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Course Title: ACCT610 – Managerial Accounting Instructor: Ehab Mouawad Course Schedule: Mondays, 18:00 – 20:30 Location: UH 217 Text: Financial and Managerial Accounting, 17th edition by Williams, Haka, Bettner, Carcello Materials Required: Laptop and a Calculator Website: http://connect.mheducation.com/class/e-mouawad-graduate Email: ehab.mouawad@meu.edu.lb

Course Description: The course introduces the student to the managerial uses of accounting information for decision making and for planning and control. Topics include cost concepts and behavior, cost methods and systems, product costing, activity-based management, cost-volume-profit analysis, pricing decision, capital budgeting, divisional performance evaluation, and variance analysis, selected spreadsheet applications are included. Learning Outcomes:

1. To analyze and interpret managerial accounting reports that provides both objective measures of past operations and subjective estimates about future decisions.

2. To analyze and interpret cost behavior.

3. To understand various cost systems: e.g. Job Order Costing, Process Costing.

4. Evaluate the organizational role of management accountants and describe accounting systems used by manufacturing businesses.

5. Apply and interpret basic financial statement analysis.

6. Summarize and interpret cash flow activities.

7. Describe and illustrate income analysis under various costing assumptions.

8. Describe the basic elements of the budgeting process, its objectives, and its impact on human behavior.

9. To analyze the types of standards, how they are used in budgeting and how they are established for businesses.

10. Prepare a differential analysis report for decision making.

11. To be able to apply and analyze product costing allocation methods.

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Course Approach The course material will be delivered based on the following techniques:

1. Formal and informal lectures to increase the student participation and effective exposition of discussed issues.

2. Teamwork is also encouraged to continuously apply brainstorming group problem solving techniques.

3. Debate sessions will also be conducted to stress the critical thinking approach into the exposition of ideas and achievement of higher interactivity between students.

4. Problem solving sessions through student’s cooperative learning. Course Policies:

1. Students who neglect their academic work and assignments may be excluded from the final examinations; any assignment turned in late will be penalized.

2. Students who are unavoidably absent because of illness or disability should report to their instructor upon return to class. Students who miss tests for no valid reason will receive an “F” for that particular test.

3. Make-up tests and exams will occur in very rare cases of extreme emergency. According to the Academic Catalogue, if approved, make-up periodic tests will be charged a fee of L.L. 50,000, and make-up exams (midterm or final) will be charged a fee of L.L. 75,000.

4. Attendance and punctuality are mandatory and vital for passing the course:

Attendance will be taken at 6:00 p.m. sharp. If your name is called and you’re not in the classroom you’re automatically late. If you’re not in the classroom 5 minutes later you’re recorded absent and may not be allowed in.

You are allowed 2 unexcused absences each costing you 5 points from your final average. You will be asked to drop the course if you are absent a 3rd time. 2 lates account for one absence.

5. Cheating and any acts of academic dishonesty will not be tolerated in any way and can result in failing the course

6. Ill behavior in the classroom will be dealt with accordingly depending on the severity of such behavior and its effect on the environment of the classroom and it functionality.

7. No photocopying of the textbook is allowed in this class. The e-textbook code must be purchased from MEU’s Business Office. As of Monday, September 19, students with no code will not be allowed into class.

8. The use of cell phones is strictly forbidden during lectures and tests. Violators will be asked to leave the classroom.

Student Evaluation: Attendance 10% Assignments & Quizzes 15% Project 5% Tests 40% Final Exam 35%

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Detailed Course and Assignment Schedule:

Session Topic

1 Chapter 16: Management Accounting

2 Chapter 17: Job Order Cost Systems and Overhead Allocations

3 Chapter 18: Process Costing

4 Chapter 18: Process Costing

5 TEST # 1: Ch. 16, 17, 18

6 Chapter 20: Cost-Volume-Profit Analysis

7 Chapter 21: Incremental Analysis

8 Chapter 21: Incremental Analysis

9 Chapter 22: Responsibility Accounting and Transfer Pricing

10 TEST # 2: Ch. 20, 21, 22

11 Chapter 23: Operational Budgeting

12 Chapter 23: Operational Budgeting

13 Chapter 24: Standard Cost Systems

14 Chapter 24: Standard Cost Systems

15 Chapter 25: Rewarding Business Performance

16 FINAL EXAM

This schedule is tentative and subject to change. Any variations will be announced in class.

Student Expectations: This course requires 45 contact hours and 90 hours of work outside of the classroom. The typical student will spend the outside-of-class hours as follows:

Activity Hours

Reading 20

Homework assignments 25

Group project(s) 10

Exam preparation 25

Reading report(s) 10

Total 90