Managerial Accounting - Accounting 1B

Spring Semester 2017

January 17th – May 25th

Saddleback College

Economic & Workforce Development and Business Sciences Division

SYLLABUS & INTRODUCTION

Final Exam Date May 25th from 7:15 PM to 9:15 PM

This syllabus is prepared and designed to be used as an introduction and orientation for this course. Your understanding of its contents is extremely important and therefore 100% your responsibility. If in doubt, ask early; not at the end of the semester! An index of section headings is on the last page to help you navigate this syllabus.

Instructor: Joseph E. Kibbe Term: Spring, 2017 Ticket #: 18055 Time: 7:00 PM – 9:15 PM Days: Tuesday/Thursday Location: BGS 253 Saddleback Campus Map Link: http://www.saddleback.edu/maps

Contact Instructor by:

E-mail: jkibbe@saddleback.edu Office Hours: May be scheduled upon e-mailed request.

COURSE DESCRIPTION Course Requirements/Prerequisites: ACCT 1A (Financial Accounting)

This course will cover managerial accounting basics, managerial cost concepts, the reporting of

manufacturing activities, job order cost accounting, job order cost flows and reports, the adjusting of

factory overhead, process cost accounting, the equivalent units of production method, the assignment

of overhead costs, the application of activity based costing, the assessment of activity based costing,

identifying cost behavior, measuring cost behavior, using break-even analysis, applying cost-volume-

profit analysis, variable costing, absorption costing, income performance reporting implications, the

budgeting process, master budgets, budget administration, the flexible budgetary process, flexible

budget reports, materials and labor standards, cost variances, and overhead standards and variances.

COURSE OBJECTIVES

Students participating in this class will learn to:

1. Identify and illustrate the primary activities and informational needs of managers and explain

the role of the managerial accountant as a member of the management team; compare and contrast

financial and managerial accounting

2. Define and illustrate various cost terms and concepts and evaluate their relevancy for different

decision-making purposes.

3. Distinguish between product and period costs; prepare and evaluate a Schedule of Cost of

Goods Manufactured, Schedule of Cost of Goods Sold, and Income Statement.

4. Prepare traditional and contribution margin income statements; define related terms; explain

cost-volume-profit analysis, degree of operating leverage and safety margin and employ each as an

analytical tool.

5. Describe the traditional types of product costing systems (including job order and process).

Illustrate the flow of costs in each, and prepare related accounting records and reports.

6. Discuss the impact of technology on the manufacturing environment and its implications for

product costs and the development of activity-based costing and management; prepare activity-

based cost reports.

7. Explain the purposes of budgeting; prepare a master budget and its component schedules and

relate the budget to planning and control.

8. Explain the development and use of standard costs, prepare and interpret variance analysis

reports and relate them to responsibility accounting and control.

9. Explain the nature of and need for segment reporting and the relationship with cost, revenue,

profit, and investment centers; prepare and analyze related segment reports.

10. Compare and contrast absorption costing and variable costing, prepare income statements

using both methods, and reconcile the resulting net incomes.

11. Define relevant costs and benefits, giving proper treatment to sunk costs, opportunity costs,

and unit costs; prepare analyses of special decisions; accept or reject a special order; outsource a

product or service; add or drop a service or product; and sell or process further a product.

12. Explain the nature of capital expenditure decisions and apply and evaluate various methods

used in making these decisions.

13. Identify the ethical implications inherent in managerial accounting and reporting and be able to

apply strategies for addressing them.

STUDENT LEARNING OUTCOMES Students completing this course satisfactorily will be able to:

1. Prepare a set of basic financial statements.

2. Calculate and analyze common ratios and numerical relationships that are produced through the

accounting cycle.

3. Demonstrate proficiency in processing the accounting cycle for a business.

4. Identify cost flow in a manufacturing environment.

5. Identify cost behavior in a business environment.

6. Determine breakeven points using breakeven analysis.

7. Present an oral presentation in the designated subject area.

REQUIRED STUDENT RESOURCES

(Textbook Package, Connect homework access code, etc.)

Financial & Managerial Accounting: Saddleback College and IVC Custom “textbook package”.

ACCT 1B: Spring 2016 Financial Accounting (Wild 5th edition bundle):

Bundle contents: The bundle includes the looseleaf Text - Wild, 5th edition Financial & Managerial

Accounting and Connect Plus codes (was also used in Financial Accounting 1A)

Please note that a special reduced/low price has been negotiated with the publishers for

Saddleback and Irvine Valley College students who purchase the “textbook package.”

