COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Course Data Sheet

Fall Semester 2008

 

Course Number:  ACCT 321, Section 02 (M & W 2:30-3:45 PM; BA 203)

 

Course Title:  Strategic Cost Management

 

Course Description:

                Strategic cost management emphasizing contemporary topics through an understanding of concepts and fundamental techniques involved in cost accounting for manufacturing and service enterprises.  Job-order, process and standard costing are examined to support an understanding of Just-In-Time and Activity Based Systems, continuous improvement, quality measurements and theory of constraints, among others.  Emphasis is on how cost measurement systems, with their performance and reward systems, encourage efforts to achieve an organization’s strategic goals.

 

Course Prerequisites:  Grade of “C” or better in ACCT 202

 

Course Text and Required Materials:

 

                Horngren, Datar, Foster, Rajan and Ittner, Cost Accounting: A Managerial Emphasis, 13th edition, Pearson/Prentice-Hall, 2008.  ISBN 13: 978-0-13-813045-9. (This text is “REQUIRED” and should be brought to each class.  Points will be deducted from your final point total for each time you are called upon to answer a classroom question that you do not have the text in class with you.)

 

College Mission Statement:

                The College of Business and Public Affairs, consistent with the overall Mission of The University of Tennessee at Martin, develops graduates whose skills, abilities and ethical standards contribute to a diversified and dynamic society.  With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development.  Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change.  The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service.

 

Learning Objectives related to the BSBA Mission:

 

                Students will,

                                BSBA 1- demonstrate an understanding of the global aspects of business.

                                BSBA 2-demonstrate an understanding of the ethical aspects of business.

                                BSBA 3-demonstrate competence in appropriate technology in business.

                                BSBA 5-demonstrate an understanding of the business core.

                                BSBA 6-demonstrate competence in managerial accounting.

 

Course Specific Objectives (As approved by the Accounting Faculty):

 

                The study of Strategic Cost Management has as its objective to provide the student with an understanding of:

·         The decision making role of managers,

·         The production process and product costing,

·         The nature of costs and how cost behavior affects the decision making process,

·         The difference between short-run and long-run decisions,

·         The budget and other tools for planning, control and performance evaluation,

·         The importance of non-financial measures of performance, and

·         The relationship to the business core and to prepare the student for further study in other business courses.

 

Any student eligible for and requesting academic accommodations due to a disability is required to provide a letter of accommodation from Disability Services, 203 Clement Hall (881.7605), within the first two weeks of the semester.

 


 

COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Class Data Sheet

Accounting 321-02

 

Facilitator:  Robert L. Putman                                                                                                Semester:  Fall 2008

Office Location:  BA 20                                                                                                           Phone: (731) 881.7305; (731) 352.5797

Office Hours:  10:00-12:00 and 4:00-4:30 Monday and Wednesday                                     FAX: (731) 881.7141

E-Mail Address:  bputman@utm.edu    Website: UTM Homepage, Faculty and Staff, Faculty and Staff Web Pages, Robert Putman

 

 

Course Requirements:

 

ό  Attendance Policy:

o    All students are expected to attend class and to participate in classroom discussion.  Excessive unexcused absences will result in the lowering of one’s final point total by 10 points for each unexcused absence considered excessive.  Three or more unexcused absences are considered excessive by your class facilitator.  Excused absences which will not count against you will be granted at the discretion of your facilitator.  Please try to let me know in advance, if possible, of any absences which you believe should be excused.  Class will begin promptly at 2:30 each Monday and Wednesday except for Holidays.  I will check the role at the beginning of each class.  If you arrive late, it is your responsibility to let me know you were in attendance that particular day immediately following the end of the class.  Habitual tardiness (more than three times during the semester) without valid excuses will count as an absence on the fourth and succeeding late arrivals to class.  If you miss the role check at the beginning of class, you are considered to be tardy for that class.

ό  Homework Policy:

o    To perform well in this course, the student should read the assigned material and do the assigned exercises and problems prior to the class session it is to be covered.  Exercises and problems will not be collected for grading.  Rather, I will spot check these on due dates in the classroom.  You will not be required to work the exercises and problems perfectly in order to receive credit for them.  Up to 60 bonus points will be awarded at the end of the semester based on the degree of completion of such problems and exercises as they are checked.

