Cost ACC 3200 Syllabus PDF

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Syllabus cost accounting 3200 CLASS ACC...

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ZICKLIN SCHOOL OF BUSINESS STAN ROSS DEPARTMENT OF ACCOUNTANCY BARUCH COLLEGE Spring 2021 Accountancy 3200 Section TTRA Instructor: Scott VandeVoort Email: [email protected]

Virtual Class Time: Tu/Th 7:45–9:25pm Virtual Office Hours: Tu/Th 6:15-7:30pm

Departmental Mission The mission of the Stan Ross Department of Accountancy is (1) to operate the undergraduate, master’s, and doctoral programs in accountancy, (2) to provide accounting knowledge to students with majors in areas other than accounting, and (3) to serve its student, academic, and business constituencies through engagement in high quality research. These academic programs focus on the development, measurement, analysis, validation and communication of financial and other information. Much of the emphasis is directed to enhancing students’ ability to understand the business and regulatory environment and to alert students to the broad implications of accounting decisions. In addition to developing an understanding of the theory and the skills necessary for successful careers in accounting, students should be prepared to build upon this knowledge to advance to positions of higher responsibility. The overall goal is to continue the tradition of Accountancy at Baruch both in the external auditing context and as managerial accountants who help to create and operate successful businesses. Course Objectives Consistent with the department’s mission, the Cost/Managerial Accounting course aims to develop the skills that will help convert data into information that leads to informed decisions, and in turn to improved profitability of a business enterprise. The accounting results generated for financial reporting purposes have limited usefulness: financial statements prepared in accordance with GAAP do not help in day-to-day decision making as they are affected by conventions that—although generally accepted—are not particularly meaningful for managers. Accordingly, managerial accountants have to work from a different perspective to provide independent professional services that improve the quality of information, or its context, for decision makers. At the end of this course, students should: 1) Be comfortable discussing cost and profit estimates arising from many typical business decisions; 2) Understand clearly both the role of overhead and of overhead allocation mechanisms in the measurement of productions costs; 3) Be able to prepare budgets and standards and compute variances from the budget; 4) Understand the role of simple incentive mechanisms and transfer prices in coordinating activities within a multi-division firm. General • This will be a challenging course for many students. It is strongly advised to read the assigned chapter both before and after each lecture. • The homework assignments represent a minimum. It is strongly recommended that students solve as many end-ofchapter exercises and problems as possible. Course Materials • Text: (Baruch College Edition) Managerial Accounting by Garrison-Noreen-Brewer, 17th Edition with McGraw Hill Connect. You can purchase the “bundle” (Baruch Edition textbook and Connect) from our Baruch College bookstore (https://baruch.bncollege.com/shop/baruch/page/find-textbooks). They will ship the bundle without any shipping charge for ground delivery. The bundle will come with a code for Connect registration. •

Other Materials on Blackboard (BB): o Syllabus (in “Syllabus & Other Course Documents”) o PowerPoint Slides (in “Lectures”) o Archived Lecture Recordings (in BB Collaborate Ultra under “Course Tools”)

