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ACCT 202-04 – PRINCIPLES OF MANAGERIAL ACCOUNTINGSpring 2012

1:00 – 2:15, Frazier Hall (BUS) Room 118

Instructor: Ben Foster, Ph.D., CPA, CMA Telephone:  852-4826Office: Room 247, College of Business E-MAIL:  ben.foster@louisville.edu

Office Hours: TR 10:00-12:15 Other times by appointment.(I am in my office many other times and days.)

PREREQUISITES: SUCCESSFUL COMPLETION OF ACCT 201

REQUIRED:Textbook:  Managerial Accounting (Fourteenth Edition) by Garrison, Noreen, and Brewer 

(ISBN 978-0-07-759157-1 + Connect online access ISBN 0-07-759157-7) Connect sectionwebsite: http://connect.mcgraw-hill.com/class/b_foster_spring_2012_tr_100_pm

MATERIALS: PowerPoint slides, practice quizzes, and other student resources are available for theabove textbook at the following website: http://highered.mcgraw-

hill.com/sites/0078111005/student_view0/index.html. At the website, choose achapter to work on.

Course Description: This course focuses on cost information that managers need to makeinformed rational decisions to help meet the goals and objectives of an organization. The coursealso examines management accounting analyses and techniques necessary to make better management decisions.

Course Learning Objectives• A202-LO 1 Identify examples of how internal users use managerial accounting for decision

making. Compare and contrast to financial accounting.• A202-LO 2 Identify various cost classifications and be able to give examples of each: fixed,

variable, mixed; direct, indirect; materials, labor and factory overhead.• A202-LO 3 Compute inventory costs using job costing. Prepare the various entries for thecost flow.• A202-LO 4 Compute inventory costs using process costing. Prepare the various entries for the cost flow.• A202-LO 5 Compute CVP analysis applying the concepts to decision making examples.• A202-LO 6 Identify the importance and difficulties of budgeting to an organization.• A202-LO 7 Complete a master budget and its components for a service, merchandising or manufacturing company.• A202-LO 8 Compute standard variance analysis for materials and labor.• A202-LO 9 Interpret variances when comparing to budget, Identify the impact on

responsibility accounting and scorecards.• A202-LO 10 Analyze and compute managerial decision scenarios: make vs. buy, specialoffers, scrap vs. rework, sell or further process, sales mix and discontinued segments.• A202-LO 11 Compute and compare various capital budgeting techniques to make purchasedecisions: pay back, net present value, IRR, accounting rate of return. 

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Determination of Grade and Grade Scale

*Exam #1..........................................................................................................100 points*Exam #2............................................................................................................100 points*Exam #3............................................................................................................100 points*Exam #4............................................................................................................100 pointsHomework - online...............................................................................................64 pointsIn-class participation.............................................................................................18 points

In-class problems..................................................................................................18 pointsTOTAL POINTS.............................................................................................. 500 points*You may substitute your score on an optional all-multiple-choice comprehensive final for your lowest exam score.

Your grade will be computed as shown below:PERCENT POINTS100-97.9 500- 489.5 A+97.8-92.6 489.4 -463 A92.5-90 462.9-450 A-89.9-87.5 449.9-437.5 B+

87.4-82.6 437.4 -413 B82.5-80 412.9-400 B-79.9-77.5 399.9-387.5 C+77.4-72.6 387.4-363 C72.5-70 362.9 - 350 C-69.9-67.5 349.9 - 337.5 D+67.4-62.6 337.4 - 313 D62.5-60 312.9 - 300 D-Below 60 299.9 -0 F

ExamsExams may include multiple choice, problem, and short answer questions. Short answer questions must be answered in complete sentences, in proper English, and with correct spelling.The optional comprehensive final will contain only multiple choice questions. If your score ishigher on the comprehensive final than any previous exams, the final exam score will replace your lowest exam score.

