Faculty

ACCT-2302 Principles of Accounting II - Managerial

Jeffrey Brennan

Credit Fall 2025

Section(s)

ACCT-2302-010 (29533)
LEC MW 9:00am - 10:15am RRC RRC2 2226.00

LAB M 10:30am - 11:20am RRC RRC2 2214.00

Course Modality

For a more detailed syllabus, please review the syllabus posted in the Blackboard course. This syllabus is intended to be a brief overview of the course and is subject to change. The final syllabus will be posted in the Blackboard course.

This section of ACCT 2302, will be offered face-to-face, in person, in a traditional classroom setting.

Course Prerequisite

Before enrolling in ACCT 2302, a student must have completed ACCT 2301 or its equivalent with a grade of C or better.

Basic computer skills utilizing internet, word processing, spreadsheet (Excel), and presentation (Power Point) software are recommended for all accounting courses. Generally, all assignments are to be prepared on the computer and presented in a format that would be acceptable in a professional, business environment. Access to computers is available at the college. Wi-Fi access is available in the parking lots at selected campuses.

Readings

Required: Managerial Accounting with CONNECT, 5th ed. Whitecotton, Libby and Phillips, McGraw Hill Education

With ACC “First Day Access”, a digital version of the text will be purchased as part of your registration fees for the course. This fee will also include access to CONNECT. You will use CONNECT for a variety of assignments including tests, homework and labs. CONNECT is an integrated, online learning system that provides you 24/7 access to your study tools and assignments.

If you acquire the eBook as part of your registration, you will have the option to buy a low cost loose-leaf paper version of the book. If you do not wish to participate in the program, you may "Opt Out". If you "Opt Out" of receiving and paying for your materials via this program, you will be responsible for obtaining those class materials on your own. Instructions for “opting out” will be available on my Blackboard site.

To recap, there are three options:

1. All Digital Access at the time of registration: E-book and CONNECT.

2. Digital Access with a Physical Textbook: Students who participate in the program will be eligible to purchase a low cost print upgrade.

3. Independent purchase of textbook with CONNECT: If you have purchased a used textbook or have "Opted Out" of the program, you must still purchase an access code for CONNECT.

You must “bring” your eBook to class via a computer, tablet or smartphone or the paper copy if purchased.

Course Subjects


Chapter 1: Introduction to Managerial Accounting Chapter 2: Job-Order Costing Chapter 3: Process Costing Chapter 4: Activity-Based Costing and Cost Management Chapter 5: Cost Behavior Chapter 6: Cost-Volume-Profit Analysis Chapter 7: Incremental Analysis for Short-Term Decision Making Chapter 8: Budgetary Planning Chapter 9: Standard Costing and Variances Analysis Chapter 10: Decentralized Performance Evaluation Chapter 11: Capital Budgeting

Course Requirements

Course Evaluation/ Grading System:

Activity	Points	Percent
Exams and Quizzes (Proctored)	520	65%
Lab Assignments	80	10%
Comprehensive Problems	80	10%
Homework Assignments	80	10%
Other Class Activities	40	5%
TOTAL	800	100%

Basis for Grading:

Points	Grade
720-800	A
640-719	B
560-639	C
480-559	D
Below 479	F

Course Assessments:

There will 2 assessments of course concepts (assessment 1 and assessment 2). These 2 assessments have been designed by the Accounting Department for use by all ACCT 2302 sections.

Student Learning Outcomes/Learning Objectives

Instructional Methodology:

The objectives of this course will be met by incorporating a variety of instructional methods. These may include lecture, class exams and quizzes, group activities and project, student presentations, class problem-solving, written analysis, spreadsheet, word processing, power point, excel, data analytics, power point activities, and the use of accounting software and online activities and research.

Course Description:

This course is an introduction to communicating accounting information to internal users (enterprise managers). It is a study of the fundamentals of managerial accounting. There is an emphasis on accounting for a manufacturing concern, budgeting, planning, management decision making, and analysis of financial reports. Topics also include cost behavior and control, product cost accumulation and pricing, and responsibility accounting.

