ACCOUNTING & FINANCE 3 ASSIGNMENTS (subject to change)

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To get real-time help try one of the following. Classes will be streamed each day so you can attend digitally if you are physically absent. Lectures, notes, explanations will be posted.

Mar 1

Financial & Managerial Accounting, 15th Edition; Chapter 28 The Balanced Scorecard and Corporate Social Responsibility

Objectives

1.   Describe the concept of a performance measurement system.
2.   Describe and illustrate the basic elements of a balanced scorecard.
3.   Describe and illustrate the balanced scorecard, including the use and impact of strategy maps, measure maps, strategic learning, scorecard cascading, and cognitive biases.
4.   Describe corporate social responsibility (CSR), including methods of measuring and encouraging social responsibility using the balanced scorecard.
5.   Use capital investment analysis to evaluate CSR projects.

  • Assignment:
    • FinMan 15e_PR 28-1A
    • FinMan 15e_PR 28-2A

 

Financial & Managerial Accounting, 15th Edition; Chapter 27 Lean Manufacturing and Activity Analysis

Objectives

1.   Describe lean manufacturing practices.
2.   Describe the implications of lean manufacturing on the accounting system.
3.   Describe and illustrate activity analysis for improving operations.
4.   Describe and illustrate the use of lean principles and activity analysis in a service or administrative setting.

  • Assignment:
    • FinMan 15e_PR 27-2B
    • FinMan 15e_PR 27-3B

 

Financial & Managerial Accounting, 15th Edition; Chapter 26 Capital Investment Analysis

Objectives

1.   Describe the nature and importance of capital investment analysis.
2.   Evaluate capital investment proposals, using the average rate of return and cash payback methods.
3.   Evaluate capital investment proposals, using the net present value and internal rate of return methods.
4.   Describe factors that complicate capital investment analysis.
5.   Describe and diagram the capital rationing process.
6.   Describe and illustrate the use of sensitivity and expected value analyses in evaluating capital investment proposals.

 

  • Assignment:
    • FinMan 15e_PR 26-1A
    • FinMan 15e_PR 26-5A
    • FinMan 15e_PR 26-6A

 

Financial & Managerial Accounting, 15th Edition; Chapter 25 Differential Analysis and Product Pricing

Objectives

1.   Prepare differential analysis reports for a variety of managerial decisions.
2.   Determine the selling price of a product, using the product cost method.
3.   Describe and illustrate the managing of manufacturing bottlenecks.
4.   Describe and illustrate the use of yield pricing for a service business.
APP:   Determine the selling price of a product using the total and variable cost methods.

  • Assignment:
    • FinMan 15e_EX 25-07
    • FinMan 15e_EX 25-08
    • FinMan 15e_EX 25-10
    • FinMan 15e_EX 25-25

 

Financial & Managerial Accounting, 15th Edition; Chapter 24 Evaluating Decentralized Operations

  1. Objectives
    1.   Describe the advantages and disadvantages of decentralized operations.
    2.   Prepare a responsibility accounting report for a cost center.
    3.   Prepare responsibility accounting reports for a profit center.
    4.   Compute and interpret the rate of return on investment, and residual income for an investment center.
    5.   Describe and illustrate how the market price, negotiated price, and cost price approaches to transfer pricing may be used by decentralized segments of a business.
    6.   Describe and illustrate the use of profit margin, investment turnover, and ROI in evaluating whether a company should expand through franchised or owner-operated stores.
  • Assignment:
    • FinMan 15e_EX 24-07
    • FinMan 15e_EX 24-09

 

Financial & Managerial Accounting, 15th Edition; Chapter 23 Evaluating Variances from Standard Costs

Objectives

1.   Describe the types of standards and how they are established.
2.   Describe and illustrate how standards are used in budgeting.
3.   Compute and interpret direct materials and direct labor variances.
4.   Compute and interpret factory overhead controllable and volume variances.
5.   Describe and illustrate the recording and reporting of standards and variances.
6.   Describe and illustrate the use of the direct labor time variance in evaluating staff performance in a service setting.
APP:   Compute and interpret revenue variances.

