ACCT 125, 125H (Honors) - MANAGERIAL ACCOUNTING –
Principles of Accounting II
Mt. San Jacinto College - Menifee Valley Campus
Sections 3433/4615, MW 8:00am-9:15pm, Rm. 969
Spring Semester, 2015
Associate Professor: David Candelaria, CPA, MST
OFFICE
Location: Room 962
Phone: 951-639-5522
Email: dcandelaria@msjc.edu
Office Hours: M 7:30-8:00am, 12:30-1:30pm, 6:00-7:00pm; W 7:30-8:00am, 12:30-1:30pm;
T 9:00-10:00am via Email; Or By Appointment
The best mode to contact me is via email. Include your name, course, and section number in the
subject line of your email (ie: John Doe, Acct 125, Section ____). Also include your name in the
body of your email message. During the email office hours described above, I should respond
quickly. I usually respond to emails outside the email office hours time frame within the same day
unless on weekends, which I usually check at least once. Regardless, I will respond to emails sent to
me M-Th within 24 hours, with an extra 24 hours allowed for holidays. I will respond to emails sent
to me F-Su within 72 hours, with an extra 24 hours allowed for weekday holidays. Emails are
expected to include proper Subject line information, proper punctuation, spelling, and grammar.
Emails received not following these expectations will be ignored.
INTRODUCTION
This course presents fundamental managerial accounting concepts and principles as used in business.
The "double entry system", "accrual" method of record keeping is the basic structure of accounting
as taught in this class. The student is introduced to accounting techniques applicable to corporate
entities such as manufacturing businesses, merchandising enterprises and service business entities.
The textbook has been organized to facilitate learning by presenting the concepts and principles in a
logical, step-by-step process. Learning is reinforced by using resource materials on the Internet.
Each chapter builds on the terminology, concepts and principles introduced in previous
chapters. It is important to understand each chapter thoroughly since it becomes the building
block for the next chapter. It is also important to keep up with the class.
Homework is designed as a practical illustration of the principles presented in the chapters. Learning
is best achieved by reading the material from the textbook and Internet resources, and by doing the
homework. It is very difficult to understand the accounting concepts without the "hands-on"
experience of doing the homework.
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COURSE OBJECTIVES
1. Illustrate the primary activities and information needs of managers and compare and contrast
financial and managerial accounting.
2. Illustrate various cost terms, concepts, and behaviors, and evaluate their relevancy for
different decision-making purposes.
3. Distinguish between product and period costs and prepare and evaluate a Schedule of Cost of
Goods Manufactured, Schedule of Cost of Goods Sold, and Income Statement.
4. Prepare traditional and contribution-margin income statements and define related terms.
5. Examine cost-volume-profit analysis, degree of operating leverage, and safety margin and
employ each as an analytical tool.
6. Compare and contrast the traditional types of product costing systems (including job-order
and process), illustrate the flow of costs in each, and prepare related accounting records and
reports.
7. Demonstrate the purposes of budgeting, prepare a master budget and its component
schedules, and relate the budget to planning and control.
8. Demonstrate the development and use of standard costs and flexible budgets, prepare and
interpret variance analysis reports and relate them to responsibility accounting and control.
9. Analyze the nature of and need for segment reporting and the relationship with cost, revenue,
profit, and investment centers; prepare and analyze related segment reports.
10. Compare and contrast absorption costing and variable costing, prepare income statements
using both methods, and reconcile the resulting net incomes.
11. Illustrate the nature of capital expenditure decisions and apply and evaluate various methods
used in making these decisions; including the time value of money.
12. Identify the ethical implications inherent in managerial accounting and reporting and be able
to apply strategies for addressing them.
COURSE LEARNING OUTCOMES
Course Learning Outcomes are the results of what you have learned in a course. They represent
essential knowledge and skills that you the student have attained as a result of your learning
experiences while taking the class.
1. Demonstrate the ability to identify and/or differentiate direct materials, direct labor, and
factory overhead costs.
