ACCT*2230 MANAGEMENT ACCOUNTING Winter 2012

Transcription

1 Department of Business ACCT*2230 MANAGEMENT ACCOUNTING Winter 2012 INSTRUCTOR: Elliott Currie, Room 207, J.D. MacLachlan Building Ext Office Hours: Tuesday and Thursday 11:00 to 12:00 TEACHING ASSISTANTS: TBA, Room 228 J.D. MacLachlan SECRETARY: Helen Sherwood, Room 202 J.D. MacLachlan Building, Ext COURSE WEB SITE: Required: *Text: MANAGERIAL ACCOUNTING, Eighth Edition by Garrison/Chesley/Carroll/Webb Lyryx by McGraw-Hill Ryerson from University of Calgary, MonocleCAT software license: ISBN see below COURSE OBJECTIVES: This course provides an introduction to Management Accounting. The student will learn how accounting information can be used to address problems and specifically what information is useful and how to apply it. By the end of this course students should be able to: 1. Clearly demonstrate an understanding and application of the behaviours of costs. 2. Determine through Cost-Volume-Profit analysis optimal managerial decisions. 3. Apply budgeting and budget projection tools in a business setting. 4. Incorporate managerial accounting tools in their decision making processes for immediate and future considerations. ACCT 2230 Management Accounting Winter 2011 ~ 1 ~

2 COURSE APPROACH: The emphasis in this course is on learner-centredness, in accordance with the University's Mission Statement. As such, there is a significant element of self-teaching involved. The time commitment will be commensurate to other types of courses but the benefit to students working on the web based components out weighs the time commitment. The issues addressed and analytical tools taught are practical in application. Each student is encouraged to adopt the role of a business manager confronted with a real-life problem. While the text literature and many of the problems focus on a manufacturing setting, the concepts are applicable to all enterprises. CAMTESIA LECTURE VIDEO RECORDINGS This course will be initiating a recording system for each class that will provide a review process accessible from the course Desire 2 Learn website. This CMA Ontario sponsored exercise should enable students to review classes at their most preferred times on line and enable numerous efforts if need be. A standard operating procedure for accessing and using the recordings is included on the website. PARTICIPATION: The class work will include the use of the MonocleCAT software that enables and encourages student engagement in the class problems. These short quizzes are worth 10% of the final mark. A full 5 marks will be assigned to each student that attempts a minimum of 60% of the in-class monoclecat quizzes. And another 5 marks for obtaining 60% or better of the answers correctly ASSIGNMENTS: Text and background reading: a typical week will cover one chapter or more of background reading on concepts, issues and problems. Having read the text, attended the classes and attempted the problems you will be ready to attempt the quizzes in Lyryx. The schedule as listed in Lyryx will be the adhered to timing. Note that generally there is only one attempt at any of the quizzes. Be prepared. The first lecture of each chapter will deal with the Knowledge and Comprehension of the currently assigned materials, concentrating in the deficient areas, as indicated by the fore mentioned weekly quiz, and the introduction of the application of the assigned materials. The second class of each topic will deal with the Application of the assigned materials by taking up the assigned problems and by using other in-class examples where necessary. There will be two in-class quizzes based on the previous weeks materials and their application. Each quiz will be in a written format, similar to the problems undertaken in the preceding weeks. ACCT 2230 Management Accounting Winter 2011 ~ 2 ~

3 There will be two written tests; the Mid Term Exam and the Final Exam. Students are reminded that representing the work of others as his/her own (plagiarism) constitutes academic misconduct. The University of Guelph is committed to upholding the highest standards of academic integrity and you are reminded that it is your responsibility as a student to be aware of and abide by the University s policy. Included n the definition of academic misconduct are such activities as cheating on examinations, plagiarism, misrepresentation, and submitting the same material in two different courses without written permission. To better understand your responsibilities, please read the appropriate section in the Undergraduate Calendar at: Students should be aware that faculty has the right to use software to aid in the detection of plagiarism or copying and to examine students orally on submitted work. For students found guilty of academic misconduct, serious penalties, up to and including suspension or expulsion can be imposed. PERFORMANCE EVALUATION Lyryx Quizzes 15% One per week In class Quizzes 15% One prior to and one post Mid Term Participation (monoclecat) 10% Mid-term Exam 25% Final Exam 35% The Lyryx quizzes will test your understanding of the knowledge component of the assigned materials for that week s class. It is to ensure that you have prepare and review the assigned materials and to provide guidance to the Instructor as to what areas you do not understand. The mid-term and final examinations will be a combination of technical aspects such as questions similar to the text assignments and material taken in class or as assignments. The Instructor reserves the right to adjust final grades by PLUS OR MINUS 10% based on performance of the student in class through participation and leadership or the exact opposite. CLASS SCHEDULE AND ASSIGNMENTS: The attached schedule may require modification from time to time. Any changes or other announcements will be made in class and/or on the course web. MID-TERM EXAM: The mid term exam will be held in class on Thursday March 1. It will be based on the materials taken in week one to week seven inclusive. FINAL EXAM: The examination is Monday April 20, 11:30 to 1:30. It is the student s responsibility to resolve time conflicts. The examination may encompass any material covered during the semester. ACCT 2230 Management Accounting Winter 2011 ~ 3 ~

