Heartland Community College
Social and Business Sciences Division
Course Syllabus for Students – Spring 2010
Course Prefix and Number: ACCT 201 – 01
Course Title: Managerial Accounting
Prerequisite: ACCT 200 and Math 106 or Math 109 with a grade C or better
Credit Hours:
4
Lecture Hours: 4
Days and times the course meets:
Laboratory Hours: 0
Mon/Wed 8:00 – 9:50
CATALOG DESCRIPTION:
Prerequisite: ACCT 200 and MATH 106 or MATH 109 with a grade of C or better. This course
offers students a full semester of managerial accounting. It presents accounting as a system of
producing information for use in internally managing a business. The course emphasizes the
identification, accumulation, and interpretation of information for planning, controlling, and
evaluating the performance of the separate components of a business. Included is the
identification and measurement of the cost of producing goods or services and how to analyze
and control these costs. Decision models commonly used in making specific short-term and longterm business decisions are also included.
Instructor Information:
Karen Mitchusson, M.A., C.P.A.
Office location:
Office phone:
E-Mail:
Office hours:
2118 ICB
(309) 268-8571
karen.mitchusson@heartland.edu
Monday 12:00 – 12:45 pm, Wednesday 12:00 – 12:30, Tuesdays and Thursdays
11:00 – 12:30 and other times by appointment
TEXTBOOK:
Garrison, Ray H. 2010. Managerial Accounting, 13th Ed. McGraw Hill - Irwin.
Access Code to McGraw-Hill Connect homework program
RELATIONSHIP TO ACADEMIC DEVELOPMENT PROGRAMS AND TRANSFER:
ACCT 201 fulfills 4 semester hours of elective credit for the A.A., A.S. or A.A.S. degrees. It
should transfer to most colleges and universities as an elective course. However, since it is not
part of the General Education Core Curriculum described in the Illinois Articulation Initiative,
students should check with an academic advisor for information about its transferability to other
institutions. ACCT 201 should articulate as the equivalent of the IAI baccalaureate major course
BUS 904 Managerial Accounting. Refer to the IAI web page for information as well at
www.itransfer.org.
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COURSE OBJECTIVES (Learning Outcomes):
Outcomes
General
Education
Outcomes
1. Describe the role managerial accounting plays in planning,
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control, and decision making activities of a business.
Record the flow of materials, labor, and overhead through
both job-order and process costing systems and distinguish
between the basic system designs utilized in each costing
system.
Prepare and analyze schedules of cost of goods
manufactured and cost of goods sold in job-order costing
systems.
Analyze cost behavior and apply cost-volume-profit
analysis tools to prepare and interpret contribution margin,
break-even, target profit, margin of safety, and net income.
Compute, reconcile, interpret, and analyze absorption and
variable costing methods and their application for financial
reporting and managerial decision making.
Assign and analyze costs utilizing the activity-based
costing method as a decision making tool
Create and analyze the interdependent budgets necessary to
create a master budget with a pro-forma income statement
and balance sheet.
Measure and interpret the business implications of standard
cost variances for material, labor and manufacturing
overhead
Identify, analyze and interpret relevant and irrelevant costs
and benefits in various business decision making situations.
Compute and evaluate the acceptability of investment
projects utilizing capital budgeting and net present value
tools
Identify the basic concepts underlying just-in-time
inventory procedures and analyze the impact the system
has on cost management, planning, and decision making.
Prepare, interpret and analyze a statement of cash flows.
13. Interpret and analyze financial statements using various
ratios and analyses techniques.
Range of Assessment
Methods
Class activities
Quiz/Test questions
PS2
Class activities
Quiz/Test questions
CT1
PS2
Class activities
Quiz/Test questions
CT2
PS2
Class activities
Quiz/Test questions
CT2
PS2
Class activities
Quiz/Test questions
CT1
PS1
CT2
PS2
Class activities
Quiz/Test questions
Case project
Class activities
Quiz/Test questions
CT2
PS2
Class activities
Quiz/Test questions
CT2
PS2
CT2
PS2
Class activities
Quiz/Test questions
Case Project
Class activities
Quiz/Test questions
CT1
Class activities
Quiz/Test questions
CT2
PS2
CT2
PS2
Class activities
Quiz/Test questions
Case project
Class activities
Quiz/Test questions
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COURSE/LAB OUTLINE:
1. Introduction to Managerial Accounting and Cost Concepts
2. Job Order and Process Costing
3. Cost Behavior and Analysis
4. Variable Costing
5. Activity-Based Costing
6. Budgets and Profit Planning
7. Standard Costs and Variance Analysis
8. Relevant Costs for Decision Making
9. Capital Budgeting
10. Statement of Cash Flows
METHODS OF INSTRUCTION:
Instructor’s Responsibilities:
The instructor will direct the class through the material contained in this course. The
material will be presented through a variety of techniques including lectures, problems
solving, demonstrations, examples, and group problem solving.
