(Microsoft Word - MarionTC-2005-06-OBU002-Managerial Accounting AC270

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                            Ohio Articulation Number (OAN)
                               Course Submission Form
                                      2005-2006




Resubmission

College/University Marion Technical College

Course(s) Submitted   (Title & Course #)    Managerial Accounting —
                                            ACC2700A
for Ohio Articulation Number                OBU 002
Date               May 12, 2006 [Original Sept. 30, 2005]

Course        1      of a        1         Course OAN mapping.

Name and title of individual submitting on behalf of the college/university

Name Vicky Wood                            Title   Dean of Business

Address    1467 Mt. Vernon Ave.

E-mail     woodv@mtc.edu

Phone      740.389.4636 Ext. 265

Fax        740.725.4076


Credit Hours 4                       qtr       x             sem
Lecture Hours     4
Laboratory Hours               (if applicable)
Pre-Requisites(s) Course work (if applicable)
Financial Accounting I - AC 130
Financial Accounting II - AC 131
Business Mathematics – BA 110

Placement Score (if applicable)
(Name of test)
(Domain)       (Score)
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Catalog/Course Description (Includes Course Title and Course #)

Managerial Accounting — AC 270
Prerequisites: Business Mathematics – BA 110, Financial Accounting I - AC 130,
Financial Accounting II - AC 131
This course presents fundamental managerial accounting concepts and
objectives, cost data accumulation procedures using job order and process
costing. Other topics that will be covered are: cost-volume-profit analysis,
budgeting, performance evaluations, differential analysis and product pricing, and
capital investment analysis.

Texts/Outside Readings/Ancillary Materials

Introduction to Managerial Accounting
AUTHOR(s): Brewer Garrison Noreen
PUBLISHER: McGraw Hill
YEAR/EDITION:       2nd / 2005
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Course Objectives and/or Plan of Work:

                              MAJOR OBJECTIVES

A student completing this course will be able to:

1.    Differentiate between managerial and financial accounting.

2.    Name and describe the ways costs are classified.

3.    Classify expenditure as fixed, variable or mixed.

4.    Present the flow of manufacturing costs using general journal entries
      and T accounts.

5.    Prepare financial statement for a manufacturer.

6.    Distinguish between job order and process costing and give examples
      of businesses in which each is used.

7.    Perform job order cost accumulation.

8.    Prepare a departmental cost of production report based on average
      costing or FIFO costing.

9.    Calculate break-even point, contribution margin and margin-of-safety.

10.   Prepare a complete operating budget including budget schedules for
      sales, production, purchases, overhead, cash, income statement and
      balance sheet.

11.   Define standard cost and compute standard cost variances for
      materials, labor and factory overhead.

12.   Compute transfer pricing using market price, negotiated price and cost
      price.

13.   Prepare responsibility accounting reports for a profit center.

14.   Compute differential cost and use to make short-run electronic
      decisions.

15.   Evaluate the acceptability of an investment project using net present
      value, payback period, and simple rate of return.
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Description of Assessment and/or Evaluation of Student Learning:

GRADING PROCEDURES:

      Three exams will be given. Each exam will be graded on the basis of 100 points.

      Weekly Quizzes can be found and completed on Blackboard. There are 10 quizzes,
      each worth 10 points.

      Projects will be a mixture of individual and group activities involving critical thinking
      applications and problem solving. Some projects will be completed in class as group
      activities. If a student is not present for the class, the project cannot be made up.

