2. The student will understand cost-volume-profit relationships and will apply them to business problems. 3. The student will understand budgetary planning and control and will prepare a master budget, using standard cost systems, and capital budgeting techniques. 4. The student will format and complete the statement of cash flows and apply the information to business problems. 5. The student will understand the importance of financial statement analysis and will perform such an analysis. CLASS SCHEDULE: MODULE TOPIC ASSIGNMENTS Starting our Course: Orientation & Module 1 Starting Our Course: Orientation CH 14 (Appendix D) Statement of Cash Flows: Identify the purposes of the statement of cash flows and distinguish among operation, investing, and financing cash flows Prepare the statement of cash flows by the indirect method Use free cash flow to evaluate business performance Prepare the statement of cash flows by the direct method Prepare the statement of cash flows by the indirect method using a spreadsheet Acceptance of Syllabus and Course Expectations Quiz (Starting our Course: Orientation*) Homework CH14: (Graded Assignments in MyAccountingLab) Chapter Exam CH14: (Graded Assignments in MyAccountingLab) *NOTE: You will not have access to the “module” content of the course until this quiz has been completed. MODULE TOPIC ASSIGNMENTS Module 2 CH 15 (Appendix E) Financial Statements Analysis: Explain how financial statements are used to analyze a business Perform a horizontal analysis of financial statements Perform a vertical analysis of financial statements Homework CH15: (Graded Assignments in MyAccountingLab) Chapter Exam CH15: (Graded Assignments in MyAccountingLab)
Compute and evaluate the standard financial ratios Complete a corporate income statement including earnings per share Begin Comprehensive Problem (Graded Assignments in 15) Module 3 CH 16 Introduction to Managerial Accounting: Define managerial accounting and understand how it is used Describe the difference between service, merchandising, and manufacturing companies Classify costs for service, merchandising, and manufacturing companies Prepare an income statement and schedule of cost of goods manufactured for a manufacturing company and calculate cost per item Calculate cost per service for a service company and cost per item for a merchandising company CH 17 Job Order Costing: Distinguish between job order costing and process costing Record materials and labor in a job order costing system Calculate the predetermined overhead allocation rate and allocate overhead costs Record completion and sales of finished goods Adjust for overallocated and underallocated overhead Calculate job costs for a service company Homework CH16: (Graded Assignments in MyAccountingLab) Homework CH17: (Graded Assignments in MyAccountingLab) Chapter Exam CH16&17: (Graded Assignments in MyAccountingLab) Continue working on Comprehensive Problem (Graded Assignments in 15) MODULE TOPIC ASSIGNMENTS Module 4 CH 18 Process Costing: Describe the flow of costs through a process costing system Calculate equivalent units of production for direct materials and conversion costs Prepare a production cost report using the weighted-average method Homework CH18: (Graded Assignments in MyAccountingLab) Homework CH20: (Graded Assignments in MyAccountingLab)
Prepare journal entries for a process costing system Use a production cost report to make decisions CH 20 Cost-Volume-Profit Analysis: Determine how changes in volume affect costs Calculate operating income using contribution margin and contribution margin ratio Use cost-volume-profit (CVP) analysis for profit planning Use CVP analysis to perform sensitivity analysis Use CVP analysis to calculate margin of safety, operating leverage, and multiproduct breakeven points Chapter Exam CH18&20: (Graded Assignments in MyAccountingLab) Continue working on Comprehensive Problem (Graded Assignments in 15) Module 5 MODULE CH 21 Variable Costing: Distinguish between variable costing and absorption costing Compute operating income using variable costing and absorption costing Use variable costing to make management decisions for a manufacturing business Use variable costing to make management decisions for a service business TOPIC Homework CH21: (Graded Assignments in MyAccountingLab) Homework CH22: (Graded Assignments in MyAccountingLab) Chapter Exam CH21&22: (Graded Assignments in MyAccountingLab) Due Comprehensive Problem (Graded Assignments in 15) ASSIGNEMENTS Module 5 (continued) CH 22 Master Budgets: Describe budgeting objectives, benefits, and procedures and how human behavior influences budgeting Define budget types and the components of the master budget Prepare an operating budget for a manufacturing company