Course Outline COMM 305 EC-2 PDF

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Download Course Outline COMM 305 EC-2 PDF

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Managerial Accounting eConcordia Comm. 305-EC-2 Course Outline: Summer, 2020

Instructor

Office location:

Dr. Ibrahim Aly

MB 14-221

Tel:

Office hours:

514-8482424 EXT 4101

BY APPOINTMENT

E-mail: [email protected]

Course Co-ordinator: Dr. Ibrahim Aly Online Assignments Administrator: Dr. Ibrahim Aly Web-page Address site for On-Line Assignments Instructor

Section

Ibrahim Aly

EConcordia Section EC-2

URL-WileyPLUS www.wileyplus.com/class/772707

Legacy WileyPLUS Platform Textbooks and Other Materials

Textbook Weygandt, Kieso, Kimmel, Aly "Managerial Accounting tools for Business Decision-Making", Fifth Canadian Edition, John Wiley & Sons Canada, Ltd 2018. OR 1

ACCESS CODE FOR WILEYPLUS Weygandt, Kieso, Kimmel, Aly "Managerial Accounting tools for Business Decision-Making", Fifth Canadian Edition, John Wiley & Sons Canada, Ltd 2018.

Online Assignments  The access code for Wiley PLUS is provided free with new textbook purchases.  Purchase Access Code Only: From the Bookstore or http://ca.he.wiley.com

Additional resources In eConcordia web page, you will be able to find a subfolder entitled “Resource Center”. It includes: 1 A select number of past exams with solutions 2 The answer key to all assigned exercises, problems and cases 3 The standard power point slides for each chapter of the textbook, plus a summary of key points to remember

Prerequisites and Course Content COMM 217 is a pre-requisite for this course. This course has been designed to accommodate both accounting and non-accounting majors. Often referred to as “the language of business”, basic knowledge of management accounting is of fundamental importance to anyone wishing to take on a management posi tion. Regardless of their area of concentration, students will find that knowledge of management

accounting concepts and analytical tools can be applied in most business environments. In this course, you will learn management techniques that will become an essential part of your business repertoire. The knowledge you gain will be useful in any business context, regardless of your area of special ization. Keep in mind that managerial accounting is not just for accountants. The course will examine tra-

ditional cost accounting techniques such as variable costing, job-order costing, budgetary planning and control tools, as well as application of these techniques in more complex environments, such as cost-volume-profit analysis, relevant costs in decision-making, responsibility transfer pricing and more recent management accounting developments such as activity-based costing. By the end of this course, you should be able to: 1. Demonstrate knowledge of managerial accounting concepts and rules, and the characteristics managerial accounting information and its limitations.

of 2

2. Apply the core managerial accounting concepts of planning, control, and performance evaluation. 3. Analyze business situations, using managerial accounting techniques to solve problems and make informed decisions within an organization. 4. Demonstrate the use of ethical behaviour when applying managerial accounting techniques. Recommendations This course is DEMANDING and covers a lot of material. In order to succeed, we encourage you to do the following: 1 2 3 4

Read the textbook and review class notes; Practice the recommended exercises, problems and cases in the textbook; (Continue doing additional problems until you feel comfortable with a topic) Complete the weekly online assignments Attend one of the weekly tutorial sessions if you need help and guidance with your homework.

Failure to spend enough time on the above will result in difficulty during exams. Managerial accounting is a system. In order to understand how it works, there is only one safe method: PRACTICE, PRACTICE, AND PRACTICE.

Course Logistics Assignments: The exercises and problems recommended in the schedule of course assignments represent the minimum level of work required to succeed in the course. Students should attempt all assignments and will benefit most from class discussion having prepared the assignments in advance. Students are encouraged to attempt additional problems in order to enhance their competence of a particular topic. Online Assignments and all exams are on WileyPLUS: Each student should register at Legacy WileyPLUS Platform site as stated above to perform the weekly online assignments. You will have twelve assignments for the twelve chapters required for the course. Each assignment will be graded as pass or fail with two ATTEMPTS for each question. To get a passing grade for any chapter, you need to get a minimum of 60% of the TOTAL marks FOR the chapter. To know your marks in these assignments, you need to count the # of pass divided by 12 multiples by 10%. For example, if you have 11passes out of 12 assignments your marks will be 11/12X10%= 9.16 out of 10%. These assignments will be due on weekly basis. After the due date, you will be able to review the assignment only with no grade. Assignment ZERO is an introduction to WileyPLUS. It has no due date and WILL NOT COUNT FOR a GRADE.

