Oakton Community College / Leslie A. W. Van Wolvelear, Professor of Accounting
Course Syllabus – Fall 2016 / Office: / 3618 Des Plaines campus
ACC154-0Y1 / Email: /
Wednesday 11:00am to 12:40pm / Phone: / (847) 376-3175
Room 1603 Des Plaines / Home Page: /

I. Principles of Managerial Accounting

CourseCourseCourse
PrefixNumberNameCredit:Lecture:Lab:
ACC154Principles of 4 4 0
Managerial Accounting
II. Prerequisite:
Recommended: ACC 153 or concurrent enrollment in ACC 153.
III.Course (Catalog) Description:
Course presents accounting information used for internal business management. Focus is on planning, controlling and evaluating company performance. Content includes budgeting, job costing, product pricing, breakeven analysis, standard costing, and decision models. Projects will be completed in Microsoft Excel. Prior experience with Excel not required.
IV. Learning Objectives:
At the conclusion of this course, students will be able to:
  • identify the roles of management and how accounting can inform management in the decision making process
  • classify costs into categories, including product vs. period and then material, labor, or overhead for product costs
  • prepare statement of cost of goods manufactured, cost of goods sold, and income statement
  • analyze, interpret and complete job-order cost accounting cycles
  • identify purposes and methods of process costing cycles
  • construct, analyze, and interpret activity-based costing as a decision-making tool
  • construct, analyze and interpret cost-volume-profit relationships
  • analyze and interpret relevant costs and product decisions
  • formulate, interpret and complete a master budget
  • evaluate performance of business segments using ROI and residual methods
  • prepare a flexible budget, construct standard costs, and measure variances from standards
  • construct, analyze and interpret decisions using present value method utilize Microsoft Excel to prepare business models and aid in the decision making process.
V. Academic Integrity:
Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton’s Code of Academic Conduct. This code prohibits:
• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton’s policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook:
VI. Outline of Topics:
  1. Introduction to Managerial Accounting
  2. Building Blocks of Managerial Accounting
  3. Job Costing
  4. Introduction to Process Costing
  5. Activity Based Costing
  6. Cost Behavior
  7. Cost-Volume-Profit Analysis
  8. Relevant Costs for Short-Term Decisions
  9. The Master Budget
  10. Performance Evaluation
  11. Standard Costs and Variances
  12. Capital Investment Decisions and the Time Value of Money
This a general outline of the schedule of topics. This does not detail the due dates!
Class Session / Topic / Homework in MAL
8/24 / Getting Acquainted & Chapter 1 / S1-1, E1-12A, E1-13A, E1-14A, E1-17B, E1-19B
8/31 / Chapter 2 / S2-6, S2-9, S2-16, E2-24A, E2-25A, E2-27A, E2-30B, E2-36B
9/07 / Chapter 3 / E3-16A, E3-18A, E3-20A, E3-24A, E3-26A, E3-28A, E3-38B
9/14 / Excel lab / Meet in Computer Lab 1833 DP
9/21 / Chapter 4 / S4-4, S4-6, S4-9, E4-17A, E4-18A, E4-21A, E4-28B, E4-29B
9/28 / Examination 1
10/05 / Chapter 6 / S6-5, S6-18, E6-21A, E6-22A, E6-29A, E6-35A, E6-36A, E6-40B
10/12 / Chapter 7 / E7-17A, E7-18A, E7-19A, E7-21A, E7-22A, E7-26A, E7-29A, E7-36A, E7-37A
10/19 / Chapter 8 & lab / E8-17A, E8-21A, E8-25A, E8-29B, E8-35B, E8-38B, P8-46A
10/26 / Examination 2
11/02 / Chapter 9 / S9-10, E9-17A, E9-21A, E9-24A, E9-27A, E9-28A, E9-29A, E9-30A, E9-31A, E9-47B
11/09 / Master Budget Project excel lab / Meet in Computer Lab 1833 DP
11/16 / Chapter 10 / S10-12, E10-17A, E10-18A, E10-20A, E10-22A, E10-24A, E10-29B, E10-32B, E10-33B
11/23 / Chapter 11 / E11-16A, E11-17A, E11-18A, E11-19A, E11-20A, E11-21A, E11-22A, E11-26A, E11-35B
11/30 / Chapter 12 / E12-18A, E12-19A, E12-21A, E12-26A, E12-27A, E12-28A, E12-29A, E12-45B, E12-46B
12/07 / Chapter 12 excel lab / Meet in Computer Lab 1833 DP
12/14 / Examination 3
ACC154-0Y1 is a "hybrid" class that includes a combination of face-to-face classroom instruction and online learning via the Internet.
The Online course components consist ofDiscussion boards, Homework in MyAccountingLab, Quizzes in D2L, Excel project submitted in D2L, and e-mail communication with the instructor and classmates.
In class course components consist of various individual/group projects, excel labs, and examinations.
While students can generally choose when and where to complete online assignments, there are specific deadlines for the online assignment. In addition, students have set days and times for on-campus classes. By learning in both online and face-to-face environments, you can expect to interact with the course content, the instructor, and classmates in a variety of ways.
VII. Methods of Instruction:
General Information
  • The suggested schedule for the semester is detailed in the Outline of Topics on the previous page.
    See the Calendar tool in D2L for specific due dates.
  • The more you participate the more rewarding the class will be.
    Be Proactive, not reactive!
  • The Checklist tool in D2L details the weekly graded assignments for the course.
    There are also suggested weekly non-graded activities detailed.
Discussion Boards
There are 4 main discussion boards in the Discussions link:
  1. Welcome - this is only used during the first week of class
  2. General Course Questions - this is where you post all course related questions that are not chapter/content specific
  3. Chapter Questions - this is where you post chapter/content specific questions
Homework
  • You will be completing the homework assignmentsin MyAccountingLab. The homework assignment points count towards your final grade. You have unlimited attempts to complete the homework assignments.
  • The MAL homework assignments are dueby Wednesday at 10:45 amon the due date noted in the calendar.
  • The MAL homework assignments are accessible for 70% of the points after the due date as noted in the calendar up through the exam covering the chapter material. No make-ups are allowed after the exam due date.
