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Fall 2018 Course Syllabus
Course: ACCT-2302- Section: 01 Principles of Managerial Accounting II |
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| Instructor Information | |||||||||
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| Instructor | Tamalla Jones | ||||||||
| greentd1@lamarpa.edu | |||||||||
| Phone | (409) 984-6424 | ||||||||
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| Course Information | |||||||||
| Description | This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation. | ||||||||
| Prerequisites | Successful Completion of ACCT 2301 | ||||||||
| Learning Outcomes |
Upon successful completion of this course, students will: 1. Identify the role and scope of financial and managerial accounting and the use of accounting information in the decision making process of mangers. 2. Define operational and capital budgeting, and explain its role in planning, control, and decision-making. 3. Prepare an operating budget, identify its major components, and explain the interrelationships among its various components. 4. Explain methods of performance evaluation. 5. Use appropriate financial information to make operational decisions. 6. Demonstrate use of accounting data in the areas of product costing, cost behavior, cost control, and operational and capital budgeting for management decisions. |
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| Core Objectives |
1. Understand accounting terminology and use correctly in accounting situations. (PSLO, ALPHA) Measured by pretest and post-test. 2. Demonstrate and apply knowledge of additional financial accounting concepts, procedures, and uses of managerial accounting. (PSLO 1, 3, ALPHA) Measured by embedded questions in tests, and quizzes. 3. Apply budgeting techniques. (PSLO 3) Measured by embedded questions in tests and quizzes. 4. Interpret cost and managerial accounting systems. (PSLO 1, 3) Measured by embedded questions in tests, quizzes, and homework. 5. Expand accounting principles reasoning skills and develop convincing accounting arguments. (PSLO 1, 2, 3) Measured by embedded questions in tests, quizzes, and homework. |
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| Program Student Learning Outcomes |
PSLO ALPHA: Reading skills - Demonstrates comprehension of content-area reading material. Identifies all main ideas, supporting details, and vocabulary in reading material; demonstrates a full understanding of the reading. Academic PSLO 1: Critical Thinking Skills - Uses creative thinking, innovation, inquiry and analysis, evaluation and synthesis of information. Creatively identifies problem, argument, or issue (to determine extent of information needed); differentiates the facts from opinions as relates to situation; constructs possible solutions or prediction or consequences; uses logical, sound reasoning to justify conclusion. PSLO 2: Communication Skills - Demonstrates effective development, interpretation and expression of ideas through written, oral and/or visual communication. Expresses a strong thesis; organizes information with effective transitions & sequencing of ideas; uses substantial, logical & specific development of ideas; details are relevant, original, credible and correctly documented when appropriate to show an effective development and interpretation of ideas; and presents ideas in appropriate mode of expression for the task. PSLO3: Empirical and Quantitative Skills - Applies the manipulation and/or analysis of numerical data or observable facts resulting in informed conclusions. Identifies mathematical or scientific principles needed to complete task; uses mathematical or scientific principles needed to complete task; analyzes how to use the principles; and applies problem-solving skills in mathematical or scientific principles needed to complete task with correct informed conclusions. Technical PSLO 1: Demonstrates legal and ethical behavior; interpersonal and teamwork skills; and appropriate written and verbal skills; define accounting terminology; list the functions of accounting; and record transactions in the basic accounting equation. PSLO 2: Utilize application software to perform accounting tasks; maintain records and prepare and analyze reports for a business entity; explain the components of general ledger software. PSLO 3: Compute income tax liability; prepare forms; research and report on various tax issues; identify signs of occupational fraud; and explain anti-fraud prevention methods. PSLO 4: Apply accounting concepts and budgeting techniques to analyze and interpret information; interpret costs and managerial accounting systems; recognize, solve, and apply accounting transactions using GAAP (Generally Accepted Accounting Principles) |
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| Textbooks | College Accounting, A Practical Approach plus MyAccounting Lab with Pearson e-Text—access Card Package, 13/E, by Jeffrey Slater, 13th edition, Prentice Hall, ISBN: 978-0-13-4077307. | ||||||||
