ACC 1110 D01 (3CH) INTRODUCTORY MANAGERIAL ACCOUNTING

FALL 2019 Online Distance Education

CONTENTS CONTENTS ............................................................. 1

INSTRUCTOR ......................................................... 1

COURSE DESCRIPTION........................................... 1

COURSE OBJECTIVES ............................................. 2

COURSE MATERIALS .............................................. 2

ASSESSMENT OF LEARNING .................................. 3

COURSE CONDUCT ................................................ 4

MISSED EXAM AND LATE SUBMISSION POLICY .... 4

ATTENDANCE POLICY ............................................ 5

ELECTRONIC DEVICE POLICY ................................. 5

OUT-OF-CLASS COMMUNICATION ....................... 5

TENTATIVE CLASS SCHEDULE ................................ 5

IMPORTANT DATES ............................................... 9

INTENDED LEARNING OUTCOMES ...................... 10

ACADEMIC INTEGRITY POLICY ............................ 11

STUDENT SERVICES AND SUPPORTS ................... 11

INSTRUCTOR Name: Alexandra McMullen, CPA, CA Office: 357 Drake Centre Email: alexandra.mcmullen@umanitoba.ca Office hours: Tue/Wed 9.45-10.45 am and by appointment COURSE DESCRIPTION Role of accounting in creation and application of business information used by decision-makers in the management of enterprise. This first course in managerial accounting introduces students to the use of accounting information for internal management decision-making. The internal user focus is a notable contrast to the emphasis in financial accounting of reporting the results of a company’s operations to external users. The course is designed from the perspective of the general manager, and its primary purpose is to develop the ability to use rather than to prepare accounting information. Specifically, this course should help you to

Apply basic cost concepts to develop costing systems that will determine the cost of a company’s products or services. Accurate cost data is an essential prerequisite for proper managerial decision-making.

Apply management accounting concepts and techniques in order to make wise choices between competing alternatives. This requires the ability to extract relevant information from accounting

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records, reports or statements, and to properly use this information.

Explain management control systems and utilize these concepts in evaluating the performance of managers, products, or economic units.

COURSE OBJECTIVES

The course will also address the following learning goals:

Ethics: students will be exposed to ethical situations in assigned homework questions and classroom discussions

Communications: students will be encouraged to participate in classroom discussions and will be evaluated on written communication on examination papers.

Quantitative methods: students will develop skills in basic quantitative analyses in assignment homework questions and classroom activities

Critical thinking: students will be expected to determine which decision analyses are required in various situations, the underlying assumptions and limitations of the analyses, and what additional information should be considered.

COURSE MATERIALS 1) Garrison et al. Managerial Accounting, Eleventh Canadian Edition (11th CE), McGraw Hill Ryerson: Garrison 11th CE print book with Connect ISBN = 9781260193770 or Garrison 11th CE Connect + eBook ISBN = 9781260193749

Do not throw away the Connect access code card included in the 11th CE that comes with your new textbook. You need it to access the Connect site for assignments, e-book videos, and other resources. If you had purchased a copy of the new 11th edition prior term, the access code came with the text should be valid.

2) McGraw Hill Connect Section: ACC 1110 Fall 2019, McMullen Course Name: Garrison 11th Edition with LearnSmart Instructor: Alexandra McMullen

Connect Site: https://connect.mheducation.com/class/a-mcmullen-fall2019-d01 Registration Help: http://bit.ly/StudentRegistration

3) ACC 1110 class materials in UM Learn course website are organized by chapter. In UM Learn, each section has a “How to procced” section to guide you through the learning process. Class materials in UM Learn include PowerPoint Presentation files, PPT. Assigned demonstration questions can be accessed through Demo Video links in UM Learn and Tutorial Videos via Connect course site under e-book/video. Access the course website via https://universityofmanitoba.desire2learn.com/d2l/login using your UMnetID account. Once you are at your UM Learn page, click on the ACC 1110 title. If you do not yet have an UMNetID account, go to the U of M home page, click on “current students” and go to “Activate UMnetID” in the “Online Services” section. That will take you through the University’s claim-id procedure.

