The University of North Carolina at Greensboro Bryan School of Business and Economics Department of Accounting and Finance ACC 202-01: Managerial Accounting (Fall 2009) Monday, Wednesday 3:30pm – 4:45pm, Room B160 INSTRUCTOR: OFFICE: PHONE: E-MAIL: OFFICE HOURS: Prerequisites: David Upton 323 Bryan Office: 336-256-0186 drupton@uncg.edu Monday, Wednesday 10:30 – 12:00 midday Any time I am in my office you may call or stop by to ask any questions pertaining to the class. Please call 256-0186 or e-mail me if you wish to set a specific appointment. ACC 201 or ACC 218, and 2.0 GPA Objectives: The purpose of this course is to provide students with an understanding of the role of accounting in operating a business. Main topics covered include cash flows, costing systems, cost-volumeprofit analysis, financial budgeting and capital budgeting. In addition, students are expected to demonstrate an understanding of the time value of money. By the end of the course, students should: 1. Distinguish between the various characteristics of cost including the distinction between fixed and variable costs; product and period costs. 2. Demonstrate how costs are assigned to products in both a job costing environment and a process costing environment. 3. Perform cost-volume-profit analysis. 4. Identify relevant costs for decision-making. 5. Understand budget preparation, standard costing and variance analysis, and capital budgeting techniques. Bryan School Faculty and Student Guidelines: http://www.uncg.edu/bae/faculty_student_guidelines.pdf Required Texts/Readings/References: Managerial Accounting: A Focus on Ethical Decision Making, 5th Edition - Jackson, Sawyers, and Jenkins, including Cengage Now (CNOW) Software. ISBN for Bundle: Text + CengageNOW Express Printed Access Card is ISBN: 0324822901 There is a stand-alone CNow Express Instant Access Code available at www.iChapters.com . Follow the link and then search for ISBN 0324788703 1 Course Key: E-YZFK8T3NKFMHK (You will need this to enroll in my section of CNOW – ACC 202 F09) You will find help on how to register CNOW on Blackboard under Course Information Additional Topics and Emphasis of ACC 202 As part of providing an integrative learning experience with other courses you will take in the Bryan School we will intentionally emphasize certain general business concepts, perspectives and skills. Please review the following to see what you can expect: 1. Moderate coverage of technology issues. 2. Moderate coverage of ethical issues. Ethical issues will be addressed in the context of management decisions on various individuals. 3. Little or light coverage of political, diversity, and environmental issues. 4. Moderate coverage of written communication skills. 5. Moderate coverage of group skills. 6. Light to moderate coverage of international issues in the context of decision making for a multinational enterprise. Blackboard: I will provide important information and course materials to you through Blackboard to help your preparation for class. This information will include the course syllabus, powerpoint files for each lecture, selected solutions to class exercises/problems/multiple choice questions and any test review/preparation documents (if applicable). Evaluation Methods and Guidelines for Assignments: CNOW Homework (Individual) In-class exercises 2 Tests @ 22.5% each Final Exam (Comprehensive) 20% 5% 45% 30% 100% Grading Scale: The grading scale is as follows: A+ 97 and above A 93-96 A90-92 B+ 87-89 B 83-86 B80-82 C+ 77-79 C 73-76 C70-72 D+ 67-69 D 63-66 D60-62 F Below 60 2 The grading formula for undergraduate and graduate students differs. The UNCG Graduate School does not permit grades of D for graduate students. Therefore, any grade below 70 will be scored as an F for graduate students. For scores above 70, the grading scale is the same for graduate students as for undergraduate students. Undergraduates will be graded strictly according to the scale above. Homework: Part of your course grade will consist of CNOW Express assignments for each chapter. These assignments will be completed online by each student individually using the assigned login information, and will be scored by the computer. CNOW Express includes a gradebook for tracking your scores on each assignment. I highly recommend that you print each completed assignment and periodically print your gradebook to keep for your records. In the event you submit an assignment and there are subsequent system issues where your grade does not appear in my gradebook, the only means I will have to assign you a grade for the assignment is your printed copy of the assignment (which includes your name and score). I will allow you to drop your lowest one (1) grade on these assignments for purposes of calculating your final course grade. In-Class Exercises: On occasion I will offer in-class exercises that carry points. Usually these will be helpful group exercises designed to give you experience working problems. Each exercise will be worth 1 point with a maximum of 5 points (5%) available towards your final grade. Clearly you need to attend class to receive these points. Examinations: There will be two tests and a final exam which will consist of multiple choice questions for the respective chapters. The first test will cover Chapters 1-4. The second test will cover Chapters 5-7 & 9. Each exam will be held in class, and you will be given no more than 75 minutes to complete each test. The final exam will be comprehensive, consisting of all the material covered during the semester, but more emphasis will be placed on Chapters 10-13 & 17. There will be NO make-up exams. If, in the case of a sincere emergency, you should miss a test, then the weight given