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ACCT 2302-70 & 71 Spring 2018

Principles of Managerial Accounting (Principles of Accounting II) Professor: David W Clark, MPA, CPA

Class Days/Times/Location or Other Format: Web-Based / On-line Class Office Location: Classroom Center (CC) 222J Office Hours (CST): Tue 8:00-11:00 & 2:00-3:00; Wed 2:00-3:00; Thurs 8:00-11:00 & 2:00-3:00 Office Phone: (806) 651-2996 Email: Please email me through the course email inside WT Class Social Media: Keep up with the latest happenings of your COB on Facebook and Twitter, connect with us on LinkedIn, and check out COB videos on YouTube.

Terms of Use A student's continued enrollment in this course signifies acknowledgment of and agreement with the statements, disclaimers, policies, and procedures outlined within this syllabus and elsewhere in the WTClass environment. This Syllabus is a dynamic document. Elements of the course structure (e.g., dates and topics covered, but not policies) may be changed at the discretion of the professor.

WTAMU College of Business Mission Statement The mission of the College of Business is to provide high quality undergraduate and graduate business education with a global perspective and ethical awareness. We accomplish this through emphasis on excellence in teaching, which is strengthened by faculty scholarship and supported by professional service. Learning Objectives of the WTAMU College of Business Programs The College of Business (COB) at West Texas A&M University (WTAMU) seeks to prepare students in the Bachelor of Business Administration (BBA), Master of Business Administration (MBA), Master of Professional Accounting (MPA), and the Master of Science, Finance and Economics (MSFE) degree programs for careers in business and to foster their professional growth and advancement via key learning goals and objectives.

The learning objectives of the College of Business are as follows:

Leadership

Communication

Critical Thinking

Business Integration

Core Business Knowledge

Global Business Environment

Business Ethics and Corporate Governance

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Course Description Principles of Managerial Accounting is designed to help give the student a strong foundation and a solid understanding of the basic accounting principles and procedures that are essential for success in the business world, in the accounting profession, and in future courses.

Principles of Managerial Accounting addresses financial accounting concepts of corporate organization, shareholders’ equity, long-term debt, investments, cash flows, and financial statement analysis. Managerial accounting topics covered are job order and process cost systems, cost behavior and cost-volume-profit analysis, budgeting, performance evaluation using standard costing, differential analysis and product pricing, and capital investment analysis. Course Objectives At the conclusion of the course, students are expected to:

1. Understand the corporate form of organization and the impact of transactions related to shareholders’ equity.

2. Understand how to account for the issuance of corporate stock, the incurrence of corporate debt, and investing by corporations.

3. Understand basic techniques of financial statement analysis. 4. Understand how to prepare a statement of cash flows. 5. Understand differences between financial and managerial accounting. 6. Understand the fundamentals of job order and process cost systems, various types of manufacturing

costs, and the use of standard costs. 7. Understand basic elements of the budgeting process. 8. Understand basic techniques used in managerial decision-making.

Map from COB Learning Objectives to Specific Course Objectives

COB Learning Objective: Leadership

Students are given opportunities to develop and demonstrate leadership through various group activities during class. Specific outcomes include the ability to listen, to manage, to relate to the group, to come to a group consensus, and to understand and adapt to change. Maps to Course Objectives 3 and 8

COB Learning Objective: Communication

Students will be given instruction in and opportunities to demonstrate competency in written communications related to the corporate form of organization and concepts of financial and managerial accounting.

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Maps to Course Objectives 1, 3, 4, and 8

COB Learning Objective: Critical Thinking

Students will be given instruction in and opportunities to demonstrate competency in critical thinking and analyzing business situations. Explicit learning outcomes are to: (1) Determine the impacts of stock splits, stock dividends, and cash dividends for the corporation and for the shareholders; (2) Know the differences of using the cost, equity, or consolidated methods of accounting for investments; (3) Identify operating, financing, and investing activities and analyze the impacts of transactions on cash flows; (4) Identify and use basic financial statement analytical procedures; (5) Understand similarities and differences between financial and managerial accounting; (6) Identify the roles of financial and managerial accounting in business; (7) Understand the differences between job order costing and process costing systems, the various types of manufacturing costs, and the use of standard costs; (8) Identify when the use of a job order system or a process cost system is more appropriate; (9) Classify costs as variable, fixed, or mixed—based on their behaviors; (10) Use differential analysis to make basic business decisions; and (11) Understand elementary principles of capital budgeting. Maps to all Course Objectives