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Connect Registration This may be different from how you’ve accessed other courses! • Go to your section of ACC3200 on Blackboard. • Go to “Connect Homework” and click any assignment listed. This will take you to Connect. • You can (1) enter Connect code (if you already have one) or (2) register on a temporary basis. • Temporary access will allow you to work on assignments and read the e-book for two weeks. • To convert your temporary access when you receive the book, be sure to update your Connect account with your purchased code so that your account is not disabled. • Register with your Baruch email address under your formal name on the class roster (do not use your nickname, etc.). I will remove accounts that are not identifiable according to the class roster. Course Delivery Lectures Lectures for this course will be provided live online during the regularly scheduled course time using Blackboard Collaborate Ultra. This platform can be accessed within the ACC3200 course page in BB under “Course Tools”. PowerPoint documents for each lecture can also be found in BB under “Course Documents”. You are expected to attend all lectures and participate during class by using the chat, responding to questions, or through your audio connection. While I will attempt to record and archive lectures in BB subsequent to each class period, you should not rely on this. These recordings are not intended to replace our live sessions and should only be used for review. If you have technical difficulties or other issues which prevent you from attending a class session, please contact the instructor. Similarly, the PowerPoint documents provided are meant to guide the lectures and are not a complete summary of the material for which you are responsible. You should plan to take additional notes and annotate the slides during and after the lectures. In addition, the mastery of accounting concepts requires you to practice working through computational problems. You should have pen, paper, and a calculator ready for use during class. Office Hours Scheduled office hours will be held using Zoom with the meeting information posted in BB under Announcements. When entering the meeting, you will be held in the virtual “waiting room” until your turn to be admitted. No appointment is necessary, and students will be taken in order of arrival. If you are asking for help with HW, please be ready to share your screen to show your work. Keep in mind, questions on HW should be as specific as possible. Asking “How do I do this problem?” is not an effective way to learn the material. Other Communications Given that this term is entirely remote, you must check Blackboard regularly as it will be our primary means of communication. Specifically you should monitor two sections: (1) the “Announcements” page will contain information for all students provided by the instructor, and (2) on the Discussion Board, you will find a “Course Forum” where students should post questions, comments, and responses related to the conduct of the course. It is your responsibility to check the BB site regularly. While Blackboard will be the primary method of communication, any questions/suggestions/comments related to your personal situation can be communicated by email anytime. I will try to respond as soon as practical. When communicating by email, please note the following email etiquette: • Use your Baruch account only. I will not respond to emails from other accounts (such as Gmail or Yahoo) as I am not able to verify the identity of the sender as a registered student. • Any email sent to me should include a short description in the subject area (e.g., ACC3200 question). Your full name should be included in the message. • Do not use the email list on Blackboard for any purpose unrelated to this course. • Emails in ACC 3200 are a form of business communication. Therefore, you should compose emails with the same attention to correct grammar and syntax, politeness, and professional tone that apply to all forms of business correspondence.

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Course Assessment A total of 100 possible points are available as follows: •

Two midterm exams (20 points for Midterm I and 25 points for Midterm II). Midterms will be given online using Connect during the scheduled class time with a maximum of 100 minutes allowed per exam.

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Final exam (35 points). The final exam will also be online during the designated final exam period with a maximum of 120 minutes allowed. You must pass the final to pass the course.

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Homework (18 points). HW assignments are to be completed using McGraw-Hill Connect accessed per the instructions above. You will earn the full 18 points if you score 820 points in Connect (out of 890 possible points).

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A Photo and Brief Bio (2 points). Your photo should be loaded into your Blackboard profile (instructions are posted in BB under “Syllabus & Other Course Documents”) and a brief bio should be added to the Discussion Board thread by February 23 (Tu).

