Spring 2011
COURSE SYLLABUS
GREAT BASIN COLLEGE
ACC 202 MANAGERIAL ACCOUNTING (3 credits) (I01, IK1)
Instructor: Mrs. Star Thomson, MBA, CPA
E-mail: Through WebCampus (preferred)
Or StarT2@gwmail.gbcnv.edu
COURSE MATERIALS
1) Textbook: Accounting, by Warren, Reeve, Duchac, 23e, South-Western Cengage Learning, 2009. (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
Upon completion of the course the student will be able to:
1. Identify a corporation’s characteristics; prepare stockholders’ equity section; account
for stock issuance, cash & stock dividends, treasury stock transactions; stock splits.
2. Account for bonds payable issuance & redemption, interest expense, installment
notes; report long-term liabilities (bonds and notes payable) on the balance sheet,
3. Account for debt & equity investments; value & report investments in financial
statements; describe fair value accounting & its implications for the future.
4. Identify purposes of a cash flow statement (CFS); prepare a CFS using the direct
& indirect methods; distinguish among operating, investing, & financing activities.
5. Perform horizontal & vertical analyses of financial statements; prepare common-sized
statements; compute & use standard financial ratios to assess solvency & profitability of
a business; describe corporate annual reports.
6. Describe managerial accounting, its role in business, its uses; classify costs; prepare
an income statement, balance sheet, & cost of goods manufactured statement.
7. Describe cost accounting systems used in manufacturing; use a job order cost
system for manufacturing, for decision making, and for a service company.
8. Use process costing to prepare journal entries; prepare a cost of production report &
use it in decision making; compare JIT with traditional manufacturing processing.
9. Use cost-volume-profit (CVP) analysis to classify costs, compute breakeven & sales
for a target profit for single & multiple product lines; use a CVP chart & a profit-volume
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
master budget; prepare income statement & balance sheet budgets for manufacturing.
MEASUREMENT
Chapter 13 homework
problems, quiz, Exam 1
Chapter 14 homework
problems, quiz, Exam 1
Chapter 15 homework
problems, quiz, Exam 1
Chapter 16 homework
problems, quiz, Exam 1
Chapter 17 homework
problems, quiz, Exam 1
Chapter 18 homework
problems, quiz, Exam 2
Chapter 19 homework
problems, quiz, Exam 2
Chapter 20 homework
problems, quiz, Exam 2
Chapter 21 homework
problems, quiz; Exam 2
Chapter 22 homework
problems, quiz; Final
Exam
Chapter 23 homework
problems, quiz; Final
Exam
Chapter 24 homework
problems, quiz, Final
Exam
11. Describe types of standards & how they are used in budgeting; compute & interpret
variances for direct materials & direct labor, factory overhead controllable & volume;
record transactions at standard cost, prepare a standard cost income statement.
12. Prepare a responsibility accounting report for a cost center & a profit center;
compute & interpret the rate of return on investment, residual income, & balanced
scorecard for an investment center; use market price, negotiated price, & cost price in
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. Unlimited
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.
METHODS OF INSTRUCTION This is an Internet/WebCampus course. Topics in this class will be introduced by a
combination of reading assignments, discussion, working exercises and problems. Ideally, students should read
each chapter before it is discussed.
PARTICIPATION Students are expected to participate on-line regularly. Respect for the instructor and fellow
students is expected.
ACC 202 Spring 2011 TENTATIVE CLASS SCHEDULE
Homework
Self-Intro
PR13-1A, 4A;
quiz
PR14-1A, 4A;
quiz
Due
Dates
Jan 30
Jan 30
Jan 30
Feb 6
Feb 6
Points
5
5, 5
5
5, 5
5
Ch 15: Investments & Fair Value Acctg
Appen 1 Acctg for Held-to-Maturity Investments
Appen 2 Comprehensive Income
Ch 16: Statement of Cash Flows
PR15-1A, 2A;
quiz
Feb 13
Feb 13
5, 5
5
PR16-1A, 5A;
quiz
Feb 20
Feb 20
5, 5
5
WEEK 5
Feb 21-27
Ch 17: Financial Statement Analysis
Appen Unusual Items on the Income Statement
PR17-1A, 4A;
quiz
Feb 27
Feb 27
5, 5
5
WEEK 6
Feb 28- Mar 6
WEEK 7
Mar 7-13
WEEK 8
Mar 14-20
**EXAM 1 (Chapters 13-17)
Mar 4-6
100
WEEK 9
Mar 21-27
WEEK 10
Mar 28-April 3
**SPRING BREAK**
WEEK 11
Apr 4-10
WEEK 12
Apr 11-17
WEEK 13
Apr 18-24
Apr 29
WEEK 14
Apr 25-May 1
WEEK 15
May 2-8
WEEK 16
May 9-15
WEEK 17
May 16-20
**EXAM 2 (Chapters 18-21)
Dates
WEEK 1
Jan 24-30
Topics & Reading Assignments
Introduction to Course & WebCampus
Ch 13: Corps: Organization, Stock Transactions, & Divs
WEEK 2
Jan 31- Feb 6
Ch 14: Long-Term Liabilities: Bonds & Notes
Appen 1 PV Concepts & Pricing Bonds Payable
WEEK 3
Feb 7-13
WEEK 4
Feb 14-20
Ch 18: Intro to Management Accounting
PR18-5A; quiz
Mar 13
5, 5
Ch 19: Job Order Costing
PR19-2A, 4A;
quiz
Mar 20
5, 5
5
PR20-2A; quiz
PR21-6A; quiz
Apr 3
Apr 7
5, 5
5, 5
Apr 8-10
100
Ch 23: Performance Eval Using Variances from Std Costs
PR22-3A, 4A;
quiz
PR23-3A; quiz
Apr 17
Apr 17
Apr 24
5, 5
5
5, 5
**Official Course Drop Deadline**
Ch 24: Performance Eval for Decentralized Operations
PR24-5A; quiz
May 1
5, 5
Ch 25: Differential Analysis & Product Pricing
Appen Activity-Based Costing
Ch 26: Capital Investment Analysis
PR25-2A, 3A;
quiz
PR26-6A; quiz
May 8
5, 5
5
5, 5
Ch 20: Process Cost Systems
Ch 21: Cost Behavior & Cost-Volume-Profit Analysis
Ch 22: Budgeting
**FINAL EXAM (Chapters 22-26)
May 15
May 1518
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.
Course Requirements:
2 Exams
Homework
Chapter Quizzes
Final Exam
Total Points
270
110
70
150
600
Letter Grade Equivalents:
A 95-100%; A- 90-94%;
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 read the textbook, ask questions, participate in class
discussions 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.