Course Descriptions & Syllabi

Course Descriptions & Syllabi

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Note: some or all of the courses in the subjects marked as "Transfer" can be used towards a transfer degree: Associate of Science and Arts or Associate of Engineering Science at DACC. Transferability for specific institutions and majors varies. Consult a counselor for this information.

Areas of Study | | CACC166 syllabus




COURSE NUMBER: CACC166
COURSE TITLE:Cost Accounting
DIVISION:Business
IAI CODE(S):
SEMESTER CREDIT HOURS:3
CONTACT HOURS:45
STUDENT ENGAGEMENT HOURS:135
DELIVERY MODE:In-Person, Online

COURSE DESCRIPTION:
Use of costs for control and decision making with emphasis on standard costs, relevant costs, direct costing, non-manufacturing costs, and responsibility accounting. For students who have already studied the basic elements of job order and process costs and budgeting.

PREREQUISITES:
CACC105 with a grade of C or better.

NOTES: Student should verify transferability of CACC166 with specific college or university for acceptance with their third and fourth year requirements.

STUDENT LEARNING OUTCOMES:
Upon completion of this course, students will be able to:
  • Develop an understanding of cost accounting information and how it is used in decision making and performance evaluation.
  • Develop an understanding of cost behavior and cost allocation.
  • Apply CVP analysis, and understand effect of cost structure on decision making.
  • Develop an understanding of differential analysis and how it is used in various business decisions.
  • Develop ability to apply various methods of cost estimation.
  • Develop ability to apply and understand the effects of various costing systems and how such systems are used to improve business operations.
  • Develop an understanding of the fundamentals of management control systems.

TOPICAL OUTLINE:
  1. Value Creation in Organizations
  2. Accounting Systems
  3. Cost Data for Managerial Decisions
  4. Value Chain Trends
  5. Ethical Issues for Accountants
  6. Cost vs Expense
  7. Presentation of Costs in Financial Statements
  8. Cost Allocation
  9. Manufacturing Cost Flows, Including in Statements
  10. Cost Behavior
  11. Components of Product Costs
  12. Cost-Volume-Profit Analysis
  13. Differential Analysis
  14. Legal Issues Relating to Costs and Sale Prices
  15. Theory of Constraints
  16. Methods Used to Estimate Cost Behavior
  17. Cost Management Systems
  18. Costing both Single and Multiple Products
  19. Multiple Allocation Bases and Two-Stage Systems
  20. Job Costing Computations
  21. Process costing
  22. Determining equivalent units
  23. FIFO vs. Weighted Average Process Costing
  24. Choosing among costing systems
  25. Activity based costing
  26. Two-stage allocation
  27. Cost hierarchies
  28. Cost flow through accounts
  29. Management control systems

TEXTBOOK / SPECIAL MATERIALS:
See bookstore website for current book(s) at https://www.dacc.edu/bookstore

EVALUATION:
Grades will consist of homework, comprehensive classroom problems, quizzes, hourly exams, a final exam, and participation.

The following grading scale will be used for the final course grades. However, the instructor reserves the right to vary the scale if necessary.

100-90% = A

  89-80% = B

  79-70% = C

  69-60% = D

  59-00% = F


BIBLIOGRAPHY:

STUDENT CONDUCT CODE:
Membership in the DACC community brings both rights and responsibility. As a student at DACC, you are expected to exhibit conduct compatible with the educational mission of the College. Academic dishonesty, including but not limited to, cheating and plagiarism, is not tolerated. A DACC student is also required to abide by the acceptable use policies of copyright and peer-to-peer file sharing. It is the student’s responsibility to become familiar with and adhere to the Student Code of Conduct as contained in the DACC Student Handbook. The Student Handbook is available in the Information Office in Vermilion Hall and online at: https://www.dacc.edu/student-handbook

DISABILITY SERVICES:
Any student who feels s/he may need an accommodation based on the impact of a disability should contact the Testing & Academic Services Center at 217-443-8708 (TTY 217-443-8701) or stop by Cannon Hall Room 103. Please speak with your instructor privately to discuss your specific accommodation needs in this course.

REVISION:
Fall 2018

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