Heartland Community College
Social and Business Sciences
Course Syllabus for Students for Fall 2008
Course Prefix and Number: ACCT 201
Course Title: Managerial Accounting
Credit Hours: 4
Lecture Hours: 4
Laboratory Hours: 0
Days and times the course meets:
ACCT 201-01 – 11:00PM-12:50PM – M,W
ACCT 201-02 - 2:00PM - 3:50PM - T,R
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Introduction: Managerial Accounting is significantly different than Financial
Accounting in terms of how topics are covered. Financial Accounting involved many
journal entries for several topics per chapter. Managerial Accounting has usually 1 topic
per chapter. Most students enjoy the difference in pace. Both require(d) doing your
homework to understand the topics.
Catalog Description:
This course offers students a full semester of managerial accounting. It presents
accounting as a system of producing information for use in internally managing a
business. The course emphasizes the identification, accumulation, and interpretation of
information for planning, controlling, and evaluating the performance of the separate
components of a business. Included is the identification and measurement of the cost of
producing goods or services and how to analyze and control these costs. Decision models
commonly used in making specific short-term and long-term business decisions are also
included. Prerequisite: ACCT 200 or equivalent.
Instructor Information:
Terry Mullin, MS in Accounting, MBA,.MS in Information Systems, EdD-ABD.
Office location: SCB 2303
Office phone (CJ Wissmiller, Division Sec):
(309) 268-8595
E-Mail: terry.mullin@heartland.edu
Office hours: 10:00-11:00 pm, M, W
4:00-5:00 pm T, R
Before and After Class and other times by appointment.
Textbook:
Required:
Garrison, Ray H. Managerial Accounting, Boston, MA. Irwin.
12th edition, ISBN: 0073203068
Publisher’s Website: http://www.mhhe.com
Relationship to Academic Development Programs and Transfer:
(Indicate if course is General Education/IAI)
ACCT 201 fulfills 4 semester hours of elective credit for the A.A., A.S. or A.A.S.
degrees. It should transfer to most colleges and universities as an elective course.
However, since it is not part of the General Education Core Curriculum described in the
Illinois Articulation Initiative, students should check with an academic advisor for
information about its transferability to other institutions. ACCT 201 should articulate as
the equivalent of the IAI baccalaureate major course.
BUS 904 Managerial Accounting. Refer to the IAI web page for information as well at
www.itransfer.org
Beliefs:
Academic Discipline:
Managerial accounting focuses on the financial information needed by managers
to carry out the planning, controlling, organizing, and directing, and decisionmaking functions of an organization. Accounting information is often a key factor
in analyzing alternative methods of solving business problems. An understanding
of managerial accounting concepts and procedures is essential for all business and
accounting students.
Student Learning:
The classroom procedure followed throughout the course will be a combination of
lecture, problem discussions and demonstrations, case study review, and group
work. Student participation in all aspects of the course are essential for success.
Students are expected to read the materials assigned before each class, to review
materials provided before completing corresponding assignment(s), and for
preparing for scheduled quizzes and examinations. Consistent class attendance
and participation is critical in the learning process since accounting knowledge
tends to be cumulative in nature.
Instructor’s Role:
The ultimate responsibility for learning belongs to the student. It is the instructors
role to direct this learning process. Lectures will review the concepts and
applications of accounting procedures presented in the text. Homework problems,
case studies, computer assignments, and group work will be used in class to
reinforce these concepts and applications.
Course Objectives (Learning Outcomes):
Learning Outcomes:
Upon completion of this course, students will be able to:
1.
Understand the role of managerial accounting plays in planning, control,
and decision-making activities.
2.
Apply basic managerial accounting concepts and theory to specific topics
of study in the course.
3.
Utilize the basic process used to measure, record, and report sales,
inventory, and cost of goods sold for a manufacturing firm.
4.
Analyze cost by behavior and demonstrate decision-making skills using
various methods of cost analysis.
5.
Prepare various budgets and cash flow analysis statements and show a
comprehensive knowledge of the uses of these statements in basic
financial planning and control activities of an organization.
6.
Apply present value and income tax considerations to basic capital
budgeting situations.
7.
Understand of how the computer can be utilized to assist in the record
keeping aspects of an accounting system.
8.
Understand of how the computer can use electronic spreadsheets to assist
in problem solving situations.
9.
Develop the basic accounting knowledge and decision making skills
necessary for more advanced courses in accounting and business.
Course Outline:
1.
2.
3.
4.
5.
6.
7.
8.
