Course Syllabus

JOHN CABOT UNIVERSITY

COURSE CODE: "FIN 202-3"
COURSE NAME: "Managerial Accounting"
SEMESTER & YEAR: Spring Semester 2012

SYLLABUS

INSTRUCTOR: Pulino Silvia
EMAIL: [email protected]
HOURS: MW 10:00-11:15
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisite: FIN 201
OFFICE HOURS: MT 2-4pm or by appointment

COURSE DESCRIPTION:

This course is intended to provide an introduction to how accounting fits into the management process and decision making. Cost-volume relations and costs relevant to management are examined. Process costing and job costing are discussed. Master budgets, flexible budgets and responsibility accounting will be covered.

Pre-requisite: FIN 201 Financial Accounting.

SUMMARY OF COURSE CONTENT:
Introduction. The Statement of Cash Flows. Financial Statement Analysis. Job Costing. Process Costing. Cost-Volume-Profit Analysis. The Master Budget and Responsibility Accounting. Flexible Budgets and Standard Costs. Activity-Based Costing. Special Business Decisions and Capital Budgeting.

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 Title	Author	Publisher	ISBN number	Library Call Number	Comments	Format	Local Bookstore	Online Purchase
Accounting	Horngren, Harrison, Bamber	Prentice Hall.	9870136093428		If possible, I would prefer orders to be placed with Not The Corner Book Store

REQUIRED RESERVED READING:

NONE

RECOMMENDED RESERVED READING:

NONE

GRADING POLICY
-ASSESSMENT METHODS:

Assignment	Guidelines	Weight
Class Participation		10%
Group Project		30%
Mid-term Exam		30%
Comprehensive Final Exam		30%

-ASSESSMENT CRITERIA:

Assessment Guidelines for assigning main letter grades: A, B, C,D, and F.

A: Work of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensiveknowledge 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.

B: This 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.

C: This is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.

D: This 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.

F: This 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.

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

Class

Topic / Class

Readings and Assignments

Introduction to Management Accounting

Lecture

Introduction to Management Accounting

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Read “Introduction to Management Accounting” and be prepared to summarize the main ideas in class (see below for details)

Submit Memo regarding Group composition (see below for details)

The Statement of Cash Flows

Lecture

Read “The Statement of Cash Flows” and be ready to summarize the main ideas in class

Assignments Chapter 19 (Introduction to Management Accounting):

- Problems 3A, 4A, 6A, 8A

- Decision case 1

- Ethical issue (see below for details)

- Quiz (see below for details)

The Statement of Cash Flows

Lecture

The Statement of Cash Flows

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “The Statement of Cash Flows”, to be delivered orally (see below for details)

Financial Statement Analysis

Lecture

Read “Financial Statement Analysis” and be prepared to summarize the main ideas in class

Assignments Chapter 17 (Statement of Cash Flows):

- Problems 2A, 3A, 5A, 6A, 9A

- Decision case 1

- Ethical issue

- Quiz

Financial Statement Analysis

Lecture

Financial Statement Analysis

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Financial Statement Analysis”, to be delivered orally

Job Costing

Lecture

Read “Job Costing” and be prepared to summarize the main ideas in class

Assignments Chapter 18 (Financial Statement Analysis):

- Problems 1A, 2A, 3A, 4A, 6A

- Comprehensive problem for ch. 17 & 18 (p.747)

- Ethical issue

Job Costing

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Job Costing”, to be delivered orally

Process Costing

Lecture

Read “Process Costing” and be prepared to summarize the main ideas in class

Assignments Chapter 20 (Job Costing):

- Problems 1A, 3A, 5A, 6A

- Decision case 1

- Quiz

Process Costing

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Process Costing”, to be delivered orally

Mid-term review

Review all units covered to date, from Introduction to Managerial Accounting to Process Costing included.

Assignments Chapter 21 (Process Costing):

- Problems 3A, 4A, 5A, 6A

- Decision case 1

- Quiz

MID-TERM EXAM

You may bring your calculator and the formulae sheet provided by the instructor to the exam.

Review:

- Introduction to Managerial Accounting

- Statement of Cash Flows

- Financial Statement Analysis

- Job Costing

- Process Costing

Cost-Volume-Profit Analysis

Lecture

Read “Cost-Volume-Profit Analysis” and be prepared to summarize the main ideas in class

Cost-Volume-Profit Analysis

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Cost-Volume-Profit Analysis”, to be delivered orally

The Master Budget and Responsibility Accounting

Lecture

Read “The Master Budget” and be prepared to summarize the main ideas in class

Chapter 23, the Master Budget and Responsibility Accounting

Lecture

Assignments Chapter 22 (Cost-Volume-Profit Analysis)

- Problems 1A, 2A,3A, 4A, 6A

- Decision case 1

- Ethical issue

- Quiz

The Master Budget and Responsibility Accounting

Lecture

The Master Budget and Responsibility Accounting

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “The Master Budget”, to be delivered orally

Flexible Budgets and Standard Costs

Lecture

Read “Flexible Budgets and Standard Costs” and be prepared to summarize the main ideas in class

Assignments Chapter 23 (The Master Budget):

- Problems 3A, 4A

- Excel model

- Decision case 1

- Quiz

Flexible Budgets and Standard Costs

Lecture

Chapter 24, Flexible Budgets and Standard Costs

Lecture

Flexible Budgets and Standard Costs

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Flexible Budgets and Standard Costs”, to be delivered orally

Activity-Based Costing and Other Cost Management Tools

Lecture

Read “Activity-Based Costing” and be prepared to summarize the main ideas in class

Assignments Chapter 24 (Flexible Budgets and Standard Costs):

- Problems 3A, 5A, 6A

- Decision Cases 1 and 2

- Quiz

Activity-Based Costing and Other Cost Management Tools

Lecture

Activity-Based Costing and Other Cost Management Tools

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Activity-Based Costing”, to be delivered orally

Review: Chapter 25

Special Business Decisions and Capital Budgeting

Lecture

Read “Special Business Decisions and Capital Budgeting” and be prepared to summarize the main ideas in class

Assignments Chapter 25 (ABC costing):

- Problems 1A, 2A, 3A, 4A, 6A

- Decision case 1

- Team project (p. 1076)

- Quiz

Special Business Decisions and Capital Budgeting

In-class problems: BRING HANDOUT AND CALCULATOR TO CLASS

Prepare a review of “Special Business Decisions and Capital Budgeting”, to be delivered orally

Comprehensive review

Assignments Chapter 26 (Special Business Decisions and Capital Budgeting):

- Problems 1A, 2A, 3A, 4A, 5A

- Group Work Reflection Paper (see “Group Work Assessment” above)

FINAL EXAM

You may bring your calculator and the formulae sheet provided by the instructor to the exam