UNIVERSITY OF CENTRAL FLORIDA

Kenneth G. Dixon School of Accounting

Principles of Managerial Accounting, Summer 2012
ACG 2071, section A001, MTWR 10:00 11:50
Instructor:
Phone:
E-mail:

V. Scott Smith, MBA

407-823-1459 (office)
Scott.Smith@bus.ucf.edu or
through Webcourses (preferred)

Office:
BA 445
Office Hours: Mon and Wed 1:00 3:30
or by appontment

Grad Assistant:

Jessica Sofranec, e-mail through Webcourses

Lab:
Lab Hours:

BA 241
Mon thru Thurs 8:30am - 10:00 (Jessica)
Mon thru Thurs 12:00 2:30 (Kim)

Key Web Sites:

Homework: http://myaccountinglab.com
Course ID: XL0W-V1G1-601Y-5SU2
Exams (must be taken in CBA testing lab): https://webcourses.ucf.edu
Class Notes and Information: http://web.bus.ucf.edu/faculty/vssmith/
Prerequisites:

Sophomore standing, ACG 2021, and College Algebra

Objectives:

The student will learn how to use accounting information to make management decisions for a company.
Special emphasis will be placed on measurement and behavior of product costs, cost-volume-profit analysis,
budgeting issues and capital investment decisions. Additionally, the student will demonstrate competence in
analytical and problem-solving skills related to accounting information.

Materials:

Required: Braun/Tietz/Harrison, Managerial Accounting, 2e, with MyAccountingLab Access Package

You may acquire the textbook and/or MyAccountingLab (MAL) access code from the following sources:
UCF, CB&S, or Grays Bookstore:
Custom textbook with MAL access code or custom textbook only. Note: this is a special edition (paperback) book
specifically for this class.
Direct Online Purchase Options:
www.mypearsonstore.com
Hardcopy book with MAL access code or hardcopy book only.
www.myaccountinglab.com
MAL access code
Print Companion Upgrade Text (3 hole punch, 4 color, new book sent directly to students home)
Ebook
Method of Instruction: Class sessions will include lectures, problem solving, and class discussion. There may be some class
time devoted to group and individual class work, which will count toward your grade. Students should be active participants
in the classroom. Students are encouraged to ask questions and seek clarification of issues when necessary.
Attendance is critical to the success of the student in the class. Preparation for the class should include reading the textbook
chapter, reviewing lecture notes and power point slides, and working on the listed textbook problems. In addition, students
should bring to class the textbook, along with a copy of any class handouts for the chapter being discussed (can download
from my website). If missing a class, students are responsible for information covered, as well as any changes in
assignments.
MyAccountingLab (MAL) Website: http://myaccountinglab.com/. This website is an essential part of this course and will
be used by all students to complete the Homework section of the class, which is a required component of your grade.
To access MAL for the first time, you need to register and log in. Whenever you want to use MAL after that, you just need
to log in. You can do both from the same starting point at www.myaccountinglab.com. The following information relates to
this course for MyAccountingLab:
Course ID:
XL0W-V1G1-601Y-5SU2
Course Name: ACG 2071 Managerial Acct Summer 2012
Class Website: http://web.bus.ucf.edu/faculty/vssmith/ I will post on this website lecture notes, power points slides, class
handouts, solutions to problems completed in class, and other information related to the class. You should access this website
on a continual basis to review and print out information to follow during the class lectures and for studying of the class
material.

Course Evaluation: Grades will be based as follows:

Exams (3 @ 100 pts, taken in the Testing Lab)
Homework (completed in MAL)
Class Assignments / Quizzes (completed in class)
TOTAL POINTS
Grading Scale: A
B+
B
C+
C
D
F

=
=
=
=
=
=
=

At least 90% of available points

At least 88% but less than 90%
At least 80% but less than 88%
At least 78% but less than 80%
At least 70% but less than 78%
At least 60% but less than 70%
Less than 60%

300 points
100 points
50 points
450 points
(90% x 450 = 405 points)
(88% x 450 = 396 points)
(80% x 450 = 360 points)
(78% x 450 = 351 points)
(70% x 450 = 315 points)
(60% x 450 = 270 points)

