UNIVERSITY OF MANITOBA Alex McMullen I. H. Asper School of Business

UNIVERSITY OF MANITOBA
I. H. Asper School of Business
Department of Accounting and Finance
Alex McMullen
Drake Centre 357
E-mail: [email protected]
Office Hours: Thursdays 6-7 pm
or by appointment, please email to setup
Final exam office hours TBA
ACC 1110
Introductory Managerial Accounting
Summer 2015 – Tues & Thurs 7-9:30 pm
Section A02 (Room 105)
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
Various materials for the course are available on Desire 2 Learn. To access the course website, going to
www.umanitoba.ca/d2l will take you to the desire to learn home page. Log into Desire2learn using your
UMnetID account. Once you are at your Desire2learn page, click on the ACC 1110 course title.
If you do not yet have a 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 claimid
procedure.
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, course announcements will be sent to that email address.
Mark Allocation
Midterm
Connect assignments (5)
ABC assignment
Budget assignment
Final Examination
Tuesday July 21, 7-9 pm
Cumulative, Sat Aug 8, 2015 9am-noon
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.
ABC and Budget Assignment
These assignments are to be handed in by 4 pm in room 496 Drake. The due dates are listed in
the chart at the end of the syllabus. Late assignments will not be accepted. These assignments
may be done individually or in groups of up to 4 people. Since the assignments will be taken up
in the following class, I suggest you make a copy of your answer to check against the class
answer. For both assignments, 50% of the grade will be based on completion of all parts, and
50% based on having certain check figures correct.
Connect Assignments
Connect assignments are mandatory-there are five in all. The due dates are listed in the chart at
the end of the syllabus. 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.
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.
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. 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.
ACC 1110 TENTATIVE TIMETABLE
Topic
In class problems
Problems to do on your own
June 23
Chapter
Intro, 1
Managerial Accounting and the Business Environment
P1-4, P1-7
Q:1-1, 1-4, 1-7, 1-9, 1-12
June 25
2
Cost Terms, Concepts, and Classifications
E: 2-1, 2-2, 2-5,2-10
P: 2-15, 2-20
Q:2-1,2-2,2-3,2-5, 2-6, 2-7, 2-9,2-10, 2-11,
2-12, 2-13, 2-14, 2-15, 2-16
E2-9
P2-13
June 30
3 and
appendix
System Design: Job order Costing
Connect Assignment # 1 due July 3 at 11:59 pm
E: 3-3,3-6, 3-11
P: 3-17,3-22
Q: 3-1,3-4,3-6,3-7, 3-8,3-11,3-14,3-15, 3-16
E: 3-14
P:3-19,3-20,3-24
July 7
5 (no
appendix)
Activity Based Costing
E:5-2,5-4,5-7
P:5-17
Q: 5-1,5-2,5-5,5-6,5-10,5-11
E:5-1,5-3
ABC assignment (to submit on July 17 by
7pm)
July 9
6 and
appendix
Cost Behaviour: Analysis and Use
Submit ABC assignment by 7pm on July 14
E:6-5,6-7, 6A-1
P6-11
ABC assignment
Q:6-2,6-8,6-11,6-13,6-14
E:6-3, 6-10,6A-2 part 1
P:6-12
July 14
7
Cost-Volume Profit Relationships
E:7-4,7-6,7-7,7-8
P:7-30
Q:7-2,7-3,7-4,7-5,7-6,7-11
E:7-3,7-12,7-16
P:7-19,7-22,7-27
July 16
8
Variable Costing: A tool for management
Connect Assignment # 2 due July 17 at 11:59 pm
E:8-3,8-4,8-5,8-9
C:8-19
Q:8-1,8-2,8-3,8-6,8-7,8-9
E:8-1
P:8-14,8-16,8-17
MIDTERM EXAM 7-9 pm
Rooms 105 Drake
Budgeting
Connect Assignment # 3 due July 24 at 11:59 pm
E:9-8,9-9
P:9-11,9-12
Q:9-2,9-3.9-5,9-8,9-11,9-16
E:9-1,9-2,9-3,9-5,9-6,9-10
P:9-18, Budget assignment (to submit on
July 30 by 7pm)
E:10-4,10-5,10-9
P:10-20
C:10-36
Budget assignment
Q:10-1,10-2,10-7,10-10,10-12,10-15,10-17
E:10-2,10-3,10-7
P:10-18,10-24,10-31
Date
July 21
July 23
9
July 28
10
Standard Costs and Overhead Analysis
ACC 1100 (January – April 2014) Course Outline / Page 5
July 30
11
Standard Costs: Reporting for Control
Budgeting Assignment due at 7pm on July 30
Connect Assignment # 4 due July 31 at 11:59 pm
E:11-2,11-3,11-7,
11-11
P:11-20,11-24
Q:11-1,11-4,11-5,11-9,11-14,11-16, 11-17,
11-20
E:11-6,11-8,11-15,11-16
P:11-37
Aug 4
12
Relevant Costs for Decision Making
E:12-2,12-3,12-5,
12-7
P12-18,12-21
Q:12-1,12-2,12-5,12-6,12-10,12-14,12-17
E:12-4,12-6,12-10,12-11,12A-1
Aug 6
Connect Assignment # 5 due Aug 7 at 11:59 pm
Exam Review
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:

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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.