Course ACCT 3341.001 Cost Management Systems Professor Professor Casey Martin, CPA Semester Fall 2014 Meetings MW 11:30am 12:45pm, JSOM 12.218 Professor s Contact Information Office Phone 972-883-5863 Office Location JSOM 2.710 Email Address CLM140430@utdallas.edu (*Preference*) Office Hours By appointment only General Course Information Pre-requisites ACCT 2301 & ACCT 2302 with a minimum grade of C. Course Description Instruction Method Course Textbook Course Materials Cost Management Systems focuses on accounting data used by managers to plan and control operations of a company. It utilizes a wide range of techniques to manage an organization s internal information and achieve advantages through various decision-making tools. The presentation of the course will consist of lecture, working problems in class, along with current event examples. Lecture slides will be posted to elearning after each lecture for your reference. In class I encourage students to listen actively and take notes, and after class to use the posted lecture slides with your notes to review the material covered in class. Cost Accounting: A Managerial Emphasis, 15 th edition, by: Horngren, Datar, Rajan; Pearson/Prentice Hall; ISBN 13: 978-013328704, ISBN 10: 0133428702 Form 882 scantrons & a pencil. Calculators will be provided for the exams. No other calculator may be used. Course Policies Attendance and Class Expectations Instructor Assistance Supplemental Instruction Learning Objectives It is critical to your success that you attend each class and take notes during the lectures. You should come to class prepared, which means that you should have read the assigned chapter prior to attending class. This will enhance your understanding of the material discussed in class. As a courtesy to others and your professor, please turn off your cell phones while in the classroom. Office hours are available by appointment, preferably before or after our regular class time. However, office hours are not a substitute for coming to class. Please use the discussion board for any questions on the material (not email), as other students may have the same question and will benefit from the response. Supplemental Instruction (SI) is offered for this course. SI sessions are free group study opportunities, scheduled three times per week and are facilitated by an SI Leader, who has recently taken the course. For information about the days, times, and locations for SI sessions, refer to www.utdallas.edu/studentsuccess/leaders/si.html. Learn how cost drivers affect cost behavior and cost-volume relationships. Identify and understand cost mgmt systems, cost accumulation, direct vs. indirect costs, and the following cost systems: job-order, process and activity based. Identify & measure relevant information & calculate price with various methods. Determine whether to make or buy, delete a product line, determine optimal product mix, keep or replace equipment and other management decisions. Differentiate flexible budget and static budget, prepare flexible budget compute all relevant variances for direct materials, direct labor and overhead. Use variable & absorption costing methods, understand the impact to the PL. Allocate support department, common costs and bundled revenue to the products and or service lines of a company. 1
Academic Calendar Class Date Material Suggested Exercises (addition to in class exercises) Week 1 Aug 25 & 27 Week 2 Sept 3 Introduction Chapter 1: The Manager & Management Accounting Chapter 2: An Introduction to Cost Terms & Purposes E: 1-22; P: 1-27, 35 E: 2-20, 2-22 (#1 & #3) P: 2-21, 32, 36, 37 (#1-#2) Chapter 3: Cost-Volume-Profit Analysis E: 3-17, 19, 22, 23 (#3), 31 (#1- #2); P: 3-33 Week 3 Sept 8 & 10 Week 4 Sept 15 & 17 Week 5 Sept 22 & 24 Week 6 Sept 29 & Oct 1 Week 7 Oct 6 & 8 Week 8 Oct 13 & 15 Chapter 4: Job Costing Chapter 5: Activity-Based Costing & Management *EXAM 1* in-class covers Chapter 1, 2, 3, 4 & 5 Chapter 7A: Flexible Budgets Chapter 7B: Direct-Cost Variances & Management Control Chapter 8A: Flexible Budgets, Variable Overhead Cost Variances Chapter 8B: Fixed Overhead Variances & Management Control Chapter 9: Inventory Costing & Capacity Analysis Chapter 11: Decision Making & Relevant Information E: 4-17, 23, 26, 27 (#1-#3), 30 (#1-3a); P: 4-25 E: 5-17, 21, 24, 28 P: 5-35 E: 7-16, 19, 21, 25, 26 P: 7-29 (#1), 33, 39 (#1 & #2) E 8-16, 17, 22, 26, 27, 29 E: 9-16, 17, 20, 21, 22 E: 11-20, 17, 25 (#1 only) P: 11-29, 31, 38 (#1 & 2), 41 Week 9 Oct 20 & 22 Chapter 13: Pricing Decisions and Cost Management E: 13-20, 22, 24 P: 13-28, 32 Week 10 Oct 27 & 29 Week 11 