ACCOUNTING
212
Introduction
to Managerial Accounting
Spring
2009
Dr. A. Rush, Ph.D,. (305)666-7890
MW 6:30-7:30 PM+Appointment MM212 arush@miami.edu
TABLE
OF CONTENTS:
Study-guide and Suggested Web Site
Collaboration
on Graded Assignments
Preparation
and Class Participation
Late
Submission of Assignments
ACCOUNTING
212
Introduction
to Managerial Accounting
Spring
2009
Instructor:
Email
address:
Office:
Office
Hours:
Phone:
Fax:
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 them 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.
Topics include various product
costing 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
1. 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.
3. Demonstrate the usefulness of budgeting, standard costing, and
variance analysis for management decision making.
4. Leverage technology through the use of Excel to perform various
management accounting calculations.
5. Appreciate the obligations of an accounting
professional.
6. Calculate the cost of products using job order and process costing
and prepare appropriate general journal entries.
Introduction
to Management Accounting – A User Perspective, Second Edition by Michael
Werner and Kumen Jones
Introduction to Process Costing – Using the Weighted
Average Method, by Michael Werner and Fuyuan Xu. This free supplement is available on the
course website in the Course Documents section.
Building Blocks of Accounting – A Managerial Perspective (I See
the Light), by Mark Friedman. This Excel project is available on-line
through Cybertext only. Instructions for
downloading the project are available under Course Documents on the course
website.
Each student must have his or her
own working calculator to use during exams.
Highly
recommended calculator:
Acceptable
calculators: A calculator equivalent to the TI BA II Plus
or any simple calculator capable of addition, subtraction, multiplication, and
division
Unacceptable
calculators: Graphing calculators and other multi-line
display calculators as well as calculators capable of storing or recalling
information are specifically not permitted during exams. Cell phones, smartphones, PDAs, computers or
other electronic devices cannot be used during exams as a calculator.
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 recommended
that students obtain a Texas Instruments Business Analyst II Plus (the TI BA 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
Each student should bring his or her book and a
calculator to class each day.
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. There are no make up exams unless specifically
approved by your instructor. Although
exam dates are listed on the syllabus, your instructor may find it necessary to
reschedule one or all of the unit exams.
Final exam – The final exam 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 Section. 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 accommodate your
situation.
Make-up
policy – Make-up policy for the course is at your
instructor’s discretion. Generally, no make-up exams are given during
the term. At the discretion of your
instructor, if you have a valid reason (documented illness, documented major
family circumstances, etc.) the cumulative final exam may be weighted more
heavily. Note that no guarantees are provided and make ups are at the
discretion of your instructor.
If you are
going 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
email regarding examination difficulties. Contacting your instructor by phone,
phone message, or casual discussions before or after class does not constitute
proper notification. Notification must be documented by email correspondence
Students are required to complete a structured
computer-based project that covers many of the topics presented in class and in
the text. Completion of this project will help students prepare for the final
exam. The various parts of the
Cybertext project should be completed according to the due dates established by
your instructor..
In order to
receive full credit for the class participation and attendance points, students
must submit a hardcopy of their Cybertext grade sheet (graded by Cybertext)
showing the correct response to Question 4.01 by the end of the second week of
class. Students failing to meet this requirement will lose 3 of the 10
percentage points awarded for class participation and attendance.
Please note
that proper rounding is critically important with respect to the Cybertext
project. 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 specified 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 would work: =round(C3/C5,7)
Your instructor may establish due dates for the various
sections of the Cybertext project.
Unit Exam 1 25%
Unit Exam 2 25%
Cumulative final exam 30%
Building Blocks project 10%
Class participation,
Cybertext Question 4.01,
graded by Cybertext, attendance, quizzes,
and instructor’s discretion 10%
Total 100%
A
website 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 course
Blackboard site includes solutions to all homework problems, the course
syllabus, important announcements, PowerPoint slides, and other relevant course
information.
When
sending an email message to your instructor, please make use of the subject
line to summarize your message and include the course number and section.
