M/W 2:00 PM - 3:15 PM
This course provides an introduction to managerial accounting. It focuses on analysis of managerial accounting informational needs for planning and controlling. Specifically, it examines the nature of cost-volume-profit analysis and product costing; investigates budgets and standard costs in planning, control, and performance measurements; and employs relevant costs, current control techniques and present value techniques used in the decision-making process. Computerized exercises will be included. IAI: BUS 904 Managerial Accounting.
ACCT 1514 with a grade of C or better or consent of instructor - Must be completed prior to taking this course.
General Education Outcomes are the knowledge, skills, abilities, attitudes, and behaviors that students are expected to develop as a result of their overall experiences with any aspect of the college, including courses, programs, and student services, both inside and outside of the classroom. The General Education Outcomes specifically learned in this course are:
- Communication
- Critical Thinking
Attendance & Participation (10%) Attendance and active participation are essential. Students are expected to be present and engaged in class
discussions and activities.
Discussions (20%) Both online discussion posts (via Canvas) and in-class discussions will be evaluated based on thoughtfulness, consistency, and
engagement with course material.
Assignments (20%) Assignments submitted through Canvas will assess the understanding of course concepts
Midterm Exam (25%) Covers the first half of the course.
Final Exam (25%) Covers the second half of the course.
Faculty Contact Information
M/W 1:15 PM -2:00 PM
M/W 3:15 PM -5:00 PM
Course Information
At the end of this course, students will be able to:
- Analyze, interpret, differentiate between and complete both job order and process cost systems
- Construct, analyze and interpret just-in-time procedures
- Compute income using various accounting and managerial methods
- Organize a business using decentralized operations
- Construct, analyze, interpret and understand cost behavior and Cost-Volume-Profit analysis
- Interpret and analyze absorption and variable costing approaches for managerial decisions
- Formulate, interpret, complete and understand a master budget with pro-forma income statement and balance sheet
- Construct standard costs and measure variances from standards to material, labor and manufacturing overhead
- Measure performance using variances and variance analysis
- Analyze and interpret differential costs and product decisions
- Construct, analyze, and interpret activity-based costing as a decision-making tool
- Construct, analyze and interpret decisions using present value method
- Job Order
- Process Costing
- Systems, ABC, JIT, QMS
- Profit Analysis
- Variable costing and Absorption Costing
- Master Budgets and Pro-forma financial statements
- Flexible Budgets and Standard Cost Systems with Variance analysis
- Responsibility Accounting and Performance Evaluation
- Short Term Business Decisions
- Capital Investment Decisions
Textbook and course materials: Horngren's Financial & Managerial Accounting, The Managerial Chapters, 8th edition
Tracie L. Miller-Nobles, Brenda Mattison
Business, Technology & Human Services
Dean, Paul Carlson; 815-802-8858; V105; pcarlson@kcc.edu; Division Office – W102; 815-802-8650
Make-up Policy
Arrangements must be made prior to the deadline with the professor.
College Policies, Resources and Supports
For information related to the Student Code of Conduct Policy, Withdrawal Policy, Email Policy, and Non- Attendance/Non-Participation Policy, please review the college’s Code of Campus Affairs and Regulations webpage, which can be found at catalog.kcc.edu under the Academic Regulations & Conduct Guide.
KCC offers various academic and personal resources for all students. Many services are offered virtually, as well as in person. Please visit Student Resources - Kankakee Community College to access student resources services such as:
- Clubs and organizations
- Counseling and referral services
- Office of disability services
- Student complaint policy
- Transfer services
- Tutoring services, etc.
The materials on this course are only for the use of students enrolled in this course for purposes associated with this course. Further information regarding KCC's copyright policy is available at https://kcc.libguides.com/copyright.
|Course syllabus/calendar is subject to change.