ACC 350 INTERNAL REPORTING



ACC 350

INTERNAL REPORTING

SPRING 1997

INSTRUCTORS: (Fax 965-8392)

Doug Johnson, 7:40 section, BA 267I, 965-6614, Doug.Johnson@asu.edu

Pat McKenzie, 9:40 section, BA 223H, 965-7337, Pat.McKenzie@asu.edu

Barry Mishra, 11:40 & 1:40, BA 297K, 727-6326, Barry.Mishra@asu.edu

LAB ASSISTANT: Rebecca Upton

CATALOG DESCRIPTION: Cost accumulation systems for product costing; cost behavior concepts for planning and control with the integration of quantitative methods.

COURSE OBJECTIVES: To provide each student with an in-depth understanding of the theory and concepts underlying conventional cost systems as well as the rationale for the development and understanding of modern cost management systems. In addition to technical competence in managerial accounting, course objectives also include enhancement of the following skills: team, interpersonal, communication, decision making, quality and continuous improvement, ethical and learning to learn.

TEXT AND REQUIRED SUPPLEMENTS:

Cost Management: Accounting and Control, 2e by Hansen & Mowen, 1997.

Quality or Else, Dobyns and Crawford-Mason, Houghton Mifflin, 1991.

Interactive Managerial Accounting Lab, Pattison, McKenzie, Birney.

CLASS/LAB FORMAT: ACC 350 classes are scheduled for Mondays and Wednesdays while the related required lab is on Fridays. Typical class activities will involve discussion of assigned homework, cooperative learning (CL) activities, review/reflection on chapter being completed, one-minute feedback quiz, and mini-lecture on next chapter. Typical lab activities will include individual/group quizzes and feedback, computer exercise modules and related feedback, videos, outside speakers, CL activities and demonstration problems.

CLASS PREPARATION: All reading assignments, computer exercise modules and homework problems should be completed in their entirety by the indicated dates (prior to class) as many class and lab activities will be based on the assigned material. The computer exercise modules must be completed and input to the ASU computer network at least one hour prior to class/lab for the day assigned (no credit for late computer exercises after second week). Each assigned homework problem should be neatly prepared and a copy will collected at the start of each class or lab session. It is critical that you have a copy for use in class or in the lab. The homework collected will be reviewed for effort and completeness and will be used to help determine a major part of your homework grade. (Please note that accuracy is not one of the grading criteria; rather, students are expected to make their best attempt to work the required questions/exercises/problems completely and to demonstrate their effort at doing so by clearly showing all supporting computations.)

PRIMARY PEDAGOGY: Cooperative Learning (CL), a highly structured form of group work, will be used to enhance student learning in this class. CL is a very successful, student-centered approach to active learning. For the benefits of CL to be fully realized, 100% attendance and participation is required. To encourage active participation by all, you will have the opportunity to evaluate the contributions of your group members. Your candid and honest evaluations will be used as one of the inputs in the assignment of participation points for the course.

CLASS/LAB ATTENDANCE: PROMPT attendance at ALL class and lab meetings is expected and will be a factor in assigning participation points. Each student is individually responsible for all material covered in class/lab and for any announcements made in class/lab including assignment changes.

PARTICIPATION: Your active participation in this class and group activities is critical for the success of this class. Peer evaluations, attendance, case presentations and instructor judgment will be used to determine your participation score.

CASE PRESENTATIONS AND HOMEWORK: Everyone will be required to be involved in one formal (Powerpoint required) group case presentation which will be video taped. Your homework points will be based on homework and cases collected.

REQUIRED PROCEDURE FOR GROUP SOLUTION OF CASES: At the initial group meeting for each case, each group member must come prepared with a written preliminary solution of the case which must be turned in with the final group solution. Failure to fully participate in the group solution constitutes academic dishonesty and will be treated accordingly. Students are expected to note such failures on the peer evaluations.

