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m o d e l
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evening classes
ACCT 112
Managerial Accounting
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learning
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Benedictine Hallmarks 2011-2012
STABILITY  STEWARDSHIP
IDEA
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course syllabus
Addresses the educational
needs of adult students by
developing and providing
engaging, relevant and
accelerated programs.
blended model
ACCT 112
Enhances scholarship,
leadership skills, social
responsibility, and promotes
life-long learning.
Provides high-quality, easily
accessible educational
opportunities for adult
learners.
Enables adults to earn
specific undergraduate and
graduate degrees while
maintaining their personal and
professional commitments.
Accounting 112
instructor version
Develops new degree and
non-degree programs that
address the expressed needs of
the professional community.
content links index
about this document
about Moser College
about blended learning
hallmarks of a Benedictine education
student expectations
attendance policy
financial aid
submission of work
library resources
services for students with disabilities
Academic Honesty Policy
APA formatting and style
netiquette
course overview
required textbooks
grading scale
IDEA objectives
IDEA description
learning outcomes
course schedule
Moser College Mission
Statement: Moser College
embodies the values of respect,
excellence, collaboration, and
professionalism. We are
committed to delivering
innovative and dynamic
programs designed for adult
students who are dedicated to
enhancing their professional,
local, and global communities.
Moser College Vision
Statement: To be one of the
premier university colleges in
the nation.
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience
Discipline  Humility  Stewardship  Hospitality  Community
Benedictine
University
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about
expectations
Margaret and Harold Moser Center
1832 Centre Point Circle
Naperville, IL 60563
resources
course
overview
learning
outcomes
Phone: (630)schedule
829-6289&
IDEA
sessions
Fax: (630) 829-1375
http://www1.ben.edu/programs/a
dult_cohorts/mission_vision.asp
2
Content Links
ACCT 112 Managerial Accounting
About Your Program at Benedictine University – Moser College
About This Document
This is a hypermedia document – it has been built to mimic navigation on the
web. This document can also be viewed as a presentation or it can be printed
like a traditional document. We use this sort of document because it allows for
navigation links (hyperlinks) to text, graphics, audio/video, and the web. This
type of document also allows you to navigate in a nontraditional, nonlinear way
– by following the page links you are not bound to read or flip through the
document in any sort of order. This is yet another example of Moser College’s
commitment to advancements in technology and blended learning.
About Moser College
The Moser College of Adult & Professional Studies delivers its curricular
programs in a specifically designed structure deliberately oriented for working,
adult learners. The Moser College is committed to providing a learning
environment which extends beyond the classroom and is designed specifically
to meet the needs of its students and their employers by bringing a quality
educational experience without requiring the student to relocate or travel
extensively beyond their home area. Benedictine University's Moser College of
Adult & Professional Studies is fully accredited by the Higher Learning
Commission of the North Central Association of Colleges and Schools*.
* http://www.ben.edu/academic_programs/moser/about/index.cfm
About Blended Learning
Blended learning is the integration of different learning environments: mainly the
online format with the face-to-face format, but may also include mobile learning.
Blended learning, also referred to as hybrid learning, relies on both the advantages
of digital/technology innovation and the methods of face-to-face instruction. At
Moser College, we use blended learning by combining asynchronous online
classroom sessions with a face-to-face classroom environment. We alternate
between the online session and the face-to-face session in 5-week courses, with
the A session being face-to-face and the B session being online.
hallmarks of a Benedictine Education:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
3
About
ACCT 112 Managerial Accounting
The Ten Hallmarks of a Benedictine Education
A Benedictine Education
Based on the Rules of Saint Benedict, a Benedictine
Education is based on the Benedictine Wisdom
Tradition that sets as its goals the transformation of the
Human mind AND Heart and has at its foundation “The
Ten Hallmarks of a Benedictine Education”.
The Ten Hallmarks
Each academic year Moser College will be celebrating
two of the Hallmarks. This academic year 2011-2012,
the Hallmarks Stability and Stewardship have been
chosen. The ten hallmarks are:
1. Love of Christ and Neighbor
2. Prayer: a Life marked by liturgy, lection and
Mindfulness
3. Stability: commitment to the daily life of this place,
its heritage and tradition
4. Conversatio: the way of formation and
transformation
5. Obedience: a commitment to listening and
consequent action
6. Discipline: a way toward learning and freedom
7. Humility: knowledge of self in relation to God,
others and creation
8. Stewardship: responsible use of creation, culture
and the arts
9. Hospitality: openness to others
10. Community: call to serve the common good
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Portrait (1926) by Herman Nieg
(1849–1928); Heiligenkreuz Abbey, Austria
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
4
Hallmarks
ACCT 112 Managerial Accounting
Student Expectations
Expectations of Students
In order to get the maximum use of the time available, it is expected that you
will:
•
Read the material to be covered in the class and complete required
assignments prior to attending the class/session;
•
Arrive/login to class/session prepared to participate actively;
•
Be prepared to actively participate in the collaborative activities of each
class/session; and
•
Always feel free to seek additional help from the instructor when the need
arises.
