Course Information Sheet Monterey Peninsula College
Bus 1B, Managerial Accounting Thursday Night Class Spring 2012 Instructor: Jon Mikkelsen
Contacts:
Instructor: Jon Mikkelsen – Phone: 646-4072, Email:, Office: BH 104C
Instructor website: www.mpcfaculty.net/jon_mikkelsen
Text resources and homework site: www.pearsonmylab.com
Academic Support Center Phone: 646-4176
(“A” & almost “A” Busi1A students PLEASE sign up to tutor 1A!)
Textbook and Optional Materials:
Required: Text Book: Financial & Managerial Accounting, The Managerial Chapters with MyAccountingLab 3e, Horngren, et al. **MyAccountingLab access is required**
Internet access and Microsoft Excel or compatible software (available in computer labs and the library)
Either familiarity with the basic functions of MS Excel or willing to try, calculator
Student Learning Outcomes: Upon successful completion of this course students will be able to quantitatively analyze and select business strategies, plan for business performance, and evaluate internal business unit performance.
Goals:
Students will become familiar with the elements of managerial accounting, including: product costing, cost-volume-profit analysis, budgeting, variance analysis, and business segment management. Students will learn these concepts toward the goal of gaining a competitive advantage for your company.
Objectives:
Students will be able to:
1. differentiate between financial and managerial accounting, and identify the value of managerial accounting and the unique ethical responsibilities inherent in the field,
2. define and apply basic costing terms and systems,
3. create budgets, and calculate and interpret budget variances,
4. create business segment reports and make sound business decisions based on those reports,
5. make capital budgeting decisions by applying profitability analysis techniques,
6. prepare and deliver effective analysis to assist management in decision making,
7. utilize the Internet, accounting software, spreadsheets, and presentation software to complete assignments and present them to a small audience.
Evaluation:
200 / 1 mid term exam and one final (mandatory to achieve passing grade) exam (2x100 points=200 points) Both exams are required to earn a passing grade.100 / Business budgeting project (100 points) mandatory to achieve passing grade
50 / Pop quizzes and other surprises (up to 5x10 points = 50 points)
100 / Homework assignments
20 / Attendance and participation. -10 each absence, -3 each tardy. One freebie each.
470 / Total points
Grading:
90 – 100% = A, 80 – 89% = B, 70 – 79% = C, 60 – 69% = D, <60% = F
Prerequisite:
Business 1A must have been completed with a grade of “C” or better before taking this course. The two courses may not be taken concurrently under any circumstances.
Tests:
One mid-term exam and one final examination are administered for this class. Please clear your schedules on these exam dates, as both exams are required to earn a passing grade. Please see your instructor in advance of these test days if alternate arrangements need to be made for special accommodation. These exams will be given in-class in-person on paper. Tests are to be completed individually, without assistance.
Homework Assignments:
Each chapter has a homework assignment to be completed using online software accessible on the internet. The textbook homework assignments listed on the course schedule share the same content as the assignments online. The homework software changes the numbers for each student. Please make sure to rework each assignment on the online site to get the correct answers after you do the textbook work on paper. You are encouraged to ask questions and help each other understand the homework. Working on homework together is encouraged, but each student needs to do their own work. Large scale sharing of answers becomes plagiarism and is not acceptable.
Extra Credit:
There is no scheduled extra credit for this class. There is an abundance of study material available, and your time and effort will most effectively improve your score by studying and practicing before exams.
Policies
Dropping:
Students who do not attend the first day of class on time may be dropped from the class by the instructor. Other students may be added to the class at that time, so the spot may no longer be available. Students may be dropped from the class roster during the semester due to insufficient class activity as determined by the instructor. The final responsibility to drop is the responsibility of the student. If you feel lost or hopeless, please contact me so I can try to help look for ways to help you make the right decision.
Plagiarism and Cheating:
No breach to the honesty and integrity of the academic process is acceptable. The accounting profession cannot tolerate fraud so integrity needs to start here. Any student found to have plagiarized or otherwise cheated will automatically receive a zero grade on the entire series of related assignments, and could be subject to further action. Teamwork is encouraged on homework assignments and other projects. However, teamwork does not include copying from or giving multiple answers to others on these assignments. Tests are to be performed without assistance.
