Course Syllabus
Course Name: Managerial Accounting
Course Number: ACC-146-PO01E
Course Department: Business
Course Term: Spring 2015
Revised: October 2014
Room: 602
Day: MTWTF
Course Start Date: January 2016
Instructor:
Angie Aman
E-mail Address:
aaxman@pocahontas.k12.ia.us
Time: 10:51-11:34 am
Time
Course End Date: May 2016
Office Location: 602
Office Hours:
2nd period prep
Phone: (712) 468-2355
(7:00am-8:00pm)
Final Exam: TBD
1. Total Semester Hour(s) Credit: 3
2. Total Contact Hours per Semester:
a. Lecture: 3 Lab: 0 Clinical: 0
Internship/Practicum: 0
3. Catalog Description:
Managerial Accounting
3 semester hours
This course gives attention to corporation accounting especially as it relates to
various aspects of cost accounting including an overview of job order and
process costing accounting. Computers are used. A grade of “C” or better in
Financial Accounting, ACC 142, is a prerequisite for taking this course.
4.
Pre-requisites and/or Co-requisites: ACC 142, Financial Accounting
5.
Textbook Required: Horngren’s Financial & Managerial Accounting 14e, Nobles,
Mattison, Matsumura, Pearson; 978-0-13-325124-1 With Access Code (unless
it was purchased for Financial Accounting within the last year.)
6.
Institutional Outcomes:
1. Critical Thinking: The ability to dissect a multitude of incoming information,
sorting the pertinent from the irrelevant, in order to analyze, evaluate,
synthesize, or apply the information to a defendable conclusion.
2. Effective Communication: Information, thoughts, feelings, attitudes, or
beliefs transferred either verbally or nonverbally through a medium in
which the intended meaning is clearly and correctly understood by the
recipient with the expectation of feedback.
3. Personal Responsibility: Initiative to consistently meet or exceed stated
expectations over time.
7.
Department Outcomes:
1. apply effective business or career-related communication.
2. demonstrate business or career-related human relations skills.
3. solve business or career-related problems.
8.
Course Outcomes:
1. conceptualize accounting as an information system
2. decide how users may need accounting information
3. measure transactions in business terms
9.
Student Outcomes:
a. Describe managerial accounting and the role of managerial accounting
in a business.
b. Describe and illustrate the following costs: direct and indirect, direct
materials, direct labor, factory overhead, and product and period costs
c. Describe and illustrate the statement of cost of goods manufactured,
income statement, and balance sheet for a manufacturing business
d. Describe the uses of managerial accounting information
e. Describe accounting systems used by manufacturing businesses
f. Describe and prepare summary journal entries for a job order cost
accounting system
g. Use job order cost information for decision making
h. Diagram the flow of costs for a service business that uses a job order
cost accounting system
i. Explain and illustrate the characteristics and cost flows for a process
manufacturer
j. Prepare a cost of production report, accounting for completed and
partially completed units under the FIFO method
k. Prepare journal entries for transactions of a process manufacturer
l. Use cost of production reports for decision making
m. Contrast just-in-time processing with conventional manufacturing
practices
n. Classify costs by their behavior as variable costs, fixed costs, or mixed
costs
o. Compute the contribution margin, the contribution margin ratio, and the
unit contribution margin, and explain how they may be useful to
managers
p. Using the unit contribution margin, determine the break-even point and
the volume necessary to achieve a target profit
q. Using a cost-volume-profit chart and a profit-volume chart, determine
the break-even point and the volume necessary to achieve a target
profit
r. Compute the break-even point for a business selling more than one
product, the operating leverage, and the margin of safety
s. Describe and illustrate income reporting under variable costing and
absorption costing
t. Describe and illustrate income analysis under variable costing and
absorption costing
u. Describe and illustrate management’s use of variable costing and
absorption costing for controlling costs, pricing products, planning
production, analyzing contribution margins, and analyzing market
segments
v. Use variable costing for analyzing market segments, including product,
territories, and salespersons segments
w. Use variable costing for analyzing and explaining changes in
contribution margin as a result of quantity and price factors
x. Describe and illustrate the use of variable costing for service firms
y. Describe budgeting, its objectives, and its impact on human behavior
z. Describe the basic elements of the budgeting process, the two major
types of budgeting, and the use of computers in budgeting
aa. Describe the master budget for a manufacturing business
bb. Prepare the basic income statement budgets for a manufacturing
business
cc. Prepare balance sheet budgets for a manufacturing business
dd. Describe the types of standards and how they are established for
business
ee. Explain and illustrate how standards are used in budgeting
ff. Compute and interpret direct materials and direct labor variances
gg. Compute and interpret factory overhead controllable and volume
variances
hh. Journalize the entries for recording standards in the accounts and
prepare an income statement that includes variances from standard
ii. Explain and provide examples of nonfinancial performance measures
jj. List and explain the advantages and disadvantages of decentralized
operations
kk. Prepare a responsibility accounting report for a cost center
ll. Prepare responsibility accounting reports for a profit center
mm. Compute and interpret the rate of return on investment, the residual
