jackson college syllabus · web viewchapter 0 start up assignments. to succeed with our online...

Managerial AccountingACC 234-I1Fall A 2019

Number of Credits: 4 credits

Days Class Meets: online

Meeting Times: online

Location: online

Instructor: Suzanne K Long

Office: WA under construction

Contact Phone: WA under construction

Contact Email: [email protected]

Office Hours: MTWR 11-1 and THUR 5-8

Phone Office Hours: afternoons and Fridays

Course workshop sessions (optional)We are all different. Some of us do well with a mix of online work with an independent focus combined with live interactive work with a focus on collaboration. Some of us also do well 100% online. Consider what you know about yourself and how this class feels for you. If you would like to meet and work in person, I have lunch workshops and a Thursday night workshop for you during Fall 2019:

Lunch workshop – MTWR 11 to 1 – in WA XXX – bring your own device & your lunch Night workshop – THUR 5 to 8 – in WA XXX – bring your own device & your snack

If you plan to come to the night workshop, send me an email so I know you are coming. If no one is there and no one has contacted me by 6 PM, I’m heading home. If you do decide to join in the workshops, do your work first. Bring your laptop, your course materials and your questions. Be prepared to work.

Course DescriptionManagement level professionals from all disciplines will be faced with complex situations and decisions. Appropriate managerial accounting reports and critical thinking skills are crucial to a proactive management process. Learn about financial statement analysis, cash flow forecasting, job order costing in manufacturing, process costing in manufacturing, activity-based costing in manufacturing, cost-volume analysis, cost behavior analysis, budgeting, responsibility accounting, case study analysis, critical thinking and decision making skills.

Prerequisite(s)Prerequisite course: ACC 232

Transfer informationACC 234 Managerial Accounting is considered an upper level program course. ACC 234 does transfer smoothly to local schools including SHU, SAU and Baker. ACC 234 does not transfer to universities such as WMU, MSU and EMU. Go to HYPERLINK "http://www.michigantransfernetwork.org"www.michigantransfernetwork.org to check your transfer school

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mailto:[email protected]

and don’t hesitate to contact Suzanne Long directly at HYPERLINK "mailto:[email protected]"[email protected] for academic advising in the accounting area.

Course Objectives & Goals

1. To perform accounting computations accurately at the Accounting 234 level.2. To prepare a master budget.3. To analyze and interpret cost accounting reports, i.e. cost of production and variance analysis reports.4. To prepare cost accounting reports, i.e. cost of production and variance analysis reports in both job order

and process systems.5. To apply the principles of cost accounting and cost behavior to decision making.6. To analyze and interpret non-routine business decisions using a variety of managerial accounting tools,

i.e. C-V-P analysis, differential cost analysis, present and future value.7. To develop an awareness of the differences between managerial accounting and financial accounting in

the U.S. and abroad.

Managerial Accounting is an upper level accounting course. Expect to review managerial accounting topics such as cost analysis, break even analysis, differential analysis, job costing, activity-based costing, pricing, variances, budgeting and more from ACC 232. We will further explore these topics in the context of business cases. These are situations to consider that can and do take place in the real world. The goal this semester is for Managerial Accounting to come alive and develop genuine meaning for you as you consider what it takes to be a part of a dynamic management team for a prosperous, successful business.

TextbookCornerstones of Cost Management, Hansen, 4th edition.

Cengage Unlimited $119.99, includes e-text and online access, 1 term (4 months), ISBN-13: 9780357700006, ISBN-10: 0357700007

JC Bookstore - $100 e-text full text, $100 rental, $150 Loose-leaf, $350 hardcover ISBN 978-1-305-97066-7

Cengage Unlimited. The materials required for this course are included in Cengage Unlimited, a subscription that gives you access to all your Cengage access codes and online textbooks for $119.99 per term, $179.99 per year or $239.99 for two years. No matter how many Cengage products you use, they are included in Cengage Unlimited, and the price stays the same. Cengage Unlimited includes all Cengage access codes, access to all Cengage online textbooks, print textbook one term rental for $7.99 no shipping, and extras from Chegg, Kaplan, Quizlet, study tools and career center. You can purchase access to Cengage Unlimited in the bookstore, or at cengage.com. The following accounting courses at Jackson College use Cengage textbooks: ACC 115, ACC 214, ACC 234, ACC 240.

