ACC 2203 Syllabus Spring 2020 O3L PDF

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ACC 2203 Syllabus...

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ACC 2203-O3L Introduction to Managerial Accounting Spring 2020 - Baruch College, CUNY Professor: Mehmet Ozbilgin Office: VC 12-279 Office Hours: Tuesdays 10:30am-11:30am & Wednesdays 12:00pm–2:00pm Teaching Assistants (TAs): Office Hours:

Office Location:

Lu Tong

Tuesdays 4:00pm-6:00pm Wednesdays 2:00pm-4:00pm

VC 12-220E

Ge Dong

Thursdays 2:00pm-6:00pm

VC 12-222A

Tammy Lin

Fridays 12:00pm-4:00pm

VC 12-250G

Please feel free to go to any TA’s office hours regardless of whether you registered for that TA’s recitation section. EMAIL: [email protected] (for personal issues only; please post your questions on course materials or policies on the Discussion Board on Blackboard) COURSE OBJECTIVE. This course introduces you to four topics of vital importance to all managers—product costing, planning, control, and decision-making. Product costing involves finding costs of products/services a company offers. Planning involves establishing goals and specifying how to achieve them by budgeting for future costs, revenues, and cash flows. Control involves gathering feedback to ensure that the plan has been properly executed or modified as circumstances change. Decision-making involves selecting a course of action from competing alternatives. The above content is also enriched by data analytics exercises that require the use of Tableau and Excel to extract useful information from data. TEXTBOOK. The textbook is Introduction to Managerial Accounting, 8th Edition with Connect (Baruch College Edition), by Brewer, Garrison, and Noreen, published by McGraw-Hill. ISBN: 1260572064 (10-digit) or 9781260572063 (13-digit). This edition includes access to an online textbook and the Connect system online assignment system for two semesters. You can purchase the book at the Baruch bookstore or directly from the publisher at the flowing URL:

https://shop.mheducation.com/mhshop/productDetails?isbn=1260572064 If purchase the book from the publisher, the hardcopy of the textbook will come with a Connect access code that you need to enter for permanent access to Connect. Until the physical code arrives, you can have two weeks of Temporary Access. Please see page 4 for more information.

Please use your Baruch email address when registering for the course on Connect.

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IMPORTANT: − PLEASE PURCHASE THE TEXTBOOK ASAP: o TO FAMILIARIZE YOURSELF WITH THE MCGRAW-HILL CONNECT SYSTEM, AND o TO COMPLETE THE ONLINE ASSIGNMENTS ON TIME TO GET CREDIT TOWARD YOUR GRADE IN THE COURSE. PLEASE SEE PAGE 8 FOR THE ONLINE ASSIGNMENT DUE DATES. − THE ONLINE ASSIGNMENTS ACCOUNT FOR 50% OF YOUR COURSE GRADE. − IF YOU PURCHASED THE TEXTBOOK IN FALL 2019, YOUR ACCESS CODE FOR CONNECT MUST BE GOOD FOR THIS SEMESTER AS WELL – CHECK WITH MCGRAW HILL FOR ANY PROBLEMS. − WHEN REGISTERING FOR CONNECT, PLEASE USE YOUR FULL NAME WITH NO INITIALS OR ABBREVIATIONS (E.G. IF YOUR NAME IS JANE DOE, PLEASE DO NOT USE J. DOE OR JANE D. OR J. D.) YOU MUST ALSO USE YOUR BARUCH E-MAIL ADDRESS. IF WE CANNOT IDENTIFY YOU IN THE SYSTEM, WE CANNOT GIVE YOU CREDIT FOR ONLINE WORK. COURSE FORMAT AND IMPORTANT COURSE POLICIES. 1. This is an online course with an in-class midterm and an in-class final exam. 2. The midterm exam will be at 1:00 pm on Sunday, March 15. The classroom information will be announced. 3. The final exam is tentatively scheduled for 1:00pm-3:00 pm on Sunday, May 17. The classroom information will be announced. 4. There are no official in-class lectures or recitations for the course. 5. There are three groups of mandatory online assignments: a . Online Homework and Data Analytics Projects (to be completed on the McGraw-Hill Connect system). Some homework problems offer “Hints” which are videos showing the solution of similar problems. Please take full advantage of the “Hints” videos. b. LearnSmart (to be completed on the McGraw-Hill Connect system) c. Excel Project (administered by the Zicklin School’s Online Learning and Evaluation Center) 6. The above assignments have strict due dates. Late submission is not accepted for the McGraw-Hill Connect assignments. Please see page 8 for the online assignment due dates. Please also see the information at the end of the syllabus for the Excel Project. 7. These assignments will collectively account for 50% of your course grade. The remaining 50% will come from the in-class midterm and final exams. 8. I will post my narrated lectures on Blackboard for the material that I consider more important. Watching these lectures is optional but is highly recommended. 9. Please post your questions about the course materials on the Discussion Board on Blackboard. This allows everybody to benefit from reviewing the questions asked and the answers provided. If your question requires a long explanation, please visit us during the office hours. 10. The Student Academic Consulting Center (SACC) at Baruch promises to provide tutoring and review sessions for our course. You are encouraged to explore the resources the SACC has to offer. 11. BLACKBOARD. Blackboard will be the primary method of communication. It is your responsibility to check your emails and the announcements on Blackboard on a regular basis for any new information we will send/post. We will use the DISCUSSION BOARD feature of Blackboard that can be accessed on the left panel of the Course Blackboard page. Please post all your questions concerning the course materials (e.g. a homework problem you are having difficulty solving) on the Discussion Board.