Attendance Policy
Students may not miss more than 25% of the live classroom sessions. Doing so
will result in an F for the course.
financial aid information
Submission of Work
All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor.
Assignments must be submitted by due date. Any assigned work submitted late for any unexcused
reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L.
In the event that you miss an examination for due cause, arrangements must be made with the
instructor for a make-up examination. Important criteria concerning the submission of work:
•
Make-up examinations may differ from the original class examination.
•
Per University policy, assignments cannot be accepted by an instructor after the last day of the course.
•
Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes.
information concerning netiquette:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
5
Expectations
ACCT 112 Managerial Accounting
Financial Aid Information
Applying for Financial Aid
A college education is one of the largest financial investments a family will make. We believe that an education
from Benedictine University will provide valuable returns throughout a student's lifetime. The Office of Financial
Aid is dedicated to helping students and their families make a Benedictine University education affordable. We
view the process of financing an education as a partnership. Although the student and his/her family have primary
responsibility for meeting college costs, Benedictine University, as well as the federal and state governments have
a variety of financial aid programs available to students who need financial assistance.
Types of Financial Aid
Benedictine University's Office of Financial Aid administers a variety of federal, state
and institutional programs of student financial assistance. All financial aid recipients
must maintain satisfactory academic progress in accordance with the published,
"Satisfactory Academic Progress Policy for Financial Aid Recipients.“
•
After completing the financial aid application process, the student will receive a
financial aid award notification letter. The award letter will include the
program(s) that the student is eligible to receive and the award amount(s).
•
Grants/Scholarships - Grants and scholarships are considered to be gift
assistance. This means the awards do not have to be repaid.
•
Loans - Loans are considered to be a form of self-help assistance. Loan programs
provide funds for educational purposes and are paid back with interest.
•
Employment - Part-time jobs on campus are available to students through the
University and Federal Work-Study program. Students working on campus
receive a bi-weekly paycheck.
•
Applying for Financial Aid – All students applying for financial aid are asked to
complete the Free Application for Federal Student Aid (FAFSA).
FAFSA – Free Application for Federal Student Aid
The FAFSA is required for all federal, state (Illinois residents) and Benedictine University need-based assistance.
It should be completed as soon as possible after January 1st. Applying online with FAFSA on the Web at
www.fafsa.gov is faster and easier than using a paper FAFSA. Have your completed U.S. Federal Income Tax
returns readily available when completing the FAFSA. Include Benedictine University's school code:
001767 so the results of your FAFSA application will automatically be sent to our financial aid office. Sign you
FAFSA with a Federal Student Aid PIN. Apply for a PIN at www.pin.ed.gov. If you are providing parent
information, one parent must also sign you FAFSA.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
6
Financial Aid
ACCT 112 Managerial Accounting
About Netiquette
What is Netiquette?
"Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online
experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about
courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with
one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and
other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you
would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well.
Netiquette Basics
1. Follow the Golden Rule (“One should treat others as one would like others to treat oneself”)
2. Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice
3. Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may
not be appropriate in a classroom or in an online conversation with an instructor
4. Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing
links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs
and headers and 6) limiting your use of attachments
5. Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier
for the poster, but it is not easier for the reader
Inappropriate Online Usage
1. Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often
online then in face-to-face interaction, because there is an illusion of anonymity.
2. Flaming is neither productive nor appropriate for the learning environment
3. Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar,
punctuation and spelling corrections
4. Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often
seen as a form of aggression
5. Use emoticons ( :) , :( , :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language
Confidentiality and Privacy
1.
2.
3.
4.
Email, messaging and posting are forms of written record and are just as permanent as a letter or document
Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.)
Respect copyright and cite any and all sources
Do not expect that your communications are private, instead assume all communications are public
For more information please review Netiquette by Virginia Shea
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
7
Netiquette
ACCT 112 Managerial Accounting
Resources for Success
Benedictine’s Library Resources
Benedictine University Libraries strive to provide the resources for all of your academic and research
needs. Providing access to over 120 databases, 200,000 books and eBooks, and helpful librarians 7
days a week, we are here to assist you in person and online.
