Online · School of Business · Accounting, Economics, and Finance Managerial Principles ACCT-212 CG Section 8WK 11/08/2019 to 04/16/2020 Modified 12/12/2022

 Course Description

In this course, students will not only study the principles of managerial accounting used to make more efficient and effective business decisions but will also perform analysis of cost information, budgeting analysis, capital budget decisions and profit analysis through applied learning. Registration Resident: Residential students are only able to take this course residentially.

Requisites

For information regarding prerequisites for this course, please refer to the Academic Course Catalog (https://catalog.liberty.edu/ ).

 Rationale

A foundational course in principles of accounting designed primarily for accounting and business students as part of an integrated business education and also useful for any major who wishes to understand the language of business.

 Course Learning Outcomes

Upon successful completion of this course, the student will be able to: A. Apply managerial accounting principles. (Program Learning Outcomes 1 & 3 – Introduced) B. Estimate costs using job order and process costing. (Program Learning Outcomes 1 & 3 – Introduced) C. Prepare master and flexible budgets. (Program Learning Outcomes 1 & 3 – Introduced) D. Integrate biblical principles related to managerial accounting. (Program Learning Outcome 4 – Emphasize)

 Course Resources

Click on the following link to view the required resource(s) for the term in which you are registered: Liberty University Online Bookstore (https://bncvirtual.com/liberty )

Additional Materials for Learning:A. Computer with basic audio/video output equipment B. Internet access (broadband recommended) C. Canvas recommended browsers (https://community.canvaslms.com/t5/Canvas-Basics-Guide/What-are-the-browser-and-computer-requirements-for-Canvas/ta-p/66 ) D. Microsoft Word and Outlook

 Course Assignments

Textbook readings and lecture presentations Course Requirements Checklist

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After reading the Course Syllabus and Student Expectations (https://www.liberty.edu/institutional-effectiveness/student-expectations/ ), the student will complete the related checklist found in the Course Overview.

Connect Read & Interact and Homework Assignments (12)The student will be assigned homework to complete in Connect. The homework will consist of exercises, problems, and SmartBook/LearnSmart activities. All assignments for a given Module: Week are divided into weekly folders inside of the Connect system.

Discussion: Managerial Accounting EthicsThe student will write a 200 – 250 word essay answering an Ethics Challenge prompt from the textbook. The student will also write a 100 word response to a classmate’s post.

Homework: Analysis and Excel Simulation AssignmentThe student will answer financial statement analysis questions and complete Excel simulations in Connect.

Connect Quizzes (4)There will be 4 quizzes to be completed through Connect. The questions will be true/false and multiple-choice, and vary in number depending on the exam. Questions may contain calculations. Quizzes will be cumulative.

 Course Grading

Course Requirements Checklist 10

Connect Homework Assignments 500

Read & Interact Assignments (12 at 5 pts) 60

Discussion Thread and Reply: Managerial Accounting Ethics 75

Homework: Analysis and Excel Simulation Assignment 125

Connect Quizzes (4 at 60 pts ea) 240

Total 1010

 Course Policies

QuizzesFor timed quizzes, the student is required to complete the quiz within the assigned time. For the student who exceeds this time limit, a penalty of 1 point will be deducted for each minute, or part thereof, he/she exceeds the assigned time limit.

 Policies

Late Assignment PolicyCourse Assignments, including discussions, exams, and other graded assignments, should be submitted on time. If the student is unable to complete an assignment on time, then he or she must contact the instructor immediately by email.

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Assignments that are submitted after the due date without prior approval from the instructor will receive the following deductions:

1. Late assignments submitted within one week after the due date will receive up to a 10% deduction.
2. Assignments submitted more than one week and less than 2 weeks late will receive up to a 20% deduction.
3. Assignments submitted two weeks late or after the final date of the course will not be accepted outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.
4. Group projects, including group discussion threads and/or replies, and assignments will not be accepted after the due date outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.

Disability AssistanceStudents with a disability and those with medical conditions associated with pregnancy may contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) at LUOODAS@liberty.edu for accommodations. Such accommodations require appropriate documentation of your condition. For more information about ODAS and the accommodations process, including how to request an accommodation, please visit https://www.liberty.edu/online/online-disability-accommodation-support/ (https://www.liberty.edu/online/online-disability-accommodation-support/ ). Requests for accommodations not related to disabilities or pregnancy must be directed to the Registrar’s Office, which generally handles medical needs support.

If you have a complaint related to disability discrimination or an accommodation that was not provided, you may contact ODAS or the Office of Equity and Compliance by phone at (434) 592-4999 or by email at equityandcompliance@liberty.edu . Click to see a full copy of Liberty’s Discrimination, Harassment, and Sexual Misconduct Policy (https://wiki.os.liberty.edu/display/IE/Liberty+University+Discrimination,+Harassment,+and+Sexual+Misconduct+Policy ) or the Student Disability Grievance Policy and Procedures (https://www.liberty.edu/disability-support/wp-content/uploads/sites/106/2022/01/Disability-Grievance-Procedures.pdf ).

