Acct 206 INTRODUCTION TO MANAGERIAL ACCOUNTING Spring 2015 Section 001 SYLLABUS Instructor: Kathy Hurley Telephone: 426-121 Office: MBEB 3121 E-mail: kathyhurley@boisestate.edu Office Hours: 10:30 11:30 am 10:30 11:30 am and 1:30 3:00 pm Or by appointment Class Time: TTh :30 8:45 am Classroom: MBEB 1301 Skaggs Hall Lab Times: On designated s and Fridays (come on either or Friday) - See Class Schedule and Homework 6:30 10:15 am MBEB 1301 (Skaggs Hall) Friday 9:00 noon SMTC 118 Required Texts and Materials: Introduction to Managerial Accounting, Custom Package, Brewer, Garrison, Noreen (ISBN# 98125952326). The custom package includes the required managerial case study High Mountain Coffee Company, Ilett. It is available at the BSU bookstore. The custom package is substantially less than buying each separately. Top Hat Registration (see information below) Three (3) lined 8-1/2 x 11 Blue Books COBE Core Objectives: Students in this class will learn or practice the following COBE Core Curriculum concepts, methods, and skills: 1. Understand and apply analytical and disciplinary concepts and methods related to business and economics: 1.1. Accounting 1.3. Economics 1.4. Finance 1.5. Information Technology Management 1.. Legal environment of business 1.8.Management 1.10. Mathematics & Statistics 2.1. Communicate effectively: Write messages and documents that are clear, concise, and compelling 2.2. Communicate effectively: Give oral presentations that use effective content, organization, and delivery 3. Solve problems, including unstructured problems, related to business and economics 4. Use effective teamwork and collaboration skills 5. Demonstrate appropriate principles of responsible business practices 5.1 Resolve issues related to Individual Responsibility (Business Ethics) 5.2 Resolve issues related to Corporate Social Responsibility 5.4 Resolve issues related to Environmental Responsibility (Environmental Sustainability)
Desired Educational Outcomes: Students should be able to: Understand basic managerial and cost accounting concepts such as cost-volume-profit, budgeting, product costing and cost behaviors. Explain and utilize cost behaviors and cost systems in a decision-making context. Prepare, use and evaluate budgetary data. Generate and use cost information when making pricing and resource allocation decisions. Explain cost allocation and its importance in decision-making. Evaluate capital expenditure decisions using discounted cash flow. Understand how managerial accounting concepts apply to any career or business environment Outcome Assessment: Student s understanding of managerial accounting will be evaluated based on student s performance in the following areas: 1) Responses to in-class problems 2) Ability to solve unstructured problems, 3) Performance on quizzes, case study and examinations. Assessment of other COBE core objectives include but are not limited to: 1) Teamwork and collaborative skills will be evaluated in case study lab and in class. 2) Discussion of homework will be used to evaluate oral communication skills. 3) Computer and communication skills will be evaluated based on Excel presentation of homework problems. Learning Assistants: We are fortunate to have learning assistants for this class. These students are responsible for grading homework, helping in class, tutoring, conducting review sessions, and providing assistance during lab sessions. Their emails and specific tutoring hours are posted on Blackboard under Staff Information. If you cannot meet during their designated hours, please email them to see if they are available for individual tutoring. Please remember they are students also and have busy schedules. Paul Sheldon Amanda Wybenga Jessika Bunn Dustin Boggan Graduate Assistants: Zachary Bolen and David Cowles will provide additional help with lab sessions. They will also be available for Acct 206 tutoring during specific hours in the tutor lab (MBEB2301). Check Blackboard Staff Information or the board outside of my office door for their hours. Classroom Response System: Top Hat: We will be using the Top Hat (www.tophat.com) classroom response system in class. You will be able to submit answers to in-class questions using Apple or Android smartphones and tablets, laptops, or through text messaging on a non-smart phone. This means you need to bring a mobile device to every class. If you do not have a mobile device, please be sure to check one out at one of The Zones on campus. If you have any questions on how to do this, please contact me or one of the learning assistants. I will be using Top Hat in the classroom but we will be using Blackboard to report grades. You can visit tinyurl.com/tophatstudentguide for the Student Quick Start Guide which outlines how you will register for a Top Hat account, as well as providing a brief overview to get you up and running on the system. An email invitation has been sent to your email account (if you haven t receive this email, you can register by visiting our course website: http://app.tophat.com/e/025566). If you have any questions about Top Hat, please contact them directly for assistance. Top Hat requires a subscription. There are two options to choose from: - $20 for 4 months of unlimited access - $38 for 5 years unlimited access Acct206 Spring 2015, Section 001 page 2
Attendance: Attendance and participation in class are key components of learning and understanding managerial accounting material. I will take attendance via TopHat. Furthermore, a portion of all quiz grades, in-class problem grades, and discussion grades will count towards participation/attendance points. Note: Each course section has a unique Top Hat section number; therefore, you need to attend the section you are registered for in order to receive in-class points. Lecture Slides, handouts, course updates: All lecture slides will be posted on Blackboard and TopHat. Please bring them with you in either a hardcopy or on your mobile device. Additional handouts and supplemental homework assignments will also be posted to Blackboard as well. Quizzes: Each class will begin with a timed Quiz. The Quiz will start no later than :35 am. It will be multiple choice and cover core concept questions. Some questions will be taken directly from the Concept Checks in the book, some will be over homework problems, some will be over formulas. You can look up answers but there won t be a lot of time for you to answer the questions. The quiz questions will be delivered via PowerPoint slides, you will record your answer using Top Hat. Quizzes cannot be made-up; therefore, I will drop your two lowest quiz scores when determining your final grade. In-class problems/participation: We will work through basic problems during each class. These problems will give you the opportunity to practice new concepts with assistance from the instructor, your classmates, and peer mentors, and before you have to tackle homework problems on your own. You will use TopHat to report out your answers on these problems. You will be allowed to work with other students when analyzing most in-class problems. Lab Sessions: There will be eight lab days during the semester (see Class Schedule) in which the ULAs, the graduate assistants and I can provide one-on-one guidance as you complete the High Mountain Coffee Company Case Study. The lab will be held in Skaggs Hall on s and in Simplot Micron Technology Center (SMTC) 118 on Fridays. You get to choose when you are going to attend lab. Regular class is not held on Lab days. Each task allows you to apply the managerial concepts learned that week. The lab provides us the opportunity to provide you with individualized assistance and help you better understand the applicable concepts. There are 6 versions of the case study. You will be assigned a version and given a handout with the relevant data for your version of the lab. Prior to the first lab students MUST enter the data from the Handout High Mountain Coffee Company Updated information, for Internal Use Only into their workbook. Having this information entered PRIOR to arriving at lab on the first day is worth 5 extra credit points on Task 1. Students may come to lab at any time during either the or Friday lab session. However, attendance is required unless you have had your lab signed off in advance by either the instructor or a peer mentor. Each lab takes approximately one hour to complete if you come prepared. Each task must be completed and graded before the end of lab on the designated day. Late lab tasks will not be accepted. Lab Tasks can be completed in advance. I will post check figures and have a Discussion Board available on blackboard for each lab task. If you complete your lab in advance, you can have a peer mentor or Kathy sign it off either before lab or in lab. Acct206 Spring 2015, Section 001 page 3