      Grading Scale:                                            Final Grade:
      90 - 100=A                                         Projects      100 points
      80 - 89=B                                          Exams         300 points
      70 - 79=C                                          Quizzes       100 points
      60 - 69=D                                                        500 points
       0 - 59=F

      Make-Up Exam Policy—As a general rule, make-up exams will not be
      given. If an emergency arises, please check with the instructor to
      arrange a mutually convenient time to take a make up exam before the
      remainder of the class takes the exam. Make-up exams will be different
      from the in-class exams.
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Master Syllabi and Working Syllabi (if both are used)

                             MARION TECHNICAL COLLEGE

                                   Course Syllabus

COURSE NO:          AC 270

COURSE TITLE:       Managerial Accounting

COURSE DESCRIPTION: This course presents fundamental managerial accounting
concepts and objectives, cost data accumulation procedures using job order and
process costing. Other topics that will be covered are: cost-volume-profit analysis,
budgeting, performance evaluations, differential analysis and product pricing, and
capital investment analysis. (Prerequisites: Business Mathematics – BA 110, Financial
Accounting I - AC 130, Financial Accounting II - AC 131)


CREDIT HOURS:       4                            PREREQUISITE(s):        AC131

QUARTER:            Fall 2006                    DAY/TIME:

INSTRUCTOR:                Debbie Bowsher               OFFICE NO.:      167C

TELEPHONE:          740-389-4636 ext.      227

TEXTBOOK: Introduction to Managerial Accounting
          AUTHOR(s): Brewer Garrison Noreen
          PUBLISHER:          McGraw Hill
          YEAR/EDITION:       2nd / 2005


                                  MAJOR OBJECTIVES

A student completing this course will be able to:

1.    Differentiate between managerial and financial accounting.

2.    Name and describe the ways costs are classified.

3.    Classify expenditure as fixed, variable or mixed.

4.    Present the flow of manufacturing costs using general journal entries and T
      accounts.

5.    Prepare financial statement for a manufacturer.
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                                                                             7/23/2007
6.    Distinguish between job order and process costing and give examples of
      businesses in which each is used.

7.    Perform job order cost accumulation.

8.    Prepare a departmental cost of production report based on average costing or
      FIFO costing.

9.    Calculate break-even point, contribution margin and margin-of-safety.

10.   Prepare a complete operating budget including budget schedules for sales,
      production, purchases, overhead, cash, income statement and balance sheet.

11.   Define standard cost and compute standard cost variances for materials, labor
      and factory overhead.

12.   Compute transfer pricing using market price, negotiated price and cost price.

13.   Prepare responsibility accounting reports for a profit center.

14.   Compute differential cost and use to make short-run electronic decisions.

15.   Evaluate the acceptability of an investment project using net present value,
      payback period, and simple rate of return.
                                                                                           Page 7 of 11
                                                                                             7/23/2007
                                  EVALUATION PROCEDURES

ATTENDANCE:

    Consistent with class attendance policy #721, the student is responsible for
    attending every class and for the material presented. If a student will not be
    attending a class, he or she is responsible to contact the instructor and to make
    sure all assignments are completed.

GRADING PROCEDURES:

    Three exams will be given. Each exam will be graded on the basis of 100 points.

    Weekly Quizzes can be found and completed on Blackboard. There are 10 quizzes, each
    worth 10 points.

    Projects will be a mixture of individual and group activities involving critical thinking applications
    and problem solving. Some projects will be completed in class as group activities. If a student
    is not present for the class, the project cannot be made up.

    Grading Scale:                                             Final Grade:
    90 - 100=A                                          Projects        100 points
    80 - 89=B                                           Exams         300 points
    70 - 79=C                                           Quizzes       100 points
    60 - 69=D                                                         500 points
     0 - 59=F

    Make-Up Exam Policy—As a general rule, make-up exams will not be given.
    If an emergency arises, please check with the instructor to arrange a mutually
    convenient time to take a make up exam before the remainder of the class
    takes the exam. Make-up exams will be different from the in-class exams.



