Syllabus for Roster(s):

  • 16Su ACCT 3140-701 (SCPS)
In the UVaCollab course site:   Acct 3140 Summer 2016

Overview Acct 3140 Summer 2016

Course Overview, Cost Accounting 3140, Summer Semester 2016

 

General Class Information

 

   Instructor Name and Contact Information:  William Cardine, wc2x@virginia.edu or     profcard@yahoo.com    Home Office Tel. 703-729-9859 or cell 703-431-6185

 

Subject Area and Catalog Number:   ACCT 3140

 

Year and Term:  2016, Summer Semester

 

Class Title:  Cost Accounting

 

Level:  Undergraduate

 

Credit Type:  Undergraduate

 

Class Description:  Addresses analysis of cost behavior and volume profit relationships; responsibility accounting and reporting flexible budgets; also the use of standard costs to guide and control performance. 

 

Required Text:  Cost Accounting, A Managerial Emphasis, 15th Edition, Charles T. Horngren, Srikant Datar, and Madhav  Rajan - Prentice-Hall. ISBN 978-0-13-342870-4

 

Learning Outcomes:  Upon completion of this course, the student will be able to apply the fundamentals of cost accounting techniques within an accounting environment including both the development of supporting cost calculations and the ability to input required transaction level data into the general journal and general ledger.

 

Assessment Components:

Evaluation; Total 100 Points

1.  Mid-Term Exam  ……………………………………..……………..45 Points  (45%) 

2.  Final Examination     …………...........……………….............…...45 Points (45%)

3.  Random Homework Presentations, 3 Spreadsheets,

     Questions and Participation (Subjective)………………………...10 Points  (10%)

Note:  All Exams Are Originated On-Line and are Timed

 

Grading:  97-100 A+; 93-96 A; 90-92 A-; 87-89 B+; 83-86 B; 80-82 B-; 77-79 C+; 73-76 C; 70-72 C-; 67-69 D+; 63-66 D; 60-62 D-; 59 or Below F.

 

Delivery Mode Expectations:  Course is conducted using UVa. Collab with live, synchronous, interactive sessions.   Will meet on-line every Tuesday evening beginning at 6:30 pm to cover homework solutions and lecture on upcoming chapter material (see class schedule).  Students are expected to have the homework completed and participate in class discussions.

 

Required Technical Resources and Technical Components:  Course requires internet connection (broadband preferred) and computer for this on-line course.  Must have method to transmit and receive audio (a USB equipped headset is highly recommended) and optional video.   Also required is a method to download and print exam material and a method to scan/fax return the completed exam(s) if necessary.  See “Technical Specifications: Computer Hardware” in course Syllabus.

Syllabus Acct 3140 Summer 2016

Course Syllabus, Cost Accounting 3140, Summer Semester, 2016

 

General Class Information

 

   Instructor Name and Contact Information:  William Cardine, wc2x@virginia.edu or     profcard@yahoo.com    Home Office Tel. 703-729-9859 or cell 703-431-6185

 

Subject Area and Catalog Number:   ACCT 3140

 

Year and Term:  2016, Summer Semester

 

Class Title:  Cost Accounting

 

Level:  Undergraduate

 

Credit Type:  Undergraduate

 

Class Description:  Addresses analysis of cost behavior and volume profit relationships; responsibility accounting and reporting flexible budgets; also the use of standard costs to guide and control performance. 

 

Required Text:  Cost Accounting, A Managerial Emphasis, 15th Edition, Charles T. Horngren, Srikant Datar, and Madhav  Rajan - Prentice-Hall. ISBN 978-0-13-342870-4

 

Learning Outcomes:  Upon completion of this course, the student will be able to apply the fundamentals of cost accounting techniques within an accounting environment including both the development of supporting cost calculations and the ability to input required transaction level data into the general journal and general ledger.

 

Assessment Components:

Evaluation; Total 100 Points

1.  Mid-Term Exam  ……………………………………..……………..45 Points  (45%) 

2.  Final Examination     …………...........……………….............…...45 Points (45%)

3.  Random Homework Presentations, 3 Spreadsheets,

     Questions and Participation (Subjective)………………………...10 Points  (10%)

Note:  All Exams Are Originated On-Line and are Timed

 

Grading:  97-100 A+; 93-96 A; 90-92 A-; 87-89 B+; 83-86 B; 80-82 B-; 77-79 C+; 73-76 C; 70-72 C-; 67-69 D+; 63-66 D; 60-62 D-; 59 or Below F.