  • Assignment:
    • FinMan 15e_EX 23-03
    • FinMan 15e_EX 23-16
    • FinMan 15e_EX 23-18

May 31

Financial & Managerial Accounting, 15th Edition; Chapter 22 Budgeting

Objectives

1.   Describe budgeting, its objectives, and its impact on human behavior.
2.   Describe the basic elements of the budget process, the two major types of budgeting, and the use of computers in budgeting.
3.   Describe the master budget for a manufacturing company.
4.   Prepare the basic operating budgets for a manufacturing company.
5.   Prepare financial budgets for a manufacturing company.
6.   Describe and illustrate the use of staffing budgets for nonmanufacturing businesses.

  • Assignment:
    • FinMan 15e_EX 22-01
    • FinMan 15e_PR 22-1A
    • FinMan 15e_PR 22-2A
    • FinMan 15e_PR 22-3A
    • FinMan 15e_PR 22-5A
    • FinMan 15e_PR 22-6A

 

Financial & Managerial Accounting, 15th Edition; Chapter 21 Variable Costing for Management Analysis

Objectives

1.   Describe and illustrate reporting operating income under absorption and variable costing.
2.   Describe and illustrate the effects of absorption and variable costing on analyzing operating income.
3.   Describe management’s use of absorption and variable costing.
4.   Use variable costing for analyzing market segments, including product, territories, and salespersons segments.
5.   Describe and illustrate variable costing for service businesses.
6.   Describe and illustrate the use of segment analysis and earnings before interest, taxes, depreciation, and amortization (EBITDA) in evaluating a company’s performance.

  • Assignment:
    • FinMan 15e_EX 21-18
    • FinMan 15e_PR 21-5A

 

Financial & Managerial Accounting, 15th Edition; Chapter 20 Cost-Volume-Profit Analysis

Objectives

1.   Classify costs as variable costs, fixed costs, or mixed costs.
2.   Compute the contribution margin, the contribution margin ratio, and the unit contribution margin.
3.   Determine the break-even point and sales necessary to achieve a target profit.
4.   Using a cost-volume-profit chart and a profit-volume chart, determine the break-even point and sales necessary to achieve a target profit.
5.   Compute the break-even point for a company selling more than one product, the operating leverage, and the margin of safety.
6.   Describe and illustrate the use of cost-volume-profit analysis for decision making in a service business.

  • Assignment:
    • FinMan 15e_EX 20-16
    • FinMan 15e_PR 20-6A

 

Financial & Managerial Accounting, 15th Edition; Chapter 19 Support Department and Joint Cost Allocation

Objectives

1.   Describe support departments and support department costs.
2.   Describe the allocation of support department costs using a single plantwide rate, multiple department rates, and activity-based costing.
3.   Allocate support department costs to production departments using the direct method, sequential method, and reciprocal services method.
4.   Describe joint products and joint costs.
5.   Allocate joint costs using the physical units, weighted average, market value at split-off, and net realizable value methods.
6.   Describe and illustrate the use of support department and joint cost allocations to evaluate the performance of production managers.

  • Assignment:
    • FinMan 15e_EX 19-13
    • FinMan 15e_EX 19-16
    • FinMan 15e_EX 19-18

Chapter 18 Activity-Based Costing

Objectives

1.   Describe three methods used for allocating factory overhead costs to products.
2.   Illustrate the use of a single plantwide factory overhead rate for product costing.
3.   Use multiple production department factory overhead rates for product costing.
4.   Use activity-based costing for product costing.
5.   Use activity-based costing to allocate selling and administrative expenses to products.
6.   Use activity-based costing in a service business.
APP:   Describe and illustrate the use of activity-based costing information in decision making.

