SYLLABUS FOR COST ACCOUNTING I

Term: Fall 2015 (2015-1)

Course #: ACC 330X

Instructor: George F. Grzesiowski MBA/ABD/CPA
Office Room #: 516
Phone #: 219-473-4283 (Office)
E-mail: [email protected]
Other Phone: Cell: 219-716-5002 (Best)

Office Hours:
Monday 7:00 AM– 8:30 AM
3:15 PM – 4:15 PM
Tuesday 8:00AM – 12:00 PM
Wednesday. 7:00 AM – 8:30 AM
3:00 PM – 7:00 PM
Or, by appointment

Course Time/Classroom: Wednesday 7:00 – 10:00 PM Room 205

Course Description:
This course consists of a discussion of cost accounting concepts and objectives, an in-depth study of cost
accounting systems and accumulation procedures and a search into the elements of material, labor and
factory overhead costs.

Prerequisites: ACC 210/211

Learning Outcomes/ Competencies:

Students in this course will:
1. Describe how cost accounting is used for decision making and performance evaluation.
2. Explain the basic concept of cost and how costs are presented in financial statements.
3. Demonstrate how materials, labor and overhead costs are added to a product at each stage of the
production cycle.
4. Analyze the basic cost flow model and be able to assign costs in a job cost system.
5. Formulate overhead using predetermined rates and Activity-Based costing.
6. Asses how cost-volume-profit are related and use CVP analysis as a planning and decision making
aid.
7. Prepare a budget and use budgets for performance evaluation after flexing the budget.
8. Interpret variable cost variances and fixed cost variances.
9. Summarize process cost accounting and prepare a process cost report.

© 2015 George F. Grzesiowski

2400 NEW YORK AVE.  WHITING, IN 46394  TEL. 219-473-7770  773-721-0202  FAX 219-473-4259
 2

Learning Strategies: The course is supported by a blackboard site. All PowerPoint

presentations, demo problems, and assignment solutions will be posted on blackboard. Grades
will be posted on blackboard. Questions concerning assignments or course requirements can
also be posted on this site.
Textbooks: Cost Accounting; Horngren, Datar, Rajan; 15th ed., Prentice Hall, 2015..
ISBN9780133428704

Assessment:
Exams (3) 300 points 60%
Homework 200 points 40%
Total 500 100%

Grading Scale:
Grade Percent Points
A 92-100 460-500
A- 90-91 450-459
B+ 88-89 440-449
B 82-87 410-439
B- 80-81 400-409
C+ 78-79 390-399
C 72-77 360-389
C- 70-71 350-359
D+ 68-69 340-349
D 62-67 310-339
D- 60-61 300-309
F 59 and below 299 & below

Open Door Policy

Since your learning is my primary concern, it is imperative that anything preventing you from
learning be discussed. Please feel free to make an appointment with me or call me so that I can
help you keep on track.

Class Policy for Assignments: Students are expected to have read the chapter prior to the
lecture. Each chapter will be explained and discussed. Concepts will be illustrated by working
selected demonstration problems in class. Selected problems will be assigned as homework.
Homework problems will be checked in class. Prior to checking the homework, I will check
your working papers for completion. Late homework will be assessed a 50% late penalty.
Exams are take-home and problem orientated.

Class Policy on Attendance:

Attendance in class is an important priority. Accounting is a course that continues to build on
the knowledge gained. It is not possible to understand and grasp the fundamentals being taught
in later chapters unless the earlier chapters have been mastered. Missing classes will impede
your progress.

© 2015 George F. Grzesiowski

Student Responsibilities: All students no matter what their educational background, life/work
experiences, have something to offer that will enrich our class. As instructors, we not only
encourage participation, but also rely on it. As students, you should demand it, not only of
yourselves, but also of your classmates. Our class is only as good as we make it.

Classroom Behavior
The student is expected to treat the instructor and his/her fellow students with respect and
courtesy at all times. This means giving your full attention. No private conversations, no
catching up on homework assignments, no naps.

Class Policy on Electronic Devices: (Optional) (Cell phones, Beeper, Pagers…etc.)

Turn-off

Course Outline:
Week Dates: Topic and Assignment:

1 9/2 Introduction to Course

Chapter 1: The Accountant’s Role

2 9/9 Chapter 2: Cost Terms and Purpose

Chapter 3: Cost-Volume-Profit Analysis

3 9/16 Chapter 4: Job Costing

4 9/23 Chapter 5, ABC Costing

5 9/30 No class, Work on Exam

Exam 1: Chapters 1 to 5: On Blackboard

6 10/7 Chapter 6: Master Budget/Responsibility Accounting

7 10/14 Chapter 7: Flexible Budgets, Direct Variances, Control

8 10/21 Chapter 8: Overhead Variances, Control

9 10/28 Chapter 9: Inventory Costing

Chapter 10: Cost Behavior

10 11/4 Exam 2: Chapters 6, 7, 8, 9. 10

11 11/11 Chapter 11: Decision Making

12 11/18 Chapter 15: Cost Allocation of Support Departments

13 11/25 Chapter 17: Process Costing

14 12/2 Chapter 23: Performance (Just ROI, RI, EVA)

15 12/9 Exam 3: Chapters 11, 15, 17, 23

Policies and Procedures
Statement of Plagiarism:
If an instructor or other Calumet College of St. Joseph personnel find that a student has plagiarized or
been involved in another form of academic dishonesty, the instructor or other personnel may elect to
bring the matter up for judicial review. The maximum penalty for any form of academic dishonesty is
dismissal from the College. The procedures for judicial review are listed under the section of CCSJ
handbook that addresses student grievances.

PLEASE NOTE: All papers can and may be submitted for checks on plagiarism from the
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Calumet College of St. Joseph uses citation guidelines, generally MLA or APA format, to document
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instructor requires. The Library has reference copies of each manual; the Follett has copies for sale when
required by the instructor. In addition, there are brief MLA and APA checklists in your spiral “Student
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references from many sources, including electronic media, as well as how to space and indent the “Works
Cited” and “References” pages respectively. EBSCO and ProQuest articles provide both formats for you
to copy and paste. Proper documentation avoids plagiarism.

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After the last day established for class changes has passed (see College calendar), students may withdraw
from a course in which they are registered and wish to discontinue. A written request detailing the
reason(s) for the withdrawal must be completed with the Office of Academic Advising and filed with the
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If the request is honored by the faculty member, the student will receive notification of official
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If the request is denied by the faculty member, the notification will indicate why the withdrawal is
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withdrawal will be processed.

An official withdrawal is recorded as a "W" grade on the student's transcript. Discontinuing a course
without a written request for withdrawal automatically incurs an "FW" grade for the course (see Refund
Schedule). Failure to Withdraw (FW) is indicated when the student does not complete withdrawal
paperwork with the Office of Academic Advising nor does the student notify the instructor of their intent
to withdraw due to an illness, accident, grievous personal loss, or other circumstances beyond the
student’s control. This grade is submitted by the instructor at the end of term.

Resources
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introductory and advanced levels. For assistance, please contact the Student Success Center at 219 473-
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If a student believes that he or she needs a “reasonable accommodation” of some kind because of a
physical, psychological, or mental condition, he or she should contact Disabilities Services. The
Coordinator will secure documentation pertinent to the disability and work with faculty and staff, if
necessary, to address the matter. All questions and inquiries pertaining to disability services should be
directed to the Disability Services Coordinator at 219-473-4349.

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