CengageNOWv2 enrollment link:https://www.cengage.com/dashboard/#/course-confirmation/E-Y84E4H4FF2YZK/initial-course-confirmation

Textbook on reserve. There is one copy of the textbook materials for this class on reserve at the JC central campus library in the WA building. Library location, hours and information are available here: https://www.jccmi.edu/library/.

Text Book Zero! This text is available in a digital format. Please see the links posted on our class Jet Net site. This text is available to rent or purchase in digital format through the JC Bookstore.

Other Essentials

Students are required to have reliable Internet access, a technology back-up plan, Microsoft Word and Excel or compatible programs, and a file storage system (such as a flash drive or cloud file storage).

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https://www.jccmi.edu/library/

https://www.cengage.com/dashboard/#/course-confirmation/E-Y84E4H4FF2YZK/initial-course-confirmation

http://www.cengage.com/

http://www.cengage.com/unlimited

Academic Honesty PolicyAcademic Honesty is defined as ethical behavior that includes student production of their own work and not representing others' work as their own, by cheating or by helping others to do so.

Plagiarism is defined as the failure to give credit for the use of material from outside sources. Plagiarism includes but is not limited to:

Submitting other's work as your own Using data, illustrations, pictures, quotations, or paraphrases from other sources without adequate

documentation Reusing significant, identical or nearly identical portions of one’s own prior work without acknowledging

that one is doing so or without citing this original work (self-plagiarism)

Cheating is defined as obtaining answers/material from an outside source without authorization. Cheating includes, but is not limited to:

Plagiarizing in any form Using notes/books/electronic material without authorization Copying Submitting others' work as your own or submitting your work for others Altering graded work Falsifying data Exhibiting other behaviors generally considered unethical

Allowing your work to be submitted by others

Course ManagementContact JC Student Services for more information on these college policies. Students can withdraw from the course and receive a refund during the first week of the course. Students can withdraw from the course but not receive a refund from the 2nd through the 13th week of a 15-week semester. Students can audit a course, which means the student participates in the course but will not receive a grade. Students can contact the instructor regarding an incomplete grade in the course if 75% or more of the course requirements have been completed with a grade of a 2.0 or better.

HelpContact your instructor right away if you need help with this class. Don’t wait. Email, call or whenever possible, come to class early and/or stay after class to talk with your instructor. Your instructor is your best source of help with this class. The JC CSS also has tutors available for this class but hours and locations may be limited. Our textbook is on reserve at the WA library.

It is important to contact a Center for Student Success professional prior to the start of the semester in order to receive accommodations in a timely manner. While we will make every effort to coordinate accommodations in a timely manner, failure to self-identify prior to the start of the semester may delay notification to instructors and timeliness of acquiring accommodations. Accommodations do not automatically carry over to the next semester.

https://www.jccmi.edu/center-for-student-success/accommodations-for-students-with-disabilities/

Attendance PolicyIn compliance with Federal Title IV funding requirements, as well as college initiatives, reporting of student participation in classes will occur at three designated times each semester. Instructors will assign one of three non-

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https://www.jccmi.edu/center-for-student-success/accommodations-for-students-with-disabilities/

transcripted letter symbols to each student during each reporting period (see below). Students identified as no longer participating will be dropped or administratively withdrawn from the class, and students identified as needing academic assistance will be contacted.

Participation/Progress Symbols

H – The student is not doing acceptable work and needs Help to be successful. Q – The student has not participated and the instructor believes they have unofficially withdrawn (Quit).

These students will be dropped/withdrawn from the class. V – The instructor Verifies that the student is participating and doing acceptable work.

JetNet Forum

You can earn a maximum of 10 forum points per week in the forum, 2 points per forum post. Your active involvement in the forum will directly correlate to how well you do with this online class. Use the forum regularly and frequently. I would recommend that you check in every day or two to see what’s happening, what people are saying and to gauge where you are with your work. I will be posting a lot and will give lots of feedback. This is where our class happens. Posting within six hours of the weekly deadline will result in zero points. The forum is for all of us to talk and work together. Posting at the last minute is not productive for you or for the class. Post early and often. Forum posting is due by Monday 6:00 PM each week.

Chapter 0 Start Up Assignments

To succeed with our online Managerial Accounting, you need to know the basics on how to use CengageNOW. A little review on accounting will be good too. Chapter 0 assignments include sections including an Intro to CengageNow and Success with Accounting. You can earn a maximum of 10 points. Chapter 0 assignments are due on our first due date, Monday 9/9/2019.

