HOLYOKE COMMUNITY COLLEGE

HOLYOKE, MASSACHUSETTS

 

ACC 205 - MANAGERIAL ACCOUNTING

 

 

INSTRUCTOR:        Prof. Leah Cabanis

OFFICE:                    KBC 413

TELEPHONE:         (413) 552-2312

 

 

PRE-REQUISITE:   ACC 112

 

REQUIRED MATERIALS:

 

         1.   Introduction to Managerial Accounting, 3^rd. Edition, by Brewer, Garrison & Noreen, with code, McGraw-Hill.

         2.   Notebook of your choice to be used for solutions to questions, exercises, etc.

3.      Calculator

3.      Blank and virus free 31/2" disks.

 

COURSE DESCRIPTION:

 

An introduction to the preparation and use of financial information for internal management purposes.  Major emphasis will be on the collection and interpretation of accounting data for planning and control purposes.   Prerequisite:  ACC 112

 

OTHER DESCRIPTION:

 

This is a third semester accounting course.  Most of the students that take it are Business Majors.  Accounting is too broad a subject to be comprehensively covered in a one-year course.  The topics covered will reflect the needs of the students of this course.  Regrettably, several important topics will be omitted.

 

Accounting requires creative and critical thinking.  Professionals, including Accountants, Managers, and Computer Technicians, must have a large body of knowledge in memory.  It is their knowledge and their ability to use it that distinguishes them professionally from others and allows them to practice their professions (and command respectable salaries).  Acquiring knowledge requires time and effort; it does not happen easily.  This course will CONTINUE to build the professional knowledge you will need to practice a profession.

 

Students who excel in business usually show some or all of the following attributes: curiosity, precision, perseverance, enthusiasm, industry, numeracy, and a good memory.  If a student has none of these, his/her life in business will probably be an unhappy one.

 

 

COURSE OBJECTIVES: Upon completion of this course, the student will be able to:

 

1.      Apply Cost-Volume-Profit Analysis to companies.

 

2.      Distinguish between standard costing and activity-based costing.

 

3.      Prepare a Master Budget.

 

4.      Monitor performance by variance analysis.

 

5.      Make decision using relevant information.

 

6.      Correctly use the terminology of accounting in the areas mentioned above.

 

 

LEARNING OBJECTIVES AND ASSESSMENT:

 

The instructor has several objectives she wants to accomplish in this course.  First and foremost is for the students to continue to learn the framework of accounting and continue to fill it with a large body of factual knowledge.

 

Second is for the students to continue to learn a substantial amount of information and vocabulary.  Knowing the language of accounting is necessary for effective, professional communication.  The cornerstone of any language is its vocabulary and the underlying concepts.

 

Third is for the students to continue to practice critical thinking.  Critical thinking is making conclusions from available information.  The ability to make sense of disparate facts, solve problems, build new ideas, and evaluate the ideas of others are central to critical thinking.

 

Fourth is to permit students to explore their interests in accounting and make wise decisions about their professional futures.

 

 

COURSE REQUIREMENTS:

 

1.  Assignments/Homework:

 

The key to success in an accounting course is to do the homework on a timely basis.

 

2.  Examinations:

 

There will be six regular examinations and one final examination.  Lecture and exams are used to encourage study and to assess learning.  The exams may include any material that is covered in the reading assignments.  Exams are a sampling of what has been taught and can not possibly include everything that has been presented.  

 

Each exam will consist of a combination of multiple-choice questions, matching, and problems.

 

The six regular exams will be graded on the basis of 100 points.  These exams will be weighted 60% of your final grade.

 

The final exam is graded on the basis of 100 points.  The final exam will be weighted 10% of your final average.

 

QUIZZES:  There will be numerous quizzes given during the semester and will collectively be weighted 15% of your final average.  There are NO makeups for quizzes!

 

 Homework may be of several types and collectively will be weighted 15% of your average.   Homework must be passed in on time.

 

 

GRADING:

 

Your communication skills will be taken into account during the semester.  In short, unclear answers and sloppy grammar reflect weak communication skills and will lead to reduced credit.  The examinations and class participation will be designed to allow the students to demonstrate these skills.  Grades will be based on the following:

 

                        Regular Exams (10% each) 60%

                        Final Exam                                         10%

                        Homework                                         15%

                        Quizzes                                              15%

 

 

The following is a schedule of numeric grade requirements:

 

            A         93+                 C+       77-79

            A-        90-92              C         73-76

            B+       87-89              C-        70-72

            B         83-86              D+       67-69

            B-        80-82              D         63-66

D-                60-62

F          59 & below

                                                           

 

EXAM POLICY:

 

No make-up examinations will be given without the approval of the instructor prior to the administration of the exam.

 

OTHER INFORMATION:

 

1.  This syllabus and assignment sheet may be modified as deemed appropriate.  All changes will be announced in class.

 

2.      Faculty evaluations will be done at the end of the semester.