 

Delivery Mode Expectations:  Course is conducted using UVa. Collab with live, synchronous, interactive sessions.   Will meet on-line every Tuesday evening beginning at 6:30 pm to cover homework solutions and lecture on upcoming chapter material (see class schedule).  Students are expected to have the homework completed and participate in class discussions.

 

Required Technical Resources and Technical Components:  Course requires internet connection (broadband preferred) and computer for this on-line course.  Must have method to transmit and receive audio (a USB equipped headset is highly recommended) and optional video.   Also required is a method to download and print exam material and a method to scan/fax return the completed exam(s) if necessary.  Also see “Technical Specifications: Computer Hardware” in course Syllabus.

 

Class Specific Information

 

Class Instruction and Activities:  This will be a lecture and a class participation on-line course.  Each class will commence with a detailed review of all assigned homework problems.  Every assigned problem will be discussed with time allotted to ask questions or to expand on the underlying concept or the application of the methodology in solving the homework problems.  This will be followed by a lecture covering the concepts and applications contained within the next assigned chapter(s).  Prior to each class meeting, the student is expected to have completed the assigned chapter reading and attempted the solution of all homework assigned from the last class.  This is especially important considering the quantitative aspects of the material and that class lectures may not cover every topic in detail.  A student’s lack of preparation will seriously reduce the benefit of this class.

Members of the class may randomly be asked to present the solutions for the assigned homework using the Collab Blackboard communications tools.  Cost concepts applied to practical situations (via homework) need to have the results analyzed, explored and discussed. Communication of cost accounting issues is vastly improved through this method.

Learning is best accomplished through self-study and the instructor is available and anxious to aid in this process.  Note that graded work must be the sole effort of the student (see "Evaluation Standards and Assessments" and references to our "University of Virginia Honor System:" both following).  Cheating and/or plagiarism on graded assignments can result in a course grade of F or other disciplinary action by the school.

Upon completion of this course, the student should be able to apply the fundamentals of cost accounting techniques within an accounting environment including both the development of supporting cost calculations and the ability to input required transaction level data into the general journal and general ledger.   The student should have a firm grasp of the concepts of break-even analysis, fixed and variable costs, direct and indirect cost, job order and process costing, budgets, actual/normal/budget/standard accounting systems, variance analysis using flexible and standard budgets, regression and high/low cost models, avoidable and sunk cost, absorption and variable income statements, cost relationships including markups, and joint/common cost allocation techniques.  The student should be able to apply these concepts to special economic business decisions including one-time special orders, make or buy, keep or replace, add or drop a client/area/division and customer and product/service profitability analysis.

 

Class Requirements:  This is an intensive cost class covering 17 chapters in one semester.  Participation in all Collab Blackboard sessions will be considered as part of the 10 points for homework solution participation; spreadsheets, etc. (see "Evaluation Standards and Assessments" below).  Further, missing any class lecture(s) will significantly disadvantage the student's learning experience.

Evaluation Standards and Assessments:

Evaluation; Total 100 Points

1.  Mid-Term Exam  ……………………………………..……………..45 Points  (45%) 

2.  Final Examination     …………...........……………….............…...45 Points (45%)

3.  Random Homework Presentations, 3 Spreadsheets,

     Questions and Participation (Subjective)………………………...10 Points  (10%)

Note:  All Exams Are Originated On-Line and are Timed

Grading: 97-100 A+; 93-96 A; 90-92 A-; 87-89 B+; 83-86 B; 80-82 B-; 77-79 C+; 73-76 C; 70-72 C-; 67-69 D+; 63-66 D; 60-62 D-; 59 or Below F.

Class Schedule:

UVa. Acct 3140 Summer 2016, On-Line meetings 6:30PM to 9:45PM
 

Lecture

  

   Completed H/W Chapter

Date

Chapter

Description

Assignment

May 17

1, 2

Accountants Role; Introduction to Cost Terms & Purposes

--

24

3, 4

CVP and Job Costing

1, 2

31

5,6

ABC Costing; Budgets

3, 4

June 7

7,8

Flexible Budget, Standards, Variances

5.6

14

9,10

Inventory, Cost Modeling;  Review Chs. 1-8

7,8

21

--

Mid-Term Exam - Chs. 1-8; On-line

--

28

11,13

Costs/Price Decisions

9,10

July 5

12,14

Strategy, Allocation and Sales Var.

