programabásico contabilidad.docx

7/29/2019 ProgramaBsico Contabilidad.docx

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METROPOLITAN COMMUNITY COLLEGE

COURSE OUTLINE FORM

COURSE TITLE Accounting III

COURSE PREFIX AND NO.

ACCT 1120 LEC

4 LAB

1 CREDIT HOURS

4

COURSE DESCRIPTION:

This is the final course of the three accounting principles series and offers an introduction to

management accounting, manufacturing operations and cost accounting systems. Other topics covered

include budgeting, cost-volume-profit analysis, performance evaluation, activity-based costing, just-in-

time environments, incremental analysis, decision-making and capital investment analysis. Applications

are illustrated throughout the course.

COURSE PREREQUISITES:

ACCT 1110 with a grade of C or better

RATIONALE:

The study of accounting is essential in a business education. As the language of business, it is relevant

for all business careers and critical in helping to make business decisions. Students are offered a clear,

organized curriculum, which challenges and inspires them to develop core skills and competencies as they

participate in the management of business. The basic procedures and principles covered in ACCT 1100

(Accounting I) and ACCT 1110 (Accounting II) are applied as related to management accounting.

REQUIRED TEXTBOOKS and/or MATERIALS:

Title: Accounting(Chapters 15 - 23)

Edition: 8e, 2009

Author: Charles T. Horngren, Walter T. Harrison, Jr., and M. Suzanne Oliver

Publisher: Pearson Prentice Hall

Materials: Access to MyAccountingLab (MAL)

Attached course outline written by: Peg Johnson Date December 15, 2009Reviewed/Revised by: All Full-Time Accounting Faculty Date October, 2011

Effective quarter of course outline: 11/WI Date October, 2011

Dean: ________________________________________ Date

Course Objectives, Topical Unit Outlines, and Unit Objectives must be attached to this page


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TITLE: Accounting III PREFIX/NO. ACCT 1120

Upon completion of this course, the student will demonstrate competencies in the areas of the

following objectives:

COURSE OBJECTIVES:

1. Distinguish management accounting from financial accounting.2. Describe the flow of costs through a manufacturers inventory accounts.3. Explain and distinguish between job order and process cost accounting systems.4. Apply job order accounting to a manufacturing business.5. Describe cost-volume-profit relationships and compute break-even points and plan profits using CV6. Define cost behavior and cost allocation, and explain cost classifications.7. Describe the budgeting process, and identify and prepare components of the master budget.8. Apply responsibility accounting in analyzing performance of responsibility centers.9. Prepare and use flexible budgets.10.Define and compare the activity-based management (ABM) and just-in-time (JIT) systems.11. Demonstrate the use of relevant information in decision-making.12.Use analytical concepts in evaluating capital budgeting decisions.

TOPICAL UNIT OUTLINE/UNIT OBJECTIVES:

Upon completion of this course, the student will be able to:

UNIT I. Introduction to Management Accounting

1. Distinguish management accounting from financial accounting2. Identify trends in the business environment and the role of management accountability3. Classify costs: period vs. product; direct material, direct labor, and overhead4. Prepare an income statement for a service company, merchandising company, and manufacturing

company

5. Identify the standards of ethical conduct for management accountantsUNIT II. Job Order Costing

1. Distinguish between job order costing and process costing2. Record materials, labor, and overhead in a job order costing system3. Record completion and sales of finished goods and the adjustment for over- or under-allocated

overhead4. Calculate unit costs for a service company

UNIT III. Process Costing (Optional topic)

1. Distinguish between process costing and job order costing2. Define and compute equivalent units of production3. Use process costing to assign costs to units completed and to units in ending work in process

inventory


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UNIT IV. Activity-Based Costing and Other Cost Management Tools

1. Distinguish between activity-based costing and a traditional costing methodology2. Apply activity-based costing (ABC)3. Use activity-based management (ABM) to achieve target costs4. Define the just-in-time (JIT) operating philosophy and identify the elements of a JIT operating

environment

5. Define and apply JIT (backflush) costing (optional)6. Identify the four types of quality costs used in decision-making (optional)

Unit V. Cost-Volume-Profit Analysis

1. Define cost behavior and identify variable costs vs. fixed costs2. Separate mixed costs into their variable and fixed components using the high-low method3. Identify how changes in volume affect costs4. Define relevant range and indicate how it applies to CVP analysis5. Use CVP analysis to compute breakeven points, for profit planning, and for sensitivity analyses6. Calculate breakeven point for multiple product lines or services

Unit VI. Short-Term Business Decisions

1. Identify relevant vs. irrelevant information to be used in decision-making2. Apply the use of relevant information and incremental analysis to short-term decision-making

Unit VII. Capital Investment Decisions

1. Identify the types of projected costs and revenues used to evaluate alternatives for capitainvestment

2. Demonstrate the use of payback, accounting rate of return, and discounted cash-flow models tomake long-term capital budgeting decisions