Nov 3 & 5 *EXAM 2* in-class covers Chapter 7, 8, 9, 11 & 13 Chapter 16: Cost Allocation: Joint Products and Byproducts Chapter 15: Allocation of Support-Department Costs, Common Costs and Revenues E: 16-18, 19, 23 P: 16-28, 31 E: 15-19, 20, 23, 24 P: 15-27, 28, 31 Week 12 Nov 10 & 12 Week 13 Nov 17 & 19 Week 14 Nov 24 & 26 Chapter 17: Process Costing E: 17-16, 17, 24, 25, 26, 27; P: 17-31, 32, 33 Chapter 18: Spoilage, Rework and Scrap E: 18-17, 18, 19, 20 P: 18-31, 32, 37 *Fall Break* No Class Week 15 Dec 1 & 3 Week 16 Dec 8 & 10 Chapter 22: Management Control Systems, Transfer Pricing and Multinational Considerations Review *EXAM 3* (final) in-class covers Chapter 15, 16, 17, 18 & 22 E: 22-18, 21, 26 P: 22-29, 35 Grading Criteria: Exam 1 100 A + (97-100) 367 380 points C + (77-79) 291 301 points Exam 2 100 A (94-96) 356 366 points C (74-76) 280 290 points Exam 3 100 A - (90-93) 340 355 points C - (70-73) 264 279 points Quizzes 80 B + (87-89) 329 339 points D + (67-69) 253 263 points (10 x 8 points) B (84-86) 318 328 points D (64-66) 242 252 points Total 380 points B (80-83) 302 317 points D (60-63) 226 241 points F (below 60) < 226 points 2
Assignment Calendar Due Date Location Assignment Sunday, 9/7/14 elearning Quiz 1: Chapter 1 & 2 Sunday, 9/14/14 elearning Quiz 2: Chapter 3 & 4 Friday, 9/19/14 elearning Quiz 3: Chapter 5 Monday, 9/22/14 In Class EXAM 1 in-class covers Chapter 1, 2, 3, 4 & 5 Sunday, 10/5/14 elearning Quiz 4: Chapter 7 Sunday, 10/12/14 elearning Quiz 5: Chapter 8 & 9 Sunday, 10/19/14 elearning Quiz 6: Chapter 11 Friday, 10/24/14 elearning Quiz 7: Chapter 13 Monday, 10/27/14 In Class EXAM 2 in-class covers Chapter 7, 8, 9, 11 & 13 Sunday, 11/9/14 elearning Quiz 8: Chapter 15 & 16 Sunday, 11/23/14 elearning Quiz 9: Chapter 17 & 18 Sunday, 12/7/14 elearning Quiz 10: Chapter 22 Wednesday, 12/10/14 In Class EXAM 3 in-class covers Chapter 15, 16, 17, 18 & 22 Assignments Exams Quizzes Make-up Exams Suggested Exercises & Problems Accounting Lab There will be three non-cumulative examinations in this course. Each exam will be comprised of multiple choice questions and many questions will require calculations. You will need an 882 Scantron for each exam. There will be no practice exams distributed on elearning. Calculators will be provided for exams; you may not use your own calculator for exams. You may use one 3 x 5 handwritten, one-sided note card, with your notes for each exam. There will be ten quizzes over the material discussed in class. These quizzes will have one attempt with a time limit of 60 minutes, and they MUST be taken & completed on elearning by the due date established on the assignment calendar. The purpose of these quizzes is to ensure that you are keeping up with the material covered in class. There will be NO opportunities for makeup quizzes. Makeup exams are given only for excused absences, which must be determined prior to the exam. Excused absences may be given for verifiable medical or family emergencies. Written documentation must be provided to qualify for an excused absence. I have suggested exercises and/or problems to be worked for each chapter. While there will be no points allocated to homework, there is a direct correlation between working problems and performing successfully on examinations. It is your responsibility to ask for help when you feel you need it. You are encouraged to ask questions. Solutions to the suggested exercises and/or problems are posted on elearning. The ACCT tutoring lab is located in SM 1.214 on first floor near the writing lab. These days/times are subject to change; please verify at the Lab. Other DO NOT CHEAT OR PLAGARIZE. IF YOU ARE CAUGHT CHEATING, MY RECOMMENDATION TO STUDENT AFFAIRS WILL BE AN F FOR THE COURSE. Please note that there will be NO extra credit opportunities for this course. 3
UT Dallas Syllabus Policies and Procedures The University of Texas System and The University of Texas at Dallas have rules and regulations for the orderly and efficient conduct of their business. It is the responsibility of each student and each student organization to be knowledgeable about the rules and regulations which govern student conduct and activities. General information on student conduct and discipline is contained in the UTD publication, A to Z Guide, which is provided to all registered students each academic year. Student Conduct and Discipline The University of Texas at Dallas administers student discipline within the procedures of recognized and established due process. Procedures are defined and described in the Rules and Regulations, Board of Regents, The University of Texas