Students will prepare a 3 to 4 page paper on the accounting topic of their choice (ethics, taxes, bookkeeping, financial statements, etc) as it relates to the course content. The paper will be graded based on the accurate use of English, the organization, and the accurate and complete reflection of the research conducted to complete assignments. The due date of the research paper will be announced at the first class meeting. Late papers will be accepted with a loss of 5% each class meeting it is not submitted.
Students are required to submit a reference page of all resources used to complete the paper. Students should be very mindful to avoid plagiarism violations and cite references as appropriate. Any plagiarism violations will result in penalties as outlined in the Academic Honor Code found in the course catalog
Topics Covered in the Course
Managerial Accounting
Manufacturing Accounting, JIT Environment, Overhead, Allocation of Costs
Variance Analysis: Materials, Labor, Overhead, Flexible, Direct
Budgets: Master, Sales, Production, Material, Overhead, Selling and Administrative, Cash
Decentralization: Responsibility Accounting, Segment Reporting, Profit Center Performance, Balanced Scorecard
Financial Statement Analysis: Horizontal, Vertical, Ratio Analysis, Inflation Adjustments
Statement of Cash Flows: Operating, Investing, Financing, Direct vs. Indirect
Product Costing: Manufacturing, JIT, Cost Flows
Job and Process Costing, Under- and Over-Applied Overhead, Pre-Determined Overhead Rates
Allocation of Service Department Costs
Activity-Based Costing
Cost Behavior: Variable vs. Fixed, Regression Analysis, High/Low Method, Absorption Costing
