Managerial Accounting
Need assistance with completing Managerial Accounting class.
ACC-650 | Managerial Accounting
Syllabus
COURSE DESCRIPTION
This course covers managerial accounting concepts and procedures for internal reporting, including the study of cost behavior, cost systems, budgeting, and performance evaluation. Coursework includes case studies, group projects, and class discussion. Prerequisite:
ACC-502.
CREDITS
4
PREREQUISITES
ACC-502.
CO-REQUISITES
None
REQUIRED COURSE MATERIALS
Textbooks
Textbooks
Textbooks
Textbooks
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Hilton, R. W. (2016).
Managerial accounting: Creating value in a dynamic business environment (11th ed.). New York, NY: McGraw-Hill/Irwin. ISBN-13: 9781259569562
http://www.gcumedia.com/digital-resources/mcgraw-hill/2016/managerial-accounting_creating-value-in-a-dynamic-business-environment_ebook_11e.php
Electronic Resources
Electronic Resources
Electronic Resources
Electronic Resources
Electronic Resources
Managerial Accounting: Creating Value in a Dynamic Business Environment: Student Edition
Be sure to regularly review “Managerial Accounting: Creating Value in a Dynamic Business Environment: Student Edition,” the student companion site for this course. It contains numerous supplemental resources (including templates, PowerPoint slides, etc.) that will be valuable as you progress through the course.
http://highered.mcgraw-hill.com/sites/0078110912/student_view0/index.html
INSTRUCTOR ONLY MATERIALS
ACC-650 Course Revision History
ACC-650
Discussion Questions
ACC-650 Quiz Solutions
FASB Codification
GCU is providing access to the FASB Accounting Standards Codification Professional View and Governmental Accounting Research System (GARS) Online for September 2019 – August 2020.
Effective September 1, 2019, you may use the username and password below to access these resources.
Student Access
· Username – aaa54452
· Password – yzN3Z4F
FIFO Method of
Process Costing
SM
Instructor Solutions Manual
TOPICS, OBJECTIVES, AND COURSE CONTENT
Topic 1
: Managerial Accounting and
Job-Order Costing
Objectives:
Objectives:
Objectives:
Objectives:
1.1:
Define managerial accounting and describe its role in the management process.
1.2:
Use job-order costing to assign costs to jobs.
Topic Materials
Topic Materials
Topic Materials
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read “Managerial Versus Financial Accounting” in Chapter 1, about types of costs in Chapter 2, and Chapter 3 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://www.gcumedia.com/digital-resources/mcgraw-hill/2016/managerial-accounting_creating-value-in-a-dynamic-business-environment_ebook_11e.php
Electronic Resources
Assignments:
Assignments:
Assignments:
Assignments:
Complete Problems 2-37 and 3-47 in the textbook.
Complete Problem 2-37 in a Word document and Problem 3-47 in Excel. Please note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail.
Save your assignment (Word) as Lastname_FirstnameACC650_T1 x.
Save your assignment (Excel) as Lastname_FirstnameACC650_T1.xlsx.
You are not required to submit this assignment to LopesWrite.
Discussion Questions:
Discussion Questions:
Discussion Questions:
Discussion Questions:
Topic 1 DQ 1
Using the GCU Library, locate a journal article about job-costing systems or how managerial accounting helps businesses make decisions. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted. To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it. Note: It may be challenging to find a relevant article if you do not use the library.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation
:
Week 1 Participation : 20.0 points
Topic 2
: Process Costing
Objectives:
2.1:
Distinguish between job-order costing and process costing.
2.2:
Use the weighted-average method of process costing to determine product costs.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read Chapter 4 Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://www.gcumedia.com/digital-resources/mcgraw-hill/2016/managerial-accounting_creating-value-in-a-dynamic-business-environment_ebook_11e.php
Electronic Resources
Assignments:
Complete Exercise 4-16 and Problem 4-29 in the textbook.
Complete Exercise 4-16 in a Word document and Problem 4-29 in Excel. Please note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail.
Save your assignment (Word) as Lastname_FirstnameACC650_T2 x.
Save your assignment (Excel) as Lastname_FirstnameACC650_T2.xlsx.
At least one external source should be cited, not including course textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. Refer to the
LopesWrite Technical Support articles
for assistance.
Discussion Questions:
Topic 2 DQ 1
What are the major differences between job-order costing and process costing systems? Give an example of a well-known company that might use job-order costing and an example of a well-known company that might use process costing. Explain why you have chosen the companies that you did, specifically why job order costing or process costing are used. Do not choose companies that your classmates have already commented upon. Participate in follow-up discussion by critiquing your classmates’ choices of companies.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 2 Participation : 20.0 points
Topic 3
:
Activity-Based Costing
Objectives:
3.1:
Use an activity-based costing system, including the use of a two-stage procedure for cost assignment, the identification of activity cost pools, and the selection of cost drivers, to assign costs to cost objects.
3.2:
Understand basic concepts regarding project management.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read Chapter 5 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://www.gcumedia.com/digital-resources/mcgraw-hill/2016/managerial-accounting_creating-value-in-a-dynamic-business-environment_ebook_11e.php
Electronic Resources
Assignments:
Complete Problems 5-63 and 5-65 in the textbook.
Prepare Problem 5-63 using Word. Problem 5-65 should be prepared using Excel. Please note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail.
Save your assignment (Word) as Lastname_FirstnameACC650_T3 x.
Save your assignment (Excel) as Lastname_FirstnameACC650_T3.xlsx.
You are not required to submit this assignment to LopesWrite.
Discussion Questions:
Topic 3 DQ 1
Using the GCU Library, locate a journal article about activity-based costing systems. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted. To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it. Note: It may be challenging to find a relevant article if you do not use the library.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 3 Participation : 20.0 points
Topic 4
: Cost Estimation and CVP Analysis
Objectives:
4.1:
Explain the relationships between cost estimation, cost behavior, and cost prediction.
4.2:
Use cost-volume-profit (CVP) analysis to estimate break-even point and profitability.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read Chapters 6 and 7 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://www.gcumedia.com/digital-resources/mcgraw-hill/2016/managerial-accounting_creating-value-in-a-dynamic-business-environment_ebook_11e.php
Electronic Resources
Assignments:
Cost Allocation Concepts
Complete Problems 6-37 and 7-38 in the textbook.
Both of these problems should be completed using Word.
Save your assignment as Lastname_FirstnameACC650_T4 x.
At least one external source should be cited, not including a textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Discussion Questions:
Topic 4 DQ 1
How can CVP Analysis be used to predict future costs and profitability? Describe how CVP analysis is used, or could be used, at your current place of employment. If you have not worked for a company that might use CVP Analysis, you may choose a well-known company and describe how you envision that company using CVP Analysis. Try to discuss a concept associated with CVP not already addressed by your classmates. Consider using an article to summarize or apply the CVP concepts. To participate in follow-up discussion, choose one of the topics/concepts that a classmate has posted and provide your own reaction to it, add to what they posted or provide a professional disagreement to their posting.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 4 Participation : 20.0 points
Topic 5
:
Budgeting
and
Performance Measures
Objectives:
5.1:
Explain the components of the master budget for a merchandising company.
5.2:
Summarize some advantages of standard costing and explain how standard costing is used to help manage costs.
5.3:
Calculate cost variances and analyze their significance.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read Chapters 9 and 11 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://gcumedia.com/digital-resources/mcgraw-hill/2010/managerial-accounting_ebook_9e.php
Electronic Resources
Assignments:
Complete Cases 9-45 and 9-46 in the textbook
Cases 9-45 and 9-46 should be prepared in a Word document with embedded Excel spreadsheets for relevant calculations and supporting schedules. You still need to post your Excel worksheet to show support for your calculations. Note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail. Suggestion: To complete all parts of the problems correctly you should start each assignment with preparing an Excel workbook. The response for both cases should be between 250-500 words each.
Save your assignment (Word) as Lastname_FirstnameACC650_T5 x.
Save your assignment (Excel) as Lastname_FirstnameACC650_T5.xlsx.
At least one external sources should be cited, not including a textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Discussion Questions:
Topic 5 DQ 1
Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes that are used for that organization. If you do not have relevant work experience, use the GCU Library to locate an article on budgeting or forecasting and compare the process recommended by the article to that of the textbook. Your initial post should be approximately 250 words. To participate in follow up discussion, ask questions and post comments regarding classmates’ posts or respond to follow-up questions posted by the instructor.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 5 Participation : 20.0 points
Topic 6
: Responsibility Accounting
Objectives:
6.1:
Explain the role of responsibility accounting in fostering goal congruence.
6.2:
Understand the effect of transfer pricing on divisional performance.
6.3:
Compute an investment center’s return on investment (ROI), residual income (RI), and economic value added (EVA).