Please also make sure that your real name is included somewhere in your email
messages. You instructor will use the email address you have listed in
Blackboard (the one you registered through MyUM) to contact you with important information
and announcements. Therefore, it is important that you make sure that the email
address you listed with MyUM is current.
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.)
The Accounting Lab is located in
room 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.
Students may request tutoring through the
Before
you enter the classroom, please turn off and put away your cell phone and
anything else that may beep or ring. Use of cell phones or text messaging
during class is not permitted. 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.
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
integrity is a quality that is expected and respected at the
Collaboration
on Graded Assignments:
Students
may not work together on graded assignments unless the instructor gives express
permission or unless explicitly indicated on the course syllabus.
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 advance.
Any 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.
Preparation
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 simply 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 have impact on the course grade as determined
by the instructor.
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 asked
to leave the classroom with a grade penalty.
Late
Submission of Assignments:
Late
assignments will either not be accepted
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 religious
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.
The
policy for withdrawing from a course is dictated by the University. Any student
who has not dropped by the official date will receive a grade for the course.
The last day to drop a course for this semester is April 6. 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.
The
Incomplete (I) grade will be recorded only when a student is unable to complete
the course for a verifiable non-academic reason (such as an accident or illness
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.
The
Reasonable
accommodations will be provided by the instructor or through the Office of
Disabilities for students who have a documented disability and are registered
with the Office of Disabilities. Accommodations will not be made for students
who are not registered or who do not present the required letter. The
accommodations 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 at
ACC 212 Spring 2009 Monday/Wednesday
Date Chapter Description Assignments
01-21-09 1 Management
Accounting
01-26-09 1 Management
Accounting 1-14
01-28-09 2 Classifying
Costs 2-15,
17, 34, 38, 41
02-02-09 2 Classifying
Costs
02-02-09 Hardcopy
of Cybertext Question 4.01 Due
02-04-09 3 Determining the Cost of Products 3-5, 7, 12, 20, 38, 41
02-09-09 3 Determining the Cost of Products Journal Entries 3-8
02-11-09 3 Process Costing 3-38, 41 from the
text and
02-16-09 3 Process Costing PC5, PC 7, PC11
from the
Process
Costing Supplement
02-18-09 4 Overhead Allocation and Activity Based
Costing 4-5, 7, 9. 11
02-23-09 4 Overhead Allocation and Activity Based
Costing
02-25-09 Unit
Exam 1
03-02-09 5 Cost Behavior 5-22, 30, 36,
37, 38, 39, 42, 49
03-04-09 5 Cost Behavior
03-09-09 6 Business Decisions-Cost Behavior 6-15, 18, 31, 37, 40,
44
03-11-09 6 Business Decisions-Cost Behavior
03-23-09 7 Decisions Using Relevant Information 7-20, 24, 32, 46, 47, 48
03-25-09 7 Decisions Using Relevant Information
03-30-09 8 Evaluating Capital Expenditures 8-17, 34, 40, 42,
46, 49, 54
04-01-09 8 Evaluating Capital Expenditures
04-06-09 Unit
Exam 2
04-08-09 9 The Operating Budget 9-23,
25, 32, 35, 62
04-13-09 9 The Operating Budget
04-15-09 9 The Operating Budget
04-20-09 10 Standard Costing 10-20, 30, 36, 44,
54, 66
04-22-09 10 Standard Costing
