ACCT6617           Cost: Measurement, Planning and Control (12 Weeks)           Summer, 2008
Email: beadil@earthlink.net and tombeam@dr.com                                                         Dr. T Beam
Fax: 215-836-7158                                                                      Home Page: alpha.fdu.edu/~tbeam
Objective    The basic elements of cost, the components of cost and cost control. Such topics as Job
Costing, Process Costing, and the planning, budgeting and control functions relative to costs and cost
structures. The course will focus on concepts and techniques and will include communication, critical
thinking skills, and decision making.
Text    Horngren, Foster, & Datar, Cost Accounting: A Managerial Emphasis, Prentice Hall,
            Englewood Cliffs, NJ, latest Edition.(Here, 12th edition, 2006.    
Grades:    Exam                      60%      Homework & Participation 40%      

Prerequisite: Completion of the introductory financial accounting course or the permission
         of the instructor.
Wk  Topics                                  Questions / Problems                       Articles & Hand-Outs
 1   Introduction                             Email Me                

 2   2 Cost Terms                           2-2, 5, 6, 7, 10, 11, 18, 20               Toxic Case    
    10 Behavior                               10-1, 3, 4, 10, 11, 15, 16, 18           Cost Graphs

 3   3 CVP                                      3-2, 4, 10, 11, 14, 16                      BEP Cases

 4   4 Job Costing                            4-1, 4, 6, 9, 13, 16, 17                    Case 29 (B&C)

 5   5 ABC Costing                          5-4, 5, 10, 13, 18, 21                      Case 29(D&E), ABC-1

 6   14 Allocations (492-500)           14-2, 3, 19                                      Art: Bores You
      15 Allocations (531-47)             15-1, 4, 6, 8, 23                              Case 29(F&G), ABC-2

 7   17 Process Costing                     17-3, 5, 10, 12, 19, 20, 24, 25       Case 29(H&I)

 8        Process Costing                                                                           ABC-3
        7 Direct Variances(227-37)       7-6, 11, 14, 24

 9     8 OH Variances(256-68, 281)  8-4, 7, 8, 21, 28                            ABC-4
        9 Variable Costing(294-304)     9-1, 2, 6, 8                                    Case 25

10  16 Joint & By Products                16-2, 3, 5, 8, 9, 14, 16, 17, 20
 
11 EXAM (Take Home & In Class: Open Book, Open Notes)

12 18 Spoilage & Rework                  18-1, 2, 5, 17, 18, 19, 20

The assigned QUESTIONS are to be answered in writing. You should always keep a copy of anything
that you turn into me.

QUIZZES may be given unannounced throughout the course and will cover material assigned for the
given class. There is no makeup of quiz grades. Each quiz will count as 5% of the homework &
participation grade.

EXAMS My exams test your understand of the material covered during the class. If there is a difference
between the text book and the class discussion, then the answer sought is the one from the class
discussion.

MISSED EXAMS If you must miss the exam, we can arrange a makeup.

NOTES for the follow problems use the following additional data:
    There are no notes yet.

ARTICLES will be handed out or you will select them from the literature. Prepare a ½ page summary
of the author's 5 key points. For selected articles, turn in a copy of the article with your summary. The
library assignment requires you to select 2 articles relevant to the course.

GROUP WORK Most of this material, including homework questions and problems,  may be done in
 groups. However, that does not mean that you should divide up the effort to the exclusion of some
members and the exhaustion of others. I expect that each individual will read the chapter and do the
problems. The group efforts consists in discussing, writing up, reviewing, and turning in the solution. I
reserve the right to quiz group members to insure that each has done the work, etc.

Email Me - Send me an email from an address where I can regularly reach you.

PARTICIPATION & TIMELINESS Your level of participation will be assessed at the end of the
semester and it will be part of your grade. If material that is to be graded is turned in late, it will lower
the grade you would otherwise have received. For material that is not graded (most of it), turn it in
during the next class that you attend.

INTEGRITY Please note the university's policy on cheating, plagiarism, and other violations of
academic integrity. First offence, F in the course, second offence, suspension from the university.
My policy is somewhat more severe, and I have no sense of humor on this subject.
    I encourage you to get help with all of your education, but help means assistance and not
replacement of effort. You should understand anything that you turn in with your name on it. I
reserve the right to ask you about any material which you purport to be your work. If you can
not explain any word or phrase that you use, it will be treated as plagiarism.

OUTCOMES The student should learn, understand and be able to use all of the topics,
concepts, and techniques enumerated in the course description and list of topics. The eventual
goal is best described by Frank H. T. Rhodes, President of Cornel University: “A college
graduate should ... be able to work with precision, rigor, and understanding in a chosen
discipline so as to understand not only something of its content but also its premises,
relationships, limitations, and significance.”