The primary mission of the Benedictine University Library is to provide library resources and services
that support the Benedictine University community and meet its academic and research needs. To
support our mission, the Library has made provisions for all students to gain access to important
academic resources through the Benedictine Library Website. As you begin your academic journey
please take note of these key concepts that will affect that access:
•
Entry into academic databases and most Library resources must be made through the Benedictine
Library Website at www.ben.edu/library
•
Within one week of your official enrollment your patron information will be automatically entered
into the library system, where once entered, you will be able to check out books and access
databases
•
When off-campus you will be prompted by authentication software (a proxy server) to provide
your Library ID number and last name to access article databases and request books. This software
proxy server confirms that you are a current Benedictine University student and thus allowed
access
•
Your Library ID number is a combination of the Benedictine Library prefix 2281100 and your
seven-digit student ID number (also called your “b” number). Thus 2281100XXXXXXX is
the Library ID number with X’s being the seven digit student number. This number is prominently
located just below the barcode on your Benedictine ID card
•
For further information on any aspect of Library resources and access please call or write the
Benedictine Library Reference Desk at 630-829-6057 or libref@ben.edu. Please take note of
Library hours and staff directory located on the Library Website under About the Library and feel
free to contact us about any concern or need you might have
additional resources for student success:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
8
Library
ACCT 112 Managerial Accounting
Resources for Success
University Academic Honesty Policy
The search for truth and the dissemination of knowledge are the central missions of a university.
Benedictine University pursues these missions in an environment guided by our Roman Catholic
tradition and our Benedictine Heritage. Integrity and honesty are therefore expected of all University
students. Actions such as cheating, plagiarism, collusion, fabrication, forgery, falsification,
destruction, multiple submission, solicitation, and misrepresentation are violations of these
expectations and constitute unacceptable behavior in the University community.
To access the complete Academic Honesty Policy, which includes student responsibility, responsibility
and authority of faculty, violations, reporting and communicating, responsibilities of the provost,
appeals, composition of the academic appeals board, procedures of the academic appeals board, and
records, please select the following link: www.ben.edu/ahp
APA Formatting and Style
All course assignments must use APA citation and formatting. This is a
mandatory requirement for all assignments, including discussions, if a
publication or other work is being referenced. For more information on
APA, please see the APA Style section at the website of the American
Psychological Association, linked here: www.apa.org/
APA resources for students: www.apa.org/about/students.aspx
Services for Students with Disabilities
Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA) of 1990
prohibit discrimination against individuals with disabilities by standing provision of reasonable
accommodations to make programs and activities accessible to qualified individuals with disabilities.
If you have a documented learning, psychological, or physical disability, you may be eligible for
reasonable academic accommodations or services. To request accommodations or services, please
contact the Student Success Center, Krasa Center - 012A, 630-829-6340. All students are expected to
fulfill essential course requirements. The University will not waive any essential skill or requirement
of a course or degree program.
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
9
Other Resources
ACCT 112 Managerial Accounting
Individual Development and Educational Assessment
IDEA Objectives
•
Acquiring skills in working with others as a member of a team.
•
Developing creative capacities (writing, inventing, designing,
performing in art, music, drama, etc.)
•
Gaining a broader understanding and appreciation of intellectual/
cultural activity (music, science, literature, etc.)
•
Developing skill in expressing oneself orally or in writing.
•
Learning how to find and use resources for answering questions or
solving problems.
•
Developing a clearer understanding of, and commitment to, personal
values.
•
Learning to analyze and critically evaluate ideas, arguments, and
points of view.
•
Acquiring an interest in learning more by asking questions and
seeking answers.
IDEA Description
The IDEA student survey focuses on the instructor’s learning objectives for the course and on the
progress each student made toward achieving those objectives. By answering thoughtfully and
honestly, your ratings and comments will be much more helpful – to the instructor, the department
chair, and the dean of the college. As students, you should also know that student ratings and
comments have been used to help evaluate courses and to improve the educational experience at
Benedictine University. The appropriate standard of conduct with respect to student surveys is
thoughtful comments and constructive criticism – respectfully communicated.
A Focus on Learning
“The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than
emphasizing teaching style or personality, the IDEA system focuses on student learning and the
methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5
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IDEA
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
10
IDEA
ACCT 112 Managerial Accounting
Faculty Evening Course Overview
Course Description
Principles of managerial accounting; including cost accounting, planning and control systems, and
analysis and interpretation of financial statements.
Course Materials
Required Textbook and Materials:
Financial & Managerial Accounting: Authors: Charles T. Horngren, Walter T. Harrison Jr., M.
Suzanne Oliver Publisher: Pearson, 3rd edition, 2012 ISBN-13: 978-0-13-249799-2
MyAccountingLab with Pearson eText Access Card: Authors: Charles T. Horngren, Walter T.
