Principles of Managerial Accounting Syllabus
ACG2071 Class 7913, Fall 2014

Instructor Information

Keri Gallagher, M.A.




Course Information

Principles of Managerial Accounting - ACG2071 Class 7913
Date: August 25 to December 13, 2014

This course introduces the student to the use of accounting information by managers. Topics include the use of accounting information for planning and control, capital investment, performance evaluation, decision-making, cash flow statements and financial statement analysis.

Pre-reqs: Prerequisite: ACG 2021.

Additional Class Information: Online class. Computer & Internet access required. Log in to Sakai as soon as the term begins to access your course: Students who do not log into their course by the end of add/drop may be withdrawn from the class. Simply logging in to an online class does not count as attendance. Students must engage in an academically related activity.

Credits: 3.00

Measurable Course Objectives

Measurable Course Objectives are outcomes students are expected to achieve by the end of the course.

  • Distinguish between financial accounting and managerial accounting and understand the basic terminology involved in accounting for costs.
  • Calculate costs and journalize transactions using the job order cost system.
  • Calculate costs and journalize transactions using the process cost system.
  • Calculate total variances and subvariances for direct materials, direct labor and factory overhead.
  • Calculate the break-even point and other statistics using cost-volume-profit analysis.
  • Prepare financial statements for a firm where production and sales are not equal using absorption costing and variable costing.
  • Distinguish between centralized and decentralized operations and between cost centers, profit centers, and investment centers.
  • Prepare an income statement through departmental margin.
  • Use rate of return on investment, profit margin and investment turnover to analyze the performance of investment centers.
  • Make operating decisions based on differential analysis.
  • Calculate product price using the cost-plus approach based on total cost, product cost, and variable cost.
  • Perform a discounted cash flow analysis.
  • Calculate various financial ratios.
  • Prepare a statement of cash flows.
  • Journalize transactions involved in bonds payable.

Orientation Information

There is no on campus orientation meeting for this course. All the materials and information you need are available online in Sakai. Please review this syllabus carefully.

Textbook Information

No information about textbooks has been received.


Instructional Mode

DL Online

An online course is delivered entirely over the Internet and fosters remote interaction among students and instructors. To learn more about Seminole State's online courses, visit elearning

Additional Class Information: Online class. Computer & Internet access required. Log in to Sakai as soon as the term begins to access your course: Students who do not log into their course by the end of add/drop may be withdrawn from the class. Simply logging in to an online class does not count as attendance. Students must engage in an academically related activity.

eLearning Information

To succeed in an online course, you need to be:

  • motivated
  • self-directed
  • willing to work on your own

Online courses are not for everyone. They are neither easier nor more difficult than on-campus courses, but they do require more dedication and self-discipline from the student.  If you like to interact face-to-face with a professor and classmates, or if you have difficulty managing your time, this might not be the best course delivery mode for you.  However, if you can read and understand technical information, follow instructions as given, and solve computer problems on your own without asking for much help, online instruction should work well for you. Good time management skills, self-discipline, and motivation are required to successfully complete an online course.

Computer Difficulties

Students will have access to computer labs with the required hardware and software on the Sanford/Lake Mary and Altamonte Springs Seminole State campuses. If you experience technical difficulties with your personal computer, be prepared to come to a campus lab to complete your assignments as no extensions will be granted due to computer problems. Go to for more information on campus lab locations and hours.

Sakai Learning Management System Information

Sakai is the one of the online learning management systems used at Seminole State College.  If you are enrolled in an online, online/campus, hybrid, or web-enhanced campus class, you may need to log in to Sakai to access the site for your course.  

Sakai course sites will not be available until the first day of class.  If you register during the add/drop period, there may be a slight delay (up to 24 hours) in the activation of your user ID and password. If you are unable to log into Sakai after the add/drop period, please complete the eLearning Online Course Problem Form, and the eLearning staff will check on your account.

The login page for Sakai is:

Your Sakai login information is:

  • USERNAME = same as your MySeminoleState username
  • PASSWORD = first and last initial in UPPERCASE followed by your birthdate in YYMMDD format

Recommended browsers for Sakai include Firefox, Chrome, Safari, and Internet Explorer (Note: IE9 users will need to enable compatibility mode).  Your browser must be set to accept cookies.