  • The points earned in MyAccountingLab are manually updated in the D2L grades. I normally post grades within 48 hours following the due date.
Chapter Quizzes
The chapter quizzes assess your understanding of the theoretical concepts.
  • The chapter quizzes are dueby Wednesday at 10:45 am in D2L on the due date noted in the calendar.
  • Quizzes are not accessible after the due date as noted in the calendar. One (and only one) chapter quiz can be made-up per term.You must send me an e-mail in D2L to request a chapter quiz make-up. Also, the lowest quiz score is dropped when determining final grades.
  • You are allowed one attempt and 60 minutes to complete and submit each quiz. Each question is worth 0.50 points for a total of 10 points per quiz.
  • It is critical to your success to read the chapter in the textbook before attempting the chapter quizzes.
    I also encourage you to refer to the textbook and your notes when completing the quizzes.
  • Do not attempt the quiz until you are ready to answer all the questions and submit for a grade! The quizzes are graded by the software, so you should receive a grade immediately after submitting the quiz. You must select "Save" for every question or your answer will not be recorded.
  • After submission, you will only be able to view the questions answered incorrectly. A complete list of questions with a student response and the question answers will only be viewable after the due date.
  • There are Practice quizzes available for you as a supplemental activity. No points are awarded for submitting these quizzes.
Projects
The projects assess your ability to apply the concepts learned to problems. You will be completing the projects in Excel.
  • Theprojects are dueby Wednesday at 10:45 am inD2L on the due date noted in the calendar.
  • The projects must be completed in Excel and submitted in the D2L Dropbox.
  • Any projects completed after the due date without prior approval will be reduced by 20% of the maximum points.
Extra Credit
There are 2 ways to earn extra credit in this course:
  • Practice Examinations - You can earn up to 15 extra credits points by completing the three practice examinations in MyAccountingLab. Each practice examination is worth 5 extra credit points.
  • Quests - The chapter quests are an extra credit opportunity that are similar to the chapter quizzes. The chapter quests are accessible after you complete a chapter quiz and up through the exam covering the chapter material. No make-ups are allowed after the exam due date.You are not required to complete any quests.
Extra credit points possible:
Points earned / Extra Credit Points
7 - 7.5 / 0.5 point
8 - 8.5 / 1 point
9 - 9.5 / 1.5 points
10 / 2 points
11 chapters x 2 points each = 22 total extra credit points available
You are allowed 2 attempts for each quest. The extra credit earned will increase your quiz points up to a maximium of 100% or 100 total points. Your extra credit points earned for quests is shown in D2L Grades under Quizzes.
Badge designations - A badge is earned by completing the chapter quizzes or quests in the Quizzes/Exams tool in D2L. Your highest score earned on the chapter quiz or quest will count. The mastery percentage will determine your overall badge designation.
Badge levels based on total mastery:
Badge / Mastery
Staff Accountant / 70% - 79%
Accounting Manager / 80% - 89%
Chief Financial Officer / 90% or greater
Your badge designation at the top of Grades in D2L.
Examinations
  • There are 3 examinations during the term that are completed in class.
  • Any exam completed after the due date without prior approval will be reduced by 20% of the maximum points.
VIII. Course Practices Required:
Course may be taught as face-to-face, media-based, hybrid or online course.
You can successfully complete this course!!
Follow these guidelines:
  • Prior to class -Read the assigned chapters in the textbook - reading the chapters twice is even better
  • Prior to class -View the chapter lecture video under Content - Chapter Assignments in D2L and update the Student Handout Packet
  • Attend course class sessions and complete in class activities
  • Be prepared to start class promptly - in class assignments missed cannot be made up
  • Post general course and content/chapter questions in the appropriate Discussion board - I encourage everyone to respond to questions posted
  • Complete the assignments in MyAccountingLab
  • Complete each chapters’ quiz in D2L
  • Complete the Excel projects
  • Complete the 3 in class examinations
  • Completing all assignments on time is crucial to your learning and success!
  • Do not wait until the last day to complete the assignments - Be Proactive, Not Reactive!
  • If you find yourself struggling with the content, I recommend you:
  1. use the dynamic study modules in MyAccountingLab to assess your knowledge and review content material you still need to practice
  2. review the chapter resources in MyAccountingLab in the Multimedia Library
  3. attend on campus tutoring - the tutoring schedule is available in D2L under Content - Oakton Student Resources
  4. contact me so we can discuss your situation and try to find resources that best fit your learning style
Communication
The preferred method of communication for this course is to use the D2L E-mail. If D2L is inaccessible, then and only then are you to use my Oakton e-mail address. Ellucian GO mobile app, available through iTunes or the Google Play Store will allow you to connect to the mobile version of D2L.
I recommend you login and check your D2L e-mail often (at least 2 to 3 times per week) for updates and changes that may occur. I normally respond to e-mail communications within 24 hours.
IX. Instructional Materials:
We will be using two websites in this course:
Brightspace by D2L (D2L) is the course management system used by Oakton. D2L contains the syllabus, general course information, course e-mail, quizzes, surveys, discussion board, dropbox for projects, and grades. You can access D2L from your home through your Internet service provider.

