Syllabus for Accounting 220 Managerial Accounting California State University Channel Islands Fall 2006 Human beings hardly ever learn from the experience of others.they learn; when they do, which isn't often, on their own, the hard way. ~ Robert Heinlein, American science fiction writer Instructor: Christine D. Popok, CPA Office: Sage Hall, room 292 Classroom: Bell Tower #1424 Office Hours: T/TH: 07:00 p.m. 07:30 p.m. Class meeting time: T/TH 5:30-6:45 Home E-mail: Popok@adelphia.net Office E-mail: Christine.Popok@csuci.edu Prefer: E-mail Ticket #: 1008, 3.0 Units Home phone: (805) 383-1140 Course Description Three hours lecture/discussion/problem solving. The objective of this course is to provide students with basic knowledge and understanding of managerial accounting concepts. After completing this course, students should have the ability to utilize accounting data to solve common business management problems and understand the impact of decisions on both internal and external financial statements. Prerequisite: Accounting 210 (or equivalent). Learning Objectives Students who successfully complete this course will be able to: Understand how individuals within an organization direct and control the organization s operations concerning accounting and financial information Prepare and analyze a variety of business reports Explain in writing the relevance of accounting data to managerial tasks Provide the necessary supporting data and analyses to assist managers in identifying, conceptualizing, and developing solutions for the complex and critical decisions management must face Communicate logical, reasoned business information to support conclusions about relevant data and analyses, business ethics, etc., through discussion, writing and oral presentations Required Text Introduction to Managerial Accounting 3rd Edition, by Brewer, Garrison and Noreen (McGraw Hill 07). Required Materials: 1) Binder with college rule paper that cleanly tears out 2) Basic Calculator 3) E-mail account 4) Access to Blackboard at http://csuci.blackboard.com and Internet 5) Report-quality folder for Group Project (one per group) 6) Access to and some proficiency in Excel and Word Calculators Calculators must perform simple addition, subtraction, multiplication, and division. Programmable calculators will not be allowed on exams or quizzes. If you do not have a simple calculator, please purchase one. Resources: 1) Blackboard: This class is set up on Blackboard. The syllabus is posted on Blackboard. In addition, various study aids are accessible through Blackboard. I advise you to take advantage of these study aids. Throughout the semester I will use Blackboard for posting
announcements, presenting Power Point lectures, releasing homework solutions, and other relevant information. 2) Tutoring/Study Groups: I encourage students who are grasping the material to assist those who may be struggling. It is a win-win arrangement: the tutor solidifies his/her comprehension and performs a valuable service and the tutee receives important peer feedback and support. 3) Text Website: The texts offer study guides and self-tutoring aids through the Internet which can increase the students accounting skills and comprehension of the material. 4) Workbook/Study Guide: for use with Introduction to Managerial Accounting 3rd Edition, by Brewer, Garrison and Noreen (McGraw Hill 07). 5) Working Papers: for use with Introduction to Managerial Accounting 3rd Edition, by Brewer, Garrison and Noreen (McGraw Hill 07). 6) Office Hours/Conferences: Please take advantage of my office hours and e-mail to receive assistance with your homework, projects, or other course matters. I strongly encourage you to schedule at least one individual conference with me during the semester to get to know each other and to discuss your performance and/or specific concerns and questions. Grading Summary of grading components and grade scale: Total Percent Points Prerequisite Test 10% 100 Exam 1 15% 150 Exam 2 15% 150 Exam 3 15% 150 Final Exam 15% 150 Quizzes (5 @ 20 points each) 10% 100 Group Project 10% 100 Homework (5 @ 20 points each) 10% 100 Total 100% 1,000 Final letter grades will be determined on a standard scale as follows: A 100-94 B 86.99-84 C 76.99-74 D 66.99-64 A- 93.99-90 B- 83.99-80 C- 73.99-70 D- 63.99-60 B+ 89.99-87 C+ 79.99-77 D+ 69.99-67 F < 60 Financial Accounting: A Prerequisite Upon completion of the financial accounting course, Accounting 210 or its equivalent, you should be able to analyze the impact of economic events and prepare a Multi-step Income Statement and Classified Balance Sheet. You will need to apply the basic knowledge gained in the financial accounting course when studying managerial accounting. Among the economic events impacting the financial statements are the following: 1) Understand the basic account categories: Assets, Liabilities, Equity, Expenses, Revenues 2) The recognition of revenue to include both cash & credit sales as well as other sources of income 3) Impact of accruals to include payables 4) Effect of deferrals to include unearned revenue 5) Recognition of notes payable to include interest payable and interest expense 6) Basic equity transactions to include dividends and owner contributions of capital 7) Effect of adjusting entries at the end of the accounting period
