INTRODUCTORY MANAGERIAL ACCOUNTING Winter 2021 PDF

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Role of accounting in creation and application of business information used by decision-makers in the management of enterprise.This first course in managerial accounting introduces students to the use of accounting information for internal management decision-making. The internal user focus is a not...

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ACC 1110 A01 (3 CH) INTRODUCTORY MANAGERIAL ACCOUNTING Winter 2021 Wednesday 5:30 - 8:15 pm (A01)

CONTENTS CONTENTS ............................................................. 1

ATTENDANCE POLICY ............................................ 7

INSTRUCTORS........................................................ 1

ELECTRONIC DEVICE POLICY ................................. 7

COURSE DESCRIPTION........................................... 1

OUT-OF-CLASS COMMUNICATION ....................... 8

COURSE OBJECTIVES ............................................. 2

TENTATIVE CLASS SCHEDULE ................................ 8

COURSE FORMAT AND ONLINE ACCESS ............... 2

IMPORTANT DATES ............................................. 10

COURSE MATERIALS.............................................. 3

INTENDED LEARNING OUTCOMES ...................... 11

ASSESSMENT OF LEARNING .................................. 4

ACADEMIC INTEGRITY POLICY ............................ 12

COURSE CONDUCT ................................................ 6

STUDENT SERVICES AND SUPPORTS ................... 14

REGRADING PERIOD.............................................. 6

INSTALLING THE EXCEL APP ON YOUR DESKTOP OR LAPTOP .......................................................... 15

MISSED EXAM AND LATE SUBMISSION POLICY .... 7

INSTRUCTORS Name: Office: Email: Office hours:

Dr. Robert Biscontri, Ph.D., FCPA(Aust.), CPA, CGA Virtual Office https://zoom.us/j/5185731276 Meeting ID: 518 573 1276 [email protected] Hours are available Monday and Wednesday, please go to the following tool to book a time https://robertbiscontri.youcanbook.me Meetings will be on Zoom.

COURSE DESCRIPTION Role of accounting in creation and application of business information used by decision-makers in the management of enterprise. This first course in managerial accounting introduces students to the use of accounting information for internal management decision-making. The internal user focus is a notable contrast to the emphasis in financial accounting of reporting the results of a company’s operations to external users. The course is designed from the perspective of the general manager, and its primary purpose is to develop the ability to use rather than to prepare accounting information.

Specifically, this course should help you to  Apply basic cost concepts to develop costing systems that will determine the cost of a company’s products or services. Accurate cost data is an essential prerequisite for proper managerial decision-making.  Apply management accounting concepts and techniques in order to make wise choices between competing alternatives. This requires the ability to extract relevant information from accounting records, reports or statements, and to properly use this information.  Explain management control systems and utilize these concepts in evaluating the performance of managers, products, or economic units.

COURSE OBJECTIVES The course will also address the following learning goals:    

Ethics: students will be exposed to ethical situations in assigned homework questions and classroom discussions Communications: students will be encouraged to participate in classroom discussions and will be evaluated on written communication on examination papers. Quantitative methods: students will develop skills in basic quantitative analyses in assignment homework questions and classroom activities Critical thinking: students will be expected to determine which decision analyses are required in various situations, the underlying assumptions and limitations of the analyses, and what additional information should be considered.

COURSE FORMAT AND ONLINE ACCESS This course will be conducted “live” via videoconferencing using Zoom and will not involve in-person instruction. Classes will be during the scheduled class time. Zoom link will be made available through a UM Learn announcement. To join the class from your computer, install Zoom Client for Meetings from zoom.us/download. To join from your smartphone, install the Zoom app. Detailed instructions are available here. Please note that all classes will be recorded and the video recordings for the purpose of assisting students who have internet access issues or other accessibility challenged as required through SAS. You will be expected to have your camera and microphone functioning during class time and exams. The instructor may tell you to leave your camera/mic on for the duration of the class or may require you to mute yourself and unmute yourself only at certain times. Having your camera on during class is a sign of respect to your fellow students as well as the instructor. Having your camera off during class could be likened to coming to class but having your back to all students and the instructor.