| Lecture Topics Outline |
Week 1 Course Introduction, Syllabus Test, and Course Pretest Chapter 13: Accounting for Bad Debts Week 2 Chapter 14: Notes Receivable and Notes Payable Week 3 Chapter 15: Accounting for Merchandise Inventory Week 4 Chapter 16: Accounting for Property, Plant, Equipment, and Intangible Assets Week 5 Chapter 17: Partnership Week 6 Chapter 18: Corporations: Organizations and Stock Week 7 Chapter 19: Corporations: Stocks, Dividends, and Retained Earnings Week 8 Chapter 20: Corporations and Bonds Payable Week 9 Chapter 21: Statement of Cash Flows Week 10 Chapter 22: Analyzing Financial Statements Week 11 Chapter 23: The Voucher System Week 12 Chapter 24: Departmental Accounting Week 13 Chapter 25: Manufacturing Accounting Week 14 Chapter 25: Manufacturing Accounting Week 15 Final Exam |
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| Major Assignments Schedule |
Week 1 Course Introduction, Syllabus Test, and Course Pretest Chapter 13: Accounting for Bad Debts Week 2 Chapter 14: Notes Receivable and Notes Payable Week 3 Chapter 15: Accounting for Merchandise Inventory (Sunday Sep. 09, 2018 Test 1 Chapter 13-14) Week 4 Chapter 16: Accounting for Property, Plant, Equipment, and Intangible Assets Week 5 Chapter 17: Partnership Week 6 Chapter 18: Corporations: Organizations and Stock (Sunday Sept. 30, 2018 Test 2 Chapters 15-17) Week 7 Chapter 19: Corporations: Stocks, Dividends, and Retained Earnings Week 8 Chapter 20: Corporations and Bonds Payable Week 9 Chapter 21: Statement of Cash Flows (Sunday Oct. 21, 2018 Test 3 Chapters 18-20) Week 10 Chapter 22: Analyzing Financial Statements Week 11 Chapter 23: The Voucher System Week 12 Chapter 24: Departmental Accounting (Sunday Nov. 11, 2018 Test 4 Chapters 21-23) Week 13 Chapter 25: Manufacturing Accounting Week 14 Chapter 25: Manufacturing Accounting Week 15 Final Exam (Dec. 6, 2018 8-10:30) (Thursday Dec 6, 2018 Chapters 24-25) |
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| Final Exam Date | December 6, 2018 - 8:00 AM Through December 6, 2018 - 10:30 AM | ||||||||
| Grading Scale | 90 - 100=A 80 - 89=B 70 - 79=C 60 - 69=D Below 59 = F | ||||||||
| Determination of Final Grade |
Test 60% Quizzes 15% Final 25% |
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| Course Policies | |||||||||
| Instructor Policies | |||||||||
| Attendance Policy |
Poor attendance is a leading reason for termination from a job in all areas of employment. With this factor in mind, the instructor monitors student attendance daily. In addition, attendance on a regular basis is necessary for proper skill development. The instructor reserves the right to drop any student missing more than two weeks of class (six MWF classes, four TR classes, two weeks with no online class or lab participation). Quizzes may be given at the beginning of the class period. Students coming in to class late will not be allowed to take quizzes already turned in. A grade of zero will be recorded for the quiz. Tardiness is not acceptable. Frequent tardiness to class will result in a meeting between the student and instructor. Continued tardiness will result in a ten-point penalty on the student's final course grade. Assignments are due at the beginning of each class; student assignments coming in late will be assessed a penalty, even if the student arrives to class late and turns in work. Students are responsible for completing all assigned homework, including reading assignments, by the required due dates and for being prepared for each class meeting. This applies even if you were absent from the previous class meeting. |
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| Academic Honesty | Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSC-PA policies (Section IX, subsection A, in the Faculty Handbook) for consequences of academic dishonesty. | ||||||||
| Facility Policies |
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| Important Information | |||||||||
| ADA Considerations | The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Special Populations Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241. | ||||||||
| MyLamarPA | Be sure to check your campus E-mail and Course Homepage using MyLamarPA campus web portal (My.LamarPA.edu). When you've logged in, click the email icon in the upper right-hand corner to check email, or click on the "My Courses" tab to get to your Course Homepage. Click the link to your course and review the information presented. It is important that you check your email and Course Homepage regularly. You can also access your grades, transcripts, and determine who your academic advisor is by using MyLamarPA. | ||||||||
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| HB 2504 | This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504. | ||||||||