11,13

12

15,16

Allocate Support Depts.; Joint Cost

12,14

19

17

Process Costing

15,16

26

--

Homework Ch. 17;  Review Chs. 9-17

17

Aug. 2

--

Final Exam - Chs. 10-17; On-Line

--

 

Communication & Student Response Time:  In addition to various announcements, published class schedule and homework assignments and responses to emails or phone calls, this class will meet each week via blackboard collaborate™ (see "Class Schedule" above). Students are also highly encouraged to “link” their U.Va. email to their personal or business email address as these are typically monitored more frequently by the student.  Correspondence will be via U. Va. email account and failure to monitor that mailbox or failure to link it to student’s selection of a more closely monitored mailbox may result in student missing important messages and is the responsibility of the student.  As to Response Time, instructor will attempt to respond to student emails or voice mails within 24 hours or will advise students of modification of that response time e.g. when out-of-town, etc

Assignments:

 

Preliminary Homework – UVa. Cost Accounting 3140, Edition 15
 

(Note:  read and answer questions carefully. Getting you prepared for exams!)

Chapter

Draft Exercise/Problems

1

34 (1-2 only)

2

18 (Cost Objects are different; a is Focus Groups while b is the Focus Company), 20 (Cost Object for both a and b is the Teanas assembly line, not individual cars) , 28 (Req. 3 only), 32, 34 (prepare Financial Statements in good order please)

3

21, 22, 24, 25 (1-3 only) 38, 44

4

32, 33 (1-3 only), / 24 (1-3 only), 31 (1-5 only) 34 (1 and 2 only- show journal entries)

5

Note: Don’t use percentages – develop ABC rates for problems.  16 (1 only) 17(1 & 2 only), 18 (1 & 2 only), 19 (1 & 2 only), 25 (1 & 2 only), 28 (1 & 2 only) Note: Conversion Cost  = DL & OH; Up/Down Stream cost.

6

17/18/19, 24, 29 (1 & 2a only), 32, 38  Note: use only positive numbers in cash flow analysis.

7

22, 24 (1 & 2 only), 25, 26 (entries for Req. 2 only, no need for postings or summary), 34, 36

8

22 (1 & 2 only), 23, (1 & 2 only), 24 (1 & 2 only), 34 (look closely at data presented), 35

9

16, 17 (1 only), 22 (1 - 3 only), 25 (1 only), 27 (1-3 only), 30 (1 & 2 only)

10

18 (pattern “L” goes to zero), 19, 23 (1 & 2 only), 26 (1 - 3 only), 31 (1 - 3 only) NOTE: for 26 and 31, calculate/prove Regression solution given. Don't use software - use calculator)

11

17, 18, 19 (in Req. 2 normal prod./sales drop to 9,500), 20, 23, 28 (1 & 2 only)

13

18, 21, 22 (1 & 2 only), 26 (1 - 3 only), 28, 31 (1 - 3 only)

12

22, 23 (1 & 2 only), 24, 25 (1 & 2 only)

14

18 (1 & 2 but like Exh.s 14-3 and 14-4 only), 19, 22 (1 & 2 only), 25 (Cal. Flex. Budget Var. also), 26

15

16, 19 (1 only), 21 (1 & 2 only), 24 (1 & 3 only and airfare is $1,200), 30 (1-3 only; you select allocation bases)

16

19, 20 (note ending inventories), 28 (do Req. 2 only)

17

16 (1 & 2 only), 17, 18 (Q is “0” percent), 31, 32, 33 , 34, 35 (for 35, note different FIFO amounts)  Note, for Ch. 17 problems, objective is to Calculate Average Cost and assign to Trans. Out and E. I. Values
   

Resources:  Quick reference guide using blackboard collaborate™ (linked to Collab site as "Blackboard Collaborate LTI") gives you the following functionality:  two-way audio, multi-point video, interactive whiteboard, application and desktop sharing, rich media, breakout rooms, and session recording (all sessions will be recorded and made available so you may review the recorded material at any time).  In additions to the “Tips” following, ensure you take the on-line Practice Exam (take as many times as you like) to familiarize yourself with the Mid-Term and Final Exams process found in the “Tests and Quizzes” tab in Collab.

Tips on participating in the Collab blackboard sessions include the following:

 find a comfortable place with no distractions.

 before your first session visit the blackboard collaborate support center and click on “for first-time users: getting started”

 use the audio setup wizard to ensure that the audio is working correctly prior to every session - note that this is extremely important.

 take the online orientation or refer to the participant guide for information on all the features prior to your first session. This information and more is available from the on demand center located on our website – http://www.blackboard.com/platforms/collaborate/services/on-demand-learning-center.aspx

In-session

 be sure to join the session 5 – 10 minutes prior to the start.

 set your connection speed to the internet.

 participate in the session by responding to polls and providing feedback to the moderator.

 raise your hand when you have a question or a comment.

 use chat to send text messages to other participants and the moderator during the session.

 remember that running other applications on your computer can slow your connection to the session

Grading:  Collab gradebook will be utilized whenever possible to privately provide students with individual exam scores plus cumulative grades as the course progresses.  In all cases, students will be provided access to exam solutions. Additionally, private, individual exam feedback and discussion will be provided if requested.

