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									                        IVY TECH STATE COLLEGE
                       COURSE OUTLINE OF RECORD
                       REGION 2 COURSE SYLLABUS

                                    Accounting
                            Associate in Applied Science


COURSE TITLE:              Managerial Accounting
COURSE NUMBER:             ACC 102
PREREQUISITES:             ACC 101 - Financial Accounting
COREQUISITES:              None
PROGRAM:                   Accounting
DIVISION:                  Business Division
CREDIT HOURS:              3
CONTACT HOURS:             3     Lec _____Lab

DATE OF LAST REVISION: Spring 2004
EFFECTIVE DATE OF THIS REVISION: Fall 2004

CATALOG DESCRIPTION: This course emphasizes managerial accounting concepts,
general versus cost accounting systems, cost behavior, cost-volume-profit analysis,
budgeting, standard cost systems, responsibility accounting, incremental analysis, and
capital investment analysis.

MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this
course the student will be expected to:

1.    Discuss the difference between financial and managerial accounting and identify
      the characteristics, process, organization, and the profession of managerial
      accounting.
2.    Define and discuss the concepts, procedures, and characteristics of a
      manufacturing process with a job order cost system.
3.    Distinguish between the process cost system and the job-order cost system and
      describe and illustrate a process cost accounting system.
4.    Describe the nature and objectives of budgeting, including procedures and
      various reports.
5.    Describe and illustrate methods used for evaluation of capital investment
      proposals, capital rationing and planning, and controlling capital investment
      expenditures.
6.    Describe and explain the nature and types of decentralization.
7.    Define and discuss responsibility accounting for investment centers and transfer
      pricing.
8.    Describe and illustrate inventory control, quantitative techniques for estimating
      costs, and the learning effect in estimating costs.
9.    Define and explain the managerial use of expected value concept, variance
      analysis using expected value, and maximum concepts of decision-making
      policies.
10.   Define and illustrate the usefulness of financial statement analysis, types of
      analysis, basic analytical procedures, solving analysis, profitability analysis, and
      selection of analytical procedures.
ACC 102 – Managerial Accounting                                                    Page 2

MAJOR COURSE LEARNING OBJECTIVES: (cont’d)

11.    Describe the nature of concepts of funds, working capital, analysis of cash, and
       cash flow from operations.
12.    Identify and illustrate the characteristics of other selected topics, such as
       nonprofit organizations and fund accounting.
13.    Communicate effectively using correct Standard English, both orally and in
       writing by completion of papers, projects and/or presentations.

COURSE CONTENT: Topical areas of study include -

Fixed costs                 Contribution margin
Variable costs              Break-even analysis
Process cost                Job order cost
Variable costing            Activity based costing
Net present value           Time value of money
Budgets                     Cost-profit-volume analysis
Cost drivers                Production costing

SUGGESTED TEXT/CURRICULUM MATERIALS:

Introduction to Managerial Accounting, 2e-2005, Chapters 1-14, Brewer, Garrison,
       Noreen

Study Guide Optional

ACADEMIC HONESTY STATEMENT:

    The College is committed to academic integrity in all its practices. The faculty value
intellectual integrity and a high standard of academic conduct. Activities that violate
academic integrity undermine the quality and diminish the value of educational
achievement.
    Cheating on papers, tests or other academic works is a violation of College rules.
No student shall engage in behavior that, in the judgment of the instructor of the class,
may be construed as cheating. This may include, but is not limited to, plagiarism or
other forms of academic dishonesty such as the acquisition without permission of tests
or other academic materials and/or distribution of these materials and other academic
work. This includes students who aid and abet as well as those who attempt such
behavior.

ADA STATEMENT:

Ivy Tech State College seeks to provide reasonable accommodations for qualified
individuals with documented disabilities. If you need an accommodation because of a
documented disability, please contact the Office of Disability Support Services.

If you will require assistance during an emergency evacuation, notify your instructor
immediately. Look for evacuation procedures posted in your classrooms.
ACC 102 – Managerial Accounting                                                   Page 3

IVY TECH STATE COLLEGE VIRTUAL LIBRARY:

For students on-and-off campus, the Virtual Library offers full text journals, books, and
other resources essential for completing course assignments. Go to
http://www.ivytech.edu/library and choose the Virtual Library link for your campus.

GENERAL EDUCATION OUTCOMES:

Ivy Tech State College is committed to graduating students who have the appropriate
technical and general education skills. General Education skills are assessed in
selected courses through an authentic assessment project to evaluate curriculum
effectiveness.

METHOD(S) OF DELIVERY:

E-learning resources
E-mail communication
Textbook

MATERIALS AND SUPPLIES TO BE SUPPLIED BY THE STUDENT:

Required texts: Introduction to Managerial Accounting, 2e-2005, Brewer, Garrison,
Noreen

Study Guide Optional

Calculator

METHOD (S) OF EVALUATION:

                    Number       Percentage                          Number
                                                       Percentage

Periodic Tests         2           30%       Final Exam                  1           15%

Special Project        2         _ 35%       Homework (best 8 of 10)                 20%


                                                       TOTAL                        100%
ACC 102 –Managerial Accounting                                                    Page 4


GRADING:

Percentage average of all scores:               The grading criteria for the
                                                examinations: (average of all scores)

      4.0 - 3.6 = A                                    90 - 100% = A
      3.5 - 2.6 = B                                    80 - 89% = B
      2.5 - 1.6 = C                                    70 - 79% = C
      1.5 - .6 = D                                     60 - 69% = D
        .5 - .0 = F                                   Below 60% = F

MAKE-UP POLICY:

There is no make-up of homework assignments as solutions are posted the week after
these assignments are due. Only extreme circumstances will be considered for
extended test and project time.

ATTENDANCE POLICY:

Obviously, you are not attending class. However, I often check the course statistics to
see who is making use of the e-learning materials.

COURSE ACTIVITY DISCLAIMER:

The instructor reserves the right to alter the type and sequence of activities scheduled
for this course.




VOLUNTEER DROP DEADLINE:
ACC 102 – Managerial Accounting                                            Page 5

COURSE TITLE: ACC 102 – Managerial Accounting

See assignment sheet for contact information and detailed assignments.

ACTIVITIES SCHEDULE:

Week        Date    Chapter                  Topic

 1                 Chapter 1    Introduction to Managerial Accounting and Cost
                                Concepts
                                Prologue: Managerial Accounting and the Business
                                Environment

 2                 Chapter 13   How Well Am I Doing? Statement of Cash Flows

 3                 Chapter 14   How Well Am I Doing? Financial Statement Analysis

 4                 Chapter 14   Financial Statement Analysis (continued)

 5                 Chapter 2    Systems Design: Job-Order Costing

 6                 Chapter 3    Systems Design: Activity-Based Costing

 7                 Chapter 4    Systems Design: Process Costing

 8                 Chapter 5    Cost Behavior: Analysis and Use

 9                 Chapter 6    Cost-Volume-Profit Relationships

10                 Chapter 7    Profit Planning

11                 Chapter 8    Standard Costs

12                 Chapter 9    Flexible Budgets and Overhead Analysis

13                 Chapter 10   Decentralization

14                 Chapter 11   Relevant Costs for Decision Making

15                 Chapter 12   Capital Budgeting Decisions

16                 FINAL EXAMINATION

								
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