UNIVERSITY OF MIAMI

ACC212_mht_Syllabus= ToInstructorsFall2008B-MonWed.mht

UNIVERSITY OF MIAMI

ACCOUNTING 21= 2

Introduction = to Managerial Accounting Tentative Subject to Changes

Fall 2008

Instructo= r: &= nbsp;

Email add= ress:

Office: &= nbsp; =

Office Ho= urs:

Phone: &= nbsp;

Fax: &= nbsp; &nbs= p;

Required Textbooks:

Introduction = to Management Accounting – A User Perspective, Second Edit= ion by Michael Werner and Kumen Jones

Course Project:

Building Blocks of Accounting – A Managerial Perspective (I See the Light), by Mark Friedman. This Excel project is available on-line through Cybertext only.&= nbsp; Instructions for downloading the project are available under Course Documents on the course website.

Each student should bring his or her book and a calculator to class each day.

Course Description:

Topics include various product cost= ing techniques, analysis of cost behavior patterns, budgeting, and the use of accounting information to solve problems. The course will be taught from a = managerial perspective. Prerequisite: ACC 211

The course focuses on accounting's role in providing information for management decisions. Management accounting information is prepared exclusively for use by company managers and is intended to help th= em evaluate business situations so they are better prepared to select among decision alternatives. The course includes techniques for planning and controlling business operations in order to achieve company goals.
Learning Objectives:

1.&= nbsp; Comprehend management accounting’s role in business and the differences between = management and financial accounting.

2. Identify the basic concepts of various cost classifications, cost behavior, and allocation methodologies and then demonstrate how they are used to make business decisions.

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3. Demonstrate the usefulness of budgeting, standard costing, and variance analysis for management decision making.

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4. Leverage technology through the use of Excel to perf= orm various management accounting calculations.

5. Appreciate the obligations of= an accounting professional.

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6. Calculate the cost of products using job order and process costing and prepare appropriate general journal entries.

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Course Website:

A websit= e is established for each course in Blackboard. All students registered for the course can access the course’s website at:= www.miami.edu/blackboard. Your Blackboard User Name is your UM Email Alias and your initial password = is your birth date. (You can find your UM Email Alias on MyUM at www.miami.edu/myum.) The Blackboard site includes a course syllabus, important announcements, assignments, PowerPoint slides, and any other relevant course information. = Note that copies of PowerPoint slides will not be distributed in class; please download these prior to class.

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IMPORTANT COURSE POLICIES

Academic Integrity

Academic dishonesty in any form is not tolerated. This policy is required to encourage consistent ethical behavior among students and to foster a climate of fair competition. Personal integr= ity is a quality that is expected and respected at the <= st1:PlaceType w:st=3D"on">University of Miami= . Consequently, the Undergraduate Student Honor Code is in force at all times. Students are responsible for reading, understanding, and upholding the Honor Code which is available from the Office of the Dean of Students.=

Attendanc= e:

Each student is required to attend every class and attendance will be part of the grade. Faculty will excuse absences only in cases of documented serious illness, religious observance, civic obligation, or participation in an activity approved by the Academic Deans Policy Council. Otherwise, your attendance is expected. If you will miss class for religious observance or a civic obligation, you must inform your instructor at least one week in adva= nce. Any other absences such as absences for work related travel, or family emer= gency may be excused at the discretion of the faculty upon receiving supporting documentation. It is the student’s responsibility to contact the instructor within one week after any unanticipated absence.

Preparati= on and Class Participation:

The Department believes that the student’s presence and participation in class are essential elements of the learning experience. The value of the course lies in preparing for, listening to, and participating in the class discussion. It is impossible for a student to make up a missed class by sim= ply analyzing the readings or getting the notes for the day. Therefore, it is expected that you will attend every class, arriving on time, = so that we may start promptly.

