Managerial Accounting Tools for Business Decision Making 3E

							                              ACADEMIC SYLLABUS
                                   ACG 2071 Sec. 2878
                                   Managerial Accounting
                                     Fall Term I - 2010




INSTRUCTOR:            Roberto Fernandez
OFFICE:                LY-249 (Tarpon Springs Campus)
PHONE:                 727-712-5770
EMAIL:                 fernandez.roberto@spcollege.edu
WEBPAGE:               http://it.spcollege.edu/course_info/inquiry.cfm?number=1171

OFFICE HOURS: Online


ACADEMIC DEPARTMENT:

Acting Dean:           Dr. Greg Nenstiel
Office Location:       Epicenter – College of Business
Office Number:         727-341- 3026

Academic Chair:        Roberto Fernandez
Office Location:       LY-249 (Tarpon Springs Campus)
Office Number:         727-712-5770


REQUIRED TEXTBOOK & OTHER RESOURCE INFORMATION:

      Kimmel, Weydgandt, and Kieso: Accounting: Tools for Business Decision Making
       3e. Wiley (Volume Two).
      WileyPlus access code (Included with the book).
      Access to high speed Internet.
      Knowledge of Microsoft Office.

ISBN Number: 978-0-470-54009-1

Important: This book is a custom edition for the Saint Petersburg College only.

Library: http://www.spcollege.edu/central/libonline/.




Fernandez   ACG-2071
COURSE INFORMATION:


PURPOSE:        Managerial Accounting provides a study of product costing, cost-volume-
                profit analysis, budgetary planning and control, the statement of cash
                flows, and financial statement analysis. Emphasis will be placed on
                applications to illustrate the underlying accounting principles.

OBJECTIVES:

Upon successful completion of this course, students should be able to:

1. Understand the importance of product costing and will be able to explain its impact
   on financial statements and managerial decision-making.

2. Understand cost-volume-profit relationships and apply them to business problems.

3. Understand budgetary planning and control.

4. Prepare a master budget and use standard cost systems and capital budgeting
   techniques.

5. Prepare the statement of cash flows and apply the information to business problems.

6. Understand the importance of financial statement analysis and perform such an
   analysis.




Fernandez   ACG-2071
CLASS SCHEDULE:

    WEEK                                              TOPIC

    Week 1     Course Overview

               CH 12
               Statement of Cash Flows:
               Operating, Investing, and Financing activities
               Product life cycle
               Indirect method
               Cash Flows to evaluate a company

               Homework CH12: Wiley PLUS
               Quiz CH12: Wiley PLUS

               CH 13
               Financial Analysis: The Big Picture:
               Sustainable income
               Irregular items
               Comprehensive income
               Horizontal analysis
               Vertical analysis
               Liquidity, solvency, and profitability ratios

               Homework CH13: Wiley PLUS
               Quiz CH13: Wiley PLUS

   Week 2      CH 14
               Managerial Accounting:
               Features of Managerial Accounting
               Functions of management
               Manufacturing costs
               Product and period costs
               Difference between a merchandising and manufacturing income statement
               Cost of goods manufactured
               Merchandising and manufacturing balance sheet
               Trends in Managerial Accounting

               Homework CH14: Wiley PLUS
               Quiz CH14: Wiley PLUS

               CH 15
               Job Order Costing:
               Characteristics and purposes of cost accounting
               Job order costing system
               Nature and importance of a job cost sheet
               Overhead rate
               Entries for jobs completed and sold

               Homework CH15: Wiley PLUS
               Quiz CH15: Wiley PLUS

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    WEEK                                          TOPIC

    Week 3     CH 16
               Process Costing:
               Process costing systems
               Similarities and differences between job order cost and process cost systems
               Flow of cost in a process cost system
               Equivalent units
               Production cost report

               Homework CH16: Wiley PLUS
               Quiz CH16: Wiley PLUS

               CH 17
               Activity-Based Costing:
               Traditional costing and activity-based costing
               Development of activity based costing systems
               Cost pools
               Cost drivers
               Limitations of activity-based costing
               Value-added and non-value-added activities
               Activity levels

               Homework CH17: Wiley PLUS
               Quiz CH17: Wiley PLUS



    Week 4     CH 18
               Cost-Volume-Profit:
               Variable and fixed costs
               Relevant range
               Mixed costs
               Cost-volume-profit analysis
               Contribution margin
               Break-even point
               Target net income
               Margin of safety

               Homework CH18: Wiley PLUS
               Quiz CH18: Wiley PLUS

               CH 19
               Cost-Volume-Profit Analysis: Additional Issues:
               Income statement
               Basic CVP concepts
               Sales mix
               Operating leverage

               Homework CH19: Wiley PLUS
               Quiz CH19: Wiley PLUS



Fernandez   ACG-2071
    WEEK                                           TOPIC

    Week 5     CH 20
               Budgetary Planning:
               Benefits of budgeting
               Effective budgeting
               Master budget
               Budgeted income statement
               Cash budget

               Homework CH20: Wiley PLUS
               Quiz CH20: Wiley PLUS

               CH 21
               Budgetary Control and Responsibility Accounting:
               Concept of budgetary control
               Static budget reports
               Flexible budgets
               Responsibility accounting
               Responsibility reports
               Investment centers

               Homework CH21: Wiley PLUS
               Quiz CH21: Wiley PLUS


    Week 6     CH 22
               Standard Cost and Balance Scorecard:
               Standard and budget
               Advantages of standard cost
               Companies set standards
               Direct materials and direct labor variances
               Manufacturing overhead variance
               Balanced scorecard

               Homework CH22: Wiley PLUS
               Quiz CH22: Wiley PLUS



    Week 7     PROJECT IS DUE BY THE END OF THIS WEEK. (Details will be provided
               by Instructor)


    Week 8     Review of all the Chapters and Preparation for Final Exam.


