ACCT 2020 - INTRODUCTION TO MANAGERIAL ACCOUNTING
DR. HEIER
PREREQUISITE: Students must have successfully completed Introductory Accounting (ACCT 2010) to take this course.
REQUIRED TEXT: Financial and Managerial Accounting 6th edition Warren Reeve and Fess, Southwestern Publishing 1999
I would encourage you to get the study guide for the book, but it is not required.
The book has the following website http://warren.swcollege.com which has a lot of information about student resources.
COURSE OBJECTIVES: The course is designed to provide the student with an understanding of the fundamental concepts and techniques of the planning and control tools used by managerial accountants to cost and price products, and to analyze accounting data for the purpose of making sound business decisions.
TENTATIVE GRADING SCALE:
Exam 1 100 Points
Exam 2 100 Points
Exam 3 100 Points
Exam 4 70 Points Note: The weighting on the final will be determined when the comprehensive
Comprehensive Final 30 Points final is completed.
Homework 25 Points
Grand Total 425 Points
Your final grade is based on the points available and the points earned. The "curve" is a basic 10 point scale
Due to space limitations, exams are kept by the instructor after one quarter and then are destroyed
EXAMINATIONS: There will be four exams given during the quarter and a comprehensive final given during the regularly scheduled final time. The exams are a combination of multiple choice questions and problems. You will need to buy five Scantron sheets to use during the tests. You may use calculators on the tests, but they may not be shared, and they must be the quiet type. Approximate dates for tests are indicated on the schedule.
MAKE UP EXAMS: Make-up exams are only given if the professor is notified of a problem prior to the exam period or within a reasonable amount of time (24 hours after the exam). No make-up will be administered to a student if the exam has already been handed back to the class for review. Students who cannot arrange a make-up time will have the points from the missed exam applied to the final. No points are given if the professor is not notified of a difficulty within the reasonable time.
HOMEWORK: The timely preparation of homework is an integral part of the course. As you know, accounting is a "learn by doing" course, so do the assigned homework. Try not to get behind. I will collect homework problems from each chapter. All homework problems as listed below in bold and italics are to be handed in at the assigned time, which is usually the class period after the problems were assigned. No late problems will be accepted unless you have a prior excuse. I will look at them for completeness and correctness. I will give the problems back to you, so that you will have them to study for the tests. If you have questions or need help, I will gladly assist you. Please contact me and/or attend the Accounting Lab in the Business Building for additional assistance. Your score will be prorated against the number assigned and the number handed in.
ATTENDANCE: Attendance is highly recommended. There is a positive correlation between students attending class and their final grade. Attendance will be taken, but is not used in computing course grade. Students who choose not to attend class also choose not to have additional instructor assistance, if needed.
ELECTRONICS: Please ask friend and family not to page or call you in class, it disturbs the other students.
ACADEMIC POLICY: Academic regulations and procedures as font in the AUM Catalog govern all grading and academic policies.
ACADEMIC HONESTY: Any violation of the Academic Honesty Policy as defined in the student handbook (AUMANAC) will be treated in accordance with Student Discipline Code policy and procedures.
DISABILITY POLICY: Faculty in the School of Business make every effort to accommodate unique and special needs of students with respect to speech, hearing, vision, seating, or other possible disabling conditions. Please notify the instructor as soon as possible of requested accommodations or ways to help. Please register with the Center for Special Services for help in receiving accommodations for any disabilities.
