ACC226 – Managerial Accounting

Required Texts

Duchac, J., Reeve, J., Warren, C., (2018). Managerial Accounting (14th ed.). Boston, MA, Cengage Learning

ISBN: 9781337270786

Course Description

This course is a continuation of Financial Accounting, shifting the focus from external reporting to internal needs of managers. Managerial accounting information helps managers accomplish three essential functions: planning, controlling and decisionmaking. The course provides students with an understanding of managerial accounting information to enable them to evaluate the usefulness of managerial accounting techniques in the real world. Topics include: managerial accounting terminology, budgeting, costing, break-even analysis and cost-volumeprofitability analysis. The methods of identifying and extracting relevant information from managerial accounting systems as an input to decision making and performance evaluation are stressed throughout the course.

Course Objectives

• Compare and contrast between managerial accounting and financial accounting.

• Assess how managerial accounting and ethics affects various management functions.

• Distinguish between product costs and period costs.

• Describe job-order and process costing accounting systems within a manufacturing environment.

• Integrate activity-based costing, cost -volume-profit analysis, variable costing, and budgeting to analysis efficiency and effectiveness.

• Examine variances, decentralized operations, differential analysis along with product pricing, lean manufacturing and capital investment analysis.

• Perform the proper calculations of various components of financial statements for utilization in the manufacturing environment.

Credit Hours: 3

Prerequisites: MA105

Testing

This is a proctored course. Distance Education Accrediting Commission (DEAC) requires validation “that the student who takes an assessment is the same person who enrolled in the program and that the examination results will reflect the student’s own knowledge and competence in accordance with stated learning outcomes.” (Retrieved February 23, 2021 from The DEAC Accreditation Handbook , page 92). Grantham University utilizes the services of ProctorU to meet this requirement.

Proctored Exam Information:

This course includes a proctored exam. You must register to take your exam using this link . You may register for and schedule your exam at any time after the course start date. To take the proctored exam you must:

• Have a webcam

• Provide valid picture ID to the proctor before the exam starts

• Use a computer that will allow a live proctor from ProctorU (a third party) to temporarily take control of your computer

• Test must be scheduled at least 72 hours prior to the time you plan on completing the exam or there will be a fee paid directly to ProctorU (credit card or debit card only)

• Take the exam in a room with no other people, distractions, or interferences

• Review these three links: ProctorU – Getting Started , ProctorU – How it Works , Exam Rules

*If you do not attempt the Proctored Exam, you will be unable to access assignments and exams for all weeks following the Proctored Exam, essentially resulting in a failing grade for the course. In order to unlock assignments and exams in future weeks, schedule and complete your Proctored Exam in a timely manner.*

Tentative Course Schedule

Course Week

Weekly Content

Week 1:

• Read Chapters 1-2 in textbook

• Review Chapters 1-2 PowerPoint Presentations

• Video Lectures – Chapters 1 -2 Review

• Video Lecture – Introduction to Managerial Accounting

Course Week	Weekly Content
	• Video Lecture – Job Order Costing Parts 1 & 2 • CNOW Preparation Materials • Discussion – Real World Managerial Accounting Example • Assignment 1 – CNOW Assignment 1 • Assignment 2 – CNOW Assignment 2
Week 2:	• Read Chapter 3-4 in textbook • Review Chapters 3-4 PowerPoint Presentations • Video Lectures – Chapters 3-4 Review • Video Lecture – Process Costing • Video Lecture – Activity Based Costing • CNOW Preparation Activity • Discussion – Overhead Costs in the Manufacturing Operation • Assignment 1 – CNOW Assignment 1 • Assignment 2 – CNOW Assignment 2
Week 3:	• Reach Chapters 5-6 in textbook • Review Chapters 5-6 PowerPoint Presentations • Video Lectures – Chapter 5 Review • Video Lecture – Cost-Volume-Profit • Video Lecture – Variabe Costing • Video Lecture – Absorption Costing • CNOW Preparation Activities • Discussion – Product Profitability • Assignment 1 – CNOW Assignment 1 • Assignment 2 – CNOW Assignment 2
Week 4:	• Read Chapters 7-8 in textbook • Review Chapters 7-8 PowerPoint Presentations • Video Lecture – Introduction to Budgeting • Video Lecture 2 – Managerial Accounting: Standard Costs and Variance • CNOW Preparation Activities • Discussion – Determining Benchmarks • Assignment – Week 4 Problem • Midterm Exam
Week 5:	• Read Chapters 9-10 in textbook • Review Chapters 9-10 PowerPoint Pesentations • Video Lecture 1 – Decentralization and Performance Evaluation • Video Lecture 2 – Using Differential Analysis to Make Decisions • CNOW Preparation Activities • Discussion – Decentralized Operations • Assignment 1 – CNOW Assignment 1 • Assignment 2 – CNOW Assignment 2
Week 6	• Read Chapters 11-12 in textbook • Review Chapters 11-12 PowerPoint Presentations • Video Lecture – Lean Accounting • CNOW Preparation Activities • Discussion – Lean Manufacturing and Customer Demand
Course Week	Weekly Content
	• Assignment 1 – CNOW Assignment 1 • Assignment 2 – CNOW Assignment 2
Week 7:	• Read Chapter 13 in textbook • Review Chapter 13 PowerPoint Presentation • Read The Ford-Firestone Case • Video Lecture 1 – Statement of Cash Flows • Video Lecture 2 – Statement of Cash Flows: Direct Method • CNOW Preparation Activities • Discussion - Cash Flow Banckrupcy Example • Assignment 1 – CNOW Assignment1 • Assignment 2 – Ethics Paper
Week 8:	• Read Chapter 14 in textbook • Review Chaper 14 PowerPoint Presentation • Video Lecture – Understanding the Financial Ratios • CNOW Preparation Activities • Discussion – Best Finaincial Ratios • Assignment 1 – CNOW Assignment 1 • Assignment 2 – Take it Further: Ethics in Action 14-1 • Final Exam

Grading Policy

Grading Category	Grade Weight
Discussions	20%
Assignments	50%
Midterm	15%
Final	15%

Estimated Student Workload

The following table outlines the academic effort required by students to become successful in this course. While the times in the table are hourly approximations, it is presented to help students with their time management. Please note, depending on the student’s background knowledge and experience of the course subject, and an individual student’s academic capabilities, these times will vary.

Course Week	Activity and Time Required
Week 1	• Reading/Watching: 5.0 • Discussion: 3.0 • Homework: 8.0 • Total Time Estimated: 16.0
Week 2	• Reading/Watching: 4.7 • Discussion: 3.0 • Homework: 8.0 • Total Time Estimated: 15.7
Week 3	• Reading/Watching: 4.8
Course Week	Activity and Time Required
	• Discussion: 3.0 • Homework: 8.0 • Total Time Estimated: 15.8
Week 4	• Reading/Watching: 4.7 • Discussion: 3.0 • Homework: 13.0 • Total Time Estimated: 20.7
Week 5	• Reading/Watching: 4.5 • Discussion: 3.0 • Homework: 8.0 • Total Time Estimated: 15.5
Week 6	• Reading/Watching: 4.5 • Discussion: 3.0 • Homework: 8.0 • Total Time Estimated: 15.5
Week 7	• Reading/Watching: 3.8 • Discussion: 3.0 • Homework: 10.0 • Total Time Estimated: 16.8
Week 8	• Reading/Watching: 3.9 • Discussion: 3.0 • Homework: 9.0 • Total Time Estimated: 15.9