MANAGERIAL ACCOUNTING

Required Text

Weygandt, J., Kimmel, P., & Kieso, D. (2014). Managerial Accounting: Tools for Business Decision Making, 7th
Edition. Hoboken, NJ: Wiley & Sons.
ISBN: 978-1-118-33433-1

Course Description
This course focuses on the identification, gathering, and interpretation of information for planning,
controlling, and evaluating the performance of a business. This course studies the measurement of the costs
of producing goods or services and how to analyze and control these costs. This course analyzes managerial
accounting principles and systems through both process and job order costing. Additional managerial
accounting topics include the following: cost behavior, cost-volume-profit analysis, budgeting and standard
cost systems, decentralized operations, and product pricing.

Course Objectives
Compare and contrast between managerial accounting and financial accounting and assess how managerial
accounting affects various management functions.
Discuss ethical standards in an organization and assess their role in the field of managerial accounting.
Define cost and distinguish between product costs and period costs.
Analyze the fundamental manufacturing cost categories and diagram the flow of product costs in a
manufacturing operation.
Describe job-order costing system and evaluate its suitability in manufacturing and nonmanufacturing firms.
Describe process costing and evaluate the suitability of process costing in manufacturing and
nonmanufacturing firms.
Compare and contrast traditional volume-based costing system and activity-based costing system.
Interpret cost behavior patterns to estimate costs and assess the need for contribution approach to income
statements.
Graph CVP relationships and compute the break-even point using the contribution-margin and equation
approach.
 Determine the criteria that decide the relevance of a cost or a benefit and explain the concepts of sunk costs,
opportunity costs, and unit costs.
Describe the key decision areas in capital budgeting and explain the concept of time value of money.
Describe the elements of a budgeting framework and assess the need for a budgeting framework in an
organization.
Describe the various ways to set performance standards and assess the role of performance standards in cost
management
Explain the role of responsibility accounting in achieving set goals and list the responsibility centers.
Identify the components of a statement of cash flows and show how changes in noncash balance sheet
accounts are represented on a statement of cash flows.

Tentative Schedule
Week Assignments
Read Chapter 1, pages 2-20 in textbook
Review Lecture 1 What is Managerial Accounting?
Review Slideshow Lecture 2 "Chapter 1"
Week 1 What is Managerial Accounting?
Complete Discussion "Managerial vs. Financial
Accounting"
Complete Assignment Applications Problems 1"
Read Chapter 2 Pages 46-65 in textbook
Review Lecture 1 Job Order Costing
Week 2 Job Order Costing Review Slideshow Lecture 2 "Chapter 2"
Complete Discussion Job Cost Sheet"
Complete Assignment Application Problems 2
Read Chapter 3 Pages 88-112 and Chapter 4 Pages 134-
156 in textbook
Review Lecture 1 Process Costing
Week 3 Process Costing & Activity-Based Review Lecture 2 Activity-Based Costing
Costing Review Slideshow Lecture 3 "Chapter 3"
Review Slideshow Lecture 4 "Chapter 4"
Complete Discussion "Operations vs. Process Costing"
Complete Assignment Application Problems 3
Read Chapter 5 Pages 182-202 and Chapter 6 Pages 222-
249 in textbook
Review Lecture 1 Cost Volume Profit
Review Lecture 2 CVP Additional Issues
Week 4 Cost Volume Profit & Additional
Review Slideshow Lecture 3 Chapter 5
Issues
Review Slideshow Lecture 4 Chapter 6
Complete Discussion Breakeven Point
Complete Assignment Application Problems Week 4
Complete Midterm
 Read Chapter 7 Pages 274-291 in textbook
Review Lecture 1 Incremental Analysis
Week 5 Incremental Analysis Review Slideshow Lecture 2 "Chapter 7"
Complete Discussion "Assets"
Complete Assignment Application Problems Week 5
Read Chapter 12 Pages 512-533 in textbook
Review Lecture 1 Planning for Capital Investments
Week 6 Planning for Capital Investments Review Slideshow Lecture 2 "Chapter 7"
Complete Discussion Time Value of Money
Complete Assignment Application Problems Week 6
Read Chapter 9 Pages 360-383, Chapter 10 Pages 410-
438 and Chapter 13 Pages 550-561 in textbook
Review Lecture 1 Budgetary Planning
Review Lecture 2 Budgetary Control & Responsibility
Week 7 Budgetary Planning, Budgetary Review Lecture 3 Statement of Cash Flows
Control & Statement of Cash Flows Review Slideshow Lecture 4 "Chapter 9"
Review Slideshow Lecture 5 "Chapter 10"
Review Slideshow Lecture 6 "Chapter 13"
Complete Discussion "Participative Budgeting"
Complete Assignment Application Problems Week 7
Review previous reading material, no new reading
assignment this week
Week 8 Reflection & Review Review Lecture 1 "Course Review"
Complete Discussion "Review and Reflect"
Complete Final Exam
Work must be submitted by 11:59 p.m. Central Time on the date due.

Expected Student Workload

Estimated Hours
Week Type of Activity Activity
Required

Readings/Lectures 3.7
1 Online
Discussions 3.0
 Assignments 0.0

Readings 0.7

Discussions 2.0
Preparation
Assignments 3.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required

Readings/Lectures 4.6

Online Discussions 3.0

Assignments 0.0

2 Readings 3.4

Discussions 2.0
Preparation
Assignments 3.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required

Readings/Lectures 8.2

Online Discussions 3.0

Assignments 0.0

3 Readings 1.7

Discussions 2.0
Preparation
Assignments 3.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required

4 Online Readings/Lectures 10.7

Assignments 0.0

Readings 1.7

Discussions 2.0
Preparation
Assignments 6.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required

Readings/Lectures 3.7

Online Discussions 3.0

Assignments 0.0

5 Readings 0.6

Discussions 2.0
Preparation
Assignments 3.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required

Readings/Lectures 4.4

Online Discussions 3.0

Assignments 0.0

6 Readings 0.8

Discussions 2.0
Preparation
Assignments 3.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required
 Readings/Lectures 16.1

Online Discussions 3.0

Assignments 0.0

7 Readings 2.3

Discussions 2.0
Preparation
Assignments 3.9

Clinical/Lab Hours 0.0

Estimated Hours
Week Type of Activity Activity
Required

Readings/Lectures 0.8

Online Discussions 3.0

Assignments 0.0

8 Readings 0.0

Discussions 2.0
Preparation
Assignments 3.0

Clinical/Lab Hours 0.0

Grading Policy
Assignment Percentage
Discussions 40%
Assignments 40%
Midterm 10%
Final 10%

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