Course Objectives:

The nature and purpose of internal uses of accounting information
The fundamental concepts and techniques for planning, control and decision making that are applicable to various types of business entities
Current theory and practice in management accounting

Learning Outcomes:

CHAPTER 1

1. Describe the key differences between financial accounting and managerial accounting.

2. Describe how managerial accounting is used in different types of organizations to support the key functions of management.

3. Describe the importance of ethics, sustainability, and decision analytics in managerial accounting.

4. Define and give examples of different types of costs.

CHAPTER 2

1. Describe the key differences between job order costing and process costing.

2. Describe the source documents used to track direct materials and direct labor costs to the job cost sheet.

3. Calculate a predetermined overhead rate and use it to apply manufacturing overhead cost to jobs.

4. Describe how costs flow through the accounting system in job order costing.

5. Calculate and dispose of overapplied or underapplied manufacturing overhead.

6. Calculate the cost of goods manufactured and cost of goods sold.

7. Apply job order costing to a service setting

8. Optional: Prepare journal entries to record manufacturing and nonmanufacturing costs in a job order cost system.

CHAPTER 3

1. Describe the key features of a process costing system.

2. Convert physical units into equivalent units using the weighted-average method.

3. Prepare a process costing production report using the weighted-average method.

4. Optional: Describe how manufacturing costs are recorded in subsequent production departments and the journal entries for process costing

CHAPTER 4

1. Assign indirect costs to products or services using a single volume-based cost driver.

2. Classify activities as unit-, batch-, product-, or facility-level activities.

3. Assign indirect costs to activity cost pools and select a cost driver for each pool.

4. Assign indirect costs to products or services using activity rates.

5. Assign indirect costs to products or services using activity proportions.

6. Compare the results of a volume-based cost system to activity-based costing.

7. Optional: Apply activity-based costing to a service industry.

8. Optional: Describe how managers use activity-based management and other cost management methods.

CHAPTER 5

1. Identify costs as variable, fixed, step, or mixed.

2. Prepare a scattergraph to depict the relationship between total cost and activity.

3. Use the high-low method to estimate cost behavior.

4. Use least-squares regression to estimate cost behavior.

5. Prepare and interpret a contribution margin income statement.

S1 Compare variable costing to full absorption costing

CHAPTER 6

1. Use cost-volume-profit analysis to find the break-even point.

2. Use cost-volume-profit analysis to determine the sales needed to achieve a target profit.

3. Compute the margin of safety.

4. Analyze how changes in prices and cost structure affect cost-volume-profit relationships.

5. Calculate the degree of operating leverage and use it to predict the effect a change in sales will have on profit.

6. Perform multiproduct cost-volume-profit analysis and explain how the product or sales mix affects the analysis.

CHAPTER 7

1. Describe the five steps in the decision- making process.

2. Define and identify relevant costs and benefits.

3. Analyze a special-order decision.

4. Analyze a make-or-buy decision.

5. Analyze a keep-or-drop decision.

6. Analyze a sell-or-process further decision.

7. Prioritize products to maximize short-term profit with constrained resources.

CHAPTER 8

1. Describe (a) how and why organizations use budgets for planning and control and (b) potential behavioral issues to consider when implementing a budget.

2. Describe the major components of the master budget and their interrelationships.

3. Prepare the following components of the operating budget:
a. Sales budget.
b. Production budget.
c. Direct materials purchases budget.
d. Direct labor budget.
e. Manufacturing overhead budget.
f. Cost of goods sold budget.
g. Selling and administrative expense budget.
h. Budgeted income statement.

4. Prepare the cash budget and describe the relationships among the operating budgets, cash budget, and budgeted balance sheet.