Homework (HW) Assignments • As you can see from the “Course schedule” on the last page of this syllabus, there are many homework assignments. Each assignment is due at 11:59 pm on either Tuesday or Thursday. You should assume that whenever we have a scheduled class, there is a HW assignment due that night (so that it is easier to keep track of due dates). You should, however, start working on each assignment as soon as possible. Many assignments take a long time to finish. • Due dates are clearly stated in Connect and the Course Schedule. For example, the first HW (titled “Chapter 1” and consisting of 1F; 1-14, 21) is due on February 9 at 11:59 pm. • The assigned problems are all from the textbook (end-of-chapter problems). The schedule refers to them according to the exercise (problem or case) numbers in the textbook. However, you will find only the assigned problems in Connect in numerical order (e.g., Q1, Q2, Q3,...). That is, you are responsible for all the problems you see in Connect. “F” and “Excel” in the list of HW problems stand for Foundational questions and Excel problems, respectively. • All HW problems are algorithmic. That means each student has a different set of numbers for each problem. • If you want to work on additional problems, you can try other end-of-chapter problems in the textbook. Check figures for select problems and cases provided by the publisher are posted in BB under “Syllabus & Other Course Documents” so you can assess whether you are on the right track. Homework Policy • No late assignments are accepted under any circumstance. • Assignments are submitted automatically at the time when they are due. (Hint: Start working on them ASAP. Let the assignments be automatically submitted rather than “submit” yourself. Once you submit an assignment, you will not be able to get it back). You have only one attempt (submission) for each assignment. • You can check your answers up to 10 times. • The assignments (with correct answers) will become available one hour after the due time. • Connect also has LearnSmart and additional problems in the library. Examination and Grading Policies • There will be no make-up midterm examinations under any circumstances. • All exams will be conducted online and are intended to assess your knowledge of course content. In order for you to complete the exam during the specified time period, you will not have enough time to access reference materials. In addition, your Internet browser will be locked to allow access only to the Connect window. Therefore, you should prepare for the exam as if you are taking a closed-book exam. • You are expected to comply with our academic integrity policy (see below). Any form of cheating will be reported to the Dean of Students and will result in failure in the course and possible suspension from Baruch College. See the formal statements below. • During exams, we will use Proctorio, a browser-locking and remote proctoring solution designed to protect the integrity of examinations. The Proctorio system works on a desktop, laptop, Chromebook, or Microsoft Surface (but not on iPad) and requires Google Chrome and a Chrome extension along with other minimum system requirements. Directions for set-up and requirements are posted in BB under “Syllabus & Other Course

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• • • • •

Documents” and can also be found at https://proctorio.com/support. Students are responsible for ensuring that Proctorio is correctly installed and functioning prior to exams. To assist in this effort, students are required to review and submit a Proctorio orientation assignment in Connect. In addition, one HW assignment in advance of Midterm I will have Protorio enabled to confirm it is functioning correctly. The US Federal Government also requires that all schools have a process in place for verifying student identity to protect against Federal Student Aid (FSA) fraud. Your privacy is protected with Proctorio, which does not have access to unrelated information or does not retain any information after the exam. The instructors of ACC3200 will make a judgment as to any potential academic integrity violation. Grades will be posted on Blackboard. Any inquiries about the grades should be emailed within a week from the examination date. Once the course grade has been determined and assigned, there will be no change or negotiation. The weights—identified in the Course Assessment above—are identical for every class member such that submitting additional work will not be accepted to compensate for poor exam scores.

Academic Honesty: Baruch Policy Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism, and collusion in dishonest acts undermine the College's educational mission and the students' personal and intellectual growth. Baruch students are expected to bear individual responsibility for their work, to learn the rules and definitions that underlie the practice of academic integrity, and to uphold its ideals. Ignorance of the rules is not an acceptable excuse for disobeying them. Any student who attempts to compromise or devalue the academic process will be sanctioned. Academic sanctions in this class will range from an F on the assignment to a WF in this course. A report of suspected academic dishonesty will be sent to the Office of the Dean of Students. Additional information and definitions can be found at http://www.baruch.cuny.edu/academic/academic_honesty.html

Students with Disabilities. Baruch has a continuing commitment to providing reasonable accommodations for students with disabilities. The need for accommodations and the process for arranging them have been altered by COVID-19 and the safety protocols currently in place. Students with disabilities who may need some accommodation in order to fully participate in this class should contact Student Disability Services as soon as possible at [email protected]

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Learning Goals: BBA Learning Goals

Significant Part of Course

Moderate Part of Course

Minimal Part of Course

Not Part of Course

Analytical Skills

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Technological Skills

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Communication Skills: Oral

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Communication Skills: Written

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Civic Awareness and Ethical DecisionMaking

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Global Awareness

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Assignments

Course Learning Goals

BBA Learning Goals

Pre-Midterm 1 Assignments: Students will complete Foundational questions, Exercises, and Practice problems from Chapters 1, 2, 3, and 5. LearnSmart modules for each chapter is recommended.

