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ACCOUNTING 2020-100
COST ACCOUNTING
CLASS SYLLABUS - FALL 2015
(Subject to Change)
Instructor:
Class location:
Email:
Office:
Office phone:
Office hours:
Rick Serafini, CPA, CMA, MAC
Online
rick_serafini@ivcc.edu
A 327
815-224-0392
Monday
8:45-9:15, 6:00-6:30
Tuesday
9:30-11:00
Wednesday
8:45-9:15
Thursday
9:30-11:00
Friday
8:15-9:15
Also By Appointment
TABLE OF CONTENTS
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
XIII.
XIV.
XV.
XVI.
XVII.
XVIII.
XIX.
XX.
XX.
XXI.
Course Description
Prerequisite
Expected Learning Outcomes
Course Materials
Assessment of Student Learning
Grading Scale
Contesting of Grades
Structure of Class
Classroom Rules
Instructor Expectations
Assessment Guidelines
Attendance Policy
Late Submission Policy
Extra Credit Policy
Plagiarism & Cheating
Special Needs
Withdrawal Policy & Financial Aid
Communicating with the Instructor
Student Email
On-line Requirements
Assignments & Due Dates
Class Schedule
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I. COURSE DESCRIPTION
A study of the process of generating accounting data which will be useful to management
in performing the functions of planning and control and decision making.
II. PREREQUISITE
Completion of Managerial Accounting ACT-1020.
III. EXPECTED LEARNING OUTCOMES
Upon successful completion of the course, the student will have covered;
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Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Pricing Decisions and Cost Management
Cost Allocation, Customer-Profitability Analysis, and Sales-Variance
Analysis
Allocation of Support-Department Costs, Common Costs, and Revenues
Cost Allocation: Joint Products and Byproducts
Process Costing
Spoilage, Rework, and Scrap
Balanced Scorecard: Quality, Time
Inventory Management, Just-in-Time, and Simplified Costing Methods
Capital Budgeting and Cost Analysis
Management Control Systems, Transfer Pricing, and Multinational
Considerations
Performance Measurement, Compensation, and Multinational
Considerations
IV. COURSE MATERIALS
REQUIRED
- Cost Accounting, 15th edition, Horngren, Datar, Rajan Pearson
- MYACCOUNTINGLAB Access Code
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V. ASSESSMENT OF STUDENT LEARNING
Point Distribution
Exams
Quizzes
Chapter Assignments
Discussion Questions
Total
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10
10
10
680 points
120 points
150 points
50 points
1,000 points
VI. GRADING SCALE
90% - 100%
80% - 89%
65% - 79%
50% - 64%
< 50%
(900 – 1,000) pts
(800 – 889) pts
(650 – 799) pts
(550 – 649) pts
< 550
A
B
C
D
F
The instructor reserves the right to apply a class curve to points awarded. Final grades
are based on points, not percentages!
VII. CONTESTING OF GRADES
Any student wishing to contest a grade for any assignment must do so within 48 hours of
the posting of the grade on Blackboard – days when the college is closed do not count.
All grades after this time are final and not subject to change!
VIII. STRUCTURE OF THE CLASS
As mentioned above, the class will be administered in an on-line format. As such, you will
be required to use a greater amount of self-discipline and independent effort than you
might otherwise use in a normal face-to-face format. Cost Accounting will be an
extension of Managerial Accounting and as such we will be delving deeper into some of
the topics you covered in ACT 1020 along with introducing a number of new concepts and
practices. It is important to keep up with the material and to make sure that you complete
all homework assignments in a timely manner.
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IX. CLASSROOM RULES
Since this is an online class, the classroom rules are essentially to follow the instructions
as given to you in this Class Syllabus along with following the rules for Netiqutte as
outlined below.
X. INSTRUCTOR EXPECTATIONS
The material found in this course is intended for the student who has prior knowledge of
managerial accounting. Accounting is a discipline that requires you to master many
concepts and to demonstrate this understanding you will be required to work through
various problems on the exams. The book is generously populated with various visual
aids to help the student understand the process of solving these problems.
Accounting is a discipline that must be mastered through repetition and the working of
problems. YOU SHOULD EXPECT TO SPEND 10 – 14 HOURS PER WEEK STUDYING THE
TEXTBOOK AND WORKING ON HOMEWORK ASSIGNMENTS.
Individual time
requirements will vary on the student’s ability.
Cost Accounting will build upon what you have learned in Managerial Accounting by
building on the complexity of the topics you have already been exposed to. It is of the
upmost importance that the student work as many problems as possible to get a
thorough understanding of the material.
