ACCT 331

Managerial Accounting
Fall 2016
Instructor:
Office:
Phone:
E-mail:

Trevor Sorensen, PhD, CPA

311 B&E Building
(304) 293-7947 (Office)
[email protected]

Class:

MWF 12:30 1:20 Room BUE 230 (CRN 82394)

MWF 1:30 2:20 Room BUE 230 (CRN 81367)

Office Hours: MWF 9:00 11:00 am.

Required Text
Cost Accounting. Horngren, Datar, Foster, Rajan, & Ittner. Pearson Education, Inc 2015. (15th edition).
Description
Accounting 331 introduces students to the basic terms, concepts, analyses, uses, and procedures used in cost
accounting. Students will have the opportunity to examine how cost accounting is used for planning and
controlling and is a managerial tool for business strategy, decision making, and implementation. Other topics
include multi-national considerations in cost accounting, an examination of fraudulent cost accounting schemes,
and the professions code of ethics. Current topics will be discussed as applicable.
Objectives
Demonstrate an understanding of managerial accounting
Identify elements of a relevant code of professional conduct
Expectations
Students will develop an understanding and the application of the following concepts:
Students will demonstrate an understanding of managerial and cost accounting
Students will identify aspects of a relevant accounting code of conduct
o The Institute of Management Accountants Code of Ethics
Students will develop and use tools for planning and control
Students will identify and use appropriate information for decision making
Students will demonstrate various cost allocation methodologies
Students will develop and utilize information for investment decisions
Students will demonstrate an understanding of multinational implications
Students will use the above in a team project and will demonstrate verbal communications, presentation
skills, and team skills
Professionalism
In an effort to instill good professional habits, I note the following:
Students are expected to attend class regularly
Students are expected to be punctual to class
Students are expected to make and keep office hour appointments
Students must either turn their cell phones off or set to vibrate
Students are expected to dress appropriately for class
Students are expected to turn in assignments during class on the specified day
Participation is important! Students are expected to ask questions, discuss topics, and make comments
in a respectful manner to both the professor and each other.

Students may not disrupt or hinder the opportunity for others to learn while in class.
o First offense 2 points off grade for the entire course
o Second offense 8 additional points off grade for the entire course
Failure to do any of the above may result in a grade reduction of more than 30 points.
Grading
Exams (140 points each x 5)
Homework (highest 12 x 10 points)
Ethics Quiz
Chapter Quizzes (highest 12 x 10 points)
Participation and attendance
Total

700 points
100 points
30 points
100 points
30 points
1,000 points

(70% of grade)
(12% of grade)
( 3% of grade)
(12% of grade)
( 3% of grade)
(100% of grade)

Scale
A
AB+
B
BC+
C
CD
F

91 to 100 %
90 to < 91 %
89 to < 90 %
81 to < 89 %
80 to < 81 %
79 to < 80 %
71 to < 79 %
70 to < 71 %
60 to < 70 %
< 60 %

(910 to 1,000 points)

(900 to 909 points)
(890 to 899 points)
(810 to 889 points)
(800 to 809 points)
(790 to 799 points)
(710 to 789 points)
(700 to 709 points)
(600 to 699 points)
(less than 600 points)

In this and other courses you are taught the skills necessary to become an accountant. Therefore, at a minimum,
you should be able to maintain your own copies of papers, keep track of your own points, be able to calculate
your own grade, and understand what is necessary for you to achieve your grade goal. This is bookkeeping at
the simplest of levels.

Exams and Assignments

Exams
Students are expected to take exams on the scheduled exam date. Midterm exams will only include material
from the most recent set of chapters covered in class. The final exam will include some comprehensive
questions from all sections but will predominantly be based on the most recent material covered.
Consistent with University guidelines, any student absent from a regularly scheduled examination(s) because of
authorized University activities (which, for sake of clarity, includes job interviews for employment related to
the students degree of study following graduation) will have the opportunity to take the examination at an
alternate time, but only if such student provides the Instructor with written proof of such authorized University
activity at least seventy-two (72) hours in advance of the regularly scheduled examination. Make-up exams
will take place on the last day of class in the room where the class regularly meets.
Homework
Homework will be assigned for each chapter covered in class using Peasrons MyAccountingLab. The link can
be accessed through eCampus. Each assignment is due by 11:59 pm on the day noted in the daily schedule.
Homework may not be made up if the deadline is missed. These assignments are designed to reinforce
techniques and topics discussed in class and to prepare the student for quizzes and examinations. You have
unlimited attempts on the homework but must score over 90% to receive full credit. (Only the highest attempt

