Managerial Accounting

Home page Accounting Department University of Arkansas - Monticello Home Page


Spring 2014 - Section 100401 10:10 - 11:00 Mon., Wed.  Friday Room 307
Dr. Ted M. Hammett
Office - 317 BBC
(870) 460-1641 Office


ACCT 2213 : Financial Accounting

Office Hours:

My office hours are posted on my door and on my website which is given above.

 Purpose & Objective:

The principles of managerial accounting is to provide students with the tools to become intelligent users and developers of financial information within a corporate setting.  This course is designed to provide students with diverse backgrounds, the opportunity to succeed in business and management today.  This course is intended to address the following objectives:


1.                  Provide an understanding of accounting information by management.

2.                  Reflect business practice as it is today in a context that is relevant to today’s business people

 Required Textbook:

Kimmel, Paul D, Jerry J. Weygandt, Donald E. Kieso. Accounting: tools for business decision making. 4th. Edition, John Wiley & Sons, Inc., 2011.

 Requirements for Evaluation: 

All parts have equal weight - Homework that is taken up will be the Problems, exercises are done in class but you are encouraged to do them in advance. 

Examinations are as follows:

                                                                    After Chapter : 15

                                                                    After Chapter : 18

                                                                    After Chapter : 21

                                                                    After Chapter : 23 (Final Exam Post Test represents 20% of the final)

 Grading Policy:

Because of the bonus opportunities and take-home portions on all tests except the final the following grades are given without appeal:

                                                 100  -  90   =    A                                                          79  -   70    =    C

                              89  -  80    =    B                                                          69  -   60    =    D

Below 60  =     F

 Bonus Opportunity:

Bonus points are possible with a bonus question on all in-class tests excluding the final.  3 points per test.  In addition, there is an opportunity to take quizzers on-line which will provide 3 points added to the average for a perfect score, (you can receive a prorated portion of these points)

NOTE:  The testing policy is – if you have take a test late you will forfeit 10 points for each day late that you take the test late (not counting weekends or legitimate exceptions).  More than three days late in taking the test will result in a grade of zero (“0”).

 There is no exemption for the final exam in this class so don’t even ask.

 Your performance in this subject is directly related with your doing the homework and all class assignments.  Homework will be taken up at random during the semester, and graded.  This grade is applied as an additional test grade.

 Attendance Policy:

As part of the requirement of the University I will be taking attendance for each class period.  I have an attendance policy as documented in the "absence and Grading Policy" attached to this outline.   You are all adults and have paid for this course, don't cheat yourself by not attending class.  As a professional, you will be expected to be responsible for showing up for work and accomplishing the tasks required of you.

Other inappropriate behavior:

Cheating if a student is found cheating in the taking of a test they will receive a grade of zero on that test and it will not be dropped (the next lowest grade will be) in determination of a final grade in the class.  Cheating is the same a stealing.  As a business student your ethical compass needs to be true you will be dealing with people who assume you are skilled in what your degree is in. If you cheated to get the degree what are you doing to the company or client you are working for?

Plagiarism is serious as well, it to is stealing others work and claiming it for yourself. You must give credit for five or more words in a sequence taken from another source by using quotation marks and indicating the source of the quote, and you must indicate the source of other factual information and ideas, whether you are quoting or paraphrasing. Citing a source does not excuse the practice of copying and pasting text into your paper.  All material must be either quoted with quotation marks or paraphrased in your own words. Copying another student’s work in part or whole is also plagiarism. Plagiarism in an assignment may result in a failing grade for the assignment.  You cannot self-plagiarize by turning in papers or assignments that were prepared for other classes without prior permission from the instructor.  If a student is found to have plagiarized parts of an assignment, a failing grade on the assignment may be given. 

Students with Disabilities:

It is the policy of the University of AR at Monticello to accommodate individuals with disabilities pursuant to federal law and the University’s commitment to equal educational opportunities.  It is the responsibility of the student to inform the instructor of any necessary accommodations at the beginning of the course.  Any student requiring accommodations should contact the Office of Special Student Services located in Harris Hall Room 120; phone 870 460-1026; TDD 870 460-1626; Fax 870 460-1926.

 McGehee:  Office of Special Student Services representative on campus; phone 870 222-5360; fax 870 222-1105.

 Crossett:  Office of Special Student Services representative on campus; phone 870 364-6414; fax 870 364-5707.

Class Schedule:

January 8 Introduction and administrative matters. Chapter 14 lecture   Homework Exercises 14-7, 8, *9, *10, *12; Prob. 14-5A    *time permitting

10 Chapter 14 lecture
13 Chapter 14  lecture
  15 Homework from Chapter 14 due - Chapter 15 lecture - Exercises 15-2, 4, 5, 7, 9, 10, 11, 12, 13; Prob. 15-2A, 15-4A

  17 Chapter 15 lecture
  22 Chapter 15  lecture
    24 Chapter 15  lecture  
  27 Chapter 15  lecture

  29 Examination Chapters  14-15
  31 Homework from Chapter 15 due - Chapter 16 lecture - Exercises 16-5,6, 7, 9, 11, 12, 15; Prob. 16-1A, 16-3A  
February 3 Chapter 16 lecture
5 Chapter 16 lecture


7 Chapter 16  lecture  
10 Chapter 16  lecture
12 Homework from Chapter 16 due - Chapter 17 lecture - Exercises 17-1, 3, 6, 10; Prob. 17-3A

  14 Chapter 17 lecture
  17 Chapter 17 lecture
  19 Chapter 17 lecture

  21 Homework from Chapter 17 due - Chapter 18 lecture - Exercises 18-3, 5, 6, 9, 11, 13; Prob. 18-2A, 18-4A
  24 Chapter 18  lecture
  26 Chapter 18  lecture
  28 Chapter 18  lecture

March 3 Examination Chapters  16-18
5 Homework from Chapter 18 due - Chapter 19 lecture - Exercises 19-2, 6, 9, 12; Prob. 19-1A, 19-2A
7 Chapter 19  lecture

10 Chapter 19  lecture
12 Chapter 19  lecture
14 Homework from Chapter 19 due - Chapter 20 lecture - Exercises 20-3, 5, 7, 15; Prob. 20-2A
  17 Chapter 20  lecture
  19 Chapter 20  lecture  (NOTE:  Last day to Drop with a "W")

  21 Chapter 20  lecture
  31 Homework from Chapter 20 due - Chapter 21 lecture - Exercises 21-3,4, 8, 11,13, 14, 16; Prob. 21-3A
April 2 Chapter 21  lecture 

4 Chapter 21  lecture 
7 Chapter 21  lecture 
9 Examination Chapters 19- 21 
11 Homework from Chapter 21 due - Chapter 22 lecture - Exercises 22-2,3,5, 6, 7, 10, 11; Prob. 22-2A

14 Chapter 22 Lecture 
16 Chapter 22 Lecture 

  18 Chapter 22 Lecture 
  21 Homework from Chapter 22 due - Chapter 23 lecture - Exercises 23-2, 4, 5, 7, 8, 10; Prob. 23-4A 
23 Chapter 23 Lecture 

  25 Chapter 23 Lecture 
    28 Chapter 23 Lecture   
May 2 Final Examination Room 307 (1:30 - 3:30)