ACCT 1030 - Managerial Accounting

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting (01201)

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) Undergraduate OBU011

4 Lecture Hour(s);

Required Prerequisite Course(s): Take ACCT 1010

Required Concurrent Course(s): None

Required as Prerequisite or Concurrent Course(s): None

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
Discuss the three broad functions of management.	Daily Homework- First half of the term Exam – First half of the term
Apply the three classes of manufacturing costs and differentiate between product and period costs.	Daily Homework- First half of the term Exam– First half of the term
Calculate cost of goods manufactured.	Daily Homework- First half of the term Exam – First half of the term
Explain the characteristics and purposes of cost accounting; demonstrate the flow of costs in job order and process cost accounting systems.	Daily Homework- First half of the term Exam – First half of the term
Differentiate between traditional costing and activity-based costing (ABC).	Daily Homework- Middle of the term Exam – Middle of the term
Demonstrate an understanding of cost behavior and differentiate between variable and fixed costs.	Daily Homework- Middle of the term Exam – Middle of the term
List the five components of cost-volume-profit analysis and demonstrate the use of this technique.	Daily Homework- Middle of the term Exam – Middle of the term
Discuss the components of and the benefits of budgeting.	Daily Homework- Second half of the term Exam – Second half of the term
Demonstrate knowledge of the concepts of budgetary control and the features of responsibility accounting.	Daily Homework- Second half of the term Exam – Second half of the term
Determine the advantages of using standard costs and of the use of variances.	Daily Homework- Second half of the term Exam – Second half of the term
Discuss the steps in management’s decision-making process and the concept of incremental analysis.	Daily Homework- Second half of the term Exam – Second half of the term
Demonstrate knowledge of the capital budgeting evaluation process and explain what inputs are used in capital budgeting.	Daily Homework- Second half of the term Exam – Second half of the term
Calculate cash payback, the net present value, and annual rate of return methods of evaluating investments.	Daily Homework- Second half of the term Exam – Second half of the term
Apply basic financial statement analysis tools, including financial ratios, to analyze a company.	Daily Homework- Second half of the term Exam – Second half of the term

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.

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Standard NCSC Course Policies
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