COB Learning Objective: Business Integration

Students are encouraged to demonstrate the capacity to integrate quantitative and qualitative techniques to analyze alternatives available to business organizations. Students will demonstrate the capacity to formulate strategies that are feasible, understandable, and foster long-term sustainability within the context of achieving organizational goals and social responsibilities. Maps to all Course Objectives

COB Learning Objective: Core Business Knowledge

Students will be given instruction in and opportunities to demonstrate competency in functional business knowledge in accounting. Explicit learning outcomes are to: (1) Identify the sources of shareholders’ equity; (2) Record transactions related to the issuance and repurchase of capital stock; (3) Record cash dividends and stock dividends; (4) Calculate earnings per share; (5) Understand the characteristics, terminology, and pricing of bonds

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payable; (6) Understand the calculations and journal entries for the issuance and redemption of bonds payable; (7) Understand the calculations and journal entries related to investments in bonds; (8) Know how to use the cost, equity, and fair value methods of recording investments; (9) Know the various types of manufacturing costs and manufacturing inventories; (10) Calculate equivalent units of production; (11) Trace production costs through the manufacturing process; (12) Identify and calculate standard costs and cost variances; (13) Understand the basic elements of the budgeting process; (14) Identify the major types of budgets; (15) Calculate amounts for a flexible budget; (16) Understand the basic techniques used in managerial decision-making, such as cost-volume-profit analysis, differential analysis, and capital investment analysis; (17) Compute contribution margins and breakeven points; (18) Identify various methods of capital investment analysis; and (19) Calculate the cash payback period for a capital investment. Development of core business knowledge is initiated with the instructor’s presentation of each topic. The student’s comprehension is reinforced by reading the assigned chapter of the textbook and completing related assignments. By completing assignments, students are given opportunities to apply their understanding of accounting concepts. Maps to all Course Objectives

COB Learning Objective: Global Business Environment

The global business environment is not a specific objective of this introductory course; however, the diverse faculty and student populations within the College of Business provide opportunities for fostering global awareness.

COB Learning Objective: Business Ethics and Corporate Governance

Throughout the course are discussions of ethical considerations in the profession of accountancy. Professional standards require accountants to behave with integrity, to set the bar higher than technical adherence to rules, regulations, and laws. While companies establish internal controls and adopt procedures and policies to address various situations, an ethical environment relies both on management’s and employees’ ethical codes. Maps to all Course Objectives

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Course Materials (Text, calculator, etc.)

Textbook: Accounting, 25th edition: Warren, Reeve, & Duchac with Cengage course access code.

Publisher Link: https://login.cengagebrain.com/cb/login.htm This link will take you to CengageNOW, an online site where all homework and quizzes will be completed, and where you have access to various resources, including an electronic version of the textbook. Each section of ACCT 2302 has a unique course key code that will be given to you by the instructor in order to sign into your assigned course. You will need to purchase an on-line access code with your textbook bundle in order to use the CengageNOW site for the semester assignments. You can purchase at the WT Bookstore or I will have a link inside the course that you can use to purchase your course access code from Cengage directly (it comes with an eBook).

Other: A basic calculator will be needed for this course. Microsoft Office: Word, Excel and Power Point will be needed for this class.

Course Teaching Methods This course is a fully-online, web-based course. Students will work through assignments such as chapter readings, pre-tests, personal study plans, homework, and chapter quizzes. The Assignments and other on-line resources assist students in understanding and applying accounting concepts.

All assignments (except exams) will be completed in CengageNOW. To get started, log in to CengageNOW and find the Assignments tab. Beginning with Chapter 13, read the chapter, open the "Personalized Study Plan." This contains a pre-test; for every chapter, depending on how well you do on the pre-test, you will receive a study plan. Work through the study plan and complete the homework for the each chapter. The study plan contains eLectures and Animated Example Exercises, as well as the entire textbook in electronic form. To prepare for each exam, complete the post-test for each chapter. The Chapter 13 Homework Assignment in CengageNOW contains a CengageNOW tutorial. By following the chapter assignment plan on the Class Schedule, you will be well-prepared for each week. See the due dates posted within CengageNOW for the last date and time that each assignment will be due. NOTE: This is not a self-paced course, there are specific due dates.

