This course is a study of the principles and procedures used in the collection, recording, and reporting of costs utilizing applied learning exercises and data analysis tools. Balance sheet inventory valuation and the related Income Statement cost of goods sold valuation, determined using both job order costing and process costing, are emphasized as well as activity based costing. Revenue and expense budgeting techniques, including capital asset evaluations, are covered in-depth.

Practicing accountants, both in public and private accounting, are expected to understand and apply the principles and procedures relating to cost collection, recording, and reporting, which are the subject matter of this course.

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After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions are collaborative learning experiences. Therefore, there will be two discussions throughout the course. The purpose of the discussions are to generate interaction among students related to relevant, current course topics.

Select one topic in the discussion assignment area. Submit each thread by 11:59 p.m. (ET) on Thursday of the assigned Module: Week. Post one (1) thread of at least 1000 words. This thread should support his/her assertions with three sources to include the text, Bible and at least one (1) other scholarly source. The student should include a Christian Worldview perspective in the original post. The reference section is not included in the minimum word count. The student will also write 1 reply of at least 350 words to a peer’s thread.

Everything must be in current APA format. All research must include an in-text citation to give credit to the source of the information.

In each module, the student is tasked with Smartbook Read & Interact assignments to complete in Connect. These assignments give the student an opportunity to answer questions related to the concepts of the material learned to measure the mastery of each concept. The student can select to go back into the e-book where the text shows the details behind the question being asked. The questions continue until the student has mastered each measured concept.

After the student completes the assignment, Connect awards 5 points for completion. Connect will update the Canvass gradebook periodically, but not always immediately. The assignment is based upon the reading in the textbook.

The student will need to link to his or her Connect account through Canvas. To link to Connect through Canvas, the student must follow the directions found under “Prepare: Register for Connect” as an assignment in the Course Overview. Doing this will provide the student with access to the assignments necessary for this course.

In each Module, the student is assigned homework to complete in Connect. After the student completes the homework, the homework is automatically graded within Connect. Connect will update the Canvas gradebook periodically, but not always immediately.  The homework is based upon the textbook.

The student will need to link to his or her Connect account through Canvas. To link to Connect through Canvas, the student must follow the directions found under “Prepare: Register for Connect” as an assignment in the Course Overview. Doing this will provide the student with access to the assignments necessary for this course.

In each module, the student is tasked with an Excel Integrated Assignment for most chapters to complete in Connect. After the student completes the excel simulation, the assignment is automatically graded within Connect. Connect will update the Canvas gradebook periodically, but not always immediately. The Excel Integrated Assignment is based upon the textbook and references exhibited within the textbook. The student will use a prepared excel worksheet when trying to solve the simulation.  

The student will need to link to his or her Connect account through Canvas. To link to Connect through Canvas, the student must follow the directions found under “Prepare: Register for Connect” as an assignment in the Course Overview. Doing this will provide the student with access to the assignments necessary for this course.

The student will be expected to complete four quizzes within Connect. Each quiz will be open-book/open-notes, and have a 2-hour and 30-minute time limit.

After the student completes the quiz, the quiz is automatically graded within Connect.  Connect will update the Canvas gradebook periodically, but not always immediately.  The quiz is based  upon material learned within the textbook.

The student will need to link to his or her Connect account through Canvas. To link to Connect through Canvas, the student must follow the directions found under “Prepare: Register for Connect” as an assignment in the Course Overview. Doing this will provide the student with access to the assignments necessary for this course.