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ACCT6331__Fall 2015_syl.docx - Course Syllabus ACCT 6331...

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Course Syllabus ACCT 6331 School of Management The University of Texas at Dallas Course Information Course Course Number/Section ACCT 6331.001 Course Title Cost Accounting Term and Dates Fall 2015; August 24 th – December 17 th Class meetings Mondays and Wednesdays 2:30 – 3:45 PM JSOM 1.212 1 Professor Contact Information Professor Surya Janakiraman Office Phone 972 883 6370 Email Address Use eLearning Messages (preferred) or [email protected] (In the subject line include “ACCT 6331” Office Location 4.806 Office Hours Mondays 5:30 PM – 6:30 PM; Wednesdays 1:00 – 2:00 PM; Other days and times by appointment Course Description Success in any organization…be it profit seeking or non-profit seeking… requires the use of cost accounting concepts and practices. Cost accounting provides key data to managers for planning, decision making, controlling and in evaluating performance. Managers need the cost data to cost a product, a service and even customers. In this highly competitive and global business world, managers need input from cost accounting system to constantly formulate strategic responses to competitor’s actions. Managers need cost accounting data to determine product and service costs for internal management and external financial reporting. This course focuses on how cost accounting helps managers make better decisions, as cost accountants are increasingly becoming integral members of their company’s decision making teams. In a nutshell, in this course, you will study how organizations produce accounting information to facilitate planning, decision making and control. I shall emphasize three aspects: 1. Cost Analysis Cost is the most basic concept in management accounting. Many higher level concepts are built from the concept of cost. This course deals with cost methods, cost accumulation and allocation, and understanding cost flows in organizations. 2. Planning and Control Building on the knowledge of cost analysis, you will study the use of cost information for decision making in the short term and in the long term, responsibility accounting, performance measurement and evaluation. 1 Please check in UTD webpage for Coursebook. Subject to change 1
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3. Performance evaluation An organization’s performance evaluation and reward systems are key tools for aligning the goals of workers, managers, and owners. You will be exposed to the use of cost accounting data for performance evaluation. . Course Organization The course elements are designed to achieve several learning objectives. You will find a brief description of what I am hoping that you will gain from this course below: 1. Gain fluency in cost accounting concepts & terms through assigned chapter material, class lectures and discussion. 2. Familiarity with cost accounting procedures through assigned chapter material, solving practice and homework problems, class lectures and discussion.
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