Discipline: Accounting Degree Credit  [X]
Non Credit  [ ]
Nondegree Credit  [ ]
Comm Service  [ ]
 

Riverside Community College District
Integrated Course Outline of Record

Accounting 1B


COURSE DESCRIPTION
1B Principles of Accounting II Units: 3.00
 
Prerequisite(s): ACC 1A: Principles of Accounting I
A study of managerial accounting principles and information systems including basic concepts, limitations, tools and methods to support the internal decision-making functions of an organization. 54 hours lecture.
 
SHORT DESCRIPTION FOR CLASS SCHEDULE
An introduction to managerial accounting principles and information systems.
 
ADVISORY ENTRY SKILLS
Before entering the course, students will be able to:
  1. Apply the principles of financial accounting to varied economic units with a global society.

  2. Identify relevant economic data used in manual and computerized accounting information systems and interpret financial statements.

  3. Evaluate corporate organization and equity rights and structure.

  4. Analyze, explain, apply principles, and solve problems within the subject matter.

  5. Demonstrate the ability to continue in a university program of accounting and acquire the required background in any field of business administration.
STUDENT LEARNING OUTCOMES
 Upon successful completion of the course, students should be able to:

1.   Analyze, explain, solve problems and apply managerial accounting
      principles to manufacturing and service enterprises within a
      business entity.

2.   Interpret relevant accounting data in manual and computerized
      accounting information systems useful for decision making about
      business entities.

3.   Demonstrate the ability to continue in a university program of
      accounting or acquire the required background in any field of
      business administration.
 
COURSE CONTENT
  TOPICS
 
  1. Introduction to Managerial Accounting and Job Order Cost Systems
  2. Process Cost Systems
  3. Cost Behavior and Cost-Volume-Profit Analysis
  4. Profit Reporting for Management Analysis
  5. Budgeting
  6. Performance Evaluation Using Variances from Standard Costs
  7. Performance Evaluation for Decentralized Operations
  8. Differential Analysis and Product Pricing
  9. Capital Investment Analysis
  10. Cost Allocation and Activity-Based Costing
  11. Cost Management for Just-in-Time Environments
  12. Statement of Cash Flows
  13. Financial Statement Analysis

 
 
METHODS OF INSTRUCTION
 Methods of instruction used to achieve student learning outcomes may include, but are not limited to:

  • Present lectures to describe the essentials of business concepts and their applications to society.  The lectures will present managerial accounting principles to manufacturing and service enterprises within a business entity
  • Develop and assign exercises to reinforce concepts and encourage students to apply them to current business and economic trends and events, so the students may interpret relevant accounting data in manual and computerized accounting information systems useful for decision making about business entities
  • Create and have students participate in cooperative learning tasks such as small group exercises to identify issues that relate to course content and utilize the content to offer opinions, solutions and analysis with respect to those issues
  • Present exercises, problems and case studies to provide students with the opportunity to utilize concepts learned in class to analyze explain, apply principles, and solve problems about business entities
  • Develop and assign tasks/activities such as presentations and web exercises in order to demonstrate the ability to continue in a university program of accounting or acquire the required background in any field of business administration
  • Facilitate discussions regarding relevant current issues in business to encourage students to make appropriate connections to the course content
  • Instruction may take the form of online, hybrid, TV or other distance learning format
 
METHODS OF EVALUATION
 Students will be evaluated for progress in and/or mastery of learning outcomes by methods of evaluation which may include, but are not limited to:

  • Quizzes, exams and in-class participation designed to demonstrating proficiency to analyze, explain, apply principles, and solve problems about business entities
  • Individual, small group, or paired activities designed to allow students to demonstrate an understanding of managerial accounting principles to manufacturing and service enterprises within a business entity
  • Written reports designed to assess the application of accounting principles
  • Individual web projects designed to assess student proficiency to demonstrate the ability to continue in a university program of accounting or acquire the required background in any field of business administration
  • Individual or class projects designed to evaluate the application of accounting principles to simulated business situations
ASSIGNMENTS

Required Reading Assignments


Required Writing Assignments


Other Outside-of-Class Assignments
 
COURSE MATERIALS
 All materials used in this course will be periodically reviewed to ensure that they are appropriate for college level instruction. Possible texts include:

  • Warren, Reeve, Fess. Managerial Accounting. 8 ed. New Jersey: Thomson-Southwestern , 2004.

  • Web Tutor to accompany text
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