|
|
HOLY CROSS COLLEGE |
|
|
|
|
Notre Dame, Indiana |
|
|
|
BUSINESS 202-1,2 (3 sem cr hr) |
(574) 239-8414 Office |
Brother James Leik, csc |
|
|
Intro. To Managerial Accounting |
E-mail: jleik@hcc-nd.edu |
SPRING 2005-06 |
|
|
(Principles of Accounting II) |
|
|
|
|
COURSE DESCRIPTION |
|||
|
The second semester emphasizes the role of accounting in decision making with the accent on managerial accounting. The following topics are covered: Cash flow, statement and analysis; Cost terms, Systems design including job-order and process costing, and Cost behavior analysis and use; Planning and control involving cost-volume-profit, variable costing, profit planning, standard costs/operating performance measures, flexible budgets/overhead analysis, segment reporting, profitability analysis; Use of cost data in decision making involving relevant costs (sunk costs, product lines, make or buy); Capital Budgeting decisions involving cash flows, investment projects with net present value analysis. |
|||
COURSE OBJECTIVES |
|||
|
Enable a student to become proficient in: Managerial Accounting with emphasis on Corporate Accounting in: Cash Flow Statements, Cost terms, Systems Design and Cost behavior involving job-order and process costing activity-based costing and quality management, and cost behavior analysis / use. Planning and Control using cost-volume-profit relationships, variable costing, profit planning, standard costs and operating performance measures, flexible budgets and overhead analysis. Using Cost Data in decision making involving relevant costs (sunk costs-product lines, make or buy) capital budgeting decisions using cash flow analysis, and investment projects with net present value analysis. A students’ proficiency of thecourse objectives is examined by utilizing hands-on type of testing with 4-5 hourly exams during the semester. The final exam is cumulative. |
|||
|
In addition to the above content objectives there are also transferable skill objectives. They are as follows: |
|
1. To generate accounting ideas and synthesize results. |
|
2. The student should be able to ask relevant accounting questions. |
|
3. The student should be able to distinguish among accounting fact, opinion and judgment. |
|
4. Collect and evaluate available accounting information from original corp statements, library and internet sources |
|
Utilizing current software programs. |
|
5. Develop skills of accounting ratio analysis resulting in an oral and written analysis report presentation using |
|
accounting data. |
|
6. To interact and cooperatively work with others. |
|
TEXTS: Managerial Accounting, Garrison, 11th edition, Irwin, McGraw-Hill 2006 |
|
|
|
Financial Accounting, Needles, 8ed., Houghton-Mifflin, 2004 |
|
TESTS: 5 major examinations plus occasional 5-minute quizzes unannounced. |
|
1 cumulative final examination. |
|
A student will be excused from the cumulative final examination if an "A" |
|
average (91 - 100) is maintained on all work prior to the final examination. |
|
OTHER: See attached Notes For Accounting Students for specifics involving: Grading scale, Semester grading mark composition, Cut policy, Office hours, and Homework/credit. |
|
COURSE SYLLABUS - Major Areas to be Covered (See attached daily calendar) |
|
The course syllabus parallels and covers the major areas as outlined in the Course Objectives above. |
|
|
|
