(Prerequisite: ACC 557)
COURSE DESCRIPTION
Covers the creation, use, and the interpretation of internal accounting data and information. Emphasizes the managerial functions of cost control and reporting, budgeting, profit planning, and projections used in decision making.
INSTRUCTIONAL MATERIALS
Required Resources
Weygandt, J. J., Kimmel, P.D., & Kieso, D. E. (2012). Managerial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley and Sons.
WileyPLUS will be used in this course and is integrated with the online course shell.
Supplemental Resources
Lamoreaux, M. G. (2011). Planning for Uncertainty. Journal of Accountancy, 212(4) 32-36.
Lamoreaux, M. G. (2012). A New System for Recognizing Revenue. Journal of Accountancy, 213 (1) 30-35.
Richards, G. E. and Spencer, S. L (2012). Three Common Currency-Adjustment Pitfalls. Journal of Accountancy, 213(2) 30-35.
COURSE LEARNING OUTCOMES
1. Determine the difference between managerial and financial accounting, and their interrelationship.
2. Analyze the concepts of job order costing, process costing, and activity-based costing.
3. Conduct cost-volume profit analysis, incremental analysis, and analyze pricing issues.
4. Develop operational and financial budgets for profit planning.
5. Establish standard cost, analyze and report variances from standards, and prepare a balanced scorecard.
6. Plan and evaluate capital investments.
7. Prepare and analyze the statement of cash flows and financial statement analysis.
8. Use technology and information resources to research issues in managerial accounting.
9. Write clearly and concisely about managerial accounting using proper writing mechanics.
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.
Week
Preparation, Activities, and Evaluation
Points
1
Preparation
Reading(s)
Chapter 1: Managerial Accounting
Activities
Discussion
Evaluation
Week 1 Homework
Chapter 1: Exercises 5, 8, 12, and 16; Problems 1 and 4
20
40
2
Preparation
Reading(s)
Chapter 2: Job Order Costing
Chapter 3: Process Costing
Activities
Discussion
Evaluation
Week 2 Homework
Chapter 2: Exercises 4, 9, 11, and 12; Problems 1 and 5
Chapter 3: Exercises 2, 5, 6, and 13; Problems 1 and 6
Quiz 1: Chapter 1
20
80
45
3
Preparation
Reading(s)
Chapter 4: Activity-Based Costing
Activities
Discussion
Evaluation
Week 3 Homework
Chapter 4: Exercises 2, 3, 9, and 12; Problems 2 and 4
Quiz 2: Chapters 2 and 3
Assignment 1: Activity-Based Costing (ABC) in Service Industries
