ACC 3040 - Cost Accounting Course Outline Summer 2016

University of Manitoba
I.H. Asper School of Business
Department of Accounting and Finance
ACC 3040 - Cost Accounting
Course Outline
Summer 2016
A01 Tuesday and Thursday 4:15 PM – 6:45 PM
Instructor:
Email:
Tel.:
Office:
Office hours:
Debbie Mortimer, B. Comm. (Hons.), M. Acc., FCPA, FCGA
[email protected]
(204) 474-6389
366 Drake Centre
Tuesdays 10am-4pm, or by appointment.
Course Objective:
The course goals are to develop an understanding of the application of strategic cost management
principles for business and not-for-profit organizations, and to provide an opportunity to develop skills
in applying these principles through exercises and cases. The management accountant’s role is to
provide timely and accurate information to assist management in achieving the firm’s goals. This is an
integrative role, which requires the management accountant to understand the firm’s strategy, and to
understand how both financial and non-financial information is developed across all the management
functions.
There are five specific goals, each of which is covered in sequence in the five parts of the course:
1) Understand the fundamentals of management accounting, including the strategic focus, and
other basic cost terms and concepts
2) Determine product costs
3) Use costs and other critical success factors in management planning and decision making
4) Use costs and other critical success factors in operational control
5) Use costs and other critical success factors in management control
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Course Objective 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.
1
2
3
4
Goals and Objective in the Undergraduate Program
Quantitative Reasoning
A. Determine which quantitative analysis
technique is appropriate for solving a
specific problem.
B. Use the appropriate quantitative method in a
technically correct way to solve a business
problem.
C. Analyze quantitative output and arrive at a
conclusion.
Written Communication
A. Use correct English grammar and
mechanics in their written work.
B. Communicate in a coherent and logical
manner
C. Present ideas in a clear and organized
fashion.
Ethical Thinking
A. Identify ethical issues in a problem or case
situation
B. Identify the stakeholders in the situation.
C. Analyze the consequences of alternatives
from an ethical standpoint.
D. Discuss the ethical implications of the
decision.
Core Business Knowledge
Goals and
Objectives
Addressed in this
Course
Course Item(s)
Relevant to these
Goals
and Objectives
Entire course

Entire course




Entire course
Written case
assignments
Written case
assignments
Written case
assignments

