Heartland Community College
Social and Business Sciences Division
Course Syllabus for Students – Spring 2012
Course Prefix and Number: ACCT 201 – 91
Course Title: Managerial Accounting
Prerequisite: ACCT 200 and Math 106 or Math 109 with a grade C or better
Credit Hours:
4
Lecture Hours: 4
Days and times the course meets:
Laboratory Hours: 0
On-line Course
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:
Karen Mitchusson, M.A., C.P.A.
Office location:
Office phone:
E-Mail:
Office hours:
2011 ICN
(309) 268-8571
karen.mitchusson@heartland.edu
Monday 8:00am-9:00, Wednesday 11:00am-1:00, Tuesday & Thursday
11:00am-12:00, and other times by appointment
TEXTBOOK AND SUPPLIES:
Garrison, Ray H. 2012. Managerial Accounting, 14th Ed. McGraw Hill - Irwin.
Access Code to McGraw-Hill Connect Homework Manager Program
Calculator
Websites: www.heartland.edu
www.mhhe.com/garrison14e
connect.mcgraw-hill.com
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.
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COURSE OBJECTIVES (Learning Outcomes):
Outcomes
General
Education
Outcomes
1. Describe the role managerial accounting plays in planning,
control, and decision making activities of a business.
2. Record the flow of materials, labor, and overhead through
3.
4.
5.
6.
7.
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10.
11.
12.
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.
14. Identify and interpret the effect of globalization on
manufacturing entities in the US
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
Class activities
Quiz/Test questions
CT1
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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
METHODS OF INSTRUCTION:
Instructor’s Responsibilities:
The instructor will direct the class through the material contained in this course using Blackboard, email
and Connect Accounting. As communication is essential in an online course, emails, discussions, and
updates to the course content will continually occur during the semester. Every effort will be made to
meet the needs of students and assist in the mastery of the skills and knowledge required for
understanding the concepts in this course.
Student Responsibilities:
Students are required to have a textbook and the Connect access code for this course. The
textbook and the Connect program offer you many web-based resources designed with active
student learning in mind. Students will use Blackboard to access the course information,
expectations and content by unit. Accounting is learned by doing, the more you utilize the
available resources the greater opportunity you will have for success.
It is imperative that students log into Blackboard as the login to Blackboard determines
participation in the online classroom. This course will be delivered using the resources provided
by the textbook and the Connect Accounting program.
Students will be required to:
 Have access to a computer to take this online course
 Have access to the Connect Accounting program  connect.mcgraw-hill.com
 Log into the Blackboard and Connect Accounting course sites on a regular basis
 Access textbook website for additional resources  www.mhhe.com/garrison14e
 Participate in online discussion
 Check HCC email at least twice a week  www.heartland.edu
 Actively participate in all course related activities
 Read all assigned readings
 Complete homework, assignments, quizzes, and projects
 Complete research using the Internet
 Complete all exams as required
 Complete all work by due dates
 Communicate with instructor when you encounter difficulties with course materials
Don’t let yourself fall behind – it can be devastating in a class like this.
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Participation
Students are expected to participate in a meaningful way during the semester. Both the quality and
timeliness of responses and assignments will be considered. Ways in which to participate during the
semester include e-mail and discussions. Merely logging into the course does not count as participation –
that is considered attendance in the course. You must be actively seeking knowledge or sharing insights.
The expectation of the instructor is that students will log on a minimum of two times every seven days. It
is critical that you log in to check for any announcements, changes in due dates, or new assignments.
Course Changes:
Students must log into Blackboard, Connect and their email account regularly to check for course
modifications, due dates, exam times, assignments, and other pertinent information. The syllabus is a
guideline for the presentation of the course, but changes may be made at any time at the discretion of the
instructor.
METHOD OF EVALUATION
Grading System:
Grades will be based on required assignments and Connect Accounting homework, assignments, quizzes,
exams, assignments, projects, participation, and discussions. All work must be submitted by 11:59pm on
due date.
