AC 4210- COST ACCOUNTING

DR. HEIER

INSTRUCTOR: Dr. Jan Heier Office: Business 314E Phone: 244-3497 or 244-3490 E-Mail: jheier@monk.aum.edu

REQUIRED TEXT: Horngren, Foster, Datar , Cost Accounting, A Managerial Emphasis, 10th Ed. Prentice Hall.
Horngren, Foster, Datar, Cost Accounting, A Managerial Emphasis Templates for selected Problems, 10th Edition, Prentice Hall.

These Templates along with some limited materials from the Student Study Guide are also on the Horngren Web-site so there may be no need to purchase them. The site is http://www.prenhall.com/horngren There are three steps to get the templates:

• When you get into the website click of the picture of your Cost Accounting Book.

2. Under Select a chapter click on (Begin)

• On the Left-Hand Side of the screen is Student Resources -- Click on that item -- You will see appropriate chapter materials as you scroll down the screen.

I would encourage you to purchase the Student Guide that goes along with this book. It might be very helpful if two or more could go in on a book and study together.

COURSE OBJECTIVES: Cost and managerial accounting is a specialized area of accounting that attempts to satisfy the information needs of management. Management at all levels within an organization has the responsibility of planning, coordinating, executing, and controlling business operations. A large part of the information required to do these jobs effectively is accounting-based, and is the job of the cost accountant to accumulate, prepare, and interpret this information. The study of cost/managerial accounting in this course will focus on two major topic areas. First, the managerial focus which emphasizes how management interprets, applies and implements cost accounting information in the decision process of the organization. And secondly, the cost finding/cost determination focus which emphasizes the determination of a unit cost.

 GRADING: Examinations 320 points (4 @ 80 points) Take Home Exams 60 points (3 @ 20 points) Homework 20 points Grand Total 400 points

Your final grade is based on the points available and the points earned. The "curve" is a basic 10 point scale.

Due to space limitations, exams are kept by the instructor after one quarter and then are destroyed EXAMINATIONS: There will be three examinations including a final. Each of the examinations consists of a mix of True/False, multiple choice objective questions, problems (approximately 50% of the total points), and a take home section. You will need to buy FOUR SCANTRON SHEETS to use during the tests. You may use calculators on the tests, but they may not be shared. Each exam will have rules printed on the front sheet, and the professor may (depending on the size of the class) require that each student either sit at separate desks or have at least one chair space between students.

Exam Links: FORMULAS FOR EXAMS PRACTICE EXAM 1 PRACTICE EXAM 2

The links can be found at this course's WEB-CT site which can be accessed at http://faculty1.aum.edu . A lab period has been scheduled to allow students to access the WEB-CT site in order to set up a free log-in account

MAKE UP EXAMS: Make-up exams are only given if the professor is notified of a problem prior to the exam period or within a reasonable amount of time (24 hours after the exam). No make-up will be administered to a student if the exam has already been handed back to the class for review. Students who cannot arrange a make-up time will have the points from the missed exam applied to the final. No points are given if the professor is not notified of a difficulty within the reasonable time.

HOMEWORK: All homework problems are to be handed in at the assigned time. No late problems will be accepted unless you have a prior excuse. The homework problems consist of LOTUS 123 and MICROSOFT EXCELL computer template problems from each chapter covered in the course. As previously noted, these problem files are located on the Horngren Website. The following problems will be handed in and due the class period after the lecture of the related material has been completed: 2-27, 2-28, 3-21, 3-35, 4-18, 4-26, 5-32, 5-37, 6-22, 6-30, 7-20, 7-37, 8-21, 8-22, 9-16, 9-24, 10-21, 10-23, 14-17, 14-31, 15-18, 15-26, 17-30, 17-32 (FIFO), 17-35, 17-37 (FIFO), 18-16, 18-24, 18-25 (FIFO). Note: The problems from chapters 17 and 18 are in an old format, so you need to set these up in EXCEL or LOTUS yourselves. Your score will be prorated against the number assigned and the number handed in. Other non-computer practice problems are note in the parenthesis below with each chapter assignment, but they will not be taken up.

ELECTRONICS: Please ask friends and family not to page or call you in class, it disturbs the other students.

ATTENDANCE: Attendance is highly recommended. There is a positive correlation between students attending class and their final grade. Attendance will be taken, but is not used in computing course grade. Students who choose not to attend class also choose not to have additional instructor assistance, if needed.

ACADEMIC POLICY: Academic regulations and procedures as found in the AUM Catalog govern all grading and related academic policies.

ACADEMIC HONESTY POLICY: Any violation of the Academic Honesty Policy as defined in the student handbook (AUMANAC) will be treated in accordance with Student Discipline Code policy and procedures.

UNIVERSITY DISABILITY POLICY: The Faculty of the School of Business makes every effort to accommodate unique and special needs of students with respect to speech, hearing, vision, seating and other disabling conditions. Please notify the instructor as soon as possible of requested accommodations or ways to help.

HANDOUTS: This class uses a number of outside exhibits that are not available in either the text book or the study guide. If you wish to obtain copies of these exhibits, please go to the professor's WEB-CT site or to the Website of the faculty member Department of Accounting and Finance at www.aum.edu and click on the school of business.

TENTATIVE SCHEDULE: The class schedule is subject to change at the discretion of the instructor.