Students may enter class late only if given permission by the instructor and only if they can do so without disrupting the class. In addition,=

·= ; = Students may not leave and re-enter the class once class has started except by permission from the instructor and only if they can do so without disrupting the class.

·= ; = Arriving late or leaving class early will ha= ve impact on the course grade as determined by the instructor.

Please note that instructors are not obligated to admit late students or may choos= e to admit them only at specific times and instructors are not obligated to read= mit students who leave class.

While no specific percentage of your grade is allocated exclusively to “participation,” the lack of meaningful class participation may result in the lowering of your final grade.

General Behavior:

Students will conduct themselves with respect and professionalism toward faculty, students, and others present in class and will follow the rules prescribed = by the instructor for classroom behavior. Students who fail to do so may be as= ked to leave the classroom with a grade penalty.

Late Subm= ission of Assignments:

Late assignments will either not be acc= epted or will incur a grade penalty unless they are due to documented serious illness or a family emergency. Instructors will make exceptions to this policy for reasons of relig= ious observance or civic obligation, only when the assignment cannot reasonably = be completed prior to the due date and the student makes arrangements for late submission with the instructor in advance.

Collabora= tion on Graded Assignments:

Students may not work together on graded assignments unless the instructor gives exp= ress permission or unless explicitly indicated on the course syllabus.

Dropping = the Course:

The policy for withdrawing from a course is dictated by the University. Any stu= dent who has not dropped by the official date will receive a grade for the cours= e. The last day to drop a course for this semester is October 31. If you wish to withdraw from the course= , you must officially drop the course. If you just stop attending class, you will receive a failing grade.

Incomplet= es:

The Incomplete (I) grade will be recorded only when a student is unable to comp= lete the course for a verifiable non-academic reason (such as an accident or ill= ness that confines the student to the hospital). An Incomplete (I) will not be given when a student is failing the course or when a student wishes to repeat the course. Both the professor and the Department Chair must approve= all incomplete grades in advance.

Extra Cre= dit:

The University of Miami has a strict policy prohibit= ing extra credit assignments being offered to individual students. If extra cre= dit assignments are made available to one student, they must be made available = to all students and all students so informed. Consequently, there will be no extra credit assignments in this course.

Use of Calculators During Exams:

Each student is encouraged to have hi= s or her own calculator to use during exams. Sharing of calculators during exams= is not permitted because it is an imposition to the student who brought the calculator and a possible source of cheating. Students are not permitted to= use programmable calculators during exams. The use of any calculator capable of recalling information such as names, phone numbers, equations, or other user-entered information will be considered cheating. It is highly recommen= ded that students obtain a Texas Instruments Business Analyst II Plus (the TI B= A II Plus) calculator for this course. The TI BA II Plus can perform the complex present value calculations for this course and it is the required calculator for U= niversity of Miami finance courses. As mentioned earlier= , the TI BA II Plus has suggested retail price of $45 and generally sells for bet= ween $30 and $40. It is available = at the University of Miami Bookstore for $39.99. <= /o:p>

The following calculators are also acceptable:= the TI-36X (about $20),= the TI-30X IIS (about $15), or the TI-30X (about $10). Graphing calculators and other multi-line display calculators as well as calculators capable of recalling information are specifically not permitted during exams. Cell phones, smartphones, PD= As, computers or other electronic devices cannot be used during exams as a calculator.

Cell phon= es:

Before you enter the classroom, please turn off and put away your cell phone (and anything else that may beep or ring). Laptops, Smartphones, PDAs and Other Electronic Devices (such as recording equipment= ) may not be used during class except at the express discretion of the instructor.

Email:

When sending me an email message, please make use of the subject line to summari= ze your message and include the course number and section. Please also make su= re that your real name is included somewhere in your email messages. I will use the email address you have listed in Blackboard (the one you registered thr= ough MyUM) to contact you, including any important announcements. So it is impor= tant to make sure that your email account listed with MyUM is<= /p>

up-to-date.

