Download - ACCT*3230 INTERMEDIATE MANAGEMENT … 3230 Intermediate Management Accounting Winter 2014 ~ 1 ~ ... Apr 1 Ch. 12 Pricing Decisions, ... Profitability, and Cost Management 12-16, 17,

ACCT 3230 Intermediate Management Accounting Winter 2014 ~ 1 ~

Department of Business

ACCT*3230 INTERMEDIATE MANAGEMENT ACCOUNTING

WINTER 2014

INSTRUCTORS: CLASS TIMES and LOCATIONS: Section 1 & 3: Section 1: Tues/Thurs Lynn Carty, CMA Rm 213A, J.D. MacLachlan 2:30 -3:50pm, MACK 120 Email: [email protected] Section 3: Tues/Thurs Office Hours: Will be posted on courselink 11:30am – 12:50pm, JTP 214 Section 2: Section 2: Tues/Thurs Matthew Gerard, CGA, Rm 205, J.D. MacLachlan 7:00 – 8:20 pm, JTP 214 Email: [email protected] Office Hours: Will be posted on courselink SECRETARY: Flora Laird, Room 230 J.D. MacLachlan Building, Ext 56799 Email: [email protected] COURSE WEB SITE: http://courselink.uoguelph.ca/ Required: *Text: COST ACCOUNTING, Sixth Canadian Edition by Horngren/Foster/Datar/Gowing My Accounting Lab, through Pearson Education, available on-line (refer to the section of the course outline on Quizzes for more details).

The College of Management and Economics gratefully acknowledges the contributions of CGA Ontario in creating the CGA Ontario Sessional Lecturer Fellowship which helps enrich the learning experience by exciting students about the possibilities a career in accounting offers.


COURSE OBJECTIVES AND THEME: This course is a continuation of BUS*2230, an Introduction to Management Accounting. 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 accounting data. Students will use the tools to address issues and make appropriate and applicable decisions. 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 University's 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. CLASS WORK: Class time will be spent predominately on end-of chapter 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. EXTRA PROBLEMS: In addition to the in-class problems, a list of extra problems will be 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 student’s father once said, “You don’t read accounting, you do accounting.” In other words, for most people it comes down to practice, practice, practice. PERFORMANCE EVALUATION Quizzes 10% Mid-term Exam #1 (Tuesday Feb. 4 in class) 25% Mid-term Exam #2 (Tuesday Mar. 18 in class) 25% Final Exam 40% Total 100%


QUIZZES: (10%) The purpose of the quizzes is to help students increase their understanding of the material in the course and to improve their success on the midterms and final exam. They will be a combination of both qualitative and quantitative material from the course. In-Class Quizzes (6%):

There will be 3 in-class quizzes (one before each midterm and one before the final exam). The quizzes are worth 2% each for a total of 6% of student’s final grade. The quizzes will be held at the beginning of class on Jan 23, March 6, and March 27. Students must write the quizzes in the section they are registered in. If a student misses Quiz 1, then the weight of the quiz will be added to Midterm 1. If a student misses Quiz 2, then the weight of the quiz will be added to Midterm 2. If a student misses Quiz 3 the weight of the quiz will be added to the Final Exam.

On-Line Quizzes (4%):

There will be four online quizzes available through MyAccounting Lab. A separate account must be purchased by students in order to use MyAccountingLab. Each quiz is worth 1% of the final grade and the 1% is assigned based on completing the quiz (not based on the number of questions answered correctly). The quizzes are open until the last day of classes and there is no time limit on the on-line quizzes. Questions on these quizzes will be similar to the problems done in class and/or assigned as extra problems. The Government of Ontario requires Universities to provide a no-extra-cost option for obtaining a course credit. Students who do not wish to pay for the MyAccountingLab subscription will have the weight reallocated equally over the In-Class quizzes. This option will cause quizzes 1, 2 & 3 to be re-weighted to 3.3%, 3.3% and 3.4% respectively. To exercise this option, you must notify your professor via e-mail no later than January 16, 2014.

