NORTH CENTRAL TEXAS COLLEGE COURSE SYLLABUS

 

The North Central Texas College (NCTC) Course Syllabus provides the following as required by the Texas Higher Education Coordinating Board (THECB): (1) a brief description of the course including each major course requirement, assignment and examination; (2) the learning objectives for the course; (3) a general description of the subject matter of each lecture or discussion; and (4) any required or recommended readings.  Contact information for the instructor is also provided. The Course Syllabus also provides institutional information to indicate how this course supports NCTC’s purpose and mission.

 

Course Title:  Principles of Accounting II – Managerial Accounting
Course Prefix & Number:  ACCT 2302	Section Numbers: 403	Term Code: Fall 2017
Semester Credit Hours:  3	Lecture Hours: 48	Lab Hours: 0
Office Hours:      M 1:00 – 5:00  TR 8:00 – 9:30; 11:00 – 12:30; after 3:30
Course Description (NCTC Catalog) This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation. 48 lecture hours
Course Prerequisite(s): Recommended prerequisite: MATH1314 and BCIS1305 or equivalent. Required prerequisite: ACCT 2301.
Course Type: x- Academic General Education Course (from Academic Course Guide Manual but not in NCTC Core) o - Academic NCTC Core Curriculum Course o - WECM Course

 

Name of Instructor:	Richard Merrill
Campus/Office Location:	Corinth, room # 205
Telephone Number:	940.498.6402   Cell: 214.773.6505
E-mail Address:	rmerrill@nctc.edu

 

Name of Chair/Coordinator:	Dr. Cherly Furdge
Office Location:	Corinth Campus
Telephone Number:	940-498.6238
E-mail Address:	cfurdge@nctc.edu

 

 

 

 

 

 

 

 

 

 

 

 

REQUIRED OR RECOMMENDED COURSE MATERIALS

 

REQUIRED: MyAccountingLab with Pearson eText:  Managerial Accounting, 5/E by Braun & Tietz.

To make your purchase, follow the instructions on the home page in Canvas.

 

A “Value” hard copy edition at a reduced price (called Print Offer by the publisher) is also available online at http://www.mypearsonstore.com/bookstore/new-myaccountinglab-print-offer-for-managerial-accounting-9780133451498?aid=48F158BB-77C7-45EF-97D2-0B063D04765E.

Scantron forms for test taking, pencil, paper, and calculator.

All course materials/books can also be purchased from the NCTC Bookstore.

 

   COURSE REQUIREMENTS, EVALUATION METHODS AND GRADING CRITERIA

# of Graded Course Elements	Graded Course Elements	Percentage or Points Values
13	Homework Assignments	130
4	Unit Exams (In-class; drop lowest)	300
1	Final Exam	100
	TOTAL POINTS AVAILABLE	530

 

GRADING POLICY:

Letter grades for this course will be assigned in accordance with NCTC standard grading policy. 

                A  90%-100%        D  60%-69%

                B   80%-89%          F   0-59%               

                C   70%-79%

 

INSTITUTIONAL LEARNING GOALS

 

o            A quality general education curriculum in all associate degree programs.

o            Quality freshman and sophomore level courses in arts and sciences which parallel the lower division offerings of four-year colleges and universities.

o            Quality technical programs leading directly to careers in semi-skilled and skilled occupations, and quality technical education programs up to two years in length leading to certificates and associate degrees.

o            Quality programs and services in support of adult literacy and basic skills development as a mean of workforce enhancement and expanding access to higher education.

 

PROGRAM PURPOSE STATEMENT

 

NCTC seeks to implement its goal of providing quality freshman and sophomore level courses in arts and sciences that parallel the lower division offerings of four-year colleges and universities by offering a coherent sequence of courses with appropriate breadth and depth to prepare students for transfer to a university.

 

DEPARTMENTAL PURPOSE STATEMENT

 

The accounting department will provide quality instruction in the fundamental principles of financial and managerial accounting to facilitate a student’s future academic and professional goals.

 

STUDENT LEARNING OUTCOMES

 

• Identify the role and scope of financial and managerial accounting and the use of accounting information in the decision making process of managers.
• Define operational and capital budgeting, and explain its role in planning, control, and decision - making.
• Prepare an operating budget, identify its major components, and explain the interrelationships among its various components.
• Explain methods of performance evaluation.
• Use appropriate financial information to make operational decisions.
• Demonstrate use of accounting data in the areas of product costing, cost behavior, cost control, and operational and capital budgeting for management decisions.