Harrison Jr., M. Suzanne Oliver Publisher: Pearson, 3rd edition, 2012 ISBN-13: 9780132913737
Technological Computer Requirements
Students in the Blended program will need: High-speed Internet access; a sound card and speakers;
Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or
higher. It is also highly recommended that students have access to a microphone or webcam for
optional audio/videoconferencing.
Discussion Forum Guidelines
The Course Grading Scale
A
=
4.00
90 - 100%
EXCELLENT
B
=
3.00
80 – 89%
GOOD
C
=
2.00
70 – 79%
SATISFACTORY
D
=
1.00
60 – 69%
PASS
F
=
0.00
BELOW 60%
FAIL
I
=
INC
INCOMPLETE
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To receive a minimum passing grade, students must
make a post to each discussion question for that
week by day 4 of each week and respond to at least
two other postings by the end of the week. Individual
Posts are worth up to 5 points and the total
Response Posts are worth up to 5 points total. Each
discussion will total up to 10 points.
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
11
Course Overview
ACCT 112 Managerial Accounting
Faculty Evening Course Outcomes Based in Bloom’s Taxonomy
Learning Outcomes
Assignments
Points
•
•
•
•
Construct a stockholders’ equity transactions
Elaborate on items on that make up the Statement of Cash Flows
Discuss the importance of Trend Analysis
Analyze Financial Statements and compute critical ratios
Individual chapter problems.
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
10 pts
10 pts
5 pts
•
•
•
•
Elaborate on the differences between Managerial & Financial Accounting
Discuss job costing & process costing
Analyze the total cost, revenue and profit of two corporations
Assess your knowledge – Quiz 1
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
Quiz 1 (Chapters 13-15).
10 pts
10 pts
5 pts
25 pts
•
•
•
•
Analyze and compute break-even points for two products
Compile a list that displays relevant decisions in special order pricing
Discuss contribution margin and its impact on financial statements
Build a break-even analysis that illustrates profits and losses
Individual chapter problems.
Individual chapter problems
Discussion Post & Response.
Team Assignment/Activity.
10 pts
10 pts
5 pts
•
•
•
•
Construct a Time Value of Money analysis with Present and Future Values
Discuss and analyze the capital budgeting methods
Build a Cash Budget and illustrate its relevance
Assess your knowledge – Quiz 2
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
Quiz 2 (Chapter 16-20).
10 pts
10 pts
5 pts
25 pts
•
•
•
•
Construct a Time Value of Money analysis with Present and Future Values
Discuss and analyze the capital budgeting methods
Build a Cash Budget and illustrate its relevance
Assess your knowledge – Quiz 3
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
Quiz 3 (Chap 21-24).
10 pts
10 pts
5 pts
25 pts
Total Points for course
200 pts
about Bloom’s Taxonomy
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
12
Learning Outcomes
ACCT 112 Managerial Accounting
Faculty Evening Course Schedule
Session
Loc.
Class Title
Assignments
01 A
F2F
Retained Earnings,
Income Statement,
Statement of Cash Flows
and Financial Statement
Analysis.
•
•
•
Reading assignment: review chapters 13-15 pages 623-744.
Activity: In-class, reintroduce MyAccountingLab and
Chap. 13 Decision Case 13-1 page 658, chap. 14 exercise
E14-20 page 690. chap 15 exercises E15-17 & E16-18
page 756-757.
01 B
online
Retained Earnings,
Income Statement,
Statement of Cash Flows
and Financial Statement
Analysis.
•
•
Reading assignment: chap. 13-15 covered in class 1A. Be
prepared to discuss chap. 16-18 in class 2A.
Written Individual assignment:
Chap. 13 problem P13-30B, page 655.
Chap. 14 problem S14-3, problem P14-24A page 691.
Chap. 15 problems E15-13 & E15-15 page 755-756, problem
P15-26A page 761-762.
Written team Assignment: Chap. 15 Financial Statement
Case 15-1 page 771.
Discussion topic: Trend Analysis.
•
•
•
•
•
02 A
F2F
Introduction to
Managerial Accounting
& Job and Process
Costing.
•
•
•
•
Reading: chapters 16-18 pages 773-899.
Written assignment: review assigned problems.
Activity: In-class chap. 17 P17A-16B page 877.
Quiz 1: covering chapters 13-15.
02 B
online
Introduction to
Managerial Accounting
& Job and Process
Costing.
•
Reading assignment: review chap. 16-18 covered in class 2A
if needed. Be prepared to discuss chap. 19-20 in class 3A
Written Individual assignment:
Chap. 16 problems S16-1 to S16-4 page 796-797. problem
16-22A page 803.
Chap. 17 problems S17-1 & S17-2 page 836., problem P1728A & P17-29A page 846..
Chap. 18 problems S18-2 to S18-4 page 904-905, problem
P18-32B page 916, P18-34B page 917.
