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COST /MANAGERIAL ACCOUNTING
ACCOUNTING 3395
SECTION TGAA
SPRING, 2013
** THE LAST DAY TO DROP THIS COURSE IS MARCH 18. **
AFTER THIS DATE, YOU WILL RECEIVE THE GRADE THAT YOU
HAVE EARNED. GRADES OF D/P AND D/F WILL NO LONGER BE
GIVEN. THIS IS THE POLICY FOR EVERY COURSE TAUGHT AT
TROY UNIVERSITY.
IF YOU PURCHASE A NEW TEXTBOOK, THE BOOK WILL COME
WITH A PIECE OF GREEN CARDBOARD WHICH CONTAINS AN
ACCESS CODE (PASSWORD) THAT WILL ENABLE YOU TO USE
ALL SORTS OF STUDY TOOLS ON THE COMPUTER.
IF THE ACCESS CODE COMES WITH THE BOOK, KEEP IT AND USE
IT. DO NOT SPEND THE MONEY TO PURCHASE IT
SEPARATELY.
Instructor:
Office Hours:
Office Location:
Office Telephone:
Email
Course Prerequisites:
Time of Class:
Class Location:
Course Description:
Course Objective:
Lee Daniel
TUES: 8:30 until 11:00; THURS 8:30 until 11:00; FRI 12:00
until 5:00
120 Bibb Graves
334-670-3158
334-670-3136 Departmental Secretary
334-670-3592 FAX
ldaniel@troy.edu
Accounting 2292 (Must have made at least a “C”)
1:00 until 3:30 MW STARTING AFTER SPRING BREAK
BG 223
Manufacturing and distribution cost accounting, material, labor
and overhead costs in job order and process cost accounting.
These courses must be taken in sequence.
On completion of the course, the student should be able to:
1. Calculate the unit cost of a product using absorption costing
and variable costing.
2. Explain how companies accumulate and report costs using job
order costing and process costing.
3. Explain how companies use activity-based costing to
calculate product cost more accurately to compete in the
global economy.
4. Explain the importance of cost accounting information in
helping managers to carry out their functions of planning,
controlling, decision making, and evaluating performance.
5. Explain the importance of cost behavior in making tactical
business decisions.
6. Prepare a master budget.
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7. Explain how the measurements of quality costs relates to
total quality management.
8. Explain the ethical principles that guide the conduct of
management accountants.
PURPOSE
To introduce knowledge of cost accounting concepts and practices from the viewpoint of
management. To show students the importance of cost accounting information for
business success in the global economy The course covers the principles conventions and
concepts underlying cost accounting to help managers carry out their functions of
planning, controlling, decision making, and evaluating performance. Various costing
techniques and applications are covered to sharpen students’ analytical skills.
BABA/BSBA Accounting major requirement.
TEXT (THIS IS A NEW TEXT)
Kinney, Michael R. and Cecily A. Raiborn, Cost Accounting: Foundations and
Evolutions, 9th Edition . This book is available both in paperback and hardback. It does
not matter which one you use.
COURSE OUTLINE
Chapter 1
Chapter 2
Chapter 17
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 13
Chapter 14
Chapter 15
Chapter 18
pp.645-650
Introduction to Cost Accounting
Cost Terminology and Cost Behaviors
Quality Costs
Predetermined Overhead Rates, Flexible Budgets
and Absorption/Variable Costing
Activity- Based Management and Activity Based Costing
Job Order Costing
Process Costing
Standard Costing and Variance Analysis
The Master Budget
Break-Even Point and Cost-Volume –Profit Analysis
Relevant Information for Decision Making
Allocation of Joint Cost and accounting for By- Product
/Scrap
Responsibility Accounting Cost Allocation and Transfer
Pricing
Performance Measurement and Performance Rewards
Capital Budgeting
Inventory and Production Management
QUIZZES There will be many, many short quizzes (10-15) minutes given in this course.
These quizzes will be unannounced. Quizzes of this nature are often called POP quizzes.
In total, these quizzes will count 15 % of the course grade. If you miss a quiz, regardless
of the reason, you get a zero. You can drop two (2) quiz grades. If you miss a quiz, the
zero you got on that quiz will be one of the two drop grades. There is no such thing as a
makeup quiz, REGARDLESS OF THE REASON.
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GRADING
Quizzes (In total)
Three exams @200 points each
COMPREHENSIVE Final Exam
Total Points
Total Points
1000 – 900
899 - 800
799 – 700
699 - 600
Less than 600
First day of class
Last Day of Class
Dead Day
FINAL EXAM
150 points
600 points
250 points
1,000 points
Grade in Course
A
B
C
D
F
DATES TO REMEMBER
March 18
April 30
**NO CLASSES**
May 1
May 3rd at 5:00
CLASSROOM ADMINISTRATION
1. Please get to class on time. People who come in late disturb everyone else.
2. PLAIN ‘OL CALCULATORS ARE THE ONLY MECHANICAL DEVICES
ALLOWED ON EXAMS. TRANSLATING DEVICES (ELECTRONIC
DICTIONARIES) ARE NOT ALLOWED. CELL PHONES ARE NOT
ALLOWED.
3. If you are an accounting major, you must make at least a “C” in the course or it will
have to be repeated. This is a School of Accountancy rule, not mine.
4. The classroom is not a lunchroom. Please do not plan on having lunch (or breakfast) in
here because the noise disturbs other people. If you just have to bring a beverage in here,
please make sure it is in either a can or a bottle. Drinks that are in a cup full of ice
make a lot of noise, so please don’t bring either ice cups or food in here.
