University of Alberta - School of Business Department of Accounting and OIS

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1 University of Alberta - School of Business Department of Accounting and OIS ACCTG 424 (Section A3) & ACCTG 624 (Section A1) Intermediate Managerial Accounting Syllabus - Fall 2016 Instructor: Prof. Christina Mashruwala Lecture: MW 3:30-4:50 PM (BUS 2-9) Office: BUS 3-21F cmashruw@ualberta.ca Office Hours: Mondays 1:00 2:30 PM and by appointment COURSE DESCRIPTION AND OBJECTIVES Accounting 424/624 builds on the foundation laid in Accounting 322/523 to study the preparation and use of cost accounting information for managerial decision-making and control purposes. Together, these two courses provide students with the tools needed to understand and address the important problems facing management accountants today. We will promote the use of quantitative techniques and stress the importance of considering qualitative factors. Most managerial decisions are made with less than perfect information. Accordingly, we will also discuss analysis of information under uncertainty, an essential characteristic facing modern business practitioners. Learning Outcomes: At the end of this course, you will have developed the following course specific skills and knowledge: (a) knowledge of cost accounting to enable you to prepare, use, and evaluate management accounting data for decision making, and performance evaluation and control; (b) problem-solving skills, including the application of quantitative techniques in both the short-run and long-run decision making framework; (c) and the ability to apply these skills in various settings. This course focuses on the following learning goals: quantitative skills and critical thinking. The assigned problems and exams are designed to (i) enhance and assess a student s quantitative skills, knowledge of cost accounting, and its use in decision making; (ii) improve critical thinking skills: the ability to analyze the results from the quantitative analysis for decision making purposes. COURSE MATERIALS Required Textbook: Cost Accounting: A Managerial Emphasis, Seventh Canadian Edition, by Horngren, Datar, Rajan, Beaubien, Graham. Pearson Education Canada Inc., Please check ULearn frequently for all other course materials, including lecture slides, solutions to the recommended problems from each chapter, exam solutions, etc. 1

2 COURSE ACTIVITIES The classes will be a combination of lectures and working/discussing problems. Most of the concepts and techniques taught in this course are best-illustrated and learned through problem solving. Therefore, we will analyze many problems in class. In addition to attending class, it is expected that you will read the relevant chapter of the textbook before coming to class. Upon completion of each chapter, you should work on the recommended questions from the textbook. You can check your answers against the solutions available on ULearn. COURSE EVALUATION Your grade in this course will be based on the marks you obtain on two midterm exams and a comprehensive final exam. The marks will be weighted as follows to determine your percentage mark in the course: Midterm 1 (Wednesday, October 5) 25 % Midterm 2 (Wednesday, November 2) 25 % Final Exam (Saturday, December 10 at 9 AM, location TBA) 50 % Total 100 % Letter grades will be assigned to the percentage marks in accordance with University Regulations [ 23.4(5) of the University Calendar]. Grades in this course will be based on a combination of absolute achievement and relative performance. Exams All exams are closed book. You may use a non-programmable calculator. You will have 80 minutes to write each midterm exam and 2 hours to write the final exam. For the exams, you are responsible for all assigned materials (including textbook readings, problems, and all material covered in class) unless I explicitly exclude them. In particular, I strongly suggest that you attempt all assigned questions at the end of each chapter. Please bring your student ID card or other photo identification on the day you write an exam. Exam Remarking Policy After marked midterm exam papers have been returned, the answer key will be posted on ULearn. You should review the marking carefully and bring to my attention any questions about your marks as soon as possible, but no later than one week after the exams have been returned. Any exam brought to my attention for remarking should be accompanied by a short written explanation of the questions you want me to review. No exam papers will be accepted for remarking more than one week after the exams and answer key have been made available. 2

