ACG2071

Introduction to Managerial Accounting

Course Code:
ACG 2071

Credit Hours:
3

Effective beginning:
2023-24

Sections:
001, 700

 

Course Description:
This is an introductory course in managerial accounting which emphasizes the use of accounting data with respect to planning operations, controlling activities and the decision making responsibilities of managers.

 

Course Details

Prerequisites:

A grade of “C” or better in ACG 2021 or consent of department.

 

Instructors:

Sherry Klanjac, CPA

 

Required textbooks/ course materials:

Financial and Managerial Accounting, 15th, Warren/Reeve/Duchac, Cengage Publishing, 2019. ISBN:9781337902663.

Cengage Unlimited:

  • 1-semester subscription: ISBN 9780357700006
  • 1-year subscription: ISBN 9780357700013
  • 2-year subscription: ISBN 9780357700020

 

Assignment/course outline:

See first-day handout.

 

Discipline-level learning outcomes:

Associates degree in Business Administration Learning Outcomes:

B-1 Demonstrate knowledge of the principles, practices and supervisory responsibilities of management, and ethical and legal issues in a business environment.

B-2 Apply general business workplace competencies, including employability skills and office computer skills.

B-3 Understand business concepts, such as accounting, HR, marketing and organization.

B-4 Communicate effectively in oral and written form, exhibit college level computation and problem-solving skills, and interact appropriately with people of other cultures or backgrounds.

 

Course-level learning outcomes:

Course-level Student Learning OutcomesDiscipline-level learning outcomesAssessment Methods

Synthesize the role of managerial accounting in a business and how it differs from financial accounting

B-1, B-3, B-4

 Homework, tests, quizzes
Formulate product cost in a manufacturing environment under a job order system

B-1, B-3, B-4

 Homework, tests, quizzes
Evaluate product cost in a manufacturing environment under a process cost system

B-1, B-3, B-4

 Homework, tests, quizzes

Synthesize cost behaviors:

  • Fixed cost
  • Variable cost
  • Mixed cost

B-1, B-3, B-4

 Homework, tests, quizzes
Contrast the differences in income when Absorption costing is used rather than Variable (direct) costing and explain why differences exist

B-1, B-3, B-4

 Homework, tests, quizzes
Evaluate the budgeting process in a Manufacturing process and the importance of the cash budget

B-1, B-3, B-4

 Homework, tests, quizzes
Propose the use of standard costing systems with price and quantity variances for: labor, materials, and overhead

B-1, B-3, B-4

 Homework, tests, quizzes
Evaluate Economic Order Quantity (EOC), Capital Budgeting, and the use of Ratio and Trend Analysis to interpret financial statements

B-1, B-3, B-4

 Homework, tests, quizzes

 

Means of accomplishing learning outcomes:

In Person

The instructor will:

  • Lecture and lead class discussions.
  • Assign readings from textbooks and/or other sources to supplement lectures.
  • Provide supplemental materials that align with the material presented in the textbook as appropriate.
  • Design assignments, quizzes, discussions, etc., to help students engage with the course material.
  • Use other teaching strategies to assist students in examining and understanding course materials as needed.
  • Provide timely feedback on assignments.
  • Hold weekly office hours to address questions and student needs outside of class time.

The students will:

  • Attend class regularly and be attentive to lectures.
  • Engage with class discussion.
  • Participate in student discussion groups.
  • Read assigned readings.
  • Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.

Online

The instructor will:

  • Lead class discussions.
  • Assign textbook and/or other readings.
  • Provide supplemental materials that align with the material presented in the textbook as appropriate.
  • Design assignments, quizzes, discussions, etc., to help students engage with the course material.
  • Use other teaching strategies to assist students in examining and understanding course materials as needed.
  • Provide timely feedback on assignments.
  • Hold weekly virtual office hours to address questions and student needs.

The students will:

  • Engage with the course regularly.
  • Engage with class discussions.
  • Participate in student discussion groups.
  • Read assigned readings.
  • Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.

 

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