COLLIN COUNTY COMMUNITY COLLEGE DISTRICT DIVISION OF BUSINESS AND COMPUTER SCIENCE COLLIN COLLEGE COURSE SYLLABUS

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1 COLLIN COUNTY COMMUNITY COLLEGE DISTRICT DIVISION OF BUSINESS AND COMPUTER SCIENCE COLLIN COLLEGE COURSE SYLLABUS COURSE NUMBER: ACCT 2302 SECTIONS: COURSE TITLE: MANAGERIAL ACCOUNTING COURSE DESCRIPTION: Uses of accounting data by business management, cost behavior analysis, control of manufacturing product costing, cost-volume-profit analysis, budgeting controls, standard costing, responsibility accounting, and capital budgeting. Lab required. CREDIT HOURS: 3 LECTURE HOURS: 3 LAB HOURS: 1 PREREQUISITES: ACCT 2301 COLLEGE REPEAT POLICY: A student may repeat this course only once after receiving a grade, including W. COURSE DELIVERY METHOD: This course will be presented through lectures, supplemented with handouts and overhead transparencies as needed. Student participation through questions and discussion will be encouraged. There will be a computer lab in which students will work on assignments using the spreadsheet template for Excel both in class and out of class. Students will meeting outside of class in groups. We will have a class web site on webct hosted by the college which will be provided the first day of class. INSTRUCTOR S INFORMATION: NAME: Professor Miller OFFICE NUMBER: K229 in suite K225 OFFICE HOURS: TBA OFFICE PHONE: pmiller@ccccd.edu DIVISION OFFICE: located at PRC CLASS INFORMATION: See class schedule. TEXTBOOK: Management Accounting The Cornerstone for Business Decisions, 3 rd edition by Mowen & Hansen SUPPLIES: Required: Scantron Form Page July 29, 2009

2 Calculator (NO GRAPHING OR PROGRAMMABLE CALCULATORS ALLOWED, ALSO NO CELL PHONES, DICTIONARIES, PALM PILOTS ETC. MAY BE USED AS CALCULATORS) #2 pencil and eraser, paper COURSE REQUIREMENTS: 1. Attend all classes 2. Complete all exams successfully. 3. Complete excel projects successfully. 4. Prepare for and participate in group meetings to facilitate all members success in the course. 5. Complete quizzes successfully. METHOD OF EVALUATION: points Assignments 100 points Quizzes 90 points TOTAL-approximately 940 points A 90% of 940 points or 846 B 80% of 940 points or 752 C 70% of 940 points or 658 D 60% of 940 points or 564 F < 60% of 940 points or 563 ATTENDANCE RESTRICTIONS: The instructor cannot withdraw you from class. If a student finds it necessary to drop the course, it is the student s responsibility to go to the student admissions office and obtain, complete, and turn in to the registrar a formal withdrawal by the drop date which is (see credit course schedule). Failure to do so will result in a final grade of F. Attendance is required. Tardiness or leaving class early is the same as an absence. If an absence occurs at the time any points are taken a grade of 0 will result for that day. Quizzes cannot be made up, however I will drop 2 quizzes at the end of a semester which will allow you to drop zeros received for no more than 2 quizzes. Computer assignments are collected at the beginning of class on the date designated at the time the assignment is made. Assignments turned in later are considered late and will be accepted only at the discretion of the instructor and subject to a late penalty of one letter grade. It is the policy of this instructor to totally avoid the use of incomplete (I) grades. If you miss an exam because of a true emergency you should immediately leave me a message. At the instructor s discretion and with objective evidence of the emergency I will consider allowing a student to make up the exam before the day of the next class meeting. Missed exams will result in a grade of zero. No make-up exams will be given. Exams must always be returned to the instructor and are retained by the instructor. Please make notes of any problem areas you may have on a separate piece of paper as you are going over the test before they are returned to the instructor. RELIGIOUS HOLIDAYS: please refer to the current Collin Student Handbook AMERICANS WITH DISABILITIES ACT COMPLIANCE: 2 Page July 29, 2009