4 CLASS WORK: It is assumed that each student will come prepared having read all the assigned materials and have attempted all of the assigned problems each week. Should you need to miss a class e.g., for religious purposes, please advise the instructor in advance. The student should consider attempting additional text problems or Lyryx problems in any areas they feel deficient in after doing the above problems. The Instructor reserves the right to change readings and assignments. Any changes will be announced in class and on WEBct/Blackboard. COURSE SCHEDULE Week Text Reference Weekly Assignments Jan 10 & 12 CH 1 Managerial Accounting and The Business Environment CH 2 Cost Terms, Concepts and Classifications E1-1, E1-2, E1-3 E2-2, E2-3, E2-4, E2-5 E2-6, P2-13, P2-15 P2-16, P2-19, P2-21 Jan 17 & 19 CH 3 Systems Design: Job Order Costing E3-3, E3-5, E3-8, P3-23 P3-27, P3-29 Jan 24 & 26 CH 5 Activity-Based Costing: A Tool to Aid Decision E5-2, E5-3, E5-4, E5-12 Jan 31 & Feb. 2 Making CH 6 Cost Behaviour: Analysis and Use Quiz 1 Thursday February 2 P5-24, P5-25, E6-1, E6-3, E6-5, E6-6, E6-7, E6-9, P6-22, P6-23 Feb 7 & 9 CH 7 Cost-Volume-Profit Relationships E7-3, E7-5, E7-6, E7-7 E7-8, E7-9, E7-14, P7-25, P7-29 Feb 14 & 16 CH 8 Variable vs. Absorption Costing: A Tool for Management E8-1, E8-2, E8-3, E8-7 P8-14, P8-15, P8-18 Feb 28 & Mar 1 Mar 6 & 8 READING WEEK CH 9 Budgeting: for costs and cash Mid Term Examination Thursday Mar 1 CH 9 Completed CH 10 Standard Costs Mar 13 & 15 CH 10 Completed CH 11 Reporting for Control E9-1, E9-2 E9-3, E9-4, E9-5, E9-7, E9-8, E9-9, P9-11, P9-13, P9-15, P-17 P9-23, P9-24 E10-1,E10-2,E10-3, E10-4, E10-5,E10-6, E 10-7, P10-19, P10-22, P10-27, P10-30 E11-2, E11-3, E11-5, E11-6, E11-7 E11-11, E11-13, E11-16 Mar 20 & 22 CH 11 Completed Quiz 2 Thursday Mar 22 Mar 27 & 29 CH 12 Relevant Costs for Decision Making E12-1, E12-3, E12-4 E12-6, E12-7,E12-8,E12-9 P12-25, P12-26 April 3 & 5 CH 13 Capital Budgeting Decisions E13-1, E13-3, E13-7 E13-13, E13-18, P13-25 P13-26, P13-28, P13-31 ACCT 2230 Management Accounting Winter 2011 ~ 4 ~

5 TEXTBOOK CONSIDERATIONS You are expected to review the Chapters and complete the questions/modules on your own with the assistance of the McGraw Hill on Line Learning Centre. See the inside front cover of the Garrison text; For The Student For a 12-week semester there are some modifications. These are noted below. The Chapters assigned are on the course outline. In general: - You will not be asked to prepare charts or graphs on a test; these are good tools for understanding and you may use them in any submission; - You are not responsible for Journal entry preparation; you should grasp what is taking place; - You may use these in any submission. N.B.: Students who are unable to complete any of the requirements for the course and who are seeking academic consideration on medical, psychological or compassionate grounds, should notify the course instructor in accordance with the University of Guelph Undergraduate Calendar. Lyryx QUIZZES are established and become available for each student to undertake each week. There will be nine of these quizzes and they will also be marked almost immediately for each submission. Please note that each time any student attempts the quizzes, the numbers are likely to change from any other student undertaking the same quiz, these quizzes are based on an algorithmic process that revises the numbers but not the process each time a question is attempted. At the same time there are numerous questions that have been made available in the LABS for all to attempt as many times as a student desires, but again many of these questions will change each time they are attempted, good practice of the processes in the course material. ACCT 2230 Management Accounting Winter 2011 ~ 5 ~

