UNIVERSITY OF MANITOBA · University of Manitoba ... are assigned for viewing before attempting...

Fall 2016 ACC 1110 A01 A02 A03 Course Outline of 16

University of Manitoba

Department of Accounting and Finance

Fall 2016

ACC 1110 – Introductory Managerial Accounting

Section A01 Tuesday and Thursday 8:30 AM – 9:45 AM

Section A02 Tuesday and Thursday 10:00 AM – 11:15 AM

Section A03 Tuesday and Thursday 1:00 PM – 2:15 PM

Instructor: Alex McMullen, CPA, CA

Office: 357 Drake Centre

Office Hours: Tuesdays 11:15 – 12:15 and by appointment via email

E-mail: [email protected]

COURSE OBJECTIVES

This first course in managerial accounting introduces students to the use of accounting information

for internal management decision-making. The internal user focus is a notable contrast to the

emphasis in financial accounting of reporting the results of a company’s operations to external

users. The course is designed from the perspective of the general manager, and its primary

purpose is to develop the ability to use rather than to prepare accounting information.

Specifically, this course should help you to

understand how basic cost concepts are applied to develop costing systems that will

determine the cost of a company’s products or services. Accurate cost data is an essential

prerequisite for proper managerial decision-making.

understand and apply management accounting concepts and techniques in order to make

wise choices between competing alternatives. This requires the ability to extract relevant

information from accounting records, reports or statements, and to properly use this

information.

understand basic concepts of management control systems and utilize these concepts in

evaluating the performance of managers, products, or economic units.

The course will also address the following learning goals:

Ethics: students will be exposed to ethical situations in assigned homework questions and

classroom discussions

Communications: students will be encouraged to participate in classroom discussions and

will be evaluated on written communication on examination papers.

Quantitative methods: students will develop skills in basic quantitative analyses in

assignment homework questions and classroom activities

Critical thinking: students will be expected to determine which decision analyses are

required in various situations, the underlying assumptions and limitations of the analyses,

and what additional information should be considered.


COURSE OBJECTIVES CONT’D:

AACSB Assurance of Learning Goals and Objectives.

The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process

of continuous improvement of the School and our students. Part of “student improvement” is

ensuring that students graduate with the knowledge and skills they need to succeed in their careers.

To do so, the Asper School has set the learning goals and objectives listed below for the

Undergraduate Program. The checked goal(s) and objective(s) will be addressed in this course

and done so by means of the items listed next to the checkmark.

Goals and Objective in the Undergraduate Program

Goals and

Objectives

Addressed

in this

Course

Course Item(s)

Relevant to these

Goals

and Objectives

1 Quantitative Reasoning

A. Determine which quantitative analysis technique

is appropriate for solving a specific problem.

Entire course

B. Use the appropriate quantitative method in a

technically correct way to solve a business

problem.

Entire course

C. Analyze quantitative output and arrive at a

conclusion.

Entire course

2 Written Communication

A. Use correct English grammar and mechanics in

their written work.

Short-answer

assignment

questions

B. Communicate in a coherent and logical manner Short-answer

assignment

questions

C. Present ideas in a clear and organized fashion. Short-answer

assignment

questions

3 Ethical Thinking

A. Identify ethical issues in a problem or case

situation

Qualitative

assignments and

exams

B. Identify the stakeholders in the situation.

C. Analyze the consequences of alternatives from an

ethical standpoint.

Qualitative

assignments and

exams

D. Discuss the ethical implications of the decision. Qualitative

assignments and

exams

4 Core Business Knowledge Entire course


Assigned Material

1) Garrison et al. Managerial Accounting, Tenth Canadian Edition (10th

CE), McGraw Hill

Ryerson:

Garrison 10th CE print book with Connect ISBN = 9781259103278 or

Garrison 10th CE Connect + eBook ISBN = 9781259066818

Do not throw away the Connect access code card included in the 10th

CE that comes

with your new textbook. You need it to access the Connect site for assignments, ebook

videos, and other resources. If you had purchased a copy of the new 10th

edition prior term,

the access code that came with the text, should be valid. However, a pre-owned 10th

edition’s access code that has been assigned to the previous owner is not transferrable or

re-useable.

