DESCRIPTION

An introduction to the use of accounting data within an organization to analyze and solve problems and to make planning and control decisions.

PREREQUISITES

ACC 201

COURSE OBJECTIVES

Accounting 202 introduces the student to commonly used costing and analysis techniques used by both managers and accountants. Modern techniques are introduced.

This is a decision-making course. Where do you get the information needed to make the decision? How do you organize the information? What do you do with the information? Is the accounting answer different from the quality answer? Why do we get eight different answers to the same question? Which is the "correct" one?

• Describe the basic differences between financial and managerial accounting.
• Explain the aims, functions, uses and influence of accounting in management decision-making.
• Identify and use key cost terms, concepts and classifications.
  
• Apply variable, fixed and mixed cost behavior concepts in preparing contribution margin format income statements.
  
• Use various performance evaluation methods.
• Analyze financial data for financial statement ratios, cost-volume-profit analysis, cash flow analysis, incremental analysis techniques and budgeting.
• Explain the master budget process and be able to prepare the budgeted income statement with its supporting budgets and the cash budget with its supporting schedules.
• Identify capital budgeting techniques and be able to analyze alternative capital project investments.
  
  

General Education Competencies to be Evaluated:

1. Communicate Effectively
   1. Read and listen with comprehension. Evaluated through tests
   2. Speak and write clearly using standard English. Evaluated through tests and group work
   3. Interact cooperatively with others using both verbal and non-verbal means.
2. Think Critically
   1. Demonstrate problem solving through interpreting, analyzing, summarizing, and/or integrating a variety of materials. Evaluated through in-class work, tests & homework
   2. Use mathematics to organize, analyze, and synthesize data to solve a problem. Evaluated through tests

      USP STATEMENT

      This course is the second course in accounting, and is required for all Bus Tech option degrees. This course is also required for four-year accounting programs. This course is transferable to Murray, Western, UK and most other four-year schools. For specific transferability questions, please contact the school that you will be attending.

      Accounting 201 teaches the fundamentals of external financial reporting. Accounting 202 teaches the fundamentals of internal reporting and decision-making with an emphasis on decision-making. The Accounting option follows with tax, systems, intermediate and cost.

      MATERIALS AND TEXTS

      Fundamental Managerial Accounting Concepts, ISBN-10: 0-07-352679-7, ISBN-13:978-0-07-352679-9 Edmonds, Fourth Edition, McGraw-Hill, 2008. You might want the working papers for this course. Students say that it gives them a clue on where to begin solving the problems....but, it's your choice, except for foo-foo paper. Please, ask.

      
      
      

      METHODS

      As you have noticed in your other classes, the trend is towards fewer lectures, active learning assignments, collaborative learning, critical thinking and writing assignments. In class, we will see demonstrations, solve problems and participate in group related projects.

      EXAMS

      There will be three exams. There will be definitional questions, problems, and short-answer type questions on each exam. Before you take the in-class exams, please take the practice exams on the textbook web site. See the inside cover of your textbook for the web site address. You will turn in nine (9) of these quizzes for 90 points towards your total grade.

      MISSED EXAMS

      You MUST take all exams at their regularly scheduled times. Exam dates will NOT change, thus you should know about, and be able to arrange in advance for the exams. If you miss an exam FOR ANY REASON, THE GRADE ON YOUR FINAL WILL COUNT AS YOUR MISSING EXAM. If you take ALL THREE exams, and earn a higher grade on the final, I will substitute your (HIGHER) final exam grade for your lowest test score.

      TO CLARIFY: I do not drop one exam, and replace it with a higher test grade. If you miss an exam, the grade of the final will be substituted.... therefore, the final is mandatory. If you score higher on the final, and you took all midterms, I will drop your lowest grade and replace it with the final grade. You may not miss or skip the final. You would have zero points entered for the final if you miss it.

      HOMEWORK AND PROJECTS

      All homework and projects MUST BE TURNED IN.

      CLASS DECORUM: CELL PHONES ringing in class will result in a immediate pop-quiz. use the vibrator.

      WITHDRAWAL

      I will discourage you from dropping if, in my opinion, you are doing o.k. in the course. You may withdraw up to Dec 5.

      ATTENDANCE

      Is required to learn accounting. I want you in class. However, you will be treated as adults. No formal draconian structure penalizes absences. The penalty is (usually) poorer performance on exams.

      INCOMPLETES: No need to ask! I will offer you one when I visit you in intensive care.

      TUTORS

      There is a tutor available for appointments at the LRC. I encourage you to use this resource. If you wish a referral, please ask me for one.

      WRITING ACROSS THE CURRICULUM

      "All faculty are expected to call attention to and penalize for errors in English usage and require the rewriting of papers which do not meet acceptable standards." (CCS Rules, Section V, 2.32)

      DISABILITY STATEMENT

      "Students with documented disabilities that require individualized accommodations should do two things: contact the Disability Resource Coordinator at their Home College and inform their instructors. Once the student has contacted the Disability Resource Coordinator at the Home College, that Coordinator will communicate with the student's instructors and/or the Disability Resource Coordinator at the Delivering College in order to coordinate and/or provide reasonable and appropriate accommodations to the student."
      (phone 270-824-1708, or email valerie.wolfe@kctcs.edu)

      
      
      

      GRADING

      Event	Total Points	My Points
      Exam 1 Chapters 1 - 3	100
      Exam 2 Chapters 4 - 7	100
      Exam 3 Chapters 8 - 12	100
      Homework Chapters 1-12	120
      Online Quizzes (Complete 8 out of 12 available.)	80
      Totals	500

      
      

      450 - 500	A
      400 - 449	B
      350 - 399	C
      300 - 349	D
      below 300	E

      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      

      202 ACC - Schedule and Assignments

      NOTE: The following assignments are tentative, please be a little flexible concerning exact assignments. Although I reserve the right to change the syllabus to fit the needs of the class, I will make every attempt to NOT change the exam dates. Please arrange in advance to attend tests on the specified dates. Some of these exercises will take only 2 minutes and 20 seconds....others may take as long as an hour. I have tried to maintain some balance of time within each test period.
      
      ALL ASSIGNMENTS ARE "A" , E = EXCEL ASSIGNMENT