ACCT 2101—Introductory Managerial Accounting

Java Python Syllabus

ACCT 2101, version 3.0

Effective: September 2021

ACCT 2101—Introductory Managerial Accounting

Course Description: Principles and methods of accounting primarily concerned with data  gathering and presentation for purposes of internal management evaluation and decision- making.

Nature and Purpose of the Course

This course will introduce you to the principles and methods of managerial accounting, which is primarily concerned with data gathering and presentation for purposes of internal management evaluation and decision making.

The prerequisite for Accounting 2101 is the successful completion of Accounting 2000 or 2001 or equivalent. You will need to apply many practical concepts learned in those courses, including debits and credits, account analysis, and schedule preparation. It may prove useful to have a financial accounting textbook accessible for reference.

Upon completion of this course, you will have the basic understanding of the kinds of information available to assist managers in their decision making. You will also be able to prepare and interpret common reports and schedules.

The broad objectives of this managerial accounting course are listed below:

•    The determination of cost structure and its impact on pricing decisions (Chapters 1, 2, 4, and 8)

•    The development of techniques for evaluating alternative courses of action and decision making (Chapters 5, 6, 7, and 12)

•    The development of planning skills and techniques and to provide tools for evaluation of results (Chapters 9, 10, and 11)

Working with the Course Materials

Remember, this course covers an entire semester of work or the equivalent of a classroom course lasting 15 weeks. That means that each module in this course equals nearly a week of course work and will require the same time and effort on your part. Do not expect to complete each module in a single study session. Understand, too, that if you choose to submit assignments at a very high pace, your instructor may not be able to grade your work at the same rate.

Moodle

Always begin by logging in to our Moodle course site. The course is divided into 12 modules. Each module contains an introduction and descriptions of the elements you will need to use on the WileyPLUS site. It is important to read the Module Material located in the Module

Introduction carefully in order to successfully complete your work. Its purpose is to give you a  brief overview of the material you are about to study.  After reading the Moodle introduction,  you will utilize study resources and complete your graded assignment in WileyPLUS. Once you complete your graded assignment on the WileyPLUS site, it is imperative that you return to

Moodle and verify completion of that module’s assignment.

The course exams will also be administered through Moodle. Please see the “Taking Your Examinations” section of this syllabus for more details on the exam procedures.

WileyPLUS

The first time you log on to the Moodle course site, you will need to read the instructions for

creating your WileyPLUS account in the “Getting Started” module. Most of the course activities, including the online text, tutorials, and graded assignments, are conducted in WileyPLUS.

Reading Assignments

There are two ways for you to access your reading assignment. You may use the hard copy text or you may read a ditigal version of the textbook on WileyPLUS. A ditigal version is available in WileyPLUS or can be purchased as a separate downloable e-book.

Recommended Activities

There are several recommended activities in WileyPLUS to aid in your studying for each

module. These resources are located under the Modules tab in WileyPLUS.  A checklist has

been provided for each module and includes a list of available/recommended resources.   The resources available include lecture presentation videos, powerpoint presentations, study

guides, accounting skill videos, example problem videos, and practice problems. Additionally,

students may use Adaptive Practice, a database of multiple choice practice questions. Adaptive Practice is also accessed through the modules tab in WileyPLUS.  As the exams consist of

multiple choice questions, this tool can provide invaluable assistance in exam preparation.

These resources are highly recommended as study aids, but they are not required. They may be viewed unlimited times throughout the course.

Graded Assignments

After studying each module, you are to complete the Graded Assignment for that module in

WileyPLUS. The assignment is labeled by module number under the Modules tab in WileyPLUS.

The assignments include a variety of exercises from each chapter. Your response to each

exercise and problem should be well-researched and completed to the best of your ability. For each exercise, you are allowed 3 attempts. When each attempt is used, it will reveal the

portions of the answer which you completed correctly. You will be allowed to change the

incorrect portions on attempts 2 and 3. The third attempt is your final submission. After this attempt, you will see a link that will allow you to view the solution for the problem.

The graded assignments may be completed in multiple sessions within WileyPLUS. On any

exercise, you may save your work without using an attempt. This is recommended if you spend considerable time on any exercise without submitting to avoid a timeout by the website.

