BSA-311.1: Cost Accounting (Part I)
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About
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 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.
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.
GRADING SYSTEM:
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1st Half
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2nd Half
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Final Grade
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Quizzes
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20%
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25%
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Departmental Exam
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20%
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25%
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Attendance, assignment, recitation
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5%
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5%
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Total
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45%
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55%
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100%
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