Principles of Accounting II School of Accountancy ACCT 2102 - Fall, 2000 544 New CBA Bldg. (404)651-2611 Seven-Week Course: Mondays & Wednesdays COURSE MATERIALS: Managerial Accounting (1st edition), John Y. Lee Solutions to Assigned Problems - this material is accessible over the net and will be useful during the class discussions and as an additional learning tool. There is no charge for these notes. Power Point or WORD Notes on Selected Topics - this material is accessible over the net and will be useful during the class discussions and as an additional learning tool. There is no charge for these notes. The notes are referred to on the syllabus as PPN for Power Point Notes and WN for WORD notes. NOTE: The Class Policies provided with this syllabus specify all the requirements regarding grading, testing, attendance, and other important issues related to this course. Please read these policies very carefully. Problem & Exercise 1 Oct. 16 Introduction to managerial accounting E1-1, E1-2 Monday Financial vs. Managerial Accounting P1-4 Changing Environment & The New Managerial Accounting Ethics In Management Accounting - Read: Chapter 1 PPN-01 2 Oct. 18 Cost Concepts & Behavior Patterns E2-1, E2-2 Wednesday Cost Objects & Cost Tracing* E2-8, E2-10 Various Cost Classifications P2-16, P2-19 Cost Classifications Manufacturing Cost Flows HO:2-1 Cost Behavior Patterns (Job Order Types of Fixed Costs Costing) Additional Cost Classifications - Read: PPN-02 & PPN-02A Chapter 2 *Topics not discussed in text in chapter 2 (See PPN-2)
3 Oct. 23 Cost-Volume-Profit Analysis E3-1, E3-2 Monday CVP Analysis - Single Product: E3-3, P3-11 - Contribution margin per unit P3-13 - Break-even point in units - Safety margin in units HO:3-1 - Units required to reach (Comprehensive targeted income levels problem) (before & after-tax bases) - Operating Leverage - Sensitivity Analysis - Read: Chapter 3-pgs: 58-73 PPN-03 - Note: Graphical analysis will not be emphasized 4 Oct. 25 Job Order Costing E4-1, E4-2 Wednesday Cost Flows Through JO Costing Sys. E4-3, E4-4 Determining Overhead Applic. Rates E4-6, E4-11 Actual & Normal Costing Systems P4-17 Job Order vs. Process Costing HO:4-1 & 4-2 Determining the cost of jobs (Comprehensive JO Costing - Note: Students are not responsible Problems) for journal entries Students are responsible for T-account flows through the three inventory accounts and CGS - Read: Chapter 4-entire chapter Chapter 5-pgs: 166-168 PPN-04 & PPN-04A 5 Oct. 30 Review of key concepts of Chapter 4 Monday (1st hour) FIRST EXAM: All Materials Covered To Date (1.25 hours)
6 Nov. 1 Cost-Volume-Profit Analysis E3-9, P3-18 Wednesday CVP Analysis - Multiple Products P3-20 Contribution Margin Ratio or % - Break-Even Point in Sale $ s HO:3-2 - Safety Margin in Sales $ s (Comprehensive - Sales ($ s) required to reach Problem) targeted income levels (before & after-tax bases) - Operating Leverage - Sensitivity Analysis - Read: Chapter 3-key pgs: 70-81 PPN-03 Review of 1st Exam (final hour of class) 7 Nov. 6 Cost-Activity Relationships E6-1, E6-2 Monday Activities & Cost Drivers E6-6, E6-8 Simple & Complex Cost-Activity P6-18, P6-19 Relationships Cost Hierarchy: Unit, Batch, Product, and Facility Levels Cost & Activities in Service Industry - Note: Cost estimation methods will not be emphasized - Read: Chapter 6-key pgs: 204-219 PPN-07 8 Nov. 8 Activity-Based Costing E7-1, E7-2 Wednesday ABC Defined E7-5, E7-10 Limitations of conventional costing P7-11 The Design of an ABC System HO:7-1 - Assigning Costs to Activities (Comprehensive - Calculating Activity Rates ABC Problem) - Applying Costs to Products Advantages & Disadvantages - Read: Chapter 7-pgs: 250-266 PPN-08 Fri. Nov. 10 LAST DAY TO WITHDRAW AND RECEIVE A "W"
9 Nov. 13 Activity-Based Costing E7-7, E7-8 Monday The Design of an ABC System P7-12, P7-23 - Assigning Costs to Activities P7-24, P7-25 - Calculating Activity Rates HO:7-2 - Applying Costs to Products (Comprehensive Advantages & Disadvantages ABC Problem) ABC and Service Industries - Read: Chapter 7-pgs: 258-271 PPN-08 10 Nov. 15 Review of key concepts Wednesday - Chapters 3, 6 & 7 (1st hour) SECOND EXAM: All Materials Covered To Date (1.25 hours) 11 Nov. 20 Constraints & Relevant Costs E15-1, E15-3, Monday Utilizing Scarce Resources P15-4, P15-10 Relevant Costs For Decision Making P15-13 To Add Or Drop A Product Line - Read: Chapter 15-pgs: 626-636 WN-11 Review of 2nd Exam (final hour of class) Nov. 22-26 THANKSGIVING HOLIDAY BREAK 12 Nov. 27 Decision Making & Relevant Costs E15-5, E15-6 Monday Make or Buy E15-7, P15-15 Joint Products: P15-19, P15-20 - Sell or Process Further P15-21 Special Sales Orders - Read: Chapter 15-pgs: 636-642 WN-11
13 Nov. 29 Budgeting For Operations E8-3, E8-4 Wednesday Description of Budgeting E8-5, E8-6 The Budgeting Process P8-11, P8-14 The Master Budget P8-15 - Sales & Production Budgets - Dir. Mat. & Dir. Labor Budgets - Cash Receipts Schedule - Read: Chapter 8 PPN-13 14 Dec. 4 Responsibility Accounting HO:14-1 Monday Responsibility Centers (Flexible Budget Eval. Respons. Centers Performance Exercise) Static Budgets & Flexible Budgets Budget Vs. Actual Perform. Reports HO:14-2 (Budg. Vs. Act. - Read: Chapter 12-pgs:490-498 Perf. Reports) Chapter 9-pgs: 351 & 359-361 PPN-14 15 Dec. 6 Responsibility Accounting E12-2, E12-3, Wednesday Return On Investment (ROI) E12-4, E12-6 Analysis of Operating ROI E12-8, P12-17 Residual Income P12-20 Economic Value Added Behavioral Implications - Read: Chapter 12-pgs:490-502 PPN-14 - Note: Transfer pricing will not be included in this course. Dec. 9 Saturday FINAL EXAM - 8:00 AM (Entire Course Subject Matter - Note: For most classes, the final exam is not given in the classroom in which the course was presented. Be certain that you know the location of the final exam for your particular class section.