Sakai Test-Taking Tips - In order to avoid potential problems during an exam, we recommend that you:

  • Don't use mobile devices such as phones or tablets.
  • Use a supported web browser such as the latest version of Firefox, Google Chrome, or Internet Explorer.
  • Make sure that you DO NOT have multiple windows or tabs open while testing.
  • Make sure you have a dependable internet connection; 
  • DO NOT use your browser back and forward buttons. Always navigate within Sakai.
  • For timed tests, remember that once you begin the test, the timer will continue to count down.  This is true if you lose internet connection, your browser crashes, or you simply exit and close your browser window.
  • Make sure that you only click on the "Begin Assessment" button ONCE when starting a test.
  • Make sure that you only click on the "Submit for Grading" button ONCE when submitting a test.

Grade Scale and Evaluation Methods

  • Grade of “A”
    “A” level work demonstrates excellence overall with no major weaknesses.  This includes an “A” grade on tests and labs.  A level work displays excellent presentation and clarification of key concepts of the unit.  All written work is outstanding and presented in excellent form.

  • Grade of “B”
    “B” level work demonstrates more strengths than weaknesses.  This includes “A” and “B” grades on tests and labs.  All written and oral work is on the whole clear, precise and well presented.

  • Grade of “C”
    “C” level work demonstrates slightly more than a minimal level of skill and comprehension of material covered in the class.  “C” level work demonstrated by a “C” grade on tests and average presentation of formal written material.  “C” level work shows some assignments are reasonably well done but others are poorly done or mediocre at best.

  • Grade of “D”
    “D” level work demonstrates a minimal level of skill and comprehension of material covered in class.  “D” level work is demonstrated by a “C” grade or lower on tests and below average presentation of formal written material.

  • Grade of “F”
    Below 60%
    “F” level work demonstrates that the student has failed to comprehend the material and to the required work of the course.  “F” level work is demonstrated by a grade of “F” or lower on tests and below average presentation of formal written material.
Participation – Sakai Forums 75
Online HW 100 max
5 Unit Exams (100 each) 500
Final Comprensive Exam 125
Project 100
3 Case Studies (30-40 points each) 100
Total Points 1000

Evaluation and grading scale:

A 90-100
B 80-89
C 70-79
D 60-69
F 59-0

Class Participation

In order to be considered an active participant the in class, you must access Sakai several times a week. Important information will be posted in the Announcements section.

Participation in the online forums is required. Points for participation are earned by posting in the forums along with reading posts authored by the instructor or other students. The minimum posting requirement is two posts per Chapter (Topic) this can be a response to a question posted by the instructor or a question posted by another student pertaining to the subject matter covered in the chapter.

Class Assignments

Assignments are problems that promote your ability to apply knowlege and communicate course information professionally and within the context of business and accounting rules and standards.

Homework assignments for this course will be completed online at the publisher's website, You can complete the graded problems online and received immediate feeedback on your work.

Due Dates will be communicated on Sakai and Connect.

Class Project

The project for this course will be based on computing and analazing the standard financial ratios of two competing companies. Details for the project will be located in Sakai.

Classroom Guidelines

The 5 unit exams will be administered though McGraw Hill Connect .

The final comprehensive exam must taken at a SSC testing center during the 5 day exam window. If you are out of the Central Florida area please contact me to make alternative exam arrangements. Unless Otherwise noted, students are expected to memorize the formulas and computations used to solve problems. Anything presented in class, in the text, on homework, quizzes or previous exams is subject to testing. Students may not leave the room during an exam unless they are ready to turn in their exam. In addition, all personal communication devices should be turned off and put away.

If you do not take an exam at the scheduled time, you will automatically receive a zero for that exam. The purpose of this policy is fairness. If you experience a medical emergency or death in the family, you must notify me prior to the exam. The reason for missing the exam  and verification of that reason must be provided in writing. Make up exams and assignments will only be allowed at the sole discretion of the instructor.

URL of Online Syllabus

Online version:

PDF version:

Collegewide Student Learning Outcomes

The Collegewide Student Learning Outcomes assessed and reinforced in this course include the following:

  • Communication
  • Critical Thinking
  • Scientific and Quantitative Reasoning

Academic Integrity

As members of the Seminole State College of Florida community, students are expected to be honest in all of their academic coursework and activities. Academic dishonesty, such as cheating of any kind on examinations, course assignments or projects, plagiarism, misrepresentation and the unauthorized possession of examinations or other course-related materials, is prohibited.