Homework in Connect Accounting is one point per assigned homework (one homework may have more
than one question). Homework problems are to be used to help you understand the material because you
will learn by doing. If you understand the material and the problems illustrated in the readings, it may not
be necessary for you to work every exercise on the topic unless you feel it is necessary for you to fully
understand the material. Therefore, it is not required that you work every homework problem. At the end
of each unit, the homework points will be added to your grade based on the following:



If you successfully complete 75% or more of the homework you will receive full credit
for homework which is one point per assigned homework problem.
If you successfully complete 60-74% of the homework you will receive 3/4 credit for
homework.
If you successfully complete less than 60% of the homework you will receive the actual
points you earned for the homework.
Additionally if at the end of the course, you worked 70% or more of the total homework problems for the
semester, you will receive 5 extra credit points added to the last exam.
Quizzes required in Connect Accounting will be submitted online at connect.mcgraw-hill.com. All
quizzes are 10 points each and you will have 2 attempts. Your quiz grade will be the average of the
attempts. The quizzes must be completed by deadline listed. In determining your course grade, the lowest
four Connect Accounting quiz grade will be dropped.
Other assignments (Chapter 1) will be submitted via email. The assignments must be completed by
deadline.
Discussions required to be posted in Blackboard will be part of your course participation.
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Exams will be given online through Connect. They will consist of problems and multiple choice questions
which are included to test your conceptual understanding of the material. All exams will have a time
limit. You typically have a three day window in which to take your exam. This means that you may
choose any day or time to take the exam within the window. However, once you open the exam, the timer
will start and you must complete the exam at that time. You can only open an exam once. Once the time
runs out or you finish, your grade will be immediately calculated. You will not be able to review the
questions until after the window has closed for the class. All exams will count toward your course grade.
Exam
Exam Material
Exam 1
Exam 2
Exam 3
Exam 4
Chapters 1 -3
Chapters 4-6
Chapters 7, 8 & 10
Chapters 12 – 15 & Comprehensive Questions
Extra credit is typically given with each exam. The points will be added to your exam score before the
grade is entered into the gradebook. No other extra credit is available for this course.
Graded Content
Connect Quizzes (20 at 10 points)
Projects (7 at 15 points)
Homework (1 point each)
Assignments (Chapter 1)
Exams (3 at 110 points, final 170)
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

Possible
Points
200
105
50
10
550
915
Percentage
of Grade
22%
11.5%
5.5%
1%
60%
100.00%
No exam grades will be dropped
All exams are required
The final is comprehensive
Please note that based on the above table that the majority of your grade is from exams during the
semester
Grading Scale:
The grading scale used to determine course grade is as follows:
90 – 100%
80 – 89%
70 – 79%
60 – 69%
Below 60%





=
=
=
=
=
A
B
C
D
F
All graded work must be completed by the due dates to receive full credit. Extending the due
date for any student will only occur at the instructor’s discretion.
Students are expected to use calculators during homework, assignments, quizzes and
examinations.
Students are responsible for completing within the allotted time period in case of calculator
failure.
Students are responsible for having access to a working computer to complete assignments and
exams by due dates
Students should not wait until the last hours of the exam window in case of computer failure. You
need a back-up plan.
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Policies on Make-ups:
***
MAKEUP EXAMS ARE USUALLY NOT GIVEN FOR AN ONLINE COURSE
UNLESS EXTREME SITUATION OCCURS AND THEN ONLY AT THE DISCRETION
OF THE INSTRUCTOR. ***
Reproduction of the contents of the exam by any process will result in your receiving a grade of "F" for
the course. Plagiarism or copying someone else’s graded work will result in an “F”.
Attendance Policy:
Attendance is an important part of the educational process. Attendance is based on students logging into
the Blackboard and Connect Accounting site. Participation in the course will be evaluated by the
instructor and may be considered in determining your final course grade.
Required Writing and Reading:
The reading materials are designed to provide the basis needed for the study of managerial accounting.
We will not necessarily review all of the information contained in the daily reading assignments.
Students will be responsible for all information presented in assigned text readings.
Student End of Course Surveys
During the last of the semester, students will be asked to share opinions on the course and college services
by filling out a Student End of Course Survey. This information is important. Please be sure to complete
your survey by the course ending date.
