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: 3Lec_____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:
- Discuss the difference between financial and managerial accounting and identify the characteristics, process, organization, and the profession of managerial accounting.
- Define and discuss the concepts, procedures, and characteristics of a manufacturing process with a job order cost system.
- Distinguish between the process cost system and the job-order cost system and describe and illustrate a process cost accounting system.
- Describe the nature and objectives of budgeting, including procedures and various reports.
- Describe and illustrate methods used for evaluation of capital investment proposals, capital rationing and planning, and controlling capital investment expenditures.
- Describe and explain the nature and types of decentralization.
- Define and discuss responsibility accounting for investment centers and transfer pricing.
- Describe and illustrate inventory control, quantitative techniques for estimating costs, and the learning effect in estimating costs.
- Define and explain the managerial use of expected value concept, variance analysis using expected value, and maximum concepts of decision-making policies.
- 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)
- Describe the nature of concepts of funds, working capital, analysis of cash, and cash flow from operations.
- 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 costsContribution margin
Variable costsBreak-even analysis
Process costJob order cost
Variable costingActivity based costing
Net present valueTime 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
IVYTECHSTATE COLLEGE VIRTUAL LIBRARY:
For students on-and-offcampus, the Virtual Library offers full text journals, books, and other resources essential for completing course assignments. Go to 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 = A90 - 100% = A
3.5 - 2.6 = B80 - 89% = B
2.5 - 1.6 = C70 - 79% = C
1.5 - .6 = D60 - 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 ChapterTopic
1Chapter 1Introduction to Managerial Accounting and Cost Concepts
Prologue: Managerial Accounting and the Business Environment
2Chapter 13How Well Am I Doing? Statement of Cash Flows
3Chapter 14How Well Am I Doing? Financial Statement Analysis
4Chapter 14Financial Statement Analysis (continued)
5Chapter 2Systems Design: Job-Order Costing
6Chapter 3Systems Design: Activity-Based Costing
7Chapter 4Systems Design: Process Costing
8Chapter 5Cost Behavior: Analysis and Use
9 Chapter 6Cost-Volume-Profit Relationships
10Chapter 7Profit Planning
11Chapter 8Standard Costs
12Chapter 9Flexible Budgets and Overhead Analysis
13Chapter 10Decentralization
14Chapter 11Relevant Costs for Decision Making
15 Chapter 12Capital Budgeting Decisions
16FINAL EXAMINATION