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Course Grading Policies

Four exams (including a comprehensive final) will be given. Each exam is worth 100 points. Out of these four exams, the lowest exam score will be dropped.

Exam scores (3 highest scores @ 100 pts each) 300 points

Weekly homework assignments in CengageNOW (10 pts each ) 100 points

Weekly chapter quizzes in CengageNOW (10 pts each ) 100 points

Total 500 points

The grading scale is as follows: A 90 – 100% 450 – 500 points B 80 – 89 % 400 – 449 points C 70 – 79 % 350 – 399 points D 60 – 69 % 300 – 349 points F less than 60% below 300 points Students who miss an exam due to University sponsored activities must make advance arrangements to take the exam. If an unavoidable problem arises during the semester that inhibits your performance in the course you should contact me to discuss.

Preparation and Coursework

As with any on-line course, students must exercise good time management and self-discipline in completing the course assignments. In an on-line format, the readings component is one of the most critical to success. Students must be able to comprehend the new definitions and terminology associated with the material. This is not a self-paced course; there are specific deadlines.

The leading cause of failure in accounting courses is the lack of preparation. You should read the chapter prior to beginning any assignment. Homework is assigned in order for you to practice the concepts learned from your reading. Students who do not read the chapter and work the assigned homework rarely do well in the course. The publisher’s website contains several learning tools such as eLectures, animated exercises, and a personal study plan. Please take advantage of these valuable resources as you work through the material. Homework assignments will be made throughout the semester along with Chapter quizzes. The assignments will be due as posted on the CengageNow website. Homework will be completed and graded on the CengageNow website and will count as part of this class grade as outlined above. Chapter quizzes will be completed and graded on the CengageNow website and will count as part of this class grade as outlined above. No late homework assignments or quizzes will be accepted unless associated with an excused absence or other hardship approved by the course instructor. Exams will be given in WTClass (Black Board) as posted on the class schedule.

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Each student’s preparation is essential to a successful outcome.

Assigned Reading - Students should read the assigned chapter of the textbook. See Class Schedule in WT Class.

Pre-tests, Personal Study Plans, Homework, and Post Chapter Quizzes provide opportunities to apply concepts covered in the assigned readings. All homework and quizzes assigned are to be completed in CengageNOW. Students may take each homework assignment an unlimited number of times. Post Chapter Quizzes will be given at the end of each chapter and may be attempted twice with the second attempt’s grade posted. Failure to complete these assignments will limit a student’s opportunities to learn and will impact the final course grade. Due dates for homework and quizzes are posted in CengageNow.

Exams (4) will be based on assigned readings, homework, and other handouts. Exam questions will be in the form of multiple choice, journal entries, and/or problems. See Class Schedule for exam dates. These tentative dates are subject to change. All exams will be given on-line on WTClass (I will give you instructions at the time of the exam). Note: You must pay attention to the scheduled window open to take the exams and the time limit for each exam. Exam dates are posted on the class schedule in Blackboard.

Course Assignment, Examination, and or Project Policies

All Cengage assignments will be due as posted on the CengageNOW website. Unless specific instructions allow collaboration, all assignments are to be completed INDIVIDUALLY and by the student enrolled in the course. It is totally unacceptable to represent as your work any assignment, question, exercise, or problem that is done by someone else. It is equally unacceptable to copy from anyone or any source any assignment, question, exercise, or problem, or to allow yours to be copied by anyone else. While it is impossible to control, prevent, or detect all abuses, be assured that if you cheat, you are cheating yourself, your classmates, and your future employer.

Additional Course Policies For emails, please use WTClass e-mail, not your gmail, hotmail, etc. as I will not know what section you are in

if you do not use WTClass e-mail.

Stay on schedule - every assignment has a final due date. Do not wait for the last minute to complete your

assignments! Odd things happen in cyberspace: emails get lost, servers disconnect temporarily, logins are

impossible, etc., therefore allow time to accommodate technical difficulties in submitting work or taking a test

or quiz. Back up every piece or work you do on your computer or disk drive.

