BUS 220: Managerial Accounting
Course Syllabus
Spring Semester 2007
2:45-4:00 PM, M / W
BUS 220 – Managerial Accounting
Instructor Contact Information
Instructor:
Randy Hoffman, CPA, CMA
Email:
rd.hoffman@adelphia.net
Phone:
(805) 910-9448
Prerequisites
BUS 103 and 104, MAT 102, 105, or 106.
Required Materials
Text Book:
Introduction to Managerial Accounting, 3rd Edition
Authors: Brewer, Garrison & Noreen.
Publisher’s site:
http://highered.mcgraw-hill.com/sites/ 0073048836/
student_view0/index.html
Calculator:
Business calculator with present value functions
Course Description
BUS 220 continues the exploration of accounting principles and introduces the concepts
of: reporting to internal users, accounting as an information processing system and
analyzing relevant costs for planning, control, and decision making. Topics include: job
order costing, activity based costing, budgeting, and cost-volume-profit relationships.
Course Objectives
This is a required course for the Bachelor of Arts in Business. An understanding of
managerial accounting and its uses in solving problems and the impact those solutions on
an organization’s financial statements is essential for all business students.
The objective of this course is to provide students with a basic knowledge and
understanding of managerial accounting concepts. After completing this course, students
should have the ability to utilize accounting data to solve common business management
problems and understand the impact of decisions on both internal and external financial
statements.
University of Judaism
BUS 220 Syllabus
Spring 2007
Instructor: Hoffman
Learning Objectives
Students who successfully complete this course will be able to:
•
Understand how individuals within an organization direct and control the
organization’s operations concerning accounting and financial information.
•
Prepare and analyze a variety of business reports.
•
Explain in writing and in oral reports the relevance of accounting data to
managerial tasks.
•
Provide the necessary supporting data and analyses to assist managers in
identifying, conceptualizing, and developing solutions for the complex and
critical decisions management must face.
•
Communicate logical, reasoned business information to support conclusions about
relevant data and analyses, business ethics, etc., through discussion, writing and
oral presentations.
Course Policies & Guidelines
• Attendance, Class Preparation, Homework & Quizzes
A significant portion of the learning process is the in class discussion of assigned
problems, reading assignments and case studies. In order to have meaningful discussions
it is essential that you complete the assigned reading and homework problems prior to
class. Homework assignments will usually be collected at the end of each class session--only partial credit, if any, will be given if homework is turned in late.
During class students maybe randomly called upon to explain chapter topics, answer
questions and present problem solutions. Generally, there will be chapter-by-chapter
quizzes that cannot be made-up.
• Grading & Exam Policy
Grades will be assigned on an ABCDF basis with the use of +/- and earned based upon
the following percentage of points achieved:
94% + : A
93 – 90% : A89–87% : B+
86–84%: B
83–80%: B79-77%: C+
76-74%: C
73-70%: C69-60%: D
2
Below 60%: F
University of Judaism
BUS 220 Syllabus
Spring 2007
Instructor: Hoffman
Points will be earned through:
1.
2.
3.
4.
5.
6.
Two Mid-Term Exams
Final Exam
Quizzes (approx 11 @ 20 points each)
Homework collection (approx. 11 + 3 reviews/20 points each)
Comprehensive Case Analysis
Class Participation
600
33.3%
400
22.2%
220
12.2%
280 15.6%
100
5.5%
200
11.2%
_____ ______
Total Points: 1,800 100.0%
• Exam Policy
Unless specifically excluded by the instructor, students are responsible for all textbook
material covered, assigned outside readings and material discussed in class. Exams will
consist primarily of problems, short answer, multiple-choice and fill-in-the-blank
questions. There will be no make up exams. If you miss an exam the weighting will be
reallocated to your final exam.
• Extra Credit Opportunity
For each of the 11 chapters covered the publisher provides an online quiz. For each
online quiz a student completes and submits on a timely basis 5 extra credit points will be
awarded. The completed quiz must be submitted to the instructor as a printed copy no
later than the last day a chapter is completed and should include the student’s name and
section. Should a student complete at least 10 of the 11 extra credit assignments then a
total of 75 extra credit points will be awarded. Should less than 10 assignments be
completed the student will receive 5 points for each timely submission up to a maximum
of 45 points. Note: 75 extra credit points could raise a student’s grade substantially
given it represents more than 4% of the total possible points.
• Ethics & Professionalism
It is expected that all students will conduct themselves in a professional and ethical
manner. All work that a student submits for grading must be original work; ideas of
others included in a paper must clearly identify the source. Word-for-word language
taken from other sources must be placed in quotes and footnoted. Cheating or plagiarism
will subject the student to the university’s disciplinary process as defined in its Policies &
Regulations.
• Changes & Additions Policy
Throughout the semester additional reading materials, cases, current events, etc. will be
assigned. For your convenience the syllabus will be updated as needed and distributed in
class.
3
University of Judaism
BUS 220 Syllabus
Spring 2007
Instructor: Hoffman
University of Judaism
BUS 220: Managerial Accounting
Course Syllabus
Spring Semester 2007
2:45-4:00 PM, M / W
Course Outline
Mon, Jan 15
• Holiday: Martin Luther King Birthday---No class
Wed, Jan. 17
• Introduction & Review
• Diagnostic Test (Are you ready for Bus 220?)