Corporate Financial Statement Analysis skills are developed via a project Would you Buy the Stock of this Corp.? Why or Why Not. Corporate data from an annual report must be supplemented by other data obtained via the internet sites of the SEC-EDGAR data base as well as the Wall Street Journal. |
|
|
HOLY CROSS COLLEGE |
|
|
|
Notre Dame, Indiana |
|
|
NOTES FOR ACCOUNTING STUDENTS |
|
Brother James Leik, csc SPRING, 2005-06 |
GRADING SCALE
|
A = |
95 - 100 |
C+ = |
76 - 79 |
|
A- = |
91 - 94 |
C = |
72 - 75 |
|
B+ = |
87 - 90 |
C- = |
69 - 71 |
|
B = |
83 - 86 |
D = |
65 - 68 |
|
B- = |
80 - 82 |
F = |
64 |
|
SEMESTER GRADE |
|
|
|
COMPOSITION |
Exams (4-5) |
500 points |
|
|
Homework (approx) |
100 points |
|
|
(2 pts per “E” & “P” work) |
|
|
|
TOTAL |
600 POINTS (approx) |
|
|
|
|
|
|
Quizzes, Simul, Fin Anal Proj.= ?--announced later |
|
|
|
(Class participation may be used for borderline grades) |
|
|
|
Final Exam is cumulative |
|
|
FINAL EXAM WEIGHT |
*(34%) If final exam grade is GREATER than the average to date |
|
|
**(25%) If final exam grade is LESS than the average to date |
MAKE UP |
|
|
QUIZ |
No make up. Grade result of next quiz will be used for missed quiz |
|
EXAM |
Major exams are to be taken on the dates scheduled. A 5% gross grade reduction per each class day missed may be applied to the exam result when made up. Students are to contact the instructor immediately for make up arrangements. |
|
|
|
|
CUT POLICY |
There is a direct correlation between attendance and learning/mastery of accounting subject matter. Accounting is a 3 credit hour course and meets 3 times per week. Students are permitted 1 week of cuts which equals 3 cuts in Accounting Lates: 3 lates = 1 cut. (Late = 15 minutes) Mid-Semester and Final Course grade will be reduced after calculation by 2% per excess cuts over the 3 cuts permitted. Example: 1 week (3) cuts = 6% grade reduction (A- to B+) 2 week (6) cuts = 12% grade reduction (B+ to B-) 3 week (9) cyst = 18% grade reduction (B- to C+) |
|
|
|
|
OFFICE HOURS |
Room #V184, Regular Hours; 10:30 - 11:30am, M-W-F and other times by appointment. I am generally available daily (M-Fri) from 8 am – 4pm except during classes. |
|
|
|
|
PROBLEMS |
Problems are to be attempted and tried even though the answer may be incorrect. NOTE: FOR CREDIT, problems must be available on date due as scheduled. |
|
|
|
ACADEMIC HONESTY |
Please refer to the College policy on academic honesty contained in the Student Planner/handbook. Generally a student involved in dishonest work/assignment/test etc. shall received a grade of zero for the product involved. |
|
|
HOLY CROSS COLLEGE |
|
|
|
Notre Dame, Indiana |
|
|
BUSINESS 202 |
|
Brother James Leik, csc |
|
Prin of Acct II (Introd to Mang Acct) |
|
SPRING, 2005-06 |
|
TEXT: Managerial Accounting, Garrison, 11ed., Irwin, McGraw-Hill 2006 |
||
|
Text Web Site: www.mhhe.com/garrison Check Figures: pp xxxiv – xxxv |
||
|
Financial Accounting, Needles, 8ed. Houghton-Mifflin, 2004 |
||
DATE |
CHAP |
SUBJECT |
QUESTIONS |
EXER/PROB |
|
M. Jan 16 |
Chap 12 Chap 13 |
(Review Corp/Contrib Cap/Owners Equity R/E (Needles, Fin/Acct, 7ed.) |
Pref Stock/T Stock RE, Corp Inc Stmt |
12E-2,12E-11, 12P-3 12P-2, 12P-4 13SE-8, 13SE-6 |
|
W. Jan 18 |
Chap 1 |
Managerial Accounting/Business Environment |
1, 3, 4,5,7, 8, |
E1-2, P1-4 |
|
|
|
|
|
|
|
F. Jan 20 |
Chap 14 |
Needles: Cash Flow Statement |
1-3,5,7,8,9-11,14 |
