THE UNIVERSITY OF ILLINOIS AT CHICAGO

College of Business Administration

Department of Accounting

Download a copy of this syllabus in Word 97 format

Fall Semester, 1998 Academic Year - 3 Semester Hours

Prerequisites: Grade of C or better in ACTG. 110 and 111; and for Accounting Majors, A passing grade on the Departmental Qualifying Exam; and Declaration of a Major. A Waiver from the exam will be granted only to students who have an average of B or higher in ACTG. 110 and 111 taken at UIC. ACTG. 326 may be repeated only once.

10395 8:00- 9:15 A.M. Tuesday & Thursday Room 331 BSB

10383 9:30-10:45 A.M.Tuesday & Thursday Room 331 BSB

Instructor: Barbara A. Peck, CPA, and MBA

Office: 2315 University Hall; Phone (312) 413-1532

bpeck@uic.edu or bapeck@aol.com (please send me an E-mail with your address)

Office Hours: 11:00A.M. -1:00 P.M. Tuesday & Thursday or by appointment

Catalog Description: Design of cost accounting systems, alternate costing methods, costing for decision making, budgeting and performance evaluation.

Required Textbook, Solutions Manual, and recommended Study Guide for

Cost Accounting, A Managerial Emphasis ,Ninth Edition, Horngren, Foster and Datar

Computer Proficiency:

(1) E-mail should be used for communication purposes with team members and the professor.

(2) Software packages such as Word and Excel must be used for spreadsheet analysis and for written reports. Casework and Group Work assignments will not be accepted handwritten.

(3) Internet access to company and cost information and financial performance may be expected, and certain course material may be available on the Accounting 326 Home Page.

Course Requirements and Grading:

Course grade will be based on the following:

Examination I 25% 100 points (Tuesday, September 22, 1998, 3:30-6:00 PM)

Examination II 25% 100 points (Tuesday, October 27, 1998, 3:30-6:00PM)

Final Exam 30% 120 points (University Schedule)

HW, GroupProj 20% 80 points

100% 400 points

The two examinations will be administered as Combined Section Examinations from 3:30-6:00 PM. Please arrange to be available to sit for these exams, as make-up exams must be taken before the above exam dates.

Letter Grades: A = 90% of course points, B = 80% of course points, C = 70% of course points, D= 60% of course points, E= Below 60% of course points, IN = Incomplete will be assigned

only under the conditions specified in the University catalog. The department reserves the right to lower the curve, but it may not be raised.

Group projects: Group Projects are an integral part of the course. Your attendance and participation at all presentations is expected. Completeness in approach and method, and accuracy is expected. Group leader, recorder, presenter, number cruncher, etc. are all important parts. All members are expected to participate in the oral presentation. Oral presentations should take approximately 20 minutes, some may take less and some may be a little more. A group may wish to further explore areas of difficulty, and should be ready to make comments on or even prior to the assignment due date, even for Cases that they are not presenting. Note: One master paper will be expected from the group for all collaborative problems assigned, but each group member must also have a copy as part of their homework assigned. Initial groups will be assigned, but groups can trade one member only after the completion of an assigned problem. Occasionally the collaborative Problem will be substituted with an alternative Case in the same subject area.

Homework: You will be expected to maintain a notebook of all assignments. The assignments will be periodically collected and inspected. Collection of homework will generally be at the end of the class period, and each student should have corrections noted from in-class participation. Homework collections are generally, but not always, unannounced and collected on Tuesdays on a cumulative basis. Essay type problems should be completed using complete and proper sentence structure. Essay questions are just as important as the quantitative portions.

Instructor=s notes: To perform adequately in this course, you must have a thorough understanding of the text and the homework material assigned. It is imperative that the homework is completed to the best of your ability before you come to class! Class time is to discuss and clarify difficult subject areas. Expect each new chapter to take two to three hours to read. Each chapter=s assigned homework should be completed in a manner that would allow you to review for exams. Class attendance is not optional; you are expected to be at every class.

Understanding and interpreting the use of accounting information is just as important as the calculation of numbers. You will be tested on how well you interpret accounting information, not just on arriving at solutions. The exams will be based on the textbook, lectures, class discussions, homework assignments and group presentations. Complete homework not just for the calculations but for the underlying concepts and principles it is trying to convey.

Homework assignments are due the date indicated on the syllabus, and will only be accepted if you are in class when collected. Reading assignments should commence not later than the date indicated on the syllabus, and should be complete prior to the lecture date indicated. Only one assignment will be waived regardless of the reason.

Session 1 Tuesday 8/25 Explanation of course and syllabus

Lecture Chapter 12

Read Chapter 12 Pricing Decisions, Product Profitability Decisions, and Cost Management

Homework: 12-26,12-27, 12-32,12-33

Lecture: Chapter 13 Cost Allocation: I

Read: Chapter 14 Cost Allocation: II

Session 4 Thursday 9/3 Homework: 13-35

Lecture: Chapter 14

Session 5 Tuesday 9/8

Read: Chapter 15 Cost Allocation: Joint Products and Byproducts Homework: 14-22, 14-23,14-24,14-28.

Session 6 Thursday 9/10 Homework 14-35 Lecture: Chapter 15 Cost Allocation: Joint Products and Byproducts

Session 7 Tuesday 9/15: Homework: 15-28,15-29, 15-30,15-31

Session 9 Tuesday 9/22 Read: Chapter 16 Revenues, Revenue Variances, and Customer-Profitability Analysis

EXAM I- TUESDAY 9/22 3:30-6:00 PM CHAPTERS 12-15

Read: Chapter 17 Process-Costing Systems&Chapter 18 Spoilage, Reworked Units, and Scrap

Session 12 Thursday 10/1 Lecture: Chapter 17

Read: Chapter 17 Process-Costing Systems&Chapter 18 Spoilage, Reworked Units, and Scrap

Session 13 Tuesday 10/6 Homework: 17-33,17-34,17-35,17-36,17-37

Session 14 Thursday 10/8 Homework 18-16, 18-17, 18-25 &18-26