2) Information for McGraw Hill Connect sites for Sections A01, A02 and A03 is below:

Instructor: Alex McMullen

Section: F16 Managerial A01 A02 A03 McMullen

Registration Date: 0/07/16 – 9/22/16 (September 7 to September 22, 2016)

Connect Registration Site:

https://connect.mheducation.com/class/a-mcmullen-f16-managerial-a01-a02-a03-mcmullen

Registration Help:

http://bit.ly/StudentRegistration

3) ACC 1110 class materials in various formats are available for download from UM Learn

course website. Students are expected to bring e- or hard copies of class materials to class.

4) To enhance problem-solving skill, Connect e-book videos of selected demonstration questions

are assigned for viewing before attempting after-chapter self-study questions. You can find

the assigned e-book videos in the Tentative Course Schedule below.

Course Website

Various materials for the course are available on UM Learn. To access the course website, going

to https://universityofmanitoba.desire2learn.com/d2l/login will take you to the desire to learn

home page. Log into UM Learn using your UMnetID account. Once you are at your UM Learn

page, click on the ACC 1110 course title.

If you do not yet have an UMNetID account, go to the U of M home page, click on “current

students” and go to Claim ID in the “Online Services” section. That will take you through the

University’s claim-id procedure. If you have not already done so, you should set your UM Learn profile to forward mail to the

email address you use most often. That way, course announcements will be sent to that email

address.

https://connect.mheducation.com/class/a-mcmullen-f16-managerial-a01-a02-a03-mcmullen

http://bit.ly/StudentRegistration


Course Conduct

Students are expected to:

Behave in a courteous and professional manner in all dealings with both their fellow students

and the professor both in and outside of class. Students who exhibit behaviours that detract

from the quality of the class (e.g., regularly arriving late or leaving early, talking to

classmates during class, answering cell phones, obviously reading material unrelated to the

class, listening to iPods, texting, surfing the internet or social media) may be asked to correct

their behaviour, move to another seat, or be asked to leave the classroom.

Complete the text reading prior to class.

Bring e- or hard copies of class materials to follow lecture and take notes.

Review Connect e-book videos of assigned demonstration questions.

Review Self-Study Questions in a timely manner.

Students are encouraged to use a laptop or tablet to take notes during class, but not for other

purposes in class. Students who miss a class and in need of the class notes should ask a

classmate for updates.

Course / Tutorial Lab

Attendance to the course lab is STRONGLY ENCOURAGED, but attendance is not mandatory.

Attendance may be taken in the lab for purposes of evaluating the usefulness of labs, but will not

affect your grade in the course.

End of Chapter Self-Study Questions

The Connect assignments are NOT sufficient preparation for this course. This course outline

includes a list of self-study questions that should to be done at the end of each chapter. These

questions are designed to allow students to review lecture material and to practice applying

knowledge of each subject area. Reviewing the assigned Connect e-book video(s) before

attempting the self-study questions will be helpful. Solutions of after-chapter problems are

provided in the UM Learn course site.

Students may benefit from working on questions with a study partner or in a small group. This

will help ensure completeness of your individual responses. Questions will not be handed in for

grading. It is each student’s responsibility to check their own responses against solutions in detail

and to identify areas where improvement is necessary. Any persistent difficulties should be

discussed with the instructor during office hours or by email.


Examinations

Students are allowed to bring one 8.5-inch by 11-inch sheet, handwritten on both sides, into the

midterm and the final examination. Write your name and the last four digits of U of M student

ID on the upper right hand corner of the sheet. It is necessary to submit this sheet with the

examination. Cell phones are not permitted. You must bring your student ID card to the

exam. A driver licence is not sufficient to prove your student status to write an examination

with the University of Manitoba.

