ACC 1110 Introductory Managerial Accounting Summer 2014 UNIVERSITY OF MANITOBA

UNIVERSITY OF MANITOBA
I. H. Asper School of Business
Department of Accounting and Finance
ACC 1110
Introductory Managerial Accounting
Summer 2014
Instructor:
Office:
Phone #:
Office Hours:
E-mail:
Debbie Mortimer, B. Comm. (Hons.), M. Acc., FCGA
366 Drake
204-474-6389
Tuesday/Thursday 3pm-4pm or by appointment
[email protected]
Assigned Material
1)
Garrison et al. Managerial Accounting, Ninth Canadian Edition, McGraw Hill
Ryerson, 2012. ISBN 0-07-040189-6.
2)
McGraw Hill Connect site. Do not throw away the Connect access code card
that comes with your new textbook. You will need it to access the Connect site
for doing the on-line assignments and to access practice questions and other
resources.
3)
ACC 1110 Course notes available for download from Desire 2 Learn course
website
Objectives of the Course
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 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 Website
The course will be set up in Desire2Learn (D2L). Here you will find lecture notes (Power Point),
assignments, discussion groups, textbook solutions, and other resources. Follow the
instructions below to log on to D2L:
1. The D2L website address is: https://www.umanitoba.ca/d2l
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 2014 list of courses, click on ACC-1110.
If you have not already done so, you should set your D2L profile to forward mail to the email
address you use most often. That way, any course announcements will be sent to that email
address.
Mark Allocation
Midterm
July 22, 7pm-9pm
Connect assignments (4)
Activity Based Costing assignment C5-21
Budget assignment P9-24
Final Examination
Cumulative exam, Aug 9, 9am-12pm
35%
10%
2.5%
2.5%
50%
Course 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 Questions:
The Connect assignments are NOT sufficient preparation for this course. This course
outline also includes a list of suggested chapter questions that should to be done at the
end of each chapter or will be discussed in class as time permits. These questions are
designed to allow students to review lecture material and to practice applying knowledge
of each subject area.
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. Solutions will be made available to students for all questions. 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.
Activity based Costing Assignment Case 5-21 and Budget Assignment P9-24
These assignments are to be handed in at the beginning of class on July 10 and July 29.
These assignments will be done in assigned groups of up to 4 people. For both
assignments, 50% of the grade will be based on completion of all parts, and 50% based
on having certain check figures correct.
Peer group evaluations will be conducted. Each group member will evaluate each other
group member’s performance. If all members contributed equally to the group project
then each member should receive a contribution score of 100%. If one or more
members did not contribute fully he or she should be given a contribution score of less
than 100% (minimum = 0%). Your individual grade will be equal to the grade assigned
for the group project, multiplied by your individual average contribution score as
determined by the other group members. Please submit your evaluation via e-mail by
August 9. Note if you do not submit a group evaluation it will be assumed you are giving
each member a 100% contribution score.
Connect Assignments
Connect assignments are mandatory-there are four in total, see tentative course
schedule for due dates. 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.
Examinations:
Students are allowed to bring one 8.5 x 11 inch sheet, handwritten on one side only,
into the midterm examination. It will not be necessary to submit this sheet with the
examination. For the final examination, students are allowed to bring one 8.5 x 11 inch
sheet, handwritten on both sides. It will be necessary to submit this sheet with the
examination. Calculators must be non-programmable and cannot have text storage
capacity. Cell phones are not permitted. You must bring your student ID card to the
exam.
Students who miss either of the mid-term examinations for legitimate reasons (medical
compassionate, or university sports team travel) will have the weight put on the final
exam. In all cases of absence the instructor should be advised with 7 days of the
examination date and receive suitable documentation.
Students who miss the final examination must apply to the Undergraduate Program
Office, Room 268 Drake, for possible deferred examination privileges.
Any requests for re-reads of a mid-term examination must be made in writing within 10
working days of the class when it was returned.
Course Conduct
Students are expected to complete the text reading and review assigned homework problems
prior to class. You should bring your textbook to class with you so you can see the question in
front of you: generally, most students are not able to see the question on the projector screens
well. “Quick Check” questions from the power point slides will be taken up in class so you
should have those with you in class as well. Laptops, iPads, and other electronic devices are
allowed in the classroom, however, must be used for class material and discussion purposes.
