Managerial Accounting

Home page Accounting Department University of Arkansas - Monticello Home Page


Fall 2014 - Section 100401 11:10 - 12:00 Mon., Wed.  Friday Room 302
Dr. Ted M. Hammett
Office - 317 BBC
(870) 460-1641 Office


Acct 2213 -- Financial Accounting (ACTS Acct 2003)

Office Hours:

My office hours are posted on my door and on my website at this link.

Purpose & Objectives of the Course:

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 and materials:

Kimmel, Paul D, Jerry J. Weygandt, Donald e. Kieso.  Accounting: Tools for Business Decision Making, 3rd edition, John Wiley & Sons, Inc., 2009.  ISBN: 13-978-1-118-12816-9

Requirements for evaluation (everything is of equal weight):

Homework 100 points
After Chapter 15   100 points
After Chapter 18   100 points
After Chapter 21   100 points
After Chapter 23 (Final Exam) Post Test represents 20% of the 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.  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. LAST DATE TO DROP WITH A     "W" October 29, 2014.

Statement on disruptive behavior:

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 (All Tests) 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:

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 14 lecture   Homework Exercises 14-7, 8, *9, *10, *12; Prob. 14-5A  

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

  29 Chapter 15 lecture
September 3 Chapter 15  lecture
    5 Chapter 15  lecture  
8 Examination Chapters  14-15

  10 Homework from Chapter 15 due - Chapter 16 lecture - Exercises 16-5,6, 7, 9, 11, 12, 15; Prob. 16-1A,16-3A
15 Chapter 16 lecture
17 Chapter 16 lecture

19 Chapter 16  lecture
22 Homework from Chapter 16 due - Chapter 17 lecture - Exercises 17-1, 3, 6, 10; Prob. 17-3A
24 Chapter 17  lecture

  26 Chapter 17 lecture
  29 Chapter 17 lecture
October 1 Business Day - Attendance Required (Sign-in Sheet to be filled out)

  3 Homework from Chapter 17 due - Chapter 18 lecture - Exercises 18-3, 5, 6, 9, 11, 13; Prob. 18-2A
6 Chapter 18  lecture
  8 Chapter 18  lecture
10 Examination Chapters  16-18

13 Homework from Chapter 18 due - Chapter 19 lecture - Exercises 19-2, 6, 9, 12; Prob. 19-1A, 19-2A
15 Chapter 19  lecture
17 Chapter 19  lecture

20 Chapter 19  lecture
22 Homework from Chapter 19 due - Chapter 20 lecture - Exercises 20-3, 5, 7, 15; Prob. 20-2A
24 Chapter 20  lecture
  27 Chapter 20  lecture
  29 Chapter 20  lecture (Last Day to Drop with a "W")

  31 Homework from Chapter 20 due - Chapter 21 lecture - Exercises 25-3,4, 8, 11,13, 14, 16; Prob. 21-3A
November 3 Chapter 21  lecture
5 Chapter 21  lecture 

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

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

  21 Chapter 23 Lecture 
  24 Chapter 23 Lecture 
December 1 Homework from Chapter 22 due - Chapter 24 lecture - No Homework

  3 Chapter 24 Lecture 
    5 Chapter 24 Lecture   
8 Final Examination Room 302 (1:30 - 3:30)