Needles:E-1, E-2, E-3 |
|
M. Jan 23 |
Chap 14 |
Continued |
|
E-7, E-10, P-1, P-4start |
|
W. Jan 25 |
Chap 14 |
Continued |
|
P-4, + Worksht Handout? |
|
|
|
|
|
|
|
F. Jan 27 |
|
EXAMINATION – CORP, & CHAP 1, 14 |
SOME |
MOST |
|
M. Jan 30 |
Chap 2 |
Cost Terms, Concepts, Classifications |
1 – 3, 5, 7, 11, 13 |
E2-10, P2-14, P2-15 |
|
W. Feb 1 |
Chap 2 |
Continued |
|
P2-19, P2-24 |
|
|
|
|
|
|
|
F. Feb 3 |
Chap 3 |
Systems Design – Job Order Costing |
1,2,4,7,8,10,11,13, 16, 17 |
E3-3, E3-13 |
|
M. Feb 6 |
Chap 3 |
Continued |
|
P3-20, P3-21 |
|
W. Feb. 8 |
Chap 3 |
Continued |
|
P3-23, Try P3-22 |
|
|
|
|
|
|
|
F. Feb 10 |
Chap 4 |
Systems Design – Process Costing |
1, 5, 7, 9, 14, 16 |
E4-7,W-Ave,E4-12 FIFO |
|
M. Feb 13 |
Chap 4 |
Continued |
|
P4-19, Start P4-21 |
|
W. Feb 15 |
Chap 4 |
Continued FIFO discussion |
|
P4-21,E4-15FIFO?P4-22 |
|
|
|
|
|
|
|
F. Feb 17 |
|
EXAMINATION – CHAPTERS 2 - 3 - 4 |
SOME |
MOST |
|
M. Feb 20 |
Chap 5 |
Cost Behavior: Analysis and use |
1-4,7,10, 11, 14,15 |
E5-8, P5-23 |
|
W. Feb 22 |
Chap 5 |
Continued |
|
P5-13, Start P5-19 |
|
F. Feb 24 |
Chap 5 |
Continued |
|
Finish P5-19, P5-17 |
|
|
|
|
|
|
|
M. Feb 27 |
Chap 6 |
Cost-Volume-Profit Relationships |
1, 4-6, 9, 10, 12 |
E6-15, P6-18 graph |
|
W. Mar 1 |
Chap 6 |
Continued |
|
P6-20, P6-29 |
|
F. Mar 3 |
Chap 6 |
Continued |
|
P6-24 |
|
|
|
|
|
|
|
M. Mar 6 |
|
EXAMINATION - CHAPTERS 5 & 6 |
SOME |
MOST |
|
W. Mar 8 |
Chap 7 |
Variable Costing / Tool for Management |
1 – 3, 6, 7 |
E7-5, E7-7 |
|
|
|
|
|
|
|
F. Mar 10 |
Chap 7 |
Continued |
|
P7-11 |
|
11 - 19 |
|
MID-SEMESTER BREAK |
|
|
|
M. Mar 20 |
Chap 8 |
Activity-Based Costing (Tool To Aid Decisions) + Appendix 8A |
1 – 4, 7, 10, 11 |
S. Guide Ex8-1(abcdef) Ex8-2(abcde) Text Ex8-21 long |
|
W Mar 22 |
Chap 8 |
Continued |
|
TryP8-26, P8-29 |
|
|
|
|
|
|
|
F. Mar 24 |
Chap 9 |
Profit Planning (Budget) (Handouts) |
1, 3 – 5, 10, 11 |
E9-1, P9-14 (Cash) |
|
M. Mar 27 |
Chap 9 |
Continued |
|
P9-11, Start P9-15 |
|
|
|
|
|
|
|
W. Mar 29 |
Chap 9 |
Continued |
|
P9-15,P9-19?Long-Exam |
|
|
|
|
|
|
|
DATE |
CHAP |
SUBJECT |
QUESTIONS |
EXER/PROB |
|
F. Mar 31 |
Chap 10 |
Standard Costs & Operating Perform Measures |
1,5-7,10,15,18,21 |
E10-15 (good-handout) |
|
|
|
|
|
|
|
M. Apr 3 |
|
EXAMINATION - CHAPTERS 7 - 8 - 9 |
SOME |
MOST |
|
W. Apr 5 |
Chap 10 |
Continued |
|
P10-17, P10-18 |
|
F. Apr 7 |
Chap 10 |
Continued |
|
TryP10-19, P10-23? |
|
|
|
|
|
|
|
M. Apr 10 |
Chap 11 |
Flexible Budgets & Overhead Analysis |
1,2,5-7,9,13,16 |
E11-7,E11-12,StdP11-18 |
|
|
|
|
|
|
|
W. Apr 12 |
Chap 11 |
Continued |
|
P11-17Flx,StartP11-22 Flx |
|
14 - 17 |
|
EASTER |
|
|
|
W. Apr 19 |
Chap 11 |
Continued |
|
CompleteP11-22, P11-23 |
|
F. Apr 21 |
|
EXAMINATION - CHAPTERS 10 - 11 |
SOME |
MOST |
|
|
|
|
|
|
|
M. Apr 24 |
Chap 12 |
Segment Rpt & Decentralization (ROI) |
7, 10, 12 |
E12-13,ROI,E12-5, P12-20, ROI,+P12-23 |
|
|
|
|
|
|
|
W. Apr 26 |
Chap 13 |
Relevant Costs for Decision Making (Make or Buy) |
1, 2, 10, 12, 13 |
E13-1, E13-3 handout P13-16 |
|
|
|
|
|
|
|
F. Apr 28 |
Chap 14 |
Capital Budgeting Decisions (?) |
|
E14-4, E14-16, P14-19 P14-25 Handout |
|
M. May 1 |
|
Review or Reports (?) Buy Stock of Corp? |
|
|
|
W. May 3 |
|
Review |
|
|
|
F. May 5 |
|
Review |
|
|
|
May 8 - 11 |
|
FINAL EXAMS |
|
|
|
CLASS |
MEETS |
SCHEDULED FINAL EXAM |
|
|
|
|
|
BUS 202 – 1 |
M-W-F 9:30am |
(xxx) May. xx, 2006 x:xxpm - x:xxpm |