| Course Syllabus |
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Course Description
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Managerial Accounting
Acct 2203
3 Credit Hours
Summer 2011
Mindy Davis, Associate Professor
Phone: (580) 349-1444
Email: mindy@opsu.edu
Fax: (580) 349-1459
Prerequisite: Acct 2103 or consent of instructor.
Managerial accounting concepts and objectives; planning and control of sales and cost; and analysis of costs and profits will be covered in this class.
Students study accounting theories and concepts involved in analyzing and recording managerial information for internal users. Students need to understand basic accounting concepts in order to make good personal and business decisions. This course will fulfill the managerial accounting business core requirement of all business majors and provide an introduction to managerial concepts for accounting majors. |
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Required Course Materials
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Accounting 22e by Warren/Reeve/Duchac, Thomson/South-Western, (Thomson is now changed to Cengage Learning), Mason, OH, Copyright 2007, ISBN: 0324401841
ThomsonNOW (now changed to CengageNOW), Warren, Reeve & Duchac, 22nd edition, ISBN: 9780324641899/0324641893.
- CengageNOW is a software/online code. It will get you into the material on the website.
- You will do all course work on CengageNOW.
You will not need to buy working papers. Your textbook may be rented from the OPSU bookstore. CengageNOW does have an eBook. If you are comfortable with using an ebook, you do not need to rent a book. |
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Course Learning Objectives
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This course is designed to provide students with a basic understanding of managerial accounting concepts related to the decision making process for sole proprietorships, partnerships, and corporations. Students need to understand basic accounting concepts in order to make good personal and business decisions. This course will fulfill the managerial accounting business core requirement of all business majors and provide an introduction to managerial concepts for accounting majors.
Goals and SLOs assessed in the course include:
Goal I. Understand and apply fundamental concepts of the discipline.
Student Learning Outcomes connected to Goal I:
1. Demonstrate understanding of basic concepts in the following areas of the discipline: financial, cost, accounting information systems, governmental, tax, and auditing.
2. Apply concepts and/or viewpoints to a new question or issue.
Assessment measures for Goal I, SLOs 1 and 2:
a. All fundamental concepts of the discipline will be introduced in Acct 2103 and Acct 2203. A sample of tests will be drawn from random students enrolled in Acct 2103 and Acct 2203 to demonstrate successful introduction of fundamental concepts (direct assessment completed every odd year starting with 2008-2009).
Goal II. Employ critical thinking skills to accounting problems.
Student Learning Outcomes connected to Goal II:
1. Able to gather, interpret, and analyze problems and/or facts.
2. Improve students’ abilities to think their way through content, using disciplined skill in reasoning.
Assessment measures for Goal II, SLOs 1 and 2:
a. A sample of problems will be drawn from random students enrolled in Acct 2103, Acct 2203, and AIS 3013 for introductory level rating. Two accounting faculty members will assess the collected problems and enter skill levels on a rubric. It is expected that the freshmen and sophomore level students will score a 2 or higher whereas the juniors and seniors will score a 4 or higher on a 5-point rubric scale (direct assessment performed every four years starting with the 2008-2009 academic year).
Critical Thinking/Quantitative Reasoning
The student will be able to analyze and evaluate financial data. This will be accomplished through selected assignments that require analysis of given information and the preparation of necessary entries, schedules, reports, and statements. Assessment criteria for these assignments will be:
- List the major sources of paid-in capital, including the various classes of stock.
- Journalize entries for issuing stock and treasury stock transactions.
- State the effect of stock splits on corporate financial statements.
- Journalize the entries for cash dividends and stock dividends.
- Journalize entries for corporate income taxes, including deferred income taxes.
- Prepare an income statement reporting the following unusual items; discontinued operations, extraordinary items, and changes in accounting principles.
- Prepare and income statement reporting earnings per share data.
- Prepare financial statement presentations of stockholders’ equity.
- Describe the accounting for investments in stocks.
- Compute the present value of bonds payable.
- Journalize entries for bonds payable and bond redemptions.
- Journalize entries for the purchase, interest, discount and premium amortization, and sale of bond investments.
- Summarize the types of cash flow activities reported in the statement of cash flows.
- Prepare a statement of cash flows, using the indirect method.
- Prepare a statement of cash flows, using the direct method.
- List basic financial statement analytical procedures.
- Apply financial analysis to assess the solvency of a business.
- Apply financial statement analysis to assess the profitability of a business.
- Define and illustrate materials, factory labor, and factory overhead costs.