MID-TERM EXAMS (2 worth 25% each): There will be two midterm exams held in class. Midterm 1 is in class on Tuesday February 4th and Midterm 2 is in class on Tuesday March 18th. Students must write the midterm in the class time they are registered. Further details regarding the midterms will be posted on courselink. The mid-term will be a combination of both qualitative and quantitative material from the course. FINAL EXAM (40%): The examination time is set by the Registrar. The exam is on Thursday April 10, 2:30pm-4:30pm. It is the student’s responsibility to resolve time conflicts. The examination may encompass any material covered during the semester and will be a combination of both qualitative and quantitative material from the course.


COURSE SCHEDULE

The attached schedule may require modification from time to time. Any changes or other announcements will be made in class and/or on the course web.

Date Chapters/Topics In Class Problems Extra Problems

Jan. 7 Introduction to the course Ch. 1 Introduction

None None

Jan 9 Ch. 2 Cost Terms and Purposes 2-15, 17, 19, 24, 37, 38

2-14, 21, 25, 35

Jan 14 Ch. 3 Cost-Volume-Profit Analysis

3-11, 16, 23, 24, 42, 44

3-10, 12, 13, 15, 21, 25, 28, 30, 31

Jan 16 Ch. 3 continued

Jan 21 Ch. 4 Job Costing 4-20, 24, 28, 29, 36, 40, 41

4-18, 21, 23, 37 and 36

Jan 23

In-Class Quiz #1 Ch. 4 continued

Jan 28 Ch. 5 Activity-Based Costing & Activity-Based Management

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

5-16, 24, 27, 28, 35

Jan 30

Ch. 5 continued

Feb 4 MIDTERM #1 (in class) 25% Feb 6 Ch. 6 Master Budget and

Responsibility Accounting

6-25, 26, 27, 28, 34, 40, 41

6-18, 19, 22, 24, 33, 38, 40

Feb 11 Ch. 6 continued

Feb 13 Ch. 7 Flexible Budgets, Variances, and Management Control I

7-17, 20, 23, 24, 29, 34, 40

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

Reading Week Feb 17 to 21 Feb 25 Ch. 7 continued

Feb 27 Ch. 8 Flexible Budgets, Variances, and Management Control II

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

8-16, 17, 21, 25, 30, 32, 36, 40


Mar 4

Ch. 8 continued


Date Chapters/Topics In Class Problems Extra Problems

Mar 6

In-Class Quiz #2 Ch. 9 Income Effects of Denominator Level on Inventory Evaluation

