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
357 Drake Centre
E-mail: [email protected]
204-474-9230
Office Hours: T/R 12:00-1:00
or by appointment
ACC 1110 - Introductory Managerial Accounting
Fall 2013
A01 Tuesday and Thursday 8:30am – 9:45am
A02 Tuesday and Thursday 10:00am – 11:15am
A03 Tuesday and Thursday 1:00pm – 2:15pm
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 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
Thurs Oct 17, 2013 7pm-9pm
Connect assignments
Case 5-21 and Budget assignment P9-24
Final Examination
Cumulative exam TBA
35%
5%
10%
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.
Case 5-21 and Budget Assignment (P9-24)
These assignments are to be handed in at the beginning of class when it is due. These
assignments may be done individually or in groups of up to 4 people. Since the assignments will
be taken up in 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 three in total. There are Connect questions for each
of the chapters that we are covering. 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 must not have in their possession at the time of writing any examination in this course:
textbooks, dictionaries, translators, cell phones, PDAs, additional notes, formula sheets, or other
extraneous material designed to supplement their own knowledge of course material. Each
student will be allowed to bring calculators (without text storage capability), pens, pencils and
erasers. You must bring your student ID card to the exam. Pencil cases, back packs, purses and
bags are not permitted in the exam room. Students in violation of these requirements wll be
charged with academic dishonesty.
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 5 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
Date
1
Sept 5
Chapter Topic
Managerial Accounting and the
Intro, 1
Assigned Readings
Problems to do on your own
Chapter 1
Q:1-1, 1-4, 1-7, 1-9, 1-12
P:1-4, P1-5, P1-7
Business Environment
2
Sept 10
2
Cost Terms, Concepts, and
Classifications
Chapter 2 pages 29-43
Q:2-1,2-2,2-3,2-5, 2-6, 2-7
E:2-1,2-2,2-9
3
Sept 12
2
Cost Terms, Concepts, and
Classifications
Chapter 2 pages 43-46
Q:2-9,2-10, 2-11, 2-12
E:2-5, 2-10
P:2-13
4
Sept 17
2
Cost Terms, Concepts, and
Classifications
Chapter 2 pages 46-49
Q:2-13, 2-14, 2-15, 2-16
P: 2-15, 2-20
5
Sept 19
3 and
App
System Design:Job order Costing
excluding the journal entry
preparation
Chapter 3 and
Appendix 3A
Q: 3-1,3-4,3-6,3-7, 3-8,3-11
E:3-3,3-5,3-6,3-8
P:3A-2
6
Sept 24
3 and
App
System Design:Job order Costing
excluding the journal entry
preparation
Chapter 3 and
Appendix 3A
Q: 3-14,3-15, 3-16
E: 3-11,3-14
P:3-17
7
Sept 26
3 and
App
Chapter 3 and
Appendix 3A
P:3-19,3-20,3-22,3-24
8
Oct 1
5 (no
App)
System Design:Job order Costing
excluding the journal entry
preparation
Connect Assignment # 1 due at
11:59 pm (Chapters 1,2,3)
Activity Based Costing I
Chapter 5 omit
Appendices
Q: 5-1,5-2,5-5,5-6,5-10,5-11
E:5-1,5-2,5-3,5-4,5-7,5-9
9
Oct 3
5 (no
App)
Activity Based Costing II
Chapter 5 omit
Appendices
P:5-7
C:5-21 due on Oct 8
10
Oct 8
6 and
App
Cost Behaviour: Analysis and Use
Submit Case:5-21 at beginning of
class
Chapter 6 including
Appendix
Q:6-2,6-8,6-11,6-13,6-14
E:6-3,6-5,6-7,6-10,6A-1
P:6-11
11
Oct 10
7
Cost-Volume Profit Relationships
Chapter 7 (omit pages
291-292)
Q:7-2,7-3,7-4,7-5,7-6,7-11
E:7-3,7-4,7-6,7-7,7-8,7-12,7-16
P:7-19,7-22,7-27,7-30
12
Oct 15
8
Variable Costing: A tool for
management
Connect Assignment # 2 due at
11:59 pm (Chapter 5,6,7,8)
Chapter 8
Q:8-1,8-2,8-3,8-6,8-7,8-9
E:8-1,8-3,8-4,8-5,8-9
P:8-14,8-16,8-17
C:8-19
N/
A
Oct 17
Inclusive of work
covered on day 1 to 12
13
Oct 24
9
Midterm Exam – 7pm-9pm
A01 room 107,
A02 room 115,
A03 room 103
(no regular classes due to exam)
Budgeting I
Chapter 9
Q:9-2,9-3.9-5,9-8,9-11,9-16
E:9-1,9-2,9-3,9-5,9-6,9-8,9-9,9-10
14
Oct 29
9
Budgeting II
Chapter 9
P: 9-18,9-25,9-27
15
Oct 31
10 (no
App)
Standard Costs and Overhead
Analysis
Chapter 10 omit
Appendices
Q:10-1,10-2,10-7,10-12,10-17
E:10-2,10-3,10-4,10-5,10-7,10-9
P:10-20
16
Nov 5
10 (no
App)
Standard Costs and Overhead
Analysis
Budgeting Assignment (P9-24)
due at beginning of class
P:10-18,10-24,10-31
C:10-36
Reporting for Control: Segmented
Reporting
Chapter 10 omit
Appendices; pp 421433 for reference only,
not to be tested on
exams
Chapter 11 pages 473 485
17
Nov 7
11
18
Nov 12
11
Reporting for Control: Transfer
Pricing
Chapter 11 pages 485 492
Q: 11-1,11-9,11-10
E:11-6, 11-7
P:11-23,11-24
19
Nov 14
11
Reporting for Control: Measuring
Managerial Performance
Chapter 11 pages 492 –
507
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
20
Nov 19
11
Reporting for Control: Cost of
Quality
Chapter 11 pages 507 514
Q: 11-21, 11-22
E:11-16
P:11-37
21
Nov 21
12
Relevant Costs for Decision
Making I
Chapter 12 including
Appendix
Q:12-1,12-2,12-5,12-6,12-10,1214,12-17 E:12-2,12-3,12-4,125,12-6,12-7,12-10
22
Nov 26
12
Relevant Costs for Decision
Making II
Chapter 12 including
Appendix
Q:12-14,12-7
E:12-6,12-11,12
P:12-18,12-19,12-20,12-24,12-25
23
Nov 28
12
Chapter 12 including
Appendix
P:12-21,12-22,12-26
E:12A-1,12A-4
24
Dec 3
Relevant Costs for Decision
Making III
Connect Assignment # 3 due at
11:59 pm (Chapters 9,10,11,12)
Unallocated
TBA
Final Comprehensive Examination
– location TBA
Q: 11-2,11-4,11-5
E:11-2,11-3,11-6,11-8,11-15
P:11-20,11-21
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
I. H. Asper School of Business
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:
__________________________________
Physician’s Signature
____________________________
(indicate start date)
until ____________________________
(indicate end date)
____________________________
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.