 

 

Technical Specifications: Computer Hardware

  • Minimum Operating System
    • Windows 7 SP1 (Professional preferred)
    • Mac OS X 10.8 or 10.9 
  • Minimum Processor Speed: Equivalent to an Intel Core 2 Duo (1.5 GHz)
  • Minimum RAM: 4 GB
  • Minimum Hard Disk Space: 150 GB of free hard disk space (after all programs are loaded)
  • Networking Capability: Wireless networking (802.11g or n) and an Ethernet port
  • Strongly Recommended Accessories:
    •  An Ethernet cable (Even if you will primarily use wireless, a wired connection is faster and more reliable for video-streaming, live online meetings and large file uploads and downloads.)
    • A power surge protector
    • CD/DVD drive and/or “thumb” or flash drive(s), plus a backup storage mechanism

Technical Support Contacts

 

UVa Policies

SCPS Grading Policies: Courses carrying a School of Continuing and Professional Studies subject area use the following grading system: A+, A, A-; B+, B, B-; C+, C, C-; D+, D, D-; F.  S (satisfactory) and U (unsatisfactory) are used for some course offerings. For noncredit courses, the grade notation is N (no credit). Students who audit courses receive the designation AU (audit). The symbol W is used when a student officially drops a course before its completion or if the student withdraws from an academic program of the University. Please visit www.scps.virginia.edu/audience/students/grades for more information.

For this class, grades are 97-100 A+; 93-96 A; 90-92 A-; 87-89 B+; 83-86 B; 80-82 B-; 77-79 C+; 73-76 C; 70-72 C-; 67-69 D+; 63-66 D; 60-62 D-; 59 or Below F.  Please visit SCPS Grades.

 

  • : Students are expected to attend all class sessions. Instructors establish attendance and participation requirements for each of their courses. Class requirements, regardless of delivery mode, are not waived due to a student's absence from class. Instructors will require students to make up any missed coursework and may deny credit to any student whose absences are excessive. Instructors must keep an attendance record for each student enrolled in the course to document attendance and participation in the class.

 

University Email Policies: Students are expected to check their official UVa email addresses on a frequent and consistent basis to remain informed of University communications, as certain communications may be time sensitive. Students who fail to check their email on a regular basis are responsible for any resulting consequences.  Students are also highly encouraged to “link” their U.Va. email to their personal or business email address as these are typically monitored more frequently by the student.  For this class, see “Communication & Student Response Time” above

 

End-of-Class Evaluations:Students are expected to complete the online end-of-class evaluation. As the semester comes to a close, students will receive an email with instructions for completing this. Student feedback will be very valuable to the school, the instructor, and future students. We ask that all students please complete these evaluations in a timely manner. Please be assured that the information you submit online will be anonymous and kept confidential.  Note:  Please take time to complete the Course Evaluations and add any comments you might have including any suggestions on how to improve the class.  Many accounting students are CPA candidates and this class is very important in preparing for any of the certification exams.

 

 

University of Virginia Honor System:All work should be pledged in the spirit of the Honor System at the University of Virginia. The instructor will indicate which assignments and activities are to be done individually and which permit collaboration. The following pledge should be written out at the end of all quizzes, examinations, individual assignments and papers:  “I pledge that I have neither given nor received help on this examination (quiz, assignment, etc.)”.  The pledge must be signed by the student. For more information, visit www.virginia.edu/honor.

 

Special Needs: It is the policy of the University of Virginia to accommodate students with disabilities in accordance with federal and state laws. Any SCPS student with a disability who needs accommodation (e.g., in arrangements for seating, extended time for examinations, or note-taking, etc.), should contact the Student Disability Access Center (SDAC) and provide them with appropriate medical or psychological documentation of his/her condition. Once accommodations are approved, it is the student’s responsibility to follow up with the instructor about logistics and implementation of accommodations. Accommodations for test taking should be arranged at least 14 business days in advance of the date of the test(s). Students with disabilities are encouraged to contact the SDAC: 434-243-5180/Voice, 434-465-6579/Video Phone, 434-243-5188/Fax. Further policies and statements are available at www.virginia.edu/studenthealth/sdac/sdac.html

For further policies and statements about student rights and responsibilities, please visit www.scps.virginia.edu/audience/students