5. Optional: Prepare a merchandise purchases budget for a merchandising firm.

CHAPTER 9

1. Describe the standard-setting process and explain how standard costs relate to budgets and variances.

2. Prepare a flexible budget and show how total costs change with sales volume.

3. Calculate and interpret the direct materials price and quantity variances.

4. Calculate and interpret the direct labor rate and efficiency variances.

5. Calculate and interpret the variable overhead rate and efficiency variances.

6. Calculate and interpret the fixed overhead spending and volume variances.

7. Optional: Prepare journal entries to record direct materials and direct labor variances.

CHAPTER 10

1. List and explain the advantages and disadvantages of decentralization.

2. Describe the different types of responsibility centers and explain how managers of each type are evaluated.

3. Optional: Describe the four dimensions of the balanced scorecard and explain how they are used to evaluate managerial performance.

4. Compute and interpret return on investment, investment turnover, and profit margin.

5. Compute and interpret residual income.

6. Explain how transfer prices are set in decentralized organizations.

CHAPTER 11

1. Calculate the accounting rate of return and describe its major weaknesses.

2. Calculate the payback period and describe its major weaknesses.

3. Calculate net present value and describe why it is superior to the other capital budgeting techniques.

4. Predict the internal rate of return and describe its relationship to net present value.

5. Use the net present value method to analyze mutually exclusive capital investments.

6. Use the profitability index to prioritize independent capital investment projects.

7. Optional: Use present value and future value tables to incorporate the time value of money.

Scans Competencies

SCANS is the Secretary’s Commission on Achieving Necessary Skills. Please go to http://www.austincc.edu/mkt/scans.htm#whatis for complete definitions and explanation of SCANS. This list summarizes the SCANS competencies addressed in this particular course.

1. Student exhibits responsibility: Exerts a high level of effort and perseverance toward goal attainment, works hard to become excellent at doing tasks by setting high standards, paying attention to details, working well and displaying a high level of concentration even when assigned an unpleasant task; and displays high standards of attendance, punctuality, enthusiasm, vitality and optimism in approaching and completing tasks.

2. Student acquires information: Identifies need for data, obtains them from existing sources or creates them, and evaluates their relevance and accuracy. Competently performing the tasks for acquiring data and evaluating information includes posing analytical questions to determine specific information needs, selecting possible information and evaluating its appropriateness, and determining when new information must be created.

3. Student communicates information: Selects and analyzes information and communicates the result to others using oral, written, graphic, pictorial, or multi-media methods. Competently performing the tasks of communicating and interpreting information to others includes determining information to be communicated, identifying the best methods to present information (i.e. overheads, handouts, etc.), and if necessary, converting to desired format and conveying information to others through a variety of means including oral presentation and written communication.

ACC College Policies

Link: ACC College Policies

CONCEALED HANDGUN POLICY

The Austin Community College District concealed handgun policy ensures compliance with Section 411.2031 of the Texas Government Code (also known as the Campus Carry Law), while maintaining ACC’s commitment to provide a safe environment for its students, faculty, staff, and visitors.

Beginning August 1, 2017, individuals who are licensed to carry (LTC) may do so on campus premises except in locations and at activities prohibited by state or federal law, or the college’s concealed handgun policy.

It is the responsibility of license holders to conceal their handguns at all times. Persons who see a handgun on campus are asked to contact the ACC Police Department by dialing 222 from a campus phone or 512-223-7999.

If you would like additional information regarding the ACC concealed handgun policy, please see the complete policy online at Campus Carry.

Office Hours

T Th 8:00 AM - 9:00 AM Designated ZOOM Meeting Room

NOTE Or other days or times as pre-arranged by student and instructor..

M W 8:00 AM - 9:00 AM Round Rock Campus Learning Lab RRC2 Room 2330.00

NOTE Or other days or times as pre-arranged by student and instructor..

Office Hours

T Th 8:00 AM - 9:00 AM Designated ZOOM Meeting Room

NOTE Or other days or times as pre-arranged by student and instructor..

M W 8:00 AM - 9:00 AM Round Rock Campus Learning Lab RRC2 Room 2330.00

NOTE Or other days or times as pre-arranged by student and instructor..

Student Learning Outcomes/Learning Objectives

Scans Competencies

ACC College Policies

Published: 04/24/2025 11:02:23