Louisiana Tech University

Louisiana Tech University Managerial Accounting (ACCT 202) Winter 2015

Instructor: Dr. Andrea R. Drake Office: 302 College of Business Building Office Hours: M - F: 10:00 am – 12:00 pm and by appointment Office Phone: (318) 257-2822 E-mail: [email protected]

Class Time and Location: Section 003 - TTH 12:00 – 1:50 pm in 111 COBB

Moodle Website: ACCT 202 003 – Winter 2015 Textbook (required): Managerial Accounting 15th edition. Garrison, Noreen and Brewer – McGraw-Hill-Irwin. Loose leaf “bundle” with Connect Plus is available at the bookstore. Simple, non-programmable calculator (required for exams)

To purchase CONNECT Plus go to the following website and click on “Register Now.” https://connect.mheducation.com/class/a-drake

Course Objectives and Content

This course will cover topics in managerial accounting suitable for both accounting and non-accounting majors. The focus will be on the use of internally generated accounting information for the purposes of planning, directing, and controlling basic business processes. Examples of specific topics include cost identification and behavior, alternative cost system designs, budgeting, basic variance analysis and capital budgeting techniques. Considerable emphasis will be placed on identifying and analyzing relevant information in various decision-making contexts.

Class Sessions

Each class session will consist of an integration of lecture, problem solving and class discussion. You do not need to bring the textbook to regular class sessions, but you may want to have it on days when in-class group problem sets are scheduled. The attached outline lists the textbook chapter(s) we will cover each week.

During most class sessions you will have an opportunity to solve problems on your own or in a small group to which you will be assigned. These problems are intended to help you do homework assignments and to give you examples of potential exam questions.

1 Please feel free to ask questions at any time during class! Everyone benefits from lively class discussions - please participate!

The use of cell phones or other communication devices is prohibited during class time. Class lectures and activities may not be electronically recorded in any format.

Grading:

Your course grade will depend on your total score for the following items. The point distribution is as follows: Maximum points possible Textbook homework assignments 25 Excel homework assignments 30 Group Problem Sets 80 Midterm Exam 1 – Thursday, January 8 120 Midterm Exam 2 – Thursday, February 5 120 Final Exam – Thursday, February 26 150 Total 525 points

Final course grades will be determined based on the percentage of total points earned. The following scale will be applied.

90% and above: A 80% - 89%: B 70% - 79%: C 60% - 69%: D Below 60%: F

Homework and Excel Problems

Reading and homework problem assignments are contained in the attached course outline. All homework assignments are to be done using CONNECT – no handwritten assignments will be accepted. There are three homework assignments that consist of problems that relate to topics that will be covered on corresponding exams. For example, homework assignment #1 contains exercises that will be covered on midterm 1. Homework assignments are due at the beginning of class on the days of the exams. There are a total of 37 homework problems over the three assignments and each problem is worth 1 point. There are a maximum of 25 points available for homework, so you are allowed to miss several without any penalty.

For problems that require the use of Excel, follow the instructions on the page numbers noted. Submit your Excel assignments through Moodle. Please name your files with your last name and chapter number included (i.e. DrakeCh13.xls). The purpose of

2 these assignments is to familiarize you with both the material and how to use formulas and cell references to create a well constructed spreadsheet. Simply filling in the required numbers into the template will not be considered complete. The Excel problems are due at the beginning of class on the day of the exam covering the relevant material. Each of the three Excel problems is worth 10 points. All late assignments will be assigned a grade of “0.”

Group Problems

There will be five 20 point problem sets to be completed in class throughout the term, and your four highest scores will count toward your grade. You will be randomly assigned to a group that you will work with throughout the term. The format will be a set of questions related to recently covered material, similar to what you might expect on the midterms. Each group will turn in one solution, and all group members who were present will receive the same number of points for that set. If you are absent for a group problem set, you will not receive credit for it. Also, if you are more than 10 minutes late on group problem days, you will not receive credit. The purpose of these problems is to help ALL group members learn the material. If you are confident that you understand how to do a particular problem, help your fellow group members understand it as well. Similarly, if you don’t understand how to do something on a group problem, ask for help.

The dates of the group problems are as follows:

Group Problem 1 Tuesday, December 16 Group Problem 2 Tuesday, January 6 Group Problem 3 Tuesday, January 20 Group Problem 4 Tuesday, February 3 Group Problem 5 Tuesday, February 24

All exams will consist of a mix of true/false, multiple-choice and essay questions. There will be a combination of both conceptual and calculation type questions. Essay questions will comprise 10 – 20% of all exams such that at least 10% of your overall grade will be based on effective writing skills. Note: the final exam will be cumulative; however, greater emphasis will be placed on the most recently covered material.