GRADING: The final course grade will be determined as follows:

Midterm exams.(two).............400 points

Final exam......................200

Quizzes.........................100 (best 9 of 10)

Participation/peer evaluations..100

Writing assignment.............. 50

Homework/cases collected........ 50

Mini-job order practice set..... 50

Computer exercise modules....... 50

A total of 900 points will be required for a grade of A, 800 points for a B, 700 for a C and 600 for a D except that your final course grade cannot be higher than your grade for Participation or for Homework. Performance on the Final Exam will be used to evaluate borderline grades. If a student misses the midterm exam and has a valid and documented excuse, the final exam will be weighted double. You may bring one page (both sides and 8 1/2 by 11 paper) of notes to each exam.

IMPORTANT DATES:

MLK Day - no classes....................... Jan 20

Unrestricted withdrawal deadline........... Feb 14

Exam #1.................................... Feb 21

Spring Break .............................. Mar 17-21

Exam #2.................................... Apr 4

Restricted course withdrawal deadline...... Apr 4

Final exam (Saturday, 2:40 - 4:30)......... May 10

ACADEMIC HONESTY AND DISRUPTIVE CLASSROOM BEHAVIOR: Cheating, plagiarism, dishonest peer evaluations, etc. cannot be tolerated and will be dealt with severely. Disruptive classroom behavior by any student will result in an administrative withdrawal from the course.

