Office hours: 11:00-13:00, Tuesday and 12:00-14:00, Thursday and by appointment
The main goal of the course is to provide students with the appropriate professional managerial accounting skills that are needed to be able to accumulate and measure resources available to a business enterprise and to manage these resources in a way that adds a value to that business. It is aimed at establishing the analytical skills needed for the analysis and study of cost behavior, relevance, allocation and design for various courses of action. Throughout the course, there is special emphasis on the use of cost information in managerial decisions and its application to various industrial and service settings. The course builds students’ analytical skills in recognizing and understanding of the 1) attributes of cost behavior; 2) cost accumulation systems and techniques, especially those related to product costing; 3) management planning and control systems; 4) relevant cost information for short term decision making; and 5) accounting data in long term capital budgeting decisions.
(1) An understanding of the differences between financial and managerial accounting,
(2) An understanding to calculate costs in a job order and a process cost accounting system and understand how the costs flow through the system,
(3) An understanding of the types of costs and how they behave in order to calculate cost-volume-profit relationships,
(4) An understanding of the types of budgets and be able to prepare operating budgets, financial budgets and capital budgets,
(5) And gain an understanding of management’s decision-making process as it relates to product pricing, production, equipment replacement, etc.
At the conclusion of the course, students should be able to:
Required Reading Material:
Other materials will be given during the course
|Session||Dates||Chapters: Please read before coming to class the following assigned chapters.||Assignment to be Submitted for Grading in the following Session|
|1||10/12||Ch1. Introduction to Managerial Accounting||Syllabus Presentation|
|2||10/19||Mother Teresa Day, No Classes|
|3||10/26||Ch2. Product Costing Manufacturing Processes, Cost Terminology, and Cost Flows||Presentation and Discussion
|4||11/02||Ch3. Job Costing, Process Costing, and Operations Costing||Presentation and Discussion Assign#2|
|5||11/09||Ch4. Activity-Based Costing||Presentation and Discussion Assign#3
|6||11/16||Ch5. Cost Behavior||Presentation and Discussion|
|11/30||Liberation Day, No Classes|
|8||12/07||Ch6. Cost-Volume-Profit Analysis||Presentation and Discussion Assign#4|
|9||12/14||Ch7. Relevant Costs and Product Planning Decisions||Presentation and Discussion Assign#5|
|10||12/21||Ch8. Long-Term (Capital Investment) Decisions|
|23.12.2015 (Wed) – 04.01.2016 (Mon.)||Christmas recess|
|11||01/11/2016||Ch9. The Use of Budgets in Planning and Decision Making||Presentation and Discussion|
|12||01/18||Ch10. Variance Analysis—A Tool for Cost Control and Performance Evaluation||Presentation and Discussion|
|13||01/25||Ch11. Decentralization, Performance Evaluation, and the Balanced Scorecard||Presentation and Discussion Quiz 2|
* The instructor reserves the right to make appropriate alternation of the above tentative schedule
Attendance is mandatory.
If a student is absent for more than 20% of the course (i.e. 9 hours) then a grade of “F” will automatically be awarded. An excused absence must be discussed with the instructor before (when possible) the lecture session to be missed, or immediately upon the student’s return to the following class session.
The class lecture sessions are an integral part of the student’s learning experience and are essential for the students to obtain a mastery of the course material.
Active Participation in class and Assignment are an integral part of the grading system.
Students are advised to read the assigned Chapter before coming to the class. During each class students will be asked to comment on the relevant case studies related to that chapter. The assignments should be submitted within the deadline assigned by the instructor. No late assignment will be accepted unless rare instances in which case no full grade will be granted.
There are no make-up or grade –improvement projects available in this class. It is necessary that you take both exams in order to receive a grade in this course. In no case, will a make-up exam be given prior to exam days, and only in very rare instances, will a make-up exam will be allowed after a mid-term exam. There will be no make-up exam for the Final Exam.
Appropriate class participations
At a beginning of each class students will be asked to discuss and comment on the relevant articles related to financial statement analysis and accounting. The evaluation of articles discussion will go toward the appropriate class participations.
Homework and quizzes
You will be assigned homework throughout the semester to further enhance your learning. The Homework will come from the questions that I will send you after each class. You will be graded on having the homework completed and turned in on time. Homework should be submitted on the day indicated in the schedule. Late homework will not receive credit unless arrangements are made. Answers should be individual.
In class quizzes will occur in certain class session, starting from the second week of the semester. They will be based on the textbook chapter covered on the prior classes. Quizzes will usually occur at the beginning of class.
There will be a Group Project / Presentation in this course that students are expected to complete through –out the course. Students will be divided in Groups of 2.
Your grade will be based on the following:
Total Points: 100%
Grading Scale will be determined as follows:
|Letter Grade||Percent (%)||Generally Accepted Meaning|
|B+||87-89||Good work, distinctly above average|
|D+||67-69||Work that is significantly below average|
|F||0-59||Work that does not meet the minimum standards for passing the course|
Outside Support: As a service to its students UNYT has created a series of support centers. For support related to study skills and time management, the Academic Support Center offers students tutoring and coaching. The Writing Center gives students feedback and help with papers and other writing assignments. If you feel that you have any exceptional learning difficulties or serious problems that interfere with your studies, you can stop by the UNYT Counseling Center. For information on any of these centers, please contact Dr. Enila Cenko, your academic advisor or me.
Assignments are to be excel, word-processed and power point. Continuing and regular use of e-mail is expected.