ACCT 305

Cost Accounting Systems

Fall 2006

Professor: Ralph Hooper

Course Description: Cost Accounting Systems. A course designed to introduce students to the fundamentals of developing cost accumulation systems and includes coverage of job order costing, process costing, activity-based costing, and standard costing systems. (Fall).

Prerequisites: ACCT 201 and BOTE 336.

Required Textbook: VanDerbeck, C0ST ACCOUNTING SYSTEMS, South-Western, 13/e, 2005.

Office Hours: Monday-Wednesday-Friday, 1:15 p.m. – 2:15 p.m. (Room 127).

Tuesday and Thursday, 10:20 a.m. – Noon (Room 127).

Email: ralph.hooper@vcsu.edu Phone: 845-7520

Grading: Your grade this semester will be determined based on the total points you earn. Students concerned about grades need to put in the time and effort during the semester. There will be no extra assignments/projects at the end of the semester for extra credit to increase your grade no matter how close a student is to that next highest grade. **There will be eight in-class exercises, but the lowest two scores on those exercises will be disregarded, leaving some flexibility for excused absences.

Attendance	50 points
Exam 1 (Chapter 1)	100 points
Exam 2 (Chapters 2-3)	100 points
Exam 3 (Chapters 4-5)	100 points
Exam 4 (Chapters 7-8)	100 points
Exam 5 (Chapters 9-10)	100 points
In-class Exercises (6 @ 25)	150 points
Total	700 points**

Periodic Exams: The five periodic exams during the semester will test your knowledge and understanding of the material in the chapters indicated. These exams will consist primarily of problems similar in nature to the exercises and problems we discuss in class. In addition, about 30 percent of each exam will be multiple-choice questions. The class will meet during final exam week either to complete the final exam or to discuss the final exam and your final grades.

Class Attendance and Participation: Students are expected to attend class and be prepared to actively participate. Students may be required to present exercises and problems in class. Truly understanding a topic requires sufficient understanding to explain it to someone else and that level of understanding requires effort on the part of students. That level of effort is expected.

Ability/Skill Level: The relevant ability for this class is Problem Solving and the skill and level are Gathering Information/Level 4.

Portfolio Project: There is no project in this class that qualifies for inclusion in the student portfolio required for graduation.

Warning: Be sure to read each chapter before we discuss it in class. The average student workload is one hour of work per week outside of class for every hour we meet in the classroom. Therefore, expect to spend 3 hours per week on this course outside of class.