5. You are not required to take any of the first three exams. They are all optional. The
only thing you must take is the final exam. If you do not take one of the first three
exams, the grade you make on the final exam will be your grade for the exam(s)
that was missed. If you choose to take an exam and do poorly, don’t ask if
we can “forget” about that grade and let the final count extra. The answer to that
question is NO.
7. THERE IS NO SUCH THING AS A MAKE UP EXAM /QUIZ IN THIS
COURSE.
8. THERE IS NO SUCH THING AS EXTRA CREDIT IN THIS COURSE.
9. You can drop two quiz grades but cannot drop any exam grades.
ADDITIONAL SERVICES
AMERICANS WITH DISABILITIES ACT
Troy University supports Section 504 of the Rehabilitation Act of 1973 and the
Americans with Disabilities Act of 1990, which insure that postsecondary students with
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disabilities have equal access to all academic programs, physical access to all buildings,
facilities and events, and are not discriminated against on the basis of disability. Eligible
students, with appropriate documentation, will be provided equal opportunity to
demonstrate their academic skills and potential through the provision of academic
adaptations and reasonable accommodations. Further information, including appropriate
contact information, can be found at the link for Troy University’s Office of Human
Resources at http://www.troy.edu/humanresources/ADAPolicy2003.htm
CELL PHONE AND OTHER ELECTRONIC DEVICE
Use of any electronic devise by students in the instructional environment is prohibited
unless explicitly approved on a case-by-case basis by the instructor of record or by the
Office of Disability Services in collaboration with the instructor. Cellular phones, pagers,
and other communication devices may be used for emergencies, however, but sending or
receiving non-emergency messages is forbidden by the University. Particularly, use of a
communication device to violate the Troy University “Standards of Conduct” will result
in appropriate disciplinary action (See the Oracle.)
In order to receive emergency messages from the University or family members, the call
receipt indicator on devices must be in the vibration mode or other unobtrusive mode of
indication. Students receiving calls that they believe to be emergency calls must answer
quietly without disturbing the teaching environment. If the call is an emergency, they
must move unobtrusively and quietly from the instructional area and notify the instructor
as soon as reasonably possible. Students who are expecting an emergency call should
inform the instructor before the start of the instructional period.
ATTENDANCE POLICY
Attendance will be taken at each class meeting, but will not count any part of the course
grade.
INCOMPLETE WORK POLICY
The only time this policy is needed is if you don’t show up for the final exam. If you
don’t take the final exam, regardless of the reason, you will receive an “F” in the course
rather than an Incomplete. However, when you do take the final exam, the “F” will be
changed to whatever grade you made.
NOTE: If you do not take the final exam, regardless of the reason, you will be given a
make-up exam that is considerably more difficult than the original final. If you know in
advance that you will have to miss the final exam, you may, if you wish take it early.
CHEATING POLICY
The cheating policy is very simple. If you are caught cheating, you FLUNK THE
ENTIRE COURSE. There is no such thing as a second chance. Cheating is cheating,
whether it is “just a quiz”, the final exam, or anything in between.
OTHER INFORMATION
Over the years, many students have done poorly in this course because they didn’t read
the syllabus and therefore didn’t know the rules. For example, some students didn’t
know that the final exam was comprehensive. Other students didn’t know that they were
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allowed to use calculators on exams. In an attempt to motivate you to read this syllabus,
all of the exams will contain at least one question from this syllabus.
MAKE UP EXAMS/QUIZZES
Good excuse, bad excuse, or no excuse at all, THERE IS NO SUCH THING AS A
MAKE UP EXAM /QUIZ. If you don’t take one of the exams, regardless of the reason,
the grade you make on the final exam will be your grade for the exam that was missed. If
you miss a quiz, regardless of the reason, you get a zero.
School of Accountancy Mission Statement: The mission of the School of Accountancy
is to advance the accounting profession by providing quality accounting education to both
undergraduate and graduate students, publishing quality research and providing service to
the professional community. We prepare students for successful careers with increasing
professional and managerial responsibility in public accounting as well as government
and industry and prepare undergraduate students for admission to graduate programs in
accounting and business.
SCOB Mission Statement
The Sorrell College of Business supports the Troy University mission by preparing our
diverse student body to become ethical professionals equipped to compete in the global
business environment. To achieve this, our faculty, staff, and administration will:
1) provide quality education in global business through our undergraduate and
graduate programs, delivered around the world through face-to-face and online
environments, to traditional, non-traditional, military, and international students;
2) contribute to the development and application of knowledge focused on applied
business, learning, and pedagogical research;
3) provide service to the University, business and professional organizations, and our
communities through individual involvement, business outreach, and our centers
for research.
SCOB Value Statement
The Sorrell College of Business will be a recognized and respected leader for quality and
flexibility in the delivery of business education that prepares graduates to succeed in the
global business environment.
Troy University Mission Statement: Troy University is a public institution comprised of a
network of campuses throughout Alabama and worldwide. International in scope, Troy
University provides a variety of educational programs at the undergraduate and graduate levels
for a diverse student body in traditional, nontraditional and emerging electronic formats.
Academic programs are supported by a variety of student services which promote the welfare of
the individual student. Troy University's dedicated faculty and staff promote discovery and
exploration of knowledge and its application to life-long success through effective teaching,
service, creative partnerships, scholarship and research.