your final exam grade will be increased by the weight of the test missed. This would require a documented excuse, such as a doctor’s note. Failure to adhere to this policy will result in a grade of Zero for that examination. Academic Honor Code: Each student is expected to complete all requirements of this course in conformity with UNCG's Academic Integrity Policy. Students should recognize their responsibility to uphold the Academic Integrity Policy and to report apparent violations to the appropriate persons. Students should familiarize themselves with this policy in its entirety: http://academicintegrity.uncg.edu/violation/ Attendance Policy: Regular class attendance is necessary to master the material in the course. Students are expected to take responsibility for their learning in this course. You are also expected to arrive for class on time and stay for the entire class period. Coming to class late and leaving early interfere with the class presentation and disturb the other students in the class. If you know you will arrive late 3 or leave early, please notify me before class starts. If you must miss class, you are responsible for all assigned material plus everything covered in class. Student Conduct: To respect the learning environment for all students, no disruptive behavior is permitted in class. During class lectures and all exams, please turn off cell phones (or set to vibrate) and other electronic devices. You may not leave the room or communicate with anyone during the test. I have included the links to the University and Bryan School conduct policies for your reference: http://studentconduct.uncg.edu/policy/code/ www.uncg.edu/bae/faculty_student_guidelines.pdf Important Dates: Please refer to http://www.uncg.edu/reg/Calendar/acaCal/fa09.html for important dates. Students with Disabilities: If you have a documented disability for which you need special arrangements, please contact the Student Disability Services Office. Their website is: http://ods.dept.uncg.edu/services Any requests for special accommodations must come through that office with the appropriate paperwork. University Inclement Weather Policy If you ever have a question on whether classes are delayed, canceled, or if the university is closed, call 334-4400 or 334-5000. A recorded message will give you the most accurate information. The university’s inclement weather policy can be found at: http://www.uncg.edu/cap/commuter/weather.php What you should do to prepare for each class: Read the relevant pages from the text. Do the study guide questions at the companion website. Do the end of chapter assignments. Helpful 202 Study Suggestions • In order for you to succeed in this course, it is important that you come to class prepared. • Think about solutions or answers to all discussion questions and the assigned problems at the end of each chapter. • Prior to lecture, read (and read again) the chapter with emphasis on comprehension (not memorization). • If you do not understanding a concept, write down your questions and bring them to class. • Take advantage of my office hours. • Since interaction facilitates learning, try to participate in discussion of the material. • Work extra exercises. • Don’t fall behind. Unlike some courses, you cannot learn this material the night before the exam. The course consistently builds on previous material. My goal is to provide a course where you may learn productively and effectively. I invite your suggestions for helping me achieve that goal. 4 Tentative Course Outline – Fall 2009 Date Aug. 24 26 31 Sep. 2 7 9 Topic/Event Chapter 1: Governance, Ethics, and Mgl Decision Making Chapter 2: The Roles of Mgl Accounting Information Chapter 3: Product Costing Chapter 3: Product Costing Labor Day - no class Chapter 4: Cost Behavior 14 16 Chapter 4: Cost Behavior Synthesis & Review for Exam #1 21 23 28 30 Exam #1: CH1-4 (75 min. in class) Chapter 5: Costing Systems Chapter 5: Costing Systems Chapter 6: Activity Based Costing Oct. 5 7 Chapter 6: Activity Based Costing Chapter 7: Cost-Volume-Profit Analysis 12 14 19 Fall Break – Enjoy! Chapter 7: Cost-Volume-Profit Analysis Chapter 9: Relevant Costs 21 26 Chapter 9: Relevant Costs Synthesis & Review for Exam #2 Oct. 28 Nov. 2 4 9 Exam #2: CH5-7 & 9 (75 min. in class) Chapter 10: Capital Budgeting Chapter 10: Capital Budgeting Chapter 11: Budgeting 11 16 Chapter 11: Budgeting Chapter 12: Variance Analysis 18 23 Chapter 12: Variance Analysis Chapter 13: Decentralization 25 30 Happy Thanksgiving! Chapter 17: Cash Flows CNOW Express Homework (HW) Chapter 1&2: C1-46, C2-30, 32, P40 Trial – no points HW Chapter 3: 34, 36, 42, P52 HW Chapter 4: 36, 40, 42, P53 HW Chapter 5: 33, 37, P50, P53 HW Chapter 6: 34, 36, P51 HW Chapter 7: 33, P45, P48 HW Chapter 9: 27, 32, 36, P52, P54 HW Chapter 10: 32, 35, P54 HW Chapter 11: 35, 44, P53, P61 HW Chapter 12: 31, 37, P53 HW Chapter 13: 28, 35, 38, P48 5 Dec. 2 7 TBD Chapter 17: Cash Flows Synthesis & Review for Final Exam HW Chapter 17: 25, 37, P39 Final Exam Notes to Course Outline: 1. All CNOW Express Assignments can be found online and are due (i.e., must be submitted for grading online) by 11:55 pm on the respective dates indicated above. All HW (homework) assignments relate to end-of-chapter Exercises, unless otherwise stated as Problems [P]. 2. You should attempt all multiple choice questions for each chapter as they are excellent preparation for the examinations which will consist of multiple choice questions. In class, I will selectively cover the multiple choice questions based upon available time and areas that appear to be problem areas for the class. However, the answers to all questions are provided to you on CNOW in Practice assignments. 6