JOHN CABOT UNIVERSITY COURSE CODE: "FIN 202-2" COURSE NAME: "Managerial Accounting" SEMESTER & YEAR: Fall 2018

SYLLABUS INSTRUCTOR: Ian Roberts EMAIL: [email protected] HOURS: MW 10:00-11:15 AM 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: This Managerial Accounting course looks at how managerial accounting is used as a forward-looking management tool for decision making. The main topics covered in the course are cost behavior, job costing, process costing, cost/volume/profit analysis, Activity Based Costing (ABC), master budgeting, flexible budgets, standard costs, capital budgeting decisions, ratio analysis and product/service pricing.

LEARNING OUTCOMES: Students having successfully completed the course should be able to:  - Use cost-benefit analysis to make business decisions  - Distinguish between job costing and process costing, and use each method appropriately to determine the cost of goods sold  - Use cost-volume-profit analysis to compute breakeven points and to perform sensitivity analysis  - Prepare operating and financial budgets  - Prepare a flexible budget and use it to show why actual results differ from the static budget  - Use activity based costing (ABC) to make business decisions  - Make short and long term decisions based on accounting rate of return and discounted cash flow models  - Measure financial and operating performance in profit/cost centres  - Apply key financial ratios  - Make pricing decisions

TEXTBOOK: Book Title Author Publisher ISBN number Library Call Number Comments Format Local Bookstore Online Purchase Managerial Accounting 15th ed. (2015) Garrison, Noreen and Brewer McGraw Hill ISBN 978-0-07-802563-1

REQUIRED RESERVED READING: NONE RECOMMENDED RESERVED READING: NONE

GRADING POLICY -ASSESSMENT METHODS: Assignment Guidelines Weight Class preparation and participation The class participation grade will reflect preparation, 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 discussion in class. Class participation will help students to understand the material better and build confidence in public speaking. 10% Homework assignments 10% Master budget Students will prepare a master budget on an Excel spreadsheet. The budget will be will be evaluated on the completeness and accuracy of the model, and how it is presented in Excel. 10% First quiz The first quiz will take place roughly one quarter of the way through the course and will test students on the material covered up to that point. 15% Second quiz The second quiz will take place roughly half way through the course and will test students on the material covered up to that point. 15% Third quiz The third quiz will take place roughly three quarters of the way through the course and will test students on the material covered up to that point. 15% Final examination The final examination is comprehensive and will test students on all of the material covered in the course. 25% -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: Students should make their best efforts to attend all classes and to arrive on time. Late arrivals in class will affect the participation grade. Students with three absences or fewer (for whatever reason) will have the opportunity to drop the lowest scoring quiz from their grade total and make up the difference in the final exam.

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

Week  Day Date Reading Description 1 Mon 03/09/18 Ch. 1 Managerial Accounting: An Overview Wed 05/09/18 Ch. 2 Managerial Accounting and Cost Concepts 2 Mon 10/09/18   Managerial Accounting and Cost Concepts Wed 12/09/18 Ch. 3 Job-Order Costing 3 Mon 17/09/18   Job-Order Costing Wed 19/09/18 Ch. 4 Process Costing 4 Mon 24/09/18   Process Costing Wed 26/09/18 Quiz 1 5 Mon 01/10/18 Ch. 5 Cost-Volume-Profit Relationships Wed 03/10/18   Cost-Volume-Profit Relationships 6 Mon 08/10/18 Ch. 7 Activity-Based Costing Wed 10/10/18   Activity-Based Costing 7 Mon 15/10/18 Ch. 8 Master Budgeting Wed 17/10/18   Master Budgeting 8 Mon 22/10/18 Quiz 2 Wed 24/10/18 Ch. 9 Flexible Budgets and Performance Analysis 9 Mon 29/10/18   Flexible Budgets and Performance Analysis Wed 31/10/18 Ch. 10 Standard Costs and Variances 10 Mon 05/11/18   Standard Costs and Variances Wed 07/11/18 Ch. 11 Performance Measures for Responsibility Centres 11 Mon 12/11/18   Performance Measures for Responsibility Centres Wed 14/11/18   Quiz 3 12 Mon 19/11/18 Ch. 12 Differential Analysis - Key to Decision Making Wed 21/11/18 Differential Analysis - Key to Decision Making 13 Mon 26/11/18 Ch. 13 Capital Budgeting Decisions Wed 28/11/18 Capital Budgeting Decisions 14 Mon 03/12/18 Ch. 15 Financial Statement Analysis Wed 05/12/18 Financial Statement Analysis TBD FINAL EXAM (comprehensive)