Entire course

Entire course
Entire course

Entire course

Entire course
Knowledge, techniques and skills learned in this course are fundamental to a successful career as an
accountant. Mastery of course materials and competencies is required to pass examinations that lead to
professional accounting designations.
Summer 2016 -- ACC 3040 Course Outline
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Text and Website Information:
Cost Management: A Strategic Emphasis, Blocher, Chen, Cokins, Lin. McGraw-Hill; 7th Edition.
Book alone ISBN: 978-0-07-773377-3; CEI ebook: 9781259293757
The 6th edition is no longer supported by the publisher, so instructor is not authorized to release the 6th
edition solutions. The 7th edition comes with Connect electronic features, such as an e-book and
publisher’s power point files. If you choose to purchase an e-book, the access to Connect resources are
included. Alternatively, an access code should come with each hard copy of 7th edition textbook.
Register in Connect with the access code. Registration details will be provided on UM Learn. There are
no mandatory Connect assignments.
Please note that while the text is the primary source of information for the course, class notes, and class
discussions are important. Thus, you are responsible for the text material and class discussions for
examination purposes.
For each text chapter assigned, recommended problems will be assigned. Solutions are available on UM
Learn (see instructions below). Text questions will also be discussed in class, so it is encouraged you
bring your text to each class (see course schedule). The schedule is likely to change, so keep checking
UM Learn. This course represents an extension of Managerial Accounting (ACC 1110). A review of
certain ACC 1110 materials is necessary although class time used for this purpose will be limited.
Follow the instructions below to log into UM Learn:
1. The UM Learn website address is: https://universityofmanitoba.desire2learn.com/d2l/login
2. Sign in using your University of Manitoba UMnetID. (If you do not have a UMnetID, go to the
Iridium website at: https://iridium.umanitoba.ca/ and click on Create UMnetID.)
3. From your Summer 2016 list of courses, click on ACC-3040-A01.
Grading:
5%
5%
10%
35%
45%
100%
In class group work and discussions (see schedule)
Group case 1 – Blue Ridge Manufacturing due May 26 by 4:00PM
Group case 2 – TBA due June 16 by 4:00PM
Midterm exam – May 31, 4:15pm-6:45pm, Scotia Bank Lab
Final exam, Saturday, June 18, 9am-12pm
For students who miss the midterm for legitimate reasons, the weight of the midterm exam will be
allocated to the final examination (i.e., you will be writing an 80% final examination). Absence from
exams due to illness requires a medical certificate. If you miss the midterm for non-legitimate reasons
you will be given a score of 0 (zero). There will be NO DEFERRED MIDTERM exam privileges.
Students who miss the final exam must apply to the Undergraduate Program Office in their faculty for
possible deferred examination privileges.
Summer 2016 -- ACC 3040 Course Outline
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Any request for re-reads of term examinations and assignments must be made, in writing, within 10
working days of the class when it was returned. The date for voluntary withdrawal is June 7.
Important dates and deadlines set by the University can be found at
http://umanitoba.ca/student/records/registration/3339.html#Registration_Dates
In-class Group Work and Discussions
You will be assigned to groups and through-out the term there will be in-class questions for your group
to answer and present to the class. The questions will be distributed during class. It is expected you will
come prepared to discuss the material the group work is covering (see course schedule). Although your
group is only responsible for one question to be handed in and presented to the class it is expected you
and your group will attempt all the in-class assigned questions. Further, it is expected that responsibility
roles within the group will rotate. Thus, the presenter, scribe task manager and other roles should not
rest with the same individuals each time.
Group Cases
During the term you will be required to prepare a response to two cases. Cases responses will be
submitted as one final file via the UM Learn dropbox function. Details to be provided in UM Learn
later in the term.
All cases submitted will be retained for future terms to ensure students do not share their answers with
students who may be assigned the cases in the future. If you are found giving your solution to other
students, you along with the recipient students will be dealt with under the Academic Integrity
guidelines of the faculty.
Group Evaluation
Each group is responsible for the governance within the group. In extreme cases of dispute or
inequitable workload within the group, all of the group members are to make an appointment with your
instructor in order to mediate the situation. Appointments with only some of the group members will
not suffice. The instructor reserves the rights to make determinations based on any submitted work if
there is evidence of freeloading.
Final Grade Tentative Distribution
Final grades are based on the student’s weighted mark and performance relative to other students.
Grades may be curved. It should be clear though that there is absolutely no requirement that a minimum
number of students either fail or receive a D in the course. The final grade distribution will be
determined at the end of term once all results of all students have been combined.
Summer 2016 -- ACC 3040 Course Outline
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Tentative Course Schedule
Date
Topic
May 3
Introduction to Strategy, Cost Management, and Cost System
Implementing strategy: The Value Chain, the Balanced
Scorecard, and the Strategy Map
Process Costing, Backflush Costing, and Spoilage
Process Costing, Backflush Costing, and Spoilage
In Class Assignment
Cost Allocation: Service departments and Joint Products
In Class Assignment
Activity Based Costing and customer Profitability Analysis
Decision Making with a Strategic Emphasis
Decision Making with a Strategic Emphasis
Product life cycle, Target Costing, Theory of Constraints and
Long Term Pricing
In Class Assignment
Midterm Test Run
Standard Costing: Direct Materials and Labour;
Group Case 1 Class Discussion
Blue Ridge Manufacturing Due by 4:00 PM
Midterm Chapters 1, 2, 5, 11 and 13
Standard Costing: Overhead
Productivity, Marketing Effectiveness and Strategic
Productivity Analysis
Productivity, Marketing Effectiveness and Strategic
Productivity Analysis
In Class Assignment
Strategic Performance Measurement: Cost Centres, Profit
Centres and the Balanced Scorecard
Strategic Performance Measurement: Investment Centres and
Transfer Pricing
In Class Assignment
Management Compensation and Business Valuation
Group Case 2 Class Discussion
TBA due by 4:00 PM
May 5
May 10
May 12
May 17
May 19
May 24
May 26
May 31
June 2
June 7
June 9
June 14
June 16
Assigned Readings
Chapter 1
Chapter 2
Chapter 6
Chapter 6
Chapter 7
Chapter 5 pages 138-150
Chapter 11 (omit appendix)
Chapter 11 (omit appendix)
Chapter 13
Chapter 14
Discussion
Chapter 15 (omit appendix)
Chapter 16
Chapter 16
Chapter 18
Chapter 19
Chapter 20
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.