6 Code of Conduct The Top Ten As a student in the Department of Business, College of Management and Economics at the University of Guelph, you are a member of a scholarly community committed to improving the effectiveness of people and organizations, and the societies in which they reside, through groundbreaking and engaging scholarship and pedagogy. We seek to promote a comprehensive, critical and strategic understanding of organizations, including the complex interrelationship between leadership, systems (financial and human) and the broader social and political context. And, we prepare graduates for leadership roles in which organizational objectives, selfawareness, social responsibility and sustainability are primary considerations. In keeping with this commitment, we expect all of our students (indeed all members of our community) to act in a professional and respectful manner to fellow students, staff and faculty, as well as to members of the broader university and local community. This expectation is very much in keeping with your preparation for a professional career. The following conduct is expected of all of our students: 1. Come to class prepared to learn and actively participate (having completed assigned readings, learning activities etc.). 2. Approach your academic work with integrity (avoid all forms of academic misconduct). 3.Arrive on time and stay for the entire class. If you happen to be late, enter the classroom as quietly as possible. At the end of class, apologize to the faculty member for the interruption. If you have to leave class early, alert the faculty member in advance. 4.If you know in advance that you are going to miss a class, send an to the faculty member letting him/her know that you will be absent, with a brief explanation. 5.While in class, refrain from using any written material (e.g., newspaper) or technology (e.g., the Internet, computer games, cell phone) that is not relevant to the learning activities of that class. Turn off your cell phone at the start of each class. Computers are not regularly required in the class except for MonocleCAT and hence are to be turned off during class. In classes where MonocleCAT is used please ensure that your cell phone is on silent. 6. Listen attentively and respectfully to the points of view of your peers and the faculty member. Don t talk while others have the floor. 7. Raise your hand when you wish to contribute and wait to be called upon. Challenge others appropriately, drawing on reason and research rather than unsubstantiated opinion, anecdote and/or emotion. Keep an open mind and be prepared to have your point of view challenged. 8.When sending s to faculty, apply principles of business writing; use a professional and respectful style (use a formal salutation, check for spelling and grammatical errors, and avoid slang and colloquial short forms). Make sure that you sign the with your name. 9.When making a presentation, wear business dress. 10. Provide thoughtful feedback at the completion of all courses (we are committed to continuous improvement but need your input to help us decide what to focus on). ACCT 2230 Management Accounting Winter 2011 ~ 6 ~

7 On-Line Communication: This course has a website (see I will be communicating with you via your central account <uoguelph.ca> from time to time. You are required to check this account on a regular basis. Please be advised that I will not edit my mailing list to your hotmail/yahoo etc. account. Also be advised that should you send via other addresses the university system may not accept your message and treat it as spam. It is best to always use your uoguelph address to ensure receipt and receiving of . While I endeavour to check my daily, students can reasonably expect a response from me within 48 hours. ACADEMIC CONSIDERATION: Students who find themselves unable to meet course requirements by the deadline or criteria expected because of medical, psychological or compassionate circumstances beyond their control, should review the regulations on Academic Consideration in the Undergraduate Calendar ( and discuss their situation with the instructor, Program Counselor or Academic Advisor as appropriate. RELIGIOUS HOLIDAYS: Should a student need to miss scheduled tests, mid-term examinations, final examinations, or requirements to attend classes and participate in laboratories for religious reasons, please advise the instructor within two weeks of the distribution of this course outline so that alternate arrangements can be made. For further information see ACCT 2230 Management Accounting Winter 2011 ~ 7 ~

8 MONOCLECAT MonocleCAT is a web-based system that allows immediate interactive feedback and graphical simulations, to both aid and assesses understanding of the course material. MonocleCAT feedback, questions and simulations are launched on demand by the professor during class. Students can participate using their laptops, netbooks, ipad, smartphones, or cell-phones. MonocleCAT questions, simulations and answers can also be reviewed by the student throughout the semester should they be made available by the professor. We anticipate utilizing a number of questions and the occasional demonstration in many classes. MonocleCAT will be used to establish student participation marks for this course. MonocleCAT is licensed by student subscription, with unlimited courses per student. Subscription keys are available at the university bookstore or directly on the Top Hat Monocle website at Tutorials and technical support is available on the website once you register and login. A student subscription can be obtained for the following durations: $6.00 for 1 month $20.00 for 4 months $59.00 for 24 months (2 years) $ for 60 months (5 years) A Tutorial session will take place during the second class of the term to familiarize all parties on the workings and procedures of monoclecat. Technical Requirements: Hardware / Software Feature Questions and Feedback Demonstrations Computer (PC or Mac) Firefox 3.0 or later IE 6.0 or later (requires Chrome Frame Plug-in, System will prompt to install upon first usage) Chrome 5.0 or later Safari 4.0 or later Adobe Flash Player PC, MAC, Smartphone or cell phone via text messaging capability PC, MAC only. Smartphone currently in beta and scheduled for future release. ACCT 2230 Management Accounting Winter 2011 ~ 8 ~