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ACCT 2102

This is an archive of the Common Course Outlines prior to fall 2011. The current Common Course Outlines can be found at
Credit Hours 3
Course Title Principles Of Accounting II: Managerial
Prerequisite(s) ACCT 2101 with an
Corequisite(s) None Specified
Catalog Description
This course is a study of the underlying theory and application of managerial accounting concepts. It emphasizes application and utilization of accounting principles in business entities. The areas of costs, business management, budgeting, cost reporting and control, as well as specialized internal reports, are covered.

Expected Educational Results
As a result of completing this course, the student will be able to:
1. Describe managerial accounting, distinguish the different costs for a manufacturing business, and demonstrate an understanding of the financial statements for a manufacturing business.
2. Account for product and period costs in a job order cost accounting system.
3. Distinguish between a traditional costing system and an activity based costing (ABC) system, allocate costs using ABC, and demonstrate an understanding of just in time processing.
4. Distinguish different costs by behavior and perform cost volume profit analysis.
5. Describe the budgeting process and prepare the operating and financial budgets.
6. Prepare a flexible budget and describe the features of a responsibility accounting system.
7. Describe the process of setting standard costs and calculate variances between standard costs and actual costs.
8. Describe the concept of incremental analysis and perform incremental analysis in a variety of situations.
9. Perform capital budgeting analysis using a variety of techniques.

General Education Outcomes
1. This course addresses the general education outcome relating to communications as follows:
a. Students develop their reading comprehension skills by reading the text, handout materials, tests, and examinations.
b. Students develop their listening skills through lecture and small group problem solving.
c. Students develop their reading and writing skills through the use of problems or assignments developed specifically to include writing across the curriculum in accounting courses.
d. Students develop and use computer skills through the use of internet assignments.
2. This course addresses the general education outcomes of mathematical concept usage and applying the scientific method as follows:
a. Students must apply mathematical concepts in the solution of problems designed to illustrate the accounting principle being taught.
b. Students apply the scientific method in the analysis, setup, and solution of the problems designed to illustrate the accounting principle being taught.

Course Content
1. Managerial accounting
2. Job order cost accounting
3. Activity based costing
4. Cost volume profit relationships
5. Budgetary planning
6. Budgetary control and responsibility accounting
7. Performance evaluation through standard costs
8. Incremental analysis
9. Capital budgeting

Assessment of Outcome Objectives
Tests, a final exam, and other graded assignments prepared by the individual instructor will be used to determine the course grade.
This course will be assessed every two years.  Common questions will become part of the final exam for the assessment semester.  These common questions will be the responsibility of the Accounting Course Committee.
Each accounting instructor will analyze the results of the final exam common questions for his/her course and make needed changes in his/her course.  A member of the Accounting Course Committee will summarize the results of the final exam common questions for all sections.  The summary of the results will be presented to the Accounting Course Committee for discussion.  The Chair of the Accounting Course Committee will discuss the summarized results with the Division Dean.

March 12, 2007

Last Revised: Aug. 19, 2011
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