ACC 202
Managerial Accounting
Tuesday 7:00 - 9:40 pm

Required Text:   

Financial and Managerial Accounting, A Corporate Approach, Fifth Edition - Needles, Powers, Mills, Anderson - Working Papers Chapters 15-28

Course Description:

This is the second of a two part course.  During this semester, we will study the Statement of Cash Flows, financial statement analysis and different areas in the managerial accounting field.  We will cover chapters 14-18, 20-24, 27, 28 and Appendix D.

Requirements of the Student:

It is important for you to understand at the beginning of this semester what is expected of you in this course.  Like most accounting courses, this course requires many hours of preparation before coming to class in order to master the concepts covered.

You are required to:

1. Carefully read all assigned materials BEFORE they are discussed in class. 

2. Answer all assigned problems BEFORE they are discussed in class. If you are unable to solve any problems, bring your questions to class.  Working problems is extremely important to your success in this class.  You may find it helpful to work in groups of 2 or 3 persons.  It is extremely important that you organize your homework answers in a neat, precise, and professional manner.

3. Correct all homework problems found to be incorrectly answered.

4. Be aware of the fact that there may not be enough time to discuss every concept presented in the reading material.  However, all reading assignments will be considered "fair game" for examinations.  Should you have questions about a concept not covered in class, raise them immediately either in class or during my office hours.  Failure to ask questions about the reading material and homework assignments will result in an assumption by the instructor that you understand the material covered.

5. Submit for review your solutions to homework and comprehensive problems upon request on the due date.  No credit will be given unless they are submitted on time.

6. Take examinations and quizzes when given.  Examination make-ups are extremely rare and are handled on a case by case basis.

Requirements of the Instructor:

1. To meet all scheduled classes related to this course.

2. To keep office hours as faithfully as I keep class hours.

3. To adequately prepare for each class.

4. To develop test and quiz material to test your understanding of the course content.

5. To remember that my prime responsibility is to the students of WNCC.

6. To evaluate the performance of each student properly enrolled in this course in a fair and consistent manner.

Evaluation of Performance:

Your final course grade will be weighted bases on the following areas:

The instructor reserves the right to issue a grade of "F" if warranted in the particular circumstances, however, in most cases a grade of "W" will be issued if the student fails to complete the course or earns  a final grade which is below 60%.

Examinations:

There will be 4 examinations given throughout the semester covering material assigned since the last exam.  Examination #1 will consist of one take home problem covering chapter 14, 27 and Appendix D.  The remaining three examinations will be closed book and will cover the chapters listed.  Make up exams will be allowed only with the prior consent of the instructor and must be made up before the next class meeting.

Comprehensive Problems:

An excellent opportunity to apply the knowledge of the material covered in certain chapters will be provided in the completion of a comprehensive problem.  I will hand this our after the completion of Chapter 17.  We will discuss these in greater detail at that time.

Take Home Quizzes:

Your will be given a take home quiz at the end of each chapter.  The lowest 1 score will be thrown out.  You are encouraged to use your book to obtain the best possible score.

Homework and Instructor Evaluation:

You are expected to read and complete all scheduled assignments prior to coming to class.  You will be responsible for checking the accuracy of your assignments before handing them in. Do not take the importance of completing the homework assignments lightly.  You will find that you will do better in this class if you at least attempt the homework problems before they are discussed in class.   The instructor evaluation will be based on attendance, the students willingness and ability to participate in any class discussion, as well as the neatness and quality of all assignments.  You are allowed 3 absences throughout the semester.  If an emergency comes up, you must contact the instructor.  If there has been no contact, after the 4th absence, you will be considered for withdrawal from the course.