System, Part 1, Chapter VI, Section 3, and in Title V, Rules on Student Services and Activities of the university s Handbook of Operating Procedures. Copies of these rules and regulations are available to students in the Office of the Dean of Students, where staff members are available to assist students in interpreting the rules and regulations at the Student Services Building SSB 4.400. Phone: 972-883-6391. Fax: 972-883-6160. A student at the university neither loses the rights nor escapes the responsibilities of citizenship. He or she is expected to obey federal, state, and local laws as well as the Regents Rules, university regulations, and administrative rules. Students are subject to discipline for violating the standards of conduct whether such conduct takes place on or off campus, or whether civil or criminal penalties are also imposed for such conduct. The faculty expects from its students a high level of responsibility and academic honesty. Because the value of an academic degree depends upon the absolute integrity of the work done by the student for that degree, it is imperative that a student demonstrate a high standard of individual honor in his or her scholastic work. Academic Integrity Email Use Withdrawal from Class Scholastic dishonesty includes, but is not limited to, statements, acts or omissions related to applications for enrollment or the award of a degree, and/or the submission as one s own work or material that is not one s own. As a general rule, scholastic dishonesty involves one of the following acts: cheating, plagiarism, collusion and/or falsifying academic records. Students suspected of academic dishonesty are subject to disciplinary proceedings. Plagiarism, especially from the web, from portions of papers for other classes, and from any other source is unacceptable and will be dealt with under the university s policy on plagiarism (see general catalog for details). This course will use the resources of turnitin.com, which searches the web for possible plagiarism and is over 90% effective. The University of Texas at Dallas recognizes the value and efficiency of communication between faculty/staff and students through electronic mail. At the same time, email raises some issues concerning security and the identity of each individual in an email exchange. The university encourages all official student email correspondence be sent only to a student s U.T. Dallas email address and that faculty and staff consider email from students official only if it originates from a UTD student account. This allows the university to maintain a high degree of confidence in the identity of all individual corresponding and the security of the transmitted information. UTD furnishes each student with a free email account that is to be used in all communication with university personnel. The Department of Information Resources at U.T. Dallas provides a method for students to have their U.T. Dallas mail forwarded to other accounts. The administration of this institution has set deadlines for withdrawal of any collegelevel courses. These dates and times are published in that semester's course catalog. Administration procedures must be followed. It is the student's responsibility to 4
handle withdrawal requirements from any class. In other words, I cannot drop or withdraw any student. You must do the proper paperwork to ensure that you will not receive a final grade of "F" in a course if you choose not to attend the class once you are enrolled. The last day to drop with a W is Wednesday, September 10. The last day to drop with professor approval is Thursday, October 30. Procedures for student grievances are found in Title V, Rules on Student Services and Activities, of the university s Handbook of Operating Procedures. Student Grievance Procedures Incomplete Grades Disability Services In attempting to resolve any student grievance regarding grades, evaluations, or other fulfillments of academic responsibility, it is the obligation of the student first to make a serious effort to resolve the matter with the instructor, supervisor, administrator, or committee with whom the grievance originates (hereafter called the respondent ). Individual faculty members retain primary responsibility for assigning grades and evaluations. If the matter cannot be resolved at that level, the grievance must be submitted in writing to the respondent with a copy of the respondent s School Dean. If the matter is not resolved by the written response provided by the respondent, the student may submit a written appeal to the School Dean. If the grievance is not resolved by