               CUMULATIVE FINAL EXAM!!




Fernandez   ACG-2071
ONLINE PARTICIPATION:

It will be the reflection of how much a student participated in the online activities. The
student will receive a grade for his/her participation on every week. The activities taken
into consideration for the online participation grade are:

        Participation in the debate issues for every week.
        Answers to specific questions posted by the instructor at his discretion.
        Other requirements specified by the instructor.
        The participation in the “Lounge Rooms” and “Ice Breaker” does not count
         towards your online participation grade.
        New Posts and Replies are both considered “Postings”

Online Participation will be graded using the following participation rubric:

                                                                                           Requires
         Category                    Excellent                   Satisfactory            Improvement

                                                              Information clearly
                        Information clearly relates to the                            Information has little
                                                              relates to the main
                           main topic. Contributions are                              or nothing to do with
                                                             topic. Contributions
                          thoughtful and relevant to the                                 the main topic or
                                                              are thoughtful and
                         discussion, answer or question.                               simply restates the
  Quality & Quantity of                                          relevant to the
                         Student includes examples and                                    main concepts.
Information Provided in                                      discussion, answer
                            suggests external sources                                     The quantity of
     the Postings                                                  or question.
                         (links) to enrich the discussion,                              information in the
                                                              The student could
                               answer, or question.                                   student’s postings is
                                                                  provide more
                            The quantity of information                                not adequate for a
                                                               information in the
                             provided in the posting is                                  good interaction.
                                                                   interaction.
                          appropriate for the interaction.
Quantity of Postings per                                       Between 3 and 6        Less than 3 postings
                         More than 6 postings per week.
        Chapter                                               postings per week.          per chapter.
 Frequency of Postings      More than 3 different days of    2 -3 different days of   Only one day of the
      per Chapter                    the week.                     the week.                week.
                                                                  Professional
                            Professional vocabulary and         vocabulary and            Professional
                               writing style are used        writing style are used     vocabulary and
 Professional Language
                            consistently throughout the             frequently          writing style are
                                     discussion.                 throughout the        occasionally used.
                                                                   discussion.
       Total Possible
        Percentage                 (80% - 100%)                  (60% - 79%)              (0% - 59%)


IMPORTANT DATES:

Course dates: 10/18/2010 – 12/16/2010
Last day to drop and receive a refund: 10/22/2010
Last day to withdraw and receive a grade of “W”: 11/19/2010
Holidays: There is no activity during the Thanksgiving week (11/22 – 11/28)
Fernandez   ACG-2071
Financial Aid: http://www.spcollege.edu/central/SSFA/HomePage/calendar.htm
DISCIPLINE SPECIFIC INFORMATION:

Accounting in general is a hard subject that requires a lot of patience, perseverance,
practice and study to learn. This is an intensive eight-week course. It is recommended to
dedicate a minimum of 10 hours per week to its study. Online classes give the student a
lot of flexibility in regards to study time but it is imperative to get organized and set a
consistent time per week to go over the study material and the other requirements of this
course.

The learning process can be very demanding, but at the same time it will be very
rewarding. The world of accounting is fascinating and will help develop a new set of
skills that will open the doors to a whole new world of opportunities.

ATTENDANCE:

The college-wide attendance policy is included in the Syllabus Addendum at:
http://www.spcollege.edu/webcentral/policies.htm

If the student does not participate in the course for more than one week he/she might be
subject to withdrawal at the instructor’s discretion.

GRADING:               Grades will be earned in five parts, as follows:

                       Quizzes ----------------------------------------------    30%
                       Homework ------------------------------------------       20%
                       Online Participation ------------------------------       20%
                       Project -----------------------------------------------   15%
                       Cumulative Final Exam -------------------------           15%

                       Total possible points ---------------------------         100.00%


                                           A           90 - 100%
                                           B            80 - 89%
                                           C            70 - 79%
                                           D            60 – 69%
                                           F         Less than 60%


ASSIGNMENTS:

Late Assignments will receive 75% of the full grade if they are in within one week after
the assignment due date. The instructor will not accept assignments that are more than
one week late (No exemptions to these rules).

The assignments and their due dates will be posted on Angel and supported by
WileyPlus.

Fernandez   ACG-2071
STUDENTS’ AND INSTRUCTOR’S EXPECTATIONS:

Online /Student Conduct
http://www.spcollege.edu/ecampus/help/conduct.htm

Online Student, Faculty and Staff Expectations and Performance Targets
http://www.spcollege.edu/ecampus/help/expectations.htm

STUDENT SURVEY OF INSTRUCTION:

The student survey of instruction is administered in courses each semester. It is
designed to improve the quality of instruction at St. Petersburg College. All student
responses are confidential and anonymous and will be used solely for the purpose of
performance improvement.

SYLLABUS CHANGES:

Will be posted on the ANGEL and announced to all the students in case they happen.

SYLLABUS ADDENDUM:


Please make sure you read the information in the addendum.

http://www.spcollege.edu/webcentral/policies.htm




Fernandez   ACG-2071