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Assignment Zero

ON-LINE ASSIGNMENTS DUE DATES

CHAPTER 1 2 3 4 5 6 Midterm Exam in Class CH 1-6 7 8 9 10 Second Major Exam CH 7-10 11 12

DUE DATE JULY 5 AT 11 PM JULY 5 AT 11 PM JULY 12 AT 11 PM JULY 12 AT 11 PM JULY 17 AT 11 PM JULY 17AT 11 PM JULY 19 - 3 Hours AT 2:00 - 5:00 PM JULY 26 AT 11 PM JULY 26 AT 11 PM JULY 31 AT 11 PM JULY 31 AT 11 PM AUGUST 2 - 3 Hours Only AT 2:00 - 5:00 PM AUGUST 9 AT 11 PM AUGUST 9 AT 11 PM

Course Technology: The course is administered through eConcordia site and Moodle. Important announcements will be posted throughout the course on the course web page at eConcordia and Moodle. It is the student’s responsibility to be aware of them. All other notes or announcements on the course web page at eConcordia and Moodle are integral to the course and students are responsible for all information made available in this manner. Examinations and Course Evaluation There will be two majors and final exams. The First Major Exam will concentrate on material covered since the beginning of the course Chapters 1-6. The Second Major Exam will concentrate on material covered chapters 7 -10. The final exam will be comprehensive and will include all topics covered in the course. The date of the Final exam is to be determined by the University’s Examina4

tions Office. The two majors and final exams will be held online at the assignments tab, WileyPLUS. You will be able to see them at the date and times of the exams The university regulations governing the writing of alternate examinations will be adhered to. Refer to Undergraduate Calendar Sections 16.3.7 and 16.3.9. There will be no make-up for missing any of two major exams. If you have a valid reason for missing any major exam, your grade for it shall be determined based on the final examination. The rules customarily followed by the Faculty will govern absence from the final examination. The final grade for the course will be based on the following components:

GRADED ASSESSMENTS ASSESSMENT

%

On-Line Weekly Assignments

10%

First major exam on Sunday, JULY 19, Chapters 1- 6 at 2:00 – 5:00 PM

25%

Second major exam on Sunday, AUGUST 2, Chapters 7- 10 at 2:00 – 5:00 PM

25%

Final Examination

40%

(with 50% minimum requirement to pass the course)

TOTAL

100%

Numerical Scores and Letter Grades At the end of this course, the instructor will produce an overall score for the student’s performance on the various components of this course, and then convert that score to a letter grade. The following list provides the numerical equivalent of the letter grades that will be reported at the end of the term: Score

Lee

Score ter

Let-

Score ter

Let-

Score ter

Let-

90 – 100

A+

77 – 79.9 B+

67 – 69.9 C+

57 – 59.9 D+ 5

85 – 89.9 A 80 – 84.9 A-

73 – 76.9 B 70 – 72.9 B-

63 – 66.9 C 60 – 62.9 C-

53 – 56.9 D 50 – 52.9 D< 50 FNS

Please refer to section 16.3 of the Undergraduate Calendar for more information about the grading system, examinations, and performance requirements. (http://registrar.concordia.ca/calendar/16/16.html#16.3)

Assessment of Learning Objectives The learning outcomes are assessed through homework weekly assignments, midterm exams, and final examination. Assessment Tool Learning Outcomes Demonstrate knowledge of managerial accounting concepts and rules, and the characteristics of managerial accounting information and its limitations. Apply the core managerial accounting concepts of planning, control, and performance evaluation. Analyze business situations, using managerial accounting techniques to solve problems and make informed decisions within an organization. Demonstrate the use of ethical behaviour when applying managerial accounting techniques.

Weekly Assignments

Examinations (midterm and final)

Use of algorithmictype questions reTheory-based multiple-choice exam garding managerial questions accounting concepts and rules Application-based case questions

Application-based exam questions

Application-based case questions

Application-based exam questions

Multiple-choice exam questions

Multiple-choice exam questions

Academic Integrity The most common offense under the Academic Code of Conduct is plagiarism, which the Code defines as “the presentation of the work of another person as one’s own or without proper acknowledgment.” This could be material copied word for word from books, journals, internet sites, professor’s course notes, etc. It could be material that is paraphrased but closely resembles the original source. It could be the work of a fellow student, for example, an answer on a quiz, data in or a lab report, a paper or assignment completed by another student. It might be a paper purchased through one of the many available sources. Plagiarism does not refer to words alone - it can also refer to copying images, graphs, tables, and ideas. “Presentation” is not limited to written work. It also includes oral presentations, computer assignments, and artistic works. Finally, if you translate the work of another person into French or English and do not cite the source, this is also plagiarism. In simple words: 6

