COLLEGE OF BUSINESS AND GLOBAL AFFAIRS

Course Data Sheet

Fall Semester 2009

 

Course Number:  ACCT 321, Section 01 & 02 (M & W 2:30-3:45 PM and 4:00-5:15 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 Global 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 social, political and economic change in a global society. The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research and service.

 

                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 GLOBAL AFFAIRS

Class Data Sheet

Accounting 321-01 & 02

 

Facilitator:  Dr. Robert L. Putman, CPA                                                                                  Semester:  Fall 2009

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

Office Hours:  M-1:00-2:30 PM; W-10:00-12:00 AM & 1:00-2:30 PM                                  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:

 

ü  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.  Classes will begin promptly at 2:30 and 4:00 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.

ü  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.

ü  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 15 for Section 01 and December 17 for Section 02. 

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.

 



COLLEGE OF BUSINESS AND GLOBAL AFFAIRS

Accounting 321: Section 01 & 02

Tentative Class Schedule

 

Date

Chapter

Topic

Homework Assignment

Relationship of class work to BSBA Goals

8/31/2009

1

Introduction & Syllabus Discussion

 

 

2-Sep

1

The Accountant’s Role in the Organization

18,20,24,27, & 30

BSBA 2,5, & 6

7

 

Labor Day Holiday

 

 

9

2

An Introduction to Cost Terms and Purposes

 

 

14

2

Product, period, direct, indirect costs

17,21,22,25,28, & 31

BSBA 3 & 6

16

3

Cost-Volume-Profit Analysis

 

 

21

3

Break-even and Target profits; Tax effects

17,19,22,26,30,31,36,48

BSBA 1,2,3 & 6

23

3-Jan

Exam on Chapters 1 - 3

 

BSBA 6

28

10

Determining How Costs Behave

 

 

30

10

Variable, fixed, costs; operating leverage

17,20,24,25,32,38

BSBA 3 & 6

5-Oct

4

Job Costing

 

 

7

4

Job cost ledgers and controlling accounts

17,19,25,27,30,38

BSBA 6

12

5

Activity Based Costing and Management

 

 

14

5

Indirect cost assignment methods

16,19,23,31,36,39

BSBA 2,3 & 6

19

 

Fall Break Holiday

 

 

21

10,4,5

Exam on Chapters 10, 4, & 5

 

BSBA 6

26

6

Master Budget and Responsibility Accounting

 

 

28

6

Budget variances and causes

20,22,28,31,37,41

BSBA 1 & 6

2-Nov

7

Flexible Budgets, Direct Cost Variances &

 

 

4

7

Management Control

18,19,20,24,31,35

BSBA 6

9

8

Flexible Budgets, Overhead Cost Variances

 

 

11

8

& Management Control

20,22,29,30,36,43

BSBA 2, 3 & 6

16

8-Jun

Exam on Chapters 6, 7, & 8

 

BSBA 6

18

11

Decision Making and Relevant Information

 

 

23

11

Definition and use of relevant information

17,29,30,31,34,35,37,38

BSBA 2 & 6

25-29

 

Thanksgiving Holiday

 

 

30

17

Process Costing

 

 

2-Dec

17

Equivalent Units of Production calculation

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

BSBA 6

7

18

Spoilage, Rework & Scrap

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

BSBA 6

9

11, 17, 18

Exam on Chapters 11, 17 and 18

 

BSBA 6

12-15 or 17

12:45-2:45

Comprehensive Final

 

 

 

Important Dates to Remember:

 

August 31…………….Classes begin

September 4……….First adjustment period

September 23……..First Exam

October 21………….Second Exam

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

October 17-20……..Fall Break, no classes

October 23…………..Last day to drop classes without penalty (WD)

November 16.……..Third Exam

November 26-30….Thanksgiving Holiday

December 9………….Fourth Exam

December 9..……….Classes End

December 15 or 17…Final Exam