Written team assignment: Chap. 17 Team project 17-1 page
854.
Discussion topic: Costing
•
•
•
•
•
•
03 A
F2F
home
about
Cost-Volume Profit
Analysis and Short-Term
business decisions.
expectations
resources
•
•
•
Reading assignment: chapters 19-20 pages 924-982.
Written assignment: review assigned problems.
Activity: In-class review quiz 1 and homework problems
from previous week chapters 16-18. Chap. 19 short exercise
S19-6 page 949.
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
13
Course Schedule
ACCT 112 Managerial Accounting
Faculty Evening Course Schedule
Session
Loc.
Class Title
Assignments
03 B
online
Cost-Volume Profit Analysis
and Short-Term business
decisions.
•
•
•
•
•
•
Reading assignment: review chap. 19-20 covered in
class 3A if needed. Be prepared to discuss chap. 21-22
in class 4A.
Written Individual assignment:
Chap. 19 problems P19-23A & P19-26A page 954-955.
Chap. 20 problems P20-27B page 1003, P20-30B page
1005.
Written team assignment: Chap. 19 Decision Case 19-1
page 958-959.
Discussion topic: Cost-Volume-Profit (CVP)
04 A
F2F
Capital Investment
Decisions, Time value of
money & Master Budgets.
•
•
•
•
Reading assignment: chap. 21-22 pages 1010-1076.
Written assignment: review assigned problems
Quiz 2: covering chapters 16-20.
Activity: In-class review homework problems from
prior week chapters 19-20. chap. 21 exercise E21-15
page 1042 & E21-18 page 1043.
04 B
online
Capital Investment
Decisions, Time value of
money & Master Budgets.
•
Reading assignment: review chap. 21-22 covered in
class 4A if needed. Be prepared to discuss chap. 23-24
in class 5A
Written Individual assignment:
Chap. 21 problems P21-31B & P21-33B page 1047.
Chap. 22 problems P22-22 page 1093.
Written team assignment: Chap. 21 Decision Case 21-1
page 1048-1049.
Discussion topic: Capital Investment Decisions.
•
•
•
•
•
05 A
F2F
Flexible Budgets, Standard
Costs & Performance
Evaluations.
•
•
•
Reading assignment chap. 23-24 pages 1105-1171.
Written assignment: review assigned problems
Activity: In-class: review quiz 2 and homework from
prior class chapters 21-22. Chap. 23 exercise E23-16
page 1139.
05 B
online
Flexible Budgets, Standard
Costs & Performance
Evaluations.
•
•
•
•
•
•
Reading assignment: review chap. 23-24.
Written Individual assignment:
Chap. 23 problems P23-27A page 1142
Chap. 24 problem P24-20A page 1184.
Quiz 3 covering chapters 21-24.
Written team assignment: Chap. 24 Ethical Issue 24-1
page 1189.
Discussion topic: Centralization & Decentralization.
•
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
14
Course Schedule
ACCT 112 Managerial Accounting
Faculty Evening Session 1A
Learning Objectives
1. Discuss stock dividends, stock splits and treasury stock.
2. Interpret restrictions on retain earnings.
3. Construct a Corporate Income Statement including earnings per share.
4. Build a Statement of Cash Flows and identify its primary purpose.
5. Elaborate on the differences among the operating, investing and financing cash flows.
6. Analyze and discuss noncash investing and financing activities
7. Evaluate and prepare the statement of cash flows by the indirect method.
8. Construct and interpret Horizontal analysis of financial statements
9. Prepare and use common-size financial statements.
10. Build and evaluate Vertical analysis of financial statements
11. Compile and compare standard financial ratios.
Activities, Assignments and Agenda
Reading: No pre-class reading, this will be completed after class 1A.
Chapters 13-15 will be reviewed.
Individual Assignments Reading, individual and team questions are assigned after class 1A.
Study Group Assignments Reading, individual and team questions are assigned after class 1A.
In Class Assignments
Review and set course expectations and re-introduce MyAccountingLab. If students do not have access they
can go to http://myaccountinglab.mathxl.com/login_acct.htm and register. Ensure that students are using the
interactive flashcards and videos within each chapter at http://myaccountinglab.com.
Facilitate an in-class discussion reviewing chapters 13-15 relating to retained earnings, Income Statement, the
Statement of Cashflows and financial statement analysis. Discuss the importance of the Statement of Cash Flows
and how it’s utilized by individual companies and financial institutions when analyzing the cash flow of a
corporation. Lead a discussion on financial ratios and how they’re specifically used to evaluate the financial
strength of a company. Engage students and ensure they can determine if any positive or negative trends exists.