You are expected to be able to prepare a balance sheet, income statement, and basic cash flow statement given a set of transactions. We will have a Financial Accounting (prerequisite) exam on September 5, 2006. Examinations By definition, all accounting exams are comprehensive. Students may review their exams by appointment in my office but no student is allowed to keep or copy any portion of an exam. Taking an exam from the classroom, my office, or copying any portion of an exam, will result in an F in the course. Students are responsible for all textbook material covered, assigned outside readings, and material discussed in class, unless specifically excluded by the instructor. Regular exams will consist primarily of problems, short answer, and multiple-choice questions. There are no makeup exams. If you miss a regular exam (prerequisite exam and exams 1, 2, 3), you will receive an exam score on any missed regular exam equal to the LOWEST score on regular exams taken during the semester. Taking the final exam is required failure to take the final exam will result in a score of zero on that exam. Final Examination The final exam will be Thursday, December 14, 4:00-6:00 p.m. There is NO makeup Final. Quizzes During the semester, we will have five quizzes. There are NO make-up quizzes; attendance is essential, as quizzes are unannounced. Project One group project is required in the course. You may choose your own group, or I can help place you in one. If you fail to participate meaningfully in the group s effort, you will receive a ZERO score for the project. See full Assignment Sheet on Blackboard/Assignments page. Homework Homework is not designed to be punitive; rather, it is necessary to reinforce concepts from class lecture and the text. In order to be successful in the class, students should complete the chapter assignments listed on the syllabus. The class will work together through selected problems. Please ASK FOR HELP when you are struggling with working and/or understanding problems. Homework will be randomly checked throughout the semester. Students will receive scores based on the effort evidenced on the assignments rather than on the accuracy of your answers. Therefore, showing all of your work, and attempting to work the problems even if you cannot come up with the correct answers, is necessary. Participation and Professional Classroom Conduct The classroom is a special environment in which students and faculty come together to promote learning and growth. For our learning environment, you must respect the rights of others seeking to learn, respect the professionalism of the instructor, and maintain the general goals of academic freedom. The goal is to express differences of viewpoint or concerns in terms that are supportive of the learning process, create an environment in which students and faculty may learn to reason with clarity and compassion, and develop an understanding of the community in which they live. Consequently, student conduct that disrupts the learning process may lead to disciplinary action and/or removal from class. Such inappropriate conduct includes talking to other students in class while the instructor is lecturing. Cell Phones Cell phone ring tones must be off at all times during class. If you are expecting an urgent phone call, please turn your phone to vibrate, and leave the classroom to answer the call. Cell phones shall not be visible during class at any time, especially during exams. You may NOT use your cell phone as a calculator during exams.
Academic Integrity In accordance with the CSU Channel Islands policy on academic dishonesty, students in this course who submit the work of others as their own (plagiarize), cheat on examinations and quizzes, help other students cheat or plagiarize, or commit other acts of academic dishonesty will receive appropriate academic penalties, up to and including failing the course. See CSUCI catalogue for further explanation. We will always tend to fulfill our own expectation of ourselves. ~ Brian Tracy Students with Disabilities Upon identifying themselves to the instructor and the University, students with disabilities will receive reasonable accommodation for learning and evaluation. For more information, contact Terri Goldstein, Disability Accommodation Coordinator. How to Succeed in this Course: 1) Take notes as you read all assigned material. Highlight key terms and concepts to refer to later. Mark the margin with "?" if you read something you cannot comprehend and ask the instructor or a tutor to explain it further. 2) Note sample report formats, and formulas and keep practicing them until they are memorized. 3) Review and study glossary terms at the back of each chapter. 4) Go over Review Problems and their Solutions at the end of each chapter. 4) Bring this syllabus to class each day, and note any changes to it in writing on your copy. 5) Pay attention to class lectures and homework reviews and TAKE NOTES!!! 6) Immediately raise your hand and ask a question when something seems unclear to you. 7) Sit toward the front of the room where you will be able to see and hear better. Avoid distracting yourself or others during class. Please resist asking questions of your classmates during class - if you pose the question to the instructor, I get a better idea of which areas need further explanation, and others in the class will benefit from going over this area as a whole. Lecture Outline The moment you close your mind from embarrassment, you close it to knowledge. ~ Bonnie Hernandez 8) Check your e-mail and Blackboard frequently. 9) Do not allow yourself to fall behind in the reading, homework, and group project deadlines. 10) Always bring your textbook and a calculator to class! NOTE: The following schedule is tentative and will be modified whenever developments indicate that a change is desirable; bring your syllabus to class.