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It is important to set your UM Learn profile to forward mail to the email address you use most often. That way, course announcements will be sent to that email address. Please respect copyright laws. Photocopying textbooks or other reading material is a violation of copyright laws and is unethical, unless permission to copy has been obtained.

ASSESSMENT OF LEARNING

Midterm Examination: Chapters 1 to 5 & 7

Oct 24 at 7:00 – 9:00 PM (Based on Central Time, CST)

35.0%

6 Connect On-Line Assignments: (1.5% each) 9.0% Assignment 1: Ch. 2 By 11:55 PM, Sept 20, 2019 Assignment 2: Ch. 4 By 11:55 PM, Oct 4, 2019 Assignment 3: Ch. 5 By 11:55 PM, Oct 11, 2019 Assignment 4: Ch. 8 By 11:55 PM, Oct 25, 2019 Assignment 5: Ch. 10 By 11:55 PM, Nov 8, 2019

Assignment 6: Ch. 11 & Appendix By 11:55 PM, Nov 22, 2019 Group Excel Assignments: (3% each) 6.0% Activity Based Costing By 4:00 PM, Oct 18, 2019 in UM Learn Dropbox Budgeting By 4:00 PM, Nov 8, 2019 in UM Learn Dropbox Final Examination: (50%) Cumulative Final Exam (3 hours) TBD

50.0%

Total 100.0%

Letter Grades When all scores are in after the final exam, letter grades are then determined based on distribution. In the past, the weighted course average has been in C or C+ range. Please note that all final grades are subject to departmental review. ABC and Budget Group Excel Assignments: Both assignments are to be done in groups using Excel functions and templates provided. Save your final team work in the Excel Workbook before submitting in the Dropbox on UM Learn course website. Late, individual, or in-person paper-based submissions will not be accepted. Marks will be lost for not using the Excel functions or format. Near the end of term, a peer evaluation form will be provided for students who wish to fill out. Individual score of each assignment will be adjusted accordingly to compute the end-of-term course grade. Groups will be assigned by the instructor when the registration revision period is over. It is suggested that you make a copy of your answer to check against the answer key. For both assignments, the credit is based on having certain check figures correct. Mandatory Connect Assignments for the 11th CE : You will receive full credit of 1.5% on each assignment when you score 100%. When scoring less than 100% on a Connect assignment, weighted credit is calculated according to your actual score on the assignment. For example, if you received 80% on

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Connect Assignment 1, your weighted credit is 1.5% x 80 = 1.2% of course grade. Be advised that you MUST hit “SUBMIT” to submit the assignment to Connect: it is not submitted automatically. Late assignments are not accepted.

Examinations: Students are allowed to bring one 8.5-inch by 11-inch sheet, handwritten on both sides, into the midterm and the final examination. Write your name and the last four digits of U of M student ID on the upper right-hand corner of the sheet. It is necessary to submit this sheet with the examination. Cell phones are not permitted. You must bring your student ID card to the exam. A driver license is not sufficient to prove your student status to write an examination with the University of Manitoba.

End of chapter self-study questions: The Connect assignments are NOT sufficient preparation for this course. This course outline includes a list of self-study questions that should to be done at the end of each chapter. These questions are designed to allow students to review lecture material and to practice applying knowledge of each subject area. Reviewing the assigned Connect e-book video(s) before attempting the self-study questions will be helpful. Solutions of after-chapter problems are provided in the UM Learn course site. Students may benefit from working on questions with a study partner or in a small group. This will help ensure completeness of your individual responses. Questions will not be handed in for grading. It is each student’s responsibility to check their own responses against solutions in detail and to identify areas where improvement is necessary. Any persistent difficulties should be discussed with the instructor during office hours or by email.

COURSE CONDUCT Students are expected to:

Behave in a courteous and professional manner in all dealings with both their fellow students and the professor both in and outside of class. Students who exhibit behaviours that detract from the quality of the class (e.g., regularly arriving late or leaving early, talking to classmates during class, answering cell phones, obviously reading material unrelated to the class, listening to iPods, texting, surfing the internet or social media) may be asked to correct their behaviour, move to another seat, or be asked to leave the classroom.

