Instructor: Dr T. Farmer
1212 Tower
Email: farmert@umsl.edu
Office Hours: Tuesday, Thursday, 10:30-11:00 AM., 5:00-5:30 PM.,and by appointment

Objective:

This course covers some basic conceptual and procedural topics related to providing useful information
for management to assist in guiding and controlling te operations of the firm. Product costing for financial
reporting purposes is also included as a major focus of the course. Emphasis is placed on reasonning,
not on memorization. It is expected that you will further develop analytical skills through problem-solving
and thoughful participation in class discussion as part of the preoparation for a professional career.

Prerequisite: 57 earned credits, BA145 with a grade of C-or better, Math30 with a grade of C- or better

Text: Cost Management: Accounting and Control, 4th edition, D. Hansen and M Mowen, Southwesten, 2003.

Class Procedure:

For each topic studied, you are asked to read a chapter in the textbook or other material and the instructor will
lecture on the topic in class. You are expected to solve all the assigned problems in preparation for class and to
contribute to their solution in class as they are discussed. A copy of the solutions manual is on reserve in the
Thomas Jefferson Library.

• Introduction to Cost Management
• Basic Cost Management Concepts
• Activity Cost Behavior
• Product & Service Costing:  Overhead Application and Job Order Costing
• Product & Service Costing:  A Process Systems Approach
• Activity Based Costing
• Activity Based Management
• Activity Resource Usage Model and Tactical Decision Making
• Budgeting for Planning & Control
• Stnadard Costing:  A Functional Based Control Approach