 

 

GENERAL DESCRIPTION OF SUBJECT MATTER FOR EACH LECTURE/DISCUSSION

Topic	General Description of Subject Matter
Introduction to Managerial Accounting	Background into the profession, IMA, ethical standards
Building blocks of Managerial Accounting	Basic terminology, value chain, and assembly of cost of goods manufactured statement
Job Costing	Concepts involved in assigning product cost in job-order environment
Activity-based Costing	Assignment of costs to objects through linkage with “activities”
Process Costing	Concepts involved in assigning product cost in process environment
Cost Behavior	Focus on fixed, mixed, and variable cost behaviors
Cost-volume-profit Analysis	Integration of revenue, costs, and units produced as predictive and control tool
Relevant costs for short-term decisions	Determination of costs that should be considered in decision making
The Master Budget	Basic budgeting techniques from sales through cash flows
Performance Evaluation	Discussion of decentralized environment, balanced score card
Standard Costs and Variances	Intro and discussion of standard costs for control and evaluation purposes
Capital Investment Decisions and TVM	Tools used to prioritize capital investment alternatives; rationing
Sustainability	What sustainability is, the business case for sustainability, the triple bottom line.

 

Last day to Withdraw	The last day to withdraw with a “W” is November 9, 2017.
Student Rights & Responsibilities	NCTC Board policy FLB (Local) Student Rights and Responsibilities states that each student shall be charged with notice and knowledge of the contents and provisions of the rules and regulations concerning student conduct.  These rules and regulations are published in the Student Handbook published in conjunction with the College Catalog.  All students shall obey the law, show respect for properly constituted authority, and observe correct standards of conduct.
Scholastic Integrity	Scholastic dishonesty shall constitute a violation of college rules and regulations and is punishable as prescribed by Board policies. Scholastic dishonesty shall include, but not be limited to cheating on a test, plagiarism, and collusion.

 

STUDENT SUPPORT SERVICES
Financial Aid, Scholarships, and Veterans Services	The Financial Aid Office is responsible for administering a variety of programs for students who need assistance in financing their education.  The first step for financial aid is to complete a FAFSA.  For more information, please visit the Financial Aid Office on your respective campus.

 

Disability Services (OSD)

The Office for Students with Disabilities (OSD) provides accommodations for students who have a documented disability.  A disability is anything that can interfere with learning, such as a learning disability, psychological challenge, physical illness or injury. Accommodations may include extra time on tests, tests in a distraction reduced environment, volunteer note taker in class, etc.

On the Corinth Campus, go to room 170 or call 940-498-6207. On the Gainesville Campus, go to room 110 in the Administration (100) Building or call 940-668-4209.  Students on the Bowie, Graham, Flower Mound, and online campuses should call 940-668-4209 to arrange for an intake appointment with OSD.

North Central Texas College is on record as being committed to both the spirit and letter of federal equal opportunity legislation, including the Americans with Disabilities Act (ADA) of 1990, ADA Amendments Act of 2009, and Section 504 of the Rehabilitation Act of 1973 (P.L. 93-112).

http://www.nctc.edu/StudentServices/SupportServices/Disabilityservices.aspx

 

Early Alert and CARES        The NCTC Early Alert program has been established to assist students who are at risk of failing or withdrawing from a course. Your instructor may refer you to this program if you are missing assignments, failing tests, excessively absent, or have personal circumstances impacting your academic performance. If submitted as an Early Alert you will be notified via your NCTC e-mail address and then contacted by a Counseling and Testing advisor or counselor to discuss possible strategies for completing your course successfully.

The NCTC CARES (Campus Assessment Response Evaluation Services) Team addresses behavior which may be disruptive, harmful or pose a threat to to the health and safety of the NCTC community-such as stalking, harassment, physical or emotional abuse, violent or threatening behavior, or self-harm. As a student, you have the ability to report concerning behavior which could impact your own safety or the safety of another NCTC student. Just click the NCTC CARES Team logo posted on MyNCTC, or send an e-mail toCARESTeam@nctc.edu.  As always, if you feel there is an immediate threat to your own safety or welfare (or to another student), please call 911 immediately.