Exams: There will be 3 exams given in this class, each worth 100 points. Exams will consist of true/false and multiple
choice questions. No make-up exams will be given. An unexcused absence from an exam will result in a grade of zero for
that exam.
Exams will be given in the College of Business Testing Lab located in BA-II, Room 104, under a flexible testing environment.
The flexible testing environment allows you to take the exam in the testing lab anytime during a scheduled range of days for that
particular exam. You will access the exams through Webcourses. The schedule for each exam is listed on the last page of the
syllabus. You will be allowed up to 150 minutes to complete each exam. Please keep track of your time while taking the exam
because you will not be allowed any additional time once the 150 minutes have expired. Please note that you must finish the
exam no later than the closing time of the testing lab for the last scheduled day of the exam. Testing lab hours are posted at the
testing lab website as well at the end of the syllabus.
You may bring with you to each exam the following:
(1) a 3x5 handwritten or typed index card (front and back)
(2) calculator. (graphing or programmable calculator not permitted)
No other items will be allowed for the exam. Scrap paper will be available in the testing lab. The note card and scrap paper
must be turned in upon exiting the testing lab after finishing the test. Please note that each student will be required to present a
valid UCF Student ID in order to enter the lab.
Cheating: Use of any item in the testing lab other than those listed above is not allowed and will constitute cheating. Accessing
any internet resource, including class notes is also considered cheating. In addition, providing information to other students
regarding test questions and answers prior to the end of the testing date is not allowed and is also considered cheating.
Homework: You may use any class materials available while working on Homework including the textbook, class notes,
completed problems, etc. There will be an assignment for each chapter covered, a total of 11 assignments overall. Each
assignment will be worth a maximum of 10 grade points. Your grade points for each assignment will be calculated by taking
your overall percentage score for that assignment times 10 points. For example, if you earn 85% of the total points for
Homework assignment #1, you would get 8.5 grade points for that assignment (85% x 10 = 8.5 pts). Since there are 11
homework assignments, it is possible to earn up to a total of 110 points (11 x 10), which is essentially one additional extra credit
assignment built into the homework grade, since it is only counted out of 100 points in the denominator portion of your grade
percentage.
Homework due dates are listed on the last page of the syllabus and assignments cannot be completed after the due date.
Class Assignments/ Quizzes: There will be unannounced class assignments/ quizzes given throughout the semester. The
assignments may be worth varying amounts of points individually, however, they will be worth 50 points in total during the
semester. You must be in class to get credit for completing the assignments. The assignments/quizzes will be open book and
open notes and some of the assignments may be completed in groups.
Tutoring Services: The accounting tutoring lab is located in BA 241. Hours for the lab are on the first page of the syllabus,
as well as posted on the class website. If you are in need of assistance with class material, please use the available
tutoring resources. Since this is a fast-paced course over only a 6 week period, it is imperative that you stay up with
class material from Day 1 of this class.

ACG 2071 Tentative Class Schedule Summer 2012

Dates

Chapter

Topic

Textbook Exercises and Problems

and Class Handouts (CH)

5/14

Introduction to Managerial
Accounting , Syllabus

5/15, 16

Building Blocks of
Managerial Accounting

3, 5, 6, 8, 9, 13, 16, 25, 26, 29, 49

5/17

Job Costing

3, 5, 8, 9, 21, 24, 25, 52, 54

CH Cost Flows - Manufacturing

5/21, 22

Activity-Based Costing, Lean

Production, & Costs of Quality

1, 18, 22, 25, 26, 27, 30

CH Quality Costs
CH ABC in Service Business

5/23

Cost Behavior

1, 21, 22, 25, 27, 30, 31, 35, 58

CH Cost Behavior

5/24, 25

2, 3, 4, 6, 8, 9, 11, 12, 15
CH Ethical Behavior

Exam #1: Chapters 1, 2, 3, 4 taken in Testing Lab BA II, room 104

(Thursday thru Friday)

5/28

No class Memorial Day Holiday

5/29

Cost Behavior (continued)

same as above

5/30, 31

Cost-Volume-Profit Analysis

1, 2, 3, 4, 7, 8, 11, 12, 23, 36, 61

CH CVP Problems

6/4, 5

Short-Term Business Decisions

3, 4, 16, 17, 19, 20, 24, 25, 27, 42

CH Sunset Airlines

6/6

The Master Budget and Responsibility

Accounting

1, 3, 4, 5, 6, 10, 12, 14, 30, 31, 32,

37, 61
CH Budget Relationships

6/7, 8

Exam #2: Chapters 6, 7, 8 taken in Testing Lab BA II, room 104

(Thursday thru Friday)

6/11

The Master Budget and Responsibility

Accounting (continued)

same as above

6/12, 13

10

Flexible Budgets and Standard

Costs

3, 4, 5, 6, 18, 25, 27, 62, 63

CH Flexible Budgeting

6/14, 18

11

Performance Evaluation and the

Balanced Scorecard

4, 9, 10, 11, 12, 13, 19, 20, 22, 23, 40

6/19, 20

12

Capital Investment Decisions

2, 4, 7, 8, 11, 15, 25, 26, 27, 28, 29, 30

6/21, 22

Exam #3: Chapters 9, 10, 11, 12 taken in Testing Lab BA II, room 104
(Thursday thru Friday)

Note: There will be no class held the day of the exams

Homework Due Dates: (taken on P4P Website)

Chapter
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6

Due Date (by Monday evening @ 11:59 p.m unless otherwise noted)
5/21/12
5/21/12
5/28/12
5/28/12
(not covered no assignment)
6/04/12

Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12

6/04/12
6/11/12
6/18/12
6/18/12
6/24/12 (note this is a Sunday evening)
6/24/12 (note this is a Sunday evening)

Exam Dates: (taken in Testing Lab BA II, room 104)

Test #
Exam #1
Exam #2
Exam #3

Start Date
Thursday 5/24/12
Thursday 6/07/12
Thursday 6/21/12

End Date
Friday 5/25/12
Friday 6/08/12
Friday 6/22/12

Testing Lab Hours for Summer 2012

The testing lab hours of operation for the summer are as follows:
Monday thru Thursday
Friday
Saturday

7:00 a.m. to midnight

7:00 a.m. to 9:30 p.m.
9:30 a.m to 8:30 p.m.

Students are required to follow the testing lab policies and procedures.
For complete information regarding the testing lab policies and procedures you go to the following website:
http://www.bus.ucf.edu/testinglab/
Disclaimer: Changes in the topics covered, assigned problems and dates may be made at any time during the semester. Any
changes will be announced in class. If you miss class, you are still responsible for the changes.
Academic Honesty Policy: All students are expected to conduct themselves according to the academic behavior standards
published in the UCF student handbook. When a violation of the academic behavior standards becomes known, the
instructor will take appropriate measures which may include loss of credit for an assignment, removal of the student from the
course with a grade of F, or recommendation to the Dean of students that appropriate disciplinary action be taken.