TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ACT 3395
Managerial/Cost Accounting I
Prerequisites: ACT 2292.
Description
2009-2010 Catalog: An analysis of issues dealing with cost accounting and cost management in
the global economy from the viewpoint of management, including calculating product costs and
period expenses, cost systems for accumulating and managing costs, analyzing cost behavior for
tactical decisions, introduction to activity-based costing, ethical principles for management
accountants, measuring the costs of quality, and preparing the master budget.
Objectives
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 costs 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.
7. Explain how the measurement 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 information 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.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
1 August 2005
Master Syllabus: ACT 3395
2
Approved Texts
Kinney, Michael R. and Cecily A. Raiborn, Cost Accounting: Foundations and Evolutions,
Current Edition with CengageNow, Cengage Learning.
Supplements
CengageNow bundled with textbook. Other supplements as deemed appropriate.
Troy State University Faculty Handbook (2001): Section 3.8.2.8 [extract]—22 essential elements of the syllabus (somewhat modified for space):
a.
b.
c.
d.
e.
f.
g.
Course title
Course number
Term
Instructor
Prerequisites
Office hours
Class days, times
h.
i.
j.
k.
Classroom location n. Grading methods,
Office location
criterion weights,
Office telephone
make-up policy,
Course description,
mid-term grade
objectives
reports
l. Text(s)
o. Procedure, course
m. Other materials
requirements
p. General supports
r. Additional services u. Cheating policy
(computer works,
(Americans with
v. Specialization
writing center)
Disabilities Act,
requirements
q. Daily assignments,
other statements)
(certification,
holidays, add/drop s. Absence policy
licensure, teacher
& open dates, dead t. Incomplete-work
competencies)
day, final exam
policy
Master Syllabus: ACT 3395
3
ACT 3395
Managerial/Cost Accounting I
Course Outline
Chapter 1
Introduction to Cost Accounting
Chapter 2
Cost Terminology and Cost Behaviors
Chapter 17, pp. 645-650
Quality Costs
Chapter 3
Predetermined Overhead Rates, Flexible Budgets, and
Absorption/Variable Costing
Chapter 4
Activity-Based Management and Activity-Based Costing
Chapter 5
Job Order Costing
Chapter 6
Process Costing
Chapter 7
Standard Costing and Variance Analysis
Chapter 8
The Master Budget
Chapter 9
Break-Even Point and Cost-Volume-Profit Analysis
Chapter 10
Relevant Information for Decision Making
Chapter 15
Capital Budgeting (Optional)
Chapter 18
Inventory and Production Management(Optional)
Troy State University Faculty Handbook (2001): Section 3.8.2.8 [extract]—22 essential elements of the syllabus (somewhat modified for space):
a.
b.
c.
d.
e.
f.
g.
Course title
Course number
Term
Instructor
Prerequisites
Office hours
Class days, times
h.
i.
j.
k.
Classroom location n. Grading methods,
Office location
criterion weights,
Office telephone
make-up policy,
Course description,
mid-term grade
objectives
reports
l. Text(s)
o. Procedure, course
m. Other materials
requirements
p. General supports
r. Additional services u. Cheating policy
(computer works,
(Americans with
v. Specialization
writing center)
Disabilities Act,
requirements
q. Daily assignments,
other statements)
(certification,
holidays, add/drop s. Absence policy
licensure, teacher
& open dates, dead t. Incomplete-work
competencies)
day, final exam
policy