ACC 1110 D01 (Winter 2019)

INTRODUCTORY MANAGERIAL ACCOUNTING

Course Outline

Course Overview

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.

Course Goals

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 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 Learning 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.

Learning Guide

Course Schedule

Week of Unit Description

Jan 8, 2019 Unit 1 Managerial Accounting and the Business Environment (Ch 1)

Jan 8, 2019 Unit 2 Cost Terms, Concepts and Classifications (Ch 2)

Jan 15,

2019 Unit 3

Statement of Cost of Goods Manufactured and Cost of Goods Sold

(Ch 2)

Fixed, Variable, Direct and Indirect Costs (Ch 2)

Jan 15,

2019 Unit 4

Cost Classifications Used in Making Decisions (Ch 2)

Cost Behaviour: Step-Variable and Types of Fixed Costs; Mixed Costs

(Ch 3)

Week of Unit Description

Jan 22,

2019 Unit 5 Cost Behaviour: Analysis and Use (Ch 3)

Jan 22,

2019 Unit 6 Cost-volume Profit Relationships (Ch 4)

Jan 29,

2019 Unit 7

Cost-volume Profit Relationships (Ch 4)

(omit sales mix, pages 111 - 114)

Jan 29,

2019 Unit 8 System Design: Job Order Costing Overview (Ch 5)

Feb 5, 2019 Unit 9 Manufacturing Overhead Applied and Cost Flows (Ch 5)

Feb 5, 2019 Unit

10

Disposing Overapplied and Underapplied Overhead;

Predetermined Overhead Rate and Capacity (Ch 5)

Feb 12,

2019

Unit

11

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

Group (Ch 7)

Feb 12,

2019

Unit

12 Activity Based Costing: Product Cost (Ch 7)

Mar 5,

2019

Unit

13 Variable Costing: A Tool for Management (Ch 8)

Mar 5,

2019

Unit

14 Variable Costing: A Tool for Management (Ch 8) cont'd

March 5,

2019

Unit

15

Budgeting: Introduction (Ch 9)

Mar 12,

2019

Unit

16 Budgeting: Master Budget (Ch 9)

Mar 12,

2019

Unit

17 Budgeting: Flexible Budget & Performance Report (Ch 9)

Mar 19,

2019

Unit

18

Standard Costs and Overhead Analysis:

Setting Standards;

Basic Variance Analysis &

Flexible Budget Variance Analysis (Ch 10)

Week of Unit Description

Mar 19,

2019

Unit

19

Standard Costs and Overhead Analysis:

Setting Standards;

Basic Variance Analysis &

Flexible Budget Variance Analysis (Ch 10) cont'd

Mar 26,

2019

Unit

20

Reporting for Control:

Segmented Reporting Return on Investment and Residual Income

(Ch 11)

Mar 26,

2019

Unit

21

Reporting for Control:

Appendix 11A Transfer Pricing (Ch 11A)

Apr 2, 2019 Unit

22

Relevant Costs for Decision Making: Differential Costs;

Adding/Keeping Segments; Make or Buy (Ch 12)

Apr 2, 2019 Unit

23

Relevant Costs for Decision Making:

Special Order; Joint Costs and Process Further (Ch 12)

Apr 9, 2019 Unit

24

Relevant Costs for Decision Making:

Utilization of Constrained Resource; Cost-Plus Pricing and Target

Pricing (Ch 12A)

Distribution of Marks

Evaluation Date Percentage

Midterm Exam (Ch 1,2,3,4,5,7)

Monday February 25, 2019

(7:00-9:00 pm)

No classes on Feb 26, 2019

35%

Online CONNECT Assignments (6) various due dates at 11:55 pm

Group Assignment 1 - Activity

Based Costing Feb 22, 2019 (4pm) UMLearn 3%

Group Assignment 2 - Master

Budget Mar 24, 2019 (4pm) UMLearn 3%

Final Examination (Comprehensive) TO BE DETERMINED 50%

Grading Scale

Letter Grade Percentage Range Description

A+ 90 - 100 Exceptional

A 80 - 89 Excellent

B+ 75 - 79 Very Good

B 70 - 74 Good

C+ 65 - 69 Satisfactory

C 60 - 64 Adequate

D 50 - 59 Marginal

F 0 - 49 Failure

Please note: All final grades are subject to departmental review.

Please respect copyright. We will use copyrighted content in this course. I have ensured

that the content I use is appropriately acknowledged and is copied in accordance with

copyright laws and university guidelines. Copyrighted works, including those created by

me, are made available for private study and research and must not be distributed in

any format without permission. Do not upload copyrighted works to a learning

management system (such as UM Learn), or any website, unless an exception to the

Copyright Act applies or written permission has been confirmed. For more information,

see the University’s Copyright Office website at http://umanitoba.ca/copyright/ or

contact um_copyright@umanitoba.ca.

Course Materials

Required Textbook and CONNECT Access Code

Garrison et al. Managerial Accounting, Eleventh Canadian Edition (11th CE), McGraw Hill

Ryerson:

Garrison 11th CE print book with Connect ISBN = 9781259269479 or

Garrison 11th CE Connect + eBook ISBN = 9781259270000

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, ebook 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.

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

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.

Typical Penalties for Academic Dishonesty in the Asper School

If the student is from another Faculty and the academic dishonesty is committed in an Asper course, the

student’s Faculty could match or add penalties beyond the Asper School’s.

F-DISC on transcript indicates the F is for disciplinary reasons.

ACADEMIC DISHONESTY PENALTY

Cheating on exam (copying from or providing answers to another student)

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Sharing exam questions electronically during exam

F-DISC in course Suspension from taking Asper courses for 2 years Notation of academic dishonesty in transcript

Possession of unauthorized material during exam (e.g., cheat notes)

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Altering answer on returned exam and asking for re-grading

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Plagiarism on assignment F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Submitting paper bought online F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Inappropriate Collaboration (collaborating with individuals not explicitly authorized by instructor)

F-DISC in course Suspension from taking Asper courses for 1 year Notation of academic dishonesty in transcript

Group member had knowledge of inappropriate collaboration or plagiarism and played along

F-DISC in course Notation of academic dishonesty in transcript

Signing Attendance Sheet for classmate F-DISC in course Notation of academic dishonesty in transcript

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

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