3 It is the policy of Collin County Community College to provide reasonable accommodations for qualified individuals who are students with disabilities. This College will adhere to all applicable federal, State and local laws, regulations and guidelines with respect to providing reasonable accommodations as required to afford equal educational opportunity. It is the student s responsibility to contact the ACCESS office, SCC-G200 or (V/TTD: ) in a timely manner to arrange for appropriate accommodations. ACADEMIC ETHICS: The College District may initiate disciplinary proceedings against a student accused of scholastic dishonesty. Scholastic dishonesty includes, but is not limited to, statements, acts, or omissions related to applications for enrollment or the award of a degree, and/or the submission as one s own work material that is not one s own. Scholastic dishonesty may involve, but is not limited to, one or more of the following acts: cheating, plagiarism, collusion, use of annotated texts or teacher s editions, and/or falsifying academic records. Plagiarism is the use of an author s words or ideas as if they were one s own without giving credit to the source, including, but not limited to, failure to acknowledge a direct quotation. Cheating is the willful giving or receiving of information in an unauthorized manner during an examination, illicitly obtaining examination questions in advance, copying computer or Internet files, using someone else s work for assignments as if it were one s own, or any other dishonest means of attempting to fulfill the requirements of a course. Collusion is intentionally aiding or attempting to aid another in an act of scholastic dishonesty, including but not limited to, providing a paper or project to another student; providing an inappropriate level of assistance; communicating answers to a classmate during an examination; removing tests or answer sheets from a test site, and allowing a classmate to copy answers. A student's personal integrity will be essential to successfully completing this course. Personal integrity will be evaluated on the following basis: 1. All assignments, homework, tests, and labs are to be completed by the student, not copied. There is a difference between copying from someone else and getting help from someone. 2. If cheating is detected, all parties involved will be denied any points for that project or exam. 3. Students are expected to abide by all the requirements denoted in the syllabus. The student's attendance at lectures after having received the syllabus will be considered acceptance of the responsibilities designated herein. 4. During exams and quizzes students looking in the direction of a neighbor will automatically assumed to be cheating. Keep your eyes on your own paper. Hats may be requested to be removed. Cell phones must be turned off and put away during all class times, including quizzes and exams. NOTE:A copy of the generic syllabus is available in the division office and on the college web site at 3 Page July 29, 2009

4 TENTATIVE SCHEDULE: See schedule in current syllabus. TUTORING: A tutoring lab is located in Room BB221 which is upstairs on the Spring Creek Campus. The hours will be announced in class. Also tutoring is available through Michele Boverie at in the ACCESS office. STUDENT BEHAVIOR: Appropriate student behavior is expected in the classroom. Disruptive student behavior will be referred to the proper authority. Cell phones and beepers must be turned off before entering the classroom. Chapter One-Introduction to Management Accounting ACCOUNTING 2302 LEARNING OBJECTIVES 1. Explain the meaning of management accounting. 2. Explain the differences between management accounting and financial accounting. 3. Identify and explain the current focus of management accounting. 4. Describe the role of management accountants in an organization. 5. Explain the importance of ethical behavior for managers and management accountants. 6. Identify three forms of certification available to management accountants. Chapter Two Basic Management Accounting Concepts 1. Explain the meaning of cost and how costs are assigned to products and serv ices. 2. Define the various costs of producing products and services, as well as the costs of selling and administration. 3. Prepare income statements for manufacturing and service organizations. Chapter Three-Cost Behavior 1. Explain the meaning of cost behavior and define and describe fixed and variable costs. 2. Define and describe mixed and step costs. 4 Page July 29, 2009