Accessibi= lity Resources:

Reasonable accommodations will be provided by the instructor or through the Office of Disabilities for students who have a documented disability and are register= ed with the Office of Disabilities. Accommodations will not be made for studen= ts who are not registered or who do not present the required letter. The ac= commodations letter must be presented to the instructor at the beginning of the semester= , during office hours, and a minimum of two weeks prior to the desired= use of the accommodation. The instructor will then work with the Office of Disabilities to determine the best way to accommodate the student for that course. Students should not assume that they will be accommodated in exactly the same manner for every course. It is the responsibility of the student to contact this instructor to coordinate the details of all accommodations. Students may speak with the instructor or contact Accessibility Resources a= t (305) 284-2374 for more information about receiving classroom accommodations.

EVALUATION CRITERIA

Project:<= /p>

Students are required to complete a structured computer-based proje= ct that covers many of the topics presented in class and in the text. Completi= on of this project will help students prepare for the final exam. Different parts of the Cybertext pr= oject should be completed as suggested.

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Exams:

There will be= two unit exams. Each unit exam accounts for 25% of the final grade. There is a cumulative final exam. All reading material, unless specifically excluded, = may be included on the exams. Although exam dates are listed on the syllabus, y= our instructor may find it necessary to reschedule one or all of the unit exams= .

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The final exa= m is a cumulative exam prepared and administered by your instructor. You must take= the final exam during the time slot designated by the University for your Secti= on. If your end-of-semester plans do not permit you to take the final exam at the scheduled time, please switch to another section that will better accommoda= te your situation.

Grading:

&n= bsp; Unit Exam 1 = &nb= sp; = &nb= sp; = 25%

Unit= Exam 2 = &nb= sp; = &nb= sp; = 25%

Cumulative = final exam &nb= sp; = &nb= sp; = 30%

&n= bsp; Building Blocks project = ; &n= bsp; = ; <= /span> 10%

&n= bsp; Class participation, Cybertext Question 4.01,

graded by Cybertext, attendance, quizzes,

and instructor’s discretion <= /span>` &= nbsp; &= nbsp; &nbs= p; 10%

&n= bsp; Total &= nbsp; = &nb= sp; = &nb= sp; = 100%

Grade &nb= sp; = A+ A = A– B+ B = B– C+ C C– D F

Quality points = 4.0 4.0 3.7 3.3 3.0 2.7 2.3 2.0 1.7 1.0 0.0 =

In order to r= eceive full credit for the class participation and attendance points, students must submit a hardcopy of their Cybertext grade sheet (graded by Cybertext) show= ing the correct response to Question 4.01 by the end of the second week of clas= s. Students failing to meet this requirement will lose 3 of the 10 percentage points awarded for class participation and attendance.

Make-up Policy:

No make-up exams will be given during the term. If your instructor determines that you have a valid reason (documented illness, doc= umented major family circumstances, etc.) your cumulative final exam will be weight= ed more heavily. (Note that no guarantees are provided.)

If you are go= ing to miss an exam, you must contact your instructor prior to the exam to avoid receiving zero points for the exam. You should contact your instructor by e= mail regarding examination difficulties. Contacting your instructor by phone, ph= one message, or casual discussions before or after class does not constitute pr= oper notification. Notification must be documented by email correspondence

Miscellaneous:

Please note t= hat proper rounding is critically important with respect to the Cybertext proje= ct. Your Cybertext grade sheet will indicate improper rounding by highlighting = the cells next to the improperly rounded responses in orange. If you use Excel functions to calculate answers, you must do it so Excel rounds to the speci= fied number of decimal places. For example, if you are dividing Cell C3 by C5 and want the result to be rounded to 7 decimal places, the following format wou= ld work: =3Dround(C3/C5,7)<= /o:p>

Study-guide and Suggested Web Site:

Visit the Prentice Hall web site at www.prenhall.com/werner and test your knowledge of chapter learning objectives. Select Introduction to Accounting – A User Perspective, Second Edition by Werner/Jones. The last 11 Chapters of this selection are = for your management accounting text.