  WEEK        CHAPTER                 TITLE

    1               1                 An Introduction to Managerial Acctg & Cost Concepts
                    2                 Systems Design: Job-order activity

    2               3                 Systems Design: Activity-Based Costing

    3               4                 Systems Design: Process Costing

    4                                 Exam #1

    5               5                 Cost Behavior: Analysis and use
                    6                 Cost-Volume-Profit Relationships
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      6              7               Profit Planning

      7             12               Capital Budgeting Decisions

      8                              Exam #2

      9              8               Standard Costs
                     9               Flexible Budgets and Overhead

      10            10               Decentralization
                    11               Relevant Cost for Decision Making

      11                             Exam #3


ADDITIONAL INFORMATION:

       Eating and drinking is not permitted in computer labs. All copyright laws will be
       observed. It is illegal to copy software.


NOTE:       This is a tentative schedule and subject to change at the discretion of the
     instructor.

       If there is a need for reasonable accommodation or assistance because of
       mental, physical, or learning disability, the student is requested to contact the
       instructor or if preferred, the Student Services counselor with in the first two
       weeks of class.

TAG Map:
Business TAG - INTRODUCTORY                        MTC Course
MANAGERIAL ACCOUNTING
General Course Description: This is a course       MTC General Course description (from
of study that introduces managerial accounting     Catalog – see above)
for business entities.
Summary of Learning Outcomes and                   MTC Summary of Course; major Student
Academic Skills: Any introductory course of        Learning Outcomes
study in managerial accounting that is included
in the Business Transfer Module must use
business-related materials to develop the
following general learning outcomes and
academic skills:
1. Understand the differing information needs of   Objective 1
internal management and external users of
financial information.
2. Appreciate the role of managerial accounting    Throughout course
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in management contexts of planning, control,
decision making, and performance evaluation.
3. Understand basic managerial accounting           Objective 2,3,9, throughout course
terminology and concepts.
4. Apply basic managerial accounting concepts       Objective 9,10,11,12,13,14,15
to problems of management planning, control,
decision making, and performance evaluation.
5. Appreciate the relevance of other disciplines    Objective 1, 10,11,14
to the process of providing information for
management planning, control, decision making,
and performance evaluation.
Summary of Body of Knowledge                        MTC – Include the Chapter and week in
Requirements: Any introductory course of            which this topic is covered. If our course
study in managerial accounting that is included     covers topics not included, insert a new
in the                                              row and leave the left side blank.
Business Transfer Module must provide
coverage of at least seventy percent of the
following topics:
I. Overview of Managerial Accounting
1.00 Managerial Accounting and Business             Chapter 1; Week 1
Organizations
1.01 Serving information needs of business          Chapter 1; Week 1
management
1.02 Supplying information for external financial   Chapter 1; Week 1
reports
1.03 Cost-benefit analysis for accounting           Chapter 1; Week 1
systems
1 .04 Ethics and integrity                          Chapter 1; Week 1
1 .05 CFOs, controllers, treasurers, and internal   Week 1; Prologue to course
auditors
II. Cost Measurement and Decisions
2.00 Cost Concepts                                  Chapter 1; Week 1
2.01 Activities, costs and cost drivers *           Chapter 3; Week 2
2.02 Variable, fixed and mixed costs *              Chapter 1; Week 1
2.04 Costs functions and cost behavior *            Chapter 1 Week 1; Chapter 5, Week 5
3.00 Cost-Volume-Profit Analysis                    Chapter 6; Week 5
3.01 Cost-volume-profit graphs *                    Chapter 6; Week 5
3.02 Contribution margin and contribution           Chapter 6; Week 5
