THE UNIVERSITY OF TENNESSEE AT MARTIN

College of Business and Public Affairs

Department of Accounting, Finance, and Economics

Spring Semester-2004

 

BASIC INFORMATION

 

Course Number, Section, Semester: Accounting 202, Section 02

Course Title: Managerial Accounting for Decision Making

Credit and Contact Hours: 3, 3

Class Meets:  Monday and Wednesday (1:00-2:15 pm)  Be there.

Course Prerequisites and/or Co-requisites: Grade of C or better in Accounting 201

Instructor: Dr. Robert L. Putman, CPA

Office Location: 229B Business Administration Building

Office Telephone: (731) 587-7305 Home Telephone: (731) 352-5797

E-Mail: bputman@utm.edu  FAX: (731)587-7231

URL Address: http://www.utm.edu/~bputman

Office Hours: M,W,F 9:00-11:00; M 2:15-3:45; W 2:15-4:45; Other hours by appointment

Text and Required Materials: Fundamental Managerial Accounting Concepts, 3rd Ed.  Edmonds/Edmonds/Tsay/Olds. Study Guide is recommended for use with course. 

 

COURSE PURPOSE, GOALS, AND OBJECTIVES

 

Course Description: This is an introductory accounting course dealing with the theory and practice of managerial accounting.

 

Course Objectives:

 

1. To acquaint the student with the use of accounting methodologies, terminology, concepts, principles, and practice used to solve business problems.  The emphasis is on the internal use of these tools.

 

2. To develop the student’s ability to analyze and process accounting data through to the end result of solving business problems and making relevant decisions.

 

3. To aid the student in developing an appreciation of the usefulness and limitations of financial statements prepared in accordance with generally accepted accounting principles (GAAP) used to help solve internal  managerial problems.

 

4. To prepare students for further study in other business and non-business courses.

 

Student Outcomes:

 

After completion of this course the student should be able to–

 

1. recognize and understand tools used by managerial accountants to define problems, identify available alternatives, and to make appropriate decisions that produce acceptable outcomes; 

 

2. understand variations of financial information used by managerial accountants in order to more adequately define business related problems and produce better business decisions by management;

 

3. have a general understanding of various internally generated formats of financial statements that provide relevant information for management decision-making purposes;

 

4. understand the concepts of organization control and budgeting (including capital budgeting) and how budgeting provides management an excellent control tool; and

 

5. understand how non-financial measures of performance fit into the control process. 

 

Relationship to General Education and/or Major Field Goals:

 

General Education:

 

     Accounting is primarily a quantitative and analytical process. Accordingly, it should not be difficult for the student to see the relationship of doing well in accounting and doing well in general education courses such as math and physics. But accounting is more than quantitative processes. A recent survey of accounting professionals indicates that good communication skills are among the most important attributes of graduating student prospects. Accounting is the language of business. Thus, English, Speech, and other communication skills courses are important to the student in accounting classes. Social skills are necessary for success in today’s global environment no matter what career one pursues. In the study of accounting we not only investigate the systems of internal control and accountability, but we also work closely with personnel who are to be important components of these systems. This requires study in the social science and human relations areas. Also, ethics and studies on ethical behavior allow us to differentiate right from wrong in the business world and also in each of our own personal worlds. These are just a few examples of how your study in this accounting course should relate to general education courses you are required to take; either prior to taking this course, concurrently with taking this course, or at some point in your academic studies.

 

Major Field Goals:

 

     This course is a continuation of your study in accounting at he collegiate level. Accordingly, if one is majoring in accounting, one needs to do well in this course. Some studies (Accounting Education Change Commission and Needles and Powers) have indicated that Accounting 201 is the most important course that the Accounting major will take during their course of study leading to the baccalaureate degree. Accounting 202 exposes the Accounting major to the uses of accounting information by managers in their quest for successful operations of businesses.  It also builds on principles learned in Accounting 201 by introducing the Accounting major to important adaptations of financial accounting principles that are used by management in problem solving constructs.

 

COURSE CONTENTS AND SCHEDULE

 

Week Ending         Subject                                     Written Assignment to be Turned In***Note 1

 

Jan. 16     Introduction; Course and syllabus discussion                              None

                Chapter 1: Accounting Information and                   Multiple Choice 1-10; AC 29;    

                                  Managerial Decisions                              31; 33; 34; 35; 37.

 

       23     Chapter 2: The Production Process and                  Multiple Choice 1-5; AC 25; 27; 

                                  Product (Service) Costing                       28; 34; 38; 46; 50; 52.

 

       30     Chapter 3: Product-Costing Measurement               Multiple Choice 1,2,4,5,6,7,10

                                   Decisions                                             AC 38; 39; 40; 47.

 

Feb   6     Chapter 4: Product Costing for Management           Multiple Choice 1,2,3,5,7,9

                                  Decisions: ABC and ABM                    AC 29; 31; 34. 

 

Feb.  11      Examination Chapters 1-4     

 

        20     Chapter 5: The Nature of Costs                             Multiple Choice 1,2,3,5,6,9,10

                                                                                              AC 33; 34; 35; 37;  

 

        27    Chapter 6: Cost Behavior and Decision Making:      Multiple Choice 1,2,3,4,5,6,7,8,9

                                  Cost-Volume-Profit Analysis                 AC 37; 53; 57; 60. 