- Describe and prepare summary journal entries for a job order cost accounting system.
- Explain and illustrate the physical flows and cost flows for a process manufacturer.
- Calculate and interpret the accounting for completed and partially completed units under the FIFO method.
- Prepare a cost of production report.
- Prepare journal entries for transactions of a process manufacturer.
- Classify costs by their behavior as variable costs, fixed costs, or mixed costs.
- Compute the contribution margin, the contribution margin ratio, and the unit contribution margin, and explain how they may be useful to managers.
- Calculate the break-even point for a business selling more than one product.
- Compute the margin of safety and the operating leverage, and explain how managers use these concepts.
- Describe the basic elements of the budget process and the two major types of budgeting.
- Prepare the basic income statement budgets for a manufacturing business.
- Prepare balance sheet budgets for a manufacturing business.
- Explain and illustrate how standards are used in budgeting.
- Calculate and interpret direct materials price and quantity variances.
- Calculate and interpret direct labor rate and time variances.
- Calculate and interpret factory overhead controllable and volume variances.
- Prepare differential analysis reports for decision making.
- Determine the selling price of a product, using the total cost, product cost and variable cost concepts.
- Evaluate capital investment proposals, using the following methods: average rate of return, cash payback, net present value, and internal rate of return.
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Grading Policy
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Students are responsible for reading assigned chapter material. There is a pre-test; individualized learning plan based on your pre-test; and a post-test. Most students will do a better job on the homework and tests if they go through the pre-test, individualized learning plan, and post-test first. This part is labeled as study tools on the website and will count as 10% of your grade. Exercises and problems are assigned at the end of each chapter to allow students to assess their understanding of chapter material. Homework exercises and problems will be graded by CengageNOW to provide students with instant feedback to verify their comprehension of the chapter material. The homework (exercises and problems) will count as 35% of your final grade. Each student will also be completing exams over each chapter (see Testing Guidelines below). Exams will count as 35% of your final grade. Your performance in this class is directly related to your completing all class assignments. There will be a paper final in this class. If you are within driving distance of OPSU, you can come anytime during the last week of school to take your final. If you work during the day, you may contact me for an evening time and we will work something out. If you are not within driving distance, you may make arrangements with me to take your final from a school counselor within your area. The review for the final will be emailed during the first week of May. The paper final will count 20% of your final grade. If you do all your own work, the paper final should not be difficult. If someone else does your work, the final should be impossible. So do your own work and learn accounting.
Grading Scale
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A
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B
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C
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D
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F
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100%-90%
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89%-80%
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79%-70%
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69%-60%
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59%-0%
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Grades will be calculated on the CengageNow gradebook in the following percentages and/or weights:
- Exams 35%
- Study Tools 10%
- Homework 35%
- Paper final 20%
All students will also take a comprehensive paper test at the end of the course. The dates, test review, and instructions will be sent to you in an email on July 12th.
Student Gradebook and Weekly Progress Reports
Study Tools, Exercises and Problems, and Exams will be recorded in the CengageNOW Gradebook and can be viewed immediately after finishing the assignment. An ongoing average is also available for the student to view. Your grades will also be in the eCollege gradebook. The eCollege gradebook will be the official gradebook.
Only the instructor and the individual student will have access to individual student grades. |
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Course Outline and Assignments
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Problems listed in the homework assignments (right column) are Series A problems in the text. The following table represents the assignments as they are listed in the printed book. Some of the assignments will have different numbers for every student. Although the exercises and problems will have the same words, every student may have different numbers to put into the problems. So work the problems on the website with the numbers you are given.
| Due Dates |
Chapter
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Exercises |
Problems |
| June 7 |
13
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1, 2, 3, 4, 5, 8, 9, 10, 11, 16, 17, 22, 23 |
1, 3 |
| June 11 |
14
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1, 4, 5, 6, 8, 9, 12, 16, 20, 21, 22, 23, 26 |
4 |
| June 17 |
15
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8, 9, 14, 15, 18, 19 |
2, 3 |
| June 23 |
16
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3, 5, 8, 9, 10, 11, 12, 13, 14 |
2A, 2B |
| June 28 |
17
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4, 5
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4 |
| July 1 |
18
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5, 6, 10, 11, 15
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1, 2 |
| July 7 |
19
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4, 6, 9
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1 |
| July 12 |
20
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3, 5, 6, 7, 8, 14, 17 |
4 |
| July 15 |
21
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1, 5, 6, 7, 10, 11, 21, 23, 25 |
2 |
| July 20 |
22
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1, 5, 8, 18, 19
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2, 4 |
| July 23 |
23
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4, 8, 15, 16
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1, 3 |
| July 28 |
26
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1, 3, 4, 5, 7, 9, 12, 18 |
none |
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Course Policies and Procedures
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1. You will be covering 12 chapters in this course. If you consider only Monday through Friday, you need to cover a chapter every 3 1/4 (three and one-fourth) days. If you count all the days from June 2nd to July 29th, you have 4 to 5 days for each chapter. Due dates are covered in the table above and each chapter should have a due date set in CengageNow.