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ACC 350 INTERNAL REPORTING

Tentative Assignments

Spring 1997

MODULE 1: Product and Service Costing

Date Topics Assignments Due

|Week #1 Jan 20| | |

| |MLK Day - No Classes |None |

|Jan 22 |Welcome to ACC 350 |Read Chapters 1 and 2 |

| |Tour of Syllabus | |

| |Collect Student Info/Learning Styles | |

| |Team Formation/Learning Partners Contract | |

| |Course Overview and Learning Objectives | |

| |Chapter 2 Review - Cost Concepts/Terms | |

|Jan 24 |Quiz #1 on Chapter 2 |Computer Modules: Tutorial (optional) & #2 |

| |Lab Objectives and Procedures |Read Chapter 3 |

| |Regression/Excel demo |Computer Module 6h |

| |Chapter 3 Introduction - Cost Behavior | |

|Week #2 | | |

|Jan 27 |Cost Behavior Patterns |Read Regression Article (#1) |

| |Regression Analysis:Assumptions/Limits |3-2 Resource Supply and Usage |

| |Using Excel for Regression |3-3 Step Costs and Relevant Range |

| |Resource Usage Model |3-11 Cost Behavior Patterns |

| | |3-16 Regression - Use EXCEL |

|Jan 29 |Problems with Teams/Team Contract |3-12 Resource Usage Model |

| |More Cost Behavior |3-19 Regression Analysis - Use EXCEL |

| |Comparison of Regression Equations | |

| |Chapter 4 Introduction - Job Order Costing | |

|Jan 31 |Quiz #2 on Chapter 4 |Read Chapter 4 |

| |Plant Tour Video |Computer Module 3 |

| |Practice Set Introduction | |

| |Regression Exercise | |

ACC 350 INTERNAL REPORTING

Spring 1997

Date Topics Assignments Due

|Week #3 | | |

|Feb 3 |Job Order Costing |4-2 Product Cost Systems |

| |Overhead Application |4-3 Overhead Application |

| |Job Order Journal Entries |4-11 Job Order Journal Entries |

| | |4-12 Cost of Goods Manufactured |

|Feb 5 |Overhead Rates |4-25 Plant-wide/Departmental OH Rates |

| |Ethical Issues |4-26 Overhead Rates and Ethics |

|Feb 7 |Quiz #3 on Chapter 8 |Reread IMA Code of Ethics (pp. 17-19) |

| |Ethics Video - Phar Mor |Read Chapter 8 |

| |IMA Code of Ethics |Computer Module 5a |

|Week #4 | | |

|Feb 10 |ABC Concepts |8-3 Multiple vs. Single OH Rates |

| |Activity Cost Drivers |8-9 Regression and Cost Assignment |

| |Homogeneous Cost Pools |8-10 Tradition Costing vs. ABC |

|Feb 12 |More on ABC |8-11 ABC in Service Industry |

| |Non-Manufacturing Applications |8-17 ABC and Cost Pools |

|Feb 14 |ABC video |Read ABC at HP article |

| |Comments on Mid-Term Exam |Job Order Practice Set Due |

| |Review for Exam | |

|Week #5 | | |

|Feb 17 |ABC Jigsaw |Read/Outline Assigned ABC Article |

| |Case Presentation #1 |Case #1 Hartley Company |

|Feb 19 |ABC Academic Controversy |Case #2 Destin Brass |

| |Case Presentation #2 | |

| |Chapter 9 Introduction - Strategic Cost Mgt. | |

|Feb 21 |MID-TERM EXAM #1 |Chapters 1,2,3,4,8 |

ACC 350 INTERNAL REPORTING

Spring 1997

MODULE 2: Decision Support and Analysis

Date Topics Assignments Due

|Week #6 | | |

|Feb 24 |Strategic Cost Management |Read Chapter 9 |

| |JIT Video |Computer Module 5bh |

| |Backflush Costing |9-10 Life Cycle Cost Management |

| |Chapter 21 Introduction - Quality |9-16 Cost Behavior. JIT, ABC |

|Feb 26 |Quality Movement |Read Chapter 21 and SPC article |

| |Costs of Quality |Computer Module 10b |

| |Chapter 10 Introduction - CVP Analysis |21-5 Quality Costs |

| |Handout Writing Assignment |SPC Problem - Handout |

|Feb 28 |Quiz #4 on Chapter 10 |Read Chapter 10 |

| |ABM speaker(s) |Computer Module 7a |

| |Deming Video #1 |Read ABM at Dayton Tech article |

|Week #7 | | |

|Mar 3 |CVP Analysis |10-6 BE Computations with Taxes |

| |CVP Assumptions |10-9 BE Computations for Service Firm |

| |Multiple Product Computations |10-11 Multiple-Product BE - Use EXCEL |

|Mar 5 |More CVP Analysis |10-20 What If Analysis - Use EXCEL |

| |Sensitivity Analysis |10-37 ABC/CVP/Regression |

| |CVP and ABC |10-38 ABC/Multiple Products |

| |Introduction to Ch. 11 - Short-term Decisions | |

|Mar 7 |Quiz #5 on Chapter on Chapter 11 |Read Chapter 11 |

| |ABI Inform |Computer Module 13 |

| |Deming Video #2 | |

|Week #8 | |Read Outsourcing article |

|Mar 10 |Short-term Decisions |11-4 Special Order Decision |

| |Special Order Decisions |11-6 Make or Buy Decision |

| |Make or Buy Decisions |11-16 Sell or Process Further Decision |

|Mar 12 |Short-run Profitability |11-14 Segmented Income Statements |

| |Short-term Decisions |11-17 Plant Shutdown Decision |

| |Introduction to Ch. 12 - Capital Budgeting | |

|Mar 14 |Quiz #6 on Chapter 12 |Read Chapter 12 |

| |Writing Skills Workshop |Computer Modules 15a, 15bh, and 15d |

| |Capital Budgeting Demo Problem | |

MARCH 17-21 SPRING BREAK

ACC 350 INTERNAL REPORTING

Spring 1997

Date Topics Assignments Due

|Week #9 | |12-7 NPV vs. IRR |

|Mar 24 |Capital Budgeting Analysis |12-8 After Tax Cash Flows |

| |Analysis of Cash Flows |12-11 Cash Flow Computations |

|Mar 26 |Investment Decision Criteria |12-15 Replacement Decisions (Clarify!) |

| |Introduction to Ch. 15 - Profitability Analysis |12-19 Capital Budgeting and Ethics |