To be a successful in this class, the student should do the following;
1. Read the chapter quickly to get a “feel” of the material being presented.
2. Re-read the chapter a second time much more slowly highlighting specific areas
that the author is introducing.
3. Make a note card or other study aid to help commit certain concepts to memory.
Accounting is a transactional discipline that involves the application of various
steps in order to correctly apply a concept. The student will be required to
develop their own study pattern to help commit these steps to memory.
4. Work the problems as assigned. Do the best you can to complete ALL of the
material assigned. It is imperative that the student works, and in some cases,
reworks problems over and over to develop the skill sets necessary to successfully
apply the concepts in the chapter.
5. Review the solutions to the material assigned. The solutions will be available in
Blackboard the day after the due date. Go back over your homework to make sure
you understand where you made any errors. Rework those problems that you had
difficulty with.
6. IF YOU STILL ARE HAVING PROBLEMS, MAKE AN APPOINTMENT TO SEE ME SO
THAT WE MAY DEVELOP A PLAN TO MOVE FORWARD. THIS MAY INVOLVE USING
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TUTORING SERVICES AT THE COLLEGE IN ORDER TO HELP YOU BETTER
UNDERSTAND THE MATERIAL.
XI. ASSESSMENT GUIDELINES
(1) Chapter Assignments
You will have 12 chapter assignments with only the highest 10 counting. Each chapter
can consist of exercises and problems and is worth 15 points. The suggested time allowed
for completing the homework for each chapter on average using the publisher’s time
requirements range from 3 to 4 hours. For some you may find you need more or less time
than the author suggests so please budget you time accordingly. See separate instructions
under the file entitled “Assignments and Due Dates” under Course Information in
Blackboard for a summary of all of your assignments and the due dates.
The homework must be submitted through MYACCOUNTINGLAB, paper submissions will
not be accepted. Homework solutions will be available in MYACCOUNTINGLAB after the
due date of the assignment. To view the solutions to the homework go to your grade
book tab and click on the assignment after the due date; there you will see the correct
solutions. This should be done after each assignment so you can see where you had
difficulty and what areas you should go back and review. Should you need further
clarification on specific homework questions please contact the instructor.
(2) Quizzes
You will be required to complete a quiz for each of the 12 chapters with the highest 10
scores counting. You may use whatever materials you need in order to complete the quiz.
Each quiz is worth 12 points. Each quiz is designed to give you a sample of some of the
material that you will face on your exams. The due dates for all quizzes can be found
under the file mentioned above entitled “Assignments and Due Dates”.
You will be taking the quizzes using the MYACCOUNTINGLAB platform. Quiz solutions will
be available in MYACCOUNTINGLAB after the due date of the assignment. To view the
solutions to the quiz go to your grade book tab and click on the assignment after the
due date; there you will see the correct solutions. This should be done after each quiz
so you can see where you had difficulty and what areas you should go back and review.
Should you need further clarification on the quizzes please contact the instructor.
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(2) Exams
There will be four exams totaling 680 points. The exams with their relative point value
and coverage area are as follows:
Exam #1
Chapters 12, 13, 14
170 points
Exam #2
Chapters 15, 16, 17
170 points
Exam #3
Chapters 18, 19, 20
170 points
Exam #4
Chapters 21, 22, 23
170 points
Exams will be closed book. A calculator will be provided for you. Exams will be
administered through the Assessment Center and taken both on paper and using
MYACCOUNTINGLAB. It will be up to you to make arrangements with the Assessment
Center by calling (815) 224-0542.
One part of the exam will be multiple choice using paper and pencil. You will be required
to submit this portion of the exam using a Scantron answering sheet. The other portion
of the exam will be completed using the MYACCOUNTINGLAB platform. Be sure to bring
the MYACCOUNTINGLAB address (http://www.myaccountinglab.com) along with your
username and password with you to the examination.
Please see separate instructions under the file entitled “Study Guide for Exams” under
Course Information in Blackboard so you can be prepared to take the exam when the time
comes. You will be required to take the exams during the designated weeks in the course
outline provided to you.
Exams can consist of multiple choice with both theory and problem solving questions
along with three questions similar to exercises you completed during your homework
assignments. Exams will have a time limit of three (3) hours per exam.
It is unlikely that you will need this amount of time to complete each exam. Your ability
to complete the exams in a timely manner will depend upon how well you have mastered
the chapter material that has been assigned to you.
Exams will be available for your review after the due date of the exam has passed. Should
you wish to review the results with your instructor please contact me and we can set
up a time to meet.