Introduction to Managerial Accounting and Cost Concepts
Job Order Costing
Cost Behavior and Analysis
Budgets and Profit Planning
Standard Costs and Variance Analysis
Statement of Cash Flows
Relevant Costs for Decision Making
Capital Budgeting
Methods of Instruction:
Description of the Learning Format:
1.
Attend lectures and participate in class discussions!
2.
Read and review all assigned material prior to class.
3.
Attempt all assigned homework problems/exercises prior to class. After
the assignments have been discussed in class, review the
problems/exercises and complete all aspects of the assignment for future
reference.
4.
5.
6.
7.
Complete all computer lab exercises as assigned. These assignments will
require students to use the computer lab outside of normal class time.
Prepare for all class activities.
Take quizzes and exams based on material covered or assigned.
Ask questions!!!
Course Policies:
Method of Evaluation:
Grading System:
Course grades will be determined by total points accumulated during the
semester. Points will be assigned as follows:
Homework (10 assignments) .................... 100 points
Hourly exams (4) ...................................... 400 points
Comprehensive final exam ....................... 150 points
Total points possible ................................. 650 points
Grading Scale:
The grading scale used to determine the course grade will be:
A = 90%-l00%
D = 60%-69%
B = 80%-89%
F = Less than 60%
C = 70%-79%
Participation (or Attendance):
All students are expected to attend class on a regular basis. Consistent class
attendance and participation is critical in the learning process since accounting
knowledge tends to be cumulative in nature.
Incompletes: Department policy will be followed for incompletes.
Extra Credit: No extra credit is available for this course
Make-up of tests and assignments:
Students will be allowed to use battery/solar operated calculators during
examinations. Students are responsible for completing exams within the
allotted time period in case of calculator failure.
Quizzes will be given throughout the course. Most of the quizzes will be
announced in the class period prior to the quiz, however, some of the quizzes
may be unannounced. Since quizzes are for assessment purposes only,
***NO MAKE UP QUIZZES WILL BE GIVEN, NO EXCEPTIONS.***
Examinations will consist of problems, much like those assigned in each chapter,
as well as multiple choice, true-false, and/or essay questions which are included to
test your conceptual understanding of the material.
***
MAKEUP EXAMS WILL BE GIVEN ONLY IF ARRANGED IN
ADVANCE UNLESS SEVERE, EXTENUATING
CIRCUMSTANCES CAN BE DOCUMENTED. ***
NOTE: All make-up exams must be completed no later than the Friday before
Finals Week!
Anyone who removes an exam, in part or in total, from the classroom at anytime
will be given a grade of “F” for the course. Reproduction of the contents of the
exam by any process will result in your receiving a grade of “F” for the course.
Deadlines: All homework is to be completed on time. Homework for credit will be
randomly collected. You must be in class to receive homework points. Late
homework will not be accepted.
Required Writing and Reading:
The reading materials required are designed to provide the basis for the
study of managerial accounting. We will not necessarily discuss all of the
information contained in the daily reading assignments. Students will be
responsible for all information presented in required reading material.
Computer assignments will be required throughout the course. The
assignments are designed to introduce the student to practical computer
applications as they relate to managerial accounting. Cases and
“communication skills exercises” will be assigned throughout the course.
The cases/exercises will provide business background and financial
information as they related to a management decision-making situation.
The written response to the case/exercises will require the student to
integrate concepts and decision-making skills from that chapter to arrive at
a decision and/or discussion of the concepts involved.
Additional Policies of the instructor. Students need to hyperlink to the policies, print
out the form at the bottom of the policies, then sign and return that form at the next
class period.
Academic Integrity and Plagiarism
Academic Integrity
Academic integrity is a fundamental principle of collegial life at Heartland Community
College and is essential to the credibility of the College’s educational programs.
Moreover, because grading may be competitive, students who misrepresent their
academic work violate the right of their fellow students. The College, therefore, views
any act of academic dishonest as a serious offense requiring disciplinary measures,
including course failure, suspension, and even expulsion from the College. In addition, an
act of academic dishonesty may have unforeseen effects far beyond any officially
imposed penalties.
Violations of academic integrity include, but are not limited to cheating, aiding or
suborning cheating or other acts of academic dishonesty, plagiarism, misrepresentation of
data, falsification of academic records or documents and unauthorized access to
computerized academic or administrative records or systems. Definitions of these
violations may be found in the college catalog.
Plagiarism
Plagiarism is the presenting -of others’ ideas as if they were your own. When you write a
paper, create a project, do a presentation or create anything original, it is assumed that all
the work, except for that which is attributed to another author or creator, is your own.
Plagiarism is considered a serious academic offense and may take the following forms:
1.