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12. We do not manage any aspect of the SAM Excel project. It is an initiative managed by the Zicklin School to improve the Excel skills of our students. Please address any questions to SAM consultants at http://blogs.baruch.cuny.edu/excelhelp

PREPARATION, EXAMS, AND COURSE GRADES. Much of the exam material will be similar to the problems solved in the online assignments and the narrated lectures as well as the practice problem sets posted on Blackboard. Please be advised that the course will require considerable amount of study time. A few hours per week will not be sufficient. The course grade is determined as follows: Item Weighting Homework and Data Analytics Projects (on Connect) 30 LearnSmart (on Connect) 15 Excel Project (SAM) 5 Midterm Exam (in-class) 25 Final Exam (in-class) 25 100% The midterm exam will cover Chapters 1, 2, 3, 4, 6, and Appendix 6A. The final exam will cover Chapters 8, 9, 10, 11, and Data Analytics. Please see page 7 of this syllabus for any material omissions within these chapters. Online assignment and exam grades cannot be adjusted for special circumstances. The weights above are identical for every student such that submitting additional work (i.e. extra credit work) will not be accepted to compensate for poor assignment / exam scores. THERE ARE NO MAKE-UP EXAMS. In the event of an unforeseeable medical/family emergency (with appropriate written documentation), I will do the following: (a) if you miss the midterm, the weight from the midterm will be put on the final (i.e., the final will be cumulative for you and will be worth 50% of your course grade) or (b) if you miss the final, you will be able to make it up during the following semester. These exceptions will only be made if you provide written documentation showing that you missed the exam due to a valid emergency; otherwise, you will receive a zero for the missed exam. Please be advised that bringing a doctor’s note stating you were seen by a doctor is not sufficient documentation for this purpose. The note has to give specific date(s) stating that you should be excused from school on those dates due to illness. CALCULATORS. Computers, phones, or calculators with internet connection or camera capabilities are not permitted in exams.