Mon, Jan. 22:
• Intro to Managerial Accounting, 3rd edition
• Chapter 1: Cost Concepts
• Homework Due: Exercises 1-1 through 1-14 & Problem 1-21
Wed, Jan. 24
• Intro to Managerial Accounting, 3rd edition
• Chapter 2: System Design—Job Order Costing
• Homework Due: Exercises 2-1 through 2-15
Mon, Jan. 29
• Intro to Managerial Accounting, 3rd edition
• Chapter 2: System Design—Job Order Costing
• Homework Due: Exercises 2-17, 2-18 & Problem 2-24
Wed, Jan. 31
• Intro to Managerial Accounting, 3rd edition
• Chapter 3: System Design—Activity Based Costing
• Homework Due: Exercises 3-2, 3-3, 3-4, 3-5, 3-7, 3-8, 3-9, 3-10
Problem 3-12
4
University of Judaism
BUS 220 Syllabus
Spring 2007
Instructor: Hoffman
Mon, Feb. 5
• Intro to Managerial Accounting, 3rd edition
• Chapter 3: System Design—Activity Based Costing
• Homework Due: Problems 3-13, 3-15
Wed, Feb. 7
• Intro to Managerial Accounting, 3rd edition
• Chapter 5: Cost Behavior
• Homework Due: Exercises 5-1 through 5-9 & Problem 5-10
Mon, Feb. 12
• Intro to Managerial Accounting, 3rd edition
• Chapter 5: Cost Behavior
• Homework Due: Problems 5-11, 5-14, 5-15
Wed, Feb. 14
• EXAM I: Chapters 1-3, 5
Mon, Feb. 19
• Holiday: Presidents’ Day---No class
Wed, Feb. 21
• Intro to Managerial Accounting, 3rd edition
• Chapter 6: Cost-Volume-Profit Relationships
• Homework Due: Exercises 6-1 through 6-10
Mon, Feb 26
• Intro to Managerial Accounting, 3rd edition
• Chapter 6: Cost-Volume-Profit Relationships
• Homework Due: Exercises 6-11 through 6-15 & Problem 6-22
Wed, Feb. 28
• Intro to Managerial Accounting, 3rd edition
• Chapter 7: Profit Planning
• Homework Due: Exercises 7-1 through 7-15
5
University of Judaism
BUS 220 Syllabus
Spring 2007
Instructor: Hoffman
Mon, Mar. 5
• Intro to Managerial Accounting, 3rd edition
• Chapter 8: Standard Costs
• Homework Due: Exercises 8-1 through 8-10
Wed, Mar. 7
• Intro to Managerial Accounting, 3rd edition
• Chapter 8: Standard Costs
• Homework Due: Exercise 8-11 & Problems 8-12, 8-13
Mon, Mar. 12
• Intro to Managerial Accounting, 3rd edition
• Chapter 9: Flexible Budgets & Overhead Analysis
• Homework Due: Exercises 9-1 through 9-10
Wed, Mar. 14
• Intro to Managerial Accounting, 3rd edition
• Chapter 9: Flexible Budgets & Overhead Analysis
• Homework Due: Exercises 9-11 through 9-15 & Problem 9-22
Mon, Mar. 19
• Intro to Managerial Accounting, 3rd edition
• Chapter 11: Relevant Costs for Decision-Making
• Homework Due: Exercises 11-1 through 11-11
Wed, Mar. 21
• Intro to Managerial Accounting, 3rd edition
• Chapter 11: Relevant Costs for Decision-Making
• Homework Due: Problems 11-12, 11-13, 11-14
Mon, Mar. 26
• Review for EXAM II: Chapters 6 – 9 & 11 / Make – Up
Wed, Mar. 28
• EXAM II: Chapters 6 – 9 & 11
6
University of Judaism
BUS 220 Syllabus
Spring 2007
Mon, Apr. 2
• Spring Break: No class
Wed, Apr. 4
• Spring Break: No class
Mon, Apr. 9
• Spring Break: No class
Wed, Apr. 11
• Spring Break: No class
Mon, Apr. 16
• Intro to Managerial Accounting, 3rd edition
• Comprehensive Case Analysis Due
• Chapter & Case to be determined
Wed, Apr. 18
• Intro to Managerial Accounting, 3rd edition
• Chapter 12: Capital Budgeting Decisions
• Homework Due: Exercises 12-1 through 12-11
Mon, Apr. 23
• Intro to Managerial Accounting, 3rd edition
• Chapter 12: Capital Budgeting Decisions
• Homework Due: Problems 12-12, 12-16
Wed, Apr. 25
• Intro to Managerial Accounting, 3rd edition
• Chapter 13: Statement of Cash Flows
• Homework Due: Exercises 13-1 through 13-7, 13-9
7
Instructor: Hoffman
University of Judaism
BUS 220 Syllabus
Spring 2007
Mon, Apr 30
• Intro to Managerial Accounting, 3rd edition
• Chapter 13: Statement of Cash Flows
• Homework Due: Exercises 13-1 through 13-7, 13-9
Wed, May 2
• Intro to Managerial Accounting, 3rd edition
• Chapter 13: Statement of Cash Flows
• Homework Due: Problems 13-11, 13-12, 13-14
Mon, May 7
• Review for FINAL EXAM: Chapters 3, 5, 6 & 8
Wed, May 9
• Review for FINAL EXAM: Chapters 11, 12 & 13
Mon, May 14
• FINAL EXAM
Top 10 Signs Your Accountant is Nuts - © David Letterman.
10. In several places on your tax forms, he’s written, "Give or take a million dollars."
9. Tells you to put all your money into British cattle futures.
8. You notice that his "calculator" is just a broken VCR remote.
7. Insists that there is no such number as four.
6. He lets you list your imaginary friend as a dependent.
5. Counts family of squirrels living in your yard as dependents.
4. Advises to save you postage by filing your taxes telepathically.
3. Instead of a CPA license, he’s got a framed photo of a shirtless Alex Trebek.
2. Demands that you call "Una-countant."
1. He’s got a 1040 form tattooed on his backside.
8
Instructor: Hoffman