TENTATIVE COURSE SCHEDULE(1)
| Class | Chapters | Assignments |
| 1 | Introduction, What does a manager do? and Assessment | |
| 2 | Financial Statement Analysis p. 591 | |
| 3 | Financial Statement Analysis
Chapter 14 Cost Terminology p. 633 -- Ignore Appendix |
FSA1, FSA3, FSA6, FSA8 FSA9 FSA 10, FSA 12 FSA 13 |
| 4 | Chapter 14 Cost Terminology | |
| 5 | Chapter 14 Cost Terminology ---- Overhead Application | E14-7 E14-13, E14-14, E14-15, E14-16, (P14-2A Do a Cost of Goods Sold Statement). |
| 6 | Finish Chapter 14 on Cost Terminology,
Introduce Chapter 16 on Cost Behavior p. 714 |
Skip Pages 731 - top of 733. |
| 7 | Chapter r 16 Cost Behavior | E16-7, E16-8, E16-10, E16 -11, E16-13 E16-22, P16-A2 |
| 8 | Chapter 16 Cost Behavior | |
| 9 | Exam #1 Chapters 14, 16 and Financial Statement Analysis | |
| 10 | Introduce Chapter 17 Profit Reporting for Management p. 756 | E17-2, E17-10, E17-12 |
| 11 | Chapter 17 Profit Reporting for Management and Introduce Chapter 18 Budgets p. 795 | |
| 12 | Chapter 18 Budgets | E18-1, E18-2, E18-4, E18-8, E18-9, E18-12, E18-13 P18-2A |
| 13 | Chapter 18 Budgets | |
| 14 | Chapter 18 Budgets
Introduce Chapter 19 Standard Costing and Performance Evaluations P. 841 |
Skip Overhead variances p. 852 - 855 |
| 15 | Chapter 19 Standard Costing and Performance Evaluations | E19-1, E19-6, E19-7, P19-1A P19-2A |
| 16 | Chapter 19 Standard Costing and Performance Evaluations | |
| 17 | Exam #2 Chapters 17, 18, 19 | |
| 18 | Chapter 20 Decentralized Operations and Performance Evaluations p. 875 | Handout on Definitions of Decentralized Operation and Common Costs here Skip Service Department Charges pp.880 -882. |
| 19 | Chapter 20 Decentralized Operations and Performance Evaluations | E20-2 E20-9, E20-10, E20-12, E20-13 E 20-15, P20-3A P20-5A |
| 20 | Chapter 20 Decentralized Operations and Performance Evaluations, Introduce Chapter 21 Differential Analysis p. 913 | |
| 21 | Chapter 21 Differential Analysis p. 913 | E21-2, E21-5, E21-6, E21-8, E21-10, P21-1A, P21-2A |
| 22 | Chapter 21 Differential Analysis | |
| 23 | Chapter 21 Differential Analysis and Introduce Chapter 22 Capital Investments p. 948. | E22-1, E22-2, E22-4, E22-6 |
| 24 | Chapter 22 Capital Investments | |
| 25 | Test #3 Chapters 20, 21, 22 | |
| 26 | Chapter 23 ABC and Cost Allocation p. 981 | E32-1, E23-2, E23-3, E23-6, E23-10, E23-13 |
| 27 | Chapter 23 ABC and Cost Allocation | |
| 28 | Chapter 23 ABC and Cost Allocation Introduce Chapter 24 Cost Management and JIT p. 1020 | EOQ Handout E 24-6, E24-7, E24-8 |
| 29 | Chapter 24 Cost Management and JIT | |
| 30 | Student Evaluations Exam # 4 Chapters 23 & 24 | |
| Final Comprehensive Exam |
Dr. Heier's notes can be found at his WEB-CT site at http://faculty1.aum.edu A handout for accessing the website will be provided. The following table indicates the files applicable (if any) to each chapter covered.
| Chapter | Notes | In-class Problem | Chapter | Notes | In-class Problem |
| FS Analysis | ROI2000 | Chapter 19 | Varrule2000 | Instan | |
| Chapter 14 | Balance2000, Ethlegal2000 | Incgs, Inapply | Chapter 20 | ROI2000 | InROI |
| Chapter 15 | None | None | Chapter 21 | Pricing2000 and Pricing 2020 Relevent2000 | Injoint, Inmake, Inreplace, Inseg |
| Chapter 16 | CVP2000 | Inbehavior, Inhilo, Incvp | Chapter 22 | Innpv | |
| Chapter 17 | None | Absorb | Chapter 23 | ABC2000 | Inabc |
| Chapter 18 | Flexbudget2000 | Inbud | Chapter 24 | JIT2000 | Valueadded |
1. Class schedule may change at the discretion of the Professor