Course Description
Costs and cost accounting principles, costing systems, cost determination procedures, control and analytical practices for managerial decision-making.
Syllabus
Student Learning Outcomes, Goals, Objectives:
Students successfully completing this course will be able to:
- Identify and explain various cost behaviors
- Explain the role of accounting systems in organizations
- Utilize job and process costing for inventory valuation
- Create cash and operational budgets
- Explain responsibility accounting
- Utilize standard costing for performance appraisal
- Calculate overhead allocations and explain the limitations of such allocations
- Explain the basics of the Balanced Scorecard
Course Grading Information:
| Activity/Performance Measure | Percentage/Points |
|---|---|
| Exam 1 | 20% |
| Exam 2 | 20% |
| Final Exam | 25% |
| Group Case | 10% |
| Written Assignment | 5% |
| In-class points | 5% |
| Homework | 15% |
Course grades are determined as follows:
Grading Scale
| Percentage | Letter Grade |
|---|---|
| 93-above | A |
| 90-92% | A- |
| 87-89% | B+ |
| 83-86% | B |
| 80-82% | B- |
| 77-79% | C+ |
| 73-76% | C |
| 70-72% | C- |
| Below 70% | F |
Attendance/Participation:
Attendance/participation is not a graded component included in the student's final grade for this course.
Course Materials Purchased by the Students:
Horngren’s Cost Accounting: A Managerial Emphasis 18th edition, by Datar and Rajan, including MyAccountingLab (MAL) (note this is provided by the bookstore under the First Day inclusive access program but you may opt out).
Scholarly Perspectives
This course engages diverse scholarly perspectives to develop critical thinking, analysis, and debate and inclusion of a reading does not imply endorsement.