AC-250 Managerial Accounting
Course Syllabus
Marian Gratia G. Medalla, CPA,MBA
F-103, Building F. 3202480 ext. 110
e-mail address: marian_gratia@comfsm.fm
Class Day and Time/Room: TTh 11:00-12:30/B103
Course Description: This course develops concepts and potential ethical issues related to the accounting information
that managers need in carrying out three essential functions within the business enterprise, such as how to plan
operations, to control activities and to make decisions.
A. PROGRAM LEARNING OUTCOMES (PLOs):
The student will be able to:
1. The different functional areas of business – accounting, management, marketing, economics, and finance – by
emphasizing their importance in an organization and describing their interrelationship in the organization’s
attempt to achieve its objectives.
2. The use of cost and managerial accounting concepts and techniques as management tools for planning,
controlling, evaluating performance and making decisions.
3. Business mathematics and elementary statistics by accurately performing common business computations,
statistical data presentation and analysis.
4. Intercultural writing and speaking appropriate for business.
5. The legal environment and ethical challenges confronting business in general and in the FSM, from both local and
global perspectives.
B. STUDENT LEARNING OUTCOMES (SLOs) - GENERAL:
The student will be able to:
1. Identify the kinds of accounting information the manager needs to carry out three essential functions of planning,
controlling, and making decisions.
2. Use cost accounting information to determine product costs for internal management and external financial
reporting.
3. Analyze the role of accounting in business situations and make informed, ethical decisions.
SLO
1
2
3
PLO1
PLO2
ID
IDM
PLO3
PLO4
PLO5
I = Introduced
D = Demonstrated
M = Mastered
C. STUDENT LEARNING OUTCOMES (SLOs) - SPECIFIC:
The student will be able to:
General SLO 1. Identify the kinds of accounting information the manager needs to carry out three essential functions
of planning, controlling, and making decisions.
Student Learning Outcomes
Assessment Strategies
1.1 Describe how budgets are used to plan and how
Assignment, Exam
performance reports are used to evaluate;
distinguish between manufacturing and nonmanufacturing costs and between product and
period costs; describe the flow of product costs in
a manufacturing firm’s accounts; distinguish
between fixed and variable costs, direct and
indirect costs, and controllable and noncontrollable costs.
1.2 Discuss how budgets are used in planning and
Assignment, Exam
control; describe why flexible budgets are needed
for performance evaluation; describe the conflict
between the planning and control uses of budgets.
1.3 Identify the common cost behavior patterns;
estimate the relationship between cost and
activity using account analysis; perform costvolume-profit analysis.
1.4 Explain how standard costs are developed;
calculate and interpret variances; record standard
costs in a manufacturing firm’s accounts.
Assignment, Class Work
Exam
Assignment, Class Work,
Exam
General SLO 2. Use cost accounting information to determine product costs for internal management and external
financial reporting.
Student Learning Outcomes
Assessment Strategies
2.1 Discuss the types of product costing systems;
Assignment, Class Work,
explain the relationship between the cost of jobs
Exam
and Work in Process Inventory, Finished Goods
Inventory, and Cost of Goods Sold; describe how
direct material, direct labor, and manufacturing
overhead are traced to jobs.
2.2 Describe product flows through departments and
Assignment, Class Work,
record cost flows in accounts; discuss the concept Exam
of equivalent units; calculate the cost per
equivalent unit; calculate the cost of goods
completed and the ending work in process balance
in a processing department; describe a production
cost report.
2.3 Explain why indirect cost are allocated; describe
Assignment, Class Work,
the cost allocation process; discuss the allocation
Exam
of joint costs; discuss activity-based costing and
cost drivers.
General SLO 3.Analyze the role of accounting in business situations and make informed, ethical decisions.
Student Learning Outcomes
Assessment Strategies
3.1 Identify potential ethical issues in treating period
Assignment, Exam
costs as product costs and vice versa to reflect
higher income or lower cost of goods sold in the
income statement.
3.2 Select an appropriate cost driver to allocate costs
Assignment, Exam
to products or services in a way that does not
intentionally distort realistic cost calculations.
D. COURSE CONTENT
1. Managerial Accounting and Cost Information-General introduction, Cost Classifications for Manufacturing firms,
Flow of Product Costs in Accounts, Cost of Services.
2. Job-Order Costing and Changes in the Manufacturing Environment Use of Product Cost Information, Types of
Costing Systems, Job-Order Costing System, Flow of Costs, Allocating Overhead to Jobs, Changes in the
Manufacturing Environment and Product Costing Systems.
3. Process Costing - Difference Between Job-Order and Process Costing Systems, Product and Cost Flows,
Calculating Unit Cost, Production Cost Report.
4. Cost-Volume-Profit Relationships - Common Cost Behavior Patterns, Cost Estimation Methods, Cost-VolumeProfit Analysis, Multiproduct Analysis.
5. Cost Allocation and Activity-Based Costing - Purposes of Cost Allocation, Process of Cost Allocation, Allocating
Joint Costs, Problems with Cost Allocation.