(The first 11 Chapters cover financial accounting.)<= o:p>

Accounting Lab:

The Accounting Lab is located in ro= om 303 of the Kosar Epstein Wing of the School of Business Building. Graduate assistants and sometimes members of Beta Alpha Psi, the accounting honor fraternity, are available to help you.

Tutoring:=

Students may request tutoring through the Academic Tutor Program Development Center located in room N201 at t= he Whiten University Center. Students do not need authorization from their professor and should call 305-284-2800 for an appointment.

Cybertext Project Due Dates

Your instructor may establish due dates for the vari= ous sections of the Cybertext project.=

Schedule of Assignments<= /span>

Accounting 212 Meeting on Mondays and Wednesdays

Additional Pr= oblems May be Assigned in Class

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Date	Topic	Reading=	Problems
8/27	Manage= ment Accounting	Chapte= r 1	1-14
9/1	Contin= ue	&= nbsp;	&= nbsp;
9/3	Classi= fying Costs	Chapte= r 2	2-15, = 17, 34, 38, 41
9/8	Contin= ue *(Hardcopy of Cybertext Question 4.01due)*	&= nbsp;	&= nbsp;
9/10	Contin= ue	&= nbsp;	&= nbsp;
9/15	Determ= ining Costs of Products	Chapte= r 3	3-5, 7= , 12, 20, 38, 41
9/17	Contin= ue	&= nbsp;	Journal Entries 3-8 *Project: Parts 4 and 5=*
9/22	Overhead Allocation and Activity Based Costing	Chapte= r 4	4-5, 7= , 9, 11
9/24	Contin= ue	&= nbsp;	&= nbsp;
9/29	EXAM 1	&= nbsp;	&= nbsp;
10/1	Cost B= ehavior	Chapte= r 5	5-22, = 30, 36, 37, 38, 39, 42, 49
10/6	Continue	&= nbsp;	*Project: Parts 1 and 2=*
10/8	Business Decisions – Cost Behavior	Chapte= r 6	6-15, = 18, 31, 37, 40, 44
10/13<= o:p>	Business Decisions – Cost Behavior (cont’d)*<= /o:p>* *&n= bsp;*	&= nbsp;	&= nbsp;
10/15<= o:p>	*Work on project*	&= nbsp;	*Project: Parts 1, 2, 4, and 5 sho= uld be completed.*
10/20<= o:p>	Decisions Using Relevant Information	Chapte= r 7	7-20, = 24, 32, 46, 47, 48
10/22<= o:p>	Continue	&= nbsp;	&= nbsp;
10/27<= o:p>	Continue	&= nbsp;	&= nbsp;
10/29<= o:p>	Evaluating Capital Expenditures<= span style=3D'font-family:"Times New Roman"'>	Chapte= r 8	8-17, 34, 40, 42, 46, 49, 54
11/3	Contin= ue	&= nbsp;	*= Project: Part 7*<= /o:p>
11/5	EXAM 2	&= nbsp;	&= nbsp;
11/10<= o:p>	The Operating Budget	Chapte= r 9	9-23, = 25, 32, 35, 62
11/12<= o:p>	Continue	&= nbsp;	*Project: Part 3=*
11/17<= o:p>	Continue	&= nbsp;
11/19<= o:p>	Standard Co= sting	Chapte= r 10	10-20,= 30, 36, 44, 54, 66
11/24<= o:p>	Continue<= /b>	&= nbsp;	*Project: Part 6=*
11/26<= o:p>	Project is due at 11:59pm.	&= nbsp;	&= nbsp;
11/26<= o:p>	Evaluating performance	Chapte= r 11	11-19,= 28, 34, 37, 40, 41
12/1	Continue	&= nbsp;	&= nbsp;
12/3	Continue	&= nbsp;	&= nbsp;
&= nbsp;	Final Exam per Final Exam Schedule	&= nbsp;	&= nbsp;

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Other im= portant dates:

October 17 – Fall recess

November 3 – Last day to drop a course

December 5 – Classes end

FINAL EXAMINATION SCHEDULE

FALL Semester, 2008

Examinations will take place in the rooms in which the individual classes have been

meeting, UNLESS otherwise announce= d.