ό  Exam Policy:

o    There will be four (4) exams given during the semester (see following schedule of assignments for tentative dates) and a final exam scheduled from 12:45-2:45 on December 9 (2:00 MWF Classes) or December 10 (3:00 MWF Classes).  I will let you decide the date by majority vote as we near the final exam week. 

o    Each of the five exams, including the final, counts 100 points for a total possible 500 points for the course.

o     Bonus points for homework are added at the end of the semester, so it is possible for you to obtain more than 500 points during the semester.

o    Letter grades will be assigned as follows:

§  A:  450-500 points                  (90%) 

§  B:  400-449 points                  (80%)     

§  C:  350-399 points                   (70%)

§  D:  300-349 points                  (60%)

§  F:  Less than 300 points          (LT 60%)

o    Very Important!!!

§  I will not give make up exams regardless of the reason for missing a regularly scheduled exam.  If your absence is unexcused, you will receive a zero (0) for the exam missed.  If your absence is excused (cleared with me in advance), I will allow you to count your final exam grade for the missed (only one time) exam.  Please do not ask me about making up an exam as I will refer you back to this statement.

 


 

1COLLEGE OF BUSINESS AND PUBLIC AFFAIRS

Accounting 321: Section 02

Tentative Class Schedule

 

Date

Chapter

Topic

Homework Assignment

Relationship of class work to BSBA Goals

08-25-08

 

Introduction & Syllabus Discussion

 

 

27

1

The Accountant’s Role in the Organization

16,17,21,22, & 29

BSBA 1,3,5, & 6

09-01

 

Labor Day Holiday

 

 

03

2

An Introduction to Cost Terms and Purposes

 

 

08

 

Product, period, direct, indirect costs

16,18,19,20,23,27,28,29, & 30

BSBA 6

10

 

Exam on Chapters 1 and 2

 

BSBA 6

15

4

Job Costing

 

 

17

 

Job cost ledgers and controlling accounts

16,18,23,24,28,37, & 40

BSBA 6

22

10

Determining How Costs Behave

 

 

24

 

Variable, fixed, costs; operating leverage

16,18,22,23,39, & 40

BSBA 6

29

3

Cost-Volume-Profit Analysis

 

 

10-01

 

Break-even and Target profits; Tax effects

16,18,20,21,24,25,27,34,38,43,44,47, & 48

BSBA 5 and 6

06

 

Exam on Chapters 4, 10, and 3

 

BSBA 6

08

5

Activity Based Costing and Management

 

 

13

 

Fall Break Holiday

 

 

15

 

Indirect cost assignment methods

16,17,20,21,25,28,30, &36

BSBA 3, 5, & 6

20

11

Decision Making and Relevant Information

22

 

Definition and use of relevant information

16,17,19,20,22,23,25,26,27,34,39, & 41

BSBA 2, 5, & 6

27

 

Exam Chapters 5 & 11

BSBA 6

29

6

Master Budget and Responsibility Accounting

 

 

11-03

 

Budget variances and causes

17,19,23,24,25,35,36, & 39

BSBA 2,3,5 & 6

05

7

Flexible Budgets, Direct Cost Variances &

 

 

10

 

Management Control

16,17,21,22,24,26,27,28,33, & 37

BSBA 3, 5, & 6

12

8

Flexible Budgets, Overhead Cost Variances

 

 

17

 

& Management Control

16,17,18,19,22,24,25,32, & 41

BSBA 6

19

 

Exam on Chapters 6, 7, & 8

 

BSBA 6

24

17

Process Costing

 

 

26

Thanksgiving Holiday

 

 

12-01

 

Equivalent Units of Production calculation

16,17,18,19,20,21,22,27,28,35,36, & 37

BSBA 6

03

18

Spoilage, Rework & Scrap

16,17,18,19,20,21,22,28, &29

BSBA 6

12-09 or 10

12:45-2:45

Final Exam on Chapters 17 and 18

 

BSBA 6

 

Important Dates to Remember:

 

August 29…………….Last day to add a class that meets the entire semester

September 1……….Labor Day Holiday

September 10……..First Exam

October 6…………….Second Exam

October 10…………..Mid-Term Progress Report

October 11-14……..Fall Break, no classes

October 17…………..Last day to drop classes without penalty (WD)

October 27…………..Third Exam

November 19……….Fourth Exam

November 26-30….Thanksgiving Holiday

December 5………….Classes End

December 9 or 10…Final Exam