MyAccountingLab (MAL) contains the e-book, homework assignments, and supplemental chapters resources.

You will access MAL from the homepage in D2L. The Pearson's MyAccountingLab link is located under the News item on the D2L homepage. Click on the MyAccountingLab Registration and Login link to begin the registration process.
You need the following three items for this course:
1. Student Handout Packet - This is available in the Oakton Bookstore only!
2. Textbook -The Oakton bookstore has a custom publication that includes a hard copy of the textbook with the MyAccountingLab access code for $112.60 with tax included.You are not required to purchase the hard copy of the textbook, however many students learn better with a hard copy textbook.

Managerial Accounting: 4th Edition
Braun/Tietz, Pearson, 2015
ISBN: 978-0-13-342837-7
Oakton Bookstore Bundle - Second Special Campus Edition ISBN: 978-1-269-74869-8
3. MyAccountingLab access code -If you prefer to purchase the MyAccountingLab access code directly online, you should purchase "MyAccountingLab plus Full eText". There is a temporary 14-day access option.
You can purchase the textbook with the MyAccountingLab access code bundle from the Oakton bookstore online at:

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.
X. Methods of Evaluating Student Progress:
Note: The total points are subject to change during the term
Evaluation will be based on: / Points / The grading scale will be:
In Class Assignments / 50 / A = 92% - 100% / 920 1,000 points
Quizzes / 100 / B = 82% - 91% / 820 - 919 points
MyAccountingLab Homework / 90 / C = 70% - 81% / 700 - 819 points
Projects / 160 / D = 60% - 69% / 600 - 699 points
Examination 1 / 200 / F = Below 59% / 0 - 599 points
Examination 2 / 200
Examination 3 / 200
Total Points / 1,000
Projects and Exams submitted after the deadline will be reduced by 20% of the maximum
XI. Other Course Information:
1. Attendance
Class requires student to take responsibility for obtaining instructional materials, completing course work, participating in discussions, and taking the examinations. Student should contact the instructor e-mail or class website regarding any problems meeting course requirements.
2. Code of Conduct
Refer to college catalog
3. Incomplete Grades
A student must have completed at least 60% of the required course work before an incomplete request will be considered. It is the student's responsibility to initiate requests for an incomplete and to follow through with the procedures to remove the Incomplete grade.
4. Tutoring
Tutoring is available through Instructional Support Services in Room 2400 at Des Plaines campus, and Room A-135 at Skokie Campus.
5. Access and Disability Resource Center
If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services.To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus.

All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.
Students who have a change of health status need to contact me as soon as possible. For accommodations specifically related to pregnancy or post-pregnancy-related parenting, contact me and consult the Title IX policy at
6. Withdrawal Date
The last day to withdraw and have course dropped from record is Sunday, September 18th at noon.
The last day to withdraw from course with a "W" is Sunday, October 23rd at noon.
7. Change class to Audit Status
The last day to change class to audit status is Monday, September 19th at noon.
8. Religious Holidays
Oakton Community College recognizes the broad diversity of religious beliefs of its constituencies. The college has embraced a practice of shared responsibility in the event a religious observance interferes with class work or assignments. Students who inform instructors in advance of an intended absence for a major religious observance will not be penalized. The instructor will make reasonable accommodation for students, which may include providing a make-up test, altering assignment dates, permitting a student to attend another section of the same coursefor a class period or similar remedies. Instructors are not responsible for teaching material again.
9. Honors
Honors information can be obtained from:
10. TRiO Student Support Services
TRiO Student Support Services information can be obtained from: