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ACC 102: Managerial Accounting

Course Description

This course addresses managerial accounting concepts, techniques, rules, and utilization. We analyze and interpret accounting data to get a deeper look at the firm's operations and determine what activities really drive profitability. With that data, we can generate operating plans that best utilize a businesses’ strengths and minimize its weaknesses. Topics include the different approaches to cost accounting, the value chain, cost/profit analysis, operational budgeting, performance measurement, and capital budgeting. (3 credits)

Prerequisite

  • ACC 101: Financial Accounting

Student Learning Outcomes (SLOs)

Students who successfully complete this course will be able to:

  1. Demonstrate an understanding of managerial accounting terminology and summarize the concepts they communicate.
  2. Describe and interpret the accounting impact of different business events.
  3. Demonstrate different cost approaches and identify the type of business that would most appropriately employ a particular one.
  4. Summarize performance evaluation methods.
  5. Describe the relationship between cost performance and organizational performance.
  6. Explain operating budgets.
  7. Compare investment opportunities.
  8. Interpret firm profitability ratios and describe their components.

General Education Outcomes (GEOs)

Please check the applicable GEOs for this course, if any, by outcomes at GEO Category Search, or by subject area at GEO Discipline Search.

Course Activities and Grading

AssignmentsWeight

Discussions (Weeks 1-15)

25%

CONNECT Homework Sets (Weeks 1-15)

35%

Midterm Exam (Week 6)

15%

Comprehensive Quizzes (Weeks 8 & 14)

10%

Final Exam (Week 15)

15%

Total

100%

Required Textbooks

Available through Charter Oak’s online bookstore

  • Williams, Jan, Sue Haka, Mark Bettner and Joseph Carcello. (2018). Financial & Managerial Accounting - eBook version with Connect Access for 18 months. 18th ed. McGraw-Hill Irwin. ISBN-13: 9781260006476

Note: This textbook is an eBook with Connect Access. Once students purchase Connect, there is an option through the Access code to then purchase a loose-leaf copy of the text, sent directly from McGraw-Hill for an additional cost of $60.00. This additional cost is not covered by financial aid vouchers. Standard shipping time is 5-7 days.

Course Schedule

WeekSLOsReadings and ExercisesAssignments

1

1,4,5

Topics: Introduction, Framework of Management Accounting & Corporate Governance
  • Readings:
    • Chapter 16
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment

2

1,2,3,5

Topics: Cost Accounting Systems, Job Order Costing & Activity Based Costing
  • Readings:
    • Chapter 17
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment
3

1,2,3,5

Topics: Process Costing, Physical Inventory Flow & Cost per Equivalent Unit
  • Readings:
    • Chapter 18
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment

4

1,2,3,5

Topics: The Value Chain, Activity Based Management, the Target Costing Process & Just in Time and Total Quality Management
  • Readings:
    • Chapter 19
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment

5

1,2,3,4,5

Topics: Cost-Volume Relationships, Economies of Scale, Cost Behavior & Operating Income
  • Readings:
    • Chapter 20
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment

6

1,2,3,4,5

Midterm Exam
  • Review:
    • Chapters 16-20
  • Review assigned chapters
  • Participate in the Discussions
  • Complete Midterm Exam

7

1,2,3,7

Topic: Incremental Analysis Using Relevant Costs
  • Readings:
    • Chapter 21
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment

8

1,2,3,5

Topic: Comprehensive Problem - The Gilster Company
  • Readings:
    • None
  • Participate in the Discussions
  • Complete Gilster Question Set in CONNECT
9
1,2,3,5
Topic: Responsibility Accounting
  • Readings:
    • Chapter 22
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment
10
1,2,4,6
Topics: Operational Budgeting
  • Readings:
    • Chapter 23
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment
11
1,2,3,5
Topic: Standard Costs Systems
  • Readings:
    • Chapter 24
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment
12
1,2,3,4,5
Topics: Performance Management, DuPont System, ROI & Balanced Scorecard
  • Readings:
    • Chapter 25
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment
13
1,2,7,8
Topic: Capital Budgeting
  • Readings:
    • Chapter 26
  • Read assigned chapter
  • Review the Lecture material
  • Participate in the Discussions
  • Take the Practice set of problems (not graded)
  • Complete week’s CONNECT homework assignment
14
1,5,6,7
Topics: Essay Question Set
  • Readings:
    • None
  • Participate in the Discussions
  • Participate in the Discussions
  • Complete Essay Question Set

15

1,2,3,4,5,6,7

Topic: Final Exam
  • Review:
    • Chapters 21-26
  • Review assigned chapters
  • Participate in the Discussions
  • Complete Final Exam

COSC Accessibility Statement

Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.

COSC Policies, Course Policies, Academic Support Services and Resources

Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies, and see also specific policies related to this course. See COSC Resources for information regarding available academic support services and resources.