Master Syllabus: ACT 66911

TROYUNIVERSITY
MASTERSYLLABUS
SORRELLCOLLEGE OF BUSINESS

ACT 6691
Financial/Managerial Accounting for the Global Manager

TROY UNIVERSITY SCOB MISSION STATEMENT

The Sorrell College of Business (SCOB) prepares a diverse student body, drawn primarily from Alabama and surrounding states, to become successful, ethical and engaged business professionals with the knowledge to compete in the global business environment.

To achieve this our faculty, staff, and administration will:

Provide quality undergraduate and graduate education in global business through high-quality teaching;

Serve the university and engage with business and professional communities in our primary service area through individual involvement and our centers for research and outreach;

Grow and enhance the longstanding “culture of caring” for our traditional, nontraditional, military, and international students; and

Contribute to the creation of knowledge, with a focus on the scholarship of application and integration, and teaching and learning, complemented by basic and discovery scholarship in select disciplines.

TROY UNIVERSITY SCOB VISION STATEMENT

The Sorrell College of Business strives to be a renowned teaching-focused business college graduating GEEKS ready to succeed in business and life.

Prerequisites

The prerequisite for ACT6691 is graduate student standing; all undergraduate business prerequisite courses or equivalents completed.

Description

A study of sources and classifications of accounting data, classification and behavior of revenues and costs, use of accounting data for profit planning and cost control, and use of accounting data for special analysis.

This course has an exercise/assignment.

Purpose

To introduce the concepts of managerial accounting, explain the relationship between financial and managerial accounting,and introduce the use of accounting information for decision-making in organizations..

Required Activity

This course must contain a student engagement activity with the community that relates to course content. The activity may include guest speakers, site visits, projects for the community/industry, etc…

Objectives

On completion of the course, the student should be able to:

  1. Demonstrate an understanding of the contents and components of the balance sheet, income statement, and statement of cash flows and the relationships among these statements;
  2. Demonstrate an understanding of how business transactions affect financial statements;
  3. Demonstrate an understanding of the basic operating characteristics and cost terms used by business organizations; how to identify and classify cost behaviors; the basic concepts associated with cost measurement; and how cost behavior and measurement are used in decision making in organizations;
  4. Demonstrate an understanding of the nature of the management control process and the use of accounting information in that process;
  5. Demonstrate an understanding of how accounting information is used in strategic planning, budgeting, and evaluation;
  6. Analyze and interpret accounting information for use in making planning and control decisions within organizations;
  7. Apply problem solving, critical thinking, and communication skills that are necessary for communicating accounting information;
  8. Use financial and managerial accounting information by identifying accounting problem requirements, identifying relevant information needed for problem solving, and adapting knowledge to problem situations.

Approved Text

Datar, Rajan, and Horngren. (current edition) Managerial Accounting: Making Decisions and Motivating Performance, Pearson.

Supplemental Materials

Access code for MyAccountingLab (MAL) to accompany the textbook, Pearson.

Oral Presentation and Project

Each student will individually solve the Project assigned by the teacher and submit both the solution and a voice-over slide Presentation electronically which explains the student’s assumptions, solution, and implications for the company.

ACT 6691

Course Outline

Part IFinancial vs managerial accounting

Part IIChapter1The Manager and Management Accounting

Chapter 2An Introduction to Cost Terms and Purpose

Chapter 3Cost-Volume-Profit Analysis

Chapter 4Job Costing

Chapter 6Activity-Based Costing and Activity-Based Management

Chapter 7Pricing Decisions, Customer Profitability, and Cost Management

Chapter 8Determining How Costs Behave

Chapter 9Decision Making and Relevant Information

Chapter 10Quality, Inventory Management, and Time

Chapter 12Master Budget and Responsibility Accounting

Chapter 13Flexible Budgets, Cost Variances, and Management Control

Assessment in this course:

SLO 1.1 Students will prepare professionally-written information.

Measure: Written project using common rubric

SLO 1.2 Students will deliver effective oral presentations using appropriate technology

Measure: Voice-over side presentation project using common rubric

Troy University Faculty Handbook(2016): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):

  1. Course title
  2. Course number + section
  3. Term
  4. Instructor
  5. Prerequisites
  6. Office hours
  7. Class days, times
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  1. Classroom location
  2. Office location + e-mail address
  3. Office telephone
  4. Course description, objectives
  5. Text(s)
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  1. Other materials
  2. Grading methods, criterion weights, make-up policy, mid-term grade reports
  3. Procedure, course requirements
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  1. General supports (Computer Works, writing center)
  2. Daily assignments, holidays, add/drop & open dates, dead day, final exam
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  1. ADA statement
  2. Electronic device statement
  3. Additional services, statements
  4. Attendance/
    Absence policy
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  1. Incomplete work policy
  2. Cheating policy
  3. Specialization requirements (certification, licensure, teacher competencies)