Homework and Assignments: Homework is assigned from each chapter. Students must complete all homework assignments in Excel. Handwritten work will not be accepted. Homework problems will be reviewed in class so that students can make corrections. A hardcopy of your corrected homework assignment will be turned in at the end of each class. Homework will NOT be accepted via email or late. Homework grade has two components: 1) Completion (80%). Note: Make sure you complete your own assignment! Any homework that appears to be identical or virtually the same as another student s assignment will receive a zero for the completion grade. 2) Corrections noted (20%): Homework is gone over in class so that you can learn from your mistakes and note any corrections. The corrections are worth 20% of your grade. Homework solutions will be posted on Blackboard immediately after class discussion. Examinations: There will be three examinations two midterms and a final. The final will include a set of comprehensive multiple-choice questions but the problems will be over only the last four chapters. I do not give make-up exams. If you are going to be gone, please take the exam in advance. If you have unavoidable, major extenuating circumstances on an exam day, please email me immediately and I will let you know your options. Each exam will have a BLACKBOARD SECTION. It will be available on blackboard one week prior to each exam and due by midnight the night before the exam. This portion of the exam is open note, open book, multiple-choice questions. Once the exam is opened it must be completed in the allotted time; questions are in random order, once an answer is submitted you cannot go back and change it. EACH STUDENT IS REQUIRED TO BRING THE FOLLOWING TO CLASS ON EXAM DAYS: 1) One (1) 8-1/2 x 11 LINED Blue Book to record their answers. Do not write on the Blue Book as you will be giving it to another student before taking the actual exam. If you do not bring a Blue Book, 10 points will automatically be deducted from your exam grade. You will be charged $1 to purchase a Blue Book from the instructor. 2) Student ID 3) Calculator and writing utensil, preferably a pencil. It is a good idea to bring an eraser also. 4) Cell phones/laptops/other mobile devices must face down or closed if on the desk, or left in your backpack. Backpacks will be closed. You will not need them on exam days and if visible disciplinary actions will be taken. 5) Students will pick up their exam based on their assigned version of the lab/case study. Extra Credit: Extra credit opportunities will be available throughout the semester. Cheating: Business students are preparing to accept professional responsibilities after graduation. A very important part of that professional responsibility is honesty and trustworthiness. In order to develop these traits you should make it a priority to identify ethical dilemmas and resolve them ethically. For many students, the decision to cheat in their classes is their first professional ethical situation. Please make the responsible and ethical decision and do your own work. Boise State University s Student Code of Conduct addresses Academic Dishonesty in Article 4, Section 1. It states: A violation [of the Student Code of Conduct] may include cheating, plagiarism, or other forms of academic dishonesty. All assignments submitted by a student must represent her/his own ideas, Acct206 Spring 2015, Section 001 page 4
concepts, and current understanding or must cite the original source. Academic dishonesty includes assisting a student to cheat, plagiarize, or commit any act of academic dishonesty. Attempts to violate academic integrity do not have to be successful to be considered academic dishonesty. Academic dishonesty includes turning in substantial portions of the same academic work to more than one course without the prior permission of the faculty members. (http://deanofstudents.boisestate.edu/scp-codeofconduct-article4/) Any instance of dishonesty in this class will result in a failing grade for that assignment. This includes copying the homework assignments of another student. One warning will be given and then the student will be reported to the Dean of Students. Make the right choice! Complete your own work and refrain from cheating! Grading: Points Examinations 600 Lab Case Study 