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(4)Discussion Questions
You will be given one discussion question for each of the 12 chapters with the highest 10
scores counting. Discussion questions will be posted using Blackboard. You will be
required to post a response for each of the chapters. Your responses must be substantive
and contain a well-thought answer in order to receive high credit. Short answers with no
justification in support of your position will be penalized accordingly. You will each be
required to post a response to at least one of your fellow students in order to receive
full credit. Full credit however will only be given for superior responses. Grammar and
spelling errors will cost you points so be careful!
XII. ATTENDANCE POLICY
This course will be taught in an on-line format. Your “attendance” will be monitored by
your weekly submission of assignments and your timely postings to the discussion board.
You are expected to log in at least once every 48 hours and submit your work on an
ongoing basis throughout the semester; failure to follow this rule can cause you to be
withdrawn from the class at the discretion of the instructor!
XIII. LATE SUBMISSION POLICY
All assignments are due on the date indicated under the section entitled “Assignments
and Due Dates” found in this Class Syllabus. ALL ASSIGNMENTS ARE DUE ON THE DATE
IDENTIFIED IN THIS DOCUMENT WITH NO EXCEPTIONS WHATSOEVER. The following
are specific guidelines for each of the assessment types:
(1) Chapter Assignments, Quizzes, and Discussion Board Postings;
I realize that there can always be unforeseen circumstances outside of the control of the
student which will make it impossible to meet a due date for a given assignment;
therefore I will drop the (2) lowest chapter assignments, the (2) lowest discussion board
postings and the (2) lowest quiz scores. This will allow for most any unforeseen
circumstances that might arise. No late submissions to the discussion board will be
allowed under any circumstances.
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(2) Exams;
Exams are due during the week specified under “Assignments and Due Dates” and must
be taken in the Assessment Center. Exams can be taken any day during that particular
exam week but must be taken during the period Monday - Friday. Reproduced here are
the dates for each of the exams;
Exam 1
Exam 2
Exam 3
Exam 4
09-07-15 to 09-11-15
10-05-15 to 10-08-15
11-09-15 to 11-13-15
12-07-15 to 12-11-15
(Monday – Friday)
(Monday – Thursday)
(Monday – Friday)
(Monday – Friday)
There will be no makeup tests unless the student contacts the instructor before the final
dates shown above for each of the exams. If the student does not contact the instructor
before this date they will receive a zero (0) for that exam! If the student does contact
the instructor with a legitimate reason as determined by the instructor as to why they
cannot take the exam during the time allotted, an alternative time will be arranged. This
will be done only under extreme circumstances.
THERE WILL BE NO EXCEPTIONS BEYOND THIS POLICY FOR ANY REASON!
XIV. EXTRA CREDIT POLICY
No extra credit is given in this course; however the instructor reserves the right to add
additional assignment(s) as extra credit should it be considered beneficial to the learning
process.
XV. PLAGIARISIM AND CHEATING POLICY
Plagiarism involves using another person’s exact words or thoughts without citing the
source in your work. Plagiarism is therefore an illegal act that constitutes a type of theft
from another individual. Such actions are not tolerated in the business world and will not
be tolerated in class. Whenever exact quotes are used, citing the source of the original
material is required. Illinois Valley Community College prohibits plagiarism in any form.
Students found plagiarizing or cheating in any way will result in automatically failing the
course and/or dismissal from the college.
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XVI. SPECIAL NEEDS
This course is designed to support diversity of learners. My hope is to create a safe
environment for all students. If you want to discuss your learning experience, please talk
to me as early in the term as possible. If you know you have, or suspect you have a
disability (learning disability, physical disability, or psychiatric disability such as anxiety,
depression, AD/HD, or others) for which you may need accommodations, please contact
the Disability Services Office in C-211. Tina Hardy tina_hardy@ivcc.edu, 224-0284) can
help determine if you are eligible for support.
XVII. WITHDRAWAL POLICY AND FINANCIAL AID
You may be withdrawn from the class in one of two ways;
Instructor initiated – Based on the attendance requirement outlined above, I reserve the
right to withdraw a student from class without prior notification if the student does not
show sufficient progress as identified under the Attendance Policy outlined above.
Student initiated - Effective Summer 2011, students will have the ability to initiate a
withdrawal from classes. By completing the form in the Records Office or at
www.ivcc.edu/withdraw, the student is authorizing IVCC to remove him/her from the
course. Entering the student ID number serves as the student’s electronic signature. IVCC
has the right to rescind a withdrawal in cases of academic dishonesty or at the
instructor’s discretion.
Students should be aware of the impact of a withdrawal on full-time status for insurance
purposes and for financial aid. It is highly recommended that students meet with their
instructor or with a counselor before withdrawing from a class to discuss if a withdrawal
is the best course of action for that particular student. The last day to withdraw for this
class is November 5, 2014. Any student who has not withdrawn from the class after this
date will receive a letter grade!