Demonstrate an understanding of cost concepts and classification, CVP analysis, job-order costing., and ABC.

Analytical Skills Technological Skills Civic Awareness and Ethical Decision-Making Global Awareness

Pre-Midterm 2 Assignments: Students will complete Foundational questions, Exercises, and Practice problems from Chapters 4, 4B, 7, 8, 9, 10, and 11B. Pre-Final Assignments: Students will complete Foundational questions, Exercises, and Practice problems from Chapters 6, 11, 12, and 11A.

Lectures

Exams (2 midterms and 1 final): Multiple-choice exam of all readings and PowerPoint presentations

Demonstrate an understanding of process costing, ABC, budgeting, flexible budgets, standard costs and variances, and service department costing. Demonstrate an understanding of segment reporting, performance measurement, variable costing, relevant costs for decision making, and transfer pricing. Discuss important concepts and applications on topics in each chapter and the importance of ethics in managerial accounting. Apply the concepts discussed in class and managerial accounting tools to a variety of business contexts.

Analytical Skills Technological Skills Global Awareness Analytical Skills Technological Skills Written Communication Civic Awareness and Ethical Decision-Making Analytical Skills Oral Communication Civic Awareness and Ethical Decision-Making Analytical Skills Civic Awareness and Ethical Decision-Making Global Awareness

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ACC3200 Spring 2021 Schedule Date

Topic

Textbook Chapters

Homework (17e)

Homework’s Title (on Connect)

1

2-Feb

Tu

Introduction

Prologue

2 3

4-Feb 9-Feb

Th Tu

Cost Concepts Cost-Volume-Profit Relationships

Chapter 1 Chapter 5

1F; 1-14, 21

Chapter 1

Chapter 5 (incl. 5A)

Excel; 5F

Chapter 5(1) Chapter 5(2)

4

11-Feb

Th

Cost-Volume-Profit Relationships (5A)

5

16-Feb

Tu

Job-Order Costing

Chapter 2 (incl. 2B)

5-11,20,22,28,30,32; 5A-1,2

6

18-Feb

Th

Job-Order Costing

Chapter 3

Excel; 2F; 2-11,13; 2B-1

7

23-Feb

Tu

Job-Order Costing (Excel)

Chapter 3A

8

25-Feb

Th

Review

Review Questions

9

2-Mar

Tu

Midterm Examination I

10

4-Mar

Th

Process Costing

Chapter 4 (excl. 4A)

11 12

9-Mar 11-Mar

Tu Th

Activity-Based Costing Master Budgeting

13 14

16-Mar 18-Mar

Tu Th

15

23-Mar

16

3F; 3-4,5,7,11,13 (& Bio/Picture in BB) 3A-4

Chapter 2 & Proctorio Orientation Chapter 3(1) (Proctorio enabled) Chapter 3(2)

Chapter 7 (excl. 7A) Chapter 8

4F; 4-6,14,16,19 7F; 7-10,17,18

Chapter 4 Chapter 7

Master Budgeting Flexible Budgets

Chapter 8 Chapter 9

Excel; 8F 8-11,12,15,18,31

Chapter 8(1) Chapter 8(2)

Tu

Standard Costs and Variances

Chapter 10 (incl. 10A )

9F; 9-4,16,18,25

Chapter 9

25-Mar

Th

Standard Costs and Variances

Chapter 10 (incl. 10A )

Excel; 10F; 10-9,11

Chapter 10(1)

17 18

6-Apr 8-Apr

Tu Th

Review Midterm Examination II

Review Questions

10-14,16,17; 10A-8

Chapter 10(2)

19

13-Apr

Tu

Service Department Costing

Appendix 4B & Chapter 11 (p.512-516)

20

15-Apr

Th

Segment Reporting

Chapter 6 (p.260-270)

4B-6; 11-18,22

Chapters 4B and 11(1)

21

20-Apr

Tu

Responsibility Accounting System and Performance Measurement

Chapters 11 (497-506) & Chapter 12