3 Absences from Exams In the event that a midterm exam is missed for an acceptable reason, no make-up exam will be given. Instead, the credit assigned to the missed exam will be reallocated to the final exam. Once you have written an exam, marks will not be reallocated due to explanations given after the fact. Therefore, if you are too ill to write an exam, please do not attempt to write it. If a student is absent from the final exam, he/she must obtain permission from the Faculty s Undergraduate Office or MBA Office to write a deferred final exam. CLASSROOM ETIQUETTE Showing courtesy to the instructor and other students is an important part of every class. It is expected that students: a) will arrive in class before it begins and will stay until it is over; b) will not engage in sidebar conversations with other students; c) will not read non-course materials; d) will not use personal communication or entertainment devices, such as laptop computers, music players, cell phones, blackberries, etc. in class. Please inform the instructor in advance if you need to arrive late or leave early on a specific day. Audio or video recording of lectures by students is allowed only with the prior written consent of the instructor or as a part of an approved accommodation plan. Recorded material is to be used solely for personal study and is not to be used or distributed for any other purpose. Class Attendance It is your responsibility to attend class. If you miss class for any reason, you are still responsible for all materials covered, announcements made, and handouts provided. I will not handouts distributed in class or solutions to the in-class problems. ACADEMIC INTEGRITY Absolute and complete academic honesty is expected of you in this course. It is important for you as a student to behave in an ethical manner. The University of Alberta is committed to the highest standards of academic integrity and honesty. Students are expected to be familiar with these standards regarding academic honesty and to uphold the policies of the University in this respect. Students are particularly urged to familiarize themselves with the provisions of the Code of Student Behaviour (online at and avoid any behaviour which could potentially result in suspicions of cheating, plagiarism, misrepresentation of facts and/or participation in an offence. Academic dishonesty is a serious offence and can result in suspension or expulsion from the University. 3

4 TENTATIVE COURSE SCHEDULE * Class Date Topics Chapter Recommended Problems 1 W Sept 7 Introduction to the course CH 2 18, 21, 26, 33, 35, 37, 38 Review of cost terminologies 2 M Sept 12 Job Costing System I CH 4 23, 31, 32, 34, 35, 40 3 W Sept 14 Job Costing System II (Activity Based Costing) CH 5 25, 26, 37, 38, 40 4 M Sept 19 Job Costing System II (Activity Based Costing) CH 5 5 W Sept 21 Process Costing CH 17 19, 20, 21, 22, 36, 37, 38, 39, 40 6 M Sept 26 Process Costing CH 17 7 W Sept 28 Spoilage, Rework, and Scrap CH 18 17, 18, 19, 20, 21, 30, 31, 32, 33, 34, 40, 41, 42 8 M Oct 3 Spoilage, Rework, and Scrap CH 18 9 W Oct 5 Midterm 1 (CH 2, 4, 5, 17, 18) M Oct 10 No Class Thanksgiving 10 W Oct 12 Cost Allocation I CH 14 17, 18, 19, 20, 21, 24, 25, M Oct 17 Cost Allocation I CH W Oct 19 Cost Allocation II (Joint Products & Byproducts) CH 15 22, 27, 29, 31, 36, M Oct 24 Cost Allocation II (Joint Products & Byproducts) CH W Oct 26 Variance Analysis I CH 7 19, 25, 26, 27, 28, 29, 31, 36, 37, M Oct 31 Variance Analysis I CH 7 16 W Nov 2 Midterm 2 (CH 14, 15, 7) M Nov 7 No Class Reading Week W Nov 9 No Class Reading Week 17 M Nov 14 Variance Analysis II CH 8 20, 23, 24, 29, 30, 35, 40, W Nov 16 Variance Analysis II CH 8 19 M Nov 21 Relevant Cost Analysis CH 11 19, 21, 24, 26, 29, 30, 32, 34, W Nov 23 Relevant Cost Analysis CH 11 4

5 21 M Nov 28 Capital Budgeting I CH 20 17, 27, 37, W Nov 30 Capital Budgeting I CH M Dec 5 Capital Budgeting II 6th ed. CH 22** 17, 20, 22, 24, 27, 28, 31, 33, W Dec 7 Capital Budgeting II 6th ed. CH 22** Sat Dec 10 Final exam (all chapters) 9 AM (Location TBA) * Tentative schedule and subject to change. ** Chapter 22 from the PREVIOUS edition of the textbook (6 th edition) will be posted on ULearn. 5