income, and the balanced scorecard for an investment center
nn. Explain how the market price, negotiates price, and cost price
approaches to transfer pricing may be used by decentralized segments
of a business
oo. Prepare a differential analysis report for decisions involving leasing or
selling equipment, discontinuing an unprofitable segment,
manufacturing or purchasing a needed part, replacing usable fixed
assets, processing further or selling an intermediate product, or
accepting additional business at a special price
pp. Determine the selling price of a product, using the total cost, product
cost, and variable cost concepts
qq. Compute the relative profitability of products in bottleneck production
environments
rr. Explain the nature and importance of capital investment analysis
ss. Evaluate capital investment proposals, using the following methods:
average rate of return, cash payback, net present value, and internal
rate of return
tt. List and describe factors that complicate capital investment analysis
uu. Diagram the capital rationing process
vv. Identify three methods used for allocating factory overhead costs to
products
ww. Use a single plantwide factory overhead rate for product costing
xx. Use multiple production department factory overhead rates for product
costing
yy. Use activity-based costing for product costing, to allocate selling and
administrative expenses to products, and in a service business
zz. Compare and contrast just-in-time manufacturing practices with
traditional manufacturing practices
aaa. Apply just-in-time manufacturing practices to a traditional
manufacturing illustration
bbb. Describe the implications of a just-in-time manufacturing philosophy
on cost accounting and performance measurement systems
ccc. Apply just-in-time practices to a nonmanufacturing setting
ddd. Describe and illustrate activity analysis for improving operations
10.
Grading Policy and Evaluation:
A89.5% - 100%
B79.5% - 89.49%
C69.5% - 79.49%
D – 59.5% - 69.49%
F–
59.40% and below
Evaluation items:
Quizzes > 11 quizzes @ 20 points
Tests > 3 @ 150 points each and 1 @ 100 points each
Final Exam
Mastery Points (@PAC – pre/post/homework)
23%
57%
10%
10%
Graded items explained:
Quizzes > Quizzes are intended to help you learn the material, not to
penalize you.
I would suggest that you read the chapter assigned before you ever try to
complete a quiz. After you have read the chapter, go through the quiz and
answer the items that you are able without the use of the textbook. Then look
in the textbook for the ones that you are unsure of.
Tests > Look at tests as an opportunity to prove to yourself that you have
completed all of the assignments and quizzes and have attended every class
and are ready to be very successful! All of the tests are composed of multiple
choice questions and problems. Problems may consist of journalizing, fill-theblank, composing financial statements, etc.
Mastery Points > Mastery points are 10% of your grade. Earn mastery points
by completing Pre-tests, Post-tests, and Homework located in
www.myaccountinglab.com.
11.
College Procedures:
a. Administrative Withdrawal Process
An expectation of this course is that you will participate in all class
meetings and conscientiously complete all required course activities
and/or assignments. After you miss 25% (at PAC this is 20 class
periods) of the course meetings, you will be administratively withdrawn
from this course. EXAMPLE: A 3-credit lecture course meeting MWF is
scheduled to meet 45 times during the semester and for a TTH course 30
times. When your number of absences has exceeded 11 for a MWF
course or 8 for a TTH course, you will be withdrawn, and a “W” will appear
on your transcript. You have the right to appeal the withdrawal to the Vice
President of Instruction. Administrative withdrawal may have academic,
scholarship, financial aid, and/or housing implications. If you have
questions about the administrative withdrawal policy at any point during
the semester, please contact me.
b. Children in the Classroom: Students are not allowed to bring children into
the classrooms, labs, shops, or hallways during class times.
c. Weather policy: In the event of delayed or canceled classes due to
extreme weather conditions an email will be sent out to ALL students and
staff. The Triton Alerts emergency text messaging service will send a text
message to all students who are signed up for the service. Notifications
will also be distributed through the Iowa Central App. Instructors may
make final decisions on make-ups due to inclement weather. The final
decision to attend college classes can only be made by the individual
based on his or her specific extenuating circumstances that may make it
hazardous for him or her to travel. Additional information can be found on
the Iowa Central web site. (Current Students - Student Life)
d. Course withdrawal procedure:
i. The student will submit the withdrawal request online. This is
located in WebAdvisor.
ii. The instructor immediately receives an email telling him/her that the
student has requested the drop.
iii. The instructor will go into WebAdvisor and approve or deny the
request.
iv. If the instructor does not respond immediately, he/she will receive
an email each night until the request is approved or denied.
v. If the instructor does not respond after two working days, the
department chair will receive an email saying the instructor has not
responded to the request yet.
vi. Once the request is approved, the Student Records Office will
withdraw the student based on the date the student submitted the
request.
e. Class cancelation: Class cancelations will be posted on Triton Pass and
emailed to students. Cancelations, including campus closings, are also
available as text messages through Triton Alerts.