Once you have completed the graded assignment in WileyPLUS, return to the appropriate module in Moodle to verify that you have submitted the graded assignment. The assignment will not be entered into the grade book if you do not verify submission in Moodle.

Working with the Textbook

Whether you are using the online version or  ACCT 2101—Introductory Managerial Accounting hard copy of the text, it is a good idea to

familiarize yourself with the setup of the textbook by looking through it and noting specific

features designed to facilitate learning. You will find the following features particularly helpful with this course:

Learning Objectives

Each chapter is broken down into multiple learning objectives. These are labeled in the left

margin of the textbook. It is a good idea to note these as you read the chapter and ensure that you are mastering the key concepts listed.

End of Chapter Resources

At the end of each chapter, between the body of the text material and the homework materials, are several features useful for review.

Learning Objectives Review summarizes the main points of the chapter.

Practice Problem gives students another opportunity to see a detailed solution to a representative problem before they do homework assignments.

Suggested Study Techniques

1.   Carefully review the module objectives to help you focus on the information that will be covered on the exams.

2.   Concentrate on the reading assignments, the module lecture material, and any

additional resources provided. This review should include a detailed examination of any illustrative problems and examples. After an assignment has been completed, a rapid re-reading of the related text and other materials is strongly recommended.

3.   Put yourself on a definite schedule. Set aside a certain block of hours per day or week for this course and work in a place where distractions are minimal.

4.   Try to submit one assignment each week or at least every two weeks. Delays in

submitting assignments usually result in lagging interest and the inability to complete the course.

5.   Review your module assignments after they have been graded, paying special attention to any instructor feedback provided.

6.   Regardless of how you complete your graded assignments, keep in mind that module completion should not be your sole preparation for your exams. As with any college course, you should study for your exams.

Reading Assignments

To do well in this course, it is essential that you read and study the course materials that

precede the module assignment. Do not begin the module assignment until you have done so.

For each type of assignment you prepare for this course, follow carefully the guidelines provided in the textbook and this course website.

You will read an average of 25 pages per module. Specific reading assignments will be given in each module.

Topic Outline

This course covers the following specific topics:

Module Topic

01         Introduction to Managerial Accounting

02         Job Order Costing

03         Activity-Based Costing

04         Cost-Volume-Profit Relationships

05         Cost-Volume-Profit Additional Issues

Mid-Course Examination

06         Incremental Analysis

07         Pricing

08         Budgetary Planning

09         Budgetary Control and Responsibility Accounting

10         Performance Evaluation through Standard Costs

11         Time Value of Money (Present and Future Values)

12         Capital Budgeting

Final Examination

Module Assignments

Each completed module assignment is worth 10 points. Each completed module assignment will receive a point value. The module assignments are graded in WileyPLUS. The points for   each module are prorated between the exercises in the module assignment. Partial credit is   given for all correct parts within an exercise.

Homework completion is primarily for your benefit and is the key to success in this course. If

you have difficulty with any aspect of this course, you may post a question in the forum section for the module.

It is highly recommended that you take the exams as you proceed in the course and do not

wait until after submission of all modules to begin taking the exams. Taking the exams in the proper order of the course will allow you to receive feedback on your progress before it is too late to make improvements in your study methods if needed.

Carefully study the textbook and recommended activities in WileyPLUS before you begin to prepare the graded module assignments. This study should include a detailed examination of the illustrative problems and examples, as well as the assigned reading. After an assignment   has been completed, a rapid re-reading of the related text and other materials is strongly recommended.

You should submit each module assignment as soon as it is completed. Some courses have

restrictions that require that a grade be received before you can submit additional

assignments. Specific information on assignment submission is included in the Module Instructions. Please be sure to follow these instructions.

Once you submit an assignment, you cannot revise it, so be sure to check your work. Your instructor will normally post a grade for your assignment within seven calendar days.

Understand that occasional delays will occur, such as during holidays and semester breaks or if you submit several module assignments within the same week.

Do not rely too heavily on your textbook or other resource material when preparing your

assignments. If you do, you may not realize until exam time that the perfect response you

prepared for an assignment was only possible because you referred to resource material

without really learning or understanding the material and concepts. Therefore, you should

attempt each assignment without referring to the resource material, and if you find it necessary to look up an answer, be sure you have actually learned the concept and material rather than  merely reflecting it in the answer