9-18, 19, 20, 24, 26, 27, 29, 33, 36

9-16, 17, 21, 25, 34, 35

Mar 11 Ch. 9 continued

Mar 13 Ch. 10 Quantitative Analysis of Cost Functions

10-16, 18, 19, 24, 25 10-15, 17, 19, 20

Mar 18 MIDTERM #2 (in class) 25% Mar 20 Ch. 10 continued

Mar 25 CH. 11 Decision Making and Relevant Information

11-14, 19, 21, 22, 24, 30, 31

11-15, 16, 18, 20, 26, 27, 28

Mar 27

In-Class Quiz #3 Ch. 11 continued

Apr 1 Ch. 12 Pricing Decisions, Product Profitability, and Cost Management

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

12-15, 18, 28, 30, 32

Apr 3 Ch. 12 continued and Review


Academic Regulations and Procedures All students are expected to abide by the University’s academic regulations in the completion of their academic work, as set out in the undergraduate calendar (see http://www.uoguelph.ca/registrar/calendars/undergraduate/current/c08/index.shtml). Some regulations are highlighted below: Academic Load: Students should note that 10 to 12 hours of academic time and effort per week (including classes) are expected for a 0.50 credit course (see http://www.uoguelph.ca/registrar/calendars/undergraduate/current/c08/c08-aload.shtml). Academic Misconduct: The University of Guelph is committed to upholding the highest standards of academic integrity and directs 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. The University of Guelph takes a serious view of academic misconduct and it is your responsibility as a student to be aware of and to abide by the University’s policy. Included in the definition of academic misconduct are such activities as cheating on examinations, plagiarism, misrepresentation, and submitting the same material in two different courses without written permission. To better understand your responsibilities, read the Undergraduate Calendar at: http://www.uoguelph.ca/registrar/calendars/undergraduate/current/c08/c08-amisconduct.shtml You are also advised to make use of the resources available through the Learning Commons (http://www.learningcommons.uoguelph.ca/) and to discuss any questions you may have with your course instructor, teaching assistant, Academic Advisor or Academic Counselor. Students should be aware that faculty have the right to use software to aid in the detection of plagiarism or copying and to examine students orally on submitted work. For students found guilty of academic misconduct, serious penalties, up to and including suspension or expulsion from the University can be imposed. Academic Consideration: Students who find themselves unable to meet course requirements by the deadline or criteria expected because of medical, psychological or compassionate circumstances beyond their control, should review the regulations on Academic Consideration in the Undergraduate Calendar (http://www.uoguelph.ca/undergrad_calendar/c08/c08-ac.shtml) and discuss their situation with the instructor, Program Counsellor or Academic Advisor as appropriate. Documentation supporting requests for academic consideration for final course work or final exams based on medical, psychological or compassionate grounds must be submitted to your program counsellor within five (5) working days of the missed exam or course work deadline. In addition, approved deferred privileges must be completed within the semester immediately following the semester in which the exam/course work was originally missed. Refer to the 2013-14 Undergraduate Calendar’s “Academic Consideration, Appeals and Petitions” site: http://www.uoguelph.ca/registrar/calendars/undergraduate/current/c08/c08-ac-ac.shtml


Religious Holidays: Should a student need to miss scheduled tests, mid-term examinations, final examinations, or requirements to attend classes and participate in laboratories for religious reasons, please advise the instructor within two weeks of the distribution of this course outline so that alternate arrangements can be made. For further information see http://www.uoguelph.ca/registrar/calendars/undergraduate/current/c08/c08-accomrelig.shtml. Code of Conduct – The Top Ten As a student in the Department of Business, College of Management and Economics at the University of Guelph, you are a member of a scholarly community committed to improving the effectiveness of people and organizations, and the societies in which they reside, through groundbreaking and engaging scholarship and pedagogy. We seek to promote a comprehensive, critical and strategic understanding of organizations, including the complex interrelationship between leadership, systems (financial and human) and the broader social and political context. And, we prepare graduates for leadership roles in which organizational objectives, self-awareness, social responsibility and sustainability are primary considerations.

In keeping with this commitment, we expect all of our students (indeed – all members of our community) to act in a professional and respectful manner to fellow students, staff and faculty, as well as to members of the broader university and local community. This expectation is very much in keeping with your preparation for a professional career.

The following conduct is expected of all of our students:

1. Come to class prepared to learn and actively participate (having completed assigned readings and attempted the assigned problems).

2. Approach your academic work with integrity (avoid all forms of academic misconduct).

3. Arrive on time and stay for the entire class. If you happen to be late, enter the classroom as quietly as possible. At the end of class, apologize to the faculty member for the interruption. If you have to leave class early, alert the faculty member in advance.

4. If you know in advance that you are going to miss a class, send an email to the faculty member letting him/her know that you will be absent, with a brief explanation.

5. While in class, refrain from using any written material (e.g., newspaper) or technology (e.g., the Internet, computer games, cell phone) that is not relevant to the learning activities of that class. Turn off your cell phone at the start of each class.

6. Listen attentively and respectfully to the points of view of your peers and the faculty member. Don’t talk while others have the floor.

7. Raise your hand when you wish to contribute and wait to be called upon. Challenge others appropriately, drawing on reason and research rather than unsubstantiated opinion, anecdote and/or emotion. Keep an open mind and be prepared to have your point of view challenged.

8. When sending emails to faculty, apply principles of business writing; use a professional and respectful style (use a formal salutation, check for spelling and grammatical errors, and avoid slang and colloquial short forms).

9. If you need extra help, ask for it. However, do not wait unit right before a midterm/final exam. Keep up with the work in the course. When meeting with your instructor, have your questions prepared in advance.

10. Complete the online course evaluations at the end of the term and provide thoughtful feedback. We are


committed to continuously improving our teaching practice, but need your input to help us decide what to focus on.

Download - ACCT*3230 INTERMEDIATE MANAGEMENT … 3230 Intermediate Management Accounting Winter 2014 ~ 1 ~ ... Apr 1 Ch. 12 Pricing Decisions, ... Profitability, and Cost Management 12-16, 17,

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