Intro to Managerial Accounting Spring 2012 Professor: Office Hours: Office: Phone: Fax: Email: Thomas Dyckman, Ph.D. Tuesday/Thursday 8:30 – 9:25AM and 1:00 – 3:30 PM (and by appointment) Lutgert Hall 4304 239 590‐1239 239 590‐7367 trd2@cornell.edu COURSE WEBSITE: Class: http://ruby.fgcu.edu/courses/jconreco/core2 Department: Accounting/Lutgert College of Business Credit Hours: Required Material: 3 Prerequisites: Grades CRN 10248 on T/TH from 9:30‐10:45 AM in LH‐2202 CNR 10247 on T/TH from 11:00‐12:15 PM in LH‐2202 Garrison, Noreen, & Brewer. Managerial Accounting, 14th Edition. Irwin McGraw‐Hill. ISBN 978007811100‐6 (EBOOK available for $75; see course website for directions); Course Packet (bookstore OR printable from course website); AND Texas Instruments BAII Plus calculator C grade or above in ACG 2021 Points Exams (3) 222, 225, 340 787 Quizzes (15 pts each, 4 highest used)* 60 Homework (9/11 lowest 2 dropped)* 153 Total 1000 Grading Scale A: 900 – 1000 points B: 800 – 899 points C: 700 – 799 points D: 600 – 699 points F: 599 points and below Final Points: A fractional point rounds up to a whole point in determining your final grade *After you submit your assignments in Angel, it is your responsibility to ensure the grade posted correctly in Angel. Any issue with an assignment needs to be addressed before the due date ends. Pre‐accounting majors need a “B” grade or better (800 ≥ points) in this course to enroll in Intermediate Financial Accounting 1 (ACG‐3103). All other Business majors need a “C” grade or better (700 ≥ points) in this course as a business core requirement. Note: Please review the grading scale carefully. The class is based on 1000 POINTS not percentages. The cutoff for an A is 900 points; therefore, 899 points is NOT an A, it is a B. The cutoff for a B is 800 points, therefore, 799 points is NOT a B, it is a C…and lastly, to pass the class with a C you need a minimum of 700 points…NO EXCEPTIONS AND NO EXTRA CREDIT. 1
Exams If you cannot make a scheduled exam, notify the instructor immediately to make arrangements for taking the exam. If you encounter a severe hardship (medical or other) that interferes with the scheduled exam, proper validation (doctor note, etc.) is necessary to be allowed to take the exam at a later date. The instructor reserves the right to deny late exams. You may use a non‐programmable calculator (which includes the TI BAII Plus) on the exam. No other material/items are allowed during testing (such as cell phones, electronic organizers, scrap paper, etc.) unless provided to you by the instructor. Quizzes Quizzes will be given in Angel over the semester (6 quizzes, 15 points each, total quiz points available: 60 points—lowest two attempted quiz grades are dropped). Quizzes are timed and are NOT open book. Homework (available in the course packet) Homework questions relate to problems at the end of each chapter. SUBMIT YOUR ANSWERS AT LEAST ONCE THE BEFORE CLASS IN WHICH IT IS DUE. Submit your homework answers on ANGEL before 11:55PM on the due date. You have three (3) chances to submit your homework answers in Angel. Your grade is based on your highest submission (17 points possible). The lowest (2) homework grades will be dropped in determining your overall course grade. (Total homework points available: 153 points). Zeros on homework due to not submitting your answers will NOT be dropped in determining your grade; only attempted homework lowest scores will be dropped. The homework assignments are designed to help the student apply course content and to prepare for the exam. You may work together on the assignments; however, you are responsible for completing your own assignments and submitting your answers on time. AFTER you have submitted your answers you are required to check your points in Angel to ensure the assignments were included in your overall grade. You can check your