The “textbook package” is available through the Saddleback College Bookstore or the website (for

website access, open the class schedule at www.saddleback.edu, search for this class and click on

“Book Info”.)

The “textbook package” is required for the class; nothing else is acceptable. Earlier or

previously purchased/used access codes will not work. Therefore, purchase only new

materials.

PLEASE PURCHASE THESE NEW TEXTBOOK MATERIALS IMMEDIATELY

if you don’t already have the 5th Edition access code from Accounting 1A!

REGISTERING FOR CONNECT

Logon to Blackboard and follow the instructions below to register. Once registered, you will also

have access for your complimentary e-book and other study/research aids.

• In Blackboard, click on the "Connect (Library-eBook)" tab in the left sidebar.

• Select the first link, “Go To my Connect Section.”

• You will be taken immediately to the Connect website.

You will be asked to provide an e-mail address. Please use your Saddleback or IVC e-mail address.

Do not use a personal address. You also will be asked to register using the 20-character CONNECT

code included with the “textbook package”.

McGraw-Hill Faculty and student tech support can be reached at 1-800-331-5094 or at:

http://mcgrawhillconnect.com/support.

POLICIES, PROCEDURES, TASKS, ASSIGNMENTS, PROJECTS, TESTING,

HOMEWORK, REQUIREMENTS, METHODOLOGIES, DUTIES & RESPONSIBILITIES

This course, Managerial Accounting - Accounting 1B, will cover chapters 13 thru 24 included in the

mandatory “textbook package” for the class. Required homework from these chapters that will be

covered during the semester is outlined on page seven of this document. In order to be aware of all

study lessons, homework assignments, exams, projects, and other coursework it is each student's

responsibility to attend class on a daily basis.

A high degree of motivation, desire, time and hard work will be expected: one’s success and hence

your grade in the class will reflect your overall effort. It is imperative that you plan to spend a

great deal of time outside of class mastering the material.

Students who travel or are away at any point during the term are still responsible for carrying out

and submitting homework assignments, completing exams, presentations, and projects at the time

required and within the scheduled completion time. NO EXCEPTIONS WILL BE MADE

CONCERNING THIS POLICY.

Questions on all exams consist mostly of objective multiple-choice problems; there may also be

financial statements to prepare, T/F questions, and short problems to solve. These will reflect the

material and work covered in class as well as various exercises and problems completed using

“CONNECT”. A student’s ability to understand and solve accounting/business related

problems/transactions will dictate one’s success on the exams. Students are responsible for the

content of all chapters and associated appendices.

To prevent identity fraud during exams, all students must be prepared to present a current government

issued or Saddleback College PHOTO ID to the professor or exam proctor. The photo must bear a

reasonable likeness to the student.

Once an exam has started, is in progress, or ended; no make-up exam will be permitted unless

students notify the instructor as to their non-attendance beforehand. Therefore, notification is

required before the exam starts in order to be allowed to take a make-up exam. Be advised,

approximately 53% of a student’s grade in the course is based on exam points/scores. There will be

a 5% grade reduction for each class day an exam is taken late. Regarding the final exam, there

will be NO make-up or opportunity to take the exam at a later than scheduled date.

The final exam will concentrate on chapters covered following the preceding chapter(s) exam. It is

important to understand there is no traditional mid-term or comprehensive final exam.

Anyone caught cheating, breaking the rules, or engaging in plagiarism will be DROPPED from the

class and/or subject to receiving a failing grade for the class. The accounting profession requires a

high degree of ethics and that degree of ethics will be expected of every student in the class.

Changes to the specific preparation and due dates for each study lesson, homework assignment,

exam, project and any other coursework are at the discretion of the instructor and may be announced

in the future, as the course progresses. You will be expected to read the chapter material and

complete all chapter assignments when required to do so. Non-completion of any or all homework

assignments, exams, projects or poor attendance will be sufficient grounds for being DROPPED

from the course. During the term please feel free to contact me with your inquires concerning;

subject matter, course content, lecture/discussion issues, or topic area questions in the class.

Students must use their Saddleback College e-mail address to send or receive mail for the class.