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Course Topics - Tentative Calendar of Readings, Topics, and Due Dates

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Netiquette:

Netiquette is basically using good manners in cyberspace. Since most of the communication over the net is by

way of text, be sure your written words are not offensive to the receiver.

Remember email is a document, and can be read by others than the intended audience.

Flaming, or making personal attacks on a person, is also unacceptable.

Whether you are in a chat room, writing an email or posting to a discussion area, remember to use proper

etiquette in consideration of others. If you would like to read more on the subject of netiquette, use these links:

http://www.iwillfollow.com/email.htm

http://www.albion.com/netiquette/corerules.html

Date(s) Week of… Material Covered Assignments

Jan 16Introduction to Course / On-line sign-up;

Begin working on Chapter 13 Reading & On-

line Cengage Assignments Sign-up in Cengage On-line; Start On-line assignments

Jan 22 Chapter 13 (finish assignments) Homework and other assignments as per the Cengage On-line course.

Jan 29 Chapter 14 Homework and other assignments as per the Cengage On-line course.

Feb 5 Chapter 15 Homework and other assignments as per the Cengage On-line course.

Feb 12 Chapter 16 Homework and other assignments as per the Cengage On-line course.

Feb 19 to Feb 25 Exam #1 (Chapters 13,14,15 & 16) Exam will be delivered on-line in WTClass (Black Board)

Feb 26 Chapter 17 Homework and other assignments as per the Cengage On-line course.

Mar 5 Chapter 18 / Chapter 19 Homework and other assignments as per the Cengage On-line course.

Mar 12 Spring Break

Mar 19 Chapter 20 Homework and other assignments as per the Cengage On-line course.

Mar 26 Chapter 21 Homework and other assignments as per the Cengage On-line course.

Mar 30 Last Day to Drop / Withdraw from Course

Apr 2 to Apr 8 Exam #2 (Chapters 17,18,19, 20 & 21) Exam will be delivered on-line in WTClass (Black Board)

Apr 9 Chapter 22 Homework and other assignments as per the Cengage On-line course.

Apr 16 Chapter 23 Homework and other assignments as per the Cengage On-line course.

Apr 23 Chapter 25 / Chapter 26 Homework and other assignments as per the Cengage On-line course.

Apr 28 to May 2 Exam #3 (Chapters 22,23,25 & 26) Exam will be delivered on-line in WTClass (Black Board)

May 4 to May 7 Comprehensive Final Exam (Optional) Chapters 13 - 26, Omitting 24 (Delivered in WTClass (Black Board))

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Technology support:

WTClass Black Board support - IT Service Center (ITSC) by calling 806-651-4357 (HELP) or by emailing

ITSC@mail.wtamu.edu.

The ITSC help desk is open to assist students who need technical support with WTClass. Check the ITSC page

for current hours. The ITSC is located in the Hastings Electronic Learning Center (HELC).

Resources: There are several free supplemental resources for this class:

Individual tutoring through Educational Services (CC 106 – 651-2995).

Open on-campus Access Accounting and Finance lab / tutoring – schedule will be distributed.

The website provided through your textbook. It contains a lot of information and helpful study

information – the link is a follows:

www.cengagebrain.com/cgi-wadsworth/course_products_wp.pl

WTAMU COB Student Code of Ethics Each student enrolled in COB courses accepts personal responsibility to uphold and defend academic integrity

and to promote an atmosphere in which all individuals may flourish. The COB Student Code of Ethics strives to set a standard of honest behavior that reflects well on students, the COB and West Texas A&M University. All students enrolled in business courses are expected to follow the explicit behaviors detailed in the Student Code of Ethics.

Code of Ethics

Do not use notes, texts, solution manuals, or other aids for a quiz or exam without instructor authorization.

Do not copy the work of others and/or allow others to view your answers or copy your work during a quiz, exam, or on homework assignments.

Do not allow other parties to assist in the completion of your quiz, exam, homework, paper, or project when not permitted.

Do not work with other students on projects or assignments without authorization from the course instructor.

Properly cite and specifically credit the source of text, graphic, and web materials in papers, projects, or other assignments.

Do not forge the signature of an instructor, advisor, dean, or another student.

