Bachelor’s Degree in Finance
Bachelor’s Degree in Management
TITLE OF COURSE : MANAGERIAL ACCOUNTING
CODIFICATION : CONT 4036
CREDITS : Four (4)
PRE-REQUISITE : CONT 3005-3006
CONTACT HOURS : Four (4) per week
COURSE DESCRIPTION : This course is an introduction to the users of accounting for internal managerial purposes and an explanation of interpretations and uses by management in planning and controlling business activities. Although emphasis in given to the use by investors and potential investors is also explained whenever deemed appropriate. Emphasis will be given to the following matters: internal control and report to management, price level changes, sources and uses of funds, cost concepts and application, profit planning, cost-volume-profit relationship and standard and variable costs.
TEXT : Introduction to Management Accounting -Horngren-Sundem-Stratton Thirteenth Edition- Prentice Hall, 2005
REFERENCE :
Managerial Accounting, Needles, B.,
Crosson,
S., (2002), New York, Houghton Mifflin
Company
: Management
Accounting, Giambalvo,
J., 2003)
EVALUATION CRITERIA : The student will be evaluated as follows:
1. Four partial exams: 100 pts. each =80%
2. Special Assignment on Chapters
7&8 =20%
100%
3. The curve for establishing the final grade is: 100 – 90 A
89 – 80 B
79 – 70 C
69 – 60 D
59 - F
GENERAL OBJECTIVES : When the course ends, the student will be able to:
1. Know the use of managerial accounting in business entities.
2. Analyze the financial information in proper form, following the accounting cycle up to the preparation of the financial statements.
3. Interpret the financial information by analyzing the financial statements.
4. Know the manager uses of cost behavior and cost volume profit analysis.
5. Know the relationship among decision taking and cost behavior.
SPECIFIC OBJECTIVES : When the course ends, the student could:
1. Review basics concepts of the transaction analysis and the accounting cycle.
2. Describe different forms of the analysis of the financial statements and the usefulness of this analysis.
3. Identify and illustrate the content of the annual reports.
4. Describe the basic functions of the managerial process.
5. Describe the managerial accounting profession and the ethic responsibility of the management accountant.
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CONTENT |
CHAPTER |
CONTACT HOURS |
EXERCISES AND PROBLEMS |
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Part I: Decision Process Basic Accounting Concepts: Techniques and Conventions. Annual Financial Statement Interpretation: Basic Financial Statements Managerial Accounting and the Business Organization |
15 16 1 |
15 |
Chapter: 15) 15-A-1; Summary Problem 16) 16-A-1;16-A-2; Summary Problem 1) 1-B-2; 1-B-3; E1-32 |
EXAM 1-CHAPS. 15, 16 and 1 |
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Introduction to Cost-Volume-Profit Relationships Measurement of Cost Behavior Cost Management Systems and Activity-Based Costing |
2 3 4 |
15 |
Chapter: 2) 2-A2; 2-B-1; 2-54; 2-56; 2-65 3) 3-A1;
3-30;3-32; 3-40; 3-48 4) E4-41 E4-44; E4-55; E4-56 |
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EXAM II CHAPS. 2, 3 and 4 |
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Relevant Information and Decision-Making: Marketing Decisions Relevant Information and Decision-Making: Production Decisions |
5 6 |
20 |
Chapter: 5) 5-A1; 5-A2; 5- 30; 5-31; 5-35; 5-37 6) 6-A1; 6-A2; 6-A4; 6-B1; 6-B2; 6-36; 6-44; 6-45; 6-48; Summary Problem |
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Part II: Accounting for Planning and Control The Master Budget Flexible Budgets and Variance Analysis |
7 8 |
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Chapter: 7) Summary Problem and Special Project 8) Summary Problem and Special Project |
EXAM III CHAPS.
5, 6, 7 and 8 |
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Part III: Product costs Accounting for Overhead Costs Job-Costing Systems and Process Cost Systems TOTAL |
13 14 |
10 60 hours |
Chapter: 13) 13-A-2; 13-B-2; Summary Problem 14) 14A-1, 14-B1 Summary Problem, |
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FINAL EXAM CHAPS. 13 and 14 |
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NOTES: 1.
If deemed necessary,
additional exercises and problems will be assigned depending on the
student’s necessities. 2.
It will be
assigned a special project on chapters 7 and 8. 3. No reposition exams
will be offered. |
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*Chapters 15 &16-Center of
Resources for Learning-Reserve Division
EDUCATIONAL STRATEGIES : Conferences and class discussion in the classroom
· In-class workshops
· Assignments that contribute to strengthening of thinking capabilities
TOOLS : Simple calculator, computer and Internet access.
Bibliography
Jiambalvo, J., (2004) Managerial Accounting, 2e,Wiley, New
Needles, B., Crosson, S., (2002), Managerial Accounting,
Company
Kopin,
Kravitz,
Peter M., (2000). E. Commerce Congress Catches up Technology,
Journal of Accounting
(June) 29-33. joaed@aiicpa.org
Albretch, S., Kulesza, B., Russell, K. & Sack R., (2000) Charting the Course Through a Perilous Future, Management Accounting Quarterly, Fall 2000, Institute of Management Accountants, New Jersey.
Banham, R., (2000), Better Budgets, Journal of Accountancy, February, 2000.
Cokins G., Learning to Love ABC, Journal of Accountancy, August 1999.
Siegel,G. & Sorensen, J., (1999) Counting More, Counting Less-Transformations in the Management Accounting Profession, A Research Project of the Institute of Management Accountants conducted by the Gary Siegel Organization,
Teerlink, R., (2000), Harley’s Leadership U-Turn, Harvard Business Review, July- August 2000.
Revised by: Prof. Ivette Gómez
August/2005
Translated by: Prof. Ivette Gómez
August/2005
UPR at Bayamón complies
with the provisions of the Americans with Disabilities Act and Law 51 on
Integrated Educational Services for People with Impediments. Students with impediments should report
to the professor in order to design reasonable accommodations to those
effects. Confidentiality will be maintained.