ACCT 1030 - Managerial Accounting

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting

Assistant Dean: Brooke Miller, M.B.A.

4 Credit(s)
This course provides information for assisting the management of a business entity in making decisions and for evaluating the effectiveness of those decisions by developing a student’s understanding of managerial accounting principles. (TAG# OBU011) UG OBU011

4 Lecture Hour(s);

Required Prerequisite Course(s): Take ACCT 1010

College Wide Outcomes

College-Wide Learning Outcomes	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. Discuss the three broad functions of management.	Daily Homework- weeks 1-4; Exam – Weeks 1 - 4
2. Apply the three classes of manufacturing costs and differeniate between product and period costs.	Daily Homework-weeks 1-4; Exam–Weeks 3-4
3. Calculate cost of goods manufactured.	Daily Homework- weeks 5-7; Exam – Weeks 5 – 7
4. Explain the characteristics and purposes of cost accounting; demonstrate the flow of costs in job order and process cost accounting systems.	Daily Homework- weeks 5-7; Exam – Weeks 5 – 7
5. Differentiate between traditional costing and activity-based costing (ABC).	Daily Homework- weeks 7-9; Exam – Weeks 7 – 9
6. Demonstrate an understanding of cost behavior and differentiate between variable and fixed costs.	Daily Homework- weeks 7-9; Exam – Weeks 7 – 9
7. List the five components of cost-volume-profit analysis and demonstrate the use of this technique.	Daily Homework- weeks 7-9; Exam – Weeks 7 - 9
8. Discuss the components of and the benefits of budgeting.	Daily Homework- weeks 10-12; Exam – Weeks 10 - 12
9. Demonstrate knowledge of the concepts of budgetary control and the features of responsibility accounting.	Daily Homework- weeks 10-12 ; Exam – Weeks 10 - 12
10. Determine the advantages of using standard costs and of the use of variances.	Daily Homework- weeks 10-12; Exam – Weeks 10 - 12
11. Discuss the steps in management’s decision-making process and the concept of incremental analysis.	Daily Homework- weeks 13-14; Exam – Weeks 13 - 14
12. Demonstrate knowledge of the capital budgeting evaluation process and explain what inputs are used in capital budgeting.	Daily Homework- weeks 13-14; Exam – Weeks 13 - 14
13. Calculate cash payback, the net present value, and annual rate of return methods of evaluating investments.	Daily Homework- weeks 15-16; Exam – Weeks –15-16
14. Apply basic financial statement analysis tools, including financial ratios, to analyze a company.	Daily Homework- weeks 15-16; Exam – Weeks 15 - 16

Topics:

Managerial Accounting Basics and Costs Concepts – Weeks 1-4
Job Order Costing – Weeks 5-9
Process Costing – Weeks 5-9
Activity-Based Costing – Weeks 5-9
Cost-Volume-Profit – Weeks 5-9
Incremental Analysis – Weeks 5-9
Budgetary Planning – Weeks 10- 14
Budgetary Control and Responsibility Accounting – Weeks 10-14
Standard Costs – Weeks 10-14
Planning for Capital Investments – Weeks 10-14
Financial Statement Analysis – Weeks 15-16

Assignments:

Practice of course topics in class
Homework preparation for class
Exam

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link