04-27-09 11 Evaluating Performance 11-19,
28, 34, 37, 40, 41
04-29-09 11 Evaluating Performance
Other Important Dates:
01-19-09 Holiday -
Martin Luther King Day
01-20-09 Classes
Begin
03-14-09 to 03-22-09 Spring Recess
04-06-09 Last Day
to Drop a Course
05-01-09 Classes
End
05-02-09 to 05-05-09
04-06-09 to 05-13-09 Final Exam Days All Courses
ACC 212 Spring 2009 Monday/Wednesday/Friday
Date Chapter Description Assignments
01-21-09 1 Management
Accounting
01-23-09 1 Management
Accounting 1-14
01-26-09 2 Classifying
Costs 2-15,
34, 38, 41
01-28-09 2 Classifying
Costs
01-30-09 2 Classifying
Costs
01-30-09 Hardcopy
of Cybertext Question 4.01 Due
02-02-09 3 Determining the Cost of Products 3-5, 7, 12, 20, 38, 41
02-04-09 3 Determining the Cost of Products Journal Entries 3-8
02-06-09 3 Determining the Cost of Products
02-09-09 3 Process Costing 3-38, 41 from the
text and
02-11-09 3 Process Costing PC5, PC 7, PC11
from the
Process
Costing Supplement
02-13-09 4 Overhead Allocation and Activity Based
Costing 4-5, 7, 9, 11
02-16-09 4 Overhead Allocation and Activity Based
Costing
02-18-09 4 Overhead Allocation and Activity Based
Costing
02-20-09 Unit
Exam 1
02-23-09 5 Cost Behavior 5-22, 30, 36,
37, 38, 39, 42, 49
02-25-09 5 Cost Behavior
02-27-09 5 Cost Behavior
03-02-09 6 Business Decisions-Cost Behavior 6-15, 18, 31, 37, 40,
44
03-04-09 6 Business Decisions-Cost Behavior
03-06-09 6 Business Decisions-Cost Behavior
03-09-09 6 Business Decisions-Cost Behavior
03-11-09 7 Decisions Using Relevant Information 7-20, 24, 32, 46, 47, 48
03-13-09 7 Decisions Using Relevant Information
03-23-09 7 Decisions Using Relevant Information
03-25-09 8 Evaluating Capital Expenditures 8-17, 34, 40, 42,
46, 49, 54
03-27-09 8 Evaluating Capital Expenditures
03-30-09 8 Evaluating Capital Expenditures
04-01-09 8 Evaluating Capital Expenditures
04-03-09 Unit
Exam 2
04-06-09 9 The Operating Budget 9-23,
25, 32, 35, 62
04-08-09 9 The Operating Budget
04-10-09 9 The Operating Budget
04-03-09 9 The Operating Budget
ACC 212 Spring
2009 Monday/Wednesday/Friday
Date Chapter Description Assignments
04-15-09 10 Standard Costing 10-20, 30, 36, 44,
54, 66
04-17-09 10 Standard Costing
04-20-09 10 Standard Costing
04-22-09 10 Standard Costing
04-24-09 11 Evaluating Performance 11-19,
28, 34, 37, 40, 41
04-27-09 11 Evaluating Performance
04-29-09 11 Evaluating Performance
05-01-09 Review
Other Important Dates:
01-19-09 Holiday -
Martin Luther King Day
01-20-09 Classes
Begin
03-14-09 to 03-22-09 Spring Recess
04-06-09 Last Day
to Drop a Course
05-01-09 Classes
End
05-02-09 to 05-05-09
04-06-09 to 05-13-09 Final Exam Days All Courses
(Note: This page should be on
file at the Department of Accounting and is not intended for distribution to
students.)
ACCOUNTING
212
Managerial
Accounting
Spring
2009
Course Objectives and Assessments
|
Learning
Objectives |
Assessments |
|
Comprehend management accounting’s role in business and the differences between management and financial accounting. |
· Performance on examinations · Attendance
and class participation |
|
Identify the basic concepts of various cost classifications, cost behavior, and allocation methodologies and then demonstrate how they are used to make business decisions. |
· Performance on examinations · Performance on Building Blocks of Accounting · Attendance
and class participation |
|
Calculate
the cost of products using job order and process costing and prepare
appropriate general journal entries. |
· Performance on examinations · Performance on Building Blocks of Accounting · Attendance
and class participation |
|
Demonstrate the usefulness of budgeting, standard costing, and variance analysis for management decision making. |
· Performance on examinations · Performance on Building Blocks of Accounting · Attendance
and class participation |
|
Leverage technology through the use of Excel to perform various management accounting calculations. |
· Performance on Building Blocks of Accounting |