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Classes comprise working through hands on questions covering some of the techniques used in the topic being covered. Students will be required to follow along with the hands-on in class questions. It is your responsibility to ask questions throughout the class if you are having problems. The chat function in Zoom will not always be monitored. These accounting and excel skills covered in classes will be incorporated in case studies and tests. There are two exams throughout the term. These exams will be held at the same time for all sections. They will have qualitative and quantitative components. All tests will require a laptop with UM Learn Lockdown Brower. A current version of Microsoft Excel that allows you to run Macros will be required to complete the case studies. It is your responsibility to make sure your computer is able to run Macros. There will be two individual cases due during the term. The members of the groups will be randomly allocated after the end of the add/drop period.

COURSE MATERIALS As classes will be delivered synchronously via videoconferencing, a device enabled with a camera and microphone is required. Further, you are expected to be in a location with a reliable Internet connection that is strong enough for streaming video. You may also want to consider using earphones/headset with a mic, unless you have a computer/tablet with good speakers/mic. For exams, which will be administered via the Respondus Lockdown browser and/or Respondus Monitor. For quizzes/exams using Respondus you will need a device (computer; tablet or smartphone will not work) with one of the following operating systems:  

Windows 10, 8, or 7 Mac OS 10.15 to 10.12, OS X 10.11, or OSX 10.10

You will need the Chrome browser. Other browsers such as Safari and Internet Explorer may not work correctly. A laptop or desktop is required for each class to follow the Excel based in-class work and illustrations. Your version of Excel must be able to run macros. Macros are required for most of the cases as well as the tests. Office 365 doesn’t not allow macros to be run so you will need to download the desktop app in order for them to work. There is a procedure to download the correct version of Excel at the end of the course outline. Your computer should also have an updated copy of Zoom. When logging into each of the classes you are required to use your full name as the log in ID. Students attempting to join the class using other pseudonym or screen names will not be allowed into the class. You should also ensure that you are able to log into UM Learn in order to be able to access class materials as well as the cases and tests. It is highly recommended that you use a computer with a second screen if possible. This is so that you can have both your Excel open at the same time as Zoom so you can work along with the instructor during class. It is not a requirement, merely a suggestion. Textbook Garrison et al. Managerial Accounting, Eleventh Canadian Edition (11th CE), McGraw Hill Ryerson: Garrison 11th CE print book with Connect ISBN = 9781260193770 or Garrison 11th CE Connect + eBook ISBN = 9781260193749 Do not throw away the Connect access code card included in the 11th CE that comes with your new 3 of 15

textbook. You need it to access the Connect site for assignments, e-book videos, and other resources. If you had purchased a copy of the new 11th edition prior term, the access code came with the text should be valid. McGraw Hill Connect Section: ACC 1110 Winter 2021 Registration for Connect will pre done through UM Learn. Check UM Learn for a link to the Connect site. Please note that to ensure your grades for the Connect system are recorded with your other grades you must register for connect through the link provided within UM Learn. ACC 1110 class materials in UM Learn course website are organized by chapter. In UM Learn, each section has a “How to procced” section to guide you through the learning process. Class materials in UM Learn include PowerPoint Presentation files, PPT. Assigned demonstration questions can be accessed through Demo Video links in UM Learn and Tutorial Videos via Connect course site under e-book/video. Access the course website via https://universityofmanitoba.desire2learn.com/d2l/login using your UMnetID account. Once you are at your UM Learn page, click on the ACC 1110 title. If you do not yet have an UMNetID account, go to the U of M home page, click on “current students” and go to “Activate UMnetID” in the “Online Services” section. That will take you through the University’s claim-id procedure. It is important to set your UM Learn profile to forward mail to the email address you use most often. That way, course announcements will be sent to that email address. Please respect copyright laws. Photocopying textbooks or other reading material is a violation of copyright laws and is unethical, unless permission to copy has been obtained.

