YARMOUK UNIVERSITY

FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES

DEPARTMENT OF ACCOUNTING
COURSE SYLLABUS
1st SEMESTER 2014/2015
Course title:
ACC331 Cost Accounting (1) Sections (1) & (2)
Instructors: Dr. Mahmoud Qaqish
Class Time: 11-12 Sunday, Tuesday, and Thursday
11-12:30 Monday and Wednesday
Office Hours: 10-11 Sunday,Tuesday, and Thursday & 8:30-9:30 Monday and
Wednesday
Office No. 415 E (Faculty of Economics)
E-mail address: mqaqish@yu.edu.jo
Web Site: http://faculty.yu.edu.jo/M.Qaqish
Prerequisites: Acc.101 , Acc.102
Credit Hours: 3 Credit hours.
Important Dates:
16/Oct/2009: Last day to delete the (incomplete) note for students
who got the notification on the Summer Semester.
25/Dec/2009: End of Drop Period.
COURSE DESCRIPTION:

Introduction to cost accounting, cost behavior, cost-volume-profit analysis,

cost classification, cost accumulation, job order costing, process costing, cost
allocation, income statement of manufacturing companies.
COURSE OBJECTIVES:
The objectives of this course is to show the accountant's role in the
organization , present cost terms & purposes, indicate how to compute cost
under different costing systems, and explain the cost-volume-profit analysis.
LEARNING OUTCOMES:
After completing this course the student must demonstrate the knowledge
and ability about:

Introduction to cost accounting, cost behavior, cost-volume-profit analysis,

cost classification, cost accumulation, job order costing, process costing, cost
allocation, income statement of manufacturing companies.

COURSE MATERIALS:
Required: Horngren, Datar, Foster, Rajan, and Ittner, Cost Accounting (a
managerial emphasis), 15th Edition :Pearson International Edition(2015).
Textbook Web page:
On line tutors and quizzes are available at Horngren Cost Accounting 15 th
edition textbook website: http://www.pearsonglobaleditions.com
Assessment:
First Exam
Second Exam
Attendance and
participation and
assignments
Final Exam
Total

20 points (Th 06/11/2014)

20 points (Mon 08/12/2014)
10 points
50 points
100 points

ADDITIONAL INFORMATION

PARTICIPATION: It has been my experience that it is difficult to do

well in this class without your regular attendance and active participation.
You are expected to come to class (1) having read the assigned chapter and
(2) having completed all assigned homework. An integral part of any
successful business career is the ability to communicate ideas effectively.
Since the classroom is one of the easiest forums in which to cultivate this
talent, participation in classroom discussions is required and expected.

EXAMINATIONS:
Student will be examined in theory and its
application. Exam questions may consist of multiple choice, short and long
problems. You are responsible for all material covered in the text,
readings, homework, or lectures.
A student must submit in writing to the instructor concerned the reasons
for the absence no later than three days as of the resumption of
attendance. Students with excused absence will be allowed to take makeup exam. Unexcused absences result in grade of zero for that particular
exam. Cheating is grounds for immediate class failure

TOPICS TO BE COVERED:
Week -1:
Chapter 1: The Accountant's Role in the Organization:
Management Accounting, Financial Accounting, and Cost Accounting.
Strategic Decisions and the Management Accountant.
Week -2:
Chapter 1: The Accountant's Role in the Organization:
Value Chain and Supply Chain Analysis and Key Success Factors.
Decision Making, Planning, and Control:
The Five-Step Decision-Making Process.
Assignment (1-2, 1-6)
Week -3:
Chapter 1: The Accountant's Role in the Organization:
Key Management Accounting Guidelines
Organization Structure and the Management Accountant.
Professional Ethics.
Assignment (1-13)
Week -4:
Chapter 2: An Introduction to Cost Terms and Purposes:
Costs and Cost Terminology.
Direct Costs and Indirect Costs.
Cost-behavior Patterns: Variable Costs and Fixed Cost.
Total Costs and Unit Costs.
Manufacturing-, Merchandising-, and Service-Sector Companies.
Week -5:
Chapter 2: An Introduction to Cost Terms and Purpose:
Types of Inventory, Inventoriable Costs, and Period Costs.
Illustrating the Flow of Inventoriable Costs and Period Costs.
Measuring Costs Requires Judgment.
A Framework for Cost Accounting and Cost Management.
Assignment: (2-18, 2-19, 2-32, 2-38)

Week -6:
Chapter 3: Cost-Volume-Profit Analysis:
Essentials of CVP Analysis.

 CVP Assumptions.
Breakeven Point and Target Income.
Week -7:
Chapter 3: Cost-Volume-Profit Analysis:
Using CVP Analysis for Decision Making.
Sensitivity Analysis and Uncertainty.
Cost Planning and CVP.
Week -8:
Chapter 3: Cost-Volume-Profit Analysis:
Effects of Sales Mix on Income
Multiple Cost Drivers.
CVP Analysis in Service and Nonprofit Organizations.
Contribution Margin Versus Gross Margin.
Assignment: ( 3-21, 3-23, 3-25 to 27, 3-29,3-33).
Week -9:
Chapter 4: Job Costing:
Building-Block Concepts of Costing Systems.
Job-Costing and Process-Costing Systems.
Actual Costing in Manufacturing.
Time Period Used to Compute Indirect-Cost Rates.
Week -10:
Chapter 4: Job Costing:
Normal costing.
A Normal Job-Costing System in Manufacturing.
Week -11:
Chapter 4: Job Costing
Budgeted Indirect Costs and End-of-Accounting-Year Adjustments.
Multiple Overhead Cost Pools.
Variation from Normal Costing: A Service-Sector Example.
Assignment(4-17,4-18, 4-23, 4-26).

Week -12:

Chapter 5: Activity-Based Costing and Activity-Based Management:

Broad Averaging and Its Consequences.
Simple Costing System at Plastim Corporation.
Refining a Costing System.
Activity-Based Costing Systems.
Week -13:
Chapter 5: Activity-Based Costing and Activity-Based Management:
Implementing Activity-Based Costing Systems at Plastim.
Comparing Alternative Costing Systems.
Using ABC Systems for Improving Cost Management and Profitability.
Activity-Based Costing and Department Costing Systems.
Implementing ABC Systems
ABC in Service and Merchandising Companies
Assignment: (5-28)
Week -14:
Chapter 17: Process Costing:
Illustrating Process Costing.
Weighted-Average Method.
First-In, First-Out Method.
Week -15:
Chapter 17: Process Costing:
Comparison of WA and FIFO Methods.
Transferred-In Costs in Process Costing.
Week -16:
Hybrid Costing Systems
Assignment(17-24,17-25,17-26,17-27)
FINAL EXAM: Determined according to final exam schedule prepared by
Registration Department