Complete the text reading prior to class.

Bring e- or hard copies of class materials to follow lecture and take notes.

Review Connect e-book videos of assigned demonstration questions.

Review Self-Study Questions in a timely manner. MISSED EXAM AND LATE SUBMISSION POLICY

There is no make-up midterm examination. In all cases of midterm absence, the instructor should be advised with 7 calendar days of the examination date and receive suitable documentation. Students who miss the midterm examination for legitimate reasons (medical compassionate, or university sports team travel) and provide suitable documentation in time will have the weight of midterm exam put on

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the final exam. Note that a conflict with employment is not an excused absence considered by the University. In case of a midterm conflict with another course of our university, students should ask the instructor of the other course if there is a deferred midterm, if not, be prepared to write back-to-back midterm examinations of both courses on the same date. Students who miss the final examination must apply to the Undergraduate Program Office, Room 268 Drake, for possible deferred examination privileges. ATTENDANCE POLICY Attendance to the course lab is STRONGLY ENCOURAGED, but attendance is not mandatory. Attendance may be taken in the lab for purposes of evaluating the usefulness of labs but will not affect your grade in the course. ELECTRONIC DEVICE POLICY Students are encouraged to use a laptop or tablet to take notes during class, but not for other purposes in class. Students who miss a class and in need of the class notes should copy from a classmate. OUT-OF-CLASS COMMUNICATION PowerPoint files, assignment/project guidelines, other class-related files, and grades will be posted on UM Learn. Moreover, any announcements outside of class will be sent by e-mail from UM Learn. It is your responsibility to check your UofM e-mail account frequently so that you don’t miss these emails. TENTATIVE CLASS SCHEDULE PPT stands for PowerPoint presentation. Homework Questions are assigned after-chapter questions from the textbook for self-practice purposes. PPT, Solution Manual to after-chapter questions, and Demo videos can be accessed via UM Learn/Resources/Content/Chapter. Tutorial are videos that come with the textbook can be accessed via Connect site/e-book/video

Date

Topic Reading Class Notes Homework

Sept 5, 10

Managerial Accounting and the Business Environment

Chapter 1; PPT Ch01

PPT Ch01, Ch. 01

Q:1-1, 1-2, 1-4, 1-7, 1-9, 1-12, P: 1-7, P1-8

Cost Terms, Concepts, and Classifications

Chapter 2 pages 20-29; PPT Ch02 section 1

PPT Ch02 section 1, Ch. 02

Q:2-1, 2-2, 2-3, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10 E:2-9

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Sept 12, 17

Statement of Cost of Goods Manufactured and Cost of Goods Sold; Fixed, Variable, Direct and Indirect Costs

Chapter 2 pages 29-36; PPT Ch02 Section 2

PPT Ch02 sections 2 & 3; Ch. 02 (continued); PPT Ch03 section 1

Q: 2-11, 2-12, 2-13, E:2-6, 2-11 P:2-13, 2-18, 2-20, 2-21, 2-26

Cost Classifications Used in Making Decisions Cost Behaviour: Step-Variable and Types of Fixed Costs; Mixed Costs

Chapter 2 pages 36-39; PPT Ch02 Section 3; Chapter 3 pages 61-71; PPT Ch03 section 1

Q: 2-14, 2-15, 2-16 P:2-27 Q:3-2, 3-8; E: 3-5

Sept 20 Connect Assignment #1 due by 11:55 PM, CST (ch2)

Class Schedule Continued:

Date Topic Reading Class Notes Homework

Sept 19, 24

Cost Behaviour: Analysis and Use

Chapter 3 pages 72 – 78; PPT Ch03 section 2

PPT Ch03 section 2; Ch. 03

Q: 3-12, 3-13, 3-14; E:3-3, 3-4,3-7, 3-10, P:3-11, 3-15, 3-16

Cost-volume Profit Relationships

Chapter 4 Pages 93 – 103; PPT Ch04 section 1;