There is no make-up midterm examination. In all cases of midterm absence, the instructor

should be advised with 7 calendar days of the examination date and receive suitable

documentation. Students who miss the midterm examination for legitimate reasons (medical

compassionate, or university sports team travel) and provide suitable documentation in time will

have the weight of midterm exam put on the final exam. Note that a conflict with employment is

not an excused absence considered by the University.

In case of a midterm conflict with another course of our university, students should ask the

instructor of the other course if there is a deferred midterm, if not, be prepared to write back-to-

back midterm examinations of both courses on the same date.

Students who miss the final examination must apply to the Undergraduate Program Office, Room

268 Drake, for possible deferred examination privileges.

Important Dates and Deadlines

These are set by the University Administration and can be found at

http://umanitoba.ca/student/records/deadlines/index.html.

Office Hours

Office hours are as listed. It is best to email me to set up an appointment so that you ensure that

you get the time that you need.

http://umanitoba.ca/student/records/deadlines/index.html


Mark Allocation

Midterm Examination: Tuesday, November 1, 2016, 6:00 PM to 8:00 PM 35.0%

Exam rooms to be announced

5 Connect Assignments: By 11:59 PM on various dates (see page 5) 10.0%

Team Assignment 1: ABC Thursday October 20, 2016 at 4:00 PM 2.5%

Team Assignment 2: Budgeting Thursday, November 17, 2016 at 4:00 PM 2.5%

Final Examination: Cumulative, 3 hours, Location and Time TBA 50.0%

100.0%

ABC and Budget Team Assignments

Both assignments are to be done in teams using Excel functions and templates provided. Save

your final team work in the Excel Workbook before submitting in the Dropbox on UM Learn

course website. Late, individual, or in-person paper-based submissions will not be accepted.

Marks will be lost for not using the Excel template format provided. Toward the end of term, a

peer evaluation form will be provided for students who wish to fill out. Individual score of each

assignment will be adjusted accordingly to compute the end-of-term course grade. Teams will be

assigned by the instructor when the registration revision period is over.

Team Assignment Due by 4:00 PM on Weight Topic

1 Thursday, October 20 2.5% Ch. 7 Activity Based Costing

2 Thursday, November 17 2.5% Ch. 9 Budgeting

It is suggested that you make a copy of your answer to check against the answer key. For both

assignments, 40% to 50% of the grade will be based on completion of all parts, and the rest based

on having certain check figures correct.

Mandatory Connect Assignments for the 10th

CE

You will receive full credit as long as you achieve a score of 70% or better on the assignment.

Questions can be re-done without penalty. If you get a score less than 70%, you will receive your

actual score on the assignment. Be advised that you MUST hit “SUBMIT” to submit the

assignment to Connect: it is not submitted automatically. Late assignments are accepted, but 5%

is deducted from your score for each hour late.

Assignment Due by 11:59 PM on Weight Topic

1 Friday, September 29 2% Ch. 2 Cost, Terms, Concepts, & Classifications

2 Wednesday, October 12 2% Ch. 5 Job Order Costing

3 Friday, October 28 2% Ch. 4 Cost-Volume Profit Relationships

4 Friday, November 25 2% Ch. 10 Standard Costs & Overhead Analysis

5 Wednesday, December 7 2% Ch. 11 Reporting for Control

Fall 2016 ACC 1110 A03 Course Outline of 16

Fall 2016 ACC 1110 A03 Tentative Course Schedule

Date Unit Topic Reading Demonstration Questions Self-study Questions

Day 1

Thu.

Sept. 8

1 Managerial Accounting and the

Business Environment

Chapter 1 E1-1 and E1-2

P1-5 (Listen to the “Help

Me Solve It Tutorial” via

Connect ebook video

(McGraw-Hill)

Q:1-1, 1-2, 1-4, 1-7, 1-

9, 1-12,

P: 1-7, P1-8

Day 2

Tue.

Sept. 13

2a Cost Terms, Concepts, and

Classifications

Chapter 2

pages 26-36

E2-2

P2-14

Q:2-1, 2-2, 2-3, 2-6, ,

2-8

E:2-9

Day 3

Thu.

