Principles of Accounting II
ACCT 2102
Seven-Week Course – Spring, 2000
School of Accountancy
544 New CBA Bldg. (404)651-2611
COURSE MATERIALS:
Managerial Accounting (1st edition), John Y. Lee
Solutions to Assigned Problems - this material is accessible over the net
and will be useful during the class discussions and as an additional
learning tool. There is no charge for these notes.
Power Point or WORD Notes on Selected Topics - this material is accessible
over the net and will be useful during the class discussions and as an
additional learning tool. There is no charge for these notes. The notes
are referred to on the syllabus as “PPN” for Power Point Notes and “WN”
for WORD notes.
NOTE: The Class Policies provided with this syllabus specify all the
requirements regarding grading, testing, attendance, and other important
issues related to this course. Please read these policies very carefully.
Class
Date
1
Mar. 14
Topic & Reading Assignment
Introduction to managerial accounting
Financial vs. Managerial Accounting
Changing Environment & The New
Managerial Accounting
Ethics In Management Accounting
Problem & Exercise
Assignment:
E1-1, E1-2
P1-4
- Read: Chapter 1
PPN-01
__________________________________________________________________________
2
Mar. 16
Cost Concepts & Behavior Patterns
Cost Objects & Cost Tracing*
Various Cost Classifications
Cost Classifications
Manufacturing Cost Flows
Cost Behavior Patterns
Types of Fixed Costs
Additional Cost Classifications
E2-1, E2-2
E2-8, E2-10
P2-16, P2-19
HO:2-1
(Job Order
Costing)
- Read: PPN-02 & PPN-02A
Chapter 2
*Topics not discussed in text in chapter 2
(See PPN-2)
Class
3
Date
Mar. 21
Topic & Reading Assignment
Problem & Exercise
Assignment:
Cost-Volume-Profit Analysis
CVP Analysis - Single Product:
- Contribution margin per unit
- Break-even point in units
- Safety margin in units
- Units required to reach
targeted income levels
(before & after-tax bases)
- Operating Leverage
- Sensitivity Analysis
E3-1, E3-2
E3-3, P3-11
P3-13
HO:3-1
(Comprehensive
problem)
- Read: Chapter 3-pgs: 58-73
PPN-03
- Note: Graphical analysis will not
be emphasized
__________________________________________________________________________
4
Mar. 23
Job Order Costing
Cost Flows Through JO Costing Sys.
Determining Overhead Applic. Rates
Actual & Normal Costing Systems
Job Order vs. Process Costing
Determining the cost of jobs
- Note: Students are not responsible
for journal entries
E4-1, E4-2
E4-3, E4-4
E4-6, E4-11
P4-17
HO:4-1
(Comprehensive
JO Costing
Problem)
Students are responsible for
T-account flows through the
three inventory accounts and CGS
- Read: Chapter 4-entire chapter
Chapter 5-pgs: 166-168
PPN-04 & PPN-04A
__________________________________________________________________________
5
Mar. 28
Review of key concepts of Chapter 4
(1st hour)
FIRST EXAM: All Materials Covered To Date
(1.25 hours)
Class
6
Date
Mar. 30
Topic & Reading Assignment
Problem & Exercise
Assignment:
Cost-Volume-Profit Analysis
CVP Analysis - Multiple Products
Contribution Margin Ratio or %
- Break-Even Point in Sale $’s
- Safety Margin in Sales $’s
- Sales ($’s) required to reach
targeted income levels
(before & after-tax bases)
- Operating Leverage
- Sensitivity Analysis
E3-9, P3-18
P3-20
HO:3-2
(Comprehensive
Problem)
- Read: Chapter 3-key pgs: 70-81
PPN-03
Review of 1st Exam (final hour of class)
__________________________________________________________________________
7
April 4
Cost-Activity Relationships
E6-1, E6-2
Activities & Cost Drivers
E6-6, E6-8
Simple & Complex Cost-Activity
P6-18, P6-19
Relationships
Cost Hierarchy: Unit, Batch,
Product, and Facility Levels
Cost & Activities in Service Industry
- Note: Cost estimation methods will not
be emphasized
- Read: Chapter 6-key pgs: 204-219
PPN-07
__________________________________________________________________________
8
April 6
Activity-Based Costing
ABC Defined
Limitations of conventional costing
The Design of an ABC System
- Assigning Costs to Activities
- Calculating Activity Rates
- Applying Costs to Products
Advantages & Disadvantages
E7-1, E7-2
E7-5, E7-10
P7-11
HO:7-1
(Comprehensive
ABC Problem)
- Read: Chapter 7-pgs: 250-266
PPN-08
__________________________________________________________________________
Fri.
April 7
LAST DAY TO WITHDRAW AND RECEIVE A "W"
Class
Date
9
April 11
Topic & Reading Assignment
Activity-Based Costing
The Design of an ABC System
- Assigning Costs to Activities
- Calculating Activity Rates
- Applying Costs to Products
Advantages & Disadvantages
ABC and Service Industries
Problem & Exercise
Assignment:
E7-7, E7-8
P7-12, P7-23
P7-24, P7-25
HO:7-2
(Comprehensive
ABC Problem)
- Read: Chapter 7-pgs: 258-271
PPN-08
10
April 13
Review of key concepts
- Chapters 3, 6 & 7 (1st hour)
SECOND EXAM: All Materials Covered To Date
(1.25 hours)
11
April 18
Constraints & Relevant Costs
Utilizing Scarce Resources
Relevant Costs For Decision Making
To Add Or Drop A Product Line
E15-1, E15-3
P15-4, P15-10
P15-13
- Read: Chapter 15-pgs: 626-636
WN-11
Review of 2nd Exam (final hour of class)
12
April 20
Decision Making & Relevant Costs
Make or Buy
Joint Products:
- Sell or Process Further
Special Sales Orders
- Read: Chapter 15-pgs: 636-642
WN-11
E15-5, E15-6
E15-7, P15-15
P15-19, P15-20
P15-21
Class
13
Date
April 25
Topic & Reading Assignment
Budgeting For Operations
Description of Budgeting
The Budgeting Process
The Master Budget
- Sales & Production Budgets
- Dir. Mat. & Dir. Labor Budgets
- Cash Receipts Schedule
Problem & Exercise
Assignment:
E8-3, E8-4
E8-5, E8-6
P8-11, P8-14
P8-16
- Read: Chapter 8
PPN-13
14
April 27
Responsibility Accounting
Responsibility Centers
Eval. Respons. Centers Performance
Static Budgets & Flexible Budgets
Budget Vs. Actual Perform. Reports
HO:14-1
(Flexible Budget
Exercise)
HO:14-2
(Budg. Vs. Act.
Perf. Reports)
- Read: Chapter 12-pgs:490-498
Chapter 9-pgs: 351 & 359-361
PPN-14
__________________________________________________________________________
15
May 2
Responsibility Accounting
Return On Investment (ROI)
Analysis of Operating ROI
Residual Income
Economic Value Added
Behavioral Implications
E12-2, E12-3
E12-4, E12-6
E12-8, P12-17
P12-20
- Read: Chapter 12-pgs:490-502
PPN-14
- Note: Transfer pricing will not
be included in this course.
_________________________________________________________________________
Sat. May 6
FINAL EXAM - 12:30 PM (Entire Course Subject Matter
- Note: For most classes, the final exam
is not given in the classroom in
which the course was presented.
Be certain that you know the
location of the final exam for
your particular class section.