PPT Ch04 section 1; Ch. 04

Q:4-2, 4-3, 4-4, 4-5, 4-6, 4-11 E: 4-1, 4-3, 4-4, 4-5, P: 4-18,

Sept 26, Oct 1

Cost-volume Profit Relationships (omit sales mix, pages 111 - 114)

Chapter 4 pages 104 – 111, &115 PPT Ch04 section 2

PPT Ch04 section 2; Ch. 04 (continued)

E: 4-10, 4-12, 4-16 P: 4-22, 4-27, 4-31, 4-33

System Design: Job Order Costing Overview;

Chapter 5 pages 139–148; PPT Ch05 section 1

PPT Ch05 section 1; Ch. 05

Q: 5-1, 5-2, 5-3, 5-4, 5-6, 5-7, 5-8, E: 5-1, 5-6

Oct 4 Connect Assignment #2 due by 11:55 PM, CST (ch 4)

Oct 3, 8

Manufacturing Overhead Applied and Cost Flows

Chapter 5 pages 149 - 158; PPT Ch05 section 2

PPT Ch05 sections 2 & 3; Ch. 05 (continued)

Q: 5-10, 5-13, 5-14, 5-15 E: 5-4, 5-10, 5-14 P: 5-18, 5-19, 5-20, 5-22

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Disposing Overapplied and Underapplied Overhead; Predetermined Overhead Rate and Capacity

Chapter 5 pages 158-166 Appendix 5A pages 193-194 PPT Ch05 section 3

E: 5-8, P: 5-22, 5-24,

Oct 11 Connect Assignment #3 due by 11:55 PM, CST (ch 5)

Oct 10, 15

Activity Based Costing: Model and the 2-stage Cost Allocation; ABC Group

Chapter 7 pages 237 – 251 PPT Ch07 section 1

PPT Ch07; Ch. 07

Q: 7-1,7-2,7-5, 7-6, 7-10, 7-11 E:7-3, 7-4, 7-5, 7-10, 7-11, 7-12, 7-16

Activity Based Costing: Product Cost:

Chapter 7 pages 252-260 PPT Ch07 section 2

P: 7-21, 7-22

Date Topic Reading Class Notes Homework

Oct 18 ABC Group Assignment due by 4:00 PM, CST; Submit via UM Learn Dropbox, Only the most recent submission is kept for grading.

Oct 17, 22

Variable Costing: A Tool for Management

Chapter 8 pages 294 - 302; PPT Ch08 section 1

PPTCh08; Ch. 08

Q:8-1, 8-2, 8-3, E:8-1, 8-2, 8-7

Chapter 8 pages 303 – 310 PPT Ch08 section 2

Q: 8-6, 8-7, 8 -9 E:8-10 P:8-14, 8-16, 8-17

Budgeting: Introduction

Chapter 9 pages 238– 343; PPT Ch09 section 1

PPT Ch09 section 1; Ch. 09

Q: 9-1, 9-3, 9-8 P: 9-13

Oct 24 Midterm 7:00 PM to 9:00 PM, CST (Chapters 1 – 5 & 7)

Oct 25 Connect Assignment #4 due by 11:55 PM, CST (ch 8)

Oct 29, 31

Master Budget Chapter 9

pages 343 - 348; PPT Ch09 section 2

PPT Ch09 sections 2 & 3; Ch. 09 continued

Q: 9-5; E: 9-1, 9-2, 9-4, 9-5, 9-6; 9-7 Foundation Exercise P: 9-18 C: 9-27

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Budgeting: Flexible Budget & Performance Report

Chapter 9 pages 348 – 352; PPT Ch09 section 3

Q: 9-13 E: 9-10 P: 9-25

Nov 5, 7 Standard Costs and Overhead Analysis: Setting Standards; Basic Variance Analysis & Flexible Budget Variance Analysis

Chapter 10 pages 384 –396; PPT Ch10 section 1

PPT Ch10; Ch. 10

Q: 10-1, 10-2, 10-7, 10-12 E: 10-2

Chapter 10 omit pages 396 – 403, 414-417; (Omit Fixed OH pages 404-413) (Omit appendices) PPT Ch10 section 2