Complete the following exercises in class to reinforce these concepts. Chap.13 Decision Case 13-1 page 658,
chap. 14 exercise E14-20 page 690. Chap 15 exercises E15-17 & E16-18 page 756-757.
The use of PowerPoints, interactive flashcards and videos provided by http://myaccountinglab.com are a great way
to accentuate the concepts on a consistent basis.
home
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course
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
15
Session 1A
ACCT 112 Managerial Accounting
Faculty Evening Session 1B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Complete the group activity assignment.
3. Analyze and explain the importance of horizontal and vertical analysis and how its in the business
community by firms, financial company’s and investors.
4. Apply the material in chapter 13-15 to assist in the discussion with your current group.
5. Actively engage your fellow students by sharing your existing knowledge of accounting with regard
to financial statement analysis your involvement can benefit everyone involved.
Activities, Assignments and Agenda
Reading:
Review chapters 13-15 that were covered in class 1A.
Read chapters 16-18, these will be reviewed in-class during week 2A.
Individual Assignments
Chap. 13 problem P13-30B, page 655.
Chap. 14 problem S14-3 & problem P14-24A page 691.
Chap. 15 problems E15-13 & E15-15 page 755-756 & problem P15-26A page 761-762.
Study Group Assignments
Chap. 15 Financial Statement Case 15-1 page 771.
Discussion Question:
As we have learned, trend analysis is a powerful and critical tool for management and investors alike. Therefore,
how can this analytical breakdown be used to misrepresent data in favorable ways when the truth may be the
opposite? Give several examples how this happens and discuss how you would propose to eliminate or minimize
these challenges.
Monitor the online format to ensure students are fully participating in online discussions. Reiterate the importance
of the interactive flashcards and videos available through http://myaccountinglab.com are great supplements that
can be used during the online week.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
16
Session 1B
ACCT 112 Managerial Accounting
Faculty Evening Session 2A
Learning Objectives
1.
2.
3.
4.
5.
Analyze and compare managerial and financial accounting.
Create and apply ethical standards to decision making.
Classify costs and prepare an Income Statement for a service company.
Discuss and classify costs and prepare and Income Statement for a merchandising company.
Compile and classify costs by preparing an income Statement and statement of goods manufactured for a
manufacturing company.
6. Elaborate between job order costing and process costing.
7. Analyze and record material and labor in a job order costing system.
8. Compile and record overhead in a job order costing system.
9. Evaluate and record completion and sales of finished goods and the adjustment for under or over allocated
overhead.
10. Discuss and calculate unit costs for a service company.
11. Formulate and allocate costs using a process costing system – weighted-average method
12. Develop activity-based costs (ABC).
13. Design and use activity-based management (ABM) to achieve.
14. Discuss a just-in-time (JIT) production system and record its transactions.
15. Compile and use four types of quality costs to make decisions.
Activities, Assignments and Agenda
Reading:
Chapters 16-18 pages 773-899, Introduction to Managerial Accounting, Job & Process Costing.
Individual Assignments
Quiz 1 covering chapters 13-15.
Read and review chapter 16-18 for class discussion.
Individual chapter problems
Study Group Assignments Team problems
In Class Assignments:
Facilitate a review of individual and team homework/questions from chapters 13-15. Ensure all questions are
answered before moving to the next topic. It’s critical that students understand these concepts before
introducing and discussing new subjects. Administer Quiz 1 covering chapters 13-15.
Lead a discussion on Chapter 16-18, Introduction to Managerial Accounting, Job & Process Costing. elaborate
on the the importance of job costing and discuss the differences between job order and process costing.
Detail how critical this process is in the overall profitability of a firm. For an in-class activity during your
discussion of chapter 17 complete problem P17A-16B on page 877 to reinforce the assignment of costs. The
use of the interactive flash cards for chapters 16-18 on http://myaccountinglab.com is a great way to fortify the
weeks concepts and provide additional help to students.
home
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expectations
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course
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sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
17
Session 1A
ACCT 112 Managerial Accounting
Faculty Evening Session 2B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Complete the group activity assignment.
3. Discuss and analyze why firms use Just-in-time (JIT) inventory and how it might affect you as a
manager and a consumer.
4. Apply the material in chapter 16-18 to assist in the discussion with your current group.
5. Actively engage your fellow students by sharing your existing knowledge of economics and how
you believe the interaction can benefit everyone involved.
Activities, Assignments and Agenda
Reading:
Chapters 19-20 will be reviewed in-class during week 3A.
Individual Assignments
Chap. 16 problems S16-1 & S16-24-7p page 796-797. problem 16-22A page 803.
Chap. 17 problems S17-1 & S17-2 page 836., problem P17-28A & P17-29A page 846..
Chap. 18 problems S18-2 to S18-4 page 904-905, problem P18-32B page 916, P18-34B page 917.
