Heartland Community College
Social and Business Sciences Division
Course Syllabus for Students – Spring 2011
Course Prefix and Number: ACCT 201 – 03 & 04HY
Course Title: Managerial Accounting
Credit Hours: 4
Contact Hours: 4
Lecture Hours: 4
Laboratory Hours: 0
Days and times the course meets:
Tues. & Thurs.
(03) 2:00 – 3:50 pm
Tues. Only
(04HY) 6:00 – 7:50 pm
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:
Prerequisite: ACCT 200 and MATH 106 or MATH 109 with a grade of C or better. 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 longterm business decisions are also included.
INSTRUCTOR INFORMATION:
Instructor name:
Phone number to contact instructor:
Email:
Hours and days of instructor's office hours:
TEXTBOOK:
Mr. Elmer Brown M.S.A.
(815)383-3551 (cell #)
elmer.brown@heartland.edu
Announced first week of class!
Garrison, Ray H. 2010. Managerial Accounting, 13th Ed.McGraw Hill - Irwin.
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RELATIONSHIP TO ACADEMIC DEVELOPMENT PROGRAMS AND TRANSFER:
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 decision-making 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/LAB OUTLINE:
1. Introduction to Managerial Accounting and Cost Concepts
2. Job Order and Process Costing
3. Cost Behavior and Analysis
4. Variable Costing
5. Activity-Based Costing
6. Budgets and Profit Planning
7. Standard Costs and Variance Analysis
8. Relevant Costs for Decision Making
9. Capital Budgeting
10. Statement of Cash Flows
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COURSE OBJECTIVES (Learning Outcomes):
Outcomes
General
Education
Outcomes
1. Describe the role managerial accounting plays in planning,
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
control, and decision making activities of a business.
Record the flow of materials, labor, and overhead through
both job-order and process costing systems and distinguish
between the basic system designs utilized in each costing
system.
Prepare and analyze schedules of cost of goods
manufactured and cost of goods sold in job-order costing
systems.
Analyze cost behavior and apply cost-volume-profit
analysis tools to prepare and interpret contribution margin,
break-even, target profit, margin of safety, and net income.
Compute, reconcile, interpret, and analyze absorption and
variable costing methods and their application for financial
reporting and managerial decision making.
Assign and analyze costs utilizing the activity-based
costing method as a decision making tool
Create and analyze the interdependent budgets necessary to
create a master budget with a pro-forma income statement
and balance sheet.
Measure and interpret the business implications of standard
cost variances for material, labor and manufacturing
overhead
Identify, analyze and interpret relevant and irrelevant costs
and benefits in various business decision making situations.
Compute and evaluate the acceptability of investment
projects utilizing capital budgeting and net present value
tools
Identify the basic concepts underlying just-in-time
inventory procedures and analyze the impact the system
has on cost management, planning, and decision making.
Prepare, interpret and analyze a statement of cash flows.
13. Interpret and analyze financial statements using various
ratios and analyses techniques.
Range of Assessment
Methods
Class activities
Quiz/Test questions
PS2
Class activities
Quiz/Test questions
CT1
PS2
Class activities
Quiz/Test questions
CT2
PS2
Class activities
Quiz/Test questions
CT2
PS2
Class activities
Quiz/Test questions
CT1
PS1
CT2
PS2
Class activities
Quiz/Test questions
Case project
Class activities
Quiz/Test questions
CT2
PS2
Class activities
Quiz/Test questions
CT2
PS2
CT2
PS2
Class activities
Quiz/Test questions
Case Project
Class activities
Quiz/Test questions
CT1
Class activities
Quiz/Test questions
CT2
PS2
CT2
PS2
Class activities
Quiz/Test questions
Case project
Class activities
Quiz/Test questions
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METHODS OF INSTRUCTION:
DESCRIPTION OF THE LEARNING FORMAT:
1.
2.
3.
4.
5.
6.
7.
Attend lectures and participate in class discussions!
Read and review all assigned material prior to class.
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.
