BUSI 562: Managerial Accounting – Columbia College: Adult

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BUSI 562: Managerial Accounting
August Session 11-M52
October 24  December 17, 2011
Course Description
       Examination of the strengths and limitations of an organization's accounting system in many
       different organizational settings. Discussions focus on the different roles of managers within
       organizations; the importance of cross-functional skills; being an integral part of the firm's
       organizational infrastructure; and analysis of the information generated by the accounting system for
       both planning and control decisions.
       Prerequisite: None
       Proctored Exams: None


Instructor Information
       Robin Kluesner, MBA, Business Administration, Washington University
       Email: rmkluesner@cougars.ccis.edu


Textbooks
  1.   Introduction to Managerial Accounting, 5th Edition, by Brewer, Garrison, Noreen; McGraw-Hill Irwin
       Publishing; ISBN 13: 978-0-07-739805-7. The textbook website is www.mhhe.com/brewer5e.
  2.   Access to CONNECT.
       Access to CONNECT is included with the purchase of new textbook from MBS. If you choose to
       purchase your textbook from another source, you may need to purchase access to CONNECT
       separately. Do not purchase used accesses to CONNECT; they are not valid.

       I will provide a link to my CONNECT Website in my Welcome Letter. Do not try to register for
       CONNECT prior to the first day. You must register for my Website only. Registration cannot be
       changed or reversed.

       Textbooks for the course may be ordered from Missouri Book Services. You can order
            online at http://direct.mbsbooks.com/columbia.htm (be sure to select Online Education
              rather than your home campus before selecting your class )
            by phone at 800-325-3252
       For additional information about the bookstore, visit http://www.mbsbooks.com.
       Please note that the use of an eBook carries certain risks: information may be missing due to
       copyright restrictions, the book cannot be resold to MBS, and an eBook purchase cannot be refunded.


Course Overview
       In this course, we will look at various aspects of management accounting, starting with basic terms
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      and moving into the role management accounting plays within an organization, how the systems are
      designed and how cost information is collected, organized, and used to make decisions. As we talk
      about costs, we will consider overhead costs and the behavior of various costs within an organization
      to begin to predict future costs and exercise control over them. Later, we will graduate into cost-
      volume-profit relationships and planning for profit using a Master Budget. Finally, we will analyze a
      variety of techniques used by managers to evaluate performance and make budgeting decisions.


Technology Requirements
      Participation in this course will require the basic technology for all online classes at Columbia
      College:
              A computer with reliable Internet access,
              a web browser,
              Acrobat Reader,
              Microsoft Office or another word processor and spreadsheet program such as Open Office.
      You can find more details about standard technical requirements for our courses on our site.
      You must have access to McGraw-Hill Connect per the textbook information above.


Course Objectives
      This course strives to meet the following objectives:
              To demonstrate oral, written, and analytical competency in the concepts of managerial
              accounting.
              To understand cost behavior, cost estimation, and cost allocation.
              To use accounting information to make pricing and product mix decision.
              To build and use budgets.
              To gain an awareness of management accounting in a changing environment.


Measurable Learning Outcomes
      By the end of this course, students should be able to:
              Explain the accountant's role in the organization.
              Explain the nature of costs.
              Estimate product costs using traditional and activity-based cost accounting.
              Conduct product planning decisions in a variety of organizations and environments.
              Prepare and use budgets to support the decision-making process.


Grading
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Grading Scale                                 Grade Weights

 GRADE    POINTS        PERCENT                 ASSIGNMENT                        POINTS      PERCENT
 A        558-620       90-100                  McGraw-Hill Connect (9)              90           14.5
 B        496-557       80-89                   Excel Problems (9)                   90           14.5
 C        434-495       70-79                   Online Discussions (8)               40            6.5
 F        000-433       0-69                    Exams (4)                           400           64.5
                                                TOTAL                               620           100

Assignment Overview
      HOMEWORK ASSIGNMENTS
      Homework assignments will consist of 10 exercises for each assigned chapter. These exercises will
      be completed using McGraw-Hill Connect, the online resource associated with your text. This is a
      program that allows you to work the end-of-chapter material online and submit it for immediate
      grading and feedback. The actual exercises you need to work are listed below and on the McGraw-
      Hill Connect website. Each assignment is worth a total of 10 points per chapter. You are allowed
      three attempts at each problem, and the highest score will be recorded in the grade book. The
      deadline for each assignment block is shown below. It is highly recommended that you work on
      the homework well ahead of the due date, so questions are addressed before assignments are due.

      Homework also includes one Excel problem per chapter. These problems must be uploaded to the
      Dropbox within D2L by the due date listed below for each week. ALL EXCEL HOMEWORK
      PROBLEMS MUST BE COMPLETED USING THE PUBLISHER'S SPREADSHEET TEMPLATES THAT
      CAN BE FOUND IN THE CONTENT AREA OF THE COURSE SITE OR THEY WILL NOT BE GRADED.
      Open up the template and do a File/Save As. Save your file using the problem number and your last
      name as the file name (e.g. "Prob 01-20_Smith").


