MANAGERIAL ACCOUNTING  2402
 
 

 

 


Professor/Instructor                           David Loper                        Phone 903-675-6373

Office:        111T                             Hours: As posted               E-mail:  dloper@tvcc.edu

 

COURSE DESCRIPTION:

MANAGERIAL ACCOUNTING 2402

Prerequisite:  Accounting  2401

This is a study of principles as applied to partnerships and corporations; control accounting applied to departments and branches, manufacturing process and job order costs, budgetary control standard costs; income taxes, cost relationships, special analysis and reports, statement types and analysis used in decision-making .   Lab Fee: $20

 

LABORATORY AND FIELD WORK

ACCOUNTING LAB:

The Accounting lab is designed so that you may acquire help in areas in which you may be having trouble understanding.  Out of class tutors may be scheduled through the Special Services Department.  The answer book is to be used only at the Front Desk of the classroom.  DO NOT REMOVE PAGES FROM THE ANSWER BOOK.  Attendance in lab is required unless you have completed and turned in, or have checked-off, all assigned problems from the current chapter.

 

TEXTBOOK, SUPPLIES AND OTHER RESOURCES

REQUIRED TEXT:    Accounting, 21  Edition , by Warren Reeve, and Fess  Southwestern Publishing Company ,  Dallas, Texas.  The Workbook to accompany text is the same author, edition, and publisher.  Materials for the class can be purchased in the TVCC Bookstore on the campus that you attend.   If you live elsewhere you may use your credit card and purchase the textbook and materials and they will be shipped to you.

 

COURSE GOALS:

1.  To develop marketable skills in Accounting and related clerical activities.

2.  To acquire an understanding of Accounting principles and terminology.

3.  To develop desirable work habits and attitudes needed for success in business.

4.  To understand how the basic principles of Accounting may be applied to personal and business use activities.

5.  To contribute to general education an understanding of common economic concepts and the language of

     business.

6.  To appreciate the opportunities business offers in a free enterprise system.

 

REQUIREMENTS FOR ALL STUDENTS:

Complete all assigned readings and related homework.  Come to class prepared .   Bring appropriate and prescribed materials to class.  Perform at a 60% level or above on all tests.  Come to class all the time and on time.  Papers may be hand written if legible. Students are expected to demonstrate a mature attitude toward the subject matter and participate enthusiastically in class.  The specific performance objectives for this course are listed at the beginning of each chapter in the text.  These objectives state what is expected, in terms of student performance, for the material being studied.

 

INSTRUCTIONAL STRATEGIES:

 1.  Lecture presentation of principal points in the units being studied.

 2.  Questions by students and instructor

 3.  Discussion of relevant materials and ideas.

 4.  Review of chapter material by short practical problems solved during class.

 5.  Assigned problems are worked under teacher supervision.

 6.  Individual help and attention is given to each student when needed.

 7.  Evaluation of student solutions individually.

 8.  Overhead projector use in presentation of exercised, relevant material, assigned  and supplemental material.

 9. It should be advised that each should acquire a hand-held calculator capable of doing addition, subtraction,

      multiplication, and division  of up to eight digits.

10.  Occasionally guest speakers will be invited to present relevant ideas and topics.

 

 

EVALUATION/GRADING/ASSESSMENT POLICIES:

Your final grade for this course will be based on the following factors:

(1) Major test; (2) Workbook assignments; (3) Exercises; (4) Final Examination; (5) Internet Assignments

 

    (1) Major tests:  Several major tests will be given.  Most tests will be given in two parts.  One part is given during the lecture and one part is given during the lab.  If you can complete both parts during one period this is fine.  The tests will composed of Accounting terminology and preparation and completion of various accounting problems.  Hand-held calculators may be used on the tests and for the solutions of workbook problems and exercises. 

 

    (2) Workbook problems:  You will be assigned selected problems for each chapter to work and turn in.  A due date will be announced, and the completed problems will be due at the end of the lab period on that day.  Workbook problems will be accepted one class period after the test unless otherwise stated.

 

    (3)  Exercises:  Selected exercises from the book will be selected.  These are optional for you to work and must be completed on notebook paper.

