Office hours: 11:00-13:00, Tuesday and 12:00-14:00, Thursday and by appointment

E-mail: agimmamuti@unyt.edu.al

 

COURSE DESCRIPTION

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.

 

Learning Objectives:

(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.

 

Learning Outcomes:

At the conclusion of the course, students should be able to:

  • Differentiate between various cost behaviors,
  • Manage the constraints on business resources – within the downward economic trends and global competition – to add value to the business in excess of its cost,
  • Set the stage for analyzing and managing the future by demonstrating their skills in understanding various cost accumulation processes and their relation to value chain either in job-shop or batch production operations and how to relate cost to design issues,
  • Apply learned cost management tools in making rational pricing decisions to gain and maintain competitive advantages for their companies,
  • Apply activity-based costing systems, the system suitability for various types of businesses, identify separate activities and calculate cost rate for each, identify opportunity for improvement and meeting targeted cost and capacity utilization and managing quality and time to create value,
  • Comprehend and compare job costing with process costing systems, how to anticipate and resolve potential conflicts between joint products and support services,
  • Make appropriate decisions utilizing and analyzing historical cost trends, estimated costs, budgeting, and evaluate performance in special circumstances.

 

Required Reading Material:

Roby B. Sawyers; Steve Jackson; Greg Jenkins, Managerial ACCT2, 2nd Edition, Cengage Learnings

Additional readings:

Horngren, Datar, and Rajan, Cost Accounting: A Managerial Emphasis”, 14th Edition, Prentice Hall, 2012

Drury, Colin, Management and Cost Accounting, 8th Edition, Cengage Learning, 2012

Other materials will be given during the course

 

Class schedule:

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

Assign#1

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

Quiz 1

6 11/16 Ch5. Cost Behavior Presentation and Discussion
7 11/23 Mid-term Exam  
  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
14 02/01 General Review
15 02/08 Final exam  

* The instructor reserves the right to make appropriate alternation of the above tentative schedule

 

Course Requirements

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.

Group Project

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.

Grading:

Your grade will be based on the following:

  1. Appropriate class participation                                                            5%
  2. Homework assignment                                                                                                                5%
  3. Project / Presentation 10%
  4. Quizzes x 2             20%
  5. Mid-term exam             30%
  6. Final Exam             30%

Total Points:                                                                                                                                                   100%

Grading Scale will be determined as follows:

Letter Grade Percent (%) Generally Accepted Meaning
A 96-100 Outstanding work
A- 90-95
B+ 87-89 Good work, distinctly above average
B 83-86
B- 80-82
C+ 77-79 Acceptable work
C 73-76  
C- 70-72
D+ 67-69 Work that is significantly below average
D 63-66
D- 60-62
 F 0-59 Work that does not meet the minimum standards for passing the course

 

General Policies:

  1. Regular attendance is expected.  If there is an urgent reason to be absent, please email the instructor in advance. A student may not enter an examination without having justified all of his/her absences.
  2. Assignments will be collected at the beginning of the class session.  There will be a 10% daily deduction for late assignments (up to 2 days only, thereafter no grade will be given) unless you make special arrangements with the instructor in advance via email communications.
  3. Any violation of academic honesty principles, e.g. plagiarism, will result in an automatic F on the course, in line with UNYT’s Honour Code policies.
  4. Make-up exams will be given only in the case of a confirmed medical excuse.  If possible, please advise the instructor in advance by email.

 

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.

 

Technology Expectations

Assignments are to be excel, word-processed and power point. Continuing and regular use of e-mail is expected.

 

Faculty: Business &Economics.

Department: Economics.

Grade: Undergraduate.

Majors: Business.

Study Fileds: Accounting, Business Administration, Economics, Finance, Management, Management of Information Systems, and Marketing.

Course Year: 2.

Course Program: UNYT.

Scheduele: Monday, 13:00-16:00

Instructor: Agim Mamuti, Assoc.Prof.Dr.

Credits: 3

Prerequisite: Financial Accounting