Jordan University of Science and Technology

Faculty of Engineering
Industrial Engineering Department

IE 444: Cost Accounting

Spring 2013

2006 Course Catalog

3 Credit hours (3 h lectures). Methods in determining the cost of products and
services such as job costing, process costing, and activity based costing. The
focus is on cost terms, cost-volume-profit analysis, concepts and tools
necessary for the analysis of financial and cost data, cost information for
decisions, and performance measurement.

Text Book(s)
Horngren, C. T., Datar, S. M., and Foster, G. (2009). Cost Accounting: A
Managerial Emphasis. 13th ed. New Jersey, Prentice Hall. ISBN: 0-13-
135558-9
Software tools: MS Excel, Expert Choice, Minitab

References
Books Weygandt, J., Kieso, D. E., and Kimmel, P. D. (2008).
Accounting Principles. 8th ed. John Wiley & Sons, Inc.
Journals The Accounting Review, Journal of Accounting, and Journal of
Accounting Research
Internet www.prenhall.com/horngren/cost13e
links

Instructor
Instructor Dr. Amer Momani (ammomani@just.edu.jo)
Office Location Faculty of Engineering building, CH1 L2, phone: 720-
1000 ext: 22361
Teaching Assistant TA

Class Schedule & Office Hours

Lecture Time: Monday - Wednesday 9:45 am -11:15 am Room: Human
Activities LAB
OHs : Monday - Wednesday 8:45 am -9:45 am & 11:15 am -12:45 pm, Tuesday
11:15 am-2:15 pm

Topics Covered
Topics Chepters in Text & References

1
 Introduction to Accounting Text: CH 1, Ref.1: CH1&2
Cost Terms and purposes Text: CH 2
Cost-Volume-Profit analysis Text: CH 3
Job Costing Text: CH 4
Activity-based Costing Text: CH 5
Process Costing Text: CH 17
Master Budget and Inventory Costing Text: CH 6 & 9
How Costs Behave Text: CH 10
Decisions and Relevant Information Text: CH 11
Pricing Decisions Text: CH 12
Performance Measurements Text: CH13,19 & 23

Learning Outcomes
1. Understand and appreciate the role of Cost Accounting in Organizations.
2. Develop advanced mathematical and computer modeling techniques
essential to design, analyze, and manage product and service costing
process.
3. Acquaint analytical and practical understanding of complementary concepts
and methods in Cost Accounting

4. Practice examples of real-world situations where the learned Cost Accounting methods are used.
5. Develop professional ethics, encourage life long learning, foster teamwork,
and enhance students communication skills.

Evaluation
Assessment Expected Due Date Weight
Tool
Homework, One week after homework problems are 8%
quizzes and assigned
project
First Exam According to the department schedule 26 %
Second Exam According to the department schedule 26 %
Final Exam According to the University final examination 40 %
schedule

Teaching & Learning Methods

- Active learning, where students should be active and involved in the learning
process.
- The teaching method that will be used in this course will be composed of a series
of lectures with frequent discussions and brainstorming exercises. Hands-
out/PowerPoint presentations will be prepared.

Policy
Attendance Attendance will be checked at the beginning of each class. University
regulations will be strictly followed for students exceeding the
maximum number of absences. No make-up test will be given
without an official university-approved excuse.

2
Homework & Homework is a vital portion of the learning process. It is expected of
Quizzes each student that all problems will be attempted although it is not
expected that each problem be completed perfectly. Late homework
will not be accepted. Team work is encouraged; however, the work one
hands in must represent his/her own effort.

Student It is the responsibility of each student to adhere to the principles of

Conduct academic integrity. Academic integrity means that a student is honest
with him/herself, fellow students, instructors, and the University in
matters concerning his or her educational endeavors. Cheating will
not be tolerated in this course. University regulations will be pursued
and enforced on any cheating student.