score in Angel under the Report Tab. Any issues should be communicated to the instructor immediately (before the due date ends). Why drop two lowest homework/quiz grades? Because life happens; sometimes things outside your control prevent you from studying as much as needed. We expect you to submit all of your assignments on time. Zeros on assignments from not attempting them will NOT be dropped in determining your grade. ANGEL SUBMISSIONS https://elearning.fgcu.edu Keep in mind your answers are submitted on ANGEL (computer/internet based); please give yourself enough time to post your answers and allow time for computer/internet issues. Study Questions Included in the course packet are study questions (solutions for each chapter are available at the course website). You are encouraged to work through them on your own to increase your understanding of the material. Attendance In order for you to get value out of this class, regular and dedicated attendance is expected. Class Preparation Read the chapter and attempt the homework before class. Ask questions. Take notes. Work though the study questions. Stay on top of the material. Studying for the exam starts at the beginning of the semester/chapter, not right before the exam. Bring the following to each class: course packet (except 2
on exam days), calculator, pen/pencil, and your happy self. You will succeed if you accept responsibility for your learning. In fulfillment of your responsibility, you must develop and utilize the necessary study skills to learn the course material and complete all course requirements. Teaching Goal Teaching is an active, collaborative process between student and instructor. The instructor’s role is to clarify and summarize course material, presenting views of the information to which you can relate. The instructor will also summarize relevant material to reinforce course concepts, and provide timely feedback. ACG‐2071 Course Objectives Intro to Managerial Accounting focuses on managerial decision making and information needs of managers. Topics include cost terms, variable and absorption costing, activity based costing, break‐even analysis, target profit analysis, contribution margin analysis, budgeting, analyzing variances in budgeting, and capital budgeting. This course introduces the student to managerial concepts and decision making methodologies to be used in ACG‐3341 and FIN‐3403. It also supports the content covered in the ETS exam used to assess the BS degree program for the college of business. LCOB Learning LCOB Learning Objective Course Learning Objective (LO) Assessment Goal 1. Interpret managerial accounting Homework, 1. Understand main concepts & Have quizzes vocabulary in order to solve definitions in accounting, economics, interdisciplinary and/or diverse business problems. finance, information systems, business exams management, marketing, and KNOWLEDGE operations management. Homework, Solve business problems using 2. Apply managerial accounting Be effective quizzes analytical tools. techniques used to provide PROBLEM and/or management with information SOLVERS. exams for planning, controlling, and making decisions to solve diverse problems. Homework, Solve business problems using 3. Analyze and synthesize data to Be effective analytical tools. develop conclusions for managers quizzes PROBLEM in using budgets, product costing and/or SOLVERS. exams systems, & capital investment plans. Homework, Solve business problems using 4. Organize data into forms Be effective quizzes analytical tools. appropriate for non‐routine PROBLEM managerial analysis and decision and/or SOLVERS. exams making in diverse business environments. When assessing the LOs above, if a student answers correctly 100 – 85% of the questions used to assess the LO then the student exceeds expectations; if 84 – 70% they meet the expectations; and if they achieve less than 70% they are below expectations. Departmental Policies: 1. CALCULATOR. Texas Instruments BA II PLUS. NOTE: The required calculator is the only electronic device allowed to be used during class. USE OF ALL OTHER 3
