Acct 206 INTRODUCTION TO MANAGERIAL ACCOUNTING Fall 2014 Section 001 SYLLABUS

Transcription

1 Acct 206 INTRODUCTION TO MANAGERIAL ACCOUNTING Fall 2014 Section 001 SYLLABUS Instructor: Kathy Hurley Telephone: Office: MBEB Office Hours: Monday 1:30 3:00 pm nesday 10:30 11:45 am Or by appointment Class Time: WF 7:30-8:45 am Classroom: MBEB 1301 Skaggs Hall Lab Times: On designated s - See Class Schedule and Homework (last two pages of syllabus). 7:30 10:15 am MBEB 1301 (Skaggs Hall) 10:30 1:30 pm MBEB 4003 Required Texts and Materials: Introduction to Managerial Accounting, 6 th Ed., Brewer, Garrison, Noreen Managerial Accounting Case: High Mountain Coffee Company, 7th Ed., Ilett and Hurley 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 1.7. Legal environment of business 1.8.Management 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)

2 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. 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. 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, tutoring, review sessions, and providing assistance during our eight lab sessions. Specific tutoring hours will be posted. If you cannot meet during their designated hours, please them to arrange additional tutoring. Zack Gutches, zackgutches@u.boisestate.edu (Section 001 grader) Jess Bunn, jessikabunn@u.boisestate.edu (Section 002 grader) Stephanie Geschke, stephaniegeschke@u.boisestate.edu 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 Top Hat or the board outside of my office door for their hours. Communication: Top Hat: We will be using the Top Hat ( 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 for all communication and grade reporting rather than Blackboard. Each student should consult Top Hat and student daily for announcements. Top Hat will also send updates via text message. 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 invitation will also be sent to your account (if you don't receive this , you can register by visiting our course website: Acct206 Fall 2014, Section 001 page 2

3 Top Hat will require a subscription. There are two options to choose from: - $20 for 4 months of unlimited access - $38 for 5 years unlimited access Attendance: Attendance and participation in class are key components of learning and understanding managerial accounting material. Rather than taking attendance, 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 to receive in-class points. Lecture Slides, handouts, course updates: All lecture slides will be posted on Top Hat. Please print and bring a copy of the slides to the respective lecture. Additional handouts and supplemental homework assignments will also be posted to Top Hat for you to print and use. Quizzes: Twelve (12) quizzes will be given at random. Each quiz will be worth 5 points. The best way to study for quizzes is to read the chapter, complete the concept checks as you read, do your homework, and review class notes and lecture slides. We will use Top Hat for quizzes. Quizzes cannot be made-up; therefore, I drop your two lowest quiz scores when calculating your final grade. In-class problems/participation: We will work through basic problems during each lecture class. These problems will allow us to assess your understanding of new material during class. 5% of your final grade will be based on your participation in answering these problems. Lab Sessions: Eight s during the semester are dedicated to lab sessions (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 or MBEB 4003 (see times above). 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. Students may come to lab at any time during the session. However, attendance is required. Each lab takes approximately one hour to complete. Each task must be completed and graded before the student can leave the lab that day. Late lab tasks will not be accepted. If a student absolutely cannot be in the lab on a given day, they must contact their ULA in advance and complete the lab PRIOR to lab day. Please NOTE: 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 of the 20 points for Task 1. Homework and Assignments: Homework is assigned from each chapter. Students must complete all homework assignments in Excel. Handwritten work will not be accepted. Homework is due on the day it is discussed in class. Homework will NOT be accepted via or late. Acct206 Fall 2014, Section 001 page 3

4 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 completion grade. 2) Corrections noted (20%): Homework is gone over in class so that you can learn from your mistakes and note any corrections. Homework solutions will be posted on Top Hat 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. 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. 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 be put in your backpack during exams or they should be left at home. You will not need them on exam days and if visible disciplinary actions will be taken. 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, 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. ( 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 (10 extra credit if ALL completed on time) 100 Quizzes (drop two lowest grades) 50 In-class problems/participation 50 Total 1,000 Acct206 Fall 2014, Section 001 page 4

5 Grades will be posted to Top Hat 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: % A % A % B % B % B % C % C % C % D Less than 60% F Drop Policy: In accordance with University policy, the last day to drop this course is October 3, 2014 (September 8, 2014 is the last day to drop without a W). Please note: All classes are recorded in Lecture Capture. Acct206 Fall 2014, Section 001 page 5