Student Responsibilities
As the student, you have a responsibility to:
 attend class
 complete assignments and preparation for class
 access website www.mhhe.com/garrison13e for additional materials
 be willing to actively participate in all course related activities
 be respectful of the instructor and the other students in the classroom
 communicate with instructor when you encounter difficulties with course materials
 apply what you learn in class to future studies in accounting and business as well in your life/job.
Top 10 things to do to be successful in this class:
1.
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Ask questions!
Attend class and participate in class discussions.
Read and review all assigned material prior to class.
Attempt all assigned homework problems/exercises prior to class. After the
assignments have been discussed in class, review the problems/exercises and
complete all aspects of the assignment for future reference.
Participate in class/group activities.
Have a class contact/study partner that you work with the keep up with class
activities.
Review chapter materials on the web for this class.
Don’t let yourself fall behind – it can be devastating in a class like this.
Review EARLY and OFTEN for quizzes and exams.
Ask questions!!!
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COURSE POLICIES
Grading System:
Grades will be based on required assignments, quizzes, online assignments, group assignments, projects
and exams. Students must have access to Connect program to complete required assignments.
Measurement
Assignments, Quizzes, Problems, Projects
Exams
Total
%
40%
60%
100%
***THERE ARE NO EXTRA CREDIT POINTS AVAILABLE IN THIS COURSE ***
Grading Scale:
The grading scale used to determine course grade is as follows:
90 – 100%
80 – 89%
70 – 79%
60 – 69%
Below 60%
=
=
=
=
=
A
B
C
D
F
Policies on Assignments/Exams/Make-ups:
All graded work must be completed by the due dates announced in class or posted on the webpage to
receive full credit.
Quizzes given in class must be taken during the allotted time. If you come in the class after the quiz has
started you may not be allowed to take that quiz. No in-class quizzes can be made up regardless of
presence in class. In determining your course grade, the lowest quiz grade will be dropped.
Most chapters will have activities that are completed in class. You must be present during the class
activity to receive the points for that activity.
Students will use calculators during quizzes and examinations. Students are responsible for completing
quizzes/exams within the allotted time period in case of calculator failure. No calculators on cell
phones, palm pilots, or other multifunctional electronic devices may be used on quizzes/exams.
Examinations will consist of problems, as well as multiple choice, true false, and/or essay questions
which are included to test your conceptual understanding of the material.
***
MAKEUP EXAMS WILL BE GIVEN ONLY AT THE DISCRETION
OF THE INSTRUCTOR. ***
Anyone who removes an exam, in part or in total, from the classroom at anytime will be given a grade of
"F" for the course. Reproduction of the contents of the exam by any process will result in your receiving
a grade of "F" for the course. Cheating on any course work will result in an “F”.
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Attendance Policy:
All students are expected to attend class on a regular basis. Consistent class attendance and participation
is critical in the learning process since accounting knowledge tends to be cumulative in nature. Some
problems will be completed in small groups; you are expected to attend each class period to participate as
part of the class. Class attendance and participation in class activities will be evaluated by the instructor
and may be considered as part of determining your final course grade.
Notice of Cancelled Class Sessions:
Cancelled class sessions, for all HCC classes, will be listed under Cancelled Class Meetings
announcements at www.myheartland.edu. The list will show you the classes that have been cancelled for
that day and the upcoming week. Be sure to check the last column, which might contain a message from
the instructor.
Required Writing and Reading:
The reading materials are designed to provide the basis needed for the study of managerial accounting.
We will not necessarily discuss all of the information contained in the daily reading assignments.
Students will be responsible for all information presented in assigned text readings.
It is a goal of this course to enhance both the written and verbal communication skills of students. Most
problems and exercises assigned will be reviewed in class discussions. All students are expected to
actively participate in these class discussions.
