26   Review of homework 17.30 and discuss in class
                        lecture and powerpoint on chapter eighteen
                        do exercise 18.19 and be ready do discuss in class
                        homework 18.30, turn in Feb 27
 
February 27   Review of homework 18.30 and discuss in class
                        lecture and powerpoing on chapter nineteen
                        do exercise 19.16 and be ready to discuss in class
                        homework 19.27, turn in Feb 28
 
February 28   Review of homework 19.27 and discuss in class
                        lecture and powerpoint on chapter twenty
                        do exercise 20.16 and be ready to discuss in class
                        no homework
 
March 4         lecture and powerpoint on chapter twenty one
                        do exercise 21.16 in class and discuss
 
March 5        review of chapters 13-21
 
March 6         Final Exam to cover chapters 13 -21
            
               
 
 

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 2007-2008 Undergraduate Catalog Page 85-86

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 2007-2008 Undergraduate Catalog Page 85

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.
  3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  4. 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".
  5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  6. 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.
  7. 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 2007-2008 Undergraduate Catalog Page 87-88

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:12/13/2007 12:00:03 PM