Minnesota State University, Mankato
Department of Accounting and Business Law
Accounting 210
Managerial Accounting
Spring Semester, 2,001
Dr. Marilyn Okleshen
Morris Hall 225
389-5410
Email: marilyn.okleshen@mankato.msus.edu
Office Hours: M & W 10-11, 1-2 and by appointment
Textbook: Managerial Accounting, 4th edition, by Hilton, McGraw Hill Companies,
1999. Recommend: Study Guide to accompany textbook.
Course Description: Accounting 210, the second course in a two semester sequence in
introductory accounting is primarily focused in the study of cost accumulation for product
costing purposes and the use of accounting information by management for decision
making purposes. Both traditional and modern manufacturing and service organizations
and techniques are examined.
Learning Outcomes:
Students should describe, compare and contrast traditional and contemporary
management accounting systems.
Students should understand the different elements of cost in a business organization, how
costs flow in manufacturing firms, and how costs are used in planning, control and
decision making.
Students should identify and compare conventional costing systems and the newer
methods of product costing--Activity Based Costing and Just in Time manufacturing
systems.
Students should describe the difference between production and support departments and
the need for support department cost allocation.
Students should understand and analyze basic cost behavior patterns and analyze cost
volume profit relationships.
Students should describe the different types of budgeting, the components of a master
budget, and flexible budgets.
Students should understand the concepts of standards, variances and other quality
measures, and their use in manufacturing and service firms.
Students should describe and explain the concepts of responsibility accounting and
decentralization.
Students should understand the concept of differential costs and revenues and apply these
concepts to short run non routine decisions.
Students should understand the importance of capital budgeting and concepts underlying
strategic and capital investment decisions.
Students should describe and calculate the allocation of support department costs.
Course Policies
Always bring your textbook and a calculator to class. This course, as do all problem
oriented courses, requires that you keep up the daily homework assignments. Your
preparation, questions, and participation will be rewarded by increased speed and
efficiency on examinations
Attendance is required to successfully complete this course. It is a department policy that
absence of four hours of class time will result in a reduction of your final grade by one
full letter.
Quizzes are worth 5 points and the top ten scores will be counted toward your grade.
Homework assignments are due in the next class meeting after the date assigned on the
syllabus. Homework will be collected and graded three times during the semester.
Compile your homework in a notebook and bring it for grading to class on the scheduled
test days. Fifty points are awarded if you have completed all homework assignments.
Missing homework problems are counted as a one point deduction from the fifty points.
Two or three assignments will be given which are not derived from your textbook and
may require the use of a personal computer.
Tests will be given three times during the semester. The first two exams will be primarily
problem oriented but will include multiple choice and other problem formats. The final
exam will be multiple choice and comprehensive. It is each student’s responsibility to
arrange his/her schedule to eliminate any conflict with scheduled exam periods. Make-up
exams (for any reason) are to be taken in an essay/blue book format.
Quizzes will be given over each chapter. Quizzes are worth 5 points each, but only the
top ten quiz scores will be counted toward your grade.
Grades will be determined based on the total possible points earned during the semester.
90% = A, 80% = B, 70% = C, 60% = D.
Point Distribution
Two Exams
200
Final Exam
150
Homework
50
Quizzes
50
Assignments
30
Total
480 points
Office Hours are scheduled so that I am available to help you with assignments. Please
take advantage of this resource.
Every attempt will be made to accommodate qualified students with disabilities. If you
are a student with a documented disability, please see me as early in the semester as
possible to discuss necessary accommodations, and/or contact the Disability Service
Office at 507 389 2825 or 1 800 627 3529 (MRS/TTY)