TOURO COLLEGE COURSE SYLLABUS
DEPARTMENT: Business
COURSE TITLE: Cost Accounting
COURSE NUMBER : EBA 213
PREREQUISITES: EBA 101, EBA 102
CREDIT HOURS: 3
DEVELOPER: Professor Simon Saltz
LAST UPDATE : December 1,2003
COURSE DESCRIPTION:
Cost accounting focuses on cost determination for manufacturers, products and services. This includes the
establishment and maintenance of job order and process cost systems, and the classification of costs as
product or period, direct or indirect. Also included are managerial techniques and systems such as budgeting and variance analysis, which enable a business to manage its affairs more efficiently
.
COURSE/ DEPARTMENTAL OBJECTIVES:
Students should be able to understand the thinking and systems of the business world. Understanding how the cost of a product is determined, as it moves through the manufacturing process, enables students to gain
insight into how pricing decisions are made. They will be in a better position to determine whether a business is price gouging and can be an effective force in countering such behavior. Understanding budgeting systems enables one to properly manage a business and diagnose the causes of poor business performance. This could
help preserve jobs for employees and investment value for shareholders.
COURSE/ INSTITUTIONAL OBJECTIVES:
1. To further professional career interests of students in the field of accounting.
2. To develop students' critical reasoning skills
3. To foster analytical and quantitative thinking.
4. To develop students' abilities to solve problems and interpret data.
COURSE CONTENT:
1. Cost Terms and Concepts
Direct and indirect costs (direct materials, direct labor, overhead product and period costs, variable and fixed costs.
Schedule of cost of finished goods manufactured.
2. Costing Systems
Job order and process costing , overhead and applied, allocating indirect costs to production, adjusting over- applied and under-applied overhead.
3. Process Cost Systems
Steps for solving process cost problem, weighted average and FIFO methods, transfers between production departments.
4. Spoilage
Normal and abnormal spoilage, process costing and spoilage, job order costing and spoilage.
5.Cost, Volume, Profit Relationships
Breakeven analysis, contribution margin, sensitivity analysis.
6. Introduction to Budgeting and Variance Analysis
Static and flexible budgets.
7. Flexible Budgeting and Standard Cost Systems
Levels of variance analysis, price and volume variances, direct materials, direct labor, variable and fixed overhead variance analyses, standard costing journal entries.
8. Alternative Inventory Costing Methods
Absorption costing and variable costing.

9. Joint Products. and Byproducts
Allocation methods -physical quantity and net realizable value.
10. Introduction to Capital Budgeting
Net present value, payback period, internal rate of return, accounting rate of return.
HARDWARE/SOFTWARE/MATERIALS REQUIREMENTS:
Excel spreadsheet program, McGraw Hill Irwin (course textbook publisher) templates and web site.
COURSE REQUIREMENTS :
Class attendance, completion of reading and homework assignments, attaining passing grades on midterm and final examinations.
GRADING GUIDELINES :
Course grades are based on performance on midterm and final examinations, completion of
homework assignments, attendance and classroom participation. -
METHODOLOGY :
Classroom lectures, with student participation and input highly encouraged. Textbook and other resource readings, before and after lectures.
Problem solving homework exercises assigned after lecture, to test students' understanding of
new material. Solution of homework problems reviewed in class during the following session.
Independent research on relevant topics encouraged.
COURSE TEXT:
Title: Managerial Accounting
Author: Ronald W. Hilton
Publication Date: 2002
Publisher: McGraw-Hill Irwin
ISBN: 0-07-239466-8
Edition: Fifth
Bibliography:
Title Cost Accounting
Authors: Horngren, Foster, Datar
Publication Date: 2000
Publisher: Prentice Hall
ISBN: 0-13-084371-7
Powerweb: Cost and Management Accounting
Hansen & Mowen, Cost Management, accounting and Control, South-Western, 3 rd Edition (textbook)
Cost Accounting: A Decision Emphasis (Fourth Edition) by Boer, Ferrara, Jeter, Steedle, & Pineo
Dame Publishing

."
.
! " " ' :
'")
BmLIOGRAPHY :
Title: Cost Accounting
Authors: Homgren, Foster, Datar Publication Date: 2000 Publisher: Prentice Hall ISBN: 0-13-084371-7 Edition: Tenth
Powerweb: Co~t and Management Accounting
~ ~~w:~ _J
Hansen & Mowen, Cost Management, Accounting and Control, South-Western, 3rd Edition.
(textbook)
Cost Accountinl!: A Decision EmQhasis (Fourth Edition) by Boer, Ferrara, Jeter, Steedle, , and Pineno
1 Dame Publishing
~_:::.,!tc,,{'.,;f~i
-~-
--
?
I
(