SYLLABUS
1. Wayland Baptist University, Sierra Vista Campus, School of Business
2. Mission Statement: Wayland Baptist University exists to educate students in an academically challenging, learning-focused and distinctively Christian environment for professional success and service to God and humankind.
3. Course: Name – ACCT 3308 – Managerial Accounting
4. Term: Summer Term 2011
5. Instructor: Andrea Wormley
6. Office email: Managerial_Accounting@yahoo.com
7. Office Hours, Building, and Location: None
8. Class Meeting Time and Location: Mondays @ 5:30pm @ Army Education Center
9. Catalog Description: An overview of managerial accounting including, but not limited to, activity-based costing, costs for decision-making, budgeting, controlling, product costing, inventory management tools, quality costs, and cost-volume-profit analysis. Credit will not be awarded toward degree for both ACCT 2306 and ACCT 3308.
10. Prerequisites: ACCT 3307
11. Required Textbook and Resources:
BOOK AUTHOR ED
YEA
R
PUBLISHER ISBN# REVIEW
Financial and
Managerial
Accounting
Warren 10 th 2009
Cengage
Learning
0324804865 Spring 12
CHAPTERS: 11 - 12, 14, 16 - 19, 21, 23 -26
12. Optional Materials: none
13. Course Outcome Competencies: Describe the differences between managerial and financial accounting.

Evaluate the organizational role of management accountants.

Define and illustrate materials, factory labor, and factory overhead costs.

Describe accounting systems used by manufacturing businesses.

Describe and prepare summary journal entries for a job order cost accounting system.

Distinguish between job order costing and process costing systems.

Explain and illustrate the physical flows and cost flows for a process manufacturer.

Calculate and interpret the accounting for completed and partially completed units under the FIFO method.

Prepare a cost of production report.

Prepare journal entries for transactions of a process manufacturer.



Use cost of production reports for decision making.

Contrast just-in-time processing with conventional manufacturing practices.
Classify costs by their behavior as variable costs, fixed costs, or mixed costs.
Compute the contribution margin, the contribution margin ratio, and the unit contribution to achieve a target profit.

Using the unit contribution margin, determine the break-even point and the volume necessary to achieve a

Assignments
Exams
Final
Total Points target profit.

Using a cost-volume-profit chart and a profit-volume chart, determine the break-even point and the volume necessary to achieve a target profit.
14. Classroom Policies:
1. Cell phones are to be set to vibrate before the start of class. Phone calls should only be taken in a genuine
EMERGENCY.
2. Texting during class is not allowed for any reason. You can do all the texting/phoning you would like during our break.
3. The University allows for 3 absences for this class.
4. I also expect you to arrive on time. If you are more than 15 minutes late, it will be considered ½ an absence.
5. If you know you will be absent for a class, please notify me in advance; if an emergency comes up during the week, please email me to let me know you will not be in class.
6. The “Buddy” system: Please make sure you have a friend in class you can call in case you are absent.
You are responsible for whatever you miss when you are not in class. Indicating that you were absent when material was covered as an answer for a final exam question won’t do it.
15.
Disability Statement: “In compliance with the Americans with Disabilities Act of 1990 (ADA), it is the policy of Wayland Baptist University that no otherwise qualified person with a disability be excluded from participation in, be denied the benefits of, or be subject to discrimination under any educational program or activity in the university. The Coordinator of Counseling Services serves as the coordinator of students with a disability and should be contacted concerning accommodation requests at
(806) 291- 3765. Documentation of a disability must accompany any request for accommodations.”
16: Course Requirements and Grading Criteria:
Activity Point Value Number Total Value
60
80
80
10
4
1
600
320
80
1000

17. Tentative Schedule: (Calendar, Topics, Assignments)
Main Topics
Week 1
May 23rd
Ch 11 Corporations: Organization,
Stock Transactions, and Dividends
Ch 12 Long-Term Liabilities
Week 2
May 30th
Memorial Day No Class
Week 3
June 6th
Ch 14 Statement of Cash Flows
Ch 16 Managerial Accounting
Concepts and Principles
Week 4
June 13th
Ch 17 Job Order costing
Ch 18 Process Cost Systems
Week 5
June 20th
Week 6
June 27th
Week 7
July 4th
Week 8
July 11th
Week 9
July 18th
Week 10
July 25th
Week 11
Aug 1st
Ch 19 Cost Behavior and cost
Ch 21 Budgeting
Ch 23 Performance Evaluation for
Decentralized Operations
Ch 24 Differential Analysis and
Product Pricing
Independence Day No class
Ch 25 Capital Investment Analysis
Ch 26 Cost Allocation and Activity
Review
Final Test
Objectives

Evaluate the organizational role of management accountants.

Define and illustrate materials, factory labor, and factory overhead costs.

Describe accounting systems used by manufacturing businesses.

Describe and prepare summary journal entries for a job order cost accounting system.

Distinguish between job order costing and process costing systems.

Explain and illustrate the physical flows and cost flows for a process manufacturer.

Calculate and interpret the accounting for completed and partially completed units under the
FIFO method.

Prepare a cost of production report.

Prepare journal entries for transactions of a process manufacturer.

Use cost of production reports for decision-making.

Contrast just-in-time processing with conventional manufacturing practices.

Classify costs by their behavior as variable costs

Compute the contribution margin

Using the unit contribution margin

Using a cost-volume-profit chart and a profit-volume chart

All Competencies

18. Additional information as desired by the faculty member: none
Proctor Hours
No proctors are available on dates that the offices are closed. Please arrive early enough to complete the exam prior to the close of business. Test proctoring is available on the final Saturday of the term from 8am to 2pm at the
Landmark office only and only by prior appointment.
Landmark office:
Monday - Wednesday 8 AM - 9 PM
Thursday- 10 AM- 9 PM
Friday- 8 AM- Noon
Fort Huachuca office:
Monday - Wednesday 8 AM - 5 PM
Thursday- 10:30 AM- 5 PM
Friday- 8 AM- Noon