Provide truthful information for class absences when asking faculty for excused absences or for a make-up for a quiz, exam, or homework.

Provide truthful information on your resume including work history, academic performance, leadership activities, and membership in student organizations.

Respect the property, personal rights, and learning environment of all members of the academic community.

Live up to the highest ethical standards in all academic and professional endeavors.

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Students violating the Student Code of Ethics will be reported to the Dean’s office and are subject to penalties described in the West Texas A&M University Code of Student Life, which may include suspension from the University. In addition, a violator of the Student Code of Ethics may become ineligible for participation in student organizations sponsored by the COB and for recognition for College academic honors, awards, and scholarships. COB Student Resources Link The COB has developed a Student Resources repository (e.g., APA writing style information, business core reviews, facilities, and other helpful supplements), which can be found on the COB Website. Additionally, WTAMU has developed an Academic Study Skills information site to assist students (e.g., study habits, supplemental instruction, tutoring, writing and math skills), which can be found on the WTAMU Website. For WTAMU Writing Center information (for students needing writing assistance, guidance, and feedback), please visit their website. COB Communications Component Students earning a BBA degree must complete at least one course with a communications component as part of the business core requirements. The COB communications component is a requirement in the following courses: ACCT 4373 (Accounting Communications), BUSI 4333 (Cross-Cultural Issues in Business Communications), BUSI 4350 (Current Issues in Management Communications), BUSI 4380 (Conflict Resolution and Negotiation), BUSI 4382 (Emerging Media Law), CIDM 3320 (Digital Collaboration and Communication), ECON 4370 (Economics of Health Care), FIN 3350 (Personal Financial Planning), FIN 4320 (Investments), FIN 4321 (Portfolio Theory), MGT 3335 (Organizational Behavior), MGT 4380 (Conflict Resolution and Negotiation), and MKT 3342 (Consumer Behavior). Students in a communications component course are explicitly required to demonstrate knowledge of communication skills. Specific objectives may include but are not limited to the following concepts put forth by the National Business Education Association: (1) ability to organize a written and an oral message coherently and effectively, (2) ability to use technology for communication, (3) ability to research a topic, prepare a report, and present the findings to all organizational levels, and (4) ability to demonstrate critical-thinking skills. Specific course requirements and the role of the communications component with respect to student grading policy are at the discretion of the course instructor of record. Student Travel Opportunities In multiple business courses, there may be opportunities for student travel supplemented by student fees. If you have an interest in such opportunities as they become available, please notify a faculty member. Dropping/Repeating the Course Should a student decide to drop the course, it is the student’s responsibility to be aware of the final drop dates and adhere to the WTAMU Add/Drop policy. Any student participating in the course after the WTAMU posted drop date will be considered active and a grade will be administered at the end of the course for that student. Students are charged a fee for any course attempted for a third or subsequent time at WTAMU other than a non-degree credit developmental course or exempted courses.

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Scholastic Dishonesty It is the responsibility of students and instructors to help maintain scholastic integrity at the University by refusing to participate in or tolerate scholastic dishonesty. Commission of any of the following acts shall constitute scholastic dishonesty. This listing is not exclusive of any other acts that may reasonably be said to constitute scholastic dishonesty: acquiring or providing information for any assigned work or examination from any unauthorized source; informing any person or persons of the contents of any examination prior to the time the examination is given in subsequent sections of the course or as a makeup; plagiarism; submission of a paper or project that is substantially the same for two courses unless expressly authorized by the instructor to do so; submission of a paper or project prepared by another student as your own. You are responsible for being familiar with the University's Academic Integrity Code, as well as the COB Student Code of Ethics listed in this document. Academic Integrity

All work must be completed individually unless otherwise stated. Commission of any of the following acts shall constitute scholastic dishonesty: acquiring or providing information for any assigned work or examination from any unauthorized source; informing any person or persons of the contents of any examination prior to the time the exam is given in any subsequent sections of the course or as a makeup; plagiarism; submission of a paper or project that is substantially the same for two courses unless expressly authorized by the instructor to do so. For more information, see the Code of Student Life.