Mar    5    Chapter 7: Accounting Information, Relevant            Multiple Choice 1,5,8,10

                                  Costs, and Decision Making                  AC 29; 30; 31; 34; 35.

 

         12   Chapter 8: Long-Term (Capital Investment )             Multiple Choice 1,2,3,4,6,8,9,10

                                 Decisions                                                AC 45; 46; 52.                                  

 

         15-19  Spring Break

 

         22    Examination Chapters 5-8                                                  

 

         31   Chapter 9: The Use of Budgets in Planning and         Multiple Choice 1,2,3,5,6,8

                                 Decision Making                                     AC 37; 39; 41; 48; 49; 51. 

 

Apr.   9    Chapter 10: The Use of Budgets For Cost                Multiple Choice 1,3,4,5,6,8,10

                                   Control and Performance Evaluation     AC 37; 40; 55.

 

         16  Chapter 11: Other Tools for Cost Control and            Multiple Choice 1,2,3,5,6,7,10

                                   Performance Evaluation                          42; 54; 55.

 

          23  Chapter 12:  Nonfinancial Measures of                      Multiple Choice 1,2,3,4,5,6,7,10

                                    Performance                                         AC 36; 39; 41.

 

          28   Examination  Chapters 9-12

 

 May    3   Exam pass-back; review; wrap-up

 

 May      Final Exam (Comprehensive) 5:15 - 7:15 pm

 

***Note 1:  All homework, except multiple-choice and discussion type questions, must be worked on and turned in on computer generated spreadsheets.

 

COURSE REQUIREMENTS AND EXPECTATIONS

 

Grading Procedures:

 

Your grade in this course will be derived as follows:

 

          Three exams during the semester, dates indicated on the preceding

                 Tentative Schedule ....................................................................... 300 Points

          Comprehensive final exam.................................................................... 100    "           Participation*......................................................................................... 100    "

 

          Total points possible............................................................................. 500 Points

 

Letter grades will then be assigned as follows:

 

A: 450-500 points; B: 400-449 points; C:350-399 points; D: 300-349 points; F: Below 300 points

 

*Participation points will be allocated as follows: 60 - Assigned homework problems; 25 - Attendance; 15 -Class participation. Homework problems will be collected as announced (usually the class period immediately prior to the due date).  Problems initially turned in on time for which you receive an unsatisfactory (U) may be resubmitted for credit within one class period.  Problems turned in late (up to one class period) will earn you one-half credit. IMPORTANT! There will be no credit for homework turned in after the one class late deadline unless you have an acceptable excuse for such tardiness. All problems, except those for which only written answers are required must be prepared and submitted using computer spreadsheets.  If you must miss a class in which assignments are due, it is your responsibility to get those assignments to your instructor (either by sending them to class with a buddy or delivering them to my office). In emergency situations (contact your instructor for approval) the late assignment turn-in penalty will be waived.  Attendance points will be awarded as follows.  You will be allowed two unexcused absences during the semester without penalty.  Each additional absence will result in one point subtracted from the 25 total points allowed for the attendance points.  Class participation points will be awarded based upon your day-to-day contributions to classroom discussions and will include such things as working and presenting problems during class and asking questions on material presented in class.       

 

Class Policies:

 

Assignments: You are responsible for all material in chapters assigned in the text (unless specifically instructed otherwise), as well as all assigned exercises and problems. You are expected to have daily assignments completed on the due date. Expect to be called upon to present your solutions to the class, either verbally or on the board in front of the class. You are encouraged to do as many additional problems as you feel necessary for your understanding of the material. The Solutions Manual will be available in my office and you are encouraged to review your work and ask for help as needed.

 

Class Attendance: You are expected to attend all class sessions (and to be punctual and prepared). If you miss a class, it is your responsibility to find out what you missed in class and to understand the assignment you missed. IMPORTANT!! There will be no makeup exams in this course. If you miss a class in which an exam is scheduled due to an excused absence, your final exam score will count for the exam you missed. Be sure to inform your instructor in advance, if at all possible, on your reason for the absence. Do not just fail to show up for an exam and expect to have the final grade substitute for the missed exam. You must have your absence approved by the instructor in order to use your final exam score for a missed exam. To make this policy fair to all students who take exams at the scheduled time, I will substitute your final exam grade for the exam which you made your lowest score during the semester. Of course, if your final exam grade is lower than any of the other three exams, no substitution would be made. So you can see, a good grade on the final exam is a win-win situation.  Please keep this policy in mind throughout the semester and do not ask to take makeup exams regardless of your excuse.    

 

Academic Honesty: I am a strong supporter of academic honesty. Any cheating observed will result in an automatic zero for the exam or other assignment. Cheating on the final exam will result in an automatic F for the course. Calculators are permitted but may not be shared during exams. Please remember to bring your calculator with fresh batteries to each exam.

 

Important Dates:

 

January 16, 2004: Last day to add a course

 

March 12, 2004: Last day to drop a course with a grade of W unless special circumstances are involved

 

May 7, 2004: Final Exam (5:15 - 7:15 pm) Room to be assigned later   

 

Students With Disabilities:

 

     Any student eligible for and requesting academic accommodations due to a disability is requested to provide a letter of accommodation from P.A.C.E. or Student Academic Support Center within the first two weeks of the semester.