Class Calendar: Note: It is your responsibility to check on announcements made while you were absent. Note: items in this column are due on the date on this row (i.e. textbooks and CH 1 homework due 8/28/03) Class Date In-class Activities Assignments Due for this class 8/29/06 1 a) Introductions b) In-depth review of syllabus and course requirements c) Blackboard d) Assign Practice Diagnostic period. Complete prior to class. Come to class prepared to participate 8/31/06 1 9/5/06 2 9/7/06 2 9/12/06 3 9/14/06 3 a) Review Practice Diagnostic b) Chapter 1 Introduction to Managerial Accounting and Cost Concepts a) Review CH 1 Homework b) Diagnostic Test a) Review Diagnostic Test b) Groups Established for Project c) Chapter 2 Job Order Costing a) Review CH 2 Homework b) Chapter 3 Activity Based Costing a) Chapter 3 b) Review CH 3 Homework a) Read Prologue b) Study Prologue Glossary c) Practice Diagnostic Due d) Read CH 1 a) Study Diagnostic practice solution on Blackboard b) BE: 1-1, 1-6 c) Exercises: 1-8, 1-10, 1-11 a) Problem: 1-16A b) Read Group Project sheet c) Read CH 2 d) BE: 2-1, 2-2, 2-3, 2-4, 2-5 a) BE: 2-6, 2-7, 2-8 b) Exercises: 2-10, 2-12 c) Read CH 3 a) BE: 3-1, 3-2, 3-3, 3-4, 3-5 b) Exercises: 3-7 9/19/06 4 9/21/06 4 9/26/06 5 a) Review for Exam 1 a) Problem: 3-13A a) Exam #1: CH 1, 2, & 3 a) Study text, homework, and lecture notes! b) Review quizzes a) Chapter 5 Cost Behavior a) Read CH 5 a) BE: 5-1, 5-2, 5-3 9/28/06 5 a) Chapter 5 a) BE: 5-4 b) Exercises: 5-5, 5-7, 5-9
10/3/06 6 10/5/06 6 a) Chapter 6 Cost-Volume- Profit Analysis a) Chapter 6 a) Read CH 6 b) BE: 6-1, 6-2, 6-3, 6-4 a) BE: 6-5, 6-6, 6-7, 6-9 b) Exercise: 6-10 10/10/06 7 a) Chapter 7 Profit Planning a) Turn in DRAFT Group Report for comments b) Read CH 7 c) BE: 7-1, 7-2, 7-3 10/12/06 7 10/17/06 8 10/19/06 8 a) CH 7 a) Exam #2: CH 5, 6, & 7 b) Draft Group Reports returned a) CLASS MEETS IN LIBRARY WIRELESS CLASSROOM a) BE: 7-4, 7-5, 7-6, 7-7, 7-8, 7-9, 7-10 a) Study text, homework, and lecture notes! b) Review quizzes a) Bring group project to library to complete final research and finishing touches b) Come prepared with research objectives 10/24/06 9 a) Chapter 8 Standard Costs a) Read CH 8 b) BE: 8-1, 8-2, 8-3 10/26/06 9 10/31/06 10 11/2/06 10 a) Chapter 8 a) Operations Management The Goal game b) Chapter 9 Flexible Budgets and OH Analysis a) Chapter 9 a) Revised Group Reports due b) BE: 8-4, 8-5 c) Exercise: 8-10 a) Read CH 9 b) BE: 9-1, 9-3, 9-4, 9-5, 9-6 a) BE: 9-7 b) Exercise: 9-11 11/7/06 11 a) Chapter 10 Decentralization a) Read CH 10 b) BE: 10-1, 10-2, 10-3 c) Remember to vote! 11/9/06 11 a) CH 10 Decentralization a) Exercises: 10-5, 10-8
11/14/06 12 11/16/06 12 a) T.C. Boyle on Campus b) Chapter 11 Relevant Costs for Decision Making a) Chapter 11 b) Review Chapter 11 HW c) Review for Exam #3 a) Read CH 11 b) BE: 11-1, 11-2, 11-3, 11-4 a) BE: 11-5 b) Exercises: 11-6, 11-9 11/21/06 13 a) Exam #3: CH 8, 9, 10, & 11 a) Study text, homework, and lecture notes! b) Review quizzes 11/23/06 13 11/28/06 14 11/30/06 14 12/5/06 15 a) NO CLASS THANKSGIVING a) Chapter 13 Statement of Cash Flows a) Chapter 13 b) HW Review a) Chapter 14 Financial Statement Analysis b) HW Review a) Enjoy your turkey or Tofurkey b) Begin preparing for Final Exam a) Read CH 13 b) BE: 13-1, 13-2, 13-3 c) Exercise: 13-7 a) Exercise: 13-9 b) Problems: 13-11A, 13-13A a) Read CH 14 b) BE: 14-2, 14-3, 14-4, 14-5 12/7/06 15 a) Final Exam Review a) Come to class with questions b) BRING FOOD TO SHARE (it s easier to study when the brain is fed) 12/12/06 OPTIONAL REVIEW SESSION 5:30-6:30 12/14/06 4:00 p.m. 6:00 p.m. FINAL EXAM Something to think about: Nobody was ever meant To remember or invent What he did with every cent. ~ Robert Frost The Hardship of Accounting