ACCOUNTING 1020 DECISION MAKING WITH ACCOUNTING Fall 2012

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1 ACCOUNTING 1020 DECISION MAKING WITH ACCOUNTING Fall 2012 Course Description: Uses of accounting information for making managerial decisions, study of cost behavior, basic cost accumulation systems, elementary capital budgeting, master and flexible budgets, and cost control. Self-directed learning of financial literacy. Course Learning Objectives: A list of summarized learning objectives is provided below. A student who successfully completes this course will be able to: 1. Be able to identify and categorize variable and fixed costs in order to prepare a contribution margin income statement. 2. Separate fixed and variable components of a mixed costs using the high-low method 3. Prepare a master budget for a merchandising company, including the sales budget, purchases budget, selling & administrative budget, cash budget, proforma income statement, and proforma balance sheet. 4. Identify relevant costs and know how to use them to make managerial decisions, including special order decisions, outsourcing decisions, and segment elimination decisions. 5. Evaluate simple investment decisions for investment centers using capital budgeting techniques, including net present value, internal rate of return, and payback period. 6. Become proficient in using Microsoft Excel to meet objectives above. 7. Apply the IMA Standards of Ethical Conduct to various situations. 8. Become financially literate and build strong financial skills. Prerequisites: Accounting 1010 AND Economics 1030; honors tutorial students are exempted from these prerequisites. If you do not meet these specific requirements, you shall be dropped from this course at approximately mid-quarter. An audit of all COB enrollments is made to verify that students do meet the prerequisites. If you have any questions about your eligibility, please make sure of your status as quickly as possible. NOTE ON CALCULATOR USE: YOU MAY NOT USE ANY PROGRAMABLE CALCULATOR OR CELL PHONE CALCULATOR DURING AN EXAM. DOING SO WILL BE CONSIDERED AN ACT OF ACADEMIC DISHONESTY

2 Text: Decision Making with Accounting: ISBN# (customized textbook ONLY available at FOLLETT S University Bookstore) With selected materials from the following two books: Introduction to Managerial Accounting, Sixth Edition, by Brewer, Garrison, and Noreen Fundamental Managerial Accounting Concepts, Sixth Edition, by Edmonds, Tsay, and Olds, NOTE: This is a new customized textbook that is different from the textbook used in the prior quarters. Please do not purchase any used book for this semester. Moreover, when you purchase a new textbook from the bookstore you will receive an access code for Connect, your online homework program. This code will give you access to Connect AND the E-book. If you choose not to purchase the customized textbook from the bookstore, then you must purchase an access code for Connect separately (this can be done on the McGraw-Hill website) and you will NOT receive access to the E-book. COURSE WEBSITE: NOTE: ACCESS TO THIS WEBSITE IS MANDATORY. Excel assignments and other helpful resources, such as instructional videos, are posted on this website. Registration for this website is $ You can pay through your PayPal account (if you have one) or by using a credit card. Detailed instructions will be provided the first day of class. To prevent any unauthorized hacking, you will need to answer a security question before you can register for the website. The security question is What is OU s Mascot? And, the answer is bobcat. Each student must purchase his/her own access to the website. Excel assignments are specially coded for each individual student to prevent academic dishonesty. Grading: Exam #1 50 Exam #2 100 Comprehensive Final Exam 120 Excel Assignments 45 CONNECT Homework 45 MoneyU Homework 25 Instructor Designated Points 30 Total possible points 415 Note 1: See below for more details on each grading component. Note 2: Each instructor may individually determine the allocation of the Instructor Designated Points (i.e., for attendance, additional homework, quizzes, etc.)

3 Extra Credit: There is NO extra credit in this course under any circumstances. So, please do not write to your instructor and ask. Grades: Final grades for this course will generally be based on the following scale: A: 92% - 100% C: 72% - 77% A-: 90% - 91% C-: 70% - 71% B+: 88% - 89% D+: 68% - 69% B: 82% - 87% D: 62% - 67% B-: 80% - 81% D-: 60% - 61% C+: 78% - 79% F: 59% and below Exams: Exams dates and times are listed on the course calendar. The final exam is comprehensive. There will be no make-up exams. Students may reschedule an exam for valid, documented reasons that are cleared with the instructor before the exam. In case of an emergency, notify your instructor as soon as possible. If you are ill enough to miss an exam, you should obtain a note from your doctor that states the date/place/time that you sought medical help. Any unexcused missed exam or quiz will result in a zero (0) for that exam or quiz. You should bring to each exam: a picture identification, a NON-PROGRAMABLE calculator, and pencils. EXCEL Assignments: You are required to complete several assignments using Microsoft EXCEL. You must download the Excel Assignment and Template from Moreover, you must use this semester s Excel Templates. Prior quarters Excel Templates will NOT be accepted. All of these projects are open book. These assignments are designed to assure that you have a mastery of the underlying dynamic relationships among the variables so as to develop a more complete understanding of the topics. There are instructional videos on to demonstrate how to complete each assignment set-by-step. The Excel assignments will cover the following topics: Excel #1: Contribution Margin Income Statement (INDIVIDUAL) Excel #2: High-Low Method (INDIVIDUAL) Excel #3: Comprehensive Budget (GROUP) see below Excel #4: Capital Budgeting (INDIVIDUAL or GROUP) Excel #5: Dropping a Product Line (INDIVIDUAL or GROUP) Excel assignments #1, #4, and #5 are worth 5 points each, Excel #2 is worth 10 points, and the Comprehensive Budgeting Project (Excel #3) will count 20 points. The first two projects are INDIVIDUAL projects and it would be considered academic dishonesty to solicit or otherwise engage the help of any other student (see below for consequences of academic dishonesty) or instructor other than your own. The third project is a comprehensive budgeting project, which will be completed as a GROUP. You may complete the remaining #4 and #5 projects as an individual or as a group

