Course Syllabus
Course: ACCT 2020
Division: Business and Applied Tech
Department: Business
Title: Managerial Accounting
Semester Approved: Fall 2021
Five-Year Review Semester: Summer 2026
End Semester: Summer 2027
Catalog Description: This course is a continuation of ACCT 2010 and includes the exploration of accounting concepts and techniques that are essential to the administration of a business. The course primarily focuses on internal management uses of accounting information in planning, budgeting, controlling, and decision-making in business operations.
Semesters Offered: TBA
Credit/Time Requirement: Credit: 3; Lecture: 3; Lab: 0
Prerequisites: ACCT 2010
Justification: This course teaches students the use of information in decision-making, planning, and control of a business unit. The course is required in the Associate of Science Business degree and is often a requirement for business degrees at other USHE schools.
Student Learning Outcomes:
Through instruction and hands-on experiences, the student will demonstrate managerial accounting (internal operations accounting) and will demonstrate the skills used in decision making, planning, and controlling a business unit. Students will prepare financial schedules and evaluate the information from given data. They will be tested on their ability to prepare and evaluate the schedules. Students will also demonstrate how to carefully analyze relevant information and decide a course of action best suited for the business. Emphasis is placed on consequences the decisions have on the organization's profits. Assessment of learning will be through exams, assignments, and/or classroom discussions. The instructor will evaluate and may provide written and/or verbal feedback.
Students will analyze cases of unethical behavior and will explore methods for correcting such behavior. Students will be tested on both recognition of unethical behavior and their application of methods for solving ethical problems. Assessment of student learning will be evaluated by the instructor through exams, responses to case study assignments, and/or participation during class discussions.
Students will demonstrate how the accounting function becomes an integral part of the organization's management processes. This includes team building, quality improvement, marketing, and productivity. Assessment of student learning will be through exams, case studies, and team projects.
Content:
Topics covered in this course include: Process Costing, Product Costing, Activity-Based Costing, Just-In-Time Operating, Operating Cost Behavior, Planning Tools for Budgetary Control, Budgetary Control Process and Standards, Short-Run Decisions, Capital Budgeting, Ethical Standards, Ethical Decision Making, and Total Quality Management.
Faculty are committed to inclusion and diversity as an essential element of any learning community. Students will be encouraged to share their diverse experiences and a wide variety of examples will be presented to help students see the global aspect of business.
Key Performance Indicators:
Assignments 15 to 35%
Examinations 65 to 75%
Participation 5 to 10%
Representative Text and/or Supplies:
Financial and Managerial Accounting, Warren/Reeve/Duchac, Cengage Learning (current edition)
Pedagogy Statement:
This class may be taught face-to-face or online. Content may be delivered through a variety of teaching methods including lectures (live or recorded), discussions, business simulations, case studies, and projects.
Faculty are committed to inclusion as an essential element of the learning environment. They will strive to foster an environment of inclusion, diversity, and respect for the differences that improve upon and are found in the classroom and business world.
Instructional Mediums:
Lecture
Online
Hybrid
Maximum Class Size: 40
Optimum Class Size: 30