200 Homework Assignments 100 Quizzes (drop two lowest grades) 100 In-class problems/participation/attendance 100 Total 1,100 Grades will be posted to Blackboard throughout the semester. Students are responsible for monitoring their grades and contacting the instructor if they have any questions. Make sure you pick up your graded homework assignments and verify that your lab grade has been entered. This way it is easy for us to rectify a grade entered incorrectly in the grade book. Please do not wait until the last week of class if you think there is an error in reporting a grade. A curve will not be used in grading. Grades will be assigned as follows: 93-100% (1,023 1,100 points) A 90-92.9% (990-1,023 points) A- 8-89.9% (95-989 points) B+ 83-86.9% (913-956 points) B 80-82.9% (880-950 points) B- -0.9% (84-89 points) C+ 3-.9% (803-846 points) C 0-2.9% (0-802 points) C- 60-69.9% (660-69 points) D Less than 60% (0 659 points) F Drop Policy: In accordance with University policy, the last day to drop this course is March 20, 2015 (January 26, 2015 is the last day to drop without a W). Acct206 Spring 2015, Section 001 page 5
Class Schedule and Homework Assignments ACCT 206 - INTRODUCTION TO MANAGERIAL ACCOUNTING Spring 2015 Section 001 Date Chapter Classroom Topic/Activity Homework Due on this Date 1/13 1/15 1/20 1/22 or 23 1/2 1/29 or 30 2/3 2/5 2/10 2/12 2/1 2/19 or 20 1 1 2 2 3 3 8 8 8 Orientation to class and labs LECTURE: Handout and Ch 1 Managerial and Cost Concepts Review Ch. 1 Homework Task One - Cost Classification LECTURE: Ch 2 Job-Costing Task Two - Job Cost Card Review Ch. 2 Homework LECTURE: Ch 3 Activity-based Costing (ABC) Review Ch. 3 Homework LECTURE: Ch 8 Flexible Budgets, Standard Costs & Variances Review Ch. 8 Homework Task Three - Variances PRINT and bring to class. READ Handout (on Blackboard) and Chapter 1 COMPLETE: 1-3, 1-8, 1-9,1-18, 1-23A ENTER data from Lab Handout and READ Task 1 PRIOR to attending lab. READ Chapter 2 Suggested: PRINT Handout 8-1 READ Task 2 PRIOR to attending lab. COMPLETE: 2-1, 2-2, 2-3, 2-5, 2-8, 2-12, 2-16A READ Chapter 3 COMPLETE: 3-3, 3-10, 3-12A, 3-15A, 3-16A READ Chapter 8 BRING COMPLETED Handout 8 COMPLETE: 8-1, 8-4, 8-5, 8-6, 8-1, 8-20; Turn in Handout 8 Blackboard portion of exam opens! READ Task 3 PRIOR to attending lab. WARNING: Allow extra time for lab. MONDAY 2/23 2/24 2/26 3/3 3/5 1,2,3,8 1,2,3,8 no number p. 158-191 No number 5 Blackboard portion of exam due by MIDNIGHT! EXAMINATION #1 200 points LECTURE: NO NUMBER Cost Behavior and the Contribution Format Income Statement Review Ch. No # Homework LECTURE: Chapter 5, Cost- Volume Profit; Mixed Costs; Contribution Margin MULTIPLE CHOICE QUESTIONS, OPEN NOTE, OPEN BOOK BRING A BLUE BOOK! READ pages 158-12 COMPLETE: 2,3, 4, 1 READ Chapter 5 3/10 5 Review 5 Homework COMPLETE: 5-1, 5-6, 5-, 5-9, 5-15, 5-26A, 5-31A
Date Chapter Classroom Topic/Activity Homework Due on this Date 3/12 or 13 3/1 3/19 or 20 3/31 4/2 or 3 MONDAY 4/6 4/ 4/9 NO #, 5, No #, 5, 9 Tasks Four and Five - COGM Schedule and CVP Analysis LECTURE: Ch Profit Planning Task Six - Budgets March 23 2 SPRING BREAK Review Ch. Homework Task Seven - Cash Flow Forecast Blackboard portion of exam due BY MIDNIGHT Examination #2 200 points LECTURE: Ch 9 Performance Measurement and Differential Analysis READ Tasks 4 & 5 PRIOR to attending lab. WARNING: Allow extra time for lab. READ Chapter READ Task 6 PRIOR to attending lab. COMPLETE: -1, -2, -3, -10, -13, -16 Blackboard portion of exam opens! READ Task PRIOR to attending lab. WARNING: Allow extra time. MULTIPLE CHOICE QUESTIONS OPEN BOOK, OPEN NOTES BRING BLUE BOOK! READ Chapter 9 4/14 4/16 or 1 4/21 10 9, 10 LECTURE: 10 Performance Measurement and Differential Analysis Tasks Eight & Nine - Performance and Diff. Analysis Review Chapters 9 & 10 Homework (worth 20 HW pts) READ 10 READ Tasks 8 & 9 PRIOR to attending lab. COMPLETE: 9-5, 9-10, 9-12, 9-18; 10-3,10-9, 10-15, 10-21A 4/23 4/28 4/30 or 5/1 11 11 LECTURE: Ch 11 Profit Planning Review Ch. 11 Homework Task Ten - Capital Budgeting READ Chapter 11 COMPLETE: 11-2, 11-6, 11-10A, 11-11A, 11-19A Blackboard portion of exam opens! READ Task 10 PRIOR to attending lab. WEDS May 6 All chapters Blackboard portion of exam due by MIDNIGHT COMPREHENSIVE MULTIPLE CHOICE QUESTIONS OPEN BOOK May 9, 10,11 FINAL - Examination #3 200 points :30 9:30 am Acct206 Spring 2015, Section 001 page