Southern State Community College
Curriculum Committee – April, 2015
ACCT 1102 – Principles of Managerial Accounting
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I.
COURSE TITLE: Principles of Managerial Accounting
COURSE NUMBER: 1102
CATALOG PREFIX:
ACCT
II.
III.
PREREQUISITE: ACCT 1101 or ACCT 1104
CREDIT HOURS: 3
LECTURE HOURS: 3
LABORATORY COMPONENT:
OBSERVATION HOURS: 0
IV.
COURSE DESCRIPTION:
An introduction to the use of accounting data in managerial decision making with an emphasis
on the capital structure of corporations, financial statement analysis and managerial accounting
techniques.
Content includes corporate organization, accounting for equity transactions, long-term
obligations and investments, ratio analysis of financial statements, cost measurement systems,
cost-volume-profit analysis, and budgeting.
V.
ADOPTED TEXT(S):
Financial Statement Analysis: Red Company
9th or Current Edition
Daniel Wiegand
Micro Solve Inc.
ISBN: 978-0-9892495-7-7
Fundamental Accounting Principles with Connect
22nd or Current Edition
John Wild, Ken Shaw, and Barbara Chiappetta
McGraw Hill Irwin Publishing
ISBN: 9781259566905
Alternative (reduced cost) text options:
Connect with integrated eBook
ISBN: 9780077632755
VI.
COURSE OBJECTIVES:
At the completion of this course, the student will successfully achieve the following
objectives as they relate to the study of accounting:
Southern State Community College
Curriculum Committee – April, 2015
ACCT 1102 – Principles of Managerial Accounting
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
Use horizontal, vertical, and ratio analysis to interpret the performance of a business

Recognize the differing information needs of internal management and external users of
financial information

Comprehend the various roles of managerial accounting in planning, controlling, making
decisions, and evaluating performance

Define and describe the basic terminology and concepts of managerial accounting

Apply managerial accounting techniques, including planning, controlling, decision
making and performance evaluation to problem solving and decision making

Analyze and provide information to other disciplines for planning, controlling, decision
making and performance evaluation
VII.
COURSE METHODOLOGY:
The use of lecture and exercises will be used to teach students introductory managerial
accounting concepts. Other methodologies may include: lecture, independent and group
projects, in-class and at-home assignments, simulations, tests and quizzes.
VIII. GRADING:
A= 90- 100%
B = 80-89
C = 70-79
D = 60-69
F = 0 - 59
IX.
COURSE OUTLINE (Suggested):
Texts: Red Company: Financial Statement Analysis (RC)
Fundamental Accounting Principles with Connect Plus (FAP)
Week
1
Class Assignments
Introduction to Managerial Accounting: Difference between Financial
and Managerial Account; Ethics; Cost/benefit principle
2
FAP Chapter 17 – Financial Statement Analysis and Making Managerial
Decisions
3
RC Chapters 1 - 2
Southern State Community College
Curriculum Committee – April, 2015
ACCT 1102 – Principles of Managerial Accounting
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4
RC Chapters 3 - 4
5
RC Chapters 5 and RC Project
6
FAP Chapter 18 - Managerial Accounting Concepts: types of costs and
cost drivers; cost behaviors; cost functions; Manufacturing inventories;
Overhead rates; Accounting for manufacturing overhead;
7
FAP Chapter 18 - Managerial Accounting Concepts – cont.: Variable and
absorption costing Cost objects and allocations; Allocation of service
department costs; Allocation of corporate support costs; Strengths and
weaknesses of allocations in decision contexts
8
FAP Chapter 19 – Job Order Cost Accounting: Distinction between joborder and process systems; Job costing and accounting for manufacturing
costs and Mid-Term
9
FAP Chapter 21 – Cost-Volume-Profit Analysis: Identifying and
measuring cost behavior; Contribution margin, break-even analysis, and
target profit volumes cost equations;
10
FAP Chapter 21 – CVP continued - applying CVP analysis: Cost
accumulation and cost assignment; Categories of manufacturing cost;
Product and period costs; Cost of goods manufactured
FAP Appendix C – Activity-Based Costing
11
FAP Chapter 22 – Master Budgets: Preparation of the master/operational
budget; Budgets and organizational behavior; Financial planning models
12
FAP Chapter 23 – Flexible Budgets and Variance Analysis - Static and
flexible budgets; Standard costs and prime cost variance analysis;
Standard costs and overhead variance analysis; Standard cost journal
entries.
13
FAP Chapter 24 – Performance Measurement: Centralized vs.
decentralized organizations; Responsibility accounting—cost centers,
revenue centers, profit centers, investment centers; Goal congruence,
managerial effort and motivation; Performance measurement—residual
income and return on investment; Non-financial measures of performance
and the balanced scorecard; Transfer prices
14
FAP Chapter 25 – Capital Budgeting: Discounted cash flow analysis;
Evaluation of individual projects—payback, return on investment, and net
Southern State Community College
Curriculum Committee – April, 2015
ACCT 1102 – Principles of Managerial Accounting
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present value; Comparison of alternative projects; Equipment replacement
decisions
Review of FAP Appendix B – Time Value of Money
15
FAP Chapter 25 – Managerial Decisions - Relevant and irrelevant costs in
decision contexts; Special order decisions; Adding and dropping products;
Using limited resources; Cost-plus pricing and target costing; Make or buy
decisions; Influence of performance measures on production decisions
16
FINAL EXAM (Comprehensive)
X.
OTHER BOOKS AND MATERIALS:
Connect Plus for Fundamentals of Accounting Principles 22nd (or current) Ed.
Microsoft Excel
XI.
EVALUATION:
Knowledge of content is evaluated by written tests, assignments, and work projects per
instructor. All exams are comprehensive; quizzes are not. Class participation will be
evaluated by the student’s ability to contribute to class discussion. No make-up tests will
be given.
Sample Grading Scale:
Mid-term Examination
Final Examination
RC Project
Homework & Quizzes
Attendance and Participation
Total
XII.
25%
25%
25%
20%
5%
100%
SPECIFIC MANAGEMENT REQUIREMENTS:
Attendance Policy
To meet the objectives of Principles of Accounting I, students must attend all scheduled
classes. If a student must miss class due to extenuating circumstances, the student is
expected to call and inform the instructor by either talking with the instructor, e-mail, or
leaving a message should the instructor not be available.
Southern State Community College
Curriculum Committee – April, 2015
ACCT 1102 – Principles of Managerial Accounting
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If you wish to drop the course you must take positive action. Do not assume that the
Instructor will automatically drop you if you stop attending class.
Instructor and Student Responsibilities and Academic Dishonesty
Students are required to submit only their own original work with proper citation of third
party sources quoted in that work, this includes the team papers; it must be original work
produced by the team. The College’s Plagiarism Checker includes a database of all past
papers submitted by SSCC students. Submission of copied or purchased assignments is
likely to be caught by SafeAssign and the resulting sanctions under the Code of Conduct
can include a failing course grade, suspension, or expulsion from the College.
IT Proficiency
Among the primary skills(s) developed in this class will be IT proficiency. In part, this skill
will be promoted by:
 Entering accounting data using spreadsheets
 Creating accounting reports using spreadsheets
 Using spreadsheets to perform time value of money calculations
 Uploading/downloading electronic data files via the internet
 Utilizing the SEC Edgar database to search for, and download, financial reports for
publicly traded companies
 Obtaining up-to-date stock quotes and financial information using Yahoo Finance, or a
similar internet site
 Communicating with the Instructor and fellow Peers using e-mail and instant messaging
technology
Knowledge, Skills and Abilities Enhanced
At the completion of this course, the student can expect to see personal growth in the following
skill areas that relate directly to the accounting profession.