CengageNow Text

For each chapter, there is a reading link in CengageNOW for the ebook version of our textbook. Click to open and explore in MindTap format. Some students will be using the ebook version only, and this is how you access the textbook. Many students like to use the book while working for reference and support. This is an area where you have full control and access to the ebook throughout the course. This section is optional and not graded.

CengageNow Adaptive Learning (Quiz & Videos)

You can earn a maximum of 10 quiz points per chapter by completing the Adaptive Learning section in CengageNow. When you click to open, you will be prompted to take a quiz. After the quiz, you can continue learning, review instructional videos and re-take quiz questions section by section to improve your score. If you’ve already got it, you don’t need to do much more. If you need more help, you can get help, learn more and improve your results. Go for it and go for 100% in the Adaptive Learning section. The Adaptive Learning Quiz is due by Monday midnight each week.

CengageNow Homework

You can earn a maximum of 10 homework points per chapter by completing the online chapter homework at CengageNow. After completing the Adaptive Learning section, move on to the homework. Use all of your resources such as JetNet forum, text and videos as you work on the homework each week. The homework will prepare you for the original Excel homework and the exams. CengageNow Homework is due by Monday midnight each week.

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Original Excel Homework

We will prepare traditional, formal accounting work in Excel, similar to what you would see in the workplace. We will complete one substantial problem per chapter. Refer to the syllabus schedule for specific Excel homework problems assigned. Refer to the weekly forum for suggestions, hints and sometimes check figures too! 10% of your Original Excel homework score is based on your presentation and use of Excel. Excel Homework is due by Monday midnight.

Exams

There will be 2 opportunities for exam points. Instead of traditional exams, we will complete the “Integrative Exercise” projects included in the textbook and in CengageNOW.

Mid-term Exam = Integrative Exercises on pp 207

Final Exam = Integrative Exercises on pp 574

Use Excel to organize and document your work. Take time to demonstrate your best presentation and formatting skills in Excel. Use the Forum to support and check your work with these challenging Integrative Exercises. We will discuss these in detail. Submit your final answers in CengageNOW. Submit your Excel supporting work in JetNet. Exams are due by Monday midnight of each exam week.

Projects

During our exam weeks, instead of an additional chapter, we will do two things.

Mid-Term Project: During mid-term week, each student will select a chapter from the textbook not covered in our class to review and present to the class. (1) Select any chapter from 11 to 20. Report your chapter to the instructor at the beginning of the course. (2) Prepare a one-page executive summary of the key points from the chapter and upload in the forum for 20 points. You are welcome to submit exhibits and samples to support your one-page executive summary. (2) Prepare a short 3-minute video to share with the class in the forum for 30 points. Share what you discovered in your chapter including highlights and examples. (50 points total) Projects are due by Monday midnight of each exam week.

Final Project: During Final Exam week, each student will compile a portfolio of course topics. (1) Review all chapter reviews presented by students previously submitted for the mid-term project and prepare your own summary portfolio of the entire course including all 20 chapters. Include a cover page and an executive summary page for each one of the 20 chapters. Yes, you will need to complete your own summary for chapters 1-10. You are welcome to include additional examples and exhibits. (50 points total) Projects are due by Monday midnight of each exam week.

Extra Credit

Complete the final Integrative Exercises activity of our textbook on pg 1088. Complete in Excel demonstrating your best presentation and formatting skills in Excel. You are welcome to complete part of all of this project for 40 total possible additional course points. Due by Sunday 10/20/2019.

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Due Dates, Late Policy, Grading PolicyAll assignments are due by Monday midnight. Note that midnight in JetNet is 11:55 PM. All assignments and projects must be completed and submitted before their scheduled deadlines. If you turn in your work past the due date, you will not receive points. If you are experiencing a genuine emergency such as a death in the family, find yourself admitted to the hospital, find yourself in jail, etc.; please contact me as soon as possible. Feeling busy and overwhelmed with college, family and life is not an emergency (although it certainly does feel overwhelming). Grading is completed with points posted to JetNet within 24-48 hours.

