Advanced Cost Accounting – ACCT 521
CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 05/07/2021
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.
For information regarding prerequisites for this course, please refer to the Academic Course Catalog.
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:
- Contrast process-costing from job-order costing.
- Justify the importance of analyzing and managing costs.
- Evaluate financial and cost-volume-profit models.
- Propose an organizational design based on managerial accounting concepts.
- Evaluate cost accounting concepts in light of a biblical worldview.
Textbook readings and lecture presentations
Course Requirements Checklist
After reading the Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.
Read & Interact Textbook Assignments (16)
Within this course, students will be required to read and interact with the textbook within the third party platform, SmartBook. Students must complete each reading and item in the textbook in order to earn the points associated with the assigned reading and prior to completing any Homework Assignment.
Discussions are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided topic for each discussion. 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.
Homework Assignments (8)
The student will be assigned homework to complete in the third party platform, Connect Plus. At the end of the assigned module, Connect Plus will automatically grade all of the assignments and the grades will transfer into Canvas.
Research Paper Assignment
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.
PowerPoint Presentation Assignment
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.
Faith Integration Paper Assignment
The student must briefly describe how the Bible is related to the topics covered in the course within a 1,000 word essay. 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 student's position.
The student will complete quizzes within the third party platform, Connect Plus. Each quiz will be open-book/open-notes and the grade will transfer to Canvas.