3200 syllabus Fall 2021 KTRA Darrough PDF

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ZICKLINSCHOOL OF BUSINESS STAN ROSS DEPARTMENT OF ACCOUNTANCY BARUCH COLLEGE Fall 2021 Accountancy 3200 Professor Masako Darrough Email: [email protected]

Drop-in Virtual Office hours: TBA or by appointment

Departmental Mission: The mission of the Stan Ross Department of Accountancy is (1) to operate the undergraduate, master ’s, and doctoral programs in accountancy, (2) to provide accounting knowledge to students with majors in areas other than accounting, and (3) to serve its student, academic, and business constituencies through engagement in high-quality research. These academic programs focus on the development, measurement, analysis, validation, and communication of financial and other information. Much of the emphasis is directed to enhancing students’ ability to understand the business and regulatory environment and to alert students to the broad implications of accounting decisions. In addition to developing an understanding of the theory and the skills necessary for successful careers in accounting, students should be prepared to build upon this knowledge to advance to positions of higher responsibility. The overall goal is to continue the tradition of Accountancy at Baruch both in the external auditing context and as managerial accountants who help to create and operate successful businesses. Course Objectives: Consistent with the department’s mission, the Cost/Managerial Accounting course aims to develop the skills that will help convert data into information that leads to informed and better decisions that will help organizations achieve their goals. The accounting results generated for financial reporting purposes have limited usefulness: financial statements prepared in accordance with GAAP do not help in day-to-day decision making as they are affected by conventions that —although generally accepted—are not particularly meaningful for managers. Accordingly, managerial accountants have to work from a different perspective to provide independent professional services that improve the quality of information, or its context, for decision-makers. At the end of this course, you should: 1) Be comfortable discussing cost and profit estimates arising from many typical business decisions; 2) Understand clearly both the role of overhead and overhead allocation mechanisms in the measurement of productions costs; 3) Be able to prepare budgets and standards, and compute variances from the budget; 4) Understand the role of performance measurements, incentive mechanisms, and transfer prices in coordinating activities within a multi-division firm. General 1) This will be a challenging course for most of you. I strongly advise that you read the assigned chapter both before and after viewing each lecture. 2) The homework assignments represent a minimum. I highly recommend that you solve as many end-of-chapter exercises and problems as possible. Course Materials: Text: (Baruch College Edition) Managerial Accounting by Garrison-Noreen-Brewer, 17th Edition with McGraw Hill Connect. You can purchase the “bundle” (Baruch Edition textbook and Connect) from 1) Baruch College bookstore or 2) McGraw-Hill http://shop.mheducation.com/mhshop/productDetails?isbn=1264341385

Connect Registration: https://connect.mheducation.com/class/m-darrough-ktra-240-pm

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You must use your Baruch email address and your official Baruch roster name when registering for our section in Connect. You can (1) enter Connect code (if you already have it) or (2) register on a temporary basis. Temporary access will allow you to work on assignments and read the e-book for two weeks. To convert your temporary access when you receive the book, be sure to update your Connect account with your purchased code so that your account is not disabled

Course Delivery: In-class on all Thursday sessions Zoom Meetings on Tuesdays This plan is subject to change (please check Blackboard) Other Materials: Blackboard • •

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Lectures for this course will be provided in-class and online during the regularly scheduled course time. The zoom link will be provided on Blackboard. PowerPoint (PPT) for each lecture can also be found in BB under “Course Documents.” You are expected to view and study PPT according to the class schedule (which you can find on the last page of this syllabus). Your class participation (making comments, asking questions, etc.) is important. You should have a pen, paper, and a calculator ready for use during class The PPT documents provided are meant to guide the lectures and are not a complete summary of the material for which you are responsible. You should plan to take additional notes and annotate the slides yourself. You are expected to attend all lectures and participate during class. While I will record some of the sessions, but you should not rely on the recordings.

Office Hours Scheduled office hours will be held using Zoom with the meeting information posted in BB under Announcements. When entering the meeting, you will be held in the virtual “waiting room” until your turn to be admitted. No appointment is necessary, and you will be taken in order of arrival. If you are asking for help with HW assignments, please be ready to share your screen to show your work. Keep in mind, questions on HW should be as specific as possible. Asking “How do I do this problem?” is not an effective way to learn the material. You can also catch me after (or before) class sessions for informal Q&As. Other Communications Given that this course is hybrid, you must check Blackboard regularly as it will be an important means of communication. Specifically, you should monitor two sections: (1) “Announcements” page will contain information for everybody; and (2) ”Discussion Board” will contain “Course Fora (Forums),” where you can post questions, comments, and responses related to the conduct of the course. It is your responsibility to check the BB site regularly. Course Assessment: Two midterms (20 and 20 pts). Midterms will be given in class during the scheduled class time, with a maximum of 100 minutes allowed per exam. Final exam (35pts). The final exam will also be in class during the designated final exam period, with a maximum of 120 minutes allowed. You must pass the final to pass the course. Homework (20 pts). There will be homework assignments using McGraw-Hill Connect. You will earn full 20 points if you score 840 points in Connect (out of 890 pts). Attendance and Class Participation (4 pts).