12.
Grade Appeal Process:
Students who believe a course grade they have received is inaccurate may seek
an appeal. Please refer to the Student Handbook for more specific information.
13.
Special Populations/Accommodations:
Students who feel they may need academic accommodations should
contact the Academic Resource Center early in the semester. The
Coordinator will verify documentation and coordinate appropriate and
reasonable accommodations. Students must obtain a new
accommodation notification each semester.
For information contact:
Academic Resource Center
515-574-1045
14.
Course Specific Policies:
a. Course Syllabus Agreement: By remaining enrolled in your course, the
student agrees to the policies in the syllabi.
b. Communication: Please use the phone number & E-mail located on the
first page to communicate with me if you cannot communicate in person.
You are to take responsibility for yourself and notify me if you are going to
be late or not be in class. I typically respond to an E-mail/voicemail with 24
business hours. If you do E-mail me, I will respond if your E-mail was
written in a business-like manner. Please correctly spell out all words and
place them in a sentence if you would like a prompt response.
c. Personal Responsibility: It is your responsibility to contact me if you miss
class to determine what work you need to make-up. Assignments will be
posted on my class web site.
d. Classroom Management and Behavior: Please do not pack up your bags
before the end of class as I give the next class period assignments at that
time. I will also not tolerate inappropriate language, so please restrain
yourself. You may be asked to leave the classroom if you are not able to
control yourself.
e. Technology usage: Computers are to be used for classroom learning
purposes only. Usage of the Internet, chat rooms, e-mail, cell phones or
other interruptive devices during class will NOT be permitted unless this
usage is requested by the instructor or given special permission BEFORE
CLASS. In case of an emergency, please have your family contact the
school office at 712.335.4848. This WILL affect your participation grade if
used without permission.
f. Participation/Attendance Policy: If you are absent you will not be able to
participate for the day so 0 points will be granted for missed class days.
You will also not be able to participate if you are not prepared for class.
Attendance will be taken at the beginning of each class session for the
instructor’s records. You are expected to be to class on time and ready to
go.
g. Group Work/Collaboration: Students may work in groups and share ideas
however all work completed must be your own. You are to complete your
own assignments and use your own thoughts. Any violation of this will
result in either a 0 for the assignment or makeup work at my discretion for
the first offense. The second offense will result in an “F” for the course.
h. Teaching Philosophy: I believe that a variety of methods should be used to
achieve maximum learning. I will address the main points of each chapter
and follow up with application exercises or hands-on work. I will provide a
notes outline for students who would like one.
i.
Assessments: Assessments are listed specifically on a previous page and
are subject to change.
j.
Late-work policy: I will accept any assignments up until 5/1/15 @ 3:00 pm
(in my box), but late credit will be applied if after the due date. Late credit
is applied with the points possible adjusted to 75% of the original point
value. For example an assignment that is worth 20 will now be worth a
maximum of (20 * .75) = 15 points. If you missed 2 points on this
assignment you would earn: (15-2) = 13/20 for this assignment.
k. Extra Credit Points: I do offer extra credit points by asking questions
relating to the chapter that was to be read for a specific class period. For
Example, if I ask you to read Chapter 6 for Monday, I will ask a handful of
questions Monday morning and you will answer them and potentially earn
extra credit points by being prepared.
l.
Previous Work: Students may not submit work that has been previously
submitted in any other course (which includes this course in the event of a
retake). You must complete all assignments in this course as specified.
m. Final exam policy: If you arrive late to your Final exam, you will still be
able to take the exam as long as time permits. You will only have until the
end of the testing period to complete your exam, unless your tardiness is
excused.(i.e. Dr’s note) There are no makeups if you miss your exam
unless excused, such as the example stated above.
n. Computer Considerations: The college computers have “Microsoft Word”.
“Works” and other programs may not open unless you save the file as a
rich text format or .rtf file. Excuses about disks or printers are not
acceptable. Complete your work early and this will not be a problem. This
may require scheduling a time to complete homework on campus.
o. Scholastic dishonesty: It is unacceptable and unethical to copy another
student’s work. If I have reason to believe that you have done this, I will ask for
your jump drive and you may be required to retake this entire course. Resist the
temptation to “cheat”. You will be rewarded for your ethical behavior when you
obtain an accounting position. Of course you will retain and/or gain my respect
also!