the School Dean s decision, the student may make a written appeal to the Dean of Graduate or Undergraduate Education, and the deal will appoint and convene an Academic Appeals Panel. The decision of the Academic Appeals Panel is final. The results of the academic appeals process will be distributed to all involved parties. Copies of these rules and regulations are available to students in the Office of the Dean of Students, where staff members are available to assist students in interpreting the rules and regulations. As per university policy, incomplete grades will be granted only for work unavoidably missed at the semester s end and only if 70% of the course work has been completed. An incomplete grade must be resolved within eight (8) weeks from the first day of the subsequent long semester. If the required work to complete the course and to remove the incomplete grade is not submitted by the specified deadline, the incomplete grade is changed automatically to a grade of F. The goal of Disability Services is to provide students with disabilities educational opportunities equal to those of their non-disabled peers. Disability Services is located in room SSB 3.200 in the Student Service Building. Office hours are Monday to Thursday, 8:00 a.m. to 6:00 p.m.; and Friday, 8:00 a.m. to 5:00 p.m. The contact information for the Office of Disability Services is: 972-883-2098 Telephone studentaccess@utdallas.edu StudentAccessAbility 800W.CampbellRd.,SSB32 Richardson, TX 75080 Essentially, the law requires that colleges and universities make those reasonable adjustments necessary to eliminate discrimination on the basis of disability. For example, it may be necessary to remove classroom prohibitions against tape recorders or animals (in the case of dog guides) for students who are blind. Occasionally an assignment requirement may be substituted (for example, a research paper versus an oral presentation for a student who is hearing impaired). Classes enrolled students with mobility impairments may have to be rescheduled in accessible facilities. The college or university may need to provide special services such as registration, notetaking, or mobility assistance. 5
It is the student s responsibility to notify his or her professors of the need for such an accommodation. Disability Services provides students with letters to present to faculty members to verify that the student has a disability and needs accommodations. Individuals requiring special accommodation should contact the professor after class or during office hours. The University of Texas at Dallas will excuse a student from class or other required activities for the travel to and observance of a religious holy day for a religion whose places of worship are exempt from property tax under Section 11.20, Tax Code, Texas Code Annotated. Religious Holy Days Off-Campus Instruction and Course Activities The student is encouraged to notify the instructor or activity sponsor as soon as possible regarding the absence, preferably in advance of the assignment. The student, so excused, will be allowed to take the exam or complete the assignment within a reasonable time after the absence: a period equal to the length of the absence, up to a maximum of one week. A student who notifies the instructor and completes any missed exam or assignment may not be penalized for the absence. A student who fails to complete the exam or assignment within the prescribed period may receive a failing grade for that exam or assignment. If a student or an instructor disagrees about the nature of the absence [i.e., for the purpose of observing a religious holy day] or if there is similar disagreement about whether the student has been given a reasonable time to complete any missed assignments or examinations, either the student or the instructor may request a ruling from the chief executive officer of the institution, or his or her designee. The chief executive officer or designee must take into account the legislative intent of TEC 51.911(b), and the student and instructor will abide by the decision of the chief executive officer or designee. Off-campus, out-of-state, and foreign instruction and activities are subject to state law and University policies and procedures regarding travel and risk-related activities. Information regarding these rules and regulations may be found at http://www.utdallas.edu/businessaffairs/travel_risk_activities.htm. Additional information is available from the office of the school dean. The descriptions and timelines contained in this syllabus are subject to change at the discretion of the Professor. 6