4 Rules regarding the completion of the Excel Assignments: 1) You MUST use the Excel Templates provided on for this semester. 2) You MUST download the Excel Templates using YOUR account from Each template is individually coded to prevent academic dishonesty. Any student found using the template from another student s account will receive an automatic zero on the assignment and be subject to further penalties for academic dishonesty. In addition, any student allowing another student to use his/her account from will also receive a zero on the assignment. 3) You MUST sign the academic honesty pledge or you will automatically receive a zero--no EXCEPTIONS! 4) You MUST use formulas and links whenever possible. If you simply type in your solutions rather than use formulas (in ANY part of the assignment), you will receive a ZERO. 5) You MUST name your Excel files per your instructor s request. Failure to name your Excel file correctly according to your instructor s request will result in a zero--no EXCEPTIONS. 6) Your Instructor will inform you how to send your assignments electronically. Failure to follow YOUR INSTRUCTOR S INSTRUCTIONS will result in a grade of zero for the assignment (note that each instructor may have his/her own required method of turning in the assignment). 7) To receive credit, your instructor must RECEIVE your assignment by the due date (no later than 11pm without exception). 8) If you decide to work in a group for remaining Excel assignments, you MUST work with individuals IN YOUR CLASS. YOU MAY NOT WORK WITH SOMEONE IN ANOTHER SECTION (even if you both have the same instructor)! Note 1 on Excel Assignment Rules: These rules are followed for EVERY assignment WITHOUT EXCEPTION. Please make sure you READ and UNDERSTAND the rules before submitting any Excel assignment. If you have questions as to what a particular rule means, please ASK your instructor BEFORE the due date of the assignment. Students that do NOT follow the rules COMPLETELY will receive a ZERO on the assignment NO EXCEPTIONS. Following directions is an important skill to master before entering the workforce and we expect you to begin learning how to follow directions in this class. You will be reminded of the rules on EVERY Excel assignment please make sure you follow them. Note 2 on Excel Assignment Rules: Internet malfunction and/or Blackboard being down is not a valid excuse for not submitting Excel assignments by their assigned due date/time. In most cases you are given several days to complete the assignments do NOT wait until the last minute to complete these assignments. RECOMMENDATION ON EXCEL ASSIGNMENTS: Make sure that you SAVE your Excel file (either on your personal computer or on a flash drive if you are using a public computer in a computer lab) after you have completed the assignment (ensure that you have used the appropriate filename as required by the Excel Assignment Rules). We recommend that if your instructor has you Excel Assignments that you also the assignment to yourself. When you receive it check it to make sure that all rules have been followed - 4 -

5 and that you can open the file. The Excel rules will be followed without exception. You are responsible for assuring that you have sent the file to the correct address of your instructor. By the way, do not assume that you can choose how to send the Excel file to your instructor. Your instructor will tell you how he/she will accept it. If you do not know, do not guess ASK. Only those assignments that have been received by your instructor in the manner they require as of the due date will be graded, without exception. If you are working in a group for Excel #4-#5 (a group is mandatory for Excel #3), make sure that someone in the group actually sends the file to your instructor. If your instructor does not receive this group assignment by the due date all members of the group will receive a zero. My instructor s name is: She/He requires my Excel assignments to be turned in: Comprehensive Budgeting Project (Excel Assignment #3): You are required to complete a group project on budgeting. Each group will consist of not less than two members. The process for selecting the group will be determined by your instructor. This assignment is NOT an INDIVIDUAL assignment it MUST be completed as a group. This is an open book project and cooperative learning within your group is encouraged. However, seeking answers from individuals outside your specific group is not allowed for this project. Check figures will be provided to help determine if you have an error. These check figures will be available on Your instructor cannot help you find the solution to the comprehensive budgeting problem. NOTE on Excel #3 You MUST use formulas AND links wherever possible in this assignment. If you do not use formulas and links wherever possible (and we WILL be checking) you WILL receive a ZERO on the assignment. Homework: There will be two types of on-line homework to complete. The due dates for each homework assignment are listed on the course calendar. (1) CONNECT Homework If you purchased a new textbook from the bookstore, access for this website is provided with your textbook. DO NOT LOSE THE ACCESS CARD THAT IS PACKAGED WITH YOUR TEXTBOOK. If you do not purchase a new textbook from the bookstore, you must purchase a Connect access code online. Instructions for purchasing an access code will be provided on the first day of class. Each ACCT 1020 instructor has a separate Connect site for his/her class and you must register AT YOUR INSTRUCTOR S SITE. Make sure you register at the correct site. To find your instructor s site, go to the Accounting 1020 website ( and click on your instructor s name. If you do not know your instructor s name, ASK! NOTE: Connect sites CHANGE EACH SEMESTER. DO NOT REGISTER AT A SITE THAT WAS USED A PREVIOUS QUARTER, AS IT IS NO LONGER VALID FOR THIS SEMESTER