Students will not be allowed to use notes, formula sheets or other class materials during any of the exams. A basic calculator and pencil(s) are the only materials you may use during exams. Note: no cell phones, PDA’s or programmable calculators will be allowed during quizzes or exams. If you have a problem with any of the exam dates,

3 please see me as soon as possible. In general, I do not give make-up exams. However, serious (and documented) emergencies will be dealt with on a case-by-case basis. Note: Vacations, interviews, and work schedule conflicts do not count as "emergencies." Cheating, in any form, on any examination will result in a grade of F for the course. This includes, but is not limited to: *Looking at another student’s exam during the exam *Allowing your exam to be looked at by another student during the exam *Talking/writing/texting about the exam after taking it *Using/sharing past ACCT 202 course examinations *Electronic or manual copying of an exam, in any form

Note: I encourage students to collaborate on homework and Excel assignments. Other instructors may require you to do your own work exclusively on similar types of assignments. Follow the policies established in each course to avoid academic misconduct.

Overall, in accordance with the Academic Honor Code, students are assumed to pledge the following: “Being a student of higher standards, I pledge to embody the principles of academic integrity.

Students needing testing or classroom accommodations based on a disability are encouraged to discuss those needs with me as soon as possible.

Class Attendance

Per University regulations, attendance will be taken for each class session. Although no “points” are given, regular class attendance will likely have a significant and positive effect on your grade for the course.

The last day to drop with a “W” is Friday, February 6.

Class Continuance During Emergency Closure of the University

In the unlikely occurrence of a major natural disaster or other catastrophic event, we will continue to conduct class via Moodle. You will need to find a location where you have computer and internet access, and we will continue with our class through this media. Go to the website: http://moodle.latech.edu for instructions should a catastrophic event occur.

4 Managerial Accounting Winter 2015 Course Outline

Listed below are the reading and problem assignments for each week. We will cover chapters roughly in the order listed. It is recommended that you do the reading before class and the related homework problems soon after we cover the topic in class. NOTE: this outline is subject to change. Any content additions or deletions will be announced in class and posted to the Moodle website.

Week Textbook Homework Problems/Group Problem and Reading Assignment Exam Schedule Week 1 Text: Chapter 1 December 4 p. 1 – 26 Chapter 1

Week 2 Text: Chapter 2 p. 27-46 and p. 102- E2-2, E2-3, E2-5, E2-8, P2-23 December 9 & 11 103 E3-6 Chapters 2 & 5 Week 3 Text: Chapter 5 Group problem set 1 – Tuesday, Dec. December 16 & 18 p. 187 – 212 16 Chapter 12 E5-4, E5-5, E5-8, P5-23 “Applying Excel” problem on p. 215-217.

Weeks 4 & 5 December 23 – No Class – Holiday Break January 5

Week 6 Group problem set 2 – Tuesday, Jan. 6 January 6 & 8 Midterm 1 – Thursday, Jan. 8 (note – HW & Excel problem due at beginning of class)

5 Week 7 Text: Chapter 12 E12-3, E12-4, E12-5 p. 531-556 E12–8, P12-23 January 13 & 15 Chapter 12 Week 8 Text: Chapter 13 Group problem set 3 – Tuesday, Jan. January 20 & 22 p. 583-604 20 Chapter 13 E13-2, E13-5, E13-14 “Applying Excel” Problem on p. 607

Week 9 Text: Chapter 3 E3-1, E3-3, E3-7, E3-14 p. 83-109 E4-2, E4-3, E4-4 January 27 & 29 Text: Chapter 4 Chapter 4 p. 144-156

Week 10 Group Problem Set 4 – Tuesday, Feb. 3 Feb. 3 & 5 Midterm 2 – Thursday, Feb. 5 Chapter 7 (note – HW & Excel problem due at beginning of class) Week 11 Text: Chapter 7 p. 286-312 E7-3, E7-5 February 10 & 12 Text: Chapter 6 E6-1, E6-6 Chapters 6, 7 & 8 p. 234-254 E8-1, E8-2, E8-6 Text: Chapter 8 “Applying Excel” Problem on p. 315-317 p. 342-367 Week 12 Text: Chapter 9 No class Tuesday, Feb. 17 p. 394-408 February 17 & 19 Text: Chapter 10 E9-1, E10-1, E10-2, E10-6 Chapters 9 & 10 p. 428-445 Week 13 Group Problem Set 5 – Tuesday, Feb. 24 February 25 & 27 Final Exam – Thursday, Feb. 26 (note – HW & Excel problem due at beginning of class) Week 14 Course Wrap – up March 3