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    ACCT*3230 Section 01 and 02 Intermediate Management Accounting

    Winter 2017 0.5 credit

    General Course Information


    Philippe Lassou

    Email: Office Location: MacDonald Hall, Room 204 Office Hours: Monday and Wednesday 4:00-5:30 PM Department/School Department of Management


    Class Schedule: Section 1: Monday/Wednesday 11:30 am 12:50pm Section 2: Monday/Wednesday 2:30 pm 3:50 pm Pre-requisites: 1 of ACCT*2230, AGEC*2230, BUS*2230

    Co-requisites: N/A

    Course Description

    This course continues the managerial decision making focus of ACCT*2230. Topics include transfer pricing, the decision making process, variances, and performance measurement.

    Course Learning Outcomes

    Upon successfully completing this course, you will be able to: 1. Evaluate cost classifications and costing methods for management of ongoing operations. 2. Evaluate and apply cost management techniques, such as cost-volume-profit, appropriate

    for specific costing decisions. 3. Prepare and evaluate operational plans and budgets, as well as compute and analyze

    implications of variances. 4. Incorporate managerial accounting tools in their decision-making processes for short-term

    decisions and process improvements. These learning outcomes will be achieved by having students adopt the role of a business manager confronted with a real-life situation and apply management accounting tools to accounting data with the goal of addressing issues and making appropriate decisions in both manufacturing and service industries.

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    Indicative Content

    Date Chapters/Topics In Class Problems Extra Problems Jan 9 & 11 Ch. 3 Cost-Volume-Profit Analysis 3-11, 16, 23, 24, 42, 44

    3-12, 13, 15, 21, 25, 28, 30, 31

    Jan 16 & 18 Ch. 4 Job Costing 4-20, 24, 28, 29, 34, 38, 39

    4-18, 21, 23, 30, 35,37, 43

    Jan 23 & 25 Ch. 5 Activity-Based Costing & Activity-Based Management

    5-17, 21, 26, 29, 30, 36

    5-19, 24, 27, 28, 35, 38

    Jan 27 In-Class Quiz #1 (4%)

    Jan 31 & Feb 1

    Ch. 6 Master Budget and Responsibility Accounting

    6-25, 26, 27, 28, 34, 40

    6-18, 19, 22, 24, 33, 38, 42

    Feb 3 MIDTERM #1 (in class) 25%

    Feb 6 & 8 Ch. 7 Flexible Budgets, Variances, and Management Control I

    7-17, 20, 23, 24, 29, 34

    7-16, 18, 19, 21, 25, 28, 33, 38

    Feb 13 & 15 Ch. 8 Flexible Budgets, Variances, and Management Control II

    8-18, 23, 24, 28, 35, 37

    8-16, 17, 21, 25, 29, 32, 36, 38, 40

    Reading Week (Feb 20 24)

    Feb 27 & Mar 1

    Ch. 17 Process Costing 17-19, 21, 23 17-20,22

    Mar 3 In-Class Quiz #2 (4%)

    Mar 6 & 8 Ch. 21 Transfer Pricing 21-18, 21, 35 21-30

    Mar 15 MIDTERM #2 (in class) 25%

    Mar 20 & 22 Ch. 11 Decision Making and Relevant Information

    11-15, 20, 23, 24, 26, 33, 34

    11-16, 17, 19, 21, 29, 30, 31

    Mar 27 & 29 Ch. 12 Pricing Decisions, Product Profitability, and Cost Management

    12-16, 17, 19, 20, 25, 31, 33

    12-15, 18, 28, 30, 32

    Throughout Class participation: 2%

    April 7 Revision

    TBA Final Exam

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    Course Assessment

    Assessment Weight Description Associated Learning Outcomes Due Date/ location

    Assessment 1: 10% Quizzes & class participation

    1 - 4 Refer to weekly schedule / in class

    Assessment 2: 25% Midterm Exam #1 1, 2, & 4 Refer to weekly schedule / in class

    Assessment 3: 25% Midterm Exam #2 1 - 4 Refer to weekly schedule / in class

    Assessment 4: 40% Final Exam 1 - 4 TBA

    Total 100%

    Teaching and Learning Practices

    Class time will be spent predominately on in-class problems. It is assumed that each student will come to class prepared, having read all the assigned material before class and having attempted all of the assigned problems each week. Should you need to miss a class e.g., for religious purposes, please advise the instructor in advance.