Sept. 15

2b Cost Terms, Concepts, and

Classifications: Statement of Cost of

Goods Manufactured and Cost of

Goods Sold

Chapter 2

pages 36-39

E2-4

P2-24

Q: 2-5, 2-7

P:2-26

Day 4

Tue.

Sept. 20

2c Cost Terms, Concepts, and

Classifications: Fixed, Variable, Direct

and Indirect Costs

Chapter 2

pages 39-41

E2-6 (Listen to the “Help

Me Solve It Tutorial” via

Connect ebook video

(McGraw-Hill)

Q: 2-9, 2-10, 2-11, 2-12

E:2-11

P:2-13, 2-20, 2-21

2d Cost Terms, Concepts, and

Classifications: Cost Classifications

Used in Making Decisions

Chapter 2

pages 42-45

P2-15

P2-20

Q:2-13, 2-14, 2-15, 2-

16

P:2-18

Sept. 22 Last day to register McGraw-Hill Connect site

http://connect.customer.mheducation.com/



Fall 2016 ACC 1110 A03 Tentative Course Schedule Continued:


Day 5

Thu.

Sept. 22

3a System Design: Job order Costing -

- Overview

Chapter 5

pages 153-

158

E5-1 & E5-5 (Listen to the

“Help Me Solve It Tutorial”

via Connect ebook videos

(McGraw-Hill)

Q: 5-1, 5-2, 5-3

E: 5-2

3b System Design: Job order Costing

– Manufacturing Overhead

Applied and Cost Flows

Chapter 5

pages 159-

172

E5-3,

E5-11

Q: 5-4, 5-6, 5-7, 5-8, 5-

10, 5-13, 5-14, 5-15

E: 5-4, 5-6, 5-8, 5-11, 5-

14

P: 5-18

Day 6

Tue.

Sept. 27

3b System Design: Job order Costing

– Manufacturing Overhead

Applied and Cost Flows

Chapter 5

pages 159-

172

P5-17

Day 7

Thu.

Sept. 29

3c System Design: Job order Costing

– Disposing Overapplied and

Underapplied Overhead

Chapter 5

pages 172-

180

Appendix

5A pages

206-207

P5-22 P: 5-19, 5-20, 5-24 5A-2

Fri. Sept. 29 Connect Assignment 1 Due by 11:59 PM.

Day 8

Tue.

Oct. 4

4a Activity Based Costing: Model and

the 2-stage Cost Allocation

Chapter 7

pages 249-

264 omit

Appendix

E7-1 (Listen to the “Help Me

Solve It Tutorial” via Connect

ebook video (McGraw-Hill)

E7-2, E7-6, and E7-9

Q: 7-1,7-2,7-5, 7-6, 7-10,

7-11

E:7-3, 7-4, 7-10, 7-11, 7-

12, 7-16






Day 9

Tue.

Oct. 11

4b Activity Based Costing: Product

Cost

Chapter 7

pages 264-

274 omit

Appendix

P7-20 P:7-21, 7-22

Oct. 12 Connect Assignment 2 Due by 11:59 PM

Day 10

Thu.

Oct. 13

5 Cost Behaviour: Analysis and Use Chapter 3

including

Appendix

E3-1, E3-2 and E3-7 (Listen to

the “Help Me Solve It

Tutorial” via Connect ebook

videos (McGraw-Hill)

E3-5, E3-8, P3-17

Q:3-2, 3-8 , 3-12, 3-13,

3-14

E:3-3, 3-4, 3-10, 3A-1

P:3-11, 3-15, 3-16

Day 11

Tue.

Oct. 18

6 Cost-Volume Profit Relationships Chapter 4

(omit pages

125-127)



ebook video (McGraw-Hill)

E4-11

P4-19

P4-30

Q:4-2, 4-3, 4-4, 4-5, 4-

6, 4-11

E: 4-1, 4-3, 4-10, 4-12,

4-16

P: 4-18, 4-22, 4-27, 4-

31

Day 12

Thu.