Active Listening — Giving full attention to what other people are saying, taking time
to understand the points being made, asking questions as appropriate, and not
interrupting at inappropriate times.

Reading Comprehension — Understanding written sentences and paragraphs in work
related documents.

Speaking — Talking to others to convey information effectively.

Critical Thinking — Using logic and reasoning to identify the strengths and
weaknesses of alternative solutions, conclusions or approaches to problems.
Southern State Community College
Curriculum Committee – April, 2015
ACCT 1102 – Principles of Managerial Accounting
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
Mathematics — Using mathematics to solve problems.

Monitoring — Monitoring/Assessing performance of yourself, other individuals, or
organizations to make improvements or take corrective action.

Time Management — Managing one's own time and the time of others.

Writing — Communicating effectively in writing as appropriate for the needs of the
audience.

Social Perceptiveness — Being aware of others' reactions and understanding why they
react as they do.
XIII. Other Information
Classroom Conduct
Civility in the classroom is very important. As professionals, we expect students to conduct
themselves in a courteous and respectful manner. Disruptive, rude, sarcastic, obscene or
disrespectful speech or behavior have a negative impact on everyone, and will not be
tolerated. Students need to remember that the online discussion boards and chat rooms in
the online courses are considered classrooms and the same rules apply. Students will use
these tools in the online classroom for information that pertains to the class; it is not to be
used for personal exchanges of a social nature. If you engage in any such conduct you will
be asked to leave and you will receive a “zero” for any work completed that day. The
instructor reserves the right to permanently remove a student from the class for
inappropriate conduct after consultation with the Department Coordinator and Academic
Dean.
FERPA
Students need to understand that your work may be seen by others. Others may see your
work when being distributed, during group project work, or if it is chosen for
demonstration purposes. Other instructors may also see your work during the
evaluation/feedback process. Students also need to know that there is a strong possibility
that your work may be submitted to other entities for the purpose of plagiarism checks.
DISABILITIES
Students with disabilities may contact the Disabilities Service Office, Central Campus, at
800-628-7722 or 937-393-3431.