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JOHN CABOT UNIVERSITY

COURSE CODE: "FIN 202"
COURSE NAME: "Managerial Accounting "
SEMESTER & YEAR: Summer Session I 2017
SYLLABUS

INSTRUCTOR: Silvia Pulino
EMAIL: [email protected]
HOURS: MTWTH 2:00 - 3:45 PM
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisite: FIN 201
OFFICE HOURS:

COURSE DESCRIPTION:
This course focuses on the role of accounting in the management process and where accounting can provide critical support to management decision making. Cost-volume relations are introduced, along with identification of costs relevant to management decisions. Process costing and job costing systems, the development of a master plan, preparation of flexible budgets and responsibility accounting are covered, and the influences of quantitative techniques on managerial accounting are introduced.
SUMMARY OF COURSE CONTENT:

Review of Financial Accounting (including recording of Business Transactions, Completing the Accounting Cycle, and the Balance Sheet). The Statement of Cash Flows. Financial Statement Analysis. Job Costing. Process Costing. Activity-Based Costing and Other Cost Management Tools. Cost-Volume-Profit Analysis. The Master Budget and Responsibility Accounting. Flexible Budgets and Standard Costs. Short-Term Business Decisions. Capital Investment Decisions and Time Value of Money.

Highlights: the program includes a group project in which students will analyze the financial performance of a real company and make an investment recommendation based on their findings. The course includes also the development of an Excel model to forecast sales and prepare Budgeted Financial Statements for a company.

LEARNING OUTCOMES:

Students having successfully completed the course should be able to:

  • Prepare and interpret simple financial statements (income statement, balance sheet and statement of cash flows)
  • Distinguish financial accounting from managerial accounting
  • Identify trends in the business environment and use cost-benefit analysis to make business decisions
  • Identify ethical issues in managerial accounting decisions
  • Distinguish between job costing and process costing and use each method as appropriate to determine cost of goods sold
  • Use cost-volume-profit analysis to compute breakeven points and to perform sensitivity analyses
  • Prepare operating and financial budgets and use sensitivity analysis in budgeting
  • Prepare a flexible budget and use it to show why actual results differ from the static budget
  • Use activity-based management (ABM) to make business decisions
            Appropriately use payback, accounting rate of return and discounted cash flow models to make short- and long-term capital budgeting decisions
TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
AccountingHorngren, Harrison, OliverPrentice Hall978-0-13-609342-8 Students may use any standard Managerial Accounting textbook as long as it contains all the topics covered during the course. One copy of the recommended textbook is on reserve in the Library.
REQUIRED RESERVED READING:
NONE

RECOMMENDED RESERVED READING:
NONE
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Class Preparation, Participation and EngagementThe class participation grade will reflect preparation, attendance, quality and frequency of participation. Class preparation will require students to read all the assigned material and, at the end of each unit, to practice problems at home for further discussion in class. Class participation will help students understand the material better and build confidence in public speaking. In each class, students will be asked to make a brief presentation of the material they have prepared, but all students are encouraged to participate in almost every class at least once and if possible more than once, actively engaging in the debate. The instructor may also indicate university open lectures that are relevant to the course; students are expected to attend such lectures (unless there is a scheduling clash with another course) as part of their class participation activities. Participation to these activities will enhance the class participation grade. Assignments and deadlines will be posted on Moodle. Students are required to sign up and keep up to date with all Moodle postings for the course. 10%
Mid-Term Tests (2, 30% each)In weeks 2 and 4 there will be a mid-term test to check the understanding of the topics covered. The tests will contain computational problems and concept questions. There will be no make-up for missed tests, regardless of the justification. The specific dates of the tests will be posted on Moodle. 60%
Comprehensive Final ExamThe final examination is comprehensive and will test students on all the topics covered throughout the course. The exam will require the use of a financial calculator. For students who have 2 absences or less, the final examination grade will substitute the mid-term grades if higher. 30%

-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.

-ATTENDANCE REQUIREMENTS:
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY

You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. The final exam period runs until June 23rd.
ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic dishonesty will receive a failing grade on the work in which the dishonesty occurred. In addition, acts of academic dishonesty, irrespective of the weight of the assignment, may result in the student receiving a failing grade in the course. Instances of academic dishonesty will be reported to the Dean of Academic Affairs. A student who is reported twice for academic dishonesty is subject to summary dismissal from the University. In such a case, the Academic Council will then make a recommendation to the President, who will make the final decision.
STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap. Students with approved accommodations must inform their professors at the beginning of the term. Please see the website for the complete policy.

SCHEDULE

The following schedule is tentative and subject to change.  The up-to-date schedule and assignments will be posted on Moodle.

Class

 Date

Topic

Activities

 

Assignments

 

PART I – REVIEW OF FUNDAMENTALS

1

M

5/22

Introduction and review of Financial Accounting

Statement of Cash Flows

Assessment test (ungraded)

 

 

 

2

T

5/23

Statement of Cash Flows

 

 

 

 

3

W

5/24

Financial Statement Analysis

 

 

 

 

4

TH

5/25

Financial Statement Analysis

 

 

 

 

PART II – COSTING METHODS

5

M

5/29

Job Costing

 

 

 

6

T

5/30

Job Costing

Process Costing

 

 

 

 

7

W

5/31

Process Costing

 

 

 

8

TH

6/4

Activity Based Costing

Test 1: Statement of Cash Flows and FSA

 

 

 

9

M

6/5

Activity Based Costing

 

 

 

 

10

T

6/6

CVP analysis

 

 

 

11

W

6/7

CVP analysis

 

 

 

 

PART III – FINANCIAL PLANNING

12

TH

6/11

The Master Budget

 

 

 

 

13

M

6/12

The Master Budget

 

 

 

 

14

T

6/13

Flexible Budgets

 

 

 

15

W

6/14

Flexible Budgets

 Test 2: Job Costing, Process Costing, ABC and CVP

 

 

 

PART VI – OTHER STRATEGIC ISSUES

16

TH

6/18

Time Value of Money

 

 

 

17

M

6/19

Time Value of Money

 

 

 

18

T

6/20

Capital Budgeting

 

 

 

19

W

6/21

Capital Budgeting

 

 

 

 

20

TH

6/22

Review

 

 

 

 

 

6/23

FINAL EXAM