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JOHN CABOT UNIVERSITY
COURSE CODE: "FIN 202"
COURSE NAME: "Managerial Accounting"
SEMESTER & YEAR:
Summer Session I 2016
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SYLLABUS
INSTRUCTOR:
Scott Boylan
EMAIL: [email protected]
HOURS:
MTWTH 9:00AM 10:45AM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
Prerequisite: FIN 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:
This is an introductory course on managerial accounting. It assumes you have had an introductory financial accounting course, and are familiar with the basic financial statements (income statement, balance sheet, and cash flow statement), the underlying elements (assets, liabilities, revenues, and expenses), and the basic mechanics of double-entry accounting (debits and credits — and journal entries). Otherwise, no additional accounting experience is required.
Unlike financial accounting, which focuses on providing information to external users, managerial accounting focuses on providing information — internally — to help organizations plan, implement, and monitor their strategies -- and to measure and control their costs. Managers, who are responsible for implementing an organization’s strategy, make a variety of decisions, including pricing decisions, decisions to enter/exit particular markets, product-mix decisions, etc.
In this course, we will learn how to measure the costs and benefits of producing and selling goods and providing services, how to create budgets, and how to use this information to make various decisions and to ievaluate the degree to which past decisions have been successful.
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LEARNING OUTCOMES:
Upon completing this course, you should be able to:
- Measure the costs of providing common types of products and services,
- Create a basic operating budget, and
- Analyze the information in 1 and 2 -- and use it to make decisions and evaluate performance.
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TEXTBOOK:
| Book Title | Author | Publisher | ISBN number | Library Call Number | Comments | Format | Local Bookstore | Online Purchase |
| Horngren's Accounting: The Managerial Chapters | Miller-Nobles, Mattison, and Matsumura | Pearson | 978-1292105871 | | | | | |
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| Exam 1 | Exam will cover chapters 18, 19, and 20. Topics include Introduction to managerial accounting, job costing, and process costing. | 30 |
| Exam 2 | Exam will cover chapters 21, 22, and 23 — Topics include CVP analysis, budgets, and standard costing. | 30 |
| Exam 3 | Exam 3 will cover chapters 24 and 25 — Topics include cost allocation and responsibility accounting, and short-term business decisions. | 30 |
| Homework | I will assign homework exercises throughout the term. I will collect them and grade for effort and completion. | 10 |
-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 ____________
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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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PLANNED COURSE SCHEDULE
SUMMER I 2016
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Date
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Chapter
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Topic(s)
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May 23, 24 (M, T)
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Chapter 18
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Introduction to Managerial Accounting
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May 25, 26 (W, TH)
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Chapter 19
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Job Order Costing
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May 30, 31 (M,T)
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Chapter 20
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Process Costing
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June 1 (W)
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Exam 1
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June 6, 7 (M,T)
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Chapter 21
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Cost-Volume-Profit Analysis
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June 8, 9 (W,TH)
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Chapter 22
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Master Budgets
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June 10, 13 (F, M)
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Chapter 23
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Flexible Budgets and Standard Cost Systems
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June 14 (T)
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Exam 2
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June 15, 16, 20 (W, TH, M)
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Chapter 24
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Cost Allocation and Responsibility Accounting
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June 21, 22 (T, W)
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Chapter 25
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Short-term Business Decisions
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June 23 (TH)
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Review
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June 24 (F)
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Final Exam
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