Oct. 20

Oct. 20 Team Assignment 1: ABC due by 4:00 PM via UM Learn Dropbox






Day 13

Tue.

Oct. 25

7 Variable Costing: A Tool for

Management

Chapter 8 E8-1 and E8-8, (Listen to the

“Help Me Solve It Tutorial”


(McGraw-Hill)

E8-5, P8-10, C8-19

Q:8-1, 8-2, 8-3, 8-6, 8-

7,8 -9

E:8-1, 8-2, 8-7

P:8-14, 8-16, 8-17 Day 14

Thu.

Oct. 27

Oct. 28 Connect Assignment 3 due by 11:59 PM

Day 15

Tue.

Nov. 1

No class due to Midterm Exam;

Coverage: Chapters 1 to 5 and 7 to 8, inclusive (i.e., Units 1 to 7, inclusive)

Day 16

Thu.

Nov. 3

8a

8b

Budgeting: Introduction

Budgeting: Process; Sales Budget,

Expected Cash Collections &

Disbursements, Production

Budget, Direct Materials Budget

Chapter 9

pages 343-

349

Chapter 9

pages 349-

363


Solve It Tutorial” via

Connect ebook video

(McGraw-Hill)

Q: 9-1, 9-3, 9-8

P: 9-13

Q: 9-5,

E: 9-1, 9-2, 9-4, 9-5, 9-6

P: 9-18

C: 9-27

Day 17

Tue.

Nov. 8

8b Budgeting: Production and Direct

Materials Budgets; Cash Budget,

Income Statement and Balance

Sheet

Chapter 9

pages 349-

363

P9-14

P9-17

Same as above






Day 18

Thu.

Nov. 10

8c Budgeting: Flexible Budget &

Performance Report

Chapter 9

pages 363-

369 omit

appendix


Solve It Tutorial” via

Connect ebook video

(McGraw-Hill)

Master Budget Example

Q: 9-13

E: 9-10

P: 9-25

Day 19

Tue.

Nov. 15

9 Standard Costs and Overhead

Analysis: Setting Standards and

Basic Variance Analysis

Chapter 10

omit pages

420-427,

omit

Appendices

E10-3and E10-9 (Listen to the

“Help Me Solve It Tutorial” via

Connect ebook videos

(McGraw-Hill)

P10-29

P10-22

Q: 10-1, 10-2, 10-7, 10-

10, 0-12, 10-17

E:10-2, 10-7, 10-8

P:10-18, 10-19 (omit

part 4) 10-22, 10-24, 10-

31 (omit part 4) Day 20

Thu.

Nov. 17

Nov. 17 Team Assignment 2 Due by 4 PM via UM Learn Dropbox

Day 21

Tue,

Nov. 22

10a Reporting for Control:

Segmented Reporting

Chapter 11

pages 480 -

490

E11-1 and E11-3 (Listen to the

“Help Me Solve It Tutorial” via

Connect ebook videos

(McGraw-Hill)

P11-15

Q: 11-1, 11-2, 11-4, 11-5

E:, 11-4

P:11-12, 11-13, 11-14






Date Unit Topic Reading Demonstration Questions Self-Study Questions

Day 22

Thu.

Nov. 24

10c Reporting for Control: Return on

Investment and Residual Income

Chapter 11

pages 491

– 505

E11-5 and E11-11 (Listen to

the “Help Me Solve It Tutorial”


(McGraw-Hill)

P11-18

Q: 11-8, 11-9, 11-10,

11-11, 11-13, 11-14

E: 11-6, 11-7, 11-8, 11-

10

P:11-17, 11-20, 11-22

C:11-25

Nov. 25 Connect Assignment 4 due by 11:59 PM

Day 23

Thu.

Nov. 29

10b Reporting for Control: Transfer

Pricing (via Connect On-Line)

–Appendix

11A

P11A-9 Q: 11A-1, 11A-2, 11A-3

E: 11A-1, 11A-2, 11A-

3

P: 11A-11, 11A-12

10d Reporting for Control: Cost of

Quality (via Connect On-Line)

–Appendix

11A

P11A-14 Q: 11A-4, 11A-5

E:11A-4

P:11A-14




Date Unit Topic Reading Demonstration Questions Self-Study Questions

Day 24

Tue.