I allow make-up exams only in extreme situations. For my approval, you must contact me before the scheduled time of the exam. I give make-up exams for all my classes on one day--tentatively scheduled for Friday, April 13. (Room and time determined later.)

Every recent survey of executives, CPAs, personnel managers, and employee recruiters indicate thathey want people with good communications skills and who can work with others. The surveys note

that communications and interpersonal skills are the skills that recent graduates lack the most.Consequently, the next item provides you with opportunities to improve these skills.

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In-class group work, online homework, and participation

We will discuss the concepts covered in the chapters and I will lecture on the more difficultareas in the chapters. The attached course outline lists discussion questions, exercises, and problems assigned from the textbook. I expect each student to have studied the assigned materialand attempted to work problems assigned from the text for each class before you come to class.(Working the problems and exercises is essential to understanding and learning the material.)Several Exercises and/or Problems (marked with ** on the schedule) must be completed

online in McGraw-Hill Connect before class for a grade. The online exercises and problemshave randomized numbers included so that each student will have a slightly different

assignment which will differ slightly from the textbook. Sixty-four total points are awardedfrom these graded homework assignments. 

Connect section website:http://connect.mcgraw-hill.com/class/b_foster_spring_2012_tr_100_pm

I encourage questions about the problems and exercises during class. We will also work additionalexercises in class.

(I will make solutions to problems available for you to access on my Blackboard siteafter we have finished covering the material for that chapter. Working extra problems is an

excellent way to study for the exams.)

Based on my perception during the semester, participation during class is 18 points of your overall grade. You must ask/answer questions during general class discussion to earn the full 18 participation points.

I will also administer 10 in-class problems (labeled ICP in the schedule) worth 2 points each(18 maximum for your course total). I will assign the in-class groups. The attached scheduleindicates the days on which an in-class problem is scheduled. In calculating your course total for ICPs, I will drop your lowest in-class problem score.

Changes to Class PoliciesThe above outline and procedures for grading in this course are subject to change in the event of extenuating circumstances, of which the students will be notified in writing.

Code of Student Rights and ResponsibilitiesThe University Code of Student Rights and Responsibilities establishes rights to which the student isentitled and the responsibilities which the student must assume. Seehttp://campuslife.louisville.edu/policies/studenthandbook/pages/studentrights.htmlAlong with preparing for and attending class, each student has the responsibility to promote highacademic standards. The College of Business will not tolerate academic dishonesty. The College of Business has a strong policy of academic discipline for action against students who commit academicdishonesty or conduct themselves inappropriately in the classroom. A proven case of academicdishonesty will normally result in the student being denied admission to or dismissed from the College of Business.

Academic dishonesty is defined by the Code of Student Conduct in the Undergraduate Catalog. Itsdefinition pertains to but is not limited to cheating, fabrication, falsification, multiple submission, plagiarism, and complicity. Students have the responsibility to maintain high standards of ethicalconduct, intellectual integrity and to be familiar with the definition of academic dishonesty.Inappropriate classroom behavior may result in the student being withdrawn from the classroom.

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Disability Assistance

The University of Louisville is committed to providing access to programs and services for qualifiedstudents with disabilities. If you are a student with a disability and require accommodation to participate and complete requirements for this class, notify me immediately and contact the DisabilityResource Center (Stevenson Hall, Room 119, 852-6938) for verification of eligibility anddetermination of specific accommodations.

WithdrawalsThe last day to withdrawal from this course without academic penalty is determined by theUniversity. The Standards and Admissions Committee adheres strictly to that date except in casesof extreme emergency. For spring 2012, the last day to withdrawal is March 1, 2012. I stronglyurge you to withdraw if you did poorly on the first two exams. I do not offer any extra creditopportunities. 

  BLACKBOARD: Y ou are responsible for checking BLACKBOARD on a periodic basis for class information and grades. All grades will be recorded on BLACKBOARD. Please do not ask the instructor to compute your grade since all of the information that you need to do this is on BLACKBOARD and the syllabus.

