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JOHN CABOT UNIVERSITY
COURSE CODE: "ACCT 202-2"
COURSE NAME: "Managerial Accounting"
SEMESTER & YEAR:
Fall 2023
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SYLLABUS
INSTRUCTOR:
Federica Salvatori
EMAIL: [email protected]
HOURS:
TTH 3:00 PM 4:15 PM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
Pre-requisite: ACCT 201
OFFICE HOURS:
by appointment
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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.
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SUMMARY OF COURSE CONTENT:
The Managerial Accounting course presents the basic concepts of management accounting, explaining at first the differences with financial accounting, and then, going deeply into the tools used to analyse the cost process and determine the costs themselves. Cost behaviour, process costing, Cost-Volume-Profit Analysis, master budget, Activity-Based Costing, profitability analysis and Balanced Scorecard will be the main topics studied in the course. Many managerial accounting tools will be presented in order to learn how to use them in the decision making process.
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LEARNING OUTCOMES:
Students who will successfully complete the course should be able to:
- Understand the differences between financial accounting and management accounting
- Read and interpret basic financial statements (balance sheet, income statement, and cash flow statement)
- Classify costs depending on the analysis to be conducted
- Use cost-benefit analysis to take business decisions
- Use cost-volume-profit analysis to calculate the BEPs and to conduct sensitivities analyses and decide which tools has to be used to increase the performance of the firm
- Analyse operating and financial budgets
- Understand the activity-based-costing process and apply it to make business decisions
- Conduct the profitability analysis in order to check if the firm was able to create value or destroyed value.
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TEXTBOOK:
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments |
| Management Accounting for Business | Colin Drury | Cengage | 978-1-4080-9381-8 | | |
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Test 1 | Test 1 will take place a few weeks into the course and it will concern all the topics covered up to that point. No make-up test will be given. A missed test will be calculated as zero. Exceptions are made if the student presents an official excuse for the absence from the Dean’s Office. Rules of the exams: no mobile phones are allowed, no computers or other electronic tools are allowed. Calculators are needed for your personal use and they cannot be shared during the test. If you perform poorly in your test, you will have to make up for it on future exams. | 25% |
| Final exam | The Final Exam is 1 and a half hours long. No make-up exams will be given. A missed exam will be calculated as zero. Exceptions are made if the student presents an official excuse for the absence from the Dean’s Office. Rules of the exams: no mobile phones are allowed, no computers or other electronic tools are allowed. Calculators are strongly recommended for your personal use and they cannot be shared during the exam. | 40% |
| Attendance | The maximum grade for class participation and attendance is 10% of total grade. It is strongly recommended that students attend all scheduled classes in order to successfully pass the exams. Many accounting concepts, in fact, tend to require the understanding of a previous concepts and/or practical exercises that will be held in class. Class participation grades are determined by the attendance to the course classes (no more than 3 non-excused absences are allowed) and by the preparation required for the classes as well as the active participation during the lesson. | 10% |
| Test 2 | Test 2 will take towards the middle of the course and it will concern all the topics covered up to that point. No make-up test will be given. A missed test will be calculated as zero. Exceptions are made if the student presents an official excuse for the absence from the Dean’s Office. Rules of the exams: no mobile phones are allowed, no computers or other electronic tools are allowed. Calculators are needed for your personal use and they cannot be shared during the test. | 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:
No more than three absences are allowed. Three delays (more than 5 minutes after the beginning of the class) count as 1 absence.
Please refer to the university catalog for the attendance and absence policy.
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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.
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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.
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SCHEDULE
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| Weeks |
Class |
Date |
Note |
Topics |
| 1 |
1 |
05/09/2023 |
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Introduction to course.
Introduction to MA. Differences between MA and FA |
| 1 |
2 |
07/09/2023 |
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Recap of Financial Accounting. Intro to ratio analysis |
| 2 |
3 |
12/09/2023 |
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Interpretation: Ratio analysis (part 1) |
| 2 |
4 |
14/09/2023 |
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Interpretation: Ratio analysis (part 2) |
| 2 |
5 |
15/09/2023 |
Make up Friday for Thursday, November 23 |
Interpretation: Ratio analysis (part 3) |
| 3 |
6 |
19/09/2023 |
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Summary exercise |
3
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7 |
21/09/2023 |
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Mock test |
| 4 |
8 |
26/09/2023 |
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Test 1 |
| 4 |
9 |
28/09/2023 |
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Balanced Scorecard |
| 5 |
10 |
03/10/2023 |
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Cost classification by nature |
| 5 |
11 |
05/10/2023 |
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Cost classification by behaviour |
| 6 |
12 |
10/10/2023 |
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Short-term decision making. CVP analysis |
| 6 |
13 |
12/10/2023 |
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Short-term decision making. CVP analysis |
| 7 |
14 |
17/10/2023 |
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Summary question |
| 7 |
15 |
19/10/2023 |
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Mock test |
| 8 |
16 |
24/10/2023 |
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Test 2 |
| 8 |
17 |
26/10/2023 |
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Job order costing and process order costing |
9
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18
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31/10/2023 |
Traditional costing system |
| 9 |
19 |
02/11/2023 |
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Traditional costing system |
| 10 |
20 |
07/11/2023 |
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Traditional costing system |
| 10 |
21 |
09/11/2023 |
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Activity based costing |
| 11 |
22 |
14/11/2023 |
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Activity based costing |
| 11 |
23 |
16/11/2023 |
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Summary exercise |
| 12 |
24 |
21/11/2023 |
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Budgeting_part 1 |
| 23 November - no class (Thanksgiving holiday) |
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| 13 |
25 |
28/11/2023 |
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Budgeting_part 2 |
| 13 |
26 |
30/11/2023 |
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Budgeting part 3 and Standard costing |
| 14 |
27 |
05/12/2023 |
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Variance analysis |
| 14 |
28 |
07/12/2023 |
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Revision |
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