When e-mailing the instructor, include the words ACCT 1B TTH #18055 in the subject field in

addition to the actual subject. If you wish to use your personal e-mail address to receive messages

you must set up your Saddleback College e-mail to auto-forward to your personal e-mail. This can be

accomplished by the following steps:

1. Sign in to your e-mail account through: https://www1.socccd.cc.ca.us/portal

2. Click Options, then click Organize E-Mail, then click Inbox Rules

3. On the Inbox Rules tab, click New

4. Under When the message arrives, select Apply to all messages

5. Under Do the following, select Redirect the message to

6. Select the address you want your mail sent to by double-clicking on it in the address book view. If

the address you want to redirect to doesn't appear, you can enter the e-mail address in the To field

7. Click OK to save your selections and return to the new rule window

8. Click Save to save your rule and return to the Inbox Rules tab

Remember to include ACCT 1B TTH #18055 as part of the subject field of your e-mail when

corresponding with me. Do not hit reply to a Blackboard announcement e-mail or e-mail me directly

from within Blackboard because I don’t always receive those e-mails.

Everyone in the class is expected to understand and be proficient at using "MySite" and

“Blackboard.” All students should know their login/username and password before enrolling in this

course.

Every student must have his/her current name, phone number, and home address on file with the

Admissions and Records office; if not, immediately initiate the changes with Saddleback College

ASAP. Your instructor reserves the right to use all means of communication with those enrolled to

promote and accommodate the objectives of the course.

Free tutoring for students taking accounting courses is available through the Learning Resource

Center (LRC). Details will be announced during the first few weeks of the semester.

PROPER CLASSROOM ETIQUETTE

Class will begin promptly at 7:00 PM. As a courtesy to your classmates and me, please be on

time. Late arrivals can be very disruptive to everyone in the class. Strive to build good work

habits now, treating your academic time as your “job.” Do not come and go during class (there

will always be a break at approximately the halfway point). If you must leave early please inform

me at the beginning of that class.

Please DON’T TALK to others during the lecture. If you have a question, raise your hand.

Everyone benefits from questions asked by other students. I encourage interactive

communication during class, but insist that we do it in an orderly, non-disruptive manner that will

be beneficial to everyone. There will be times during the class when you will work in teams to

solve accounting problems.

You will not be allowed to use electronic devices such as computers, cell phones, iPods, iPads,

etc. during class or exams. Students may not record class lectures. TEXTING IS PROHIBITED

DURING CLASS!

There is a Zero Tolerance Policy regarding the use of ANY electronic device in class (especially

cell phones). If you have an electronic device out during class you will be asked to leave the

classroom with all your belongings and not return for the remainder of the class (you will be

marked absent for the entire class meeting).

The use of any wireless device as a calculator during an exam is strictly prohibited, as is sharing

of calculators. Please plan to purchase a simple calculator to bring to EVERY class meeting, as

we will use calculators extensively.

USING CONNECT TO DO HOMEWORK

CONNECT is the tool necessary to complete your online homework Exercises and Problems. It is

wise that the same login/username, password and college e-mail address used to access the

Blackboard site for this course be used for CONNECT. Homework will not be accepted in any

other form unless announced in class.

• IMPORTANT. When finished working on an assignment, to ensure that your grade is transferred

back to Blackboard, be sure to check Blackboard

• Note, while on THE CONNECT website, you can click on the “home” icon (little house in upper

left corner) to access other CONNECT resources, such as the eBook or student library.

• Remember to always SAVE your work.

EXERCISES & PROBLEMS using CONNECT

Exercises and Problems, from your textbook, are assigned as homework. For each chapter, complete

these assignments using CONNECT. These assignments along with the templates included in Course

Documents expose students to Excel spreadsheet applications as well as the entire accounting cycle.

ALL homework assignments and other work to prepare for this course will be found within this

document or on the CONNECT site including the list of homework assignments. CONNECT is the

online system used in completing the Exercises & Problems.

Before a particular assignment/exercise/problem due date the CONNECT homework questions are

re-workable until they are correct so make sure to utilize the CHECK MY WORK feature.

It is highly recommended that you print out your homework off the CONNECT website. Be sure to

take advantage of the GUIDED EXAMPLES feature that provides students with narrated, animated,

and step-by-step walkthroughs of algorithmic versions of assigned exercises. Additionally,

Interactive Presentations, in Connect, deliver chapter content through videos in a self paced

environment that is engaging and hands-on. Each chapter’s presentation runs between 45 and 90

minutes and is worth one extra credit point.

