Advanced Cost Accounting – ACCT 521

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This course will examine the importance of analyzing and managing costs; activity-based management, process costing and cost allocation; planning and decisions making, and evaluating and managing performance. This course is designed primarily for accounting/finance majors who seek careers or are already employed in for profit corporations or not for profit organizations as public (such as CPAs) or private (such as controllers and/or CMAs or CFMs) accounting/business leaders in a fast changing, highly technically oriented society.

Prerequisites

ACCT 531 and ACCT 511 or BUSI 532 and (BMAL 590 or Meets BMAL590 / 27 hrs in BUSI with a score of 3)

Rationale

This course is designed for advanced accounting students and gives both a technical view of managerial accounting and increased interaction with current research on advanced topics. It will assist company decision makers in a very practical manner.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Contrast process-costing from job-order costing.
  2. Justify the importance of analyzing and managing costs.
  3. Evaluate financial and cost-volume-profit models.
  4. Propose an organizational design based on managerial accounting concepts.
  5. Evaluate cost accounting concepts in light of a biblical worldview.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (2)

Discussion boards are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided topic for each forum. Each thread must be at least 300 words and demonstrate course-related knowledge. In addition to the thread, the student is required to reply to at least 2 other classmates’ threads. Each reply must be at least 150 words.

Connect Plus Homework (8)

The student will be assigned homework to complete in Connect Plus. At the end of the assigned module/week, Connect Plus will automatically grade all of the assignments, and the instructor will then download the results and place the scores within Blackboard.

Individual Paper

The student will write a research paper on an advanced study of a topic related to this course; the student will determine the advanced topic. The paper must be 7–10 pages, not including any tables, graphs, etc. A minimum of 6 accounting journal sources must be utilized, all of which must have been published within the last 3 years. Current APA formatting is required.

Individual PowerPoint

The student will create a PowerPoint presentation (approximately 12 minutes, 10–12 slides) showing how a topic covered in the course is connected to the student’s workplace. The student should incorporate actual samples from the job site and a narrative explanation of each slide using the presentation notes feature. All materials must be properly cited and quoted in current APA style. All sources must be less than 3 years old.

Peer Evaluation

Members will be assigned to work on the Group Faith Integration paper. Each group will have between four or five members. Failure to submit a peer evaluation will result in a reduction of the student’s peer grade.

Group Faith Integration

A minimum 1000-word essay will be worked on as a group in the Group Discussion Board and then posted to the class wide Discussion Board for everyone to see. Replies are not necessary; however, they are strongly encouraged. The student must briefly describe how the Bible is related to the topics covered in the course. An integration of the Bible must be explicitly shown, in relation to a course topic, in order to receive points. In addition, at least 2 other outside, scholarly sources, including the textbook, must be used to substantiate the group’s position. This assignment must be submitted to SafeAssign as well as in the Discussion Board post.

Connect Plus Exams (3)

In Modules/Weeks 2, 5, and 8, you will be expected to complete exams within Connect Plus. Each exam will be open-book/open-notes.