will be counted so you are free to redo the homework as practice for any quizzes or exams.) The highest 12
homework assignments will be counted for credit.
Quizzes
Quizzes are designed to further reinforce the materials assigned and to assist the students in preparation for the
examinations. Quizzes will be delivered through eCampus. The highest 12 quizzes will be counted for credit.
The first quiz on the IMA Code of Ethics is separate from the others. Students who score lower than 70% on the
quiz must write a 5-page paper on an ethical dilemma to be chosen by me. This is not optional.
Participation
Participation is measured by a number of factors, including but not limited to class attendance, interaction in
discussions, and attendance and participation in limited evening seminars. Students start with 20 points and can
increase or decrease the amount of points based on the professionalism standards stated above.
Extra-Credit
Extra-credit opportunities will be available through the semester as raw points to be added on top of the 1,000
point potential. Extra-credit opportunities will include attending presentations by selected evening speakers
during the semester, participating in selected academic research, and any opportunities that present themselves.
Academic Integrity Statement
The integrity of the classes offered by any academic institution solidifies the foundation of its mission and
cannot be sacrificed to expediency, ignorance, or blatant fraud. Therefore, your professor will enforce rigorous
standards of academic integrity in all aspects and assignments of this course. Academic integrity infractions can
include, but are not limited to, copying and presenting the work of another as your own, collaborating with
others on assignments intended to be done individually, using unauthorized resources such as an instructors
manual to complete assignments, copying the work of others during an exam, and failing to reference the work
of others or creating fake references in your assignments. Should you have any questions about possibly
improper research citations or references, or any other activity that may be interpreted as an attempt at academic
dishonesty, please see your professor before the assignment is due to discuss the matter. You may receive a
failing grade in any assignment, exam, or course in which an infraction takes place as well as face consequences
at the college and/or University level. For the detailed policy of West Virginia University regarding the
definitions of acts considered to fall under academic dishonesty and possible ensuing sanctions, please see the
West Virginia University Academic Catalog
at: http://catalog.wvu.edu/undergraduate/coursecreditstermsclassification/#academicintegritytext
Diversity, Equity and Inclusion
The West Virginia University community is committed to creating and fostering a positive learning and
working environment based on open communication, mutual respect, and inclusion. For more information on
West Virginia Universitys Diversity, Equity, and Inclusion initiatives, please see http://diversity.wvu.edu/.
Disability Accommodations
If you are a person with a disability and anticipate needing any type of accommodation in order to participate in
this class, please advise me and make appropriate arrangements with the Office of Accessibility Services (304293-6700).

Date
8/17
8/19
8/22
8/24
8/26
8/29
8/31
9/2
9/5
9/7
9/9
9/12
9/14
9/16
9/19
9/21
9/23
9/26
9/28
9/30
10/3
10/5
10/7
10/10
10/12
10/14
10/17
10/19
10/21
10/24
10/26
10/28
10/31
11/2
11/4
11/7
11/9
11/11
11/14
11/16
11/18

DAILY SCHEDULE
ACCT 431 - Fall 2016

Topic
Course Overview & Syllabus; What is Management Accounting?
Ethics and the IMA Code of Ethics
Ch 2 - An Introduction to Cost Terms and Purposes
Ch 3 - Cost-Volume-Profit Analysis
Ch 3 - Cost-Volume-Profit Analysis
Ch 4 - Job Costing
Ch 4 - Job Costing
Ch 17 - Process Costing
Labor Day - No School
Arnett Carbis Toothman (Mountainlair - Gluck Theatre at 2:00 p.m.) - No Class
Ch 17 - Process Costing
Exam 1
Ch 5 - Activity-Based Costing and Activity-Based Management
Ch 5 - Activity-Based Costing and Activity-Based Management
Ch 9 - Inventory Costing and Capacity Analysis
Ch 9 - Inventory Costing and Capacity Analysis
Ch 18 - Spoilage, Rework, and Scrap
Ch 18 - Spoilage, Rework, and Scrap
Ch 10 - Determining How Costs Behave
Ch 10 - Determining How Costs Behave
Exam 2
Ch 6 - Master Budget and Responsibility Accounting
Ch 6 - Master Budget and Responsibility Accounting
Ch 7 - Flexible Budgets, Direct-Cost Variances, and Management Control
Ch 7 - Flexible Budgets, Direct-Cost Variances, and Management Control
Ch 7 - Flexible Budgets, Direct-Cost Variances, and Management Control
Ch 8 - Flexible Budgets, Overhead Cost Variances, and Management Control
Ch 8 - Flexible Budgets, Overhead Cost Variances, and Management Control
Ch 8 - Flexible Budgets, Overhead Cost Variances, and Management Control
Exam 3
Ch 13 - Pricing Decisions and Cost Management
Ch 13 - Pricing Decisions and Cost Management
Ch 14 - Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
Ch 14 - Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
Ch 14 - Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis
Ch 15 - Allocation of Support-Department Costs, Common Costs, and Revenues
Ch 15 - Allocation of Support-Department Costs, Common Costs, and Revenues
Ch 15 - Allocation of Support-Department Costs, Common Costs, and Revenues
Exam 4
Ch 11 - Decision Making and Relevant Information
Ch 11 - Decision Making and Relevant Information

HW/Quiz

Ethics
Ch 3
Ch 4

Ch17

Ch 5
Ch 9
Ch 18
Ch 10

Ch 6

Ch 7

Ch 8

Ch 13

Ch 14

Ch 15

11/21
11/23
11/25
11/28
11/30
12/2
12/5
12/9
12/12

Thanksgiving Break
Ch 11
Ch 16 - Cost Allocation: Joint Products and Byproducts
Ch 16 - Cost Allocation: Joint Products and Byproducts
Ch 21 - Capital Budgeting and Cost Analysis
Make-Up Exam/Study Day
Final Exam Section 002 11:00 a.m. to 1:00 p.m.
Final Exam Section 001 2:00 p.m. to 4:00 p.m.

Ch 16