UNIVERSITY OF LETHBRIDGE FACULTY OF MANAGEMENT Mgt 2400A Management Accounting Fall 2014

Transcription

1 UNIVERSITY OF LETHBRIDGE FACULTY OF MANAGEMENT Mgt 2400A Management Accounting Fall 2014 Instructor: Adam Zanoni, CA Telephone Class times and location: Tuesday and Thursday 4:30 pm 5:45 pm, in M1040 Office hours: Thursday 5:45 pm-6:00 pm, 8:50 pm-9:10 pm in M1040 or by appointment in M4094 REQUIRED MATERIAL: 1) Managerial Accounting (Second Canadian Edition) Braun, Tietz, Pyper; published by Pearson Canada 2) MyAccountingLab 3) Not required Subscription to business or financial press- The Globe and Mail, Business Week, The Economist, Fortune etc. COURSE INTRODUCTION: This is the second course in the two-semester introduction to accounting. In Management 2100 students are introduced to the concepts and technical aspects of financial accounting. In Management 2400, the focus is on managerial accounting. Managerial accounting information is used by managers for decision making, planning, and control in their organizations. The emphasis in this course is on using accounting information in managing an organization and students will be introduced to the fundamentals of managerial accounting. The focus in this course will be on internal users (managers) rather than external users such as investors. MARK ALLOCATION: Homework Assignments (MAL- 1 marks each) 10% Group Project 10% Midterm One 22.5% Midterm Two 22.5% Final 35% Students who earn < 43 of the possible 85 marks available on the exam component of the course will receive an F in the course.

2 GRADING SCALE: A A A B B B C C C D D F 0 49 COURSE ORGANIZATION: While technical aspects of managerial accounting will be taught in the course, emphasis will be placed on students; application of the material to business decisions. Classes include both lectures and class discussion of homework problems. Students performance in the course will be enhanced by: -Attending all classes -Doing all assigned homework -Reading the chapters before they are covered in class -Advising the instructor whenever difficulties arise MIDTERM AND FINAL EXAM: There will be two midterms (during class) which will cover specific chapters and will not be cumulative in nature. A comprehensive final examination will be given during the examination period. The exams will consist of multiple choice, short and long answer questions. All MGT 2400 students write the same final exam. Students who miss the midterm examinations for legitimate or medical reasons (as determined by the instructor with sufficient supporting documentation) will have the allocated weight added to the final examination. If the exams are not written at the appointed time, the instructor must be notified within 24 hours regarding reasons for the failure to write the examination and receive suitable substantiating documentation. There are no make-up exams. Note that you should

3 NOT make travel plans until the final exam schedule is posted. Only the Dean s office can approve the rescheduling of a final exam, and travel plans are not accepted as a valid reason for rescheduling. Students will be allowed to bring calculators to the exams, however, only calculators without text storage capability will be acceptable. Please note that cell phones, PDA s and bi-lingual dictionaries of any type are NOT ACCEPTABLE as calculators for exam purposes. Please note that I will be keeping all of your exams in this course. HOMEWORK ASSIGNMENTS: Each student is required to purchase the MyAccountingLab software. It comes bundled with the purchase of a new textbook or can be purchased individually. This will be used to do homework assignments and quizzes that are intended to ensure that you are keeping up with that material. As you know, the best way to learn accounting is by doing accounting. The more problems you do, the better your overall mark will be. I recommend that you practice on several problems before attempting the assigned homework. You have unlimited attempts at the practice problems but only one attempt at the homework and quizzes. For the quizzes, there is also a time limit imposed. GROUP PROJECT: You will be required to complete one group project throughout the semester relating to the preparation of a master budget. Your groups must consist of 5 group members. You may select your own group members, a list of your group must be ed to the instructor no later than October 16. Any students who are not in a group at that date will be placed in a group by the instructor. If your group consists of less than 5 members, the instructor will place additional students into your group. Each member will evaluate the contribution of every other member of the group relating to the project. The average weighting of these evaluations will be multiplied by the mark on the project itself to arrive at the mark for each individual member. This is to reward those students who go above and beyond what is expected of them and penalize those who do not contribute. A more detailed outline of this project will be provided after the first midterm. PROFESSIONALISM & CONTRIBUTION TO THE CLASSROOM ENVIRONMENT: Professional behavior is expected in this class. The course approach consists of lectures, problems and discussions. The success of the course depends on all parties being present, having insightful and active participation and acting in a professional manner. Classes are more

4 interesting if there is participation from everyone. Class participation is not equivalent to class attendance. Remember, contribution does not mean dominating class discussions, listening to others is also very important. If you have any relevant work experience, please share your reallife situations (however please keep confidentiality in mind). Unprofessional behavior is not acceptable. Unprofessional behavior encompasses a wide range of negative behaviors, including but not limited to demonstrating a negative attitude, disrupting the class and demonstrating rude behavior. Attendance is important because it is difficult to meet our objectives and to do well in the course when attendance is irregular. It is also difficult to do in-class exercises if you are not in attendance. My recommendation is to attend every class. If you must miss a class, it is your responsibility to get notes, assignments and other information from another student. GRADE APPEALS: You can ask the instructor to re-evaluate a grade that you received on your work within five (5) days from the date the work is returned to the class. Weekend days are not included in the 5 day time limit. You will need to submit a statement that specifically describes the reason(s) why you think the mark you received was incorrect. ACADEMIC INTEGRITY: The instructor adheres to the University of Lethbridge s policy regarding academic integrity. Please refer to Part 4 of the University of Lethbridge Calendar regarding academic integrity, in particular, plagiarism (3-a-1) and cheating (3-a-2). You are admonished to become familiar with these sections of the calendar as offences will not be overlooked and will be dealt with as per the discipline procedures outlined in the calendar.

5 TENTATIVE TIMETABLE: (subject to change) Tentative Schedule Date Chapter & Description Assignments Due Sep 4 Introduction Sep 9 Ch 1- Intro to Managerial Accounting Sep 11 Ch 2- Building Blocks Sep 16 Ch 2- Continued HW#1 Sep 17 Sep 18 Ch 3- Job Costing Sep 23 Ch 3- Continued HW#2 Sep 24 Sep 25 Ch 4- Activity Based Costing Sep 30 Ch 4- Continued HW#3 Oct 1 Oct 2 MID TERM 1 Oct 7 Ch 5- Process Costing Oct 9 Ch 5- Continued HW#4 Oct 10 Oct 14 Ch 6- Cost Behaviour Oct 16 Ch 6- Continued HW#5 Oct 17 Oct 21 Ch 7- CVP Analysis Oct 23 Ch 7- Continued HW#6 Oct 24 Oct 28 Ch 8- Short-term Decisions Oct 30 Ch 8- Continued HW#7 Oct 31 Nov 4 Ch 9- Master Budgeting Nov 6 MID TERM 2 Nov 11 REMEMBERANCE DAY Nov 13 Ch 9- Continued HW#8 Nov 14 Nov 18 Ch 10- Flexible Budgets Nov 20 Ch 10 Continued HW#9 Nov 21 Nov 25 Ch 11- Performance Evaluation HW#10 Nov 28 Nov 27 Ch 11- Continued Project Due Nov 27 Dec 2 Ch 12- Capital Investments Dec 4 Review