margin ratio *
3.03 Applications of cost-volume-profit analysis    Chapter 6; Week 5
3.04 Sales mix analysis                             Chapter 6; Week 5
4.00 Measurement of Cost Behavior                   Chapter 5; Week 5
4.01 Cost functions                                 Chapter 5; Week 5
4.02 Methods of measuring cost functions            Chapter 5; Week 5
4.03 Cost and the value chain                       Chapter 10; Week 10
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5.00 Cost Accounting Systems                        Chapter 2; Week 1
5.01 Cost accumulation and cost assignment *        Chapter 8 Week 1 and 2
5.02 Categories of manufacturing cost *             Chapter 1; Week 1
5.03 Product and period costs *                     Chapter 1; Week 1
5.04 Activity-based costing (ABC) systems *         Chapter 3; Week 2
6.00 Cost and Marketing Decisions                   Chapter 11; Week 10
6.01 Relevant and irrelevant costs in decision      Chapter 11; Week 10
contexts *
6.02 Special order decisions                        Chapter 11; Week 10
6.03 Adding and dropping products                   Chapter 11; Week 10
6.04 Using limited resources                        Chapter 11; Week 10
6.05 Cost-plus pricing and target costing           Chapter 11; Week 10
7.00 Cost and Production Decisions
7.01 Opportunity, outlay, and differential cost *   Chapter 1; Week 1
7.02 Make or buy decisions                          Chapter 11; Week 10
7.03 Processing joint products
7.04 Influence of performance measures on
production decisions
8.00 Capital Investment Decisions                   Chapter 12; Week7
8.01 Discounted cash flow analysis *                Chapter 12; Week7
8.02 Evaluation of individual projects—payback,     Chapter 12; Week7
return on investment, and net present value *
8.03 Comparison of alternative projects *           Chapter 12; Week7
8.04 Equipment replacement decisions                Chapter 12; Week7
8.05 Income taxes and cash flow analysis            Chapter 12; Week7
III. Planning and Control
9.00 Budgeting                                      Chapter 7; Week 6
9.01 Preparation of the master/operational          Chapter 7; Week 6
budget *
9.02 Budgets and organizational behavior            Chapter 7; Week 6
9.03 Financial planning models
10.00 Flexible Budgets and Variance Analysis        Chapter 9; Week 9
10.01 Static and flexible budgets *                 Chapter 9; Week 9
10 09 Standard costs and prime cost variance        Chapter 8; Week 9
analysis *
10.03 Standard costs and overhead variance          Chapter 9; Week 9
analysis
11.00 Management Control                            Chapter 7; Week 6
11.01 Centralized vs. decentralized organizations   Chapter 10; Week 10
11.02 Responsibility accounting—cost centers,       Chapter 10; Week 10
revenue centers, profit centers, investment
centers
11.03 Goal congruence, managerial effort and
motivation
11.04 Performance measurement—residual              Chapter 10; Week 10
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income and return on investment
11.05 Non-financial measures of performance        Chapter 10; Week 10
and the balanced scorecard
11.06 Transfer prices                              Chapter 10; Week 10
V. Product Costing
12.00 Cost Allocation                              Chapters 1,2,3,4 Weeks 1-4
12.01 Cost objects and allocations *               Chapters 1, 2,3,4 Weeks 1-4
12.02 Allocation of service department costs
12.03 Allocation of joint costs
12.04 Allocation of corporate support costs
12.05 Strengths and weaknesses of allocations in   Chapter 11; Week 10
decision contexts
13.00 Accounting for Overhead Costs                Chapter 9; Week 9; Chapter 2; Week 2
13.01 Overhead rates *                             Chapter 9; Week 9; Chapter 2; Week 2
13.02 Accounting for manufacturing overhead *      Chapter 2; Week 2
13.02 Variable vs. absorption costing              Chapter 5; Week 5
13.03 Overhead variance analysis                   Chapter 9; Week 9
14.00 Job Costing and Process Costing Systems      Chapter 2; Week 1; Chapter 4 Week 3
14.01 Manufacturing inventories                    Chapter 1; Week 1
14.02 Distinction between job-order and process    Chapter 2; Week 1
systems
14.03 Job costing and accounting for               Chapter 2; Week 1
manufacturing costs *
14.04 Basics of Process Costing                    Chapter 4; Week 3
Note: Topics marked with an asterisk (*) are
considered fundamental and essential.




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