university of manitoba 2018 acc 1110 d01 course outline page 2 of 12 course objectives cont’d:...
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University of Manitoba
Department of Accounting and Finance
Winter 2018
ACC 1110 – Introductory Managerial Accounting
On-Line Section D01
Instructor: Jean Pai, MBA, CPA, CGA
Office: 372 Drake Centre
Office Hours: Questions by email welcomed; Drop-in basis on Tuesday &
Thursday 2:30 PM to 3:30 PM, except for January 27, February
15 and reading week; Extended office hours on drop-in basis
will be announced when midterm or final exam is near.
E-mail: [email protected]
COURSE OBJECTIVES
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
Apply basic cost concepts 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.
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 to properly use this information.
Explain 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.
Winter 2018 ACC 1110 D01 Course Outline Page 2 of 12
COURSE OBJECTIVES CONT’D:
AACSB Assurance of Learning Goals and Objectives.
The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process of
continuous improvement of the School and our students. Part of “student improvement” is ensuring
that students graduate with the knowledge and skills they need to succeed in their careers. To do so,
the Asper School has set the learning goals and objectives listed below for the Undergraduate
Program. The checked goal(s) and objective(s) will be addressed in this course and done so by
means of the items listed next to the checkmark.
Goals and Objective in the Undergraduate Program
Goals and
Objectives
Addressed
in this
Course
Course Item(s)
Relevant to these
Goals
and Objectives
1 Quantitative Reasoning
A. Determine which quantitative analysis technique
is appropriate for solving a specific problem.
Entire course
B. Use the appropriate quantitative method in a
technically correct way to solve a business
problem.
Entire course
C. Analyze quantitative output and arrive at a
conclusion.
Entire course
2 Written Communication
A. Use correct English grammar and mechanics in
their written work.
Short-answer
assignment
questions
B. Communicate in a coherent and logical manner Short-answer
assignment
questions
C. Present ideas in a clear and organized fashion. Short-answer
assignment
questions
3 Ethical Thinking
A. Identify ethical issues in a problem or case
situation
Qualitative
assignments and
exams
B. Identify the stakeholders in the situation.
C. Analyze the consequences of alternatives from an
ethical standpoint.
Qualitative
assignments and
exams
D. Discuss the ethical implications of the decision. Qualitative
assignments and
exams
4 Core Business Knowledge Entire course
Winter 2018 ACC 1110 D01 Course Outline Page 3 of 12
Assigned Material
1) Garrison et al. Managerial Accounting, Tenth Canadian Edition (10th CE), McGraw Hill
Ryerson:
Garrison 10th CE print book with Connect ISBN = 9781259103278 or
Garrison 10th CE Connect + eBook ISBN = 9781259066818
Do not throw away the Connect access code card included in the 10th CE that comes
with your new textbook. You need it to access the Connect site for assignments, ebook
videos, and other resources. If you had purchased a copy of the new 10th edition prior term,
the access code came with the text should be valid. However, a pre-own 10th edition’s
access code has been assigned to the previous owner and is not transferable.
2) Information for McGraw Hill Connect site of all sections is below:
Course Name: Winter 2018 ACC1110 Managerial with LearnSmart
Instructor of D01: Jean Pai
Connect assignments coordinator: Robert Biscontri, email: [email protected]
Section: A01 A02 A03 A04 D01
Registration Date: January 1, 2018 – January 21, 2018
Connect Registration Site http://connect.mheducation.com/class/r-biscontri-a01-a02-a03-a04-d01
Registration Help: http://bit.ly/StudentRegistration
3) ACC 1110 class materials in UM Learn course website are organized by chapter. In UM
Learn, “How to procced” section of each chapter guides you through the learning process.
Class materials in UM Learn include PowerPoint Presentation files, PPT. Assigned
demonstration questions can be accessed through direct recorded video links in UM
Learn and Connect course site under Library/ebook/video.
Course Website
Various materials for the course are available on UM Learn. To access the course website, going
to https://universityofmanitoba.desire2learn.com/d2l/login will take you to the desire to learn
home page. Log into UM Learn using your UMnetID account. Once you are at your UM Learn
page, click on the ACC 1110 course title.
