University of Arkansas
Master of Science-Operations Management
OMGT 4323
Industrial Cost Analysis
Term 1, Fall 2011
August 22 --- October 13
Instructor:
Phone:
E-mail:
Textbook:
Leonard Nethercutt
501-470-3913
leonard@nethercutts.com
Introduction to Management Accounting
Horngren, Sundem, Stratton, Burgstahler, & Schatzberg--15th Edition
(Chapters 1 – 17)
Course Number: OMGT 4323
Industrial Cost Analysis
Use of accounting information for planning and control from a management viewpoint;
principles of cost accounting and other aspects of production costs; budgeting, depreciation,
taxes, distribution of profits, securities, sources of corporate capital, and interpretation of
financial statements.
Textbook: Introduction to Management Accounting, Chapters 1-17 Horngren, Sundem,
Stratton,Burgstahler, and Schatzberg 15th ed., 2011, Prentice Hall, ISBN 10:0-13-610265-4
13: 978-0-13-610265-6
Course Objective:
The course objective is to become a knowledgeable user of the accounting/management
information system. The course will provide the student with an understanding of the processes
utilized in the accounting information system to produce financial and management reports. An
understanding of the accounting process will lead to more effective problem solving, enhanced
performance analysis, and increased managerial insight.
The course will examine the following areas:
 cost measurement, behavior, and allocation
 decision making and decision making information
 budgeting and control systems
 cost allocation process
 introduction to basic financial accounting
-1-
Course Requirements:
The basis for the course grade includes the following components and respective weights/points:
 Exam 1--Online
100 points
 Exam 2--Online
100 points
 Assignments(six@30 points each)
180 points
The course grade will be based on exam and assignment performance---380 points possible---and
determined from the scale below:
A = 90% and above
B = 80% to 89%
C = 70% to 79%
D = 60% to 69%
F = all others
Exam Format: The online exams uses the online Proctoring serve—ProctorU--- and consists of
multiple choice questions that include terminology, concepts, applications, and calculations. The
scheduled exam availability dates follow:
Exam 1---September 9 – September 20
Exam 2---October 7 – October 13
Certification/Proficiency Exam Information: The Certification or Proficiency Exam is a timed,
open book, proctored, online exam that consists of multiple choice questions covering
terminology, concepts, and problems. Approximately 2/3 of the questions focus on terminology
and concepts while the remaining questions are problems and require calculations. The exam
questions come from material presented in the chapters included on the class schedule. A
minimum score of 70% is required for a ‘Pass’ result on the certification exam. Students
completing the Certification Exam will receive a ‘Pass’ or ‘No Pass’ result and will not receive
specific feedback of questions missed. Additional information is available on the MSOM
department website.
Communication.
The course utilizes Blackboard as the primary channel of communication.
The course home page on Blackboard is located at http://learn.uark.edu. The Blackboard area is
used for course information and communication including:
 Dissemination of course materials including the syllabus and course changes
 Assignment detail and submission area
 Grade access
 Email communication
 Discussion group(s)
 Chapter Objectives, Overview, Outline, and Self Tests
 Problem Solutions
Each student is expected to check the Blackboard page regularly for course information, grades,
course communication, and email.
If you have a question that needs an immediate response, do not hesitate to call me.
-2-
Other Information.
Please read the University’s Academic Dishonesty Policy that appears below. OMGT4323 is
offered in a video format. Each student is solely responsible for completing course requirements
in an ethical manner. Assignments and tests must reflect your work and understanding of the
material presented during the term. You are not precluded from discussing material, comparing
ideas, sharing experience with other students to enhance, clarify, and extend understanding of the
course material. The performance on the exams must reflect only your work and understanding
of the material.
Academic Dishonesty.
 The University of Arkansas strives to be a center of academic excellence. As part of our
Statement of Ethics, the University strives to preserve academic honor and integrity by
repudiating all forms of academic and intellectual dishonesty, including cheating,
plagiarism and all other forms of academic dishonesty. Academic dishonesty is
unacceptable and is subject to a disciplinary response.

Students who are caught cheating or committing plagiarism may be given a failing grade
in the course by the professor and may be subject to dismissal or further discipline.

Plagiarism is often misunderstood. It can be defined as submitting someone else’s work
as your own. It is not permissible to “cut and paste” and then just cite another’s work. In
writing for homework or projects, you should read and learn, process through your mind,
relate ideas, and then express what you learned in your own words. Cite the references
where you found your information. If you do use someone else’s words, you must use
quotation marks and cite. You should not overuse quotes – save them for a rare
occurrence.
More information is available in the UA Student Handbook and the UA Graduate Catalog.
Inclement Weather Policy.
Weather is unlikely to force cancellation of any online classes or activities. If a known weather
event is approaching, it is good practice for students to turn in work early in case of local power
outages.
-3-