Study Group Assignments
Chap. 17 Team project 17-1 page 854
Discussion Question:
A large advantage to job costing is that management has quick access to all costs incurred for each job that’s
completed. A major challenge in job costing is that it requires a large amount of data and the accuracy of this
information is crucial. How specifically would you insure your data is correct? Explain how this can impact the
overall productivity of a firm?
Monitor the online format to ensure students are fully participating in online discussions. Reiterate the
importance of the interactive flashcards and videos available through http://myaccountinglab.com are great
supplements that can be used during the online week.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
18
Session 1B
ACCT 112 Managerial Accounting
Faculty Evening Session 3A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
8.
Discuss and identify how changes in volume affect costs.
Create CVP analysis to compute breakeven points.
Develop CVP analysis for profit planning and graph the CVP relations.
Analyze and calculate the breakeven point for multiple products.
Elaborate and distinguish between variable costing and absorption costing.
Explain and identify information relevant to business decisions.
Evaluate and make special order and processing decisions.
Discuss dropping a product and product-mix decisions.
Activities, Assignments and Agenda
Reading: Chapter 19-20 pages 924-982, Cost-Volume Profit Analysis and Short-Term business decisions.
Individual Assignments
Chap. 19 problems P19-23A & P19-26A page 954-955.
Chap. 20 problems P20-27B page 1003, P20-30B page 1005
Study Group Assignments Team Problems
In Class Assignments
Review Quiz 1 that was taken in Class 2A. Facilitate a review of individual and team homework/questions from
chapter 16-18. Ensure students understand any areas that challenged them. It’s critical that students grasp these
concepts before moving to new topics.
Facilitate an in-class discussion reviewing chapters 19-20, Cost-Volume-Profit (CVP) analysis and Short-term
business decisions. Engage the students in a discussion on cost behavior. Provide common real-life examples of
fixed, variable and mixed costs to further their understanding of costs. Introduce and elaborate basic CVP analysis
and how this relates to a firms profitability and decision making. Lead the students in a conversation how mangers
make short-term decisions. To reinforce the weeks concepts a short exercise for in-class is located in Chapter 19
S19-6 page 949. Ensure students understand each concept before moving to the next topic.
The use of PowerPoints, interactive flashcards and videos provided by http://myaccountinglab.com are a great way
to accentuate the concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
19
Session 1A
ACCT 112 Managerial Accounting
Faculty Evening Session 3B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Complete the group activity assignment.
3. Discuss how Cost-Volume-Profit analysis is utilized in daily business decision from small business
to large corporations.
4. Apply the material in chapter 19-20 to assist in the discussion with your current group.
5. Actively engage your fellow students by sharing your existing knowledge of economics and how
you believe the interaction can benefit everyone involved.
Activities, Assignments and Agenda
Reading:
Chapters 21-22 will be reviewed in-class during week 4A.
Individual Assignments
Chap. 19 problems P19-23A & P19-26A page 954-955.
Chap. 20 problems P20-27B page 1003, P20-30B page 100
Study Group Assignments
Chap. 19 Decision Case 19-1 page 958-959.
Discussion Question:
This week we discussed Cost Volume profit analysis and how it can provide important answer in a relatively quick
manner. Can this method be used for all companies regardless of their industry? Are there weakness to this
methodology? If so how would you suggest mitigating them?
Monitor the online format to ensure students are fully participating in online discussions. Reiterate the importance
of the interactive flashcards and videos available through http://myaccountinglab.com are great supplements that
can be used during the online week.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
20
Session 1B
ACCT 112 Managerial Accounting
Faculty Evening Session 4A
Learning Objectives
1. Discuss the importance of capital investments and the capital budgeting process.
2. Elaborate on the four methods of capital budgeting.
3. Analyze and use the payback period and rate of return methods to make capital investment
decisions.
4. Solve for the present and future value of single lump sums and annuities.
5. Construct discounted cash flow models to make capital investment decisions.
6. Compile a list of why managers use budgets.
7. Build an operating and financial budget.
8. Explain and use sensitivity analysis in budgeting.
9. Create performance reports for responsibility centers and account for traceable and common
shared fixed costs.
Activities, Assignments and Agenda
Reading:
Chapters 21-22 pages 1010-1076, Capital Investment Decisions, Time Value of Money & Master Budgets.
Individual Assignments
Quiz 2 covering chapters 16-20.
Read and review chapter 21-22 for class discussion and individual chapter problems
Study Group Assignments Team problems
In Class Assignments
Facilitate a review of individual and team homework/questions from chapter 19-20. Ensure students understand
any areas that challenged them. Administer Quiz 2 covering chapters 16-20.