EMAIL: You may receive emails from the instructor over the term. Please check your schoolaccount. Only email addresses provided by the University will be used. If you choose to useanother email address, you must have your university email forwarded to that address. You areresponsible for all email messages sent to the class distribution list. Instructions on forwardingyour email can be found at http://delphi.louisville.edu/help/bbdocs/forwarding_netmail.pdf .

Classroom CourtesyThe class is disrupted when students arrive late, leave early, and engage in personal conversationsduring class. Such behavior will not be tolerated. Repeated offences will be grounds for dismissal from the class. If you believe that you have special circumstances that warrant an

exception to the late arrival/leaving early policy please see me prior to class or contact me byemail before or following the incident.

Cell phonesCell phones must be turned off or put on silent during class.

Eating and Drinking in the ClassroomThe only drink allowed in the classroom is bottled water or water in a clear container.

AdviceClass time is for clarifying facts, reinforcing skills, and expanding concepts introduced in thematerials. However, most learning takes place outside of the classroom. Do not get behind in this

class since catching up is extremely difficult. To achieve success in this course:

1. Read assigned materials prior to the class in which the topics will be covered.2. Attempt to solve homework problems on a timely basis.3. Attend class.4. After class, study your class notes, the assigned readings, and related homework 

 problems.Success in Learning

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Learning the material in any college class is the responsibility of the student. My goal is for everyone in the class to master the material. I will be happy if everyone earns an A. My job is tohelp you master the material and act as an impartial judge of the degree of learning you haveachieved. If you do not understand the material and do not ask questions to get clarification, youare responsible for your lack of understanding. You may choose not to read the material or not todo the homework, but you are responsible for the consequences of those choices.

People learn in different ways, at different speeds, and with different levels of effort. Each studentmust understand their own learning style and speed and put forth their required level of effort tomaster the material or skill. If you require 30 minutes to learn something your friend can learn in10, then you should budget 30 minutes while your friend should budget 10 minutes for study. Thisclass is structured for the typical student and the typical undergraduate class, with the expectationof 3 hours of work outside of class for each credit hour in class. Because this is a 3 hour class, youshould expect to average 9 hours a week outside class studying and preparing. My grading judgesthe results of your efforts, not your effort itself.

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COURSE OUTLINE

  DATE TOPIC ASSIGNMENTS DUE (Subject to Change)

Tuesday Jan 10 IntroductionChapter 1: ManagerialAccounting-An Overview+ Appendix

Ch 1 Dis Quest 1, 3, 4, 8, 10, 13, 15

Thursday Jan 12 Chapter 2: ManagerialAccounting and CostConcepts + Appendix 2A

Ch 2 Dis Quest 1, 3, 4, 5, 6, 9, 10, 12, 14, 15

Ch 2 Exercises 1, 2, 3, 4

Tuesday Jan 17 Chapter 2Chapter 3: Job Order Costing

Ch 2 Exercise 5**, 8** Problems 2-14 & 2-22

Ch 3 Dis Quest 1, 2, 3, 6, 9, 10, 13

Thursday Jan 19 Chapter 3 Ch 3 Exercises 1, 2, 3**, 6**, 18

Tuesday Jan 24 Chapter 3

Chapter 4: Process Costing +Appendix 4B (Step down

method)

Ch 3 Exercise 7** Problems 3-21, 3-22 ICP

Ch 4 Dis Quest 1, 2, 3, 5, 7

Thursday Jan 26 Chapter 4 Ch 4 Exercises 2**, 3**, 4, 5 & 4B-2

Tuesday Jan 31 Chapter 4 Ch 4 Exercise 7**, 9 & Problem 4B-2 ICP

Thursday Feb 2 EXAM #1 (Chapt 1-4)

