Course Description: Managerial Accounting focuses on the accounting information needs of the various levels of internal management within an organization. Internal reporting is directed at three major areas of management responsibility: cost determination, planning and control, and long-term decision-making.
Co-Requisite: ACG2071L (Managerial Accounting Lab)
Pre-Requisite: ACG2001 and ACG2011 or ACG2021
Objectives: You, the student, will learn the needs of internal reporting, and how these reports should be presented to management. Also, you will learn concepts, principles, and procedures related to the following subject matters:
1) Job Order and Process Cost Systems
2) Cost Behavior
3) Cost-Volume-Profit Analysis
5) Standard Cost System
6) Differential Analysis and Product Pricing
7) Capital Investment Analysis
8) Activity Based Costing and Just-In-Time Systems (Overview)
Required Materials: Textbook: Warren, Reeve, and Fess, Financial and Managerial Accounting, 7th Edition, South-Western Publishing Co., Cincinnati, Ohio 2002.
Workbook: Warren, Reeves, and Fess, Financial and Managerial Accounting, 7th Edition, South-Western Publishing Co., Cincinnati, Ohio, 2002.
Supplementary Materials: Study Guide (Optiona, l)Spreadsheet – (To be discussed in class)
Exam I-IV 52.0% (13% each)
Comprehensive Final 17.0%
Class Participation 6.0%
Special Project 11.0%
Grading Scale: The grading scale established by the Accounting Department for this course is as follows:
A = 90-100 B = 80-89 C = 70-79 D = 60-69 F =Below 60
Exams: There will be five exams during the semester. The final exam is comprehensive. No make up examinations will be offered unless medical certification is presented.
Homework: All homework, except for assigned project, is due the date of the exam.
The following rules apply to all homework. NO EXCEPTIONS
I ) Homework must have your name and date.
2) No late homework will be accepted.
3) Computer homework must be done in order to pass the course.
(Note: Remember, Homework accounts for 20% of your grade.)
Homework Assignments: Homework is comprised of three elements: manual problems, computer problems, and written assignment. The following is the list of the assigned problems:
Chapter I 1-3B, 14B
Chapter 2 2-1B, 2-21B; Extra Cr. 2-4B
Chapter 3 3-2B, 3-6B
Chapter 5 5-3B, 5-4B
Chapter 6 6-1B, 6-4B
Chapter 8 8-1B, 8-4B
Chapter 9 9-1B, 9-2B
Chapter 2 2-4B
Chapter 3 3-2B
Chapter 5 5-4B
Chapter 9 Ex. 9-1
Computer work must be manually solved before being solved at the computer.
Special Projects – (select only one)
Service Learning Activity – 20 hours
Restaurant Project – Report and Presentation
Mentor Program – 20 hours
Due Date of the Project: _____________
(the class will be divided in groups for the restaurant project).
Class Discussions: The following assignments will emphasize your critical thinking skills as well as your communications skills.
Oak Enterprises – Discuss whether Cheryl behaved in an ethical manner.
Webvan – How would a master budget support planning, directing, and control in Webvan’s business?
Winner’s Sporting Goods Company – What are some considerations in accepting or rejecting this order?
Lab Grade: The grade for the lab will be the same grade given for the class. However, you are responsible to accumulate a minimum of 15 hours at the lab in order to earn a lab grade.
Extra Credit: There will be bonus quizzes given in class as time allows.
Academic Dishonesty is defined as an action inconsistent with the ethical standards of Miami Dade Community College. Academic dishonesty includes the following actions, as well as other similar conduct aimed at making false representation with respect to a student’s academic performance. The following are some examples of Academic Dishonesty:
A) Cheating on an examination.
B) Collaborating with others in work to be presented, if contrary to the stated rules of the course.
C) Plagiarizing, including the submission of others’ ideas or papers (whether purchased, borrowed, or otherwise obtained) as one’s own.
D) Submitting, if contrary to the rules of a course, work previously presented in another course.
E) Knowingly and intentionally assisting another student in any of the above actions, including assistance in arrangement whereby any work, classroom performance, examination, or other activity is submitted or performed by a person other than the student under whose name the work is submitted or performed.
Some actions of academic dishonesty, such as stealing examinations or course material and falsifying records, may be processed through the Student Disciplinary Procedure. (For more information, see Students’ Rights and Responsibilities).
Incomplete: An incomplete grade will be given only in extraordinary circumstances. Also, you must have completed 80% of the assigned work.
1) Additional exercises from each chapter will be done in class, so you are encouraged to read the chapters and be prepared when you come to the class meetings.
2) If you find that you are not doing well in the course and wish to drop, it is your responsibility to complete the withdrawal process. I do not initiate instructor drops.
3) Beepers and cellular phones must be turned off during the class period.
Note: This schedule is subject to revision by instructor if required.
Final Exam date pending to be confirmed. The last day to drop the course with a grade of “W” is _________, 2004.
ADDENDUM TO THE COURSE SYLLABUS (ACG 2071)
Case Analysis – This is a case published by the AICPA which presents a real business situation. The four sections listed in the case must be analyzed thoroughly as if you were in the restaurant business. Research can be conducted at the library or through the various sources available on the Web. The students are to organize in groups of three or four members for purposes of conducting the research, preparing the budget and variance report, and assembling the final paper to be presented for a grade. In addition, each group will be discussing the case before the class.
Mentor Program – Managerial accounting students, who are interested in tutoring accounting I students, are encouraged to participate in this project. This project requires a total of 20 hours and must be done within the premises of the College. Mentors need to get together with their assigned students in order to determine the schedule of the meetings and the financial accounting topics to be covered. A signed time sheet must be kept to substantiate the time donated to this project. Reflection sections will be conducted in class to analyze the strengths and weaknesses of the program.
Service-Learning Activity – This project consists of donating your time to work in the accounting offices of specific non-profit organizations that have been selected for this purpose. These entities have been provided with a detailed list of the requirements for this class and they have agreed to give you the necessary assistance to complete your project. The total time of your work is 20 hours. Your time should be recorded on a time sheet which should be approved on a daily basis by your supervisor. Reflection sessions will be conducted in class, thus the analysis of your assignments should correspond with the material you have learned in class. At the end of your project, a written paper, describing your experience and the strengths and weaknesses that you noticed, must be prepared. Professional and ethical behavior should be maintained at all times in your place of service
Professor: Ana M. Cruz, DBA, CPA
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