Spring 2012
COURSE SYLLABUS
GREAT BASIN COLLEGE
ACC 202 MANAGERIAL ACCOUNTING (3 credits) (1002)
Instructor: Scott Nielsen, MBA, CPA
Office: Berg Hall
Office Phone: (775) 753-2289 (voice mail)
Office Hours: By appointment
E-mail: Through WebCampus Or scottn@gwmail.gbcnv.edu
Class dates: N/A Online Course Only
COURSE MATERIALS
1) Textbook: Accounting, by Warren, Reeve, Duchac, 24e, South-Western Cengage Learning, 2009-12 (Required)
Note: This course begins with Chapter 13 (Chapters 1-12 are covered in ACC 201).
COURSE CATALOG DESCRIPTION A continuation of ACC 201 with a concentration on the corporate form of
organization. Topics include stockholders’ equity, long-term debt, investments, statement of cash flow, financial
statement analysis, and an introduction to managerial accounting.
COURSE PREREQUISITES ACC 201 (Financial Accounting). Basic math and computer skills, Internet access,
and WebCampus familiarity are expected.
COURSE OBJECTIVES/EXPECTED LEARNER OUTCOMES
MEASUREMENT
Upon completion of the course the student will be able to:
1. Identify a corporation’s characteristics; prepare stockholders’ equity section; account
Chapter 13 homework
for stock issuance, cash & stock dividends, treasury stock transactions; stock splits.
problems, quiz, Exam 1
2. Account for bonds payable issuance & redemption, interest expense, installment
Chapter 14 homework
notes; report long-term liabilities (bonds and notes payable) on the balance sheet,
problems, quiz, Exam 1
3. Account for debt & equity investments; value & report investments in financial
Chapter 15 homework
statements; describe fair value accounting & its implications for the future.
problems, quiz, Exam 1
4. Identify purposes of a cash flow statement (CFS); prepare a CFS using the direct
Chapter 16 homework
& indirect methods; distinguish among operating, investing, & financing activities.
problems, quiz, Exam 1
5. Perform horizontal & vertical analyses of financial statements; prepare common-sized Chapter 17 homework
statements; compute & use standard financial ratios to assess solvency & profitability of
problems, quiz, Exam 2
a business; describe corporate annual reports.
6. Describe managerial accounting, its role in business, its uses; classify costs; prepare
Chapter 18 homework
an income statement, balance sheet, & cost of goods manufactured statement.
problems, quiz, Exam 2
7. Describe cost accounting systems used in manufacturing; use a job order cost system Chapter 19 homework
for manufacturing, for decision making, and for a service company.
problems, quiz, Exam 2
8. Use process costing to prepare journal entries; prepare a cost of production report &
Chapter 20 homework
use it in decision making; compare JIT with traditional manufacturing processing.
problems, quiz, Exam 2
9. Use cost-volume-profit (CVP) analysis to classify costs, compute breakeven & sales
Chapter 21 homework
for a target profit for single & multiple product lines; use a CVP chart & a profit-volume
problems, quiz; Exam 3
chart; compute contribution margin, contribution margin ratio, unit contribution margin,
operating leverage, margin of safety.
10. Describe budgeting objectives, static & flexible budgets, computers in budgeting, the Chapter 22 homework
master budget; prepare income statement & balance sheet budgets for manufacturing.
problems, quiz; Exam 3
11. Describe types of standards & how they are used in budgeting; compute & interpret
Chapter 23 homework
variances for direct materials & direct labor, factory overhead controllable & volume;
problems, quiz; Exam 3
record transactions at standard cost, prepare a standard cost income statement.
12. Prepare a responsibility accounting report for a cost center & a profit center;
Chapter 24 homework
compute & interpret the rate of return on investment, residual income, & balanced
problems, quiz, Final
scorecard for an investment center; use market price, negotiated price, & cost price in
Exam
transfer pricing.
13. Prepare differential analysis reports for decision making; use total cost, product cost, Chapter 25 homework
& variable cost to determine a product’s selling price; compute relative profitability in
problems, quiz, Final
bottleneck production processes.
Exam
14. Evaluate capital investment proposals using average rate of return, cash payback,
Chapter 26 homework
net present value, internal rate of return; identify factors complicating capital investment
problems, quiz, Final
analysis; diagram the capital rationing process.
Exam
In addition, this course is part of the Associate of Applied Science degree in which students’ overall progress is
measured at the program level upon entrance into the program and upon graduation.
HOMEWORK/EXAMS All homework assignments, quizzes, and exams are to be completed on-line in
WebCampus. Students may discuss homework assignments, but the final product submitted should be each
student’s individual work. Chapter quizzes are open book, untimed, and completed independently. Discussion
board posts, homework, quizzes and exams are completed and submitted on WebCampus. Three quizzes may be
taken per chapter with the highest score recorded. Exams are timed and must be completed independently.
Working with others on the exams or transferring or receiving exam information is cheating and will result
in disciplinary action in accordance with the GBC general catalog and student handbook.