      ONLINE DISCUSSION POSTINGS
      I will have a least two discussion threads established each week. One will be for your assigned and
      graded posting, as shown on the schedule below. There are 8 required discussion postings, one
      each week. Choose one of the listed questions to answer. For full credit, choose a question that
      requires substantive thought and analysis on your part. Do not choose a question that has already
      been answered by someone else. If you are repeating the course, you must select a different question
      than was answered in the previous session. Postings must be original to this session; do not copy
      verbatim from the textbook. Copying posts from prior sessions will result in a grade of zero. I do not
      particularly like the idea of "reserving" questions but I do see a need for it to a certain extent.
      Therefore, my policy will be that you can reserve a question for up to 24 hours. That gives you time
      to post the answer and not take the chance that someone else is posting it at the same time. I will not
      allow you do reserve one on Monday and then answer it days later as I do not feel that is fair to the
      other students. No late postings will be accepted without prior approval from the instructor.
      The other discussion thread available each week will be a thread to discuss any topic within a
      particular chapter. This is the equivalent of "raising your hand in class". You are welcomed and
      encouraged to use this forum to discuss any item within that particular chapter by asking a question
      or making a comment. I usually respond within 24 hours, but if you have something substantive to
      respond to another student's question, by all means, contribute to the discussion. Your comments
      here will not be graded.


      EXAMS
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      There will be four exams, one every two weeks. Exams are located in the Quizzes area of the course
      below the practice quizzes for all chapters. Due dates are listed on the schedule below. Exams will
      be available no later than Thursday at 5:00 pm before the Sunday due date. The first exam (which
      covers 3 chapters) will be 20 multiple choice questions from chapters 1 through 3. The remaining
      exams will also be 20 multiple choice questions covering the two chapters for that two week period.
      You can take the test at any time after it is posted, but once you begin, you have two hours to
      complete it. Under no circumstances can it be worked on or submitted after the due date,
      unless the instructor has approved a different time or date prior to the test deadline.
      Note on Exams: Collaboration with anyone (other students, colleagues, professors, your
      accountant, etc) is not permitted. The tests are of course, open-book, but the work is to be
      exclusively your own. Discussion of test material with anyone is not allowed. Roommates, spouses,
      colleagues and friends taking the same course should be particularly careful. See "Academic
      Honesty" section below
      Practice quizzes, with questions very similar in format and content to the actual exams are available
      for you to test your knowledge and become familiar with the exam layout.


Course Schedule
Week 1  Cost Terms and Concepts                                 Due: 11:55 pm CT Sunday

          Readings: Read Chapter 1: Managerial Accounting and Cost Concepts
          Online Graded Discussion Assignment #1:
          Answer one of the Discussion Questions at the end of Chapter 1 Page 58
          McGraw-Hill Connect: Chapter 1 Brief Exercises 1-1 through 1-8 and Exercises 1-9 and 1-12.
          Excel Problem: 01-16, Page 65
          Don't forget to try Sample Test Questions for Chapter 1

Week 2 Systems Designs                                          Due: 11:55 pm CT Sunday

          Readings: Read Chapters 2: Job Order Costing and Chapter 3: Activity-Based Costing
          Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
          Chapter 2 Page 108 or Chapter 3 Page 150 (just one from either chapter).
          McGraw-Hill Connect: Chapter 2 Brief Exercises 2-1 through 2-8, Exercises 2-10 and 2-15; and
          Chapter 3, Brief Exercises 3-1 through 3-5 and Exercises 3-6 through 3-9
          Excel Problems: 02-24, Page 118 and 03-16, Page 159
          Don't forget to try Sample Test Questions for Chapters 2 and 3
          Exam 1: Chapters 1 through 3

Week 3 Cost Behavior                                            Due: 11:55 pm CT Sunday

          Readings: Read Chapters 5: Cost Behavior: Analysis and Use and Appendix 5A: Variable Costing
          (Page 239)
          Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
          Chapter 5 Page 227-228 or page 248-249
          McGraw-Hill Connect: Chapter 5 Brief Exercises 5-1, 5-3, 5-4, Exercises 5-5, 5-7, 5-8 and 5-10
          Excel Problem: 05-16, Page 235
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Week 4 Cost-Volume-Profit                                   Due: 11:55 pm CT Sunday

         Readings: Read Chapter 6: Cost-Volume-Profit Relationships
         Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
         Chapter 6 Pages 290-291
         McGraw-Hill Connect: Chapter 6 Brief Exercises 6-1, 6-4 through 6-10
         Excel Problem: 06-19, Page 296
         Exam 2: Chapters 5 and 6

Week 5 Profit Planning                                      Due: 11:55 pm CT Sunday

         Readings: Read Chapter 7: Profit Planning
         Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
         Chapter 7 Page 339.
         McGraw-Hill Connect: Chapter 7 Brief Exercises 7-1 through 7-10.
         Excel Problem: 07-22, Page 350

Week 6 Standard Costs                                       Due: 11:55 pm CT Sunday

         Readings: Read Chapter 9: Standard Costs
         Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
         Chapter 9 Page 424.
         McGraw-Hill Connect: Chapter 9 Brief Exercises 9-1 through 9-4 and Exercises 9-5 through 9-
         10
         Excel Problem: 09-16, Page 430
         Exam 3: Chapters 7 and 9

Week 7 Relevant Costs                                       Due: 11:55 pm CT Sunday

         Readings: Read Chapter 11: Relevant Costs for Decision Making
         Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
         Chapter 11 Pages 533-534
         McGraw-Hill Connect: Chapter 11 Brief Exercises 11-1 through 11-5 and Exercises 11-6
         through 11-10
         Excel Problem: 11-19, Page 544

Week 8 Capital Budgeting                                    Due: 11:55 pm CT Sunday

         Readings: Read Chapter 12: Capital Budgeting Decisions
         Online Graded Discussion Assignment: Answer one of the Discussion Questions at the end of
         Chapter 12 Page 579
         McGraw-Hill Connect: Chapter 12 Brief Exercises 12-1 through 12-4 and Exercises 12-5
         through 12-10
         Excel Problem: 12-21, Page 588
         Exam 4: Chapters 11 and 12
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