2. Demonstrate the ability to journalize entries to materials inventory, work in process, and
finished goods.
3. Demonstrate the ability to calculate a plant wide predetermined factory overhead rate and
allocate overhead using that rate to work in process.
HONORS ADDENDUM
Students enrolled in the Honors section of the course will receive an addendum to this syllabus
within the first few weeks of class.
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TEXT AND MATERIALS
Financial and Managerial Accounting, Warren/Reeve/Duchac, Edition 12E, South-Western Cengage
Learning, bundled with access to CengageNOW. A description of the technology supplements
available with the text are listed and described in the beginning of the textbook.
The textbooks may be purchased online through the College bookstore at
http://eagleshop.msjc.edu/msjcme. You may also purchase the textbook bundle inside the campus
bookstore. I highly recommend purchasing through our bookstore to ensure proper textbook
materials. In the past, students have tried to save money by purchasing elsewhere only to find that
they have purchased the wrong text and materials and have had to spend more time and money to get
the proper materials. Recent history has shown that our bookstore package price has been very
competitive.
Students are required to supply their own calculators for exams. Cell phones will NOT be permitted
for use during tests and the instructor will NOT provide calculators.
HOMEWORK ON CENGAGENOW
Most of the homework will be completed in CengageNOW (NOW), the Web-based supplement that,
among other things, duplicates structures directly from the end-of-chapter material in your textbook.
You will be given instructions to access NOW in a document I will post in Blackboard. You are
required to access the website and register as a student using the access code bundled with your
textbook. It is imperative that each student complete this process before the end of the first week of
class to avoid potential disasters that can occur from not completing homework in a timely manner.
There are 3 “Takes” allowed for each assignment. You will able to print HW 1 and HW 2 before
taking them. I highly recommend each student do this so that you may work on the assignments
outside NOW and go back to enter and check your answers later. This has proven to be very helpful
to past students. You will notice on the Assignment Schedule and in NOW that the due dates are
staggered with no credit for late work. Also, you must complete HW 1 satisfactorily to get to HW 2
and HW 2 satisfactorily to get to HW 3 for each chapter. HW 1 and 2 will allow for 5 “Check My
Works” per problem. Experience has shown that students not completing homework timely
generally do not do well in this class. Accounting is learned with practice, not with simple
memorization.
There will be a Discussion Board forum set up in Blackboard to handle homework and course
questions. This is where you can ask your questions and let me know about any issues you find on
CengageNOW or in an assignment. This will make it possible for students and the instructor to help
each other. Any personal questions should be asked via email. Remember that we have tutoring
available at the Menifee campus too. Details are available in Blackboard.
GRADING POLICIES
You will be evaluated on homework exercises and problems assigned from the textbook and
CengageNOW, Internet research, and discussion group projects. Your final grade for accounting
will be determined by the number of points you earn on assignments, group projects, discussion
groups, and examinations.
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Irregular attendance will cause you to fall behind. Once you fall behind it will be very difficult to
catch up. After six hours of absence you may be dropped from the course. Late homework will
not be accepted unless special arrangements are made with the instructor prior to the due
date.
Examinations will be given on the dates indicated unless otherwise announced. All of the material
presented in the text, lectures, handouts, online, etc. is considered fair game for the tests. Tests may
consist of true/false, multiple choice, fill-in-the-blank, and problem-solving questions. No make-up
tests will be given except for special circumstances, which must be individually arranged with
the instructor prior to the test date. Class notes may be allowed for some tests.
POINTS AND LETTER GRADES
Total points available for the semester include:
NOW HW 1 – approx. 3 pts each chapter
NOW HW 2 – approx. 9 pts each chapter
NOW HW 3 – approx. 8 pts each chapter
Tests – approx. 80 pts per chapter
Approximate Total
39
117
104
960
1220 pts
To earn a letter grade for three semester units, you must accumulate a percentage of the total points
available according to the following:
90% to 100% = A
80% to 89.99% = B
70% to 79.99% = C 60% to 69.99% = D
Each student has access to Blackboard via http://my.msjc.edu. Instructions for access are available
at the site. Each student may access his/her own grade book that is available in the course’s
Blackboard site. Grades will generally be posted for homework and tests within seven working days
following the due date. While the online grade book function in Blackboard provides the student
quick access to assignment scores, etc., the official grade book is administered by the instructor.