 

    (4)  Final Examination:  The final exam will not be comprehensive as such.  It will be given on the material we are covering at the time of the end of the semester,  which is usually chapter 24.  There will be not make-up for the final exam.  If you miss it, it will be counted as "O".  The final exam will be given as shown on the final exam schedule.  The only exception will be if you provide me a signed letter from Dr. Huffstutler authorizing me to give your final exam at a time other that the regular scheduled time.  

 

Several major tests, including the final examination, will be administered.  The score on each test will be added together and divided by the total number of tests administered.  The result of the division will be the final average for the semester.  Other factors that have a positive influence on the grade will be attendance and attitude toward the course, response to questions and discussion, and promptness and degree of accuracy in preparing assigned problems.   In addition 2 (2) points will be added to the final average for completion of the assigned problems in the workbook and internet assignments.

 

MAKE-UP POLICY:

Students will be allowed to take ONE make-up test during the entire semester.  Students will be allowed to choose the test they would like to make-up.  This make-up test grade will be used to replace a low test score or to replace a "O" score received on a test missed.  Make-up test scores may not be substituted for the score on the FINAL exam.

 

 

STUDENT REQUIREMENTS:

All students are expected to :Complete all lessons.  Attain specific competencies as indicated on the course outline and schedule.  Do all assigned readings and related homework.  Come to class prepared..  Bring appropriate study materials to class.  Perform at the 60% or above level on all tests and assignments...  Come to class and be on time.  Papers may be hand written if legible.

 

ATTENDANCE AND BEHAVIOR:

Attendance policy is summarized as follows:  Class attendance is mandatory   Regular class attendance is essential for successful completion of the course and the earning of credit.  Class attendance will be recorded daily.  Class attendance will become a part of each student's permanent record.  Excessive absences are explained in the TVCC Catalog.  Instructors may drop students for excessive absences.  Students are expected to be in class on time. Excessive or frequent tardiness will cause the course grade to decrease.  All students are considered mature individuals by the faculty and staff.  Students will be required to conduct themselves with utmost consideration of the rights and property of others.  Any behavior on the part of a student that interrupts or impedes quality instruction shall not be permitted.  Unrelated talking and other chatter in class will not be tolerated.  Monopolizing class discussions to the detriment of other student's rights to enter into class discussion will not be tolerated.  It is expected that each student will respect the rights and opinions of other students.  Inappropriate behavior which continues after the instructor's reprimand will be dealt with by administration.  If an instructor deems an article of clothing unsafe or otherwise improper, the student will be dismissed to go home and change.  Radios, tapes, cell phones, pagers, CD players,  and other audio or video equipment are not permitted in the classroom at any time.  Horseplay will not be tolerated in the classroom or lab areas.  Obscene and profane language will not be tolerated.  Food and drink may not be taken into the labs or classrooms.  Smoking is not permitted in any building on the campus.  No weapons are allowed on school property.

 

OTHER INFORMATION:

No children and only approved guests are allowed to visit the class.

 

HOMEWORK PROBLEMS AND EXERCISES TO BE COMPLETED:

 

PROBLEMS                                CHAPTER

 

1-1A,  1-3A,  1-6A                               12

 

1A, 2A, 3A, 4A, 5A,  6A, 7A               13

 

1A, 2A, 3A, 4A, 5A, 6A,                      14

 

1A, 2A, 3A, 4-A                                   15

 

1A,  2A,  3A,  4A,  5A                          16

 

1A, 2A, 3A                                            17

 

1A,  2A,  3A,                                         18

 

1A, 2A,  3A,                                           19

 

1A,  2A,                                                  20

 

1A, 2A,                                                   22

 

1A,  2A,                                                  24

 

 

 

 

 

 

 

 

 

 

INTERNET ASSIGNMENT ONE:

 

STOCK PORTFOLLIO ASSIGNMENT:

 

INSTRUCTIONS FOR INTERNET ASSIGNMENT  ONE

 

Go to a financial site of your choice on the Internet and look up the symbols for the stocks listed on the Internet assignment on sheet.  You may also find the symbols in the Wall Street Journal

 

HOW TO SETUP YOU PORTFOLIO:

 

(1)    Go to Yahoo

(2)    Click on Finance –top right hand side of screen CLICK on REGISTER and

Follow the steps—It is free

(3)    When Registered---click on Sign In ---Give it your username and password.