Q: 10-10, 10-17 E: 10-7, 10-8, 10-16 P:10-19, 10-21 (omit part 4), 10-22, 10-26, 10-31 (omit part 4)

Class Schedule Continued:

Date Topic Reading Class Notes Homework

Nov 8 Connect Assignment #5 due by 11:55 PM, CST (ch 10)

Nov 8

Budget Group Assignment due by 4:00 PM, CST; Submit via UM Learn Dropbox, Only the most recent submission is kept.

Nov 11-15

Reading week (no classes)

Nov 19, 21, 26

Reporting for Control: Segmented Reporting Return on Investment and Residual Income

Chapter 11 pages 461 – 482; PPT Ch11 section 1

PPT Ch11; Ch. 11

Q: 11-1, 11-2, 11-4, 11-5, 11-8, 11-9, 11-10, 11-11, 11-13, 11-14 E: 11-4, 11-7, 11-8, 11-9, 11-11 P: 11-15, 11-16, 11-17, 11-18, 11-20, 11-23

Reporting for Control: Appendix 11A Transfer Pricing

Chapter 11 pages 506 - 512; PPT Ch11 section 2,

Q: 11A-1, 11A-2, 11A-3 E: 11A-1, 11A-2, 11A-3 P: 11A-11, 11A-12

Nov 22 Connect Assignment #6 due by 11:55 PM, CST (ch 11)

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Nov 28, Dec 3, 5

Relevant Costs for Decision Making: Relevant and Differential Costs; Adding/Keeping Segments; Make or Buy

Chapter 12; Pages 531-545, PPT Ch12 section 1,

PPT Ch12 sections 1 & 2; Ch. 12

Q: 12-1, 12-2, 12-5, 12-6; E: 12-9, 12-14 P: 12-23, 12-24, 12-26

Relevant Costs for Decision Making: Utilization of Constrained Resource; Cost-Plus Pricing and Target Pricing

Chapter 12 pages 550 – 554; Appendix 12A pages 579-585 ;PPT Ch12 section 3

PPT Ch12 section 3; Ch. 12 (continued)

E:12-5, E12-13; 12A-1, 12A-2 P: 12A-4

Dec 9-20, 2019

Final Exam (Comprehensive 3 hours) - To be determined

IMPORTANT DATES These are set by the University Administration and can be found at

http://umanitoba.ca/student/records/deadlines/index.html.

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INTENDED LEARNING OUTCOMES

AACSB Assurance of Learning Goals and Objectives. The Asper School of Business is proudly accredited by AACSB. Accreditation requires a process of continuous improvement of the School and our students. Part of “student improvement” is ensuring that students graduate with the knowledge and skills they need to succeed in their careers. To do so, the Asper School has

set the learning goals and objectives listed below for the Undergraduate Program. The checked goal(s) and objective(s) will be addressed in this course and done so by means of the items listed next to the checkmark.

Goals and Objective in the Undergraduate Program

Goals and Objectives Addressed

in this Course

Course Item(s) Relevant to these Goals and Objectives

1 Quantitative Reasoning

A. Determine which quantitative analysis technique is appropriate for solving a specific problem.

Entire course

B. Use the appropriate quantitative method in a technically correct way to solve a business problem.

Entire course

C. Analyze quantitative output and arrive at a conclusion.

Entire course

2 Written Communication

A. Use correct English grammar and mechanics in their written work.

Short-answer assignment questions

B. Communicate in a coherent and logical manner Short-answer assignment questions

C. Present ideas in a clear and organized fashion. Short-answer assignment questions

3 Ethical Thinking

A. Identify ethical issues in a problem or case situation Qualitative assignments and exams

B. Identify the stakeholders in the situation.

C. Analyze the consequences of alternatives from an ethical standpoint.

Qualitative assignments and exams

D. Discuss the ethical implications of the decision. Qualitative assignments and exams

4 Core Business Knowledge Entire course

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ACADEMIC INTEGRITY POLICY It is critical to the reputation of the Asper School of Business and of our degrees that everyone associated with our faculty behave with the highest academic integrity. As the faculty that helps create business and government leaders, we have a special obligation to ensure that our ethical standards are beyond reproach. Any dishonesty in our academic transactions violates this trust. The University of Manitoba General Calendar addresses the issue of academic dishonesty under the heading “Plagiarism and Cheating.” Specifically, acts of academic dishonesty include, but are not limited to:

