Lake Superior State University
AC 133 Principles of Accounting II
Spring 2005
Course Description
An introduction to managerial accounting as applied to proprietorships, partnerships and
corporations. Areas of study include the costing systems for manufacturing enterprises,
cost and profit analysis and relationships, budgeting, cash flow and financial statement
analysis.
Text
Introduction to Managerial Accounting 2nd Edition, Brewer Garrison Noreen.
Grade Determination
The grading system is very simple. We will have five exams including the final. In
addition there will be 100 points determined by unannounced quizzes and homework
assignments. The final plus the highest four scores from the remaining four exams and
the quizzes will be used to calculate your final point total. You will receive a grade
valuation for each exam out of 100 no matter how many total points are available within
the exam. Each exam will cover the material from the chapters completed since the
previous exam plus a question(s) relating to any section of the previous exam that was
handled poorly as a class. Fifty percent of the final exam will cover the complete
semester.
Grade Scale (based on 500 points available)
450-500 = A
435-449 = B+
400-434 = B
385-399 = C+
350-384 = C
335-349 = D+
300-334 = D
<300
=F
Exams

Make-up exams will be permitted only in limited circumstances, such as a
serious and verifiable medical emergency. Make-up exams are not the same as
the “regular” exam. Therefore any class grade adjustments (curve) will NOT be
applied to make-up exams. If you must miss an exam, you should talk to me
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prior to the scheduled exam. I reserve the right to refuse any request for a makeup exam.
Under university policy, excused absences due to university activities (such as
athletic events) entitle students to take make-up exams. However, it is the
responsibility of the student to provide written verification before any makeup exams will be given.
There will be assigned seating for all exams.
I utilize homework problems as a learning tool rather than a means of evaluation.
It is however, most important that you use this tool to learn how to interpret data,
structure a solution and perform appropriate calculations. When collected marks
will be given for participation (see grade determination above).
Only one make-up exam will be offered at the end of the term and it will be
comprehensive including all material covered. There will be no mark-up
opportunity for “in class quizzes”.
Accommodation Statement
In compliance with Lake Superior State University policy and equal access laws,
disability-related accommodations or services are available. Students who desire such
services are required to meet with the professor in a timely manner, preferably the first
week of class, to discuss their disability-related needs. Students will not receive services
until they register with the Resource Center for Students with Disabilities (RCSD).
Proper registration will enable RCSD to verify the disability and determine reasonable
academic accommodations. RCSD is located in RM 101 in the Library. The telephone
number is 906-635-2454.
Attendance
Attendance is very important. In most instances performance in a subject bears a direct
correlation to attendance. Therefore, you are expected to attend class regularly. If you
must miss a class, it is your responsibility to find out what you missed. If you miss
class and do not attempt to find out what was covered, you will fall behind. This course
builds from class to class it is not a group of individual modules, miss one section and
you will not understand the next. Since each class this semester is two hours missing one
class will mean that a considerable amount of material will have been missed. In addition
you may miss a quiz
Important Dates Spring Semester 2005
Instruction Begins Tuesday January 11
Spring Break
Friday
February 25
Classes resume
Monday March
7
Classes End
Friday
April
22
Semester Ends
Friday
April
29
Cheating

I expect students to avoid both the act and the appearance of unethical
conduct.
 Cheating in any form is totally unacceptable.
The following is taken from page fifteen of the LSSU catalog for 2002-2004
“Cheating and Plagiarism:
The assumption of the academic contract is that the student does his or her own
work: any breach of the contract is considered cheating. The faculty member
who detects a student cheating may take appropriate action, such as assigning a
failing grade for the entire course.
A student who cheats is subject to dismissal from the University. If in the opinion
of the faculty member involved, such action is warranted, he or she will notify the
chairman of the Scholastic Standards Committee and the student in writing. The
Scholastic Standards Committee will then conduct a hearing in such a manner that
the student is given due process. If the committee decides that dismissal is
warranted, the student shall have five (5) school days to appeal that decision to
the provost of the University.
Suggestions
Since penalties for cheating can be quite severe, avoid any act that could be interpreted as
cheating. If you have any doubts, ask me!!
Material to be learned
The following is a tentative schedule of the material to be covered during the semester.
Test dates will be announced in class. All reading and problem assignments will be
announced in class.
Chapter
1
2
3
4
5
6
7
Topic
Introducing Management
Accounting and Cost Concepts
Job-Order Costing
Activity-Based Costing
Process Costing
Exam 1,2,3,4
Cost Behavior
Cost-Volume-Profit
Profit Planning
Exercises
To Be Assigned
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8
9
10
11
12
13
14
Exam 5,6,7
Standard Costs
Flexible Budgets and Overhead
Analysis
Decentralization
Exam 8,9,10
Relevant Costs for Decision
Making
Capital Budgeting Decisions
Exam 11,12
Statement of Cash Flows
Financial Statement Analysis
Final Exam 50% 13,14/50% 1-12
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Course Outcome
Students will acquire knowledge of a practical core business subject and be functional in
its application and how it is integrated into the general business environment. They will
acquire some research and analysis skills to apply the accounting skills.