Maui Community College
Course Outline
1. Alpha and Number
ACC 202
Course Title
Introduction to Managerial Accounting
Credits
3
Date of Outline
February 27, 2004 (D. Grooms)
2. Course Description
Introduces methods for evaluating financial
performance, including cost accounting, budget,
break-even analysis, ratio analysis, and sources
and uses of funds.
3. Contact Hours/Type
3 Hours/Lecture
4. Prerequisites
ACC 124 and 125, or ACC 201, or
consent.
Corequisites
Recommended Preparation
Approved by
Date
2
5. General Course Objectives
To develop working skills with the goals and methods of generally accepted accounting
principles, including partnership accounting, cash flow, present value, budgeting and
responsibility accounting. Also includes manufacturing accounting and cost-volume-profit
analysis, and financial statement analysis.
For detailed information on how ACC 202 focuses on the Maui Community College general
education standards, see the attached curricular grids.
ACC 202 fulfills three of the 21 credits for the Accounting requirements for the A.A.S.
Accounting degree at Maui Community College, and the three-credit requirement in Applied
Studies for the Liberal Arts A.A. degree. ACC 202 also satisfies three credits of the six-credit
requirement for the University of Hawaii’s College of Business Administration (CBA).
6. Student Learning Outcomes
For assessment purposes, these are linked to # 7. Recommended Course Content
Upon successful completion of this course, the student will be able to:
a. discuss the difference between the nature of a partnership and a sole proprietorship with
emphasis on how equity and net income is determined;
b. journalize and post transactions for short and long-term trading investments;
c. state the purpose of a statement of cash flows as well as compute
the cash flow from operations, investing and financing activities;
d. compute the ratios widely used in financial statement analysis and
explain the significance of each;
e. distinguish between the fields of financial accounting and
managerial accounting;
f. distinguish between direct and indirect expenses and allocate these costs to jobs or
processes;
g. describe the difference between accounting for inventories in
manufacturing companies and merchandising companies. Include
explanations of: product costs and period costs, goods in process
and finished goods, job order cost and process cost systems;
h. explain the meaning of fixed costs, variable cost, and
contribution rate. Use all of the above in evaluating various
marketing strategies;
i. describe the benefits and elements of a master budget. Prepare some
of the supporting schedules used in the master budget;
j. describe a standard cost system including the use of variance
accounts;
k. identify the financial information relevant to a business decision;
include a discussion of the relevance of opportunity cost, sunk
costs, and out-of-pocket costs;
l. evaluate a capital budgeting proposal using
(a) the payback period,
(b) return on average investment, and
(c) discounted cash flows;
m. discuss the difference between full costing and variable costing;
n. apply the concept of present value decisions involving bonds and
capital budgeting.
3
7. Recommended Course Content and Approximate Time Spent on Each Topic
Linked to # 6. Student Learning Outcomes
1-2 Weeks
Accounting for Partnerships (a)
1-2 Weeks
Accounting for Investments (b)
1-2 Weeks
Statement of Cash Flows (c)
1-2 Weeks:
Introduction to Manufacturing Accounting (e, f)
1-2 Weeks:
Job Costing (e, f, g)
1-2 Weeks:
Process Costing (f, g)
1-2 Weeks
Cost-Volume-Profit Analysis and the Contribution Margin Approach to
Decision Making (f, g, h)
1-2 Weeks
The Master Budget and Responsibility Accounting (i)
1-2 Weeks
Flexible Budgets and Standard Costs (h, i)
1-2 Weeks
Activity-Based Costing and Other Tools of Cost Management (h, j, m)
1-2 Weeks
Financial Statement Analysis (c, d)
1-2 Weeks
Special Business Decisions and Capital Budgeting (k, l, n)
0-3 Weeks
Special Topics of Interest (a-n)
8. Text and Materials, Reference Materials, Auxiliary Materials and Content
Appropriate text(s) and materials will be chosen at the time the course is to be offered from
those currently available in the field. Examples include
Texts:
Horngren, C.T. et. al. 2005. Accounting. Prentice Hall, Upper Saddle River, New Jersey
Materials:
Text(s) may be supplemented with:
Accompanying practice set if available
Articles and/or handouts prepared by the instructor
Magazine or newspaper articles
Other:
Appropriate films, videos or internet sites
Television programs
Guest speakers
Other instructional aids
4
9. Recommended Course Requirements and Evaluation
Specific course requirements are at the discretion of the instructor at the time the course is
being offered. Suggested requirements might include, but are not limited to:
40 – 80%
Examinations (written and/or oral)
0 – 30%
In-class exercises
0 – 30%
Homework
0 - 30%
Practice sets or Comprehensive Problems
0 – 30%
Quizzes
20 – 40%
Projects/research
0 – 20%
Attendance and/or class participation
10. Methods of Instruction
Instructional methods vary considerable with instructors and specific instructional methods
will be at the discretion of the instructor teaching the course. Suggested techniques might
include, but are not limited to:
a.
b.
c.
d.
e.
f.
lecture, problem solving, and class exercises or readings;
class discussions or guest lectures ;
audio, visual or presentations involving the internet;
student class presentations;
group or individual projects;
other contemporary learning techniques (e.g., service learning, co-op, school-to-work,
self-paced, etc.).