UNIT VIII: The Master Budget and Responsibility Accounting

1. Define budgeting and explain its role in the management cycle2. Prepare an operating budget and a financial budget3. Define a responsibility center and distinguish between cost, profit and investment centers4. Prepare performance reports for responsibility centers

UNIT IX: Flexible Budgets and Standard Cost

1. Prepare a flexible budget income statement2. Prepare an income statement performance report3. Identify the benefits of standard costs and determine how to set standards (optional)4. Compute standard cost variances for direct materials and direct labor (optional)5. Analyze manufacturing overhead in a standard cost system (optional)

UNIT X: Performance Evaluation and the Balanced Scorecard

1. Use ROI, RI, and EVA to evaluate investment centers2. Describe the balanced scorecard and identify key performance indicators (optional)3. Use performance reports to evaluate cost, revenue, and profit centers (optional)


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COURSE REQUIREMENTS/EVALUATION:

Upon completion of this course, the student will have acquired a more advance knowledge of accounting procedures

and topics. The competence of the student will be evaluated by the satisfactory completion of exams, assignmentsand/or projects based on the performance objectives.

Instructional Standards for Accounting Principles ClassesIn keeping with Metropolitan Community Colleges mission to serve a diverse community of life-long learners by

providing quality educational opportunities, the full-time accounting faculty emphasizes the following standards for

accounting principles (ACCT 1100, 1110, and 1120) classes taught at the College:

ASSESSMENT: Assessment methods requiring each individualstudent to demonstrate his or her personal

abilities are consistent with program goals. Although group work may be an important part of the course, each

accounting student must be able to demonstrate individual competence and his/her ability to understand concepts

independently.

Appropriate learning assessment methods includeclosed-bookand in-class individual assessment, e.g.,

examinations, case studies, projects. The combination of selected assessments used to evaluate student progress

and final grading practices should reflect a ratio of at least 2/3 in-class individual closed-book procedures

(permitting a possibility of 1/3 out-of-class assessment and/or team-oriented assessment techniques if the

instructor desires). Although offering out-of-class and/or team assessment methods is discretionary, such

approaches are appropriately used to augment (not replace) in-class individual approaches consistent with the

departments emphasis on individual assessment.

Examinations/tests that are at least 60% problem-oriented and utilization of MyAccountingLab Online Homework

and Assessment Manager are consistent with course objectives.

LAB TIME: Holding class for the entire allotted class time is considered to be a

basic requirementaccording to College policy and it is the instructors responsibility to do so. Although the

accounting principles classes allow for lab time, lab time should not be considered any differently than regular class

time meeting all lab time with the entire class is expected! The instructor may decide

the best use of lab time reviewing homework, doing practice problems, presenting new concepts, etc.

RETURNING / REVIEWING HOMEWORK AND COURSE ASSIGNMENTS: It is a fundamental principle of

learning theory that feedback is an important element in the learning process, and the timeliness of appropriate

feedback makes it more meaningful and beneficial to the student. This is especially true in a discipline such as

accounting where the course material builds on previous assignments and learning topics. With this in mind, it isimportant to review and return homework and other class assignments on a timely basis in order to allow the

students to make use of feedback in their preparation for examinations and future class assignments.

The full-time and adjunct accounting faculty of Metropolitan Community College is committed to offering our

students the best accounting education available. To achieve this goal, it is imperative that we maintain both high

academic standards and appropriate academic rigor, and that we encourage our students to be responsible for

their own individual development, advancement, and learning.


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COURSE OBJECTIVES/ASSESSMENT MEASURES

COURSE OBJECTIVES ASSESSMENT MEASURES

1. Distinguish management accounting from financial accou 1. Problem-centered examination with at least 60%

problems. Use of MyAccountingLab Online Homework

and Assessment Manager.

2. Describe the flow of costs through a manufacturers

inventory accounts

2. Problem-centered examination with at least 60%



3. Explain and distinguish between job order and process

cost accounting systems

3. Problem-centered examination with at least

60% problems. Use of MyAccountingLab Online

Homework and Assessment Manager.

4. Apply job order accounting to a manufacturing

business

4. Problem-centered examination with at

least 60% problems. Use of MyAccountingLab OnlineHomework and Assessment Manager.

5. Describe cost-volume-profit relationships and

compute break-even points and plan profits using CVP




6. Define cost behavior and cost allocation, and explain

cost classifications




7. Describe the budgeting process, and identify and

prepare components of the master budget




8. Apply responsibility accounting in analyzingperformance of responsibility centers

8. Problem-centered examination with at least 60%problems. Use of MyAccountingLab Online Homework


9. Prepare and use flexible budgets 9. Problem-centered examination with at least 60%



10. Define and compare the activity-based management

(ABM) and just-in-time (JIT) systems




11. Demonstrate the use of relevant information in

decision-making



and Assessment Manager.12. Use analytical concepts in evaluating capital

budgeting decisions




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