Viewpoints/External Websites Disclaimer The views expressed in this document, web-based course materials, and/or classroom presentations and discussions are those of the professor and do not necessarily represent the views of West Texas A&M University, its faculty and staff, or its students. Views expressed by students are likewise those of the person making such statements. It is understood and expected that each individual within this course will respect and allow individual difference of opinion. Neither the professor, the COB, nor WTAMU are responsible for the content of external websites discussed in the classroom and/or linked to via online course materials, emails, message boards, or other means. Referred websites are for illustrative purposes only, and are neither warranted nor endorsed by the professor, COB, or WTAMU. Web pages change frequently, as does domain name ownership. While every effort is made to ensure proper referencing, it is possible that students may on occasion find materials to be objectionable for reasons beyond our control. Acceptable Student Behavior Classroom behavior should not interfere with the instructor’s ability to conduct the class or the ability of other students to learn from the instructional program (Code of Student Life). Unacceptable or disruptive behavior will not be tolerated. Students engaging in unacceptable behavior may be instructed to leave the classroom. Inappropriate behavior may result in disciplinary action or referral to the University’s Behavioral Intervention Team. This prohibition applies to all instructional forums, including electronic, classroom, labs, discussion groups, field trips, etc.

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Technology Requirements All technological requirements for the successful completion of this course are the responsibility of the student, including access to a working computer and or to a device with secure broadband Internet connection, data storage and retrieval, and state-of-the-art security. The student is responsible for all technological problems not related to WTAMU, including but not limited to equipment failures, power outages, and Internet breakdowns. Furthermore, students are responsible for all necessary technical and operational skills for completing this course, and for being familiar with WTClass (the Blackboard Learning System) both in a general sense and in a specific sense as pertaining to this course and any materials stored within. The professor is not responsible for any technical matters related to WTClass. Students must contact WTClass if they have problems accessing and/or using the WTClass environment. Physical or Educational Access - ADA Statement West Texas A&M University seeks to provide reasonable accommodations for all qualified persons with disabilities. This University will adhere to all applicable federal, state and local laws, regulations and guidelines with respect to providing reasonable accommodations as required to afford equal educational opportunity. It is the student's responsibility to register with Student Disability Services (SDS) and to contact faculty members in a timely fashion to arrange for suitable accommodations. Contact Information: Student Success Center, CC 106; phone 806-651-2335. Title IX Statement West Texas A&M University is committed to providing a learning, working and living environment that promotes personal integrity, civility, and mutual respect in an environment free of sexual misconduct and discrimination. Title IX makes it clear that violence and harassment based on sex and gender are Civil Rights offenses subject to the same kinds of accountability and the same kinds of support applied to offenses against other protected categories such as race, national origin, etc. Harassment is not acceptable. If you or someone you know has been harassed or assaulted, you can find the appropriate resources

here:

WTAMU Title IX Coordinator Becky Lopez – Kilgore Research Center 147, or call 806.651.3199

WTAMU Counseling Services – Classroom Center 116, or call 806.651.2340

WTAMU Police Department – 806.651.2300, or dial 911

24-hour Crisis Hotline – 800.273.8255, or 806.359.6699, or 800.692.4039

Visit the Notalone website For more information, see the Code of Student Life.

WT Attendance Policy for Core Curriculum Classes For the purposes of learning assessment and strategic planning, all students enrolled in Core Curriculum or developmental courses at West Texas A&M University must swipe their Buff Gold cards through the card reader installed in the classroom/lab for each class/lab meeting.

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Evacuation Statement If you receive notice to evacuate the building, please evacuate promptly but in an orderly manner. Evacuation routes are posted in various locations indicating all exits, outside assemble area, location of fire extinguishers, fire alarm pull stations and emergency telephone numbers (651.5000 or 911). In the event an evacuation is necessary; evacuate immediately do not use elevators; take all personal belongings with you; report to outside assembly area and wait for further information; students needing assistance in the evacuation process should bring this to the attention of the instructor at the beginning of the semester. Copyright All original content in this document, all web-based course materials (be they text, audio, and/or video), and/or classroom presentations are subject to copyright provisions. No distribution without the express written consent of the author. Students are prohibited from selling (or being paid for taking) notes during this course to or by any person or commercial firm without the express written permission of the professor.

* Syllabus template approved by COB Curriculum Committee May 2017. Annual review of the syllabus is a formal part of the COB continuous improvement process.