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A Photo and Brief Bio (1 pt) Your photo and a brief statement should be submitted by Oct. 12 (Tu). Detailed instructions will be posted on Blackboard. Homework (HW) Assignments • •

• • •

All HW assignments are listed in the syllabus. You can go to Connect to work on the homework problems. Due dates are clearly stated there. As you can see from the “ Course schedule” on the last two pages of this syllabus, there are many homework assignments. Each assignment is due at 11:59 pm on either Tuesday or Thursday. You should assume that whenever we have a scheduled class, there is an HW assignment due that night (so that it is easier to keep track of due dates). You should, however, start working on each assignment as soon as possible. Many assignments take a long time to finish. The assigned problems are all from the textbook (end-of-chapter problems). However, homework problems are all algorithmic, meaning they have different numbers for each student. If you want to work on additional problems, you can try other end-of-chapter problems. We will provide key “check figures for end-of-chapter problems” so that you can assess whether you are on the right track. There is one HW assignment that is Proctorio-enabled assignment. You have 60 minutes to finish this assignment. That means once you open it, you have 60 minutes to finish it. So, do not open it unless you are ready to work on it. It is due on September 28. You should first look at a video to find how to open Proctorio-enabled assignments.

Homework Policy: • • • • •

No late assignments are accepted under any circumstance. Assignments are submitted automatically at the time when they are due. (Hint: Start working on them ASAP. Let the assignments be automatically submitted rather than “submit” yourself. Once you submit an assignment, you will not be able to get it back). You have only one attempt (submission) for each assignment You can check your answers up to 5 times. The assignments (with correct answers) will become available one hour after the due time. CONNECT also has LearnSmart and additional problems in the library.

Examination and Grading Policies

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There will be no make-up midterm examinations under any circumstances. All exams will be conducted in class and are intended to assess your knowledge of course content. You are expected to comply with our academic integrity policy (see below). Any form of cheating will be reported to the Dean of Students and will result in failure in the course and possible suspension from Baruch College. See the formal statements below. Grades will be posted on Blackboard. Any inquiries about the grades should be emailed within a week from the examination date. Once the course grade has been determined and assigned, there will be no change or negotiation. The weights—identified in the Course Assessment above—are identical for every class member, such that submitting additional work will not be accepted to compensate for poor exam scores. You can use a “simple” calculator during the exams. The window of the calculator should show a maximum of TWO lines.

Communication: While Blackboard (BB) will be the primary method of communication, any questions/suggestions/comments related to your personal situation can be communicated by email anytime. I will try to respond as soon as PRACTICAL.

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Rules of Professional Conduct The Accountancy major at Baruch College prepares students for a career as an Accounting professional. As part of that preparation, I expect you to comport yourself as a professional throughout your studies at Baruch. Below is a list of the specific rules of conduct that you should follow during the semester. IMPORTANT: Please put your cellphones away in your bags. I do not want to see them on the table. Do not use it as a calculator either in class or during the exams. E-Mail Etiquette: • Please email me using your Baruch account. I will not respond to emails from other accounts such as Gmail or Yahoo accounts because I will not be able to verify the identity of the sender as one of my students. Thank you. • Any email sent to me should include a short description in the subject area (e.g., ACC3200 question). Your full name should be included in the message. Failure to provide this information may result in your email being deleted without being opened. • Do not use the e-mail list on Blackboard for any purpose unrelated to this course. • E-mails in ACC 3200 are a form of business communication. Therefore, please compose your emails with the same attention to correct grammar and syntax, politeness, and professional tone that apply to all forms of business correspondence. Academic Honesty: Baruch Policy Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism, and collusion in dishonest acts undermine the College's educational mission and the students' personal and intellectual growth. Baruch students are expected to bear individual responsibility for their work, to learn the rules and definitions that underlie the practice of academic integrity, and to uphold its ideals. Ignorance of the rules is not an acceptable excuse for disobeying them. Any student who attempts to compromise or devalue the academic process will be sanctioned. Academic sanctions in this class will range from an F on the assignment to a WF in this course. A report of suspected academic dishonesty will be sent to the Office of the Dean of Students. Additional information and definitions can be found at http://www.baruch.cuny.edu/academic/academic_honesty.html

Students with Disabilities. Baruch has a continuing commitment to providing reasonable accommodations for students with disabilities. Like so many things this fall, the need for accommodations and the process for arranging them have been altered by COVID-19 and the safety protocols currently in place. Students with disabilities who may need some accommodation in order to fully participate in this class should contact Student Disability Services as soon as possible at [email protected] Midterm and Final Midterms and the final will be given in class. If the virus situation worsens dramatically, it is possible that the exams will be given online. If that happens, we will use “Proctorio,” a browser-locking and remote proctoring solution designed to protect the integrity of examinations. The Proctorio system works on desktop, laptop, Chromebook, Microsoft Surface (but not on iPad). The US Federal Government also requires that all schools have a process in place for verifying student identity to protect against Federal Student Aid (FSA) fraud. Your privacy is protected with Proctorio, which does not have access to unrelated information or does not retain any information after the exam. If CUNY approves, students may be asked to turn on their web cameras to take the exam. Finally, please look at the statement from the Provost: Students taking in-person or hybrid classes who fail to follow the vaccine mandate per CUNY policy will be subject to potential academic withdrawal that could also impact their financial aid and might not be eligible for refunds for the course.