A course or section having TWO (2) section letters (AB, AN, NX, etc.) will have its Final

Examination on the day and at the = time for the FIRST letter.

A course or section having a NUMBER/LETTER section designator (2A, 2N, etc.)

will have its Final Examination on= the day and at the time for the LETTER.

FINAL EXAMINATION POLICY

• Final Examinations may not= be given during a regularly-scheduled class period.

• No examination shall be permitted during the reading period.

• Final Examinations may be = rescheduled only with the permission of the dean.

• No student shall be requir= ed to take more than two final examinations on one

day. A student having three or more final examinations scheduled during one day

may request the instructor of the course with the smallest enrollment to

reschedule the examination for that individual. The request shall be made no

later than two weeks before the la= st class day.

• A student who has a confli= ct between a final examination and a religious

observation may request that the instructor reschedule that student’s

examination. The request shall be = made no later than two weeks before the last

class day.

• For the resolution of any problem pertaining to the scheduling of final

examinations, students should first consult their instructor. If the matter cannot be

resolved, the student should contact the Ombudsperson.

DEFAULT POLICIES FOR U= NIVERSITY OF MIAMI

School of Business Administration Classroom Conduct

The follo= wing are policies students should assume are in force in the School of Business Administration courses, unless their instruct= ors explicitly establish alternate policies.

Laptops, = Cell Phones, Smartphones, PDAs and Other Electronic Devices (such as recording equipment) may not be used during class except at the express discretion of the instructor.

Attendanc= e

Each student is required to attend every class and attendance will be part of the grade. Faculty will excuse absences only in cases of documented serious illness, religious observance, civic obligation or participation in an acti= vity approved by the Academic Deans Policy Council. Otherwise your attendance is expected. If you will miss class for religious observance or a civic obligation, you must inform your instructor at least one week in advance. A= ny other absences such as absences for work related travel, or family emergency may be excused at the discretion of the faculty upon receiving supporting documentation. It is the student’s responsibility to contact the instructor within one week after any unanticipated absence. Instructors and administrators shall endeavor not to schedule any examination or other grad= ed class event on a major religious holy day.

Arriving = Late, Leaving Early, Coming & Going

Classes start on time and students must arrive to class on time and stay to the end= of the class period. Students may enter class late only if given permission by= the instructor and only if they can do so without disrupting the class. In addition,

·= ; = Students may not leave and re-enter the class once class has started except by permission from the instructor and only if they can do so without disrupting the class.

·= ; = Arriving late or leaving class early will ha= ve impact on the course grade as determined by the instructor.

Please note that instructors are not obligated to admit late students or may choos= e to admit them only at specific times and instructors are not obligated to read= mit students who leave class.

Late Subm= ission of Assignments

Late assignments will either not be accepted or will incur a grade penalty unles= s they are due to documented serious illness or a family emergency. Instructors will make exceptions t= o this policy for reasons of religious observance or civic obligation, only when t= he assignment cannot reasonably be completed prior to the due date and the stu= dent makes arrangements for late submission with the instructor in advance.=

General Behavior=

Students will conduct themselves with respect and professionalism toward faculty, students, and others present in class and will follow the rules prescribed = by the instructor for classroom behavior.&nbs= p; Students who fail to do so may be asked to leave the classroom with a grade penalty.

Collabora= tion on Graded Assignments

Students may not work together on graded assignments unless the instructor gives exp= ress permission or unless explicitly indicated on the course syllabus.

Endorsed = by Vice Deans and by Department Chairs