5 3. Separate mixed costs into their fixed and variable components using the high-low method, the scattergraph method, and the method of least squares. 4. Use a personal computer spreadsheet program to perform the method of least squares. Chapter Four- Cost-Volume-Profit Analysis 1. Determine the break-even point in number of units and in total sales dollars. 2. Determine the number of units that must be sold, and the amount of revenue required, to earn a targeted profit. 3. Prepare a profit-volume graph and a cost-volume-profit graph and explain the meaning of each. 4. Apply cost-volume-profit analysis in a multiple-product setting. 5. Explain the impact of risk, uncertainty, and changing variables on cost-volume-profit analysis. Chapter Five-Job-Order Costing 1. Describe the differences between job-order costing and process costing and identify the types of firms that would use each method. 2. Compute the predetermined overhead rate and use the rate to assign overhead to units or services produced. 3. Identify and set up the source documents used in job-order costing. 4. Describe the cost flows associated with job-order costing. 5. Prepare the journal entries associated with job-order costing. Chapter Six-Process Costing 1. Describe the basic characteristics and cost flows associated with process manufacturing. 2. Define equivalent units and explain their role in process costing. Explain the differences between the weighted average method and the FIFO method of accounting for process costs. 3. Prepare a departmental production report using the weighted average method. 4. Explain how nonuniform inputs and multiple processing departments affect process costing. 5 Page July 29, 2009

6 Chapter Seven-Activity-Based Costing and Management 1. Explain why functional-based costing approaches may produce distorted costs. 2. Explain how an activity-based costing system works for product costing. 3. Describe activity-based customer and supplier costing. 4. Explain how activity-based management can be used for cost reduction. 5. Explain the basics of quality cost management. 6. Explain the basics of environmental cost management. Chapter Eight-Profit Planning 1. Define budgeting and discuss its role in planning, control, and decision making. 2. Define and prepare the operating budget, identify its major components, and explain the interrelationships of its various components. 3. Define and prepare ther financial budget, identify its major components, and explain the interrelationships of its various components. 4. Describe the behavioral dimension of budgeting. Chapter Nine-Standard Costing 1. Explain how unit standards are set and why standard cost systems are adopted. 2. Explain the purpose of a standard cost sheet. 3. Describe the basic concepts underlying variance analysis and explain when variances should be investigated. 4. Compute the materials variances and explain how they are used for control. 5. Compute the labor variances and explain how they are used for control. 6. Define kaizen and target costing and explain their relationship to traditional standard costing. Chapter Ten-Flexible Budgets and overhead analysis 1. Prepare a flexible budget and use it for performance reporting. 6 Page July 29, 2009

7 2. Calculate the variable overhead variances and explain their meaning. 3. Calculate the fixed overhead variances and explain their meaning. 4. Prepare an activity-based flexible budget. Chapter Eleven-Performance Evaluation, Variable Costing, and Decentralization 1. Explain how and why firms choose to decentralize. 2. Explain the difference between absorption and variable costing. Prepare segmented income statements. 3. Compute and explain return on investment (ROI). 4. Compute and explain residual income and economic value added (EVA). 5. Explain the role in transfer pricing in a decentralized firm. 6. Explain the uses of the Balanced Scorecard and compute cycle time, velocity, and manufacturing cycle efficiency (MCE). Chapter Twelve-Short-Run Decision Making: Relevant Costing and Inventory Management 1. Describe the short-run decision-making model and explain how cost behavior affects the information used to make decisions. 2. Apply relevant costing and decision-making concepts in a variety of business situations.. 3. Choose the optimal product mix when faced with one constrained resource.. 4. Explain the impact of cost on pricing decisions. 5. Discuss inventory management under the economic order quantity and JIT models. Chapter Thirteen-Capital Investment Decisions 1. Explain what a capital investment decision is and distinguish between independent and mutually exclusive capital investment decisions. 2. Compute the payback period and accounting rate of return for a proposed investment and explain their roles in capital investment decisions. 3. Use net present value analysis for capital investment decisions involving independent projects. 7 Page July 29, 2009

8 4. Use the internal rate of return to assess the acceptability of independent projects.. 5. Explain the role and value of postaudits. 6. Explain why NPV is better than IRR for capital investment decisions involving mutually exclusive projects. Chapter Fourteen-Support Department Cost Allocation 1. Describe the difference between support departments and producing departments. 2. Calculate single and multiple charging rates for a support department. 3. Assign support department costs to producing departments using the direct, sequential, and reciprocal methods.. 4. Calculate departmental overhead rates. 8 Page July 29, 2009