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Learning Goals: BBA Learning Goals

Significant Part of Course

Moderate Part of Course

Minimal Part of Course

Not Part of Course

Analytical Skills

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Technological Skills

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Communication Skills: Oral

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Communication Skills: Written

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Civic Awareness and Ethical DecisionMaking

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Global Awareness

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Assignments

Course Learning Goals

BBA Learning Goals

Pre-Midterm 1 Assignments: Students will complete Foundational questions, Exercises, and Practice problems from Chapters 1, 2, 3, and 5. LearnSmart modules for each chapter are recommended.

Demonstrate an understanding of cost concepts and classification, CVP analysis, job-order costing., and ABC.

Analytical Skills Technological Skills Civic Awareness and Ethical Decision-Making Global Awareness

Pre-Midterm 2 Assignments: Students will complete Foundational questions, Exercises, and Practice problems from Chapters 4, 8, 9, and 10.

Demonstrate an understanding of process costing, budgeting, flexible budgets, standard costs, and variances.

Analytical Skills Technological Skills Global Awareness

Pre-Final Assignments: Students will complete Foundational questions, Exercises, and Practice problems from Chapters 4B, 11, 6, 7, 11, 12, 13

Lectures

Exams (two midterms and one final): Multiple-choice exam of all readings and PowerPoint presentations

Demonstrate an understanding of service departments, segment reporting, ABC, performance measurement, variable costing, relevant costs for decision making, and transfer pricing. Discuss important concepts and applications on topics in each chapter and the importance of ethics in managerial accounting. Apply the concepts discussed in class and managerial accounting tools to a variety of business contexts.

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Analytical Skills Technological Skills Written Communication Civic Awareness and Ethical Decision-Making Analytical Skills Oral Communication Civic Awareness and Ethical Decision-Making Analytical Skills Civic Awareness and Ethical Decision-Making Global Awareness

ACC3200 Fall 2021 Schedule Date 1

26-Aug

Th

2

31-Aug Tu

Topic

Textbook Chapters

An Overview

Prologue

Cost Concepts

Chapter 1

Homeworks Due (Title)

HW Problems

Found.Regular Excel Total

3

2-Sep

Th

Cost-Volume-Profit Relationships

Chapter 5

Chapter 1

1F; 1-14, 21

1

4

9-Sep

Th

Cost-Volume-Profit Relationships (5A)

Chapter 5 (incl. 5A)

Chapter 5(1)

E; 5F

1

5

14-Sep Tu

Job-Order Costing: Product Cost

Chapter 2 (incl. 2B)

Chapter 5(2)

5-11,20,22,28,30,32; 5A-1,2

6

21-Sep Tu

Job-Order Costing: Cost Flow

Chapter 3

Chapter 2

E; 2F; 2-11,13; 2B-1

1 1

7

23-Sep

8

28-Sep Tu

Th

9

30-Sep

10

5-Oct

11

7-Oct

12

12-Oct Tu

13

14-Oct

14

19-Oct Tu

15

21-Oct

16

26-Oct Tu

17

28-Oct

18

2-Nov

19

4-Nov

20

9-Nov

21

11-Nov

22

16-Nov Tu

23

18-Nov

24

23-Nov Tu

25

30-Nov Tu

26

2-Dec

27

7-Dec

28

9-Dec TBA

Th Tu Th

Th

Th

Th Tu Th Tu Th

Th

Th Tu Th

Job-Order Costing (excel)

Chapter 3A

Chapter 3(1)

3F; 3-4,5,7,11,13

Process Costing

Chapter 4 (excl. 4A)

Proctorio, Chapter 3(2)*

3A-4

Service Department Costing

Appendix 4B & Chap. 11 (512-515)

Chapter 4(1)

4F; 4-6,14,16,19

Review

Review Questions

Chapter 4(2)

4B-6; 11-18,22

2

35 1

25

1

55

8

1

3

80

5

65

1

10

4

55

3

30

Midterm Examination I

0

Master Budgeting

Chapter 8

Master Budgeting

Chapter 8

Chapter 8(1)

E; 8F

Flexible Budgets

Chapter 9

Chapter 8(2)

8-11,12,15,18,31

Standard Costs and Variances

Chapter 10 (incl. 10A)

Chapter 9

9F; 9-4,16,18,25

1

4

Standard Costs and Variances

Chapter 10 (incl. 10A)

Chapter 10(1)

E; 10F; 10-9,11

1

2

Activity-Based Costing

Chapter 7 (incl. App 7A)

Chapter 10(2)

10-14,16,17; 10A-8

4

40

Review

Review Questions

1

3

45

0

Chapter 7

7F; 7-10,17,18;

1

1 5

25 50 55