Cost II

Prerequisite:

ACCT 3433:   Cost Accounting I

 Office Schedule:

My office hours are posted on my door and on my website which is given above.

 Purpose & Objective:

Where we once saw free spending on corporate perquisites, we now observe managers carefully examining activities and expenditures to see if they truly add value in excess of their cost.  This is what Cost management is all about – adding more value at lower cost.  Costs do not just happen; they are the result of management decisions.  We cannot continue to passively measure costs; we must actively manage costs to deliver more value. This is accomplished by focusing on what accounting brings to providing management with information and becoming part of the decision making team.  The objectives of the course are listed below:

1.                  Provide the tools for analyzing and managing costs.

2.                  Discuss and enhance the concept of Activity-Based Management.

3.                  Begin the discussion of Planning and Decision Making

 Required Textbook:

Michael R. Kinney, Cecily A. Raiborn. Cost Accounting: Foundations and Evolutions. 7^th  Edition,  Mason, OH: Thomson Southwest, 2009.

Requirements for Evaluation:  All parts have equal weight Homework will be taken up at random.  I will be taking up problems only the Exercises are to be discussed in class.  You will need to be prepared to discuss the exercises; this will impact your homework grade.

Examination:

                                                        After Chapter : 13

                                                       After Chapter : 15

                                                       After Chapter : 17

                                                       After Chapter : 19 (Final Exam)

 Grading Policy:

Because of the bonus opportunities and take-home portions on all tests except the final the following grades are given without appeal:

                                                 100  -  90   =    A                                                          79  -   70    =    C

                              89  -  80    =    B                                                          69  -   60    =    D

Below 60  =     F

 Bonus Opportunity:

Bonus points are possible with a bonus question on all in-class tests excluding the final.  3 points per test.  In addition, there is an opportunity to take quizzers on-line which will provide 3 points added to the average for a perfect score, (you can receive a prorated portion of these points)

NOTE:  The testing policy is – if you have take a test late you will forfeit 10 points for each day late that you take the test late (not counting weekends or legitimate exceptions).  More than three days late in taking the test will result in a grade of zero (“0”).

 There is no exemption for the final exam in this class so don’t even ask.

 Your performance in this subject is directly related with your doing the homework and all class assignments.  Homework will be taken up at random during the semester, and graded.  This grade is applied as an additional test grade.

 Attendance Policy:

As part of the requirement of the University I will be taking attendance for each class period.  I have an attendance policy as documented in the "absence and Grading Policy" attached to this outline.   You are all adults and have paid for this course, don't cheat yourself by not attending class.  As a professional, you will be expected to be responsible for showing up for work and accomplishing the tasks required of you.

Other inappropriate behavior:

Cheating if a student is found cheating in the taking of a test they will receive a grade of zero on that test and it will not be dropped (the next lowest grade will be) in determination of a final grade in the class.  Cheating is the same a stealing.  As a business student your ethical compass needs to be true you will be dealing with people who assume you are skilled in what your degree is in. If you cheated to get the degree what are you doing to the company or client you are working for?

Plagiarism is serious as well, it to is stealing others work and claiming it for yourself. You must give credit for five or more words in a sequence taken from another source by using quotation marks and indicating the source of the quote, and you must indicate the source of other factual information and ideas, whether you are quoting or paraphrasing. Citing a source does not excuse the practice of copying and pasting text into your paper.  All material must be either quoted with quotation marks or paraphrased in your own words. Copying another student’s work in part or whole is also plagiarism. Plagiarism in an assignment may result in a failing grade for the assignment.  You cannot self-plagiarize by turning in papers or assignments that were prepared for other classes without prior permission from the instructor.  If a student is found to have plagiarized parts of an assignment, a failing grade on the assignment may be given. 

Students with Disabilities:

It is the policy of the University of AR at Monticello to accommodate individuals with disabilities pursuant to federal law and the University’s commitment to equal educational opportunities.  It is the responsibility of the student to inform the instructor of any necessary accommodations at the beginning of the course.  Any student requiring accommodations should contact the Office of Special Student Services located in Harris Hall Room 120; phone 870 460-1026; TDD 870 460-1626; Fax 870 460-1926.

 McGehee:  Office of Special Student Services representative on campus; phone 870 222-5360; fax 870 222-1105.

 Crossett:  Office of Special Student Services representative on campus; phone 870 364-6414; fax 870 364-5707.

Class Schedule: