Acct-222 Managerial Accounting

I. Course Description:

• Accounting reports for in-house decisions.
• Study of the use of accounting information for planning, control and managerial decision making; attention directing and problem-solving uses of accounting data: cost flows, production costing, cost-volume-profit and the contribution approach to decisions, and capital budgeting.

II. Course Objectives:

• This course emphasizes the use of accounting data by managers in directing the affairs of business organizations.
• Managers need information to carry out three essential functions in an organization: (1) decision making; (2) planning; and (3) controlling activities.
• In this class students will learn what information is useful, where to obtain the information, and how the information can be structured to aid managers in their planning, control, and decision-making responsibilities.

At the completion of this class, the student should be able to:

• Prepare a statement of cash flows. In addition, students must understand the need for this statement as well as the nature of the information provided.
• Understand cost classifications including: fixed versus variable, period versus product, direct versus indirect, and prime versus conversion.
• Demonstrate an understanding of cost behavior including cost-volume-profit relationships. Students will be required to demonstrate the ability to solve break-even problems.
• Understand the short-term and long-term decision making process, especially as it is applied to capital budgeting decisions.

III. Course Outline:

Week 1

• 1 Course Introduction/Review of Financial Accounting
• 2 Ch. 1/ Ch. 2 Introduction to Management Accounting; Download General Diaper Delivery & Monopoly

Week 2

• 3 Review of Financial Accounting General Diaper Delivery & Monopoly
• 4 Ch. 2 Introduction to Management/Accounting Cost Terminology E2-1; E2-6; P2-15; E2-5; E2-16

Week 3

• 5 Ch. 5 Cost Behaviors Excel Computer Lab I – Cost Behavior Models E5-7; P5-18; C5-23
• 6 Ch. 5 Cost Behaviors E5-1; P5-11; E5-10

Week 4

• 7 Ch. 5 Cost Behaviors P5-14; P5-15
• 8 Ch. 6 Cost-Volume-Profit Analysis E6-1; E6-9
• Special Project #1 Due

Week 5

• 9 Ch. 6 Cost-Volume-Profit Analysis Excel Computer Lab II Cost-Volume-Profit Models
• 10 Ch. 6 Cost-Volume-Profit Analysis E6-3; P6-18; P6-14

Week 6

• 11 Ch. 6 Cost-Volume-Profit Analysis E6-7; P6-11; P6-17
• 12 Ch. 7 Variable Costing E7-1; E7-4; P7-8

Week 7

• 13 Ch. 7 Variable Costing E7-6; E7-8; P7-10
• 14 Ch. 8 Variable Costing E8-1

Week 8

• 15 Midterm Examination #1 Part 1 Chapters 1, 2, 5, 6 and 7
• 16 Midterm Examination #1 Part 2 Chapters 1, 2, 5, 6 and 7

Week 9

• 17 Ch. 9 Planning/Budgeting Special Project #2 Due E9-1; P9-9
• 18 Ch. 9 Planning/Budgeting Excel Computer Lab III Planning and Budgeting

Week 10

• 19 Ch. 9 Planning/Budgeting E9-5; P9-16
• 20 Ch. 9 Planning/Budgeting E9-4; P9-17

Week 11

• 21 Introduction to Decision Making
• 22 Ch. 13 Relevant Costing E13-2; E13-4; P13-7

Week 12

• 23 Ch. 13
• Relevant Costing Excel Computer Lab IV –Relevant Costing Special Project #3 Due E13-5; E13-8; P13-12
• 24 Ch. 13 Relevant Costing E13-9; P13-13

Week 13

• 25 Ch. 13 Relevant Costing P13-21
• 26 Ch. 14 Capital Budgeting E14-4; P14-13

Week 14

• 27 Ch. 14 Capital Budgeting Excel Computer Lab V – Capital Budgeting

• E14-7; P14-19
• 28 Ch. 14/15 Further Aspects of the Investment Decision E14-10; P14-16; P14-30 E15-3; P15-6

Week 15

• 29 Ch. 15 Further Aspects of the Investment Decision Special Project #4 Due E15-4; P15-13

Comprehensive Final Exam

IV. Textbook and Other Instructional Material:

• Required Reading: Managerial Accounting, Garrison and Noreen, Irwin.
• Storage Media: 4 3½” Formatted 1.44MB Disks.