6. Budgetary Planning and Control - Developing the Budget, The Master Budget, Budgetary Control, Investigating
Budget Variances
7. Standard Costs and Variance Analysis - Standard Costs and Budgets, Development of Standard Costs, General
Approach to Variance Analysis
E. METHODS OF INSTRUCTION
1. Lectures/discussions
2. Slide Presentations
3. Problem solving
4. Collaborative learning
5. Individual or group projects
6. Online support
F. REQUIRED TEXT(S) AND COURSE MATERIALS
Kinney, M.R. & Raiborn, C.A. (2011). Cost Accounting: Foundations and Evolutions. Ohio: South-Western Cengage
Learning (or most recent edition).
G. REFERENCE MATERIALS
Hansen, D.R., Mowen, M.M., & Guan, L. (2009). Cost Management: Accounting and Control. . Ohio: South-Western
Cengage Learning (or most recent edition).
Maher, M.W., Stickney, C.P., & Weil, R.L. (2008). Managerial Accounting: An Introduction to Concepts, Methods and
Uses. Ohio: South-Western Cengage Learning (or most recent edition).
VanDerbeck, E.J. (2008). Principles of Cost Accounting. Ohio: Thomson South-Western (or most recent edition).
Walther, L. (2011). Principles of Accounting. Retrieved October 25, 2011, from
http://www.principlesofaccounting.com
H. COMPOSITION OF FINAL GRADES
HOMEWORK
CLASSWORK
QUIZZES
EXAMINATION
PERIODIC (MIDTERM OR TENTATIVE
FINAL) GRADE
10%
20%
30%
40%
100%
MIDTERM GRADE
TENTATIVE FINAL GRADE
TOTAL
DIVIDED BY NUMBER OF
GRADING PERIODS
AVERAGE: FINAL GRADE
XX%
XX%
XX%
2
XX%
90%-100%
80%-89%
70%-70%
60-69%
A
B
C
D
59% AND F
BELOW
I. ACADEMIC HONESTY
Any form of cheating is prohibited. Cheaters will get ZERO on that particular evaluation, and possibly be subjected to further
disciplinary actions.
J. CLASS POLICIES
1. No late assignments/class-works will be accepted. Home-works must be done at home, and not in school.
2. No special quizzes will be given, unless the reason for absence include is either to attend the funeral of a close relative;
sickness; to represent the college in an off-campus activity; or if working, if required by the employer, and a valid
documentation is presented.
3. Maximum allowable absence is 5. If your absences exceed this number, you will receive F from this class.
4. Cellular phones and other noise making devices must be set on silent mode while inside the class. Taking calls is
prohibited inside the class.
5. Tardiness from class is discouraged.
6. Anyone can get an “A”, provided he/she worked hard to deserve it.
7. Changes in the syllabus will be immediately communicated to the class.
Date Chapter
1-27
1-29 1, 2
2-03
1, 2
2-05
1, 2
2-10
2-12
5
5
Topic
Review on Topics Covered by
Previous Instructor
Review on Topics Covered by
Previous Instructor
Review on Topics Covered by
Previous Instructor
Job Order Costing: Basic
Job Order Costing: Multiple Job
Orders
Activity
Orientation
Class Activity
Class Activity
Quiz
Class Discussion
Class Discussion / Assignment due today: Cost of Goods
Manufactured and Sold Section of Illustrative Problem,
Problem 42
2-17
5
2-19
2-24
2-26
3-03
3-05
3-10
3-12
5
3
3
1,2,3, 5
4
4
6
3-17
6
3-19
3-24
6
6
3-26
3-31
4-02
4-07
4-09
4-14
6
4-16
7
4-21
7
4-23
9
4-28
4-30
8
5-05
11
11
7
4,6,11,7,9
Job Order Costing with
Predetermined Overhead Rates
Job Order Costing
Predetermined Overhead Rates
Predetermined Overhead Rates
Activity Based Costing (ABC)
Activity Based Costing (ABC)
Process Costing: Even Application of
Costs
Process Costing: Uneven Application
of Costs and Lost Units
Process Costing: Lost Units
Process Costing: Multiple
Departments
Process Costing
Allocation of Costs
Allocation of Costs
Standard Costing and Variance
Analysis: Materials. Labor and
Overhead
Standard Costing and Variance
Analysis
Standard Costing and Variance
Analysis
Break-even and Cost Volume Profit
Analysis
Master Budget
Class Discussion / Assignment due today: Problem 37
Quiz
Class Discussion/Activity: Exercises 21, 26, 28, 31
Quiz, Review for Midterm Examinations
MIDTERM EXAMINATIONS
Class Discussion/Activity: Exercises 19, 22, 29, 32
Quiz
Class Discussion/Activity: Problem 47 Modified: FIFO and
Weighted Average
Class Discussion/Activity: Problem 63
Class Discussion/Activity: Problem 64
Class Discussion/Activity: Problem 60
Quiz
CULTURAL DAY: NO CLASS ACTIVITY
EASTER BREAK: NO CLASS ACTIVITY
Class Discussion/Activity: Exercises 14, 17, 19, 20, 23
Quiz
Class Discussion/Activity: Problem 44
Class Discussion/Activity: Problems 53, 55
Quiz
Class Discussion/Activity: Exercises 23 and 24
Class Discussion/Activity: Problem 49
Quiz: Chapters 8, 9
Review for Final Examinations
FINAL EXAMINATIONS