Should a student see a discrepancy in the Blackboard online grade book, he/she should contact the
instructor immediately.
ASSIGNMENTS
The weekly assignment schedule outlines the textbook chapters to be studied and the assignment to
be completed by the student that week.
The student is expected to be prepared for each class, which includes, at the very least,
reading the chapter ahead of time and completing HW 1. Chapter handouts will assist in
following the lectures and will be available in Blackboard within a few days before coverage of
the chapter material begins. It is recommended that each student print a copy and bring it to
class. Periodic pop quizzes will be given and designed to check that students are prepared for
class.
The successful student will participate in class discussions, answer questions, complete all homework
assignments and tests, and demonstrate mastery of chapter learning objectives with a minimum of
70% accuracy.
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LEARNING ENVIRONMENT
All students are entitled to an environment that encourages learning. If a student behaves in a
manner that negatively affects other class members, he or she is guilty of disruptive behavior. Such
behavior will be dealt with in a manner consistent with school policy. When participating in
discussion boards, chat rooms, or e-mailing your classmates, students are expected to behave with
the same level of courtesy as in a face-to-face classroom. Obscene and other inappropriate messages
will result in dismissal from the class. Chain letters, forwarding jokes or other items that do not
pertain to the course are strictly prohibited.
DISABLED STUDENTS POLICY STATEMENT
Mt. San Jacinto College abides by the Americans with Disabilities Act and Section 504 of the
Rehabilitation Act of 1973 that prohibits federal and state agencies or programs from discriminating
against qualified individuals with disabilities. If you have a documented disability that limits a major
life activity which may have some impact on your work in this class and for which you may require
accommodations, please contact Disabled Students Programs and Services (DSP&S).
DSP&S is in the following locations: San Jacinto Campus – room #1112, Menifee Valley Campus #1019 or visit the DSP&S webpage at http://www.msjc.edu/dsps.
GENERAL POLICIES
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All assignments and examinations must be completed when due.
Late assignments and examinations may not be made up unless special arrangements are
made with the instructor.
Announcements of assignments for extra credit, etc. may be given. It is the student's
responsibility to attend classes and keep informed of such announcements and to check for
announcements in Blackboard.
Final examination is mandatory and attendance is required at final class meeting.
If student finds it necessary to drop the course, it is his/her responsibility to submit a drop
card to the Admissions Office.
Cheating/plagiarism is not allowed, discovery of which may result in student being dropped
from the class. Refer to the Student Code of Conduct presented in the MSJC general
catalog.
Pager and cell phone noise will not be tolerated.
Computers are available for student use in various locations on both the Menifee and San
Jacinto campuses. Ask your instructor for details. Student use of school computers must
meet the MSJC Acceptable Use Policy.
Each student is responsible for having his/her own calculator for exams. The calculator
available on the computers and on cell phones will not be allowed. No PDAs or other
electronic devices are allowed either.
Attendance Policy – After six hours of absence you may be dropped from the course.
Students are responsible for their own work. It is suggested that each student create a folder
containing all work completed, both a physical and an electronic folder.
Any problems encountered with the course in the Blackboard course management system
should be reported to the instructor immediately via email. If the problem is generic to
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Blackboard and not course specific, contact the Support Center. Details are posted in the
Blackboard Help navigation area in your Blackboard course shell.
No audio or video recording devices are allowed in the classroom without prior instructor
approval.
The instructor reserves the right to drop any student not obtaining the text and materials
within the first week of class and/or not completing Assignment Zero and/or either of the first
two chapters’ assignments by their respective due dates.
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