BSA 311.1 - COST ACCOUNTING (Part I)
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This course is designed to orient the students to the cost accounting and cost management framework of business. Topics discussed are: overview of cost accounting; manufacturing cost accounting cycle; job order cost system; accounting, planning, and control for materials, labor, and factory overhead; and environmental cost management.
Course Description:
This course is designed to orient the students to the cost accounting and cost management framework of business. Topics discussed are: overview of cost accounting manufacturing cost accounting cycle; job order cost system; accounting, planning, and control for materials, labor, and factory overhead; and environmental cost management.
Course Credit: Three (3) units {54 hours, 3 hours per week}
Pre-requisite: BSA 112.1
Required Textbook: COST ACCOUNTING: Cost Accounting 14th edition
Carter Mutual Books
Other Sources: COST ACOOUNTING, 11/e. Charles T. Horngen, Srikant M. Datar, and George Foster
COST ACCOUNTING AND COST MANAGEMENT. VioletaVicente; Mutual Books
Course Objectives:
At the end of this course, students are expected to:
Cognitive
1. Have a clear understanding of the concepts of cost, accounting information system and how it related to
other operating and information systems, and the cost accounting cycle.
2. Have acquired a thorough knowledge about production costing, i.e. job order and process, including the
preparation of job cost sheet, cost of goods manufactured and sold and cost of production reports,
respectively.
3. Have acquired adequate knowledge about joint production process from a cot accounting perspective,
joint cost allocation methods and accounting for by-products.
4. Have equipped themselves with a clear understanding and knowledge about standard costing analysis and
investigation of variances, and how standard cost is used as planning and decision-making tool.
Psychomotor
1. Have applied the skills and knowledge acquired in solving exercises, problems and case problems, systematically.
2. Have used and operated accounting equipment, e.g. calculator and/or computer as appropriate.
Affective
1. Have developed fairness in providing cost information for use by both management and the public.
2. Have cultivated integrity, accuracy, timeliness, and neatness in the preparation and submission of
financial and management reports.
Summary:
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Total class hours (including weekly quizzes)
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50
|
|
Formal examinations (mid-term, finals)
|
2
|
|
Departmental examinations
|
2
|
|
Total
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54
|
Student’s Responsibility:
The student’s responsibility is to come to each class prepared. She is also expected to take all examinations on the dates scheduled. She should read the assigned materials and solve assigned problem materials prior to class. She is expected to attend each class and participate actively in the discussions.
All BSA students are expected to be academically honest. Cheating, lying and other forms of immoral and unethical behaviour will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will (at a minimum) receive an F (or 0.00) or failure in the course. Plagiarism and cheating refer to use of unauthorized books, notes or otherwise; securing help in a test, copying tests, assignments, reports, or term papers; representing the work of another person as one’s own collaborating, without authority, with another student during an examination or in preparing academic work; signing another student’s name on attendance sheet; or otherwise practicing scholastic dishonesty.
Computation of Grade:
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Prelim
|
Finals
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Total
|
|
Quizzes
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20%
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25%
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45%
|
|
Exams
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20%
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25%
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45%
|
|
Assignment, Recitations and others
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5%
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5%
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10%
|
|
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45%
|
55%
|
100%
|