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JOHN CABOT UNIVERSITY
COURSE CODE: "ACCT 202"
COURSE NAME: "Managerial Accounting"
SEMESTER & YEAR:
Summer Session I 2024
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SYLLABUS
INSTRUCTOR:
Keith William Donnelly
EMAIL: [email protected]
HOURS:
MTWTH 1:30 PM 3:20 PM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
Pre-requisite: ACCT 201
OFFICE HOURS:
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COURSE DESCRIPTION:
This course focuses on the role of accounting in the management process
and where accounting can provide critical support to management decision
making. Cost-volume relations are introduced, along with identification
of costs relevant to management decisions. Process costing and job
costing systems, the development of a master plan, preparation of
flexible budgets and responsibility accounting are covered, and the
influences of quantitative techniques on managerial accounting are
introduced.
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SUMMARY OF COURSE CONTENT:
This course focuses on the role of accounting in the management process
and where accounting can provide critical support to management decision
making. Cost-volume relations are introduced, along with identification
of costs relevant to management decisions. Process costing and job
costing systems, the development of a master plan, preparation of
flexible budgets and responsibility accounting are covered, and the
influences of quantitative techniques on managerial accounting are
introduced.
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LEARNING OUTCOMES:
1. To understand the role of managerial accounting within the organization.
2. To be able to differentiate between financial accounting and managerial accounting, including their primary user groups.
3. To understand the basic theoretical concepts behind managerial accounting.
4. To understand the limitations of managerial accounting information.
5. To understand how costs behave, to be able to analyze that behavior and to be able to make general predictions based upon that analysis, including CVP analysis.
6. To calculate differing product and/or service costs, given a variety of business environments.
7. To understand the budgeting process and the preparation of budgets - including pro-forma financial statements.
8. To be able to compute different types of variances, including material and labor variances, and use this information in evaluating performance.
9. To recognize those costs relevant to non-routine decision analysis.
10. To understand and prepare evaluations of basic long-term investment proposals (payback and net present value--capital budgeting).
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Managerial Accounting 17th Addition Connect Learning Platform | Garrison | McGraw Hill | 1260361624 | | The required materials is the Connect Learning Platform (should be $85). This comes with a digital version of the textbook for free. The material can be purchased here:
https://connect.mheducation.com/class/k-donnelly-managerial-accounting-summer-2023 | Ebook | | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Homework | | 20% |
| Exams | | 65% |
| Class Notes/Problems/Participation | | 10% |
| Essay | | 5% |
-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.
-ATTENDANCE REQUIREMENTS:
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
This course is offered in person, not online. Students must take all exams in person, at the campus, during class time. You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. The final exam period runs until ____________
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ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic
dishonesty will receive a failing grade on the work in which the dishonesty occurred.
In addition, acts of academic dishonesty, irrespective of the weight of the assignment,
may result in the student receiving a failing grade in the course. Instances of
academic dishonesty will be reported to the Dean of Academic Affairs. A student
who is reported twice for academic dishonesty is subject to summary dismissal from
the University. In such a case, the Academic Council will then make a recommendation
to the President, who will make the final decision.
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STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap.
Students with approved accommodations must inform their professors at the beginning
of the term. Please see the website for the complete policy.
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SCHEDULE
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Week 1 - Chapters 1 and 2
Week 2 - Chapters 3 and 4
Week 3 - Chapters 5 and 6/7
Week 4 - Chapters 11 and 13
Week 5 - Chapters 8 and 14
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