If you do not yet have an 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 claim-id procedure. If you have not already done so, you should set your UM Learn profile to forward mail to the
email address you use most often. That way, course announcements will be sent to that email
address.
Important Dates and Deadlines
These are set by the University Administration and can be found at
http://umanitoba.ca/student/records/deadlines/index.html.
Winter 2018 ACC 1110 D01 Course Outline Page 4 of 12
End of Chapter Self-Study Questions
The Connect assignments are NOT sufficient preparation for this course. This course outline
includes a list of self-study questions that should to be done at the end of each chapter. These
questions are designed to allow students to review lecture material and to practice applying
knowledge of each subject area. Reviewing the assigned Connect e-book video(s) before
attempting the self-study questions will be helpful. Solutions of after-chapter problems are
provided in the UM Learn course site. Questions will not be handed in for grading. 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 during office hours or by email.
Additional chapter specific practice questions of True-False and Multiple-Choice can be
found in Connect/Library/Self-Quiz and Study.
Examinations
Students are allowed to bring one 8.5-inch by 11-inch sheet, handwritten on both sides, into the
midterm and the final examination. Write your name and the last four digits of U of M student
ID on the upper right hand corner of the sheet. It is necessary to submit this sheet with the
examination. Cell phones are not permitted. You must bring your student ID card to the
exam. A driver licence is not sufficient to prove your student status to write an examination
with the University of Manitoba.
There is no make-up midterm examination. In all cases of midterm absence, the instructor
should be advised with 7 calendar days of the examination date and receive suitable
documentation. Students who miss the midterm examination for legitimate reasons (medical
compassionate, or university sports team travel) and provide suitable documentation in time will
have the weight of midterm exam put on the final exam. Note that a conflict with employment is
not an excused absence considered by the University.
In case of a midterm conflict with another course of our university, students should ask the
instructor of the other course if there is a deferred midterm, if not, be prepared to write back-to-
back midterm examinations of both courses on the same date.
Students who miss the final examination must apply to the Undergraduate Program Office of your
own home faculty for possible deferred examination privileges. For Asper students, the Under
Graduate Program Office is located Room 268 Drake.
Office Hours
Specific questions by email are welcome. Drop-in basis office hours are listed on the cover page. I
will limit to 15-minute rotation, if there are others waiting in line for assistance. This is to ensure I
can assist as many students on the same day. Extended office hours on drop-in basis will be
announced in UM Learn course site when an examination is near.
Winter 2018 ACC 1110 D01 Course Outline Page 5 of 12
Grade Allocation
(Based on Central Time Zone)
On-Campus Midterm Examination:
Chapters 1 to 5, 7 & 8
Wednesday, March 7 2018; 6 PM to 8PM,
Exam location to be announced
35.0%
(or B-Virtual Midterm Examination:
Managed and authorized by CATL)
Friday, March 9; 2 hours
(applicable for students living 2 hours away)
5 Connect On-Line Assignments: (10%)
Assignment 1: Ch. 2 By 11:59 PM, Friday, January 19, 2018 2.0%
Assignment 2: Ch. 4 By 11:59 PM, Friday, February 2, 2018 2.0%
Assignment 3: Ch. 5 By 11:59 PM, Friday, February 9, 2018 2.0%
Assignment 4: Ch. 10 By 11:59 PM, Thursday, March 29, 2018 2.0%
Assignment 5: Ch. 11 & Appendix By 11:59 PM, Thursday, April 5, 2018 2.0%
Group Assignments: (5%)
Group Assignment 1:
Activity Based Costing
By 4:00 PM, Thursday, March 1, 2018
via Dropbox in UM Learn
2.5%
Group Assignment 2: Budgeting By 4:00 PM, Thursday, March 15, 2017
via Dropbox in UM Learn
2.5%
Final Examination: (50%) Cumulative, 3 hours, Location and Time to be
determined by the Registrar’s Office
50.0%
Total 100.0%
ABC and Budget Group Assignments
Both assignments are to be done in teams using Excel functions and templates provided. Save
your final team work in the Excel Workbook before submitting in the Dropbox on UM Learn
course website. Late, individual, or in-person paper-based submissions will not be accepted.
