Online · School of Business · Accounting, Economics, and Finance

Advanced Cost Accounting

ACCT-521

CG Section 8WK 11/08/2019 to 04/16/2020 Modified 12/12/2022 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.

Requisites

For information regarding prerequisites for this course, please refer to the Academic Course Catalog (https://catalog.liberty.edu/).

 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.

 Course Learning Outcomes

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

A. Contrast process-costing from job-order costing. B. Justify the importance of analyzing and managing costs. C. Evaluate financial and cost-volume-profit models. D. Propose an organizational design based on managerial accounting concepts. E. Evaluate cost accounting concepts in light of a biblical worldview.

 Course Resources

Click on the following link to view the required resource(s) for the term in which you are registered: Liberty University Online Bookstore (https://bncvirtual.com/liberty)

Additional Materials for Learning

2. Computer with basic audio/video output equipment
4. Internet access (broadband recommended)
6. Canvas recommended browsers (https://community.canvaslms.com/t5/Canvas-Basics-Guide/What-are-the-browser-and- computer-requirements-for-Canvas/ta-p/66)
8. Microsoft Word

 Course Assignments

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Textbook readings and lecture presentations Course Requirements Checklist

After reading the Syllabus and Student Expectations (https://www.liberty.edu/institutional-effectiveness/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 (2)

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.

Quizzes (3)

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.

 Course Grading

Course Requirements Checklist 10

Discussions (2 at 50 pts ea) 100

Read & Interact Textbook Assignments (16) and Homework Assignments (8)

280

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Research Paper Assignment 150

PowerPoint Presentation Assignment 100

Faith Integration Paper Assignment 100

Total 1010

 Policies

Quizzes (3 at 90 pts ea) 270

Late Assignment Policy Course Assignments, including discussions, exams, and other graded assignments, should be submitted on time.

If the student is unable to complete an assignment on time, then he or she must contact the instructor immediately by email. Assignments that are submitted after the due date without prior approval from the instructor will receive the following deductions:

2. Late assignments submitted within one week after the due date will receive up to a 10% deduction.
4. Assignments submitted more than one week and less than 2 weeks late will receive up to a 20% deduction.
6. Assignments submitted two weeks late or after the final date of the course will not be accepted outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.
8. Group projects, including group discussion threads and/or replies, and assignments will not be accepted after the due date outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.

Disability Assistance

Students with a disability and those with medical conditions associated with pregnancy may contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) at LUOODAS@liberty.edu for accommodations. Such accommodations require appropriate documentation of your condition. For more information about ODAS and the accommodations process, including how to request an accommodation, please visit https://www.liberty.edu/online/online-disability-accommodation- support/ (https://www.liberty.edu/online/online-disability-accommodation-support/). Requests for accommodations not related to disabilities or pregnancy must be directed to the Registrar’s Office, which generally handles medical needs support.

If you have a complaint related to disability discrimination or an accommodation that was not provided, you may contact ODAS or the Office of Equity and Compliance by phone at (434) 592-4999 or by email at equityandcompliance@liberty.edu. Click to see a full copy of Liberty’s Discrimination, Harassment, and Sexual Misconduct Policy (https://wiki.os.liberty.edu/display/IE/Liberty+University+Discrimination,+Harassment,+and+Sexual+Misconduct+Policy) or

the Student Disability Grievance Policy and Procedures (https://www.liberty.edu/disability-support/wp- content/uploads/sites/106/2022/01/Disability-Grievance-Procedures.pdf).