Dec. 1

11a

11b

Relevant Costs for Decision

Making:

Relevant and Differential Costs;

Keep, Add or Drop a Segment;

Unit 11a:

Chapter 12

pages 526-

532

Unit 11b:

Chapter 12

pages 533-

536

Q: 12-1, 12-2, 12-5,

12-6

E: 12-14

P: 12-23

11c Relevant Costs for Decision

Making:

Make or Buy

Chapter 12

page 537-

539

P12-27



ebook video (McGraw-

Hill)

E: 12-9

P: 12-24





Date Unit Topic Reading Demonstration Questions Self-study questions

Day 25

Tue.

Dec. 6

11d Relevant Costs for Decision

Making:

Special Order

Chapter 12

pages 539-

542

E12-4 Q:12-10

E: 12-10

P: 12-28

11e Relevant Costs for Decision

Making:

Joint Costs and Process Further

Chapter 12

pages 542-

545

E12-6

P12-22

Q: 12-14, 12-15

E: 12-12. 12-17

P: 12-30

Dec. 7 Connect Assignment 5 due by 11:59 PM

Day 26

Thu.

Dec. 8

11f

11g

Relevant Costs for Decision

Making :

Utilization of Constrained

Resource;

Cost-Plus Pricing and Target

Pricing (via Connect On-Line)

Unit 11f:

chapter 12

pages 545-

548

Unit 11g:

Appendix

12A

E12-11

P12-25

P:12-29

E:12A-1, 12A-2

P: 12A-4


ACADEMIC INTEGRITY

It is critical to the reputation of the I.H. Asper School of Business and of our

degrees that everyone associated with our faculty behaves with the highest

academic integrity. As the faculty that helps create business and government

leaders, we have a special obligation to ensure that our ethical standards are

beyond reproach. Any dishonesty in our academic transactions violates this trust.

The University of Manitoba Undergraduate Calendar addresses the issue of

academic dishonesty under the heading “Plagiarism and Cheating.” Specifically,

acts of academic dishonesty include, but are not limited to: using the exact words of a published or unpublished author without quotation marks and

without referencing the source of these words

duplicating a table, graph or diagram, in whole or in part, without referencing the source

paraphrasing the conceptual framework, research design, interpretation, or any other

ideas of another person, whether written or verbal (e.g., personal communications, ideas

from a verbal presentation) without referencing the source

copying the answers of another student in any test, examination, or take-home assignment

providing answers to another student in any test, examination, or take-home assignment

taking any unauthorized materials into an examination or term test (crib notes)

impersonating another student or allowing another person to impersonate oneself for the

purpose of submitting academic work or writing any test or examination

stealing or mutilating library materials

accessing tests prior to the time and date of the sitting

changing name or answer(s) on a test after that test has been graded and returned

submitting the same paper or portions thereof for more than one assignment, without

discussions with the instructors involved.

Group Projects and Group Work

Many courses in the I.H. Asper School of Business require group projects. Students should be

aware that group projects are subject to the same rules regarding academic dishonesty. Because

of the unique nature of group projects, all group members should exercise special care to insure

that the group project does not violate the policy on Academic Integrity. Should a violation

occur, group members are jointly accountable unless the violation can be attributed to a specific

individual(s).

Some courses, while not requiring group projects, encourage students to work together in groups

(or at least do not prohibit it) before submitting individual assignments. Students are encouraged

to discuss this issue as it relates to academic integrity with their instructor to avoid violating this

policy.

In the I.H. Asper School of Business, all suspected cases of academic dishonesty are passed to

the Dean’s office in order to ensure consistency of treatment.

UNIVERSITY OF MANITOBA · University of Manitoba ... are assigned for viewing before attempting...

Documents

Transcript of UNIVERSITY OF MANITOBA · University of Manitoba ... are assigned for viewing before attempting...