2. Late assignments will receive a letter grade reduction.
3. Notify the instructor immediately if circumstances arise which affect your course performance or attendance. Attendance for on-line courses is logging in and submitting an assignment and/or participating in an activity. To drop a class, students must go through the drop process. The drop process includes getting the signature of the course instructor and your advisor. There will be no refund for classes dropped after June 7, 2011. After July 11, 2011, all drops will be graded drops; the last day to drop is July 18, 2011.
4. Students who are academically dishonest or plagiarize will receive a failing grade.
All students must always submit work that represents his or her original work, words, or ideas. If any content or ideas are used that do not represent origination from an individual student, the student must cite all relevant sources. The student should also document the extent to which such sources were used. Words or ideas that require citation include, but are not limited to, all hard copies or electronic publications, whether copyrighted or not, and all verbal or visual communication when the content of such communication clearly originates from an identifiable source. In the online course, all submissions to any public meeting or private mailbox fall within the scope of words and ideas that require citations if used by someone other than the original author.
Academic dishonesty in an Online learning environment could involve:
- Having a tutor or friend complete a portion of your assignments
- Having a reviewer make extensive revisions to an assignment
- Copying work submitted by another student from a previous online course or from a F2F class
- Using information from online information services without proper citation
- Copying someone else’s homework or test instead of doing your own.
Plagiarism Detection:
At the instructor’s discretion, work presented in this course is subject to verification of originality, using the following service: www.turnitin.com.
5. COURSE DISCLAIMER – This Syllabus is not a contract and may be changed.
DISABILITY INFORMATION
PLEASE NOTE: Requests for accommodation for disabilities should have been made prior to the start of the semester through the Vice President for Academic Affairs Office (academic, i.e. learning disabilities) or the Vice President for Student Affairs Office (physical, i.e. mobility, vision, hearing). However, if you think you have a disability and are in need of special accommodations, the instructor will work with you to provide a reasonable accommodation to ensure that you have a fair opportunity to perform well in this class. Please advise the instructor (and appropriate VP) of such disability and the desired accommodation at some point before, during, or immediately after the first scheduled class period.
PROHIBITION ON SOFTWARE COPYING
Any student who engages in unauthorized software copying will be subject to university, civil, and criminal penalties.
COMPUTER LAB POLICIES
If you come to campus, there are computers in the library and the Nobel Center. Check with the assistants about the specific hours. Lab policies and rules are posted. Using the computer labs is a privilege that can be lost by abusing it. If you are off campus, check with your local public library for internet access in case your computer should go down.
READING THE TEXTBOOK
I will expect you to read the text material.
Backup for Contingencies
Computers have technical problems and so does the Internet. If you lose your internet connection or have technical difficulties, you will still need to meet assignment deadlines. So, locate another computer with Internet access that you can use. Schools (public schools, colleges and universities), Public Libraries, and friends or family with computer(s) and Internet access should be located so that you will not get behind. You will need an Internet connection to do all the work for this class, so plan for problems. |
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Testing Guidelines
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Exams may consist of problem solving, journalizing transactions, multiple-choice questions, true/false questions, short answer/essay questions or a combination of any/all of the above. Exams will be completed online by the student on a specific date. Each exam will have a time limit and must be completed by midnight on the day assigned.
Students will be taking short chapter exams after completing all other chapter work. You should complete all other chapter assignments before you start the test. You have the entire class week to take the scheduled test. However, each test is timed and once you begin each exam, you must finish it within the time frame. Remember that students are allowed only one submission, so when you begin the exam you must finish it. When the time is up, the exam automatically shuts off, whether you are finished or not. Your grade will automatically be posted to both your grade book and the instructor grade book.
There will be a paper final in this class. If you are within driving distance of OPSU, you can come anytime during the last week of school to take your final. If you work during the day, you may contact me for an evening time and we will work something out. If you are not within driving distance, you may make arrangements with me to take your final from a school counselor within your area. The review for the final will be emailed during the first week of May. |
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