Disclaimer
The instructor reserves the right to alter the course syllabus as circumstances dictate. Any changes will be
announced via email and/or posted on Blackboard or Connect Accounting. It is the student’s
responsibility to check the class resources for changes and new information.
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Managerial Accounting ACCT 201
Course Schedule*
Chapter
Activities/Assignments
Read and Complete Course Information,
Getting Started Syllabus, Getting Started Information,
Register into Connect
Chapter 1
Managerial Accounting: An Overview
Chapter Activity List
LearnSmart
Graded Assignments/Due Dates
Getting Started Assignment #1 Due
1/22
Assignment #1 (5 points) Due 1/22
Assignment #2 (5 points) Due 1/22
Chapter 2
Managerial Accounting and Cost Concepts
Chapter Activity List
Ex 11 (10 points) Due 1/29
Ex 1, 2, 3, 4, 5, 6, 7
Ex 13 (10 points) Due 1/29
LearnSmart
Project (15 points) Due 1/29
Chapter 3
Job-Order Costing
Chapter Activity List
Ex 1, 2, 4, 6, 7
LearnSmart
Statements (10 points) Due 2/5
Ex 12 (10 points) Due 2/5
Ex 19 (10 points) Due 2/5
Project (15 points) Due 2/5
Review Chapters 1 -3
Chapter 4
Chapter 5
Chapter 6
Exam 1 Chapters 1 – 3
EXAM 1: February 10-12
Process Costing
Chapter Activity List
Ex 1, 6, 11, 12
LearnSmart
Ex 7 (10 points) ) Due 2/19
Ex 9 (10 points) Due 2/19
Project (15 points) Due 2/19
Cost-Volume-Profit Relationships
Chapter Activity List
Ex 5, 6, 8, 9
LearnSmart
Ex 10 (10 points) Due 2/26
Ex 11 (10 points) Due 2/26
Ex 15 (10 points) Due 2/26
Variable Costing and Segment Reporting: Tools for Management
Chapter Activity List
Ex 7 (10 points) Due 3/4
Ex 1, 2, 3, 4, 9, 10
Ex 11 (10 points) Due 3/4
LearnSmart
Project (15 points) Due 3/4
Exam Review Chapters 4-6
Exam 2 Chapters 4-6
EXAM 2 March 9-11
* This is a summary, please refer to the Activity List for each chapter found in blackboard for
specific details of all assignments required for the course.
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Chapter 7
Chapter 8
Chapter 10
Activity-Based Costing
Chapter Activity List
Ex 2, 3, 4
LearnSmart
Profit Planning
Chapter Activity List
Ex 1, 2, 3, 7, 8, 9
LearnSmart
Standard Costs and Variances
Chapter Activity List
Ex 4, 6, 7, 8
LearnSmart
Ex 5 (10 points) Due 3/25
Ex 11 (10 points) Due 3/25
Ex 17 (10 points) Due 3/25
Project Internet Research/Summary
Paper (15 points) Due 3/25
Ex 13 (10 points) Due 4/1
Ex 14 (10 points) Due 4/1
Project (15 points) Due 4/1
Ex 9 (10 points) Due 4/8
Ex 11 (10 points) Due 4/8
Review Chapters 7, 8 & 10
Exam 3 Chapters 7, 8 & 10
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Differential Analysis
Chapter Activity List
Ex 2, 3, 4, 8
LearnSmart
Capital Budgeting Decisions
Chapter Activity List
Ex 1, 4, 5, 6
LearnSmart
Statement of Cash Flows
Chapter Activity List
Ex 1, 2, 3, 8
LearnSmart
EXAM 3 April 13-15
Ex 5 (10 points) Due 4/22
Ex 7 (10 points) Due 4/22
Ex 7 (10 points) Due 4/29
Ex 11 (10 points) Due 4/29
Ex 6 (10 points) Due 5/9
Project (15 points) Due 5/9
Financial Statement Analysis
Chapter Activity List
Ex 1, 10
LearnSmart
Review Chapters 12- 15
Exam 4 Chapters 12-15 &
Comprehensive Questions
EXAM 4 May 11-13
* This is a summary, please refer to the Activity List for each chapter found in blackboard for
specific details of all assignments required for the course.
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