PROJECT

There will be a project that pertains to the analyzing of a company from one of the managerial

accounting perspectives/concepts covered in this course. Each student in the class will prepare a

written and oral presentation on his/her particular topic. Details will follow from the instructor.

STUDY GROUPS

I highly recommend you form a study group. Participation in a study group improves the learning

process as well as lends the opportunity to look at problems from different perspectives. In business,

many decisions are made after committees or teams analyze opportunities and recommend more than

one solution. Each solution has its own merits and risks. Studying in a group brings similar

discussions to the forefront of many of your accounting concepts and problems you will cover in this

course.

DISCUSSION BOARD (aka CAFÉ LOUNGE—Q&A)

The discussion board on Blackboard, which I have set up for students to interact with one another,

should be utilized for course and homework-related questions.

Chapters in the textbook/e-Book to be covered during the term

13. Analyzing Financial Statements

14. Managerial Accounting Concepts and Principles

15. Job Order Costing and Analysis

16. Process Costing and Analysis

17. Activity-Based Costing and Analysis

18. Cost Behavior and Cost Volume-Profit Analysis

19. Variable Costing and Performance Reporting

20. Master Budgets and Performance Planning

21. Flexible Budgets and Standard Costs

22. Performance Measurement and Responsibility Accounting

23. Relevant Costing for Managerial Decisions

24. Capital Budgeting and Investment Analysis

HOMEWORK Assignments using “CONNECT”

Exercises & Problems listed below are at the end of each chapter in the textbook

and also found as the questions in “CONNECT.” No homework extensions will be granted

under any circumstances.

REFER TO CONNECT SYSTEM and COURSE SCHEDULE FOR DUE DATES

CHAPTER EXERCISES (2 points each) PROBLEMS (5 points each)*

13 3,7,9 3,4

14 7, 8, 9, 12, 13 3, 7

15 5, 7, 11, 14 1, 3

16 4, 6, 8, 15 1, 3

17 6, 7, 11, 14 3

18 5, 7, 12, 18 4

19 1, 2, 8, 11 1, 5

20 1, 4, 6, 11 3, 5*

21 4, 5, 9, 10 1, 3

22 1, 4, 5, 8 2, 3

23 2, 3, 4, 6 2, 5

24 3, 4, 5, 6 2, 3

* Problem 20-5 is worth 15 points

It is essential that you save your homework as you go. It is not necessary to hit the submit button

since homework scores are automatically recorded on the due date. As stated previously, make sure

you utilize the “check my work” feature. If you leave fields blank, “check my work” will not mark

them wrong (in red); so pay attention to detail and complete the entire problem! You may want to hit

the submit button to confirm that you have received full credit for the homework before proceeding.

The various CONNECT homework questions are the same as the Exercises and Problems at the

conclusion of each chapter in the textbook. After you complete the homework assignments using

CONNECT, you have finished your homework requirement for the chapter. NO HOMEWORK

EXTENSIONS WILL BE GRANTED IN THIS COURSE.

Contact McGraw-Hill Tech Support at 1-800-331-5094 with technical problems or concerns

regarding CONNECT assignments, not me, when you have a problem. Obtain a case number and

request an e-mail confirmation and after doing so forward me the e-mail they send you with the case

number.

Important deadline dates and withdrawal information

See Saddleback College website at www.saddleback.edu.

IF YOU FAIL TO OFFICIALLY DROP and do not complete the course, YOU WILL

RECEIVE AN "F" ON YOUR TRANSCRIPT and PERMANENT RECORD

GRADING: POINT DISTRIBUTION CRITERIA

Chapter Examinations - Group Project - Homework Assignments - Participation

Chapter examinations, including final (4 exams x 100 points each) …………………. 400 pts

Group Project …………………………………………………………..…… 50 pts

Homework assignments using Connect (Exercises & Problems-all of these must

be completed by the assigned due dates) …………………… 216 pts

Classroom Participation/Unannounced Assignments/Quizzes

(must be present with textbook/no makeup opportunities) .............................................. 100 pts

Total 776 pts

POINT ALLOCATION & GRADING SCALE

Points Grade

698 – 776 (90% - 100%) = A

621 – 697 (80% - 89%) = B

525 – 620 (70% - 79%) = C

466 – 524 (60% - 69%) = D

0 – 465 ( 0% - 59%) = F

As indicated above, grading is based on a traditional 90, 80, 70, 60% scale, I do not grade on a

curve.

