Fall 2020 Course Syllabus
Course: ACCT-2302- Section: 71
Principles of Managerial Accounting II
|COVID 19 Information||The Lamar State College Port Arthur (LSCPA) Student Code of Conduct COVID 19 Policy requires students who have been exposed to COVID 19 or diagnosed with COVID 19 to report their condition on the COVID 19 Notification Form (available via a link on the Student Code of Conduct COVID19 webpage). This information will be provided to the Dean of Student Services. In addition, this policy requires all students to wear face coverings in compliance with the criteria included in the policy. For more information please refer to the COVID 19 link on the LSCPA website.|
|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|
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.
Communication skills: Students will demonstrate effective written, oral and visual communication.
Critical Thinking Skills: Students will engage in creative and/or innovative thinking, and/or inquiry, analysis, evaluation, synthesis of information, organizing concepts and constructing solutions.
Empirical and Quantitative Skills: Students will demonstrate applications of scientific and mathematical concepts.
Teamwork: Students will demonstrate the ability to work effectively with others to support a shared purpose or goal and consider different points of view.
Social Responsibility: Students will demonstrate intercultural competency and civic knowledge by engaging effectively in local, regional, national and/or global communities.
Personal Responsibility: Students will demonstrate the ability to connect choices, actions and consequences to ethical decision-making.
|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)
Textbook Purchasing Statement: A student attending Lamar State College Port Arthur is not under any obligation to purchase a textbook from the college-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer.
College Accounting, A Practical Approach plus MyAccounting Lab with Pearson, 14/E, by Jeffrey Slater, PEARSON, ISBN: 9780134833187
Week 1 Course Introduction, and Chapter 13 Accounting for Bad Debts
Week 2 Chapter 13: Accounting for Bad Debts
Week 3 Chapter 14: Notes Receivable and Payables
Week 4 Chapter 15: Accounting for Merchandise Inventory
Week 5 Chapter 16: Accounting for Property, Plant, Equipment
Week 6 Chapter 17: Partnership
Week 7 Chapter 18: Corporations: Organizations and Stock
Week 8 Chapter 19: Corporations: Stocks, Dividends, Earnings
Week 9 Chapter 20: Corporations and Bonds Payable
Week 10 Chapter 21: Statement of Cash Flows
Week 11 Chapter 22: Analyzing Financial Statements
Week 12 Chapter 23: The Voucher System
Week 13 Chapter 24: Departmental Accounting
Week 14 Chapter 25: Manufacturing Accounting
Week 15 Final
Week 1 Chapter 13: Exercises Set A; Problems Set A
Week 2 Chapter 13: Exercises Set A; Problems Set A
Week 3 Chapter 14: Exercises Set A; Problems Set A
Week 4 Chapter 15: Exercises Set A; Problems Set A
Week 5 Chapter 16: Exercises Set A; Problems Set A Midterm 1
Week 6 Chapter 17: Exercises Set A; Problems Set A
Week 7 Chapter 18: Exercises Set A; Problems Set A
Week 8 Chapter 19: Exercises Set A; Problems Set A
Week 9 Chapter 20: Exercises Set A; Problems Set A Midterm 2
Week 10 Chapter 21: Exercises Set A; Problems Set A
Week 11 Chapter 22: Exercises Set A; Problems Set A
Week 12 Chapter 23: Exercises Set A; Problems Set A
Week 13 Chapter 24: Exercises Set A; Problems Set A
Week 14 Chapter 25: Exercises Set A; Problems Set A
Week 15 Review and Comprehensive Final
|Final Exam Date||December 4, 2020 - 10:30 AM|
|Grading Scale||90 - 100=A 80 - 89=B 70 - 79=C 60 - 69=D Below 59 = F|
Midterm Tests 40% (2 tests*20%)
Final Exam 30%
Homework assignments will be given each week.
LATE WORK is highly discouraged and will incur a 25 point penalty for every day it is late. Due dates are given and enough time is given to complete all work. NO EXCEPTIONS.
Students are encouraged to sign in to the course website 2-3 times a week.
Failure to log in to the course website at least once a week will result in a 5-point penalty on the student's overall course grade for every week it happens.
Students are responsible for completing all assigned homework, including reading assignments, by the required due dates.
|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.|
|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 the Office for Disability Services Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241.|
|MyLSCPA||Be sure to check your campus E-mail and Course Homepage using MyLSCPA 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 MyLSCPA.|
|Other||I will not discuss your grades over the phone or by email. If you want to discuss your grades, you must come to the department in person.|
|HB 2504||This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.|