Copying word-for-word from another source and not giving that source
credit.
2.
Paraphrasing the work of another and not giving that source credit.
3.
Adopting a particularly apt phrase as your own
4.
Using an image or a copy of an image without crediting its source
5.
Paraphrasing someone else’s line of thinking in the development of a topic
as if it were your own.
6.
Receiving excessive help from a friend or elsewhere, or using another
project as if it were your own.
Note that word-for-word copying is not the only form of plagiarism.
The penalties for plagiarism may be severe, ranging from failure on the particular
piece of work, failure in the course or expulsion from school in extreme cases.
[Adapted from the Modem Language Association’s MLA Handbook for Writers of
Research Papers. New York: MLA, 1995: 26]
Student Services:
Library
The Library, located in the Student Commons Buildings at the Raab Road campus,
provides Heartland students with a full range of resources including books, online journal
databases, videos, newspapers, periodicals, reserves, and interlibrary loan. Librarians are
available to assist in locating information. For more information, please call the Library
(309) 268-8200 or (309) 268-8292
Testing Center
The Testing Center provides a quiet environment for students to complete make-up
exams, online exams, and exams for students with special accommodations. Students
may be able to complete exams in the Testing Center if arrangements are made with their
instructor. For more information, contact the Testing Center at (309) 268-8231.
Heartland Community College offers tutoring in various forms at not cost to Heartland
students at the Academic Support Center (ASC) in Normal and at the Pontiac and Lincoln
Centers. Tutors are available at convenient times throughout the week. Study groups,
group tutoring facilitated by a specially-trained tutor, are also available by request. For
more information about services available at each location, please call the ASC in
Normal (309) 268-8231; the Pontiac Center (815) 842-6777; the Lincoln Center (217)
735-1731.
Specifications for written materials: All homework to be handed in must be properly
labeled and on a separate sheet of paper. If you need the homework to study, photocopy
the original and hand one in. All homework will be returned as soon as possible. It is not
unusual to take several class days to return homework during busy times of the semester.
For take home portions of an exam, each problem must be on a separate sheet of paper,
properly marked. All answers to each section must be highlighted. The answers need to
be easy to understand and read. Failure to comply means a reduction in point for that
problem.
Syllabi disclaimer: The syllabus may be changed at the discretion of the instructor.
Any changes will be clearly announced in class. Students who are absent from class
when these changes are announced are still responsible for those changes.
Course Calendar:
No actual dates are given in the syllabus because each classroom has its own dynamics
and means that each class will proceed at a different pace. We will cover the chapters in
order given below with the lecture preceding the review/coverage of chapter homework.
The student is responsible to have the homework prepared for class as we cover the
assigned homework. A feel for how much homework to have prepared will be evident as
the class proceeds. In case of doubt, have more, not less, homework prepared for class.
TENTATIVE CLASS SCHEDULE
CHAPTER
TOPIC TO BE DISCUSSED
ASSIGNMENTS TO BE
COVERED
1
Cost Terms
ex1, ex2, pr8
2
Cost of goods Manufactured
ex2, ex10, ex11, pr14,
pr15, pr24, pr26
3
Job Order Costing/Overhead Rates ex7, ex10, ex15, pr18(backwards),
pr19, pr24 (in class-groups).
Optional: Do pr25 and 31 for review or in-class exercises.
EXAM I - CHAPTERS 1-3
4
Process Costing
ex2, ex6, ex13 and 14, pr19
5
Cost Behaviors/Contrib. I/S
ex2, ex3, ex6, ex8, ex9, p13, p15
6
Cost-Volume-Profit Relationships
ex5, ex11, ex12, pr19, pr21
7
Variable Costing
ex5, ex8, pr11
9
Profit Planning/Cash Budgets
ex1, ex2, ex3 (w/formulae
sheet), ex4, pr9, pr15 (in
groups)
EXAM 2- CHAPTERS 4-7, 9
10
Standard Costs
ex7, ex9, ex 10, ex15, pr16,
(ex10 and ex15 in groups)
11
Flexible Budgets
11-1, 11-2, 11-4, 11-10
12
Segment Reporting
ex4, ex5, ex9, ex18
13
Relevant Costs
13-2, 13-3, 13-5, 13-6, 13-13
EXAM 3- CHAPTERS 10-13
14
Present Value/Capital Budgeting
14-2, 14-3, 14-4, 14-5, 14-9,
14-11, 14-33
16
Statement of Cash Flows
EXAM 4 CHAPTERS 14-16
REVIEW FOR COMPREHENSIVE FINAL
16-1, 16-2, 16-9, 16-10, 16-14