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 (Tests/Exams, Grading System):
Course grades will be determined by total points accumulated during the semester.
Points will be assigned as follows:
Quizzes (Top 5)
50 points (Max.)
Assign’s/Projects/Activities (Top 7)
50 points (Max.)
Hourly exams (3)
300 points
Final exam
100 points
Total points possible
500 points
GRADING SCALE:
The grading scale used to determine the course grade will be:
A = 90%-l00%
C = 70%-79%
F = Less than 60%
B = 80%-89%
D = 60%-69%
PARTICIPATION (AND 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
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MAKE-UP OF TESTS AND ASSIGNMENTS:
All assignments and quizzes must be completed by the due dates announced in class to receive
credit.
Students will be allowed to use battery/solar operated calculators during quizzes and
examinations. Students are responsible for completing quizzes/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.
***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. ***
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. No late homework will 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.
Homework activities, problems and/or cases are assigned throughout the course that may require
written communication of their findings. In addition, these activities will require the student to
integrate problem-solving and critical thinking skills from that chapter to arrive at a decision
and/or analysis of the concepts being introduced in that particular unit of study.
STUDENT CONDUCT:
Students are expected to behave like college-level students. It is your job to be the student, it is
my job to be the instructor.
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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]
SUPPORT SERVICES:
HEARTLAND LIBRARY INFORMATION
Heartland Library Information http://www.heartland.edu/library
The Library, located in the Students 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
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TUTORING CENTER
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.
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.
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.
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.
NOTICE OF CANCELLED CLASS SESSIONS
Cancelled class sessions, for all HCC classes, will be listed under Cancelled Class Meetings in
the A-Z Index and under Academic Information in the Current Students page on the HCC Web
site. Go to http://www.heartland.edu/classCancellations/ to learn what classes have been
cancelled for that day and the upcoming week. Be sure to check the last column, which might
contain a message from the instructor.
HCC Portal
Just a reminder: to access WebCT, IRIS, and your Heartland Student Email, you will need to log
into myHeartland, at https://my.heartland.edu.
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TENTATIVE CLASS SCHEDULE (13th ed.)
CHAPTER
1
2
Append.2A
3
TOPIC TO BE DISCUSSED
ASSIGNMENTS (non bold - Bold)
Managerial Acct. & Busn. Environment (Pgs 4-11 for your reading pleasure only)
Managerial Acct. & Cost Concepts
Other Labor Costs (Pgs 73-75)
Exer. 1,3,5,7,8,9,12 - 2,6,10,11
(Exer. 4 - pg.76)
Job Order Costing
Exer. 1,3,4,5,7
- 8,11,14,15
EXAM 1
4
Process Costing
Exer. 1,2,3,8
Activity Based Costing (Pgs 360-362)
Prob. 3,4
5
Cost Behavior & Contribution Inc. State.
Exer. 1,3,7, Pr. 11 - Exer. 4,5,8
7
Variable Costing
Exer. 1,3 - 5,6,7
Append.8B
- 7,9
-
Exer. 1
EXAM 2
6
Cost-Volume-Profit Relationships
Exer. 4,7,11,12,15 - 5,6,8,9,16
9
Profit Planning
Exer. 7,11,12
11
Standard Costs (Pgs 450-465)
Exer. 2,3, Pr. 12 - Exer. 7,8,9,11
- 1,2,3,10
EXAM 3
12
Segment Reporting (Pgs 507-519)
Exer. 1 -
13,14,15
13
Relevant Costs
Exer. 2,3,4,5,6
14
Capital Budgeting Decisions
15
Statement of Cash Flows
- 7,9,11,12,13
Exer. 1,2,9,13. Pr. 16 - Exer.4,8,10,11,14,15
Exer. 1,2,5
- 4,6
FINAL EXAM – to be given at the time set by the HCC Final Exam Schedule
Bold numbers are assignments in which I will select from for grading. Therefore, at the
minimum, you should have the assignments in boldface completed!
NOTE: The instructor reserves the right to add or delete problems when necessary!
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.
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