XVIII. COMMUNICATING WITH THE INSTRUCTOR
The instructor’s contact information is listed above. You may contact me by phone, in
person or email. Whenever contacting the instructor using email, be sure to place your
full name in the subject line along with your class number and section. Contact over
the weekend or evening is limited.
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XIX. STUDENT EMAIL
Please note: Effective Summer 2011, all students will be responsible for checking their
IVCC email. All electronic college correspondence will only be sent to the IVCC email. For
information
on
accessing
this
account,
go
to
http://www.ivcc.edu/studenthelpdesk.aspx?id=16712.”
XX. ON-LINE REQUIREMENTS
BLACKBOARD
All materials, communication, grades, course documents, and so on will be provided for
you through Blackboard. Your instructor will enroll you in your Blackboard class based on
the class roster.
Please be sure to check Blackboard each day for announcements from your instructor
concerning all important information for this class. Also, please make sure to verify that
your student email account is working. Important announcements may also be emailed
to you through Blackboard by your instructor. It is the student’s responsibility to insure
that their student email is correct and working properly.
MYACCOUNTINGLAB
As mentioned earlier, all homework, quizzes, and exams will be completed using the online learning platform MYACCOUNTINGLAB offered through the publisher. Please see
separate instructions for registering and accessing this system under Course Documents.
It is your responsibility to register and monitor your use of this online system. For any
problems with the MYACCOUNTINGLAB system please contact MYACCOUNTINGLAB
TECHNICAL SUPPORT! Your instructor cannot trouble shoot problems with their system
or program! You may contact technical support through their contact link in your course
home page or you may contact them by phone at 1-800-677-6337.
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TECHNICAL ASSISTANCE - IVCC
The center provides individualized academic assistance to all students utilizing computer
technology. The Help Desk Support Staff provides assistance to students in person, on
the phone, and via e-mail.
Phone:
Location:
Email:
Web Page:
Contact Person:
815-224-0318
D201
crc@ivcc.edu
http://www.ivcc.edu/crc
Michelle Story - Michelle_Story@ivcc.edu
If you need assistance with communication tools or software issues, contact our staff. If
you are having trouble with your computer, you will need to contact the manufacturer or
the store where you bought it. If you are having trouble with your Internet connection,
you should contact your Internet Services Provider (ISP).
In case you are having difficulty logging into Blackboard or accessing your student email,
IVCC has set up a “Known Technical Issues” Page for your convenience. This page is
located at http://www.ivcc.edu/its/students/KnownIssues.html.
Please call 224-0555 as soon as you detect a problem during regular campus hours.
NETIQUETTE
In the virtual classroom, you communicate with your classmates and Instructor in writing
through the public course bulletin board, e-mail, and sometimes chat sessions. “Online
manners” are generally known as “netiquette”. As a general rule, you should adhere to
the same classroom conduct that you would “off-line” in a face-to-face course. Some
examples of proper netiquette are:
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Avoid writing messages in all capital letters. THIS IS GENERALLY
UNDERSTOOD AS SHOUTING.
Be careful what you put in writing. Even if you are writing an e-mail
message to one person, assume that anyone could read it. Though you
may send an e-mail to a single person, it is very easy to forward your
message to hundreds or thousands of people.
Students use of grammar and spelling matter in all classrooms whether
face-to-face or online.
Never use profanity in any area of an online course. The transcripts of
online course bulletin boards, email, and chat sessions are savable.
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When responding to messages, only use “Reply to All” when you really
intend to reply to all.
Avoid unkindly public criticism of others. Publicly criticizing others in an
inappropriate way is known as “flaming”.
Use sarcasm cautiously, in the absence of nonverbal cues such as facial
expressions and voice inflections, the context for your sarcasm may be
lost, and your message may thus be misinterpreted.
In a face-to-face setting, our tone and facial expressions may convey as much of our
meaning as the words we use. In a written message, the subtext of your meaning may be
confused or misinterpreted. Please do not use Internet slang abbreviations (e.g., “lol”,
“brb”, etc.). Not everyone may understand.
Source: How to Succeed in an Online Course: Study Skills and Survival Tips. 6.2.05
http://www.distancelearning.org/howtosucceed.html
VIRTUAL CLASSROOM
To log in the First Time:
1.
Go to http://blackboard.ivcc.edu
2.
Follow the instructions.
3.
Do Not Forget to Change Your Password once you have logged in
successfully!
