Leslie A. W. Van Wolvelear Associate Professor of Accounting Office:  DP 2706 Phone: (847) 376-7135 Email: lvanwolv@oakton.edu Home Page: http://www.oakton.edu/~lvanwolv/homepage.html

II. Prerequisite:
Recommended: ACC 153 or concurrent enrollment in ACC 153

III.Course (Catalog) Description:
Course presents accounting information used for internal business management. Focus is on planning, controlling and evaluating company performance. Content includes budgeting, job costing, product pricing, breakeven analysis, standard costing, decision models.

IV. Learning Objectives:
 A. Nature of Managerial Accounting: Cost Concepts and Terminology
B. Job Order Cost Systems
C. Process Cost Systems
D. Cost Allocation and Activity based Accounting
E. Cost Behavior and Cost Estimation
F. Cost-Volume-Profit Analysis
G. Profit Reporting for Managerial Analysis
H. Differential Analysis and Product Pricing
I. Capital Investment Analysis & Capital Budgeting
J. Budgeting
K. Standard Cost Systems (Including Flexible Budgets and Overhead Analysis)
Optional:
L. Accounting for Decentralized Operations; Transfer Pricing
M. Financial Statement Analysis and Annual Reports
N. The New Management and Decision Making

V. Academic Integrity:
Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton’s Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton’s policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

Details of the Code of Academic Conduct can be found in the Student Handbook.
 

VI. Outline of Topics:

See the Schedule icon in D2L under Content - Course Information for the topics being covered in this course.

VII. Methods of Instruction:

Oakton Community College recognizes the broad diversity of religious beliefs of its constituencies. The college has embraced a practice of shared responsibility in the event a religious observance interferes with class work or assignments. Students who inform instructors in advance of an intended absence for a major religious observance will not be penalized. The instructor will make reasonable accommodation for students, which may include providing a make-up test, altering assignment dates, permitting a student to attend another section of the same course for a class period or similar remedies. Instructors are not responsible for teaching material again.