ECON 007 – Managerial Accounting: Syllabus

Course Description Managerial accounting is the field of accounting aimed at providing managers
with financial information to help them make decisions and maintain effective control of their
organizations. This course introduces the student to the internal accounting for business managers.

Course Learning Goal:

This course is concerned with the appropriate use of accounting data to assist in the planning and
control of the activities of enterprises and to measure the cost of their outputs. The course will
consider several subject areas: product costing and cost behaviors, budgeting and profit planning,
flexible budgets and performance analysis, cost control, capital budgeting decisions, and statement
analysis.

Student Learning Outcomes:

Students completing managerial accounting should:
1. Develop a basic understanding of managerial accounting concepts.
2. Understand how managerial accounting differs from financial accounting and the role of the
management accountant.
3. Be able to prepare reports and schedules used in the decision making process and understand
the general principles of the cash flow statement.
4. Gain an appreciation of managerial accounting as an evolving discipline and understand the
role of technology in gathering and organizing accounting information, and understand how
financial statement analysis can uncover important trends and relationships in financial
statements.
5. Understand how accounting information is used to make and communicate management
decisions needed to run the entity.

Program Learning Outcomes:

This course’s Goals and Learning Outcomes meet several of the 6 specific Economics Program
Learning outcomes as well as several of the 5 specific Management & Business Economics
Program Learning outcomes listed below. For a map of the specific PLOs that this course
satisfies, please refer to the Curriculum Maps:
1. ECONOMICS CLICK HERE
2. MANAGEMENT & BUSINESS ECONOMICS CLICK HERE
Economics’ Program Learning Outcomes:
1. Demonstrate an understanding of the role of organizations and institutions in a society, the
impact of organizations and institutions on the economic environment and outcomes, and
how incentives influence individual and organizational behavior and performance.
2. Recognize and describe how government actions affect economic performance and how
economic interests influence government decisions.
3. Design and conduct research that will inform managerial and policy decision-making,
including the collection, analysis, and interpretation of data using familiar software packages.
4. Define problems and identify multifaceted explanations for complex economic phenomena
by using information and data from multiple sources to answer the questions at hand.
5. Demonstrate critical thinking about the information encountered, whether it is in coursework
or reported in the media.
6. Communicate clearly and cogently in written and oral form using modern technology.
Management and Business Economics’ Program Learning Outcomes:
1. Analyze key data and solve problems related to business management.
2. Apply theories and concepts from disciplines in Management and Business Economics (e.g.
accounting, economics, statistics, finance, and marketing) to business management situations.
3. Use effective written and oral communication consistent with the discipline and professional
environments.
4. Apply information technology to develop business proposals, models, and reports, with
recommendations for economics and management strategies and actions.
5. Evaluate ethical, social and external issues as they relate to the organization, operations,
human resources and business ventures.

Come to class prepared for the exams. Bring Scantron 882, stapler, calculator, pens, pencils, paper,
erasers, etc. The exam questions include questions for discussion, problems and computations, and
multiple choice questions on Scantron 882.

Reference Text:
• Managerial Accounting 14th Edition. Garrison, Noreen and Brewer McGraw-Hill Irwin
Publishing. (2012). ISBN:9781308007311 with Connect Plus
• Connect PlusAccounting Card to accompany Managerial Accounting. McGraw-Hill Irwin
Publishing. ISBN: 9781308007311

Note: This is the access key to McGraw-Hill’s online homework managing software. You will need to
buy the access key. You can acquire the Connect Accounting Card from the UC Merced bookstore or
online.

Course presumes two hours minimum outside class work for every hour of instruction.

EVALUATION:

A 93% and up
A- 90% – below 93%
B+ 87% – below 90%
B 83% – below 87%
B- 80% – below 83%
C+ 77% – below 80%
C 73% – below 77%
C- 70% – below 73%
D+ 67% – below 70%
D 63% – below 67%
D- 60% – below 63%
F Below 60%

Grade Breakdown
Midterm 20%
Final 25%
Home Work/ Attendance 20%
Quizzes (four quizzes) 20%
Projects 15%
(1) MIDTERM EXAM, FINAL EXAM & QUIZZES
There will be one midterm, one final, and four quizzes in this semester. Everyone must plan to
attend the exams and quizzes as scheduled. Each exam and quizzes will be graded on the scale
0-100. PLEASE NOTE THAT NO MAKE-UP EXAMS WILL BE GIVEN. You must plan to attend
the tests at the time and place scheduled. No credit will be given to those persons involved in any
cheating. Please see UC Merced's Academic Integrity Policy for more details.