FINAL SPECIAL NOTE:
As stated earlier, it is the student’s responsibility to initiate in a withdrawal from this
class. The final date for withdraw is November 4, 2015. Anyone remaining after that
date will receive a letter grade according to the point structure listed above.
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XXI. ASSIGNEMENTS AND DUE DATES
CHAPTER
EXERCISE
PROBLEM
QUIZ
DB
EXAM
DAY
DUE DATE
DATE
TIME
DELIVERY
METHOD
AUGUST
12
16,17,18,19,21,22,23,24
34,35
QZ12
1 RESP
SUN
08/23/15
11:59 PM
MYACCOUNTINGLAB
13
16,17,18,19,21
25,28,32
QZ 13
1 RESP
SUN
08/30/15
11:59 PM
MYACCOUNTINGLAB
QZ 14
1 RESP
SUN
09/06/15
11:59 PM
MYACCOUNTINGLAB
FRI
09/11/15
3:00 PM
ASSESSMENT
CENTER
SEPTEMBER
14
16,17,19,21,22,23,24
28,36
EX 1 CHP
12, 13,
14
15
16,17,18,19,20,21,22,23
28,30
QZ 15
1 RESP
SUN
09/20/15
11:59 PM
MYACCOUNTINGLAB
16
16,17,18,21,22,23,24
28,29
QZ 16
1 RESP
SUN
09/27/15
11:59 PM
MYACCOUNTINGLAB
QZ 17
1 RESP
SUN
10/04/15
11:59 PM
MYACCOUNTINGLAB
THU
10/08/15
3:00 PM
ASSESSMENT
CENTER
OCTOBER
17
16,17,19,21,22,24,26,27
36,37
EX 2 CHP
15, 16,
17
MID TERM BREAK
18
16,17,18,19,20,23,28,29
36,37
QZ 18
1 RESP
SUN
10/25/15
11:59 PM
MYACCOUNTINGLAB
NOVEMBER
19
16,17,18,20,23,24,25,26
29,30
QZ 19
1 RESP
SUN
11/01/15
11:59 PM
MYACCOUNTINGLAB
20
16,17,18,22
25,27,30,32,33
QZ 20
1 RESP
SUN
11/08/15
11:59 PM
MYACCOUNTINGLAB
FRI
11/13/15
3:00 PM
ASSESSMENT
CENTER
EX 3 CHP
18, 19,
20
21
18,19,20,22,23,24
29,30,31,33
QZ 21
1 RESP
SUN
11/22/15
11:59 PM
MYACCOUNTINGLAB
22
17,19,20,21,22,25
27,28,29,31
QZ 22
1 RESP
SUN
11/29/15
11:59 PM
MYACCOUNTINGLAB
DECEMBER
13
14
23
16,17,18,19,21,22,24,25
28,31
QZ 23
1 RESP
EX 4 CHP
21, 22,
23
SUN
12/06/15
11:59 PM
MYACCOUNTINGLAB
FRI
12/11/15
3:00 PM
ASSESSMENT
CENTER
XII. CLASS SCHEDULE
WEEK
Day
Dates
Chapter
Exam
Other
AUGUST
1
Monday - Sunday
08-17-15 / 08-23-15
CH 12
2
Monday - Sunday
08-24-15 / 08-30-15
CH 13
3
Monday - Sunday
08-31-15 / 09-06-15
CH 14
SEPTEMBER
4
Monday - Friday
09-07-15 / 09-11-15
NONE
EXAM 1
5
Monday - Sunday
09-14-15 / 09-20-15
CH 15
6
Monday - Sunday
09-21-15 / 09-27-15
CH 16
7
Monday - Sunday
09-28-15 / 10-04-15
CH 17
8
Monday Thursday
10-05-15 / 10-08-15
NONE
EXAM 2
9
Saturday-Sunday
10-12-15 / 10-18-15
NONE
MID-TERM BREAK
10
Monday - Sunday
10-19-15 / 10-25-15
CH 18
11
Monday - Sunday
10-26-15 / 11-01-15
CH 19
OCTOBER
NOVEMBER
12
Monday - Sunday
11-02-15 / 11-08-15
CH 20
Wednesday
11/04/15
13
Monday - Friday
11-09-15 / 11-13-15
NONE
14
Monday - Sunday
11-16-15 / 11-22-15
CH 21
15
Monday - Sunday
11-23-15 / 11-29-15
CH 22
16
Monday - Sunday
11-30-15 / 12-06-15
CH 23
FINAL DATE FOR WITHDRAWAL
EXAM 3
DECEMBER
17
Monday - Friday
12-07-15 / 12-11-15
NONE
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EXAM 4