Marks will be lost for not using the Excel template format provided. Toward the end of term, a
peer evaluation form will be provided for students who wish to fill out. Individual score of each
assignment will be adjusted accordingly to compute the end-of-term course grade. Teams will be
assigned by the instructor when the registration revision period is over. It is suggested that you
make a copy of your answer to check against the answer key. For both assignments, the credit is
based on having certain check figures correct.
Mandatory Connect Assignments for the 10th CE
You will receive full credit of 2% on each assignment when you score 100%. When scoring less
than 100% on a Connect assignment, weighted credit is calculated according to your actual score
on the assignment. For example, if you received 80% on Connect Assignment 1, your weighted
credit is 2% x 80 = 1.6% of course grade. Be advised that you MUST hit “SUBMIT” to submit
the assignment to Connect: it is not submitted automatically. Late assignments are not
accepted.
Letter Grades
When all scores are in after the final exam, letter grades are then determined based on distribution.
In the past, the weighted course average has been in C or C+ range.
ACC 1110 Course Outline Page 6 of 12
Contact for Online Degree and Non-degree (CaPS) Courses
The University of Manitoba is committed to supporting our students in their distance
learning experience. A list of potential problems and related email contact information is
shown below for your convenience. Please be sure to include your name, the course
number, and a detailed explanation of the help that you need in any correspondence.
NOTE: Send your message to the id shown in brackets if you are using your online
course email.
Question/Problem Email (online course email)
Grades, assignment submission extensions Contact your instructor as noted in
his/her letter of introduction.
Technical problems when using your online course;
e.g., problems opening course materials, sending
email, attaching documents to email, broken links,
etc.
IST Service
Desk: [email protected]
Passwords IST Service
Desk: [email protected]
For registration related questions, please contact
the Registrar's Office. (This is not applicable for
non-degree courses)
Registrar's Office: 204-474-9420
Toll-free: 1-877-474-9420
Or visit them
at umanitoba.ca/student/records.
For advising on which courses to take, please contact
your faculty's Academic Advisor. (This is not
applicable for non-degree courses)
A list of advisors is available from
Student
Affairs umanitoba.ca/academic-
advisors.
Telephone inquiries
IST Service Desk: 1-204-474-8600
Toll-free: Canada: 1-844-616-1756
ACC 1110 Course Outline Page 7 of 12
Class Schedule (The same as the face-to-face sections)
PPT stands for PowerPoint presentation. Demo questions are recorded videos. Both types of
files aforementioned and Solutions to After-Chapter Questions can be accessed in the UM Learn
course site.
Date
Day
Topic
Reading
Demo
Questions
Homework
Questions
4-Jan-18 1
Managerial
Accounting and the
Business
Environment
Chapter 1;
PPT1
Connect: E1-1,
E1-2, P1-5;
Demo 1-1
Q:1-1, 1-2, 1-4,
1-7, 1-9, 1-12,
P: 1-7, P1-8
9-Jan-18 2
Cost Terms,
Concepts, and
Classifications
Chapter 2
pages 26-36;
PPT2a
Connect: E2-6,
Demo: 2a
Q:2-1, 2-2, 2-3,
2-6, , 2-8
E:2-9
11-Jan-18 3
Statement of Cost of
Goods
Manufactured and
Cost of Goods Sold
Chapter 2
pages 36-39;
PPT2b
Connect: E2-3,
E2-4, P2-24;
Demo 2b
Q: 2-5, 2-7
P:2-26
16-Jan-18 4
Fixed, Variable,
Direct and Indirect
Costs
Chapter 2
pages 39-41;
PPT2c
Demo 2c Q: 2-9, 2-10, 2-
11, 2-12
E:2-11
P:2-13, 2-20, 2-
21
18/Jan/18 5
Cost Classifications
Used in Making
Decisions
Chapter 2
pages 42-45;
PPT2d
Demo 2d
Cost Behaviour:
Analysis and Use
Chapter 3
(omit pp 76 -
79:
Scattergram;
omit
appendix);
PPT3
Connect: E3-1,
E3-5, E3-7, &
P3-17; Demo 1
Q:3-2, 3-8 , 3-
12, 3-13, 3-14
E:3-3, 3-4, 3-10,
P:3-11, 3-15, 3-
16
19/Jan/18
Connect Assignment #1 due by 11:59 PM, CST
23/Jan/18
Web Conference 1, chapters 1 to 4, 10 AM to 12 PM, CST;
23-Jan-18 6
Cost-volume Profit
Relationships
Chapter 4
(omit pages
125-127);
PPT4
Connect: E4-5,
E4-11, P4-19
Q:4-2, 4-3, 4-4,
4-5, 4-6, 4-11
E: 4-1, 4-3, 4-
10, 4-12, 4-16
25-Jan-18 7
Demo: 1 to 5 P: 4-18, 4-22, 4-
27, 4-31
ACC 1110 Course Outline Page 8 of 12
Class Schedule Continued:
Date
Day
Topic
Reading
Demo
Questions
Homework
Questions
30-Jan-18 8
System Design: Job
Order Costing
Overview;
Chapter 5
pages 153 -
158; PPT5a
Connect: E5-1,
E5-5
Q: 5-1, 5-2, 5-3
E: 5-2
30-Jan-18
Group list available; Contact group members via email function in UM
Learn/Communication/Groups.