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DATA ANALYTICS PROJECTS. There are 2 data analytics projects to be completed on Connect using Tableau and Excel. Tableau is a data analytics software with a user-friendly interface and a multitude of useful tools. The Tableau project requires downloading a large data set to analyze it to extract useful information for decision-making. Tableau is available at the computer labs at Baruch, and is also provided free of charge to students. If you wish to install Tableau on your computer, please follow these steps: 1. Download Tableau Desktop and Tableau Prep at the following URL: https://www.tableau.com/tft/activation 2. Select each product download link to get started. When prompted, enter your Baruch email address for Business E-mail and enter Baruch College for Organization. 3. Activate with your product key: TCOR-89C7-1140-3D5D-C18D The second data analytics project is an optimal capacity utilization problem when facing constraints. The project requires the use of the Solver function of Excel and illustrates the extent of efficiencies a firm can achieve with proper optimization. Please see the projects on Connect for the specifics. We will provide instructional videos to help you start working on these projects. SAM EXCEL PROJECT. The SAM Excel Project consists of 3 projects (that are separate from the data analytics project requiring the use of Excel as discussed above) to be completed via the SAM online platform. These projects are intended to improve your Excel skills and familiarize you with business spreadsheet applications. Successful completion of the 3 projects will constitute 5% of your final ACC 2203 grade. Please refer to the documents at the end of the syllabus for details on the Excel Project. CONNECT SYSTEM. The online assignments are administered using McGraw-Hill's Connect platform. To complete these assignments, you need to access Connect as follows: 1. Log into Blackboard, 2. Click the folder “LearnSmart on Connect” on the left side of the screen, 3. Click on the assignment “Chapter 1. Managerial Accounting and Cost Concepts”, 4. Click on “Launch”, which will open the McGraw Hill Connect screen, 5. For immediate (but temporary) access to the assignment, click on the “Access Now” icon under “Temporary Access”, 6. You need to follow the above steps for each assignment until the temporary access expires, 7. For permanent access to the assignments, you must enter the code that comes with the textbook. Follow the steps 1-4 above and enter the code in the box “Use Connect Code”. If you purchase the textbook through the McGraw-Hill catalog site whose link is given on page 1, your physical textbook will come with the Connect access code. Please use your Baruch email address when purchasing the textbook and registering for Connect. If you purchase the textbook at the bookstore, the code is included in the textbook. When registering for Connect, please use your full name with no initials or abbreviations (e.g. if your name is Jane Doe, please do not use J. Doe or Jane D. or J. D.) You must also use your Baruch e-mail address.

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If you experience technical problems, contact Connect technical support at (800) 331-5094. Operational hours are: Friday [12PM-2AM], Monday-Thursday [8AM-4AM], Friday [8AM9PM], and Saturday [10AM-8PM]. ONLINE HOMEWORK. Homework is very important for successful learning. Most people benefit from working on homework problems more than once. Homework must be submitted electronically via Connect. • A maximum of 3 submissions are allowed for each homework assignment. If you make more than one submission, only your highest score will be counted. • The system allows you to check your work by clicking on the “Check my work” hotlink at the bottom of the page after entering your answers in the cells. You can use this feature as many times as you want before submitting your answers. • The system does not provide for late homework, handwritten solutions, print-outs on paper, spreadsheets, e-mails, or excuses. Please pay close attention to the homework due dates indicated in the course schedule. • Under no circumstances will a student receive credit for homework after the submission is due. Therefore, students should not wait until the last minute to do their homework. My experience suggests that students can take short-cuts when preparing and submitting homework assignments using online systems. Students may try to do the homework before they read the textbook; they may do homework in teams and submit answers developed by others; they may guess at answers and be able to submit the correct answer without really understanding how to do the problem. Do not take any of these shortcuts. Exam questions often times are similar to the homework problems. If you cannot do the homework problems on your own, you are unlikely to do well on the exams when similar questions are asked. LEARNSMART. LearnSmart is another important learning tool developed by McGraw-Hill. It has a smart book feature that is very practical for studying the course material. There are LearnSmart assignments for each chapter. These assignments are just as essential as online homework for both earning significant credit towards your course grade and building knowledge to prepare for the exams. Just as for online homework: •

Under no circumstances will a student receive credit for a LearnSmart assignment after its due date. Therefore, students should not wait until the last minute to complete their LearnSmart assignments.

I’d recommend watching the YouTube videos at the following link to familiarize yourself with the Connect system (copy and paste in your web browser): https://www.youtube.com/watch?v=Bt9aMIxFRR4 The following video provides more detail on how to use various features in LearnSmart (copy and paste in your web browser): https://www.youtube.com/watch?v=ZgXzufdO54M

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STUDENTS WITH DISABILITIES. Students with disabilities may be eligible for a reasonable accommodation to enable them to participate fully in courses at Baruch. If you feel you may be in need of an accommodation, please contact the Office of Services for Students with Disabilities at (646) 312-4590. ACADEMIC HONESTY. 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. Academic dishonesty by a student will likely result in the student receiving an F grade in the 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 https://www.baruch.cuny.edu/academic/academic_honesty.html