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) may be asked to correct their behaviour, move to
another seat, or be asked to leave the classroom.
Academic Integrity
The faculty rules for academic integrity are appended to this document, and should be read
carefully. Penalties vary with circumstances, but the typical penalty for a first time offence
includes an F in the course with a notation on the transcript and being barred from taking any
courses in the I.H. Asper School of Business for a period of six to eight months.
Class
Topic
June 24
(Cindy
Morley)
Managerial Accounting and the
Business Environment
ACC 1110 TENTATIVE TIMETABLE
Reading
In Class
Demonstration
Questions
Chapter 1
P1-4
P1-7
Self-study questions
Cost Terms, Concepts, and
Classifications
Chapter 2 pages 30-40
E2-1
E2-2
Q:1-1, 1-4, 1-7, 1-9, 1-12
E: 1-1, 1-2
P1-5
Q:2-1, 2-2, 2-3, 2-5, 2-6, 2-7
E:2-9
Cost Terms, Concepts, and
Classifications
Cost Terms, Concepts, and
Classifications
Chapter 2 pages 40-43
E2-10
P:2-26
Chapter 2 pages 43-46
E2-5
Cost Terms, Concepts, and
Classifications
Chapter 2 pages 46-49
P2-15
Q: 2-9, 2-10, 2-11, 2-12
E:2-10
P:2-13
Q:2-13, 2-14, 2-15, 2-16
P:2-20
System Design: Job order
Costing
System Design: Job order
Costing
Chapter 3 pages 69-76
Chapter 3 pages 76-97
E3-3
E3-6
E3-11
Friday,
July 4
System Design: Job order
Costing
Chapter 3 pages 76-97
Appendix 3A pages 122-124
P3-17
P3-22
E3A-1
July 7
Connect Assignment # 1 due
at 11:59 pm (Chapters 1,2,3)
June 26
(Cindy
Morley)
July 3
Q: 3-1, 3-2, 3-3
E: 3-1
Q: 3-4, 3-6, 3-7, 3-8, 3-11, 3-14,
3-15, 3-16
E: 3-5, 3-8, 3-11, 3-14
P: 3-19, 3-20, 3-24 3A-2
July 8
July 10
Activity Based Costing I
Chapter 5 pages 171-184 omit
Appendices
Activity Based Costing II
Chapter 5 pages 184-193 omit
Appendices
Cost Behaviour: Analysis and
Use
Chapter 6 including Appendix
Cost-Volume Profit
Relationships
Chapter 7 (omit pages 291292)
E5-2
E5-4
E5-7
P5-17
Q: 5-1,5-2,5-5,5-6,5-10,5-11
E:5-1, 5-3, 5-8, 5-9, 5-10, 5-14
E6-5
E6-7
P6-11
P6A-1
E7-4
E7-6
E7-7
E7-8
P7-30
Q:6-2, 6-6, 6-8 ,6-11, 6-13, 6-14
E:6-3, 6-4, 6-10, 6A-1 P: 6-15,
6-16
E8-3
E8-4
E8-5
E8-9
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, 817
P:5-19, 5-20
Q:7-2,7-3,7-4,7-5,7-6,7-11
E: 7-1, 7-3, 7-10, 7-12, 7-16 P:
7-19, 7-22, 7-27
Group Assignment 1 - Case:
5-21 due at the beginning of
class
July 15
Variable Costing: A tool for
management
July 21
Connect Assignment # 2 due
at 11:59 pm (Chapters 5, 6, 7,
and 8)
July 22
Midterm Exam
Chapter 8
Chapters 1-3, 5-8
July 24
Budgeting I
Chapter 9 pages 349-355
Q: 9-2,9-3
P: 9-11
Q: 9-5,9-8,9-11
E:9-1, 9-2, 9-3, 9-5, 9-6
P:9-18
C: 9-27
Budgeting II
Chapter 9 pages 355-369
P9-11
P9-12
Friday,
July 25
Budgeting III
Chapter 9 pages 369-375 omit
appendix
E9-8
E9-9
Q: 9-16
E: 9-10
P: 9-25
July 29
Standard Costs and Overhead
Analysis
Chapter 10 pages 403-421,
omit Appendices
E10-9
E10-4
E10-11
P10-20 (omit 3b)
C10-36
Q:10-1, 10-2, 10-7, 10-12, 10-17
E:10-2, 10-3, 10-5, 10-7, 10-8
P:10-18, 10-22, 10-24, 10-30,
10-31 (omit part 4)
Reporting for Control:
Segmented Reporting
Chapter 11 pages 473 - 485
Reporting for Control: Transfer
Pricing
Chapter 11 pages 485 - 492
E11-2
E11-3
P:11-20
E11-7
P11-24
Q: 11-1, 11-2, 11-4, 11-5
E:11-1, 11-4
P:11-19, 11-21
Q: 11-9, 11-10
E:11-6
P:11-23
Group Assignment 2 - P9-24
due at the beginning of class
July 31
Connect Assignment # 3 due
at 11:59 pm (Chapters 9, and
10)
Aug 5
Aug 7
Reporting for Control:
Measuring Managerial
Performance