1-Feb-18 9
Manufacturing
Overhead Applied
and Cost Flows
Chapter 5
pages 159 -
172; PPT5b
Connect: E5-2,
E5-3, E5-5;
Demo: 5b1,
5b2
Q: 5-4, 5-6, 5-7,
5-8, 5-10, 5-13,
5-14, 5-15
E: 5-4, 5-6, 5-8,
5-11, 5-14
P5-18
2-Feb-18
Connect Assignment #2 due by 11:59 PM, CST
6-Feb-18 10
Disposing
Overapplied and
Underapplied
Overhead
Chapter 5
pages 172-
180
Appendix
5A; PPT5c
pages 206-
207
Demo: 5c1 P: 5-19, 5-20, 5-
24 5A-2
6-Feb-18
Each group done contacting; ABC templates available in UM Learn.
8-Feb-18 11
Activity Based
Costing: Model and
the 2-stage Cost
Allocation; ABC
Group
Chapter 7
pages 249 –
264
omit
Appendix;
PPT 7a
Demo: 7a1,
7a2; Connect:
E7-1, E7-9
Q: 7-1,7-2,7-5,
7-6, 7-10, 7-11
E:7-3, 7-4, 7-10,
7-11, 7-12, 7-16
8-Feb-18
Each group finishes planning on how to complete ABC assignment.
9-Feb-18
Connect Assignment #3 due by 11:59 PM, CST
13-Feb-18
Web Conference 2, chapters 5, 7 & 8: 10 AM to 12 PM, CST;
13-Feb-18 12
Activity Based
Costing: Product
Cost:
Chapter 7
pages 264-
274
omit
Appendix;
PPT7b
Demo: 7b1;
Connect:P7-20
P: 7-21, 7-22
15-Feb-18 13
Variable Costing: A
Tool for
Management
Chapter 8;
PPT 8
Connect: E8-1,
E8-5, E8-8,
P8-10; Demo:
Into., 1, & 2
Q:8-1, 8-2, 8-3,
8-6, 8-7,8 -9
E:8-1, 8-2, 8-7
ACC 1110 Course Outline Page 9 of 12
Class Schedule Continued:
Date
Day
Topic
Reading
Demo
Questions
Homework
Questions
19-Feb to 23-Feb-18 READING WEEK
27-Feb-18 14
Variable Costing: A
Tool for
Management
Chapter 8:
PPT8
Demo: 3 P:8-14, 8-16, 8-
17
1-Mar-18
ABC Group Assignment due by 4:00 PM, CST; Submit via UM Learn
Dropbox, Only the most recent submission is kept for grading.
1-Mar-18
Budget group assignment templates available in UM Learn. Each group
finishes planning on how to complete.