Course Attendance

In an effort to comply with U.S. Department of Education policies, attendance is measured by physical class attendance or any submission of a required assignment within the enrollment dates of the course (such as examinations, written papers or projects, any discussion posts, etc.) or initiating any communication with one’s professor regarding an academic subject. More information regarding the attendance policy (https://wiki.os.liberty.edu/display/IE/Online+Attendance+and+Non-Attendance) can be found in the Academic Course Catalogs (https://www.liberty.edu/academics/course-catalogs/). Regular attendance in online courses is expected throughout the length of the term. Students who do not attend within the first week of a sub-term by submitting a

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required academic assignment (such as the Course Requirements Checklist, an examination, written paper or project, discussion post, or other academic activity) will be dropped from the course. Students who wish to re-engage in the course are encouraged to contact Academic Advising to discuss their enrollment options. Students who begin an online course, but at some point in the semester cease attending, and do not provide official notification to withdraw, will be assigned a grade of “FN” (Failure for Non- Attendance (https://wiki.os.liberty.edu/display/IE/Unofficial+Withdrawals)). Students wishing to withdraw from courses after the official start date should familiarize themselves with the withdrawal policy.

Grading Scale

A A- B+ B B- C+ C C- D+ D D-

940- 1010

920- 939

900- 919

860- 899

840- 859

820- 839

780- 819

760- 779

740- 759

700- 739

680- 699

F

679 and below

For courses with a Pass/NP final grade, please refer to the Course Grading section of this syllabus for the assignment requirements and/or point value required to earn a Passing final grade.

Add/Drop Policy The full policy statement and procedures are published in the Policy Directory

(https://wiki.os.liberty.edu/display/IE/Dropping+and+Adding+Online+Classes).Honor Code

Liberty University comprises a network of students, Alumni, faculty, staff and supporters that together form a Christian community based upon the truth of the Bible. This truth defines our foundational principles, from our Doctrinal Statement to the Code of Honor. These principles irrevocably align Liberty University’s operational procedures with the long tradition of university culture, which remains distinctively Christian, designed to preserve and advance truth. Our desire is to create a safe, comfortable environment within our community of learning, and we extend our academic and spiritual resources to all of our students with the goal of fostering academic maturity, spiritual growth and character development.

Communities are predicated on shared values and goals. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth.

While we acknowledge that some may disagree with various elements of the Code of Honor, we maintain the expectation that our students will commit to respect and uphold the Code while enrolled at Liberty University.

Adherence to the principles and concepts established within facilitates the success of our students and strengthens the Liberty community.

The Code of Honor can be viewed in its entirety at https://www.liberty.edu/students/honor-code/ (https://www.liberty.edu/students/honor-code/).

 Schedule

When Topic Notes

Technology Integration Set-Up Prepare: Register for Connect

Course Overview Student Acknowledgements Course Requirements Checklist

Module 1: Week 1

Learn

Read & Interact: 2 items Watch: 1 item

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When Topic Notes

Apply

Homework: Cost Concepts and Behavior Assignment Discussion: Ethical Dilemma

Module 2: Week 2

Learn

Read & Interact: 3 items Watch: 1 item

Apply

Homework: Cost Analysis and Estimation Assignment Quiz: Cost Analysis and Estimation

Module 3: Week 3

Learn

Read & Interact: 2 items Watch: 1 item

Apply Homework: Product, Service, and Job Costing Assignment Research Paper Assignment

Module 4: Week 4

Learn

Read & Interact: 2 items Watch: 1 item

Apply

Homework: Process and Activity Based Costing Assignment Discussion: Job Costing, Process-Costing, and Activity Based Costing

Module 5: Week 5

Learn

Read: 2 items Watch: 1 item

Apply

Homework: Cost Management and Allocation Assignment Quiz: Cost Management and Allocation

Module 6: Week 6

Learn

Read & Interact: 2 items Watch: 1 item

Apply

Homework: Management Control Systems, Planning, and Budgeting Assignment PowerPoint Presentation Assignment

Module 7: Week 7

Learn

Read & Interact: 2 items Watch: 1 item

Apply

Homework: Business Unit Measurement and Transfer Pricing Assignment Faith Integration Paper Assignment

Module 8: Week 8

Learn

Read & Interact: 3 items Read: 1 item Watch: 1 item

Apply

Homework: Variance Analysis and Capital Investment Decisions Assignment Quiz: Variance Analysis and Capital Investment Decisions

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