  • Assignment:
    • FinMan 15e_PR 18-3A
    • FinMan 15e_PR 18-4A
    • FinMan 15e_PR 18-5A
    • FinMan 15e_PR 18-6A

 

Financial & Managerial Accounting, 15th Edition; Chapter 17 Process Cost Systems

Objectives

1.   Describe process cost systems.
2.   Prepare a cost of production report.
3.   Journalize entries for transactions using a process cost system.
4.   Describe and illustrate the analysis of unit cost changes between periods.
5.   Describe and illustrate the use of a cost of production report in evaluating a company’s performance.
APP:   Describe and illustrate the weighted average method of preparing a cost of production report.

  • Assignment:
    • FinMan 15e_EX 17-11
    • FinMan 15e_EX 17-16
    • FinMan 15e_EX 17-24
    • FinMan 15e_EX 17-27

 

Financial & Managerial Accounting, 15th Edition; Chapter 16 Job Order Costing

Objectives

1.   Describe cost accounting systems used by manufacturing businesses.
2.   Describe and illustrate a job order cost accounting system for a manufacturing business.
3.   Describe job order cost accounting systems for service businesses.
4.   Describe the use of job order cost information for decision making.

  • Assignment:
    • FinMan 15e_EX 16-03
    • FinMan 15e_PR 16-2A
    • FinMan 15e_PR 16-3A
    • FinMan 15e_PR 16-4A
    • FinMan 15e_PR 16-5A

Feb 23

Financial & Managerial Accounting, 15th Edition; Chapter 15 Introduction to Managerial Accounting

Objectives

  1. Describe managerial accounting, including its differences with financial accounting, its place in the organization, and its uses.
  2. Describe and illustrate the nature of manufacturing operations, including different types and classifications of costs.
  3. Describe and illustrate financial statements for a manufacturing business, including the balance sheet, statement of cost of goods manufactured, and income statement.
  4. Describe and illustrate utilization rates in evaluating performance for service companies.
  • Assignment:
    • FinMan 15e_PR 15-4A
    • FinMan 15e_PR 15-5A

Feb 16

Financial & Managerial Accounting, 15th Edition; Chapter 14 Financial Statement Analysis

Objectives

  1. Describe the techniques and tools used to analyze financial statement information.
  2. Describe and illustrate basic financial statement analytical methods.
  3. Describe and illustrate how to use financial statement analysis to assess liquidity.
  4. Describe and illustrate how to use financial statement analysis to assess solvency.
  5. Describe and illustrate how to use financial statement analysis to assess profitability.
  6. Describe the contents of corporate annual reports.
  7. Describe the reporting of unusual items on the income statement.
  8. Describe the concepts of fair value and comprehensive income.
  • Assignment:
    • FinMan 15e_PR 14-1A
    • FinMan 15e_PR 14-2A
    • FinMan 15e_PR 14-3A
    • FinMan 15e_PR 14-4A

Feb 9

Financial & Managerial Accounting, 15th Edition; Chapter 13 Statement of Cash Flows

Objectives

  1. Describe the cash flow activities reported on the statement of cash flows.
  2. Prepare the “Cash flows from operating activities” section of the statement of cash flows using the indirect method.
  3. Prepare the “Cash flows from investing activities” section of the statement of cash flows.
  4. Prepare the “Cash flows from financing activities” section of the statement of cash flows.
  5. Prepare a statement of cash flows.
  6. Describe and illustrate the use of free cash flow in evaluating a company’s cash flow.
  7. Use a spreadsheet to prepare the statement of cash flows under the indirect method.
  8. Prepare a statement of cash flows under the direct method.
  • Assignment:
    • FinMan 15e_PR 13-1A
    • FinMan 15e_PR 13-4A
    • FinMan 15e_PR 13-5A

Feb 5

Financial & Managerial Accounting, 15th Edition; Chapter 12 Corporations: Organization, Stock Transactions, and Dividends

