BA116
COURSE OUTLINE
SUMMER, 2012
Prof. Aliza Racelis
https://sites.google.com/site/alizaracelis/shortbio
Class Hours : M - F, 1-5pm
Consultation Hours : M - F, 9AM-12NN
Room : UPCBA Rm. 203
Email Address : aliza.racelis@up.edu.ph
Costs are the foundation of accounting information. These are used in financial reports as well as in managerial reports. Cost accounting systems provide the means by which costs are accumulated.
This course is designed for accounting students. It focuses on cost concepts and cost accounting, which will serve as the foundation for management and financial accounting. This course will deal with the technical aspect of cost accumulation procedures for product costing purposes as well as for planning and controlling costs.
The course aims to equip students with the tools to design, install and implement cost accounting systems. Specifically, this course shall teach students how to properly account for different types of costs and to understand some refinements in accounting for flows of costs and its interface with financial and management reports. Students shall also be introduced to processing costs and data under different cost accumulation procedures and to the theoretical and practical mechanics of cost planning and controlling.
Textbook:
Horngren, Charles T., Foster, George, Datar, Srikant M, Cost Accounting a Managerial Emphasis, 12th Edition, Prentice Hall.
Other Reference:
Barfield, Jesse T., et. al. Cost Accounting: Traditions and Innovations, 5th Edition, Thomson.
Grading Scheme:
First Exam 15%
Second Exam 15%
Third Exam 15%
Fourth Exam 15%
Finals 20%
Quizzes 10%
Homework, exercises, other non-exam work 10%
Total 100%
Grading Scale:
Important Reminders:
1. Missed Quizzes, Homework, Class Participation. There will be no make-up for quizzes, homework, and class participation. A missed quiz, homework, or recitation shall have a score of zero (0) if the reason for missing this is not valid.
2. Missed Long Exams.
If a student fails to take a long exam for health or valid reasons, a student will be given a grade of ‘INC’ for this exam.
If the reason for missing a long exam is not valid, the missed exam shall be graded as 90% of the lowest long exam obtained but not to exceed a score of 65.
If a student misses two or more exams without valid reasons, then the student will be given a grade of ‘5.00’ for the course.
An ‘INC’ will only be given if the student can show proof of illness/hospitalization or other valid reason. The instructor should be informed of the illness or hospitalization or valid reason prior to or on the day of the exam and not later.
3. Missed Final Exam. A student will be given a grade of ‘INC’ if he/she is absent from the final examination provided that his/her class standing is passing. If the student’s absence in the final exam is unjustifiable and his/her class standing is below ‘3.00’, he/she will get a grade of ‘5.00’ for the course, in accordance with university rules.
4. Attendance.
a. University rule on absences shall be enforced.
b. More than 15 minutes tardiness is equivalent to ½ absence.
c. Students who drop the course shall only be considered officially dropped upon submission of the duly processed Instructor’s Copy of the Dropping Slip.
d. If a student does not officially drop and fails to attend the remaining class session and to take the exams without valid reasons, he will be given a grade of ‘5.0’ for the course in accordance with University rules.
5. Grade Solicitation. University rule on grade solicitation shall be enforced.
ARTICLE 194: PROHIBITION AGAINST GRADE SOLICITATION
“No student of the UNIVERSITY shall SOLICIT directly or indirectly (ask any person to recommend him to his professor or professors) any grade FROM AN INSTRUCTOR (in his record, examination paper or final report of grades). Any student violating this rule shall lose credit in the subject or subjects regarding which such (recommendation) SOLICITATION is made (the fact that a student is thus recommended shall be prima facie evidence that the recommendation is made at the request of the student concerned), WITHOUT PREJUDICE TO THE FILING OF A CASE FOR DISCIPLINARY ACTION.”
6. Take note of the release of final grades and the period given for any corrections or objections regarding grade recording and/or computations. (These will be announced during the final exam.) Grades submitted after lapse of the “Objection” period will be final and irrevocable.