TEACHING METHODOLOGY:
This is a WebCampus only course. Topics in this class will be introduced by a combination of discussion board
posts, working exercises and problems, and quizzes. Additionally, Power Point slides for each chapter will be
provided as an additional learning resource. Students will work problems independently and expected to submit
them using WebCampus by due dates. Any assignments turned in late will not receive full credit as follows: 85%
within one week of due date, 75% within the next week, and 70% after 2 weeks late.
COURSE REQUIREMENTS:
You are responsible for the readings, discussion board posts, and assignments. Students are encouraged to turn in
all assignments on time. Otherwise grade may be affected. A student who misses three or more successive
assignments may be dropped from the course. ALL ASSIGNMENTS, QUIZZES, AND EXAMS ARE DUE
WEEKLY BY SUNDAY AT 11:59 PM.
Tentative Class Schedule
Dates
Jan 23 –
Jan 29
Jan 30 –
Feb 5
Feb 6 –
Feb 12
Feb 13 –
Feb 19
Feb 20 –
Feb 26
Feb 28 –
Mar 2
Feb 27 –
Mar 4
Mar 5 –
Mar 11
Mar 12 –
Mar 18
Mar 19 –
Mar 25
Mar 26 –
Mar 31
April 2 –
April 8
April 9 –
April 15
April 16 –
April 22
April 23 –
April 26
April 23 –
April 29
Topics/Reading
Introduction to Course;
Ch 13: Corporations: Organization, Stock
Transactions, & Divs
Ch 14: Long-Term Liabilities: Bonds &
Notes; Appen 1 PV Concepts & Pricing
Bonds Payable
Ch 15: Investments & Fair Value Acctg;
Appen 1 Acctg for Held-to-Maturity
Investments; Appen 2 Comprehensive
Income
Ch 16: Statement of Cash Flows
Ch 17: Financial Statement Analysis
Appen Unusual Items on the Income
Statement
Ch 18: Intro to Management Accounting
Ch 19: Job Order Costing
Ch 20: Process Cost Systems
Homework
Discussion Board
(DB)1, 13; Quiz; PR 131A, PR-4A
DB 14; Quiz; PR 14-1A,
PR 14-4A
Due Date
January 29
Points
20, 20, 10, 20, 20
February 5
20, 10, 20, 20
DB 15; Quiz, PR 15-2A,
PR 15-4A
February 12
20, 10, 20, 20
DB 16; Quiz; PR 16-1A,
PR 16-5A
DB 17; Quiz; PR17-1A,
PR 17-4A
February 19
20, 10, 20, 20
February 26
20, 10, 20, 20
**EXAM 1 (Chapters
13-16)
DB 18; Quiz; PR18-5A
March 2
100
March 4
20, 10, 20
DB 19; Quiz, PR 19-2A,
PR 19-4A
DB 20; Quiz; PR 20-2A;
March 11
20, 10, 20, 20
March 18
20, 10, 20
**EXAM 2 (Chapters
17-20)
March 25
100
DB 21; Quiz; PR 21-6A
April 8
20, 10, 20
DB 22; Quiz; PR 22-3A,
PR 22-4A
DB 23; Quiz; PR 23-3A
April 15
20, 10, 20, 20
April 22
20, 10, 20
**EXAM 3 (Chapters
21-23)
DB 24; Quiz; PR24-5A
April 26
100
April 29
20, 10, 20
Spring Break
Ch 21: Cost Behavior & Cost-VolumeProfit Analysis
Ch 22: Budgeting
Ch 23: Performance Eval Using
Variances from Std Costs
Ch 24: Performance Eval for
Decentralized Operations
April 30 –
May 6
May 7 –
May 13
May 14 –
May 16
Ch 25: Differential Analysis & Product
Pricing Appen: Activity-Based Costing
Ch 26: Capital Investment Analysis
DB 25; Quiz; PR 25-2A,
PR 25-3A
DB 26; Quiz; PR26-6A
May 6
20, 10, 20, 20
May 13
20, 10, 20
**FINAL EXAM
(Chapters 24-26)
May 16
100
Note: This schedule is tentative. Although no major changes in the content of this syllabus are anticipated,
instructor reserves the right to change certain aspects of the course syllabus, such as assignments, due dates,
grading procedures, or materials to accommodate student/instructor needs. However, no changes will be made
without informing the class in a timely and clear manner. Check WebCampus daily for updates.
Course Requirements:
3 Exams
22 Homework problems
15 Discussion Board Posts
14 Chapter quizzes
Final exam
Total points
300
440
300
140
100
1,280
Letter Grade Equivalents:
A 94-100%; A- 90-93%
B+ 87-89%; B 83-86%; B- 80-82%
C+ 77-79%; C 73-76%; C- 70-72%
D+ 67-69%; D 63-66%; D- 60-62%
F < 60%
Students who successfully complete this course complete all discussion board posts, and complete all
homework, quizzes and exams in a timely manner. Remember that the more effort you put into this class,
the more you will get out of the class in terms of knowledge as well as a course grade.