1-Mar-18 15
Budgeting:
Introduction
Chapter 9
pages 343 –
349; PPT9a
Connect: E9-3, Q: 9-1, 9-3, 9-8
P: 9-13
6-Mar-18 16
Budgeting: Master
Budget
Chapter 9
pages 349 -
363; PPT9b
Demo: 9b1,
9b2
E: 9-1, 9-2, 9-4,
9-5, 9-6
Q: 9-5
P: 9-18
C: 9-27
7-Mar-18 17
ON-CAMPUS MIDTERM EXAM;
9-Mar-18 B-VIRTUAL MIDTERM EXAM WHEN AUTHORIZED BY CATL
13-Mar-18
Web Conference 3, chapters 9 & 10, 10 AM to 12 PM, CST;
13-Mar-18 18
Budgeting: Flexible
Budget &
Performance Report
Chapter 9
pages 363 –
369
omit
appendix;
PPT 9c
Connect: E9-9;
Demo: 9c
Q: 9-13
E: 9-10
P: 9-25
15-Mar-18 19
Standard Costs and
Overhead Analysis:
Setting Standards
Chapter 10
(omit pages
420 – 427,
omit
appendices);
PPT10
Demo: Intro.;
Connect: E10-
3, E10-9, P10-
22
Q: 10-1, 10-2,
10-7, 10-10, 0-
12, 10-17
E: 10-2
15-Mar-18
Budget Group Assignment due by 4:00 PM, CST; Submit via UM Learn
Dropbox, Only the most recent submission is kept.
20-Mar-18 20
Standard Costs and
Overhead Analysis:
Basic Variance
Analysis
Chapter 10
omit pages
420 – 427,
omit
Appendices;
PPT10
Demo: 1 to 4 E: 10-7, 10-8
P:10-18, 10-19
(omit part 4) 10-
22, 10-24, 10-31
(omit part 4)
ACC 1110 Course Outline Page 10 of 12
Class Schedule Continued:
Date
Day
Topic
Reading
Demo
Questions
Homework
Questions
22-Mar-18 21
Reporting for
Control:
Segmented
Reporting Return
on Investment and
Residual Income
Chapter 11
pages 480 –
490; PPT11a,
PPT11c
Demo: 11a1,
11a2, 11c;
Connect: E11-
1, E11-3, E11-
5, E11-11,
P11-18
Q: 11-1, 11-2,
11-4, 11-5, 11-8,
11-9, 11-10, 11-
11, 11-13, 11-14
E: 11-4, 11-6,
11-7, 11-8, 11-
10
P: 11-12, 11-13,
11-14, 11-17,
11-20, 11-22
C: 11-25
27-Mar-18
Web Conference 4, chapters 11, 11A, & 12; 10 AM to 12 PM, CST.
27-Mar-18 22
Reporting for
Control:
Transfer Pricing (via
Connect On-Line)
Appendix
11A;
PPT11b,
Demo: 11b Q: 11A-1, 11A-
2, 11A-3
E: 11A-1, 11A-
2, 11A-3
P: 11A-11,
11A-12
29-Mar-18 23
Relevant Costs for
Decision Making:
Relevant and
Differential Costs;
Adding/Keeping
Segments; Make or
Buy
Chapter 12;
PPT12a,
PPT12b,
PPT12c
Demo: 12a1,
12a2, 12b,
12c; Connect:
E12-3
Q: 12-1, 12-2,
12-5, 12-6
E: 12-9, 12-14
P: 12-23, 12-24
29-Mar-18
Connect Assignment #4 due by 11:59 PM, CST
3-Apr-18 24
Relevant Costs for
Decision Making:
Special Order; Joint
Costs and Process
Further
Chapter 12
pages 539 –
545: PPT12d,
PPT12e
Connect: E12-
4; Demo: 12e
Q:12-10, 12-14,
12-15
E: 12-10, 12-12.
12-17
P: 12-28, 12-30
5-Apr-18 25
Relevant Costs for
Decision Making:
Utilization of
Constrained
Resource; Cost-Plus
Pricing and Target
Pricing (via Connect
On-Line)
Chapter 12
pages 545 –
548;
Appendix
12A;PPT12f,
PPT12g
Connect: E12-
6, E12-11;
Demo: 12f
P:12-29
E:12A-1, 12A-2
P: 12A-4
5-Apr-18 Connect Assignment #5 due by 11:59 PM, CST
ACC 1110 Course Outline Page 11 of 12
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.
ACC 1110 Course Outline Page 12 of 12