(4)    Click on, Create Portfolio

(5)    Click on, Track a Symbol Watch List.

(6)    Give the Portfolio a name.    example  (Acct 2401 Financial)

(7)    In the Box type the, stock symbol, with a space after each symbol.

(8)    When completed click finished.

(9)    Top right hand side of the Yahoo Finance Screen, you will see the word Portfolios in bold print, click on the name of your portfolio.

     (10)Top right hand side of Yahoo screen will show your portfolio highlight and the    

             word edit next to it. Scroll down and see the Portfolio and the VIEWS to the

             left. The word BASIC will be highlighted.    

(11) Look for the words CREATE A NEW VIEW double click on it.

      (12) Step 1 Type in the Name of your Portfolio

 Step 2

  SELECTED VIEW FIELDS: Select the following:

Symbol

Name

Last Trade

52 Week hi and low

EPS

PE

Dividend a share

Dividend date

CLICK FININSHED

       (13) In the Portfolio Screen double click on your portfolio and see what it looks 

              like.

      (14) Highlight portfolio only—copy it – and paste it into word-- word perfect—or

                 Excel.

     (15) In Yahoo Finance there are many articles that tell why the stock market has

             gone up or down, Highlight, copy and paste ONE article.

     (16) Send both the Portfolio and the article to me as an attachment.

 

This portfolio is due once a week, so put your name and date of the week on it.

 

 

 

 

 

 

 

INTERNET ASSIGNMENT  (ONE)  MANAGERIAL ACCOUNTING

SELECTED  STOCKS TO LOOK UP ON THE INTERNET

 

Symbol                                                                                                                    52  WEEK                         NAME                              PRICE         P/E       HIGH        LOW

                           Alcoa Inc.

                             American Express

                             AT & T Corp

                             Boeing Co.

                             Caterpillar Inc.

                             Chevron Corp.

                             Citigroup Inc.

                             Coca-Cola Co.

                             DuPont Co.

                             Eastman Kodak Co.

                             Exxon Mobil Corp.

                             General Electric Co.

                             General Motors Corp.                    

                             Goodyear Tire and Rubber Co.

                             Honeywell International Inc.

                             Hewlett-Packard Co.

                             International Business Machines Corp.

                             International Paper Co.

                             J.P. Morgan & Co.

                             Johnson & Johnson

                             McDonald’s Corp

                             Merck & Co.

                             Minnesota Mining &  Manufacturing Co.

                             Philip Morris Cos.

                             Procter & Gamble Co.

                             Sears, Roebuck & Co.

                             Union Carbide Corp.

                             United Technologies Corp.

                             Wall-Mart Stores Inc.

                             Walt Disney Co.

                            

CHECK THESE STOCK PRICES  ONCE EVERY WEEK OVER THE NEXT 15 WEEKS FOR A TOTAL OF FIFTEEN TIMES.  PLEASE CHECK THEIR PRICES AND NOTE CHANGES IN PRICE AND FIND AN ARTICLE (each week) IN THE PAPER OR ON THE INTERNET THAT TELLS WHY THE PRICES HAVE GONE UP OR DOWN.  ATTACH THE ARTILCE TO THE BACK OF THIS PRICE QUOTE SHEET.

 

NOTE PLEASE BUILD A STOCK PORTFOLIO WITH THE ABOVE LISTED STOCKS IN YAHOO OR SOME OTHER FINANCIAL SITE AND SUBMIT THE FOLLOWING ONCE A WEEK TO ME IN CLASS OR BY EMAIL.  THE PORTFOLIO SHOULD CONTAIN THE FOLLOWING:  SYMBOL, NAME OF STOCK, LAST TRADE, PRICE TO EARNINGS, 52 WEEK HIGH AND LOW, DIVIDEND  PER SHARE AND DIVIDEND DATE.