ELECTRONIC DEVICES (phones, laptop computers. etc.) is PROHIBITED DURING CLASS. 2. The schedules for the departmental courses offered (information on semester, day/night, other) are at: ACG, TAX, and BUL (BS) ‐ http://www.fgcu.edu/cob/acg/acg_annual.pdf FIN (including ECO 3101) and REE (BS) ‐ http://www.fgcu.edu/cob/fin/fin_annual.pdf ACG, TAX, and BUL (MS) ‐ http://www.fgcu.edu/cob/msacg/grad_acg_annual.pdf Planning for pre‐registration and graduation is your responsibility. The above schedules and LCOB advisors, along with the course prerequisite sequences described in the FGCU Catalog and degree program sheets, should assist you in ensuring that your plans are successfully implemented. Course substitutions and prerequisite exceptions will be granted only for exceptional circumstances that are clearly beyond the student's control. Poor or lack of planning is not one of those circumstances. Applicable University Resources: 1. ONLINE. Florida Gulf Coast University Catalog http://www.fgcu.edu/catalog/ 2. ONLINE. Florida Gulf Coast University Student Guide Book http://studentservices.fgcu.edu/JudicialAffairs/ 3. ONLINE. Florida Gulf Coast University Code of Conduct http://studentservices.fgcu.edu/JudicialAffairs/ University Statements: Academic Behavior Standards and Academic Dishonesty All students are expected to demonstrate honesty in their academic pursuits. The university policies regarding issues of honesty can be found in the FGCU Student Guidebook under the Student Code of Conduct and Policies and Procedures sections. All students are expected to study this document which outlines their responsibilities and consequences for violations of the policy. The FGCU Student Guidebook is available online at http://studentservices.fgcu.edu/judicialaffairs/new.html Disability Accommodations Services Florida Gulf Coast University, in accordance with the Americans with Disabilities Act and the university’s guiding principles, will provide classroom and academic accommodations to students with documented disabilities. If you need to request an accommodation in this class due to a disability, or you suspect that your academic performance is affected by a disability, please contact the Office of Adaptive Services. The Office of Adaptive Services is located in Howard Hall 137. The phone number is 239‐590‐7956 or TTY 239‐590‐7930. Student Observance of Religious Holidays All students at Florida Gulf Coast University have a right to expect that the University will reasonably accommodate their religious observances, practices, and beliefs. Students, upon prior notification to their instructors, shall be excused from class or other scheduled academic activity to observe a religious holy day of their faith. Students shall be permitted a reasonable amount of time to make up the material or activities covered in their absence. Students shall not be penalized due to absence from class or other scheduled academic activity because of religious observances. Where practicable, major examinations, major assignments, and University ceremonies will not be scheduled on a major religious holy day. A student who is to be excused from class for a religious observance is not required to provide a second party certification of the reason for the absence. Center for Academic Achievement The Center for Academic Achievement (CAA) provides academic support services to all FGCU students. Students can take advantage of our free peer tutoring and Supplemental Instruction sessions for lower‐level math and science courses, as well as workshops to facilitate the development of skills necessary for college success. If you would like to participate in any of our programs, learn about tutoring services, or meet with an Academic Retention Coordinator, please visit the CAA in Library 103 or call us at (239) 590‐7906. Our website is www.fgcu.edu/caa. 4
