Faculty Syllabus

This section of ACCT 2302 will be offered in a hybrid environment for Fall 2025.  The lecture session is Online and Asynchronous, which means the instructor and the student do not need to be online at the same time.  The benefit is it allows you to learn on your own schedule with specified deadlines set by the instructor. The down side to asynchronous learning is students need to be able to prioritize their time for studying and meeting scheduled deadlines for graded assignments and have access to technology and equipment necessary for online lectures and testing, etc.

The lab session meets every Tuesday and Thursday from 12:20 pm to 1:50 pm on the Northridge Campus (NRG), Building 4, Room 4233.  Lab attendance is a requirement.

Please use this Link to ACC’s Online Orientation to find out more information about online course. ACC Online Orientation | Austin Community
College District (austincc.edu).

TESTING: Please use this LINK to find out more information about the technology and equipment
requirements (you will need a webcam and a microphone) for this course and taking online exams.
Exams in this course must be taken with a desktop, laptop or Chromebook.  Mobile and tablet devices are
not allowed for testing purposes.Orientation to find out more information about online course. ACC Online Orientation | Austin Community
College District (austincc.edu)
 

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.

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 it.

Chapter 1 provides the role of managerial accounting in organizations and the role of cost in managerial accounting.

Chapter 2 present various costing system concepts, the process of assigning manufacturing to jobs, and the flow of costs in a job order costing system.

Chapter 3 will focus on the basic concepts of process costing and instructions on preparing a production report using the weighted-average approach.

Chapter 4 is concerned with activity-base costing and cost management.

Chapter 5 discusses cost behavior patterns, estimating cost behavior using various methodology and introduces the contribution approach.

Chapter 6 will focus attention cost-volume-profit analysis, margin of safety, operating leverge, and the weighted-average contribution margin.

Chapter 7 is a discussion on incremental analysis for short-term decision making.

Chapter 8 provides concepts relating to the budget planning process.

Chapter 9 provides instruction on standard costing and variance anaylsis.

Chapter 10 focus is on decentralized performance evaluation.

Chapter 11 is concentrated on capital budgeting, discounted cash flow methods, and applying net present value and sensitivity analysis.

Course Requirements

Activity Points/Percent:                           Points             %

Exams and Quizzes (Proctored)                  520               65%

Lab Assignments                                           80               10%

Comprehensive Problems                             80                10%

Homework Assignments                                80                10%

Pre-Class (PC) & Smart Book (SM)              40                  5%

TOTAL                                                         800               100%

Points              Grade 

720-800                A

640-719                B

560-639                C

480-559                D

000-479                F

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.

Learning Objectives:

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.

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.