Everton University
1660 Chicago Avenue, N-1, Riverside, California 92507
Tel: 951.683.8300 Fax: 951.683.8301
COURSE DETAILS
Course
Course
Description
BUS513 - Managerial Accounting (3 Units)
This course analyzes the management structure and process in which this
information is generated, the construction and application of managerial
accounting data, cost behavior and cost assignment. Students will also
examine product cost within activity based costing, job order costing, and
process costing. Controlling cost through the use of standard cost system
and budgeting are explored. In addition, this course covers business
decision-making using relevant information from activity costing,
variable/fixed analysis, cost-volume-profit analysis, quality costing, and
productivity analysis. Students will analyze and evaluate managerial
accounting functions and decision cases in light of managing a business,
making financing decisions, and generating growth and income within the
business firm.
Course
Objectives
Upon completion of this course students will be able to:
 Identify and give examples of each of the three basic
manufacturing cost categories.
 Distinguish between product cost and period costs and give
examples of each.
 Analyze a mixed cost using a scatter graph plot and the high-low
method.
 Prepare income statements for a merchandising company using the
traditional and contribution formats
 Understand the differences between direct and indirect costs.
 Understand cost classifications used in making decisions:
differential costs, opportunity costs, and sunk costs
 Explain how changes in activity affect contribution margin and net
operating income
 Prepare and interpret a cost-volume-profit (CVP) graph and a
profit graph
 Use the contribution margin ratio (CM ratio) to compute changes
in contribution margin and net operating income resulting from
changes in sales volume.
 Show the effects on net operating income of changes in variable
costs, fixed costs, selling price, and volume
 Determine the level of sales needed to achieve a desired target
profit.
 Determine the break-even point.
 Compute the margin of safety and explain its significance.
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Compute the degree of operating leverage at a particular level of
sales and explain how it can be used to predict changes in net
operating income.
Compute the break-even point for a multiproduct company and
explain the effects of shifts in the sales mix on contribution margin
and the break-even point
Compute a predetermined overhead rate
Apply overhead cost to jobs using a predetermined overhead rate
Compute the total cost and average cost per unit of a job
Compute under applied or over applied overhead cost
Use the direct method to determine cost of goods sold
Use the indirect method to determine cost of goods sold
Explain how variable costing differs from absorption costing and
compute unit product costs under each method.
Prepare income statements using both variable and absorption
costing.
Reconcile variable costing and absorption costing net operating
incomes and explain why the two amounts differ.
Prepare a segmented income statement that differentiates traceable
fixed costs from common fixed costs and use it to make decisions.
Assign costs to cost pools using a first-stage allocation
Compute activity rates for cost pools
Assign costs to a cost object using a second-stage allocation
Use activity-based costing to compute product and customer
margins
Identify relevant and irrelevant costs and benefits in a decision
Prepare an analysis showing whether a product line or other
business segment should be added or dropped
Prepare a make or buy analysis
Prepare an analysis showing whether a special order should be
accepted
Determine the most profitable use of a constrained resource
Determine the value of obtaining more of the constrained resource
Prepare an analysis showing whether joint products should be sold
at the split-off point or processed further
Evaluate the acceptability of an investment project using the net
present value method
Evaluate the acceptability of an investment project using the
internal rate of return method
Evaluate an investment project that has uncertain cash flows
Rank investment projects in order of preference
Determine the payback period for an investment
Compute the simple rate of return for an investment
Understand why organizations budget and the processes they use
to create budgets
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Prepare a sales budget, including a schedule of expected cash
collections
Prepare a production budget
Prepare a direct materials budget, including a schedule of expected
cash disbursements for purchases of materials
Prepare a direct labor budget
Prepare a manufacturing overhead budget
Prepare a selling and administrative expense budget
Prepare a cash budget
Prepare a budgeted income statement
Prepare a budgeted balance sheet
Prepare a flexible budget
Prepare a report showing activity variances
Prepare a report showing revenue and spending variances
Prepare a performance report that combines activity variances and
revenue and spending variances
Prepare a flexible budget with more than one cost driver
Understand common errors made in preparing performance reports
based on budgets and actual results
Compute the direct materials quantity and price variances and
explain their significance
Compute the direct labor efficiency and rate variances and explain
their significance.
Compute the variable manufacturing overhead efficiency and rate
variances and explain their significance
Compute return on investment (ROI) and show how changes in
sales, expenses, and assets affect ROI
Compute residual income and understand its strengths and
weaknesses
Compute delivery cycle time, throughput time, and manufacturing
cycle efficiency (MCE)
Understand how to construct and use a balanced scorecard
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Instructional
Delivery On
Line
This course is web-based. Access to a computer and reliable Internet
connection is essential. Students are expected to have an email account
and check this account daily. Students are expected to access the course
module, complete assigned lessons, and participate in class activities’,
such as; forums, chat, on-line discussions video conferencing, (once a
week) and complete and submit any assignments using a computer on a
[weekly] basis. Failure to do so will result in lower grades. Difficulty
accessing course materials will not be an acceptable excuse for
incomplete work. Personal accountability and self-discipline are expected
in any online learning environment.