Plagiarism is unacceptable to the college community. Academic work that is submitted by students is assumed to be the result of their own thought, research or self-expression. When students borrow ideas, wording or organization from another source, they are expected to acknowledge that fact in an appropriate manner. Plagiarism is the deliberate use and appropriation of another's work without identifying the source and trying to pass-off such work as the student's own. Any student who fails to give full credit for ideas or materials taken from another has plagiarized.

Students who share their work for the purpose of cheating on class assignments or tests are subject to the same penalties as the student who commits the act of cheating.

When cheating or plagiarism has occurred, instructors may take academic action that ranges from denial of credit for the assignment or a grade of "F" on a specific assignment, examination or project, to the assignment of a grade of "F" for the course. Students may also be subject to further sanctions imposed by the judicial officer, such as disciplinary probation, suspension or dismissal from the College. Students may also be subject to further sanctions imposed by a judicial officer, such as disciplinary probation, suspension or dismissal from the College.

Withdrawal Policy

A student desiring to withdraw from a course after the add/drop period should initiate withdrawal procedures with an instructor or counselor. Withdrawals are not official until the withdrawal form is completed and given to the Office of Enrollment Services and Registrar. Withdrawal deadlines are published in the official College Catalog Academic Calendar.

Attendance Policy

The College recognizes the correlation between attendance and both student retention and achievement. Per College Policy 3.060 Students are expected to attend all class meetings of all courses for which they are registered. The College Attendance Procedure is located in College Procedure 4.0900 and is available online at

For online classes, attendance is determined by consistently logging in and accessing the course content and completing courses in accordance with the syllabus. Simply logging in to an on-line class does NOT count as attendance. Students must engage in an academically-related activity.

In this course, attendance during the first week of class is signified by completing the Getting Started Activities including posting an introduction in the Meet the Class Forum. If these items are not completed, than a student may recieve a W4 and be withdrawn from the class. For the remainder of the course attendance will be signified by participating in the Sakai forums on a weekly basis.

Accommodation Statement

Seminole State College abides by Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA), which stipulates that no student shall be denied the benefits of an education 'solely by reason of a handicap.' Disabilities covered by law include, but are not limited to psychiatric impairments, learning disabilities and hearing, sight or mobility impairments. If you have a disability that may have some impact on your work in this class and for which you may require accommodations, contact the Disability Support Services Office (DSS) to facilitate the accommodation process.

Campus locations and phone numbers for DSS are:

  • Sanford/Lake Mary Campus, Room A-101, 407.708.2109
  • Altamonte Campus, Room ALT 107, 407.404.6005
  • Heathrow Campus, Room HEA 115, 407.708.4440
  • Oviedo Campus, Room OVF 102-D, 407.971.5114

College Emergency Information

In case of emergency conditions (such as tropical storms, hurricanes, power outages, etc), verify the college is open and classes are being held by calling 407.708.2290 or 407.708.4722.  The Seminole State homepage will also feature updated announcements (


The Family Educational Rights and Privacy Act (FERPA) affords students certain rights with respect to their education records. Students have the right to have some control over the disclosure of information from the records.  It is Seminole State Colleges policy to comply with the requirements of FERPA and to prevent improper disclosure of personally identifiable information from the records. For more details on FERPA, please refer to the FERPA information on the Seminole State website

College Communication

Student Email Office 365

All official e-mail from the College is sent to your Seminole State Office 365 student e-mail address. When contacting the college students should use their student email accounts to ensure that communication is delivered to the appropriate party.   Be sure to check your account regularly for information important to your academic and financial records. To access your student email account, visit for instructions.

Canvas Messages

Students currently enrolled in online or hybrid courses should use the Inbox link within their Canvas course to communicate with the professor. It is important for students to check the inbox regularly for important communication from the instructor.

Seminole State Text

Sign up for Seminole State Text and you will receive messages pertaining to registration dates, tuition deadlines, financial aid, emergency campus closings and changes to your student record or classes. To sign up to receive text messages, visit

Student Code of Conduct

It is the responsibility of a student to observe campus rules and regulations and to help maintain appropriate conditions in the classroom, on the campus, and in the community. The Student Code of Conduct is a statement of Seminole State’s expectations regarding student standards of conduct, both academic and non-academic. It is the student’s responsibility to read the Code of Conduct and follow its expectations. The Student Code of Conduct can be found at

A Tobacco-Free College

To promote the health and wellness of the Seminole State College community, the use if tobacco of any kind and in any form is prohibited on all College-owned and/or operated facilities.  This includes tobacco use in personal vehicles while on College property.  The College Tobacco-Free Policy can be found at