Tuesday Feb 7 Chapter 5: Cost-Volume-Profit Relationships

Ch 5 Dis Quest 1, 2, 3, 5, 7, 8, 9

Ch 5 Exercise 4**, 5, 6(2)**

Thursday Feb 9 Chapter 5 Ch 5 Exercises 7(3&4), 10**, 16 & Problem 26ICP

Tuesday Feb 14 Chapter 6: Variable Costing

and Segment Reporting-toolsfor management That

Ch 6 Dis Quest 1, 2, 3, 5, 7, 9, 11, 14

Ch 6 Exercises 1, 2**, 3, 4, 9**

Thursday Feb 16 Chapter 6 Ch 6 Exer 7 & Probs 18** & 23 ICP

Tuesday Feb 21 EXAM #2 (Chapt 5-6)

Thursday Feb 23 Chapter 7: Activity-basedCosting -- A Tool to AidDecision-Making

Ch 7 Dis Quest 1, 2, 3, 5, 8, 9, 10

Ch 7 Exercises 2, 3**, 6**, 7

Tuesday Feb 28 Chapter 7 Ch 7 Exercises 8, 11, 12**Ch 7 Problem 17

Thursday Mar 1 Chapter 7

Chapter 8: Profit Planning

ICP

Ch 8 Dis Quest 2, 4, 5, 8, 9, 10 Exercise 1**LAST DAY TO WITHDRAW WITHOUTACADEMIC PENALTY

Tuesday Mar 6 Chapter 8 Ch 8 Exercises 2**, 3, 7, 11

Thursday Mar 8 Chapter 8 Ch 8 Problems 10**, 17, 20 ICP

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  DATE TOPIC ASSIGNMENTS DUE (Subject to Change)

Mar 12 - 18 SPRING BREAK 

Tuesday Mar 20 Chapter 10: StandardCosts and Variances

Ch 10 Dis Quest 1, 2, 4, 5, 7, 10, 12, 13

Ch 10 Exercises 1**, 4

Thursday Mar 22 Chapter 10 Ch 10 Exercises 5**, 6** & Problems 10, 14ICP

Tuesday Mar 27 EXAM #3 (Chapters 7, 8, and 10)

Thursday Mar 29 Chapter 11: PerformanceMeasurement inDecentralizedOrganizations +Appendix 11A

Ch 11 Dis Quest 1, 2, 3, 4, 5, 6, 9, 10

Ch 11 Exercises 1**, 2, 3

Tuesday Apr 3 Chapter 11 Ch 11 Exercises 5, 6, 7**, 11, 11A-1

Thursday Apr 5 Chapter 11

Chapter 12: DifferentialAnalysis-The Key toDecision-Making

Ch 11 Exercise 11A-2 Problem 14, 15** ICP

Ch 12 Dis Quest 2, 3, 6, 8, 9, 10, 12, 15

Tuesday Apr 10 Chapter 12 Ch 12 Exercises 2, 3**, 4**, 5, 6, 7

Thursday Apr 12 Chapter 12

Chapter 13: CapitalBudgeting Decisions

Ch 12 Exercise 10** Problem 24 ICP

Ch 13 Dis Quest 2, 4, 6, 10, 11, 14, 15

Tuesday Apr 17 Chapter 13 Ch 13 Exercises 1**, 2, 4, 5**, 6, 9

Thursday Apr 19Chapter 13 Ch 13 Exercise 11** Problems 16, 20 ICP

Tuesday Apr 24 Reading Day

Fri., April 27,2:30 - 4:00PM 

??? – 5:00 PM

EXAM #4 (Chapt 11-13)

Comprehensive Final

** Exercises and problems marked with ** must be completed online in McGraw-HillConnect before class for a grade. The online exercises and problems have randomized

numbers included so that each student will have a slightly different assignment which willdiffer slightly from the textbook. Sixty-four total points are awarded from these graded

homework assignments. Connect section website:http://connect.mcgraw-hill.com/class/b_foster_spring_2012_tr_100_pm

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