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Fall 2014 - Section 100601 10:10 - 11:00 Monday, Wednesday, Friday Room 304
Dr. Ted M. Hammett
Office - 317 BBC
(870) 460-1641 Office


ACCT 2223 : Managerial Accounting

 Office Hours:

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

Purpose & Objectives of the Course:

Where we once saw free spending on corporate perquisites, we now observe managers carefully examining activities and expenditures to see if they truly add value in excess of their cost.  This is what Cost management is all about adding more value at lower cost.  Costs do not just happen; they are the result of management decisions.  We cannot continue to passively measure costs; we must actively manage costs to deliver more value.  This is accomplished by focusing on what accounting brings to providing management with information and becoming part of the decision making team.  The objectives of the course are listed below:

1.    Provide the tools for analyzing and managing costs.

2.    Discuss and enhance the concept of Activity-Based Management.

3.    Begin the discussion of Planning and Decision Making


Required textbook and materials:

Don R. Hanson, Maryanne M. Mowen. Cornerstone of Cost Accounting. 3rd Edition,  Mason, OH: Thomson Southwest, 2015.  ISBN:  978-1-285-775178-3

Clickers will be required for this class.  ISBN 978-1934931455

Requirements for evaluation (everything is of equal weight):

All parts have equal weight Homework will be taken up at random.  I will be taking up problems only the exercises are to be discussed in class.  You will need to be prepared to discuss the exercises; this will impact your homework grade.

Homework 100 points
After Chapter 2   100 points
After Chapter 4   100 points
After Chapter 6   100 points
After Chapter 8   100 points
After Chapter 10(Final Exam)  
Note:  Post Test Counts as 20% of final
  100 points

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 Opportunities:

Bonus points are possible with a bonus question on all in-class tests including the final exam.  They are worth 3 points each.  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 those point). NOTE: The testing policy is - If you have to take a test late you will forfeit 10 points for each day late that you take the test late (not counting weekends).   More than three days late in taking the test will result in a grade of zero ("0").

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

Your performance in this subject is directly correlated with your doing the homework and all class assignments.  Homework will be taken up and graded at random during the semester.  This grade will be applied to the homework portion of the evaluation and is equivalent to a 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. LAST DATE TO DROP WITH A  "W"  October 30, 2013.

Student Conduct Statement:

The following action is prohibited under the Student Conduct Code: Disorderly Conduct: Any behavior which disrupts the regular or normal functions of the University community, including behavior which breaches the peace or violates the rights of others.

Warning:  I will not tolerate phone texting in my class.  The first time is a warning after that you will lose points off of your test average at the rate of 5 points for each infraction. 

            Students at the University of Arkansas at Monticello are expected to conduct themselves appropriately, keeping in mind that they are subject to the laws of the community and standards of society.  The student must not conduct him/herself in a manner that disrupts the academic community or breaches the freedom of other students to progress academically.


Academic Dishonesty:

1.      Cheating:  Students shall not give, receive, offer, or solicit information on examinations, quizzes, etc. This includes but is not limited to the following classes of dishonesty:

a.       Copying from another student’s paper;

b.      Use during the examination of prepared materials, notes, or texts other than those specifically permitted by the instructor;

c.       Collaboration with another student during the examination;

d.      Buying, selling, stealing, soliciting, or transmitting an examination or any material purported to be the unreleased contents of coming examinations or the use of any such material;

e.       Substituting for another person during an examination or allowing such substitutions for oneself.

2.      Collusion: Collusion is defined as obtaining from another party, without specific approval in advance by the instructor, assistance in the production of work offered for credit to the extent that the work reflects the ideas of the party consulted rather than those of the person whose name in on the work submitted.

3.      Duplicity: Duplicity is defined as offering for credit identical or substantially unchanged work in two or more courses, without specific advanced approval of the instructors involved.

4.      Plagiarism: Plagiarism is defined as adopting and reproducing as one’s own, to appropriate to one’s use, and to incorporate in one’s own work without acknowledgement the ideas or passages from the writings or works of others.


For any instance of academic dishonesty that is discovered by the instructor, whether the dishonesty is found to be cheating, collusion, duplicity, or plagiarism, the result for the student(s) involved will be a zero on that specific project and if it happens a second time a zero in the course.

Students with Disabilities:

It is the policy of the University of Arkansas 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; email:  whitingm@uamont.edu.

For assistance on a College of Technology campus contact:

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:

August 20 Introduction and administrative matters.


Chapter 1 "Introduction to Cost Management"  No Homework for this Chapter

PowerPoint Ch 1

Chapter 2 "Basic Cost Management Concepts"  Homework Cornerstone Exercises 2-1 through 2-4; Problems 2-30

PowerPoint Ch 2
  27 Chapter 2


  29 Chapter 2
September 3 Chapter 2
    5 Examination Chapters  1-2  

Homework from Chapter 2 due Chapter 3 "Cost Behavior" Cornerstone Exercises 3-1 through 3-5; Problem 3-30 .

PowerPoint Ch 3

  10 Chapter 3
12 Chapter 3
15 Chapter 3

Homework from Chapter 3 due Chapter 4 "Activity-Based Costing"  Cornerstone Exercises 4-1 through 4-5; Problem 4-26.

PowerPoint Ch 4

19 Chapter 4
22 Chapter 4
24 Chapter 4

  26 Examination Chapters  3-4
  29 Homework from Chapter 4 due Chapter 5 "Product and Service Costing Job-Order System"  Cornerstone Exercises 5-2 through 5-5; Problem 5-24.    PowerPoint Ch 5
October 1 Business Day (Attendance Required)

  3 Chapter 5
6 Chapter 5
  8 Chapter 5
10 Homework from Chapter 5 due Chapter 6 "Process Costing" Cornerstone Exercises 6-1 through 6-10; Problem 6-31, 6-32.

PowerPoint Ch 6

13 Chapter 6
15 Chapter 6
17 Chapter 6

20 Examination Chapters  5-6

Homework from Chapter 6 due Chapter 7 "Allocating Costs of Support Departments and Joint Products"  Cornerstone Exercises 7-3 through 7-5; Problem 7-22through 7-24.

PowerPoint Ch 7
24 Chapter 7
  27 Chapter 7
  29 Chapter 7 (Last Date to drop with a "W")

Homework from Chapter 7 due Chapter 8 "Budgeting for Planning and Control"  Cornerstone Exercises8-1 through 8-14; Problems 8-22

PowerPoint Ch 8

November 3 Chapter 8
  5 Chapter 8
7 Chapter 8

10 Chapter 8
12 Examination Chapters  7-8
14 Homework from Chapter 8 due Chapter 9 "Standard Costing: A Functional Based Control Approach" Cornerstone Exercises 9-1 through 9-11; Problems 9-14, 9-15 PowerPoint Ch 9
17 Chapter 9

19 Chapter 9
  21 Chapter 9


Homework from Chapter 9 due Chapter 10 "Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing"  Exercises10-1 through 10-4; Problem 10-20

PowerPoint Ch 10
December 1 Chapter 10
3 Chapter 10

    5 Chapter 10  
11 Final Examination Room 304 (1:30 - 3:30)