6 If you are re-taking this class, you must RE-REGISTER for Connect this semester. The registration you used from a previous quarter CANNOT be used again for this semester. You will work more than 45 points of homework problems. Therefore, your grade will be equal to your total Homework points earned from the Connect website divided by the total points available times 45. Connect also has ungraded practice problems and practice exams set up for you to work as extra practice. You have unlimited attempts for the ungraded practice problems and practice exams and you are encouraged to use these problems to help you master the topics and to study for exams. These ungraded practice problems and practice exams do not affect your grade. If you have questions about the features of Connect or how to use Connect, please contact your instructor. (2) MoneyU Homework MoneyU is an on-line financial literacy education program at Your course fee paid for the access to this website. Your instructor will give a group access code for you to create an account on MoneyU s website. The instruction of how to do so will be provided later in class. This self-directed learning program will ask you to complete a 50-question pre-test to assess your financial knowledge prior to the course. You will then walk on the Path to Wealth board game to learn various essential financial topics, which helps you to sharpen your financial skills. Finally, you will be required to complete the post-test to measure the growth of your financial knowledge. In order to earn all 25 points for this homework, you will need to complete the post-test with a grade of at least 80%. If you receive between 70% and 79.9%, you will only receive 15 points. If you do not earn a grade higher than 70%, you will not receive any points for this homework. Attendance: Attendance is the scholarly obligation of every student. You are expected to attend class every day without exception. However, given the potential for a H1N1 (Swine Flu) outbreak, if you think you might be sick, stay home. Do not put others at risk. Consult your instructor for additional resources if you have the flu and cannot attend class. Due Dates: Due dates for all assignments are listed in the course calendar (distributed the first day of class; the course calendar may also be downloaded from the ACCT 1020 website). Late homework is not accepted under any circumstance, even in the event of an illness or university excused absence. Your course calendar provides several days between the assignment being assigned and due. You are responsible for keeping up with due dates. Academic Dishonesty: Academic dishonesty will not be tolerated in any aspect of the course and will result in a course grade of F. All matters of academic dishonesty, whether they be related to an exam or homework - 6 -

7 assignment will be forwarded to the OU University Judiciaries. Advice: a few points on an exam or homework assignment is nothing compared to having to explain an F to a future employer. Don t do it. Cell Phones/Smart Phones: All cell phones must be turned off during class. Students who are identified as texting, web surfing, or otherwise using their cell phones in class will be asked to leave and will receive a 5 point deduction on their final grade point total. Similarly, if your cell phone rings during class you will similarly be excused from class and have 5 points deducted from your final grade point total. If you need to have your cell phone on during class you must receive permission prior to class and all students will be informed of this situation. Having a cell phone visible during an exam will constitute academic dishonesty and will result in an automatic failing grade for the quarter. Other Matters: In the case of conflicts on class assignment due dates, tests, or other requirements of this class with observation of a religious holiday, intercollegiate sports, or other important events (as deemed appropriate by your instructor), you must notify the instructor a minimum of two weeks in advance so that alternate plans/arrangements may be made. Such advance arrangements will ensure that you are afforded equal opportunity and treatment with your fellow students. Every reasonable attempt will be made to remove any physical barrier that may hamper the ability of an individual to learn in this classroom. Anyone who has a physical or learning limitation that would impact attendance, preparation, participation, or timely completion of assignments should feel welcome to discuss this limitation with instructor. The College of Business and its faculty are committed to helping meet your individual needs and to supporting your efforts for a quality education. You MUST register with the office of Institutional Equity and provide paperwork to the instructor no later than the second week of class. List of Accounting 1020 Instructors: COURSE COORDINATOR: Ting-Ting Lin, 332 Copeland Hall, lint@ohio.edu Bagwell, Jennifer Copeland 632, bagwell@ohio.edu Gist, Willie Copeland 409 C, gist@ohio.edu Hire, Tanya (Chillicothe) 107 Tech Building, , biblert@ohio.edu Hoshower, Leon Copeland 409 D, hoshower@ohio.edu Kirch, Christine Copeland 632, kirchc@ohio.edu Lin, Ting-Ting, Copeland 332, , lint@ohio.edu Peng, Grace (Zanesville) Gpeng@zanestate.edu Sarikas, Zeke Copeland , sarikas@ohio.edu Schor, Michael (Eastern) Shannon Hall, Eastern Campus Schor@ohio.edu Senteney, Dave Copeland 510, senteney@ohio.edu Stock, Toby Copeland 526, stockt@ohio.edu Yost, Christine Copeland 540, yostc@ohio.edu - 7 -