Lead an in-class discussion reviewing chapters 21-22 Capital Investment Decisions, Time Value of Money and The
Master Budge & Responsibility Accounting. Construct and detail the specific capital budgeting methods used in the
real-world. Elaborate how and why they are used in company’s today. Discuss the importance of budgeting and
responsible accounting. Have the students complete an in-class activity form chapter 21 exercise E21-15 page
1042 and E21-18 page 1043. These examples will help reinforce the concepts of the time value of money and the
payback method. Ensure students understand each of these concept before moving to the next topic.
The use of PowerPoints, interactive flashcards and videos provided by http://myaccountinglab.com are a great way
to accentuate the concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
21
Session 1A
ACCT 112 Managerial Accounting
Faculty Evening Session 4B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Complete the group activity assignment.
3. Discuss the importance of the time value of money in addition to present and future value
calculations and how they’re applied in making decisions.
4. Apply the material in chapter 21-22 to assist in the discussion with your current group.
5. Actively engage your fellow students by sharing your existing knowledge of economics and how
you believe the interaction can benefit everyone involved.
Activities, Assignments and Agenda
Reading:
Chapters 23-24 will be reviewed in-class during week 5A.
Individual Assignments
Chap. 21 problems P21-31B & P21-33B page 1047.
Chap. 22 problems P22-22 page 1093.
Study Group Assignments
Chap. 21 Decision Case 21-1 page 1048-1049
Discussion Question:
Capital budgeting and capital investment decisions is not an exact science. We learned several methods this week.
If you were making the final decision on investing $20 million dollars into several projects which method/methods
would you favor and why? Specifically detail why? What’s the direct impact to your company if the process you
select is not correct?
Monitor the online format to ensure students are fully participating in online discussions. Reiterate the importance
of the interactive flashcards and videos available through http://myaccountinglab.com are great supplements that
can be used during the online week.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
22
Session 1B
ACCT 112 Managerial Accounting
Faculty Evening Session 5A
Learning Objectives
1. Build a flexible budget for the Income Statement.
2. Construct an Income Statement performance report.
3. Discuss and identify the benefits of standard costs and learn how to set standards.
4. Analyze and compute standard costs variances for direct materials and direct labor.
5. Compile and analyze manufacturing overhead in a standard cost system.
6. Prioritize and record transactions at standard cost and prepare a standard cost Income Statement.
7. Explain why and how companies decentralize operations.
8. Elaborate why companies use performance evaluations systems.
9. Discuss the balanced scorecard and identify key performance indicators for each perspective.
10. Analyze performance reports to evaluate cost, revenue and profit centers.
11. Solve for ROI, RI and EVA to evaluate investment centers.
Activities, Assignments and Agenda
Reading: Chapters 23-24 pages 1105-1171, Flexible Budgets, Standard Costs & Performance Evaluations.
Individual Assignments
Read and review chapter 23-24 for class discussion.
Individual chapter problems
Study Group Assignments
Team problems
In Class Assignments
Review quiz 2 and ensure students understand any areas of weakness. Facilitate a discussion reviewing
chapter 23 flexible budgets and standard costs and chapter 24 performance evaluations. Engage students
and elaborate how and why mangers use flexible budgets. Lead an online discussion on how the master
budget and flexible budgets differ. Encourage students to engage a discussion regarding standard costing. .
Elaborate on the major advantages and disadvantages of centralization and decentralization of companies.
Draw a real life example to support the students understanding of these concepts
The use of PowerPoints, interactive flashcards and videos provided by http://myaccountinglab.com are a great
way to accentuate the concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
23
Session 1A
ACCT 112 Managerial Accounting
Faculty Evening Session 5B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Complete the group activity assignment.
3. Analyze how performance evaluation and scorecards are incorporated in corporations.
4. Apply the material in chapter 23-24 to assist in the discussion with your current group.
5. Actively engage your fellow students by sharing your existing knowledge of economics and how
you believe the interaction can benefit everyone involved.
Activities, Assignments and Agenda
Reading:
Review chapters 23-24.
Individual Assignments
Quiz 3 covering chapters 21-24.
Chap. 23 problems P23-27A page 1142.
Chap. 24 problem P24-20A page 1184.
Study Group Assignments
Chapter 24 Ethical Issue 24-1 page 1189.
Discussion Question:
This week we learned about centralization and decentralization of planning and making decisions. Which
decision-making method will drive more money to the bottom line? Explain detail how this will happen. Does
one method create an environment of the status quo? Specifically detail your view. If you were a mid-level
manger which method would you prefer and why?
Monitor the online format to ensure students are fully participating in online discussions. Reiterate the
importance of the interactive flashcards and videos available through http://myaccountinglab.com are great
supplements that can be used during the online week.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
24
Session 1B