Managerial Accounting - Accounting 1B

Spring Semester 2017

January 17th – May 25th

Managerial Accounting – Accounting 1B

Spring Semester, 2018

January 16th – May 17th

Saddleback College

Economic & Workforce Development and Business Sciences Division

SYLLABUS & INTRODUCTION

Final Exam Date May 17th from 7:00 PM to 9:00 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!

Instructor: Joseph E. Kibbe Term: Spring, 2018 Ticket #: 14675 Time: 7:00 PM – 9:15 PM Days: Tuesday/Thursday Location: BGS 245 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)

The study of the use and reporting of accounting data for managerial planning, cost control, and decision making purposes. Includes broad coverage of concepts, classifications, and behaviors of costs. Topics include cost systems, the analysis and use of cost information, cost-volume profit analysis, contribution margin, profit planning, standard costs, relevant costs and capital budgeting.

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. Explain the nature of capital expenditure decisions and apply and evaluate various methods used in making these decisions.

7. Identify the ethical implications inherent in managerial accounting and reporting and be able to apply strategies for addressing them.

8. 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.

9. Explain the purposes of budgeting; prepare a master budget and its component schedules and relate the budget to planning and control.

10. Explain the development and use of standard costs, prepare and interpret variance analysis reports and relate them to responsibility accounting and control.

11. 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.

12. Compare and contrast absorption costing and variable costing, prepare income statements using both methods, and reconcile the resulting net incomes.

13. 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.

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.)

Lectures, demonstrations problems, group discussions, and analysis of “real world” applications will comprise the format. You must be prepared to enter into discussions by reading text assignments and related articles in periodicals. Presentation of elementary financial accounting concepts from the current literature is strongly encouraged. I may supplement the text with articles from professional literature and various periodicals as they become available. Additional reading assignments will be posted online using Blackboard.

Texts: Financial & Managerial Accounting Saddleback College and IVC Custom “textbook Package”

ACCT 1A Financial Accounting & ACCT 1B Managerial Accounting (Wild 7e bundle)

Bundle ISBN: 978-1260308693

Bundle Contains: The bundle includes the Looseleaf Text - Wild, 7th edition Financial &

Managerial Accounting, Connect Plus code.

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” with the ISBN listed above is available through the Saddleback College Bookstore or its website listed below (Once you enter the website, click on “Text Books and Course Materials” which is just below the Saddleback College logo, then complete the drop down menus).

http://www.bkstr.com/saddlebackstore/home

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 7th Edition access code from Accounting 1A!

Once you have purchased the “textbook Package,” logon and follow the instructions at the link web address below to register. Once registered, you will also have access for your complimentary e-book and other study and research aids.

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”.

Connect Student Registration

student registration info

course

Managerial Accounting - 1B - 7th Edition - Spring, 2018 with LearnSmart

instructor

Joseph Kibbe

section

Spring, 2018

registration dates

01/01/18 - 05/17/18

how to register:

It's easy! Go to your section web address and click register now.

section web address :edit this address

http://connect.mheducation.com/class/j-kibbe-spring-2018

Web addresses cannot contain spaces. Use lowercase letters, numbers or special characters ( '-' and '_') only.

Having trouble registering? Get help here: http://bit.ly/StudentRegistration

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 14 thru 24 and Appendix B 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 nine 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 51.7% of a student’s grade in the course is based on exam points/scores. 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 #14675 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 #14675 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 other than devices containing materials relevant to the class in class.

Students may not record class lectures. TEXTING IS PROHIBITED DURING CLASS!

If you have a prohibited 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. The project will be conducted in class and

each student will prepare a written project review and analysis. 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

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

Appendix B – Time Value of Money

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 FOR DUE DATES

Generally, each exercise is worth 2 points and each Problem is worth 5 points.

CHAPTER EXERCISES PROBLEMS (A sets)

14 2, 8, 11, 12, 16, 17 2, 3 15 3, 7, 8, 9, 10, 12, 13 1 16 8, 9, 10, 11 1, 2, 5 17 4, 7, 9, 5 18 9, 11, 12, 14, 21, 22 4, 7 19 1, 2, 5, 9 1 20 6, 7, 8, 17, 18, 19 4 21 1, 4, 7, 15, 17 4 22 5, 18, 21, 22 3 23 1, 2, 4, 8, 12 1, 6 Appendix B 1, 3, 4, 6, 7, 9, 13, 16, 17 24 1, 3, 5, 8, 9 6

When you complete & submit the above online CONNECT homework assignments, they are automatically recorded in the CONNECT System. The best points scored for each assignment will be transferred to the Blackboard grade book.

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.

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.

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) …………………… 224 pts

Classroom Participation/Unannounced Assignments/Quizzes

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

Total 774 pts

POINT ALLOCATION & GRADING SCALE

Points Grade

774 – 697 (90% - 100%) = A

696 – 619 (80% - 89%) = B

618 – 542 (70% - 79%) = C

541 – 464 (60% - 69%) = D

0 – 463 ( 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 4 points per

chapter so there are 44 extra credit points (11 chapters x 4 points each). There are also 4 extra credit

points for the Appendix B. These are located on the CONNECT website.

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) for a total of 11 extra credit points.

Total extra credit is 59 points (48+11).

Bonus Points – Exam Review Sessions – First place team 5 points, second place team 4 points, 3rd

place team 3 points, 4th place or lower teams 2 points.

Total possible bonus points is 20 points (5 points times 4 review sessions).

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. 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.

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, 2018

Saddleback College Instructor: Joe Kibbe

Managerial Accounting (1B) Section #14675 TTH 7:00 AM – 9:15 PM

Date Day Topics/Exams

Jan 16 T Introduction and Chapter 14

Jan 18 TH Chapter 14

Jan 23 T Chapter 15

Jan 25 TH Chapter 15

Jan 30 T Chapter 16

Feb 1 TH Chapter 16

Feb 6 T Exam Review

Feb 8 TH Exam #1 (Chapters 14-16) (HW Chapters 14 -16 Due 7:00 PM)

Feb 13 T Chapter 17

Feb 15 TH Chapter 17

Feb 20 T Chapter 18

Feb 22 TH Chapter 18

Feb 27 T Chapter 19

Mar 1 TH Chapter 19

Mar 6 T Exam Review

Mar 8 TH Exam #2 (Chapters 17-19) (HW Chapters 17-19 Due 7:00 PM)

Mar 13 T Chapter 20

Mar 15 TH Chapter 20

Mar 20 T SPRING BREAK

Mar 22 TH SPRING BREAK

Mar 27 T Chapter 21

Mar 29 TH Chapter 21

Apr 3 T Chapter 22

Apr 5 TH Chapter 22

Apr 10 T Exam Review

Apr 12 TH Exam #3 (Chapters 20-22) (HW Chapters 20-22 Due 7:00 PM)

Apr 17 T Chapter 23

Apr 19 TH Chapter 23

Apr 24 T Appendix B – Time Value of Money

Apr 26 TH Appendix B and Group Project

May 1 T Group Project

May 3 TH Chapter 24

May 8 T Chapter 24 Group Project Due 7:00 PM

May 10 TH No Class Possible Student Group Study Sessions

May 15 T Exam Review

May 17 TH Final Exam (Ch 23-24 and Appendix B) (HW 23-24 and Appendix B)