using the exact words of a published or unpublished author without quotation marks and without referencing the source of these words

duplicating a table, graph or diagram, in whole or in part, without referencing the source paraphrasing the conceptual framework, research design, interpretation, or any other ideas of

another person, whether written or verbal (e.g., personal communications, ideas from a verbal presentation) without referencing the source

copying the answers of another student in any test, examination, or take-home assignment providing answers to another student in any test, examination, or take-home assignment taking any unauthorized materials into an examination or term test (crib notes) impersonating another student or allowing another person to impersonate oneself for the purpose

of submitting academic work or writing any test or examination stealing or mutilating library materials accessing test prior to the time and date of the sitting changing name or answer(s) on a test after that test has been graded and returned submitting the same paper or portions thereof for more than one assignment, without discussions

with the instructors involved Group Projects and Group Work

Many courses in the Asper School of Business require group projects. Students should be aware that group projects are subject to the same rules regarding academic integrity. All group members should exercise special care to ensure that the group project does not violate the policy on Academic Integrity. Should a violation occur, group members are jointly accountable unless the violation can be attributed to specific individuals. Some courses, while not requiring group projects, encourage students to work together in groups before submitting individual assignments. If it’s unclear whether it is allowed, students are encouraged to seek clarification from the instructor to avoid violating the academic integrity policy. In the Asper School of Business, all suspected cases of academic dishonesty in undergraduate courses are reported to the Dean's office and follow the approved disciplinary process. See following table for typical penalties for academic dishonesty in the Asper School.

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STUDENT SERVICES AND SUPPORTS The University of Manitoba provides many different services that can enhance learning and provide support for a variety of academic and personal concerns. You are encouraged to visit the below websites to learn more about these services and supports. If you have any questions or concerns, please do not hesitate to contact your instructor or the Undergraduate Program Office.

For Information on… …follow this link

Admission, Registration, Tuition Fees, Important Dates, Final Exams, Graduation, and Transcripts

Registrar’s Office

Academic policies & procedures, regulations, Faculty-specific information, degree and major requirements

Academic Calendar

Help with research needs such as books, journals, sources of data, how to cite, and writing

Library Resources

Tutors, workshops, and resources to help you improve your learning, writing, time management, and test-taking skills

Writing and Learning Support

Support and advocacy for students with disabilities to help them in their academic work and progress

Student Accessibility Services

Copyright-related questions and resources to help you avoid plagiarism or intellectual property violations

Copyright Office

Student discipline bylaws, policies and procedures on academic integrity and misconduct, appeal procedures

Academic Integrity

Policies & procedures with respect to student discipline or misconduct, including academic integrity violations

Student Discipline

Students’ rights & responsibilities, policies & procedures, and support services for academic or discipline concerns

Student Advocacy

Your rights and responsibilities as a student, in both academic and non-academic contexts

Your rights and responsibilities

Full range of medical services for any physical or mental health issues

University Health Service

Information on health topics, including physical/mental health, alcohol/substance use harms, and sexual assault

Health and Wellness

Any aspect of mental health, including anxiety, stress, depression, help with relationships or other life concerns, crisis services, and counselling.

Student Counselling Centre

Support services available for help regarding any aspect of student and campus life, especially safety issues

Student Support Case Management

Resources available on campus, for environmental, mental, physical, socio-cultural, and spiritual well-being

Live Well @ UofM

Help with any concerns of harassment, discrimination, or sexual assault

Respectful Work and Learning Environment

Concerns involving violence or threats, protocols for reporting, and how the university addresses them

Violent or Threatening Behaviour