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