ASSESSMENT OF LEARNING

Midterm Examination: Chapters 1 to 5 & 7

March 9th, 6:00pm – 8:00pm (Based on Central Time, CST)

35.0%

6 Connect On-Line Assignments: Assignment 1: Ch. 2 Assignment 2: Ch. 4 Assignment 3: Ch. 5 Assignment 4: Ch. 8 Assignment 5: Ch. 10 Assignment 6: Ch. 11 & Appendix

(2% each on best of 5) By 11:55 PM, Feb 5, 2021 By 11:55 PM, Feb 26, 2021 By 11:55 PM, Mar 5, 2021 By 11:55 PM, Mar 19, 2021 By 11:55 PM, Apr 2, 2021 By 11:55 PM, Apr 16, 2021

10.0%

Group Excel Case Assignments: Case 1 Case 2

(5% each) By 11:30 PM, Mar 19, 2021 in UM Learn Dropbox By 11:30 PM, Apr 21, 2021 in UM Learn Dropbox

10.0%

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Final Examination: (45%) Total

Cumulative Final Exam (3 hours) TBD

45.0% 100.0%

Letter Grades Of all the students who get 50% or over in the course: the top 5% of the class will get an A+ next 10% will get an A next 20% will get a B+ next 20% will get a B next 20% will get a C+ next 20% will get a C next 5% will get a D Getting less than 50% in the course will result in an F grade. The percentages listed will be adjusted to fit into the expected GPA for the course as prescribed by the Department Head. The Department Head approves all grade distributions prior to posting to Aurora. To protect the academic integrity of education at the Asper School, certain protocols will be observed for online exams. For instance, in some courses, the online exam will set up such that each student will get a random subset of questions from a larger question bank, which means no two students will get exactly the same exam. Further, a very small number of questions will appear on a screen and you may not have the option to move back to questions you have already answered. For exams, we will be using university-approved Respondus Monitor, which will require you to have your camera and microphone on for the entire duration of the exam. As the software detects any unusual movements, please sit in a location where there are no people/pets or other moving objects in the camera’s view during the exam. Group Excel Case Assignments: Both assignments are to be done in groups using Excel functions and templates provided. Save your final team work in the Excel Workbook before submitting in the Dropbox on UM Learn course website. Late, individual, or in-person paper-based submissions will not be accepted. Marks will be lost for not using the Excel functions or format. Individual score of each assignment will be adjusted accordingly to compute the end-of-term course grade. Groups will be assigned by the instructor when the registration revision period is over. It is suggested that you make a copy of your answer to check against the graded assignment. For both assignments, the credit is based on having certain check figures correct. Mandatory Connect Assignments for the 11th CE: You will receive full credit of 2.0% on each assignment when you score 100%. When scoring less than 100% on a Connect assignment, weighted credit is calculated according to your actual score on the assignment. For example, if you received 80% on Connect Assignment 1, your weighted credit is 2.0% x 80 = 1.6% of course grade. Be advised that you MUST hit “SUBMIT” to submit the assignment to Connect: it is not submitted automatically. Late assignments are not accepted. Examinations: Students are allowed to bring one 8.5-inch by 11-inch sheet, printed/written both sides, into the midterm and the final examination. Write your name and the last four digits of U of M student ID on the upper right-hand corner of the sheet. It is necessary to submit this sheet with the examination. You will be required to upload a copy of the sheet as part of the exam. Not submitting the 5 of 15

sheet will lead to marks deducted from the test. Cell phones can only be used during the exam to contact your instructor or IST. You must bring your student ID card to the exam. A driver license is not sufficient to prove your student status to write an examination with the University of Manitoba. End of chapter self-study questions: The Connect assignments are NOT sufficient preparation for this course. This course outline includes a list of self-study questions that should to be done at the end of each chapter. These questions are designed to allow students to review lecture material and to practice applying knowledge of each subject area. Reviewing the assigned Connect e-book video(s) before attempting the self-study questions will be helpful. Solutions of after-chapter problems are provided in the UM Learn course site. Students may benefit from working on questions with a study partner or in a small group. This will help ensure completeness of your individual responses. Questions will not be handed in for grading. It is each student’s responsibility to check their own responses against solutions in detail and to identify areas where improvement is necessary. Any persistent difficulties should be discussed with the instructor during office hours or by email.

