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Course Details

Course Details

Course Code: ACCT401 Course ID: 4621 Credit Hours: 3 Level: Undergraduate

Cost accounting identifies the essential data to managers regarding planning and controlling, costing products and services, and customers. The student studies the basic concepts, analyses, uses, and procedures related to types of costs and costing systems. This course will concentrate on examination of the concepts, theories, principles, and practices of cost accounting. Students will develop quantitative and qualitative methods for analyzing raw data that support the business decision-making process and inventory costing. (Prerequisites: ACCT101 and MATH225)

Course Schedule

Registration Dates Course Dates Session Weeks
11/30/20 - 04/30/21 05/03/21 - 06/27/21 Spring 2021 Session I 8 Week session
12/28/20 - 06/04/21 06/07/21 - 08/01/21 Spring 2021 Session D 8 Week session
02/22/21 - 07/30/21 08/02/21 - 09/26/21 Summer 2021 Session I 8 Week session

Current Syllabi

After successfully completing this course, you will be able to:

  • CO1. Compute direct, indirect, variable, and fixed costs
  • CO2. Summarize the fundamental differences among job-­‐costing, process-­‐costing, and joint-­‐costing systems
  • CO3. Demonstrate how to develop product costs with variable/direct and absorption/full costing methods
  • CO4. Differentiate between costing a product using historical and standard cost data
  • CO5. Evaluate inventory-­‐costing methods
  • CO6. Compare and contrast variable/direct and absorption/full costing
  • CO7. Explain joint production process, strategic profitability analysis, and the balanced scorecard.
  • CO8. Interpret budgets and operating results through variance analysis
  • CO9. Evaluate the features and computations of cost-­‐volume-­‐profit analysis

Method of Assessment

A. Tests & Paper

There will be two (2) tests in the course, a midterm and a final given in modules four and eight respectively. The tests in this class will consist of multiple choice questions and/or short answer problems. Tests will be three hours long and focus on the material covered in the course. Tests may be administered using the Examity test proctoring service. Please verify in the course announcements and/or the Lessons tab if the course will use test proctoring. It is the student’s responsibility to notify the instructor and the test proctoring service regarding any schedule changes or non- disability related accommodations. The course will have a comprehensive paper that will measure student understanding of the course objectives along with research and writing skills. Please refer to the APA Manual 6th edition for the format of the paper.

B. Assignments:

Course assignments will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.

C. Homework:

Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.) and consist of questions, problems, or simulations. Please be advised the instructor reserves the right to implement their own late assignment policy.

D. Discussion Forums:

Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.

Assessment of the Course Objectives

Course Objectives

Assessment Methods

1 - 9

Test question, paper, assignment, discussion, and homework

The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).


Quality Points/Grading Percent


4.0/ 100 – 94


3.67/ 93 – 90


3.33/ 89 – 87


3.0/ 86 – 84


2.67/ 83 –80


2.33/ 79 – 77


2.0/ 76 – 73


1.67/ 72 – 70


1.33/ 69 – 67


1.0/ 66 – 64


0.67/ 63 – 60


0.0/ 59 – 0

NameGrade %
Discussion Forums 10.00 %
Week Four 5.00 %
Week Eight 5.00 %
Homework 20.00 %
Week 1 Homework 3.33 %
Week 2 Homework 3.33 %
Week 3 Homework 3.33 %
Week 5 Homework 3.33 %
Week 6 Homework 3.33 %
Week 7 Homework 3.33 %
Quizzes 30.00 %
Week 1 Quiz 5.00 %
Week 2 Quiz 5.00 %
Week 3 Quiz 5.00 %
Week 5 Quiz 5.00 %
Week 6 Quiz 5.00 %
Week 7 Quiz 5.00 %
Tests & Case Study 40.00 %
Midterm 13.33 %
Final Exam 13.33 %
Week 8 Paper 13.33 %

Websites and Videos

In addition to the required course texts, the following public domain Websites are useful. Please abide by the university’s academic honesty policy when using Internet sources.

Note website addresses are subject to change.

  • Textbook Companion Website
  • American Psychological Association (APA) Style Website
  • Purdue Online Writing Lab
  • Turnitin Website
Book Title:Fundamentals of Cost Accounting, 6th ed. - the VitalSource e-book and Connect access provided inside the classroom
Publication Info:VS-McGraw-Hill
Author:Lanen, William
Unit Cost:$50.00
Electronic ISBN:9781264906017
Electronic Unit Cost:$45.00
Book Title:Students are required to authenticate themselves with a proctor service for certain assessments in this course. Authentication requires access to a computer with a webcam, microphone, and speakers or headset. Instructions provided i
Publication Info:Examity

Previous Syllabi

Not current for future courses.