Scores and points for all CONNECT questions are accrued within the CONNECT website.

Therefore, students are responsible for knowing their own in-progress homework points during the

term/semester. Consequentially, students are required to record and maintain all their own exam,

homework, project and other coursework points/scores. It is the student’s responsibility to make sure

that his/her Blackboard grades agree with CONNECT.

Except for the Learn Smart© and Interactive Presentation assignments in CONNECT, there are NO

opportunities for extra credit in the class. My philosophy is straightforward; students should

devote their time, effort and energy completing the assignments required for the course.

Finally, as a reminder, it is each student's responsibility to attend every class session, to read every

chapter, to be aware of all material covered and subject matter presented, to complete all required

homework, to take all exams scheduled, and to participate in projects or other important coursework

assigned.

EXTRA CREDIT

Extra Credit – Learn Smart© is an adaptive, personalized learning program comprised of

modules that help students master core concepts. LearnSmart© assignments are worth 2 points per

chapter so there are 22 extra credit points (11 chapters x 2 points each). These are located on the

CONNECT website and take approximately 30 minutes to complete per chapter.

Extra Credit – Interactive Presentations—There are Integrated Lectures (IL) for each chapter

broken into short segments. Each segment has questions and/or activities. These are a great way to

prepare for lectures and review each chapter. Students may earn 1 point extra credit per chapter

(11 chapters x 1 point each).

Eligibility—Students with five or more absences will not be be eligible for extra credit. There are no

“excused” absences. Extra credit points will be deleted at the end of the semester for those students

who have too many absences. Arriving late or leaving early equates to ½ absence. Historically, there

is a direct correlation between attendance and the letter grade students receive in this course. Taking

a nametag tent for another student constitutes fraud and will result in a deduction of 200 points.

Leaving class early without notifying the professor in advance will also result in a 200 point

deduction.

Please retain this printed syllabus, bookmark it as an on-line page under favorites,

save it as a file, or if necessary, print another copy for your records. Remember, this

document discloses and explains everything you are responsible for in this course.

Your instructor reserves the right to change, modify, increase, or decrease

assignments at any point in time during this course for the remainder of the course

and adjust the final grading scale accordingly.

Your instructor reserves the right to change exam dates and times; any such changes

will be announced in class. Attendance is critical; students are responsible for all

announcements made in class.

COURSE SCHEDULE SPRING 2016

Saddleback College Instructor: Joe Kibbe

Managerial Accounting (1B) Section #18055 TTH 7:00 AM – 9:15 PM

Date Day Topics/Exams

Jan 17 T Introduction and Chapter 13

Jan 19 TH Chapter 13

Jan 24 T Chapter 14

Jan 26 TH Chapter 14

Jan 31 T Chapter 15

Feb 2 TH Chapter 15

Feb 7 T Exam Review

Feb 9 TH Exam #1 (Chapters 13-15) (HW Chapters 13-15 Due 7:00 PM)

Feb 14 T Chapter 16

Feb 16 TH Chapter 16

Feb 21 T Chapter 17

Feb 23 TH Chapter 17

Feb 28 T Chapter 18

Mar 2 TH Chapter 18

Mar 7 T Exam Review

Mar 9 TH Exam #2 (Chapters 16-18) (HW Chapters 16-18 Due 7:00 PM)

Mar 14 T Chapter 19

Mar 16 TH Chapter 19

Mar 21 T Spring Break

Mar 23 TH Spring Break

Mar 28 T Chapter 20

Mar 30 TH Chapter 20

Arp 4 T Chapter 21

Apr 6 TH Chapter 21

Apr 11 T Exam Review

Apr 13 TH Exam #3 (Chapters 19-21) (HW Chapters 19-21 Due 7:00 PM)

Apr 18 T Chapter 22

Apr 20 TH Chapter 22

Apr 25 T Chapter 23

Apr 27 TH Chapter 23

May 2 T Time Value of Money – Appendix B

May 4 TH Chapter 24

May 9 T Chapter 24

May 11 TH Exam Review

May 16 T Project Presentations (HW Chapters 22-24 Due 7:00 PM)

May 18 TH Project Presentations

May 23 T No Class - Finals Week

May 25 TH Final Exam (Chapters 22-24) Time 7:15 PM to 9:15 PM

Instructor reserves the right to change any dates as necessary.