6.4:
Critically analyze advantages and disadvantages of both ROI and residual income as divisional performance measures.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read chapters 12-13 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://gcumedia.com/digital-resources/mcgraw-hill/2010/managerial-accounting_ebook_9e.php
Electronic Resources
Assignments:
Complete Problems 12-41 and 13-42 in the textbook.
Cases 12-41 and 13-42 should be prepared in a Word document with embedded Excel spreadsheets for relevant calculations and supporting schedules. You still need to post your Excel worksheet to show support for your calculations. Note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail. Suggestion: To complete all parts of the problems correctly you should start each assignment with preparing an Excel workbook. The response for Problem 12-41 should be a minimum of 250 words.
Save your assignment as Lastname_FirstnameACC650_T6 x.
At least one external source should be cited, not including a textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Discussion Questions:
Topic 6 DQ 1
Using the GCU Library locate a journal article about responsibility accounting. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted. To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it. Note: It will be challenging to find a relevant article if you do not use the library.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 6 Participation : 20.0 points
Topic 7
: Product Costing Systems and Cost Allocation
Objectives:
7.1:
Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing.
7.2:
Allocate joint costs among joint products using the physical-units method, relative-sales-value method, and net-realizable-value method.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read chapters 8 and 17 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://gcumedia.com/digital-resources/mcgraw-hill/2010/managerial-accounting_ebook_9e.php
Electronic Resources
Assignments:
Performance Management
Complete Exercise 8-27 and Problem 17-26 in the textbook.
Exercise 8-27 should be prepared in a Word document with a response of a minimum of 250 words.
Problem 17-26 should be completed using Excel with supporting calculations shown. Please note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail.
Save both of your assignments as Lastname_FirstnameACC650_T7 x.
At least one external sources should be cited, not including a textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Discussion Questions:
Topic 7 DQ 1
Using the GCU Library, locate a journal article about absorption and/or variable costing. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted. To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it. Note: It will be challenging to find a relevant article if you do not use the library.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 7 Participation : 20.0 points
Topic 8
: Using Accounting Information in Decision Making
Objectives:
8.1:
Use relevant costs to analyze business decisions.
8.2:
Compare and contrast capital investment methods used to evaluate proposals.
8.3:
Make pricing decisions using market-based and cost-based methods.
Topic Materials
Textbooks
Managerial Accounting: Creating Value in a Dynamic Business Environment
Read chapters 14, 15, and 16 in Managerial Accounting: Creating Value in a Dynamic Business Environment.
http://gcumedia.com/digital-resources/mcgraw-hill/2010/managerial-accounting_ebook_9e.php
Electronic Resources
Assignments:
Benchmark – Decision Making and Capital Budgeting
Complete all items for Problem 14-47 in the textbook.
To complete all parts of the problems you should prepare an Excel workbook and Word document. Please note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail. Provide supporting responses either as part of the Excel document or as a separate Word document (
40
0-750 words), being sure to properly label each response.
Save your assignment (Word) as Lastname_FirstnameACC650_T8 x.
Save your assignment (Excel) as Lastname_FirstnameACC650_T8.xlsx.
At least two external sources should be cited, not including a textbook.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Discussion Questions:
Topic 8 DQ 1
Find a journal article online about a company that recently added or dropped a product or service, or a company that decided to outsource. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted. To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Participation:
Week 8 Participation : 20.0 points
Gradebook
|
Assignment |
Topic Due |
Non Trad Points |
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|
Quiz 1 |
Topic 1 | 40 | ||||||||
|
55 |
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|
Quiz 2 |
Topic 2 | |||||||||
| Topic 3 | ||||||||||
|
Quiz 3 |
||||||||||
|
Quiz 4 |
Topic 4 | |||||||||
| Cost Allocation Concepts | ||||||||||
| Topic 5 | ||||||||||
|
Quiz 5 |
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|
Quiz 6 |
Topic 6 | |||||||||
| Performance Management | Topic 7 | |||||||||
|
Quiz 7 |
||||||||||
| Benchmark – Decision Making and Capital Budgeting | Topic 8 | |||||||||
|
Quiz 8 |
||||||||||
| Discussion Questions |
Topics 1-8 |
80 |
||||||||
| Participation |
160 |
|||||||||
|
Total |
1000 |
Effective date: 02/19/2020. © 2020. Grand Canyon University. All Rights Reserved.