Course AttendanceIn an effort to comply with U.S. Department of Education policies, attendance is measured by physical class attendance or any submission of a required assignment within the enrollment dates of the course (such as examinations, written papers or projects, any discussion posts, etc.) or initiating any communication with one’s professor regarding an academic subject. More information regarding the attendance policy (https://wiki.os.liberty.edu/display/IE/Online+Attendance+and+Non-Attendance ) can be found in the Academic Course Catalogs (https://www.liberty.edu/academics/course-catalogs/ ). Regular attendance in online courses is expected throughout the length of the term. Students who do not attend within the first week of a sub-term by submitting a required academic assignment (such as the Course Requirements Checklist, an examination, written paper or project, discussion post, or other academic activity) will be dropped from the course. Students who wish to re-engage in the course are encouraged to contact Academic Advising to discuss their enrollment options. Students who begin an online course, but at some point in the semester cease attending, and do not provide official notification to withdraw, will be assigned a grade of “FN” (Failure for Non-Attendance (https://wiki.os.liberty.edu/display/IE/Unofficial+Withdrawals )). Students wishing to withdraw from courses after the official start date should familiarize themselves with the withdrawal policy.

Grading Scale

A B C D F

900-1010 800-899 700-799 600-699 0-599

For courses with a Pass/NP final grade, please refer to the Course Grading section of this syllabus for the assignment requirements and/or point value required to earn a Passing final grade.

Add/Drop Policy

The full policy statement and procedures are published in the Policy Directory (https://wiki.os.liberty.edu/display/IE/Dropping+and+Adding+Online+Classes ).

Honor Code

Liberty University comprises a network of students, Alumni, faculty, staff and supporters that together form a Christian community based upon the truth of the Bible. This truth defines our foundational principles, from our Doctrinal Statement to the Code of Honor. These principles irrevocably align Liberty University’s operational procedures with the long tradition of university culture, which remains distinctively Christian, designed to preserve and advance truth. Our desire is to create a safe, comfortable environment within our community of learning, and we extend our academic and spiritual resources to all of our students with the goal of fostering academic maturity, spiritual growth and character development.

Communities are predicated on shared values and goals. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth.

While we acknowledge that some may disagree with various elements of the Code of Honor, we maintain the expectation that our students will commit to respect and uphold the Code while enrolled at Liberty University.

Adherence to the principles and concepts established within facilitates the success of our students and strengthens the Liberty community.

The Code of Honor can be viewed in its entirety at https://www.liberty.edu/students/honor-code/ (https://www.liberty.edu/students/honor-code/ ).

 Schedule

When Topic Notes

Course Overview

• Student Acknowledgements
• Course Requirements Checklist

Technology Integration Set-Up

• Read: Technology Integration Set-Up Overview
• Explore: McGraw Hill Student Resources
• Prepare: Register for Connect

Module 1: Week 1

• Learn:
  • Read & Interact: 1 item
  • Watch: 1 item
• Apply:
  • Homework: Financial Statement Analysis Assignment

Module 2: Week 2

• Learn:
  • Read & Interact: 2 items
  • Watch: 4 items
• Apply:
  • Homework: Job Order Costing Assignment
  • Homework: Managerial Accounting Assignment
  • Quiz: Financial Statement Analysis and Managerial Accounting

Module 3: Week 3

• Learn:
  • Read & Interact: 2 items
  • Watch: 1 item
• Apply:
  • Homework: Activity Based Costing Assignment
  • Homework: Process Costing Assignment

Module 4: Week 4

• Learn:
  • Read & Interact: 2 items
  • Watch: 1 item
• Apply:
  • Homework: Cost-Volume-Profit Analysis Assignment
  • Homework: Variable Costing Assignment
  • Quiz: Cost Accounting and Analysis

Module 5: Week 5

• Learn:
  • Read & Interact: 2 items
  • Watch: 1 item
• Apply:
  • Discussion Thread: Managerial Accounting Ethics
  • Homework: Master Budgets Assignment
  • Homework: Flexible Budgets Assignment

Module 6: Week 6

• Learn:
  • Read & Interact: 1 item
  • Watch: 1 item
• Apply:
  • Homework: Responsibility Accounting Assignment
  • Quiz: Master and Flexible Budgeting and Responsibility Accounting
  • Discussion Replies: Managerial Accounting Ethics

Module 7: Week 7

• Learn:
  • Read & Interact: 1 item
  • Watch: 1 item
• Apply:
  • Homework: Relevant Costing Assignment
  • Homework: Analysis and Excel Simulation Assignment

Module 8: Week 8

• Learn:
  • Read & Interact: 1 item
  • Watch: 3 items
• Apply:
  • Homework: Capital Budgeting Assignment
  • Quiz: Relevant Costing and Capital Budgeting