6 Class Schedule and Homework Assignments ACCT INTRODUCTION TO MANAGERIAL ACCOUNTING Fall 2014 Section 001 Date Chapter Classroom Topic/Activity Homework Due on this Date 8/27 Orientation to class and labs PRINT and bring to class. 8/29 Prologue 1 LECTURE: Prologue and Ch 1 Managerial and Cost Concepts READ Prologue and Chapter 1 9/3 1 Review Ch. 1 Homework (HW1) COMPLETE: Exercise 1-2, 1-3; Problems 1-14A, 1-16A, 1-21A, 1-23A 9/5 Task One - Cost Classification ENTER data from Lab Handout and READ Task 1 PRIOR to attending lab. 9/10 2 LECTURE: Ch 2 Job-Costing READ Chapter 2 Suggested: PRINT Handout 8-1 9/12 Task Two - Job Cost Card READ Task 2 PRIOR to attending lab. 9/17 2 Review Ch. 2 Homework (HW2) COMPLETE: Exercises 2-5, 2-8, 2-12; Problems 2-18, 2-23A, 2-26A 9/19 3 LECTURE: Ch 3 Activity-based Costing (ABC) READ Chapter 3 9/24 3 Review Ch. 3 Homework (HW3) COMPLETE: Exercises 3-5, 3-10; Problems 3-12A, 3-14A, 3-15A, 3-18A 9/26 4 LECTURE: Ch 4 Process Costing READ Chapter 4 10/1 4 Review Ch. 4 Homework (HW4) COMPLETE: Exercise 4-6, 4-7, 4-11; Problem 4-13A, 4-14A 10/3 1,2,3,4 Catch-up day and Review for exam COMPLETE: Practice Exam 10/8 1,2,3,4 EXAMINATION #1 200 points FRI 10/10 8 LECTURE: Ch 8 Flexible Budgets, Standard Costs and Variance Analysis READ Chapter 8 COMPLETE Standard Costs & Variance Handout 10/15 8 Review Ch. 8 Homework (HW5) COMPLETE: Exercises 8-10, 8-13, 8-14, 8-24A; Handout /17 Task Three - Variances READ Task 3 PRIOR to attending lab. WARNING: Allow extra time. 10/22 1, 5 LECTURE: Ch 5, CH 1 (p.32-39) Cost-Volume Profit; Mixed Costs; Contribution Margin READ Chapter 5, Chapter 1 pages 32-39

7 Date Chapter Classroom Topic/Activity Homework Due on this Date 10/24 Tasks Four and Five - COGM Schedule and CVP Analysis READ Tasks 4 & 5 PRIOR to attending lab. 10/29 1, 5 Review Chapters 1 & 5 Homework (HW6) COMPLETE: Problem 1-19A (plus regression analysis); Exercise 5-10 (parts 1 & 2 only), 5-12; Problems 5-20A, 5-21A, 5-22A, 5-30A 10/31 11/5 1, 5, 8 7 EXAMINATION #2 150 points Review Exam LECTURE: Ch 7 Profit Planning READ Chapter 7 11/7 1/12 11/14 7 Task Six - Budgets Review Ch. 7 Homework (HW7) Task Seven - Cash Flow Forecast READ Task 6 PRIOR to attending lab. COMPLETE: Exercises 7-7, 7-10, 7-14; Problem 7-19A READ Task 7 PRIOR to attending lab. WARNING: Allow extra time. 11/19 9, 10 LECTURE: Ch 9 & 10 Performance Measurement and Differential Analysis READ Chapter 9 & 10, Review Chapter 1, pages /21 Tasks Eight & Nine - Performance and Diff. Analysis READ Tasks 8 & 9 PRIOR to attending lab. 12/3 NOVEMBER 24 TO 28 - NO SCHOOL - THANKSGIVING COMPLETE: Exercises 9-6, 9-7, 9-9; 9, 10 Review Chapters 9 & 10 Problem 9-15A; Exercises 10-11, 10-12, Homework (HW8) 10-13, 10-14, /5 12/10 12/12 12/ , 9,10,11 LECTURE: Ch 11 Profit Planning Review Ch. 11 Homework (HW9) Task Ten - Capital Budgeting FINAL - Examination #3 250 points READ Chapter 11 COMPLETE: Exercise 11-8; Problems 11-15A, 11-20A READ Task 10 PRIOR to attending lab. Section 001: 7:00-9:00 am Section 002: 9:30-11:30 am Acct206 Fall 2014, Section 001 page 7