Method of Instruction used to achieve student learning outcomes may
include but not limited to:
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9.
Instructional
Delivery On
Campus
Required
Textbooks
Lecture
Reading
PowerPoint presentations
Special online guest lectures
Course exercises
Quizzes
Video conferencing
Forums
Chats
Instruction will consist of lectures, reading assignments, class discussions,
and handouts. Classroom questions and discussions are strongly
encouraged. Other instructional techniques may also be employed i.e.
audio-visual presentations, speakers, critical thinking exercises and group
activities.
 Each class will have a lecture on the assigned chapters. Students
are expected to read the material prior to the class.
 The instructor will demonstrate problems and case studies in class.
 Students may work alone or in groups to do assigned problems in
class.
Authors: Noreen, Eric; Brewer, Peter; Garrison, Ray
Title: Managerial Accounting for Managers
Edition: 3th; Copyright: 2014
Publisher: McGraw-Hill Higher Education
ISBN: 9780078025426
*Note: Instructor needs to check to ensure course uses latest edition.
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INSTRUCTOR CONTACT INFORMATION
Instructor:
Instructor Tel
______________
(310) 555-5555 Email:
____________
Class days
Instructor
Availability
_______________________ Time _________________________
I am available 15 min before and after class and during breaks. It is possible
to reach me by email at any time, as I regularly check my messages and
your query will be responded ASAP. You may contact me at my local
phone to schedule a meeting outside of office hours. Additional office hours
will be announced.
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COURSE POLICIES
Subject to Change
Attendance Policy
Participation Policy
Academic Integrity
The instructor reserves the right to change or modify any or the
entire syllabus and will notify students of any changes.
Please make every attempt to be in class during all sessions. Regular
and punctual attendance, as well as active student participation, is an
important part of a student's education. Attendance is strictly
monitored. All missed assignments and/or additional assignments
must be completed according to professors' guidelines. Students may
not miss more than 75% of class sessions. Three (3) consecutive
absences require formal notice.
Each student is expected to be an active participant in daily class
discussions. Your class participation grade will reflect the quality
and consistency of your contributions. Mere attendance does not
represent participation; frequent absences will severely impact your
participation grade.
Each student must do his/her own work. Copying assignments will
be considered cheating and all parties will be penalized. Please do
not wait until the last minute to do your assignments. I encourage
students to discuss their class work and assignments together. You
learn a lot from your peers since you go through the same learning
process. However, after the discussion, each of you should work on
your own assignments independently from scratch. One learns by
doing not by working together to print two copies, this is not
learning.
If any part of an assignment represents the words and ideas of others,
you must cite those sources. Academic dishonesty includes, but is
not limited to:
 Asking a tutor or friend to complete a portion of your
assignments.
 Hiring a reviewer to make extensive revisions to your
assignments.
 Submitting work originally submitted by another student as
your own.
 Using information from online resources without properly
citing your source.
 Copying any portion of a word or idea from any other source
you do not cite.
Projects/Assignments Assignments will be announced in class and are due at the beginning
of class on the specified due date. No Late work will be
accepted. All assignments must be printed. All work must be turned
in on the due date, in class.
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ACADEMIC STANDARDS
Methods of
Evaluation
Grade System
Homework, case studies
Internet Exercises
Quizzes
Exercises
20%
20%
20%
40%
Total
100%
90100%
8089%
7079%
6069%
< 60%
=A
=D
The student exceeded expectations; worked above what
is required.
The student met all expectations as specified for the
class very well.
The student met minimum class requirements
satisfactorily.
The student met minimum requirements poorly.
=F
The student failed to meet minimum requirements.
=B
=C
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ACADEMIC SCHEDULE
Topic
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Activity
Chapter 1 - Managerial Accounting : An Overview
Chapter 2 - Managerial Accounting and Cost Concepts
Chapter 3 - Cost- Volume - Profit Relationships
Chapter 4 - Job-Order Costing
Chapter 5 - Variable Costing and Segment Reporting: Tools for
Management
Chapter 6 - Activity-Based-Costing: A Tool to Aid Decision Making
Chapter 7 - Differential Analysis: The Key to Decision Making
8.
Chapter 8 - Capital Budgeting Decisions
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Chapter 9 - Profit Planning
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Chapter 10 - Flexible Budgets and Performance Analysis
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Chapter 11 - Standard Costs and Variances
12.
Chapter 12 - Performance Measurement in Decentralized Organizations
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