 

Support Services                  Counseling and Testing staff offer a variety of services to current and prospective students, such as College 101, placement testing, academic advising and course registration, transfer assistance, and College Success seminars (Time Management, Study Skills, Test Anxiety, Choosing a Major, Learning Style Strategies, Career Exploration), and much more. http://www.nctc.edu/StudentServices/CounselingTesting.aspx

 

Student Success offers academic coaching, tutoring, including a Writing Center, a Math Lab, free 24/7 online tutoring through Grade Results and assist new students acclimate to college by providing computer lab services for prospective students.   First generation students can also participate in TRIO which offers specialized support services.

http://www.nctc.edu/StudentServices/SupportServices.aspx

 

Financial Aid offers financial resources for students that qualify, visit the financial aid offices for more information. http://www.nctc.edu/FInancialAidHome.aspx

 

 SCHOLASTIC INTEGRITY

Scholastic dishonesty shall include, but not be limited to cheating on a test, plagiarism, and collusion.  See Student Handbook “Student Rights & Responsibilities:  Student Conduct [FLB (LOCAL)]” #20 on page 175.

 

 

OTHER PERTINENT INFORMATION

 

• This class is taught and learned best by solving accounting problems. Every student is expected to be actively engaged in solving these problems throughout the course.
• All course work is available via the Internet through NCTC’s CANVAS Learning Management System. Access CANVAS at nctc.edu. And click on Canvas from the home page.  Please bookmark (save to favorites) this site.
• It is the student’s responsibility to check the course web-site and print out any required materials before class.
• Homework problems are assigned in myaccountinglab.com. Students can view assignment due dates in this site. All assignments are graded and must be completed on or before the due date.  All exams will be administered in class.

• No make-up exams will be given except at the discretion of the instructor with whom special arrangements must be made prior to the missed exam.
• Accounting is best learned by doing as many problems as possible.  There are problems in the study plan as well as pre and post-tests available for each chapter of the textbook in MyaccountingLab.com – these are not required but students are strongly encouraged to do as many questions as possible to help grasp the concepts taught in class. MyaccountingLab also contains Power Point presentations and topical video segments as additional resources.
• Students are responsible for keeping track of their own grades.  Grades for each assignment will be posted in CANVAS.  If you believe the grade posted is in error, please contact your instructor PROMPTLY.
•  It is the student’s responsibility to drop the class if desired.  The instructor will not drop the class for you.  You are required the fill out the required paperwork necessary to drop the class before the last drop date – November 9,  2017.
• The instructor reserves the right to change course assignments, grading policies, and assignment schedules at any time.
• Emails will be answered within 24 hours Monday through noon on Friday. After noon on Friday through Sunday, they will be answered not later than 8am on Monday.

 

Workforce Education Program Elements (SCANS Skills)

 

The Secretary’s Commission on Achieving Necessary Skills (SCANS) conducted extensive research and interviews and determined that “workplace know-how” consists of two elements:  foundations skills and workplace competencies.  Upon successful completion of the courses in this program, students will have demonstrated the following competencies: 

 

• Foundation Skills

 

• Basic Skills: A worker must (i) read, (ii)write, (iii) perform arithmetic and mathematical operations, (iv) listen, and (v) speak effectively.

 

• Thinking Skills: A worker must (i) think creatively, (ii) make decisions, (iii) solve problems, (iv) visualize, (v) know how to learn, and (vi) reason effectively.

 

• Personal Qualities: A worker must display (i) responsibility, (ii) self-esteem, (iii) sociability, (iv) self-management, (v) integrity, and (vi) honesty.

 

 

• Workplace Competencies

 

• Resources: A worker must identify, organize, plan, and allocate resources effectively.  This includes (i) time, (ii) money, (iii) material and facilities, and (iv) human resources.

 

• Interpersonal Skills: A worker must work with others effectively to (i) participate as a member of a team, (ii) teach others new skills, (iii) serve clients/customers, (iv) exercise leadership, (v) negotiate, and (vi) work with diversity.

 

• Information: A worker must be able to (i) acquire and use information, (ii) organize and maintain information, (iii) interpret and communicate information and (iv) use computers to process information.

 

• Systems: A worker must understand complex interrelationships as in (i) understanding systems, (ii) monitor and correct performance, and (iii) improve and design systems.

 

• Technology: A worker must be able to work with a variety of technologies, e.g. (i) select technology, (ii) apply technology, and (iii) maintain and troubleshoot equipment.