Tentative Course Schedule (subject to change)… It is your responsibility to keep updated on changes to the syllabus. Topic Date Reading Assignments/EXAMS 1 2 3 4 10‐Jan Introduction to course (assign seats) Chapter 1: Managerial Accounting: An Overview 12‐Jan Chapter 2: Managerial Accounting and Cost Concepts 17‐Jan Chapter 2 continued PAYMENT DEADLINE—MAKE SURE YOUR PAYMENT HAS BEEN POSTED OTHERWISE YOU WILL BE DROPPED FROM ANGEL 19‐Jan Chapter 2 continued Read syllabus and chapter 1 (pp. 1 ‐19) Read chapter 2 (pp 24 – 49) Chapter 1 homework due 5 24‐Jan Finish Chapter 2 Chapter 3: Job Order Costing 6 26‐Jan Chapter 3 continued Read chapter 3 (pp 83 – 111) Chapter 2 homework due Quiz 1 (ch2) due 7 31‐Jan Finish Chapter 3 Chapter 4: Process Costing 2‐Feb Continued Chapter 4 Read chapter 4 (pp 141 – 156) Chapter 3 homework due Quiz 2 (ch3) due 9 7‐Feb Finish chapter 4 Chapter 5: Cost‐Volume‐Profit Relationships 10 9‐Feb Chapter 5 continued Read chapter 5 (pp 183 – 210) Chapter 4 homework due Quiz 3 (ch4) due on 2/10 8 11 14‐Feb EXAM 1 (Chapters 1 – 4) 225 points 12 16‐Feb Review exam Finish Chapter 5 13 21‐Feb Chapter 6: Variable Costing & Segment Reports: Tools for Management 14 23‐Feb Chapter 6 continued 15 28‐Feb Finish chapter 6, Chapter 7: Activity‐Based Costing: A Tool to Aid Decision Making 16 1‐Mar Chapter 7 continued Read chapter 7 (pp 272 – 301) Chapter 6 homework due Quiz 4 (ch 5 & 6) due Chapter 5 homework due Read chapter 6 (pp 229‐252) 6‐Mar Spring Break 8‐Mar Spring Break 17 13‐Mar Finish chapter 7 Chapter 7 homework due 18 15‐Mar Chapter 8: Profit Planning Read chapter 8 (pp 335 – 361) 19 20‐Mar Chapter 8 continued 5
20 22‐Mar Finish chapter 8 Chapter 8 homework due Quiz 5 (ch 7 & 8) due 23‐Mar LAST DAY TO DROP 21 27‐Mar EXAM 2 (Chapters 5 – 8) 225 points 22 29‐Mar Review exam Chapter 10: Standard Costs and Variances 23 3‐Apr Chapter 10 continued Read chapter 10 (pp 418 – 444) 24 5‐Apr Finish chapter 10 Chapter 12: Differential Analysis: The Key to Decision Making 25 10‐Apr Chapter 12 continued Read Chapter 12 (pp. 527 – 554) Chapter 10 homework due 26 12‐Apr Finish chapter 12 Chapter 13: Capital Budgeting Decisions 27 17‐Apr Chapter 13 continued Read chapter 13 (pp 579 – 605) Chapter 12 homework due Quiz 6 (ch 10 & 12) due 28 19‐Apr Finish Chapter 13 Chapter 13 homework due FINAL EXAM (chapters 10, 12, 13 & Comprehensive) 340 points CRN10247 Tues 4/24 @ 10:30AM CRN10248 Tues 4/26 @ 7:30AM See following page for due date grid. 6
Class # 1 2 DAY Tuesday Thursday 3 TUESDAY 4 5 6 7 8 9 10 11 12 13 14 Thursday Tuesday Thursday Tuesday Thursday Tuesday Thursday Tuesday Thursday Tuesday Thursday 15 Tuesday 16 17 18 19 Thursday Tuesday Thursday Tuesday Thursday Tuesday 20 Thursday 21 22 23 24 25 FRIDAY Tuesday Thursday Tuesday Thursday Tuesday 26 Thursday 27 28 Tuesday Thursday 29 Spring 2012 Tentative Calendar of Due Dates and Exams Date Assignment due date 10‐Jan 12‐Jan Chapter 1 homework 17‐Jan PAYMENT DEADLINE—MAKE SURE YOUR PAYMENT HAS BEEN POSTED OTHERWISE YOU WILL BE DROPPED FROM ANGEL 19‐Jan 24‐Jan Chapter 2 homework 26‐Jan Quiz 1 (chapter 2) 31‐Jan Chapter 3 homework 2‐Feb Quiz 2 (chapter 3) 7‐Feb Chapter 4 homework 9‐Feb Quiz 3 (chapter 4) 14‐Feb Exam 1 16‐Feb Chapter 5 homework 21‐Feb 23‐Feb Chapter 6 homework 28‐Feb Quiz 4 (chapters 5 & 6) 1‐Mar 6‐Mar Spring Break 8‐Mar Spring Break 13‐Mar Chapter 7 homework 15‐Mar 20‐Mar Chapter 8 homework 22‐Mar Quiz 5 (chapters 7 & 8) 23‐Mar LAST DAY TO DROP 27‐Mar Exam 2 29‐Mar 3‐Apr 5‐Apr Chapter 10 homework 10‐Apr Chapter 12 homework 12‐Apr Quiz 6 (chapters 10 & 12) 17‐Apr 19‐Apr Chapter 13 homework Final Exam CRN10247 Tues 4/24 @ 10:30AM CRN10248 Tues 4/26 @ 7:30AM 7