Objectives

  1. Describe the nature of the corporate form of organization.
  2. Describe and illustrate the characteristics of stock, classes of stock, and entries for issuing stock.
  3. Describe and illustrate the accounting for cash dividends and stock dividends.
  4. Describe the effect of stock splits on stockholders’ equity.
  5. Describe and illustrate the accounting for treasury stock transactions.
  6. Describe and illustrate the reporting of stockholders’ equity.
  7. Describe and illustrate the use of earnings per share in evaluating a company’s profitability.
  • Assignment:
    • FinMan 15e_PR 12-1A
    • FinMan 15e_PR 12-4A

May 24

Financial & Managerial Accounting, 15th Edition; Chapter 11 Liabilities: Bonds Payable

Objectives

  1. Describe the characteristics and terminology of bonds payable.
  2. Describe and illustrate the accounting for bonds payable.
  3. Describe and illustrate the reporting of bonds payable.
  4. Describe and illustrate how the times interest earned ratio is used to evaluate a company’s financial condition.
  5. Determine the selling price of a bond payable using present value concepts.
  6. Describe and illustrate the effective interest rate method of amortizing bond discounts and premiums.
  • Assignment:
    • FinMan 15e_PR 11-3A

May 17

Financial & Managerial Accounting, 15th Edition; Chapter 10 Liabilities: Current, Installment Notes, Contingencies

Objectives

  1. Describe and illustrate current liabilities, including those related to accounts payable, accruals, notes payable, and the current portion of long-term debt.
  2. Describe and illustrate the accounting for payroll liabilities.
  3. Describe and illustrate the accounting for employee fringe benefits, including vacation pay and pensions.
  4. Describe and illustrate the accounting for installment notes.
  5. Describe and illustrate the accounting for contingent liabilities, including product warranties.
  6. Describe the reporting of liabilities on the balance sheet.
  7. Describe and illustrate the use of the quick ratio in analyzing a company’s ability to pay its current liabilities.
  • Assignment:
    • FinMan 15e_PR 10-4A
    • FinMan 15e_EX 10-21
    • FinMan 15e_PR 10-3A

May 10

Financial & Managerial Accounting, 15th Edition; Chapter 9 Long-Term Assets: Fixed and Intangible

Objectives

  1. Define, classify, and account for the cost of fixed assets.
  2. Compute depreciation using the following methods: straight-line, units-of-activity, and double-declining-balance.
  3. Journalize the disposal of fixed assets.
  4. Describe the accounting for natural resources, including the journal entry for depletion.
  5. Describe the accounting for intangible assets, such as patents, copyrights, and goodwill.
  6. Describe how depreciation expense is reported on an income statement and prepare a balance sheet that includes fixed assets and intangible assets.
  7. Describe and illustrate the fixed asset turnover ratio to assess the efficiency of a company’s use of its fixed assets.
  8. Describe and illustrate the accounting for the exchange of similar fixed assets.
  • Assignment:
    • FinMan 15e_PR 09-2A
    • FinMan 15e_PR 09-3A
    • FinMan 15e_PR 09-4A

May 3

Financial & Managerial Accounting, 15th Edition; Chapter 8 Receivables

Objectives

  1. Describe the common classes of receivables.
  2. Describe the accounting for uncollectible receivables.
  3. Describe the direct write-off method of accounting for uncollectible receivables.
  4. Describe the allowance method of accounting for uncollectible receivables.
  5. Compare the direct write-off and allowance methods of accounting for uncollectible accounts.
  6. Describe the accounting for notes receivable.
  7. Describe the reporting of receivables on the balance sheet.
  8. Describe and illustrate the use of accounts receivable turnover and number of days’ sales in receivables to evaluate a company’s efficiency in collecting its receivables.
  • Assignment:
    • FinMan 15e_EX 08-08
    • FinMan 15e_EX 08-09
    • FinMan 15e_EX 08-14
    • FinMan 15e_EX 08-19

