ACCT 610 Summer 2009

ADVANCED COST ACCOUNTING, BUDGETING, AND CONTROL

Accounting 610
College of Business Administration
California State University, Long Beach
Summer, 2009
Professor:
Office:
Telephone:
E-mail:

Anwar Y. Salimi Ph.D., CMA

To be announced
(909) 576-2306
collector33@hotmail.com

Class:
Saturday, 8:00 am-12:30 pm;
Office Hours: Saturday 12.30 2 pm
and by appointment

Course Description and Learning Objectives: This course focuses on the use of
accounting data in the management of an organization. More specifically, it is concerned with
the development and use of financial and non-financial information to assist organizations in
planning, controlling, and performance evaluation. The primary learning objective is to provide
you with the knowledge and skills necessary to make effective use of accounting information
within your organization. A second objective is to enable you to develop the analytical skills
necessary to solve complex business problems in an accounting context. To achieve these
objectives, this course will (1) cover the basics of cost accounting used in manufacturing and
non-manufacturing organizations; (2) provide the skills necessary to use cost accounting
information to make business decisions; (3) illustrate how cost accounting information can be
used to formulate and implement strategy in a variety of organizational environments: and (4)
demonstrate how the design of cost accounting and control systems affect human behavior in
organizations.

Required Text: Ronald W. Hilton, Managerial Accounting, Creating Value in a Dynamic

Business Environment 8th Edition, McGraw-Hill,

Conduct of Course: This course is taught primarily through lecture and class discussion of
concepts and applications. Active interaction between the instructor and students is encouraged.
The instructor will also make use of case homework, readings, and in-class assignments to
enhance the learning process. To achieve maximum results, the student should read the material
and attempt to do the homework problems prior to coming to class.

Attendance/Participation: Regular class attendance is expected of all students.

Participating in class discussions provides you with the opportunity to share experiences and
insights with your fellow students. Borderline grades may be adjusted upward or downward
based on your attendance and the quality of your class participation.

ACCT 610 Summer 2009

Website for this Course: There is a Blackboard website for this course. Additionally, the
publisher has a website for this which has various study aids. I also have my own website.

Case Assignments: Homework cases are assigned to enhance your understanding of

managerial accounting concepts, methods, and how accounting information is used in business.
There are seven case assignments. You will be doing the cases in groups and presenting the
cases in class. The cases will be discussed in class. Students should be prepared to discuss the
cases and may be called on for comment. Cases will be assigned in class. Groups of 3 will be
formed in class.The cases as well as the dates they will be presented and discussed are given in
the assignment schedule below. Please prepare powerpoint slides to present the case in class.

Presentations: The same groups which complete the case assignments will be asked to select
two articles related to the course from current accounting magazines and journals, summarize the
articles in up to 2 pages each and also present them in class using Powerpoint. I will give you
more guidelines in class.

Examinations: The examinations consist primarily of multiple-choice questions, calculation

problems and essay questions. No test scores will be eliminated. Makeup examinations will
only be given if the student has a legitimate written medical excuse from a licensed medical
doctor.
For examination purposes, students should use a simple non-programmable calculator. Graphing
calculators are prohibited. During the examination all cell phones should be turned off and put
away.

Evaluation: The students grade will be based on the following:

Mid-term Examination
Final Examination
Presentations
Case Assignments (7)
Homework
Total Points

150 points
150
30
50
20
400 points

ACCT 610 Summer 2009

The assignment of the letter grade will be based on the following scale:
Letter Grade
A
B
C
D
F

Total Score
90% - 100%
80% - 89%
70% - 79%
60% - 69%
0% - 59%

Students with Disabilities: It is the responsibility of students with disabilities to inform the
instructor within the first two weeks of the semester/session of the need for reasonable
accommodation of their disabilities. Students are advised to seek assistance from Disabled
Students Services (DSS) on campus. As soon as the need for accommodation is determined by
DSS and the need is communicated to the instructor by DSS, reasonable accommodation will be
made.

Academic Dishonesty: Acts of academic dishonesty will be strictly disciplined within the
guidelines of the Universitys Student Academic Policy.

Tentative Schedule:
Date
5/30

Reading Assignment
Orientation to the Course
Chap1 -Changing Role of Managerial Accounting in a
Dynamic Business Environment
In Class Focus:
--Role of Management Accounting in the Corporation
--Difference Between Management and Financial
Accounting
--Ethics and Cost Accounting

6/6

Demonstration
Problems

Chap2 -Basic Cost Management Concepts and Accounting

for Mass Customization
In Class Focus:
--Distinction Between Product and Period Costs
--Direct Material, Direct Labor and Overhead
--Schedule of COGM, COGS
--Distinction Between Variable and Fixed Costs

1-25, 1-26, 1-31

2-37, 2-43, 2-45, 2-53, 256

ACCT 610 Summer 2009

6/13

6/20

6/27
No
class
July
4
7/11

Chap3 -Product Costing and Cost Accumulation in a Batch

Production Environment
In Class Focus:
--Product and Service Costing
--Job-order Costing
--Schedule of COGM, COGS for a Manufacturer
--Departmental Overhead Rates

3-29, 3-32, 3-34, , 3-46, ,

3-52

Chapter 4 Process Costing and Hybrid Product Costing

Systems
Chap5 Activity Based Costing
In Class Focus:
--Cost Levels
--Product Cost under ABC
--Traditional and Activity-Based Systems

E 15, 17, 22, P 4-25

Chap6 Activity Analysis

Article presentations
Present and Discuss Case 2-59
Present and Discuss Case 3-61
Review
8:00-9:50

6-27, 6-34, 6-41, 6-42

3-57, 3-58

5-22, 5-23, 5-24, 5-44, 551

Midterm Examination
10:00 am 12:00 pm
(Chapters 1, 2, 3,4, 5 and 6)
Review of Examination I
Chap7 Cost Volume Profit Analysis

7-23, 7-24, 7-35, 7-37

Article presentations
Present and Discuss Case 4-39
Present and Discuss Case 5-68
7/18

Chap9 Profit Planning, Activity-Based Budgeting,

9-26, 9-28, 9-30, 9-32,
In Class Focus:
9-48
--Operating Budget Difference Among Manufacturers,
Service Industry firms, Merchandisers and Nonprofit
Organizations
--Master Budgets Article presentations
Article presentations

Present and Discuss Case 6-47

ACCT 610 Summer 2009

7/25

8/1

8/8

Chap10 Standard Costing, Operational Performance

Measure, and the Balanced Scorecard
In Class Focus:
--Direct Material Price and Quantity Variances
--Direct Labor Rate and Efficiency Variances
--Manufacturing Cycle Efficiency
Article presentations
Present and Discuss Case 7-54
Chap14 Relevant Information and Decision-Making:
In Class Focus:
--Relevant Costing Concepts
--Special Order Situations
--Addition/Deletion of Products, Services, Departments
--Optimal Use of Limited Resources
Present and Discuss Case 9-43
Article presentations

10-32, 10-34, 10-38, 10-42

14-32, 14-33, 14-42, 14-45,

14-47

Review
Final Examination (10:00 am 12:00 pm)
(Chapters 7, 9, 10, and 14)