Chapter 11 pages 492 – 507
E11-11
Reporting for Control: Cost of
Quality
Chapter 11 pages 507 - 514
P11-36
Relevant Costs for Decision
Making
Chapter 12 including Appendix
E12-7
P12-21
E12-2
Relevant Costs for Decision
Making
Chapter 12 including Appendix
E12-3
P12-23
Relevant Costs for Decision
Making
Chapter 12 including Appendix
P12-18
E12-5
Connect Assignment # 4 due
at 11:59 pm (Chapters 11,
and12)
Q: 11-14,11-16, 11-17, 11-20
E: 11-8, 11-9, 11-12, 11-15
P:11-26, 11-29
C:11-40
Q: 11-21, 11-22
E:11-16
P:11-37
Q:12-1, 12-2, 12-5, 12-6
E: 12-14
P12-19
Q:12-10, 12-14,
E: 12-4, E12-10
P: 12-20, 12-24
Q: 12-14, 12-17
E: 12-6, 12-11, 12-12
P:12-22, 12-25, 12-26
E:12A-1,12A-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
Faculty of Management
Medical Absenteeism Form
Student Identification: (please print clearly)
______________________________
Last Name
___________________ ___________
First Name
Middle Initial
_______________________________
U of M Student Identification Number
I hereby authorize ________________________________ to verify with the attending physician or his/her
(Name of Instructor/Administrator)
staff or colleagues that the contents of this form are true.
________________________________________
_______________________________________
Student’s Signature
Date
To be completed by the attending physician: (after the above section is completed)
________________________________________
______________________________ ________________
Physician’s Last Name (please print clearly)
Physician’s First Name
Middle Initial
___________________________________________
Street Address
________________________________ __________________
City, Province
Postal Code
___________________________________________
Telephone Number
_________________________________
Fax Number
To the attention of the physician: Your evaluation of the student’s condition is being used for the purpose of determining whether or not
the student has a valid reason to miss an important exam or assignment. Your professional evaluation is necessary to ensure that only valid
cases are excused.
I certify that the nature of the student’s condition is severe enough to prevent the student from
taking an exam or completing an assignment. If requested, my associates or I will verify for the
above-named instructor/administrator that this information is accurate.
The student’s condition will likely span the following dates:
____________________________
(indicate start date)
until ____________________________
(indicate end date)
___________________________________
_________________________________
Physician’s Signature
Date
Notes to physician:


Please make a note in the student/patient’s file indicating that the student has given the above-named instructor/administrator
permission to verify with you, your staff, or your colleagues, that the information contained on this form is correct. Thank you for
your professional evaluation of this student’s condition.
PLEASE ATTACH THIS FORM TO YOUR REGULAR OFFICE STATIONERY THAT INDICATES THE STUDENT
VISITED YOUR OFFICE.
Note to student:
The use of this form is at the option of the student. However, in order to obtain an excused absence for an assignment or exam,
the student must obtain a doctor’s certification that the student’s condition is severe enough to prevent the student from taking
the exam or completing the assignment. It is NOT SUFFICIENT to provide a note that only indicates the student visited the
doctor’s office.