UNIVERSITY OF MANITOBA I. H. Asper School of Business Department of Accounting and Finance Alex McMullen 357 Drake Centre E-mail: alexandra.mcmullen@umanitoba.ca 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 35% Connect assignments 5% Case 5-21 and Budget assignment P9-24 10% Final Examination Cumulative exam TBA 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 Chapter Topic Assigned Readings Problems to do on your own 1 Sept 5 Intro, 1 Managerial Accounting and the Business Environment 2 Sept 10 2 Cost Terms, Concepts, and Classifications 3 Sept 12 2 Cost Terms, Concepts, and Classifications 4 Sept 17 2 Cost Terms, Concepts, and Classifications 5 Sept 19 3 and System Design:Job order Costing excluding the journal entry preparation Chapter 1 Q:1-1, 1-4, 1-7, 1-9, 1-12 P:1-4, P1-5, P1-7 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 Chapter 2 pages 43-46 Q:2-9,2-10, 2-11, 2-12 E:2-5, 2-10 P:2-13 Chapter 2 pages 46-49 Q:2-13, 2-14, 2-15, 2-16 P: 2-15, 2-20 Chapter 3 and 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 System Design:Job order Costing excluding the journal entry preparation Chapter 3 and 3A Q: 3-14,3-15, 3-16 E: 3-11,3-14 P:3-17 7 Sept 26 3 and 8 Oct 1 5 (no ) 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 3 and 3A Chapter 5 omit endices P:3-19,3-20,3-22,3-24 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 ) Activity Based Costing II Chapter 5 omit endices P:5-7 C:5-21 due on Oct 8 10 Oct 8 6 and Cost Behaviour: Analysis and Use Submit Case:5-21 at beginning of class Chapter 6 including 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) 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: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 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 Midterm Exam 7pm-9pm A01 room 107, A02 room 115, A03 room 103 (no regular classes due to exam) Inclusive of work covered on day 1 to 12 13 Oct 24 9 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 ) Standard Costs and Overhead Analysis Chapter 10 omit endices 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 ) Standard Costs and Overhead Analysis Budgeting Assignment (P9-24) due at beginning of class 17 Nov 7 11 Reporting for Control: Segmented Reporting 18 Nov 12 11 Reporting for Control: Transfer Pricing 19 Nov 14 11 Reporting for Control: Measuring Managerial Performance 20 Nov 19 11 Reporting for Control: Cost of Quality 21 Nov 21 12 Relevant Costs for Decision Making I 22 Nov 26 12 Relevant Costs for Decision Making II 23 Nov 28 12 Relevant Costs for Decision Making III Connect Assignment # 3 due at 11:59 pm (Chapters 9,10,11,12) 24 Dec 3 Unallocated TBA Final Comprehensive Examination location TBA Chapter 10 omit endices; pp 421-433 for reference only, not to be tested on exams Chapter 11 pages 473-485 Chapter 11 pages 485-492 Chapter 11 pages 492 507 Chapter 11 pages 507-514 Chapter 12 including Chapter 12 including Chapter 12 including P:10-18,10-24,10-31 C:10-36 Q: 11-2,11-4,11-5 E:11-2,11-3,11-6,11-8,11-15 P:11-20,11-21 Q: 11-1,11-9,11-10 E:11-6, 11-7 P:11-23,11-24 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:12-1,12-2,12-5,12-6,12-10,12-14,12-17 E:12-2,12-3,12-4,12-5,12-6,12-7,12-10 Q:12-14,12-7 E:12-6,12-11,12 P:12-18,12-19,12-20,12-24,12-25 P:12-21,12-22,12-26 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.
Student Identification: (please print clearly) UNIVERSITY OF MANITOBA I. H. Asper School of Business Medical Absenteeism Form 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.