Instructor: Kanaiya Sugandh
Contact Hours: 4
Credit Hours: 4
I. Course Description
II. Course Objectives
IV. Class Schedule
V. Grading Requirements
VI. Grading Protocol
VII. Exam. Make-Up
VIII. Instructor Reqt.s
XI. Office Hours
XII. Academic Integrity
I. COURSE DESCRIPTION
This course provides exposure to the managerial accounting methodologies and processes that produce information for management decision making. Topics include costing systems, operating and capital budgeting, and cost-volume-profit analysis. Course focus will center on the variety of ways that managerial accounting information contributes to effective business decisions in manufacturing, retail, service, Internet, and not-for-profit organizations. (Prerequisite: ACCT - 212)
II. COURSE OBJECTIVES
Upon completion of this course, the student will be able to:
- Define and illustrate materials, factory labor, and factory overhead costs,
- Describe, prepare, and use job order cost information for decision making,
- Prepare and use cost of production reports for decision making,
- Determine the break-even point and the volume necessary to achieve a target profit, compute the margin of safety and the operating leverage, and explain how managers use these concepts,
- Describe and illustrate income reporting and analysis, under variable costing as well as absorption costing,
- Prepare the basic income statement budgets and balance sheet budgets for a manufacturing organization,
- Evaluate manufacturing performance by calculating and using variances from standard costs,
- Prepare responsibility accounting reports for a cost center and a profit center, and compute and interpret the rate of return on investment,
- Prepare a differential analysis report for decisions involving various alternative business decisions,
- Determine the selling price of a product, using the total cost, product cost, and variable cost concepts,
- Evaluate capital investment proposals, using average rate of return, cash payback, net present value, and internal rate of return methods,
- Calculate product cost, using various methods for factory overhead allocation,
- Contrast just-in-time manufacturing practices with traditional manufacturing practices, apply just-in-time manufacturing practices, describe the costs of quality, and prepare a 'Pareto' chart,
- Prepare a cashflow statement in good form, using the indirect method, and
- Apply the generally accepted accounting practices for asset valuations, allowances, and liability valuations, and describe their impact in financial reporting.
1. Managerial Accounting, 7th Ed. (required)
Carl S. Warren, James M. Reeve, and Philip E. Fess
South-Western College Publishing
ISBN # 0-324-02538-6
2. Accompanying Working Papers (required)
3. Accompanying Study Guide (optional)
IV. CLASS SCHEDULE
- Introduction to managerial accounting and job order cost systems (Ch 1)
- Process cost systems (Ch 2)
- Cost behavior and cost-volume-profit analysis (Ch 3)
- Profit reporting for management analysis (Ch 4)
- WEEK 5: UNIT TEST # 1
- Budgeting (Ch 5)
- Performance evaluation, using variances from standard costs (Ch 6)
- Performance evaluation for decentralized operations (Ch 7)
- Differential analysis and product pricing (Ch 8)
- WEEK 10: UNIT TEST # 2
- Capital investment analysis (Ch 9)
- Cost allocation and activity-based costing (Ch 10)
- Cost management for the just-in-time environment (Ch 11)
- WEEK 15: FINAL COMPREHENSIVE EXAM
V. GRADING REQUIREMENTS
Studentsí final grade will be based on the five areas of class grade category, as indicated below:
1. Final Comprehensive Exam - 25%
2. Unit Tests -------------------------- 30%
3. Quizzes ----------------------------- 20%
4. Homework Assignments ------ 20%
5. Participation ----------------------- 05%
TOTAL ---------------------------------- 100%
Final comprehensive exam will be administered in two class periods. Each unit test weighs 15%. A missed unit test grade is a zero. Four class quizzes will be given. Each class quiz weighs 5%. Ten homework assignments will weigh 2% each. Class participation will be based on the students' class attendance and contribution to class discussions.
VI. GRADING PROTOCOL In order to pass this course, a student MUST obtain a MINIMUM GRADE of 60% in the class grade. Studentsí final grade in this course is based on a percentage scale as listed below:
LETTER GRADE = GRADE PERCENTAGE = GRADE POINT
A = 90 - 100% = 4.00
B = 80 - 89% = 3.00
C = 70 - 79% = 2.00
D = 60 - 69% = 1.00
F = below 60% = 0.00
VII. EXAMINATION MAKE-UP
Since responsible behavior -including daily class attendance- is expected of all DeVry students, absence from a scheduled examination is considered to be an extremely serious matter. It is school policy that no faculty member shall be required to schedule a make-up examination unless the student presents a statement from a licensed physician stating that he or she was physically unable to attend school on the day of the exam. The faculty member may schedule a make-up for other equally serious reasons, provided that arrangements are made prior to the date of the exam. An individual faculty member may also schedule a make-up exam if, in his or her opinion, a situation exists that does not fall under the provision of this policy but merits special consideration.
VIII. INSTRUCTOR REQUIREMENTS
All quizzes, tests, and the final comprehensive exam will be briefly reviewed a week before the date announced. There are no make-ups on any homework assignments, tests, quizzes, projects, or the final comprehensive exam except with a written, valid excuse. Any make-up work assigned, upon review of valid excuse, is required to be completed within one week from the original date. All students are required to complete each homework assignment, quiz, unit test, and final comprehensive exam by the appointed time. No extra time will be allowed. Group participation, including during group quizzes and unit tests, if any, is encouraged for items selected by the instructor. Selected accounting applications, presentations, and assignments necessitate researching through the required resources, recommended readings, the internet, and library resources. Please do retain your required resources for possible future use.
Each student is required to attend every lecture and laboratory in which he or she is enrolled. A swipe-card terminal in each classroom is used to record attendance electronically. Students are responsible for arriving before class begins, sliding their identification through the wall-mounted reader, and remaining for the duration of the meeting. Students who are absent for two or more days must contact their assigned Academic Coordinator for advisement. Students who miss more than five (5) consecutive days of school are in violation of the DeVry attendance policy and will be dismissed.
As announced in the class.
XII. ACADEMIC INTEGRITY
Ideas and learning form the core of the academic community. In all centers of education, learning is valued and honored. No learning community can thrive if its members counterfeit their achievement and seek to establish an unfair advantage over their fellow students. The academic standards at DeVry are based on a pursuit of knowledge and assumes a high level of integrity in every one of its members. When this trust is violated, the academic community suffers injury and must act to ensure that its standards remain meaningful. The vehicle for this action is the Academic Integrity Policy outlined in the Student Handbook.
The Academic Integrity Policy is designed to foster a fair and impartial set of standards upon which academic dishonesty will be judged. All students are required to read, understand, and adhere to these standards, which define and specify the following mandatory sanctions for such dishonest acts as copying, plagiarism, lying, unauthorized collaboration, alteration of records, bribery, and misrepresentation for the purpose of enhancing one's academic standing.
The first recorded offense will result in the student receiving zero credit for the entire paper, exam, quiz, lab, homework assignment, or other graded activity in which the incident of academic dishonesty occurred. No partial credit may be given. Where the incident involves a graded assignment normally subject to a "drop" option, the student may not exercise that option.
The second recorded offense will result in the student receiving a failing grade for the course in which the second offense occurs. The second offense need not be in the same course, program, or term as the first offense to invoke this sanction.
The third recorded offense will result in the student being permanently expelled from the DeVry system. Again, the third offense need not be in the same course, program, or term as either the first or second offense to invoke this sanction.