Apr 26

Financial & Managerial Accounting, 15th Edition; Chapter 7 Internal Control and Cash

Objectives

1.   Describe the Sarbanes-Oxley Act and its impact on internal controls and financial reporting.
2.   Describe and illustrate the objectives and elements of internal control.
3.   Describe and illustrate the application of internal controls to cash.
4.   Describe the nature of a bank account and its use in controlling cash.
5.   Describe and illustrate the use of a bank reconciliation in controlling cash.
6.   Describe the accounting for special-purpose cash funds.
7.   Describe and illustrate the reporting of cash and cash equivalents in the financial statements.
8.   Describe and illustrate the use of days’ cash on hand to assess a company’s ability to meet its cash commitments.

  • Assignment:
    • FinMan 15e_PR 07-2B
    • FinMan 15e_PR 07-3B
    • FinMan 15e_PR 07-4B
    • FinMan 15e_PR 07-5B

Apr 19

Financial & Managerial Accounting, 15th Edition; Chapter 6 Inventories

Objectives

1.   Describe the importance of control over inventory.
2.   Describe three inventory cost flow assumptions and how they impact the income statement and balance sheet.
3.   Determine the cost of inventory under the perpetual inventory system, using the FIFO, LIFO, and weighted average cost methods.
4.   Determine the cost of inventory under the periodic inventory system, using the FIFO, LIFO, and weighted average cost methods.
5.   Compare and contrast the use of the three inventory costing methods.
6.   Describe and illustrate the reporting of inventory in the financial statements.
7.   Describe and illustrate the inventory turnover and the number of days’ sales in inventory in analyzing the efficiency and effectiveness of inventory management.
8.   Describe and illustrate the estimation of inventory using the retail inventory and gross profit methods of inventory costing.

  • Assignment:
    • FinMan 15e_PR 06-1A
    • FinMan 15e_PR 06-2A
    • FinMan 15e_PR 06-5A

Apr 12

Financial & Managerial Accounting, 15th Edition; Chapter 5 Accounting for Retail Businesses

Objectives

1.   Distinguish between the activities and financial statements of service and retail businesses.
2.   Describe and illustrate the accounting for merchandise transactions.
3.   Describe and illustrate the adjusting process for a retail business.
4.   Describe and illustrate the financial statements and closing entries for a retail business.
5.   Describe and illustrate the use of the asset turnover ratio in evaluating a company’s operating performance.
6.   Describe and illustrate the gross method of recording sales discounts.
7.   Describe and illustrate the periodic system of accounting for merchandise transactions.

  • Assignment:
    • FinMan 15e_PR 05-2A
    • FinMan 15e_PR 05-5A
    • FinMan 15e_PR 05-6A
    • FinMan 15e_PR 05-10A

Mar 29

Financial & Managerial Accounting, 15th Edition; Chapter 4 The Accounting Cycle

Objectives

  1. Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements.
  2. Prepare financial statements from adjusted account balances.
  3. Prepare closing entries.
  4. Describe the accounting cycle.
  5. Illustrate the accounting cycle for one period.
  6. Describe and illustrate the use of working capital and the current ratio in evaluating a company’s financial condition.
  7. Describe and illustrate the end-of-period spreadsheet.
  8. Describe and illustrate the use of reversing entries.
  • Assignment:
    • FinMan 15e_EX 04-21
    • FinMan 15e_PR 04-3A
    • FinMan 15e_PR 04-5A
    • FinMan 15e_Comp_Prob_1

Mar 22

Financial & Managerial Accounting, 15th Edition; Chapter 3 The Adjusting Process

Objectives

  1. Describe the nature of the adjusting process.
  2. Prepare adjusting entries for accruals.
  3. Prepare adjusting entries for deferrals.
  4. Prepare adjusting entries for depreciation.
  5. Summarize the adjusting process.
  6. Prepare an adjusted trial balance.
  7. Describe and illustrate the use of vertical analysis in evaluating a company’s performance and financial condition.
  • Assignment:
    • FinMan 15e_PR 03-6A
    • FinMan 15e_PR 03-1A
    • FinMan 15e_PR 03-5A