Technology issuesIf you have trouble with your JC login or other computer issues, please contact the JC Solution Center at 517-796-8539. When e-mailing your instructor, please include your first and last name and put “ACC 234” in the subject line. Always save and back-up your files. Have a back-up technology plan in case your regular computer has problems. Please ask questions and get help early with any concerns you may have including technology problems.

CaveatThis syllabus is not a contract: it is a plan for the course. Each course and each student group is unique. We may do more or less than is outlined above. Total points in the course may be altered to reflect the dynamics of our class.

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Semester Schedule for 7-week ACC 234Tues 9/3/2019 – Sun 10/20/2019

WEEK TOPIC ASSIGNMENTS DUE DATE

Week 19/3-9/9

CH 0 Start Up

CH 1 Introduction to Cost Management

CH 2 Basic Cost Management Concepts

Week 1 Forum

CH 0 Assignments:

How to Use CengageNow (5) Success with Accounting (5)

CH 1 Assignments:

CH 1 Text CH 1 Adaptive Learning (Quiz & Videos) (10) CH 1 Homework (10) CH 1 Originals pg 25 Cyber-Research Case (10)

CH 2 Assignments:

CH 2 Text CH 2 Adaptive Learning (Quiz & Videos) (10) CH 2 Homework (10) CH 2 Originals pg 69 PR 2.28 (10)

Mon 9/9

Week 29/9-9/16

CH 3 Cost Behavior

CH 4 Activity-Based Costing

Week 2 Forum

CH 3 Assignments:


CH 4 Assignments:


Mon 9/16

Week 39/16-9/23

Mid-term Project

Mid-term Exam

Week 4 Forum

Mid-term Project – complete your chosen chapter summary and video and post in the Forum

Mid-term Exam – complete pg 207 Integrative Exercises for Chapters 1-4 with CengageNOW

Mon 9/23

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Week 49/23-9/30

CH 5 Product and Service Costing: Job-Order System

CH 6 Process Costing

Week 3 Forum

CH 5 Assignments:


CH 6 Assignments:


Mon 9/30

Week 59/30-10/7

CH 7 Allocating Costs of Support Departments and Joint Products

CH 8 Budgeting for Planning and Control

Week 5 Forum

CH 7 Assignments:


CH 8 Assignments:


Mon 10/7

Week 610/7-10/14

CH 9 Standard Costing: A Functional-Based Control Approach

CH 10 Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

Week 6 Forum

CH 9 Assignments:


CH 10 Assignments:


Mon 10/14

Week 710/14-10/20

Final Project

Final Exam

Week 7 Forum

Final Project – complete your ACC 234 portfolio summary of chapter executive summaries

Final Exam – complete pg 574 Integrative Exercises for Chapters 5-10 with CengageNOW

Extra Credit

Sunday!!10/20/2019

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10/21-10/27 Fall semester break n/a n/a

10/28-12/17 Fall semester B n/a n/a

Grading Scale

GPA GRADE COURSE REQUIREMENTS POINTS

4.0 94-100% CH 0 Assignments (5 & 5) 10

3.5 89-93% JetNet Forum (7 weeks @10) 70

3.0 84-88% Adaptive Learning Quizzes (10 @ 10) 100

2.5 78-83% CengageNOW Homework (10 @ 10) 100

2.0 72-77% Original Excel Homework (10 @ 10) 100

1.5 66-71% Exams (2 @ 100) 200

1.0 60-65% Projects (2 @ 50) 100

0.5 55-59% Extra Credit (40 max)

0.0 0-54% Total points 680

Homework Plan7-week sample week in ACC 234

Day Assignments

1 Tues Weekly forum – read how the week will go, check suggestions

First chapter - CengageNow Adaptive Learning Quiz & CengageNOW homework

2 Wed Weekly forum – post during your work, now and any day

First chapter - CengageNOW homework & Original Excel homework

Check over homework from the week before

3 Thur Take one day off per week (Friday or Sunday recommended!)

4 Fri Weekly forum – post during your work, now and any day

Second chapter - CengageNow Adaptive Learning Quiz & CengageNOW homework

5 Sat Weekly forum – post during your work, now and any day

Second chapter - CengageNOW homework & Original Excel homework

6 Sun Weekly forum – finish all forum posting for the week, make sure you’re hit the minimum

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Complete any open work

7 Mon Weekly forum – finish all forum posting for the week, make sure you’re hit the minimum

Complete any open work

Weekly due date = Monday midnight

What is Management Accounting?

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