Do not copy, paraphrase or translate anything from anywhere without saying where you obtained it! (Source: http://provost.concordia.ca/academicintegrity/plagiarism/) Content belonging to instructors shared in online courses, including, but not limited to, online lectures, course notes, and video recordings of classes remain the intellectual property of the faculty member. It may not be distributed, published or broadcast, in whole or in part, without the express permission of the faculty member. Students are also forbidden to use their own means of recording any elements of an online class or lecture without express permission of the instructor. Any unauthorized sharing of course content may constitute a breach of the Academic Code of Conduct and/or the Code of Rights and Responsibilities

Tutorial Sessions Tutorial sessions will be available for all sections of COMM 305. A detailed schedule will be posted on Moodle (“All Sections” folder) at the beginning of the term. Please note that private tutoring companies, some of whom aggressively promote their services on and off campus, are not authorized by Concordia University to distribute flyers on University premises and may not use Concordia University facilities to promote or provide their services. Concordia University and its academic departments do not have any affiliation with these companies even though names such as JMSB, Concordia, or references to specific departments often appear in a visible way on some flyers.

Support Services Concordia University offers many on-campus support services that are available to students free of charge. The web link http://www.concordia.ca/students/help4u.html is a useful facility that guides students to a specific support service that can provide appropriate assistance.

We look forward to working with each of you. If we may help you at anytime, please let us know.

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Course Assignments

MEETING

CHAPTER

1

1

TOPIC Managerial Accounting http://video.wileyaccountingupdates.com/2011/08/20 /introduction-to-managerial-accounting/

Recommended Exercises (E), Problems (P) and Cases (C)

DO1-1, DO1-2, E1-3, 5, 6, C1-11

http://video.wileyaccountingupdates.com/2011/08/18 /managerial-accounting-today/ 2

2 3

Managerial Cost Concepts and Cost Behaviour Analysis Job-Order Cost Accounting http://video.wileyaccountingupdates.com/2011/08/23 /job-order-costing/

E2-21, 26, 27, P2-44A, 57B, 58B, C2-62 E3-19, 25, 28, P3-31A, 38A, 45B, C3-52

3

4

4

Process Cost Accounting

E4-22, 28, 32, P4-41A, 45A, 46A, P4-49B

http://video.wileyaccountingupdates.com/2011/08/06 /process-costing/ 5

5

Activity Based Costing http://video.wileyaccountingupdates.com/2011/06/15 /activity-based-costing/

6

6

Decision-Making: Cost-Volume-Profit

DO5-14, E5-21, P5-37A, 45B, 47B, 51B, C5-52

DO6-16, E6-23, 31, 35, P646A, 49A, 51A

http://video.wileyaccountingupdates.com/2011/03/09 /cost-behavior-and-cost-volume-profit-analysis/

7

7

8

8

9

9

http://video.wileyaccountingupdates.com/2011/08/23 /cost-volume-profit-calculations/ Incremental Analysis http://video.wileyaccountingupdates.com/2011/03/29 /incremental-analysis-and-managements-decisionmaking-process/ Alternative inventory Costing Methods: a DecisionMaking Perspective Pricing http://video.wileyaccountingupdates.com/2011/01/07 /pricing/

DO7-15, DO7-16, E7-30, P7-34A, 36A, 39A, 52B

DO8-12, 13, 14, 15, E8-16, P8-29A, 30A DO9-14, 15, E9-18, P9-30A, 39A, 60B, 64B

10

10

Budgetary Planning http://video.wileyaccountingupdates.com/2010/11/02 /test-video/

DO10-12, E10-25, 27, 29, P10-43A, 44A, 49B

11

11

Budgetary Control and Responsibility Accounting http://video.wileyaccountingupdates.com/2010/11/02 /budgetary-control-and-responsibility-accounting/

DO11-16, E11-20, 31, 33, 34, 35, 48A

12

12

Standard Costs and Balanced Scorecard* * Omit Appendix 12A http://video.wileyaccountingupdates.com/2011/06/15 /standard-costs/ http://video.wileyaccountingupdates.com/2011/08/08 /balanced-scorecard/

13

Review

9

DO12-14, 28, P12-40A, 41A, 45A, 48A, 54B...