Etiquette:
Maintain integrity. Be polite. Be decent. Welcome alternative points of view. Start your work early, especially when in need of help or when others rely on your input. This class is a profanity and hostility free environment. Have patience and work towards positive outcomes.
Credit/No Credit:
This grading option is facilitated through the Admissions and Records Office. Please contact the Admissions and Records Office for appropriate deadlines and other information.
Student Supportive Services:
Students with special needs are encouraged to contact Student Supportive Services for accommodations and a variety of available resources. Learn more about this here: http://www.mpc.edu/GotSuccess
Individual responsibility:
It is solely the student’s individual responsibility to meet all deadlines and requirements for this course. It is the student’s responsibility and right to ask for help and to proactively overcome any obstacles to successfully complete this course. Your initiative may be the most important factor in making this a successful class for you. Make sure we give you your money’s worth and tell us if we need to do something different to help you.
Date / Topic / Assignment content in lecture. Submit homework online / In-Class Projects(prep before)
Feb / 2 / Introduction & course overview
9 / Chapter 16, Managerial Acct. / E16-14, E16-16, E16-20, E16-21
Chapter 16, Managerial Acct. / P16-22A, P16-23A, P16-27A
16 / Chapter 17 Job Order Costing / S17-1, E17-16, E17-17, E17-18
Chapter 17 Job Order Costing / E17-22, E17-23, P17-25A / Airplane cost flow
Chapter 17A Process Costing / E17A-10
23 / Chapter 18 Activity Based Costing / S18-1, S18-4, E18-16,
Chapter 18 Activity Based Costing / P18-28A, P18-29A, P18-30A / ABC donut case
Mar / 1 / Chapter 19 Cost Behavior / S19-1, E19-12, E19-13
Chapter 19 CVP analysis / E19-14, E19-15, E19-19, E19-20
Chapter 19 CVP analysis / E19-21, P19-26A / Hotel fraud investigation
8 / Chapter 19A Variable Costing / S19A-1, S19A-2
Chapter 19A Variable Costing / P19A-5A / TP19-1 or Challenges
15 / Mid Term Exam
22 / Budgeting project team finalization and research day, meet in the library rooms 203/204
29 / Spring Recess
Apr / 5 / Chapter 20 Relevant Cost decision making / E20-10, E20-15, E20-18,
Chapter 20 Relevant Cost decision making / E20-20, P20-22A / Ethical Issue 20-1
Date / Topic / Assignment content in lecture. Submit homework online / In-Class Projects
(Prep before!)
12 / Chapter 21 Capital Investment / E21-14, E21-16, E21-17, E21-18 / Retirement planning
Chapter 21 Capital Investment / E21-21, P21-28A
Group Project Step 1 Due
19 / Chapter 22 Budgeting / E22-14, E22-15, E22-17, / Developing your budget framework
Chapter 22 Budgeting / P22-22A, P22-23A, P22-24A
26 / Chapter 22 Responsibility Centers / E22-20, E22-21
Chapter 23 Flexible Budgeting / S23-1, E23-15, E23-17 / Excel tips
May / 3 / Chapter 23 Standard Costs / S23-12, E23-19, E23-20 / Variance Analysis case
Chapter 23 Standard Costs / E23-22, Decision case 23-1 / Ethical Issues 23-1&23-2
10 / Budgeting project in-class work day / Bring all project work: progress check in class
17 / Chapter 24 Performance Evaluation & Balanced Scorecard / S24-1, S24-2, / Balance scorecard application case
Chapter 24 Performance Evaluation & Balanced Scorecard / P24-20A, P24-21 / Application case: Should I accept this project?
24 / Project presentations
Group Project due at beginning of the period. Late for class yields 10% deduction, same as a whole class late. Please come on time, even if you are not done.
Final exam topic review
31 / Final Exam (ch 20-24) / Thursday @ 6:00pm in our normal classroom.
Rev 01/25/12