ACCOUNTANCY MISSION. The Stan Ross Department of Accountancy seeks to advance the knowledge and practice of accountancy and taxation and to serve the local and global communities with high-quality, high-value public higher education, and rigorous and innovative scholarly research. We strive to accomplish our missions by: • Capitalizing on the diversity of the Zicklin School of Business and its location in New York City. • Attracting, developing, and maintaining an outstanding and diverse student body and faculty. • Preparing students for careers in accountancy and taxation by equipping them with the skills necessary to make effective and ethical decisions. • Empowering students to work successfully with coworkers and clients, to communicate effectively, and to be productive leaders and team members. • Providing opportunities for faculty and students to interact with the accounting and tax communities. DISCLAIMER: Changes to the syllabus may be made at the discretion of the Professor.

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TEXTBOOK MATERIALS TO BE COVERED Chapter 1: Managerial Accounting and Cost Concepts This chapter explains how managers need to rely on different cost classifications for different purposes. The main purposes emphasized in this chapter include assigning costs to products, accounting for costs in companies, predicting cost behavior in response to changes in activity, and decision making.

Chapter 2: Job-Order Costing - Calculating Unit Product Costs (Skip Multiple Predetermined OH Rates, pp. 74-77) Managers need to assign costs to products to facilitate internal planning, controlling, and decision making and for external financial reporting. This chapter illustrates an absorption costing approach to calculating product costs known as job-order costing.

Chapter 3: Job-Order Costing – Cost Flows and External Reporting Companies use job-order costing to calculate cost of individual jobs. This chapter describes how companies use joborder costing to prepare a balance sheet and an income statement for external reporting purposes.

Chapter 4: Activity-Based Costing Overhead costs cannot be easily traced to products. Using a plant-wide predetermined overhead rate as described in Chapter 3 is simple but may inaccurately assign costs to products. Activity-based costing is an alternative that attempts to accurately assign overhead costs to products for financial reporting and other purposes.

Chapter 6: Cost-Volume-Profit Relationships (including Appendix 6A) (Skip Cost Structure and Sales Mix, pp. 237-243) Cost-volume-profit (CVP) analysis helps managers understand the interrelationships among cost, volume, and profit by focusing their attention on the interactions among the prices of products, volume of activity, per unit variable costs, total fixed costs, and mix of products sold. It is a vital tool used in many business decisions such as deciding what products and services to offer, what prices to charge, what marketing strategy to use, and what cost structure to maintain.

Appendix 6A: Analyzing Mixed Costs Chapter 6 assumed that all costs could be readily classified as variable or fixed. In reality, many costs contain both variable and fixed components – they are mixed costs. The purpose of this appendix is to describe various methods that companies can use to separate mixed costs into their variable and fixed components, thereby enabling costvolume-profit analysis

Chapter 8: Master Budgeting (Skip Direct Labor, MOH, and Ending Finished Goods Inventory Budgets, pp. 349-351) This chapter describes how organizations define their financial goals by preparing numerous budgets that collectively form an integrated business plan known as a master budget. The master budget communicates management’s plans throughout the organization, allocates resources, and coordinates activities.

Chapter 9: Flexible Budgets, Standard Costs, and Variance Analysis (Skip 401-416) This chapter explains how to prepare flexible budgets and how to compare them to actual results for the purposes of computing revenue and spending variances.

Chapter 10: Performance Measurement in Decentralized Organizations (Skip 479-481) Managers in large organizations have to delegate some decisions to those who are at lower levels in the organization. This chapter explains how responsibility accounting systems, return on investment (ROI), residual income, operating performance measures, and the balanced scorecard are used to help control decentralized organizations.

Chapter 11: Differential Analysis - Key to Decision Making Making decisions is one of the basic functions of a manager. To be successful in decision-making, managers must be able to perform differential analysis, which focuses on identifying the costs and benefits that differ between alternatives. The purpose of this chapter is to develop these skills by illustrating their use in a wide range of decision-making situations.

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COURSE OUTLINE ASSIGNMENTS AND DUE DATES Chapter/Project/ Exam

Chapter 1 Chapter 2

Online Homework (End-of-chapter LearnSmart Due Date problem numbers in 2nd line) Chapter 1 9-Feb 1-4, 11, 15 C...