Spring 2013
COURSE SYLLABUS
GREAT BASIN COLLEGE
ACC 202 MANAGERIAL ACCOUNTING (3 credits) (1001, 1003, 1004, 1005, 1006)
Instructor: Scott Nielsen, MBA, CPA
Office: Berg Hall
Office Phone: (775) 753-2289 (voice mail)
Office Hours: 8:00-5:00 By appointment
E-mail: Through WebCampus Or scott.nielsen@gbcnv.edu
Time: Mon. 7:00-9:45pm
Class dates: 2/4, 3/4, 3/18, 4/1, 4/15, 4/29
Location: HTC 123 (Elko)
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
Chapter 19 homework
system 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. 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.
METHODS OF INSTRUCTION: This is an interactive video(IAV)/WebCampus hybrid course. Topics in this class
will be introduced by a combination of lecture, discussion, working exercises and problems. Ideally, students
should read each chapter before it is discussed in class.
ATTENDANCE: Students are expected to attend class regularly since there are only 7 class meetings! Missing
class does not excuse your responsibility for all lecture notes and assignments covered that period. Students
causing disruptive behavior including, but not limited to, chatting, using cell phones for voice or text messaging, or
using objectionable language (oral or written) may be asked to leave the class. Respect for the instructor and
fellow students is expected.
ACC 202 Spring 2013 TENTATIVE CLASS SCHEDULE
Dates
Week 1
Jan 22
Topics
Introduction to Course & WebCampus
Ch 13: Corps: Organization, Stock Transactions, & Divs
Jan 28
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
CLASS
Feb 4
Feb 11
Ch 16: Statement of Cash Flows
Feb 18
Ch 17: Financial Statement Analysis
Appen Unusual Items on the Income Statement
Feb 25
CLASS
Mar 4
**EXAM 1 (Chapters 13-16)
Ch 18: Intro to Management Accounting
Ch 19: Job Order Costing
Due
Dates
Jan 27
Jan 28
Points
10
20, 10
Feb 3
20, 10
Feb 10
20, 10
Feb 17
20, 10
Feb 24
20, 10
PR18-5A; quiz
PR19-2A,4A;
quiz
Mar 6
Mar 10
100
20, 10
20, 10
Homework
Self-Intro
PR13-1A,4A;
quiz
PR14-1A,4A;
quiz
PR15-2A,4A;
quiz
PR16-1A,5A;
quiz
PR17-1A,4A;
quiz
Mar 11
CLASS
Mar 18
Mar 19-22
Mar 25-30
CLASS
Apr 1
Apr 8
Ch 20: Process Cost Systems
PR20-2A; quiz
Mar 17
20, 10
Ch 21: Cost Behavior & Cost-Volume-Profit Analysis
**EXAM 2 (Chapters 17-20)
**SPRING BREAK**
Ch 22: Budgeting
PR21-6A; quiz
Mar 24
20, 10
100
Apr 7
20, 10
Ch 23: Performance Eval Using Variances from Std Costs
PR22-3A,4A;
quiz
PR23-3A; quiz
Apr 14
20, 10
CLASS
Apr 15
Apr 16-20
Apr 22
Ch 24: Performance Eval for Decentralized Operations
PR24-5A; quiz
Apr 21
20, 10
**EXAM 3 (Chapters 21-23)
Ch 25: Differential Analysis & Product Pricing
Appen Activity-Based Costing
PR25-2A,3A;
quiz
Apr 28
100
20, 10
CLASS
Apr 29
May 6
May 13-17
Ch 26: Capital Investment Analysis
PR26-6A; quiz
May 5
20, 10
Review Chapters
**FINAL EXAM (Chapters 24-26)
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:
3 Exams
Homework
Chapter quizzes
Final exam
Total points
300
290
140
100
830
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 attend all classes, ask questions, 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.