MASTER COURSE OUTLINE
Big Bend Community College
Date: March 2008
COURSE TITLE:
PRIN OF ACCOUNTING III
CIP Code:
Intent Code:
Program Code:
52.0302
21
505
Distribution Desig.:
Specified Elective
PREPARED BY:
Preston Wilks
DEPT: ACCT&
NO: 203
(Formerly: BUS 253)
CREDITS:
5
Total Contact Hours Per Qtr: 55
Lecture Hours Per Qtr:
55
Lab Hours Per Qtr:
Other Hours Per Qtr:
COURSE DESCRIPTION: An introduction to managerial accounting concepts and principles,
job order and process cost systems, cost-volume-profit analysis, budgeting, variances and standard
costs, performance analysis for decentralized operations, differential analysis, product pricing, and
capital investment analysis. This course is the third in a three-course series designed for all
accounting and business majors.
PREREQUISITE(S): ACCT& 202
TEXT: Accounting, 19th edition, Warren, Reeve, Fess, Southwestern Publishing.
COURSE GOALS: The student will develop an understanding of and obtain entry level skills in
order to account for the following: managerial accounting concepts, working with job order and
process cost accounting systems, cost-volume-profit analysis, budgeting, standard costs and
variances, performance analysis for decentralized operations, differential analysis, product pricing,
and capital investment analysis.
COURSE OBJECTIVES: Upon completion of the course, the student will be able to:
1. Understand the concepts and principles of managerial accounting.
2. Understand and work with job order and process cost accounting systems.
3. Understand cost-volume-profit analysis, prepare related graphs, and solve related
formulas and equations.
4. Understand budgeting for the future and be able to prepare budgets at different
volumes.
5. Understand the principles of standard costs and be able to compute variances from
standard costs.
6. Understand the principles of differential analysis and product pricing.
7. Understand performance evaluation for decentralized operations
8. Understand and analyze capital investment decisions.
COURSE CONTENT OUTLINE:
1. Introduction to managerial accounting
2. Job order cost accounting systems
3. Process cost accounting systems
4. Cost behavior and cost-volume-profit analysis
5. Budgeting
6. Performance evaluation using variances from standard costs
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7. Performance evaluation for decentralized operations
8. Differential analysis
9. Product pricing
10. Capital investment analysis
EVALUATION METHODS/GRADING PROCEDURES:
Total points possible are allocated as follows (approximately):
Problem and Activity Assignments
15%
Chapter Tests and Quizzes
70%
Final Exam
15%
Total
100%
Grade determination will be as follows (approximately):
90% - 100% =
A- to A
80% - 90% =
B- to B+
70% - 80% =
C- to C+
60% - 70% =
D- to D+
Below 60% =
Fail
PLANNED TEACHING METHODS/LEARNING STRATEGIES:
X Lecture
Laboratory Computer
Supervised Clinical
Small Group Discussion
X Audiovisual
X Individualized Instruction
Special Project
Other (List)
Division Chair Approval
website address – http//:admin.bbcc.ctc.edu
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