Group activities may be assigned during the semester. These activities are designed to reinforce the
accounting skills as well as the critical thinking skills being introduced in that particular unit of study. It
is also a goal of these activities to enhance the teamwork skills of all students. All students are expected
to actively participate in these activities.
Academic Integrity:
Academic integrity is a fundamental principle of college life at Heartland Community College and is
essential to the credibility of the College’s educational programs. Moreover, because grading may be
competitive, students who misrepresent their academic work violate the right of their fellow students.
The College, therefore, views any act of academic dishonest as a serious offense requiring disciplinary
measures, including course failure, suspension, and even expulsion from the College. In addition, an act
of academic dishonesty may have unforeseen effects far beyond any officially imposed penalties.
Violations of academic integrity include, but are not limited to cheating, aiding or suborning cheating or
other acts of academic dishonesty, plagiarism, misrepresentation of data, falsification of academic records
or documents and unauthorized access to computerized academic or administrative records or systems.
Definitions of these violations may be found in the college catalog.
SUPPORT CENTER SERVICES
Library
The Library, located in the Student Commons Buildings at the Raab Road campus, provides Heartland
students with a full range of resources including books, online journal databases, videos, newspapers,
periodicals, reserves, and interlibrary loan. Librarians are available to assist in locating information. For
more information, please call the Library (309) 268-8200 or (309) 268-8292
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Tutoring Services
Heartland Community College offers tutoring in various forms at no cost to Heartland students at the
Tutoring and Testing Center in Normal and at the Pontiac and Lincoln Centers. Tutors are available at
convenient times throughout the week. Study groups are also available by request. For more information
about services available at each location, please call the Tutoring and Testing Center in Normal (309) at
268-8231, the Pontiac Center at (815) 842-6777, or the Lincoln Center at (217) 735-1731.
Testing Services
The Tutoring and Testing Center provides a secure testing environment for students who are enrolled in
online, hybrid, and other distance learning courses; have a documented disability; or need to take a makeup exam. Testing accommodations for students having documented disabilities must be arranged by the
student through the Office of Disability Services, and Testing Services will only administer make-up
exams at the request of the instructor. Contact Testing Services at (309) 268-8231 for more information.
Open Computing Lab
The Open Computing Lab provides free computing for HCC students at convenient times throughout the
week. The computer lab is staffed by trained Lab Assistants and offers the use of approximately 70
computers, a scanner, a laser printer, and an electric typewriter.
Hours for Support Services
Hours that the various support services are available are posted online at www.heartland.edu . Please be
advised that hours around holidays and over school breaks may be limited.
Disclaimer
The instructor reserves the right to alter the course syllabus as circumstances dictate. Any changes will be
announced in class and/or posted on WebCT. Any student not attending class is responsible for obtaining
this information.
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Managerial Accounting ACCT 201
Tentative Assignments
Chapter
Homework Assignment
Graded Assignment
Chapter 1
Ex 3 & P 6
Ex 2
Chapter 2 &
Appendix A
Ex 1, 5, 6, 8, 9, 10,11, P13
P14, P18
Chapter 3
Ex 1, 3, 4, 5, 6, 8, 10, 14
Project (P32)
Ex 16, 17, 20
EXAM 1 –Chapters 1 - 3
Chapter 4
Ex 2, 3, 4, 7, 8, 9, 11
Ex 6, Ex 12, P13
Chapter 5
Ex 5, 6, 7, 8, 9, 10
P14, P12
Chapter 6
Ex 11, 12, 13, 15, 17
P19
EXAM 2 –Chapters 4 - 6
Chapter 7
Ex 5, 6, 7, 8 , 9, P11
P13
Chapter 8
Ex 2, 7, 12, 13, 14
Ex 15
Chapter 9
Ex 7, 11, 12, 14, P17, P19, P23
Ex 8, 13
EXAM 3 –Chapters 7 - 9
Chapter 11
Ex 4, 5, 6, 7
P12
Chapter 12
Ex 1, 2, 3, 5, 10
Ex 8
Chapter 13
Ex 1, 2, 3, 6, 7, 8, 11
Ex 13
EXAM 4 –Chapters 11 - 13
Chapter 14
Ex 1, 2, 4, 8, 11, 12, 15
P 16
Chapter 15
Ex 5, P7, P10
P8, P11
FINAL EXAM –Chapters 14 - 15
NOTE: Assignments are subject to change and will be announced by instructor.
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