(2) TEAM PROJECTS

Team projects are an indispensable part of this course. Enrolling in this class mandates your
commitment to these projects. Since teamwork has been recognized as a critical component for
companies to compete effectively in today's highly dynamic and global business environment, it is
important for the class to learn how to work effectively with other people. Each member of this class
is required to join a project team of 5 persons. Each group must email its member list to me by
9/9/2015.
Our teamwork approach requires each individual work closely together with other members on the
same team and make contribution to the completion of each project.
EACH PROJECT REPORT MUST REPRESENT YOUR OWN GROUP’S EFFORT. COPYING
ANOTHER GROUP’S OUTPUT, IN ANY FORM, IS ABSOLUTELY PROHIBITED. FAILING
TO OBSERVE THIS RULE WILL RESULT IN NO GRADE FOR THE PROJECT REPORT. IN
ADDITION, I MIGHT NEED TO QUESTION THE SOURCE OF YOUR PROJECT REPORT
WHENEVER THE SITUATION WARRANTS.

(3) HOMEWORK:
Homework will be completed using the Connect Accounting website set up for this class.
All homework problems must be completed in order to get full credit.

(4) OTHER COURSE COMPONENTS:

Class meetings are very important for a better understanding of the course material, for taking
additional notes, and for improving your ability to communicate and cooperate with your colleagues.
You are expected to have read the assigned material before class and to participate in all class
discussions. In addition to scheduled quizzes, unannounced quizzes might be used to assess class
preparation. Class attendance and participation will be recorded daily. Should you miss class for any
reason, you are responsible for getting the notes or any other missed material from one of your fellow
classmates. In addition to your readings and group work, small assignments will enhance the quality
of the class meetings; for example, you may be asked to bring a recent newspaper article and discuss
a current accounting issue in the class.
The use of cell phones in any way (texting, reading, listening, etc.) is not allowed during class.
All cell phones should be silenced and stored away.
Accommodations for Students with disabilities:
Any student who feels he or she may need an accommodation based on the impact of a disability
should contact me privately to discuss his or her specific needs. Also contact Disability Services
at (209) 228-7884 as soon as possible to become registered and thereby ensure that such
accommodations are implemented in a timely fashion.

This syllabus is subject to change.

Proposed Lectures, Assignments, and Examination Schedule may be revised.

Exam dates, and other assignments will be confirmed in class or via email.
IMPORTANT DATES
September 2 (Wednesday) Team Member List Due
September 21 (Monday) Quiz 1
October 5 (Monday) Quiz 2
October 12 (Monday) MIDTERM EXAM
November 2 (Monday) Quiz 3
November 30 (Monday) Quiz 4
December 17 (Thursday) FINAL EXAM (3:00AM-6:00PM)
Project Due dates to be announced

Deadlines:
Late Registration: Wednesday, September 16, 2015
Course Add: Wednesday, September 16, 2015
Course Drop (without a “W”): Wednesday, September 16, 2015
Course Withdrawal (with a “W”): Wednesday, November 4, 2015

COURSE CONTENT (If you miss any class, you must assume the responsibility for any information
or material that was missed, including any additional class or project requirement.)

CHAPTER
Managerial Accounting: An Overview (Ch. 1)
Managerial Accounting and Cost Concepts (Ch. 2)
Job Order Costing (Ch. 3)
Statement of Cash Flows (Ch. 14)
Quiz 1 (DATE)
Financial Statement Analysis (Ch. 15)
Process Costing (Ch. 4)
Quiz 2 (DATE)
Cost Volume Profit Relationships (Ch. 5)
MIDTERM EXAM (DATE)
Variable Costing and Segment Reporting (Ch. 6)
Midterm Exam Discussion
Activity Based Costing (Ch. 7)
Profit Planning (Ch. 8)
Quiz 3 (DATE)
Flexible Budgets and Performance Analysis (ch. 9)
Standard Costs and Variances (Ch. 10)
Performance Measurement in Decentralized Operations (Ch.11)
Differential analysis (Ch. 12), Capital Budgeting (Ch. 13)
Quiz 4 (DATE)
Capital Budgeting (Ch. 13 ) (continued)
FINAL EXAM (DATE)