Mar 12

Financial & Managerial Accounting, 15th Edition; Chapter 2: Analyzing Transactions

Objectives

  1. Describe the characteristics of an account and a chart of accounts.
  2. Describe and illustrate journalizing transactions using the double-entry accounting system.
  3. Describe and illustrate the journalizing and posting of transactions to accounts.
  4. Prepare an unadjusted trial balance and explain how it can be used to discover errors.
  5. Describe and illustrate the use of horizontal analysis in evaluating a company’s performance and financial condition.
  • Assignment:
    • FinMan 15e_PR 02-2A
    • FinMan 15e_PR 02-3A
    • FinMan 15e_PR 02-2B
    • FinMan 15e_PR 02-3B

Mar 8

Financial & Managerial Accounting, 15th Edition; Chapter 1: Introduction to Accounting and Business

  • Objectives
    1. Describe the nature of a business and the role of accounting and ethics in business.
    2. Describe generally accepted accounting principles, including the underlying assumptions and principles.
    3. State the accounting equation and define each element of the equation.
    4. Describe and illustrate how business transactions can be recorded in terms of the resulting change in the elements of the accounting equation.
    5. Describe the financial statements of a corporation and explain how they interrelate.
    6. Describe and illustrate the use of the ratio of liabilities to stockholders’ equity in evaluating a company’s financial condition.
  • Assignment:
    • FinMan 15e_PR 01-5A
    • FinMan 15e_PR 01-5B

Feb 1

Chapter 24 Financial Reporting for a Not-for-Profit Organization

  • Objectives
    • LO1 Prepare adjusting entries for a general fund. LO2 Prepare financial statements for a general fund. LO3 Prepare closing entries for a general fund. LO4 Prepare a post-closing trial balance. LO5 Describe the components of a comprehensive annual financial report.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 2, M

Jan 18

Chapter 23 Budgeting and Accounting for a Not-for-Profit Organization

  • Objectives
    • LO1 Describe the characteristics of not-for-profit organizations. LO2 Describe the process used to develop an operating budget for a not-for-profit organization. LO3 Journalize budget transactions for a not-for-profit organization. LO4 Journalize revenues for a not-for-profit organization. LO5 Journalize expenditures, encumbrances, and other transactions for a not-for-profit organization.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 1, 2, 3, M

Jan 4

Chapter 22: Financial Reporting for a Partnership

  • Objectives
    • LO1 Calculate the distribution of partnership earnings. LO2 Journalize entries for the withdrawal of partnership earnings. LO3 Complete end-of-period work for a partnership. LO4 Journalize entries for liquidating a partnership.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 3, M

Dec 7

Chapter 21: Organizational Structure of a Partnership

  • Objectives
    • LO1 Explain the organizational structure of a partnership. LO2 Journalize transactions related to the formation of a partnership. LO3 Journalize transactions to admit a new partner to an existing partnership.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 1, 2, M

Nov 23

Chapter 20: Internal Control

  • Objectives
    • LO1 Explain the difference between an error and a fraud. LO2 Describe how past events have affected the development of internal control and auditing standards. LO3 Identify the tasks that should be segregated in an accounting system. LO4 Use a flowchart to understand an accounting system.LO5 Journalize data from vouchers in a voucher register. LO6 Journalize voucher payment transactions in a check register. LO7 Describe the key controls of a voucher system.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problem 3 and M page 166 only

Nov 9

Chapter 19: Process Costing, Activity-Based Costing, and Product Pricing

  • Objectives
    • LO1 Compare job order costing and process costing. LO2 Calculate equivalent units of production. LO3 Develop a cost of production report. LO4 Journalize the transfer of costs in a process costing system. LO5 Identify cost pools and cost drivers and calculate activity rates in activity-based costing. LO6 Use activity-based costing to allocate overhead costs. LO7 Use activity-based costing to calculate the total product cost. LO8 Use cost-based pricing to calculate the price of a product. LO9 Calculate the target cost of a product.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 1, 2, 3, M