|Mar 28 |Quiz #7 on Chapter 15 |Read Chapter 15 |

| |Demo Problem - Capital Budgeting |Computer Module 11b |

| |Comments/Review for Mid-Term Exam | |

|Week#10 | | |

|Mar 31 |Profitability Analysis |15-4 Variable Costing & Absorption Costing |

| |Variable vs. Absorption Costing |All-Fixed Company - Handout |

| |Case Presentation #3 |Case #3: Liquid Chemical A (Net Income) |

|Apr 2 |Sales Variances |15-6 Sales Variances |

| |Case Presentation #4 |15-7 Sales Variances |

| |Introduction to Chapter 16 - Budgeting |Case #4: Liquid Chemical B (Cash Flow) |

|Apr 4 |MID-TERM EXAMINATION #2 |Chapters 9,10,11,12,15,21 |

MODULE 3: Cost Planning and Control Systems

|Week#11 | |Read Chapter 16 and Budgeting article |

|Apr 7 |Budgeting Process & Procedures |Computer Module 8 |

| |Master Budget Mechanics |16-2,3 Production & Purchases Budget |

| | |16-8 Cash Budget |

|Apr 9 |Participation in Budgeting |16-21 Master Budget - Use EXCEL |

| |Sensitivity Analysis - EXCEL |What If Analysis - Handout |

| |Introduction to Ch. 17 - Std. Costs/Variances |16-24 Budgeting Process and Participation |

|Apr 11 |Quiz #8 on Chapter 17 |Read Chapter 17 |

| |Demo Problem - Variances |Computer Modules 9ah and 10ah |

| |Standard Cost Video | |

|Week#12 | |17-2 Standard Quantity Computation |

|Apr 14 |Variance Analysis |17-6 RM Usage, Mix, Yield Variances |

| |Setting Standards |17-11 Variances & Journal Entries |

|Apr 16 |Comprehensive Variances |17-10 Overhead Variances/Journal Entries |

| |Introduction to Ch. 14 - Pricing |17-17 Assume Actual SP = $35 |

| | |and Budgeted SP = $30) |

| | |Writing Assignment Due |

|Apr 18 |Quiz #9 on Chapter 14 |Read Chapter 14 |

| |CMA/Careers/Skills/Resources/Speaker |Computer Module 14h |

| | |Read What Corporate America Wants article |

| | |Read CMA articles (pp. 34-50) |

ACC 350 INTERNAL REPORTING

Spring 1997

Date Topics Assignments Due

|Week#13 | | |

|Apr 21 |Pricing Concepts |14-8 Life Cycle and Target Costing |

| |Life Cycle Costing |14-13 Sales Price and Volume Variances |

| |Target Costing |14-15 Price Discrimination |

| |Value Chain Concepts |Read Kaizen Costing article |

| |Introduction to Ch. 18 - Decentralization | |

|Apr 23 |Performance Measurement |18-7 Transfer Pricing and Idle Capacity |

| |ROI vs. Residual Income |18-8 ROI and Residual Income |

| |Transfer Pricing. |18-11 Transfer Pricing |

| |Introduction to Ch. 20 - Cont. Res. Acctg |18-22 Ethical Considerations |

|Apr 25 |Quiz #10 on Chapter 20 |Read Chapter 20 |

| |Benchmarking Exercise/Speaker |Computer Module 9bh |

| |Ethics at Martin-Marietta | |

|Week#14Apr 28 | | |

| |Contemporary Responsibility Accounting |20-13 Life Cycle Budgeting |

| |Benchmarking |20-21 Flexible Budgeting; ABC; Variances |

|Apr 30 |Case Presentations #5 and #6 |Case #5 Cotter Company |

| | |Case #6 Birch Paper |

|May 2 |No Quiz |Assignment TBA |

| |Supplemental Assessments | |

| |Comments/Review for Final Exam | |

|Week#15 | | |

|May 5 |Case Presentation #7 |Case #7 Tall Tree Casino |

| |COB Teaching Evaluations | |

|May 7 |Course Overview |Peer Evaluations Due |

| |Review for Final Exam |Assignment TBA |

|May 9 |No Friday Lab | |

|May 10 |SATURDAY - FINAL EXAM (2:40-4:30) | |

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