COURSE CONDUCT Students are expected to:  Behave in a courteous and professional manner in all dealings with both their fellow students and the professor both in and outside of class. Students who exhibit behaviors that detract from the quality of the class (e.g., regularly arriving late or leaving early, talking to classmates during class, answering cell phones, obviously reading material unrelated to the class, listening to iPods, texting, surfing the internet or social media) may be asked to correct their behavior, or be asked to leave the Zoom call.  Having your camera on during classes is also that is expected of all students. Students without a camera on may be asked to leave the call or removed from the call.  Complete the text reading prior to class.  Review Connect e-book videos of assigned demonstration questions.  Review Self-Study Questions in a timely manner.

REGRADING PERIOD If there are any issues with the grading of and of your cases, assignments and exams it is your responsibility to inform your instructor within 7 days of the grade being released. The issue will be investigated and you will be informed of the outcome within a reasonable time after the deadline for all submissions. Submission will not be looked into until all submissions have been received and the deadline has passed.

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MISSED EXAM AND LATE SUBMISSION POLICY There is no make-up midterm examination. In all cases of midterm absence, the instructor should be advised within 7 calendar days of the examination date. Students who miss the midterm examination for legitimate reasons (medical, compassionate, or COVID-19 complications) and provide suitable documentation in time will have the weight of midterm exam put on the final exam. Note that a conflict with employment is not an excused absence considered by the University. If you miss any test for non-legitimate reasons you will be given a score of 0 (zero) for that test. There will be NO DEFERRED TEST privileges. Do not make travel plans before the Final Exam. I cannot let you take the exam earlier/later because you booked a flight ticket for a date earlier than the final exam. In the event you have to miss the Final Exam for a valid reason, a request for a deferred exam must be made at your home Faculty’s Undergraduate Program Office ([email protected], if you are an Asper student). Applying for a deferred exam does not guarantee your request will be granted. The Asper School has an approved list of events for which students are eligible for accommodation if a test is missed. Accommodation will be in the form of a make-up test during the exam period.

ATTENDANCE POLICY Attendance to the course lab is STRONGLY ENCOURAGED, but attendance is not mandatory. Attendance may be taken in the lab for purposes of evaluating the usefulness of labs but will not affect your grade in the course.

ELECTRONIC DEVICE POLICY Student are permitted and expected to have a laptop computer or appropriate tablet during all classes. It is the students’ responsibility that Excel, Lockdown and a compatible browsers to access UM Learn have been installed and function correctly in the Drake Centre. Work on laptops must be limited to course related activities. The use of any form of social media in class will not be tolerated and students will be required to leave the class immediately and will not be allowed to return till the next class. Use of cellphones and other mobile electronic devices (including watches) is not permitted in class under any circumstances. These devices are disruptive to other students and the instructor. Students found using their cellphones during class will be asked to immediately leave the class and will not be permitted to return till the following class. It is expected that phone are set to silent or preferably switched off during classes. Keeping phones on vibrate is not acceptable. Having a cellphone on your person or in your vicinity during a test will automatically constitute academic dishonesty and will be dealt with accordingly as per student discipline regulations. Please obtain the permission of the instructor prior to audio/video-recording a lecture.

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OUT-OF-CLASS COMMUNICATION PowerPoint files, assignment/project guidelines, other class-related files, and grades will be posted on UM Learn. Moreover, any announcements outside of class will be sent by e-mail from UM Learn. It is your responsibility to check your UofM e-mail account frequently so that you don’t miss these emails.

TENTATIVE CLASS SCHEDULE PPT stands for PowerPoint presentation. Homework Questions are assigned after-chapter questions from the textbook for self-practice purposes. PPT, Solution Manual to after-chapter questions, and Demo videos can be accessed via UM Learn/Resources/Content/Chapter. Tutorial are videos that come with the textbook can be accessed via Connect site/e-book/video.

Date Jan 20

Chapter/Topic Homework Introduction and Course Orientation 1- Manager...