Oct 26

Chapter 18: Management Decision Making Using Differential Analysis

  • Objectives
    • LO1 Use differential analysis for make or buy decisions. LO2 Use differential analysis for special order decisions. LO3 Use differential analysis for discontinuing a segment decisions. LO4 Use differential analysis for sell or process further decisions. LO5 Calculate the future value and present value of an amount. LO6 Calculate the future value and present value of an annuity. LO7 Use net present value of an annuity to evaluate business decisions. LO8 Use net present value of unequal cash flows to evaluate business decisions. LO9 Use net present value to evaluate a lease or buy decision.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 2, 3, M

Oct 12

Chapter 17: Job Order Costing

  • Objectives
    • LO1 Classify manufacturing costs as direct materials, direct labor, and factory overhead.
    • LO2 Prepare ledgers and cost sheets for a manufacturing business.
    • LO3 Maintain records and prepare journal entries for materials purchased and used in production.
    • LO4 Maintain records and prepare journal entries for labor costs used in production.
    • LO5 Maintain records and prepare journal entries for factory overhead.
    • LO6 Journalize the transfer of work in process to finished goods.
    • LO7 Journalize a sale and the related cost of goods sold.
    • LO8 Prepare a statement of cost of goods manufactured.
    • LO9 Understand the differences on the income statement and balance sheet for a manufacturing business.
    • LO10 Calculate and analyze variances related to direct materials.
    • LO11 Calculate and analyze variances related to direct labor.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problem M

Oct 2

Chapter 16

  • Objective:
    • LO1 Differentiate fixed and variable costs.
    • LO2 Prepare an income statement reporting contribution margin.
    • LO3 Calculate the contribution margin per unit and the contribution margin rate.
    • LO4 Calculate the breakeven point.
    • LO5 Prepare a breakeven income statement.
    • LO6 Calculate the sales dollars and sales units required to earn a planned amount of net income.
    • LO7 Determine the effect of changes in sales volume, unit costs, ad unit sales prices on net income.
    • LO8 Calculate a sales mix.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
  • Assignment:
    • Problems 3 and M

Sep 10

Chapter 15

  • Objective:
    • LO1 Prepare a sales budget.
    • LO2 Prepare a purchases budget.
    • LO3 Prepare a selling expenses budget.
    • LO4 Prepare an administrative expenses budget.
    • LO5 Prepare an other revenue and expenses budget.
    • LO6 Prepare a budgeted income statement.
    • LO7 Prepare a cash receipts budget.
    • LO8 Prepare a cash payments budget.
    • LO9 Prepare a cash budget.
    • LO10 Prepare a performance report.
    • LO11 Identify performance measures in a balanced scorecard system.
  • Digital Assignment:
    • Complete the Study Guide on Quizlet
    • You must complete the Learn section before taking the test. This means to receive a grade for the test you must show that you covered ALL of the items in the Learn area. They must all be Mastered. Or, put another way, there must be 0 in Remaining and Familiar. ALL terms must be Mastered.
    • Complete the form in Google Classroom when you are done with all of it so I can check your score.
    • DO NOT submit this until you have completed the Learn Section.
      • quizlet grades

      quizlet

  • Assignment:
    • Problems 4 and M

Sep 8

Course requirements/expectations

  • Syllabus: parents must reply to the email to respinola@hcsdnv.com for verification of syllabus.
  • Assignments will be listed by the first date class meets for that week. This will typically be the Mon./Wed. group. Due dates will be the same. This means that if a due date is listed as Oct 10, add a day if you are in the other (Tues./Thurs.) group.

Join Google Classroom

Join Quizlet

Digital Assignment:

  • Complete registration for websites above.
  • Student Syllabus Verification