    In addition to the in-class problems, a list of extra problems is provided and the solutions to these problems will be posted on Courselink. These problems will be similar to the ones taken up in class and make excellent review problems. They are there to provide extra practice. As a students father once said, You dont read accounting, you do accounting. In other words, for most people it comes down to practice, practice, and practice.

    This course is a continuation of ACCT*2230. The issues addressed and analytical tools taught are practical in application. Each student is encouraged to adopt the role of a business manager confronted with a real-life situation. The student will learn how to apply management accounting tools to the accounting data. While the text literature and many of the problems focus on a manufacturing setting, the concepts are applicable to all enterprises. An attempt has been made to introduce as many service industry examples as possible.

    The emphasis in this course is on learner-centredness, in accordance with the Universitys Mission Statement, and as such, there is a significant element of self-teaching involved. The time commitment will be commensurate to other types of courses but the benefit to students working on the problem components outweighs the time commitment.

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    Course Requirements

    We will be using the Top Hat ( classroom response system in class. You will be able to submit answers to in-class questions using Apple or Android smartphones and tablets, laptops, or through text message.

    You can visit the Top Hat Overview ( within the Top Hat Success Center which outlines how you will register for a Top Hat account, as well as providing a brief overview to get you up and running on the system.

    An email invitation will be sent to you by email, but if dont receive this email, you can register by simply visiting our course website: Intermediate Management Accounting- Session 1 - Note: our Course Join Code is 595071

    Top Hat will require a paid subscription, and a full breakdown of all subscription options available can be found here:

    Should you require assistance with Top Hat at any time, due to the fact that they require specific user information to troubleshoot these issues, please contact their Support Team directly by way of email (, the in app support button, or by calling 1-888-663-5491.

    Course Resources

    Required Textbook: COST ACCOUNTING, Seventh Canadian Edition by Horngren/ Datar/ Rajan/ Beaubien/ Graham, Pearson, Canada

    Course Policies

    Grading Policies There are no deferred quizzes or midterms.

    If a student misses a quiz, the weight of the quiz will automatically be added to the final exam (no confirmation such as a Doctors note is required for a missed quiz).

    If a student misses a midterm AND provides the instructor with confirmation of why they could not write the midterm, the weight of the midterm will be added to the final exam. Students must provide their instructor with confirmation within one week of the midterm. Students wanting to resubmit their quiz or midterm for a grade re-assessment must do so within one week of the date the quiz or midterm was returned to students in class. Finally, students must write the quizzes and midterms in the section they are registered.

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    Course Policy regarding use of electronic devices and recording of lectures Electronic recording of classes is expressly forbidden without consent of the instructor. When recordings are permitted they are solely for the use of the authorized student and may not be reproduced, or transmitted to others, without the express written consent of the instructor.

    University Policies

    Academic Consideration When you find yourself unable to meet an in-course requirement because of illness or compassionate reasons, please advise the course instructor in writing, with your name, id#, and e-mail contact. See the academic calendar for information on regulations and procedures for Academic Consideration (

    Academic Misconduct The University of Guelph is committed to upholding the highest standards of academic integrity and it is the responsibility of all members of the University community, faculty, staff, and students to be aware of what constitutes academic misconduct and to do as much as possible to prevent academic offences from occurring.

    University of Guelph students have the responsibility of abiding by the University's policy on academic misconduct regardless of their location of study; faculty, staff and students have the responsibility of supporting an environment that discourages misconduct. Students need to remain aware that instructors have access to and the right to use electronic and other means of detection. Please note: Whether or not a student intended to commit academic misconduct is not relevant for a finding of guilt. Hurried or careless submission of assignments does not excuse students from responsibility for verifying the academic integrity of their work before submitting it. Students who are in any doubt as to whether an action on their part could be construed as an academic offence should consult with a faculty member or faculty advisor.

    The Academic Misconduct Policy is detailed in the Undergraduate Calendar (

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