Syllabus 501 - COURSEWORK PDF

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University of the Potomac Hybrid Course Syllabus Course Number: Course Title: Credits: Instructor Name: Instructor Email Address: Instructor Contact Number:

BUS 501 Managerial Accounting 3 credit hours

Office Hours: Campus: Term / Dates: Class Day / Time:

By appointment DC

Fekede Gindaba [email protected] (202) 531.4858

8A/ 7/1/2019 – 8/25/2019 Saturdays/ 1,3,5,7

Course Description: Introduces the learner to the concepts and procedures of managerial accounting from the perspective of the user. The course teaches how to think about accounting issues and covers cost accumulation and decision-making and control. Prerequisite / Corequisite: N/A Course Learning Outcomes: Upon successful completion of this course, students will be expected to:  

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Understand the major differences between financial and management accounting. Understand and explain how a balanced scorecard can represent cause-and-effect hypotheses of a company’s strategy across financial, customer, process and learning and growth perspectives. Explain how cost information supports important management activities such as product pricing, product planning, budgeting and performance evaluation. Discuss the concepts of direct and indirect costs and appropriately classify a cost using these concepts. Develop an activity-based cost system that directly traces resources costs to products. Explain why measuring customer profitability is especially important for service companies. Describe and demonstrate the value of just-in-time manufacturing systems.

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Describe and demonstrate the various kinds of benchmarking approaches.  Describe the total-life-cycle costing approach for managing product costs.  Discuss the importance of employee empowerment in the design of management accounting and control systems.  Explain the different types of operating budgets and financial budgets and the relationships among them.  Describe the role of budgets in service organizations and not-forprofit organizations.  Understand why organizations decentralize decision-making responsibility, the control and motivation issues that arise from this choice, and how organizations approach these control and motivation issues.  Understand the nature and scope of return on investment and economic value added approaches to evaluating economic performance and be able to compute return on investment and residual income measures.  Identify, explain, and demonstrate the components that model ethical accounting practices Textbook Information: 

Atkinson, A., Kaplan, R., Matsumura, EM, and Young, SM. (2012) Management Accounting : Information for Decision-Making and Strategy Execution, 6th Edition. Upper Saddle River, NJ : Pearson Education. This course uses the Pearson Labb for all reading and homework assignments as well as the Mid-term and Final Exams. Your instructor will provide you with the applicable registration information. Academic Policies and Procedures: All academic and non-academic policies and procedures are available in the University of the Potomac course catalog. For information on attendance, academic integrity, plagiarism, copyright infringement, or any other academic and non-academic policies or procedures, please refer to the University catalog. Methods of Instruction: A variety of instructional techniques will be used in this course including lectures, discussions, and activities. The instructor will lead discussions of course theory from the text book, and may include other assigned readings, case studies, team exercises, and group or individual projects. Final Grading Elements: BUS501 6/2019

Assignment

Number

Pre-Chapter Quizzes Post-Chapter Quizzes HW Assignments Mid-term Exam Final Exam Total

11 11 11 1 1 35

Points 15 15 35 135 150

Total Points 165 165 385 135 150 1,000

% 16.5% 16.5% 38.5% 16.5% 15% 100%

Grading Scale: Letter A AB+ B BC+ C C-

Quality 4.00 3.75 3.50 3.00 2.75 2.50 2.00 1.75

Percentage 94% - 100% 90% - 93% 87% - 89% 83 % - 86% 80% - 82% 77% - 79% 73% - 76% 70% - 72%

TURNING IN ASSIGNMENTS AND E-MAIL PROCEDURES Sending Assignments All homework assignments must be submitted through the Pearson Lab. Students will lose 10% per day for late assignments up to 3 days. After 3 days, assignments will not be accepted and a zero will be recorded. Exceptions can be arranged if the instructor is contacted ahead of time. Exceptions will also be made for documented emergencies. General e-Mail When sending emails please identify yourself fully by your name and class, not simply by an email address. In all emails sent to your instructor and/or other members of the class it is expected that students follow rules of common courtesy in all email messages. If any email is deemed inappropriate or offensive, they will be forwarded to an online administrator and appropriate action will be taken, not excluding expulsion from the course. Composing E-mail It is suggested that students compose emails on their computer using a word processor program like Microsoft Word first, then copy and paste them into an email messaging system on the Learning Management System. This way, students can retain a copy of all email communications and avoid unexpected email wipeouts. BUS501 6/2019

Responding to E-mail Most instructors will check their email Monday through Sunday. Online instructors are expected to respond to student questions within 24 hours. In the event of extenuating circumstances, the school will make every attempt to be sure the student has a response within a reasonable timeframe. Safeguards It is recommended that you back up your work and even make a hard copy for your personal record. INSTITUTIONAL INFORMATION Academic Integrity and Ethics The goal of the Academic Integrity Policy is to define what constitutes appropriate research and reporting methodologies in the academic community and to provide assurance that each student is able to work in an atmosphere free of intellectual dishonesty. Breaches of the Academic Integrity Policy are considered serious violations of trust and may result in censure, failure, or dismissal from the University. Academic dishonesty may take many forms, and each is considered an equally serious offense. For example: Plagiarism includes the intentional use or representation of the thoughts, ideas, of words of another as one’s own work in any assignment including the paraphrasing of information, the duplication of an author’s words or ideas without identifying the source and the failure to properly cite quoted material. Cheating includes the intentional giving or receiving (or attempts thereof) of any assistance not authorized in advance by the instructor, including the use of notes, copying or prior knowledge of examination materials. Plagiarism Detection Software To help provide an environment conducive to academic integrity, Potomac uses plagiarism detection software. Your instructor may use this software to make sure that no portion of an essay, research paper, or any writing assignment has been plagiarized from another source. Any student caught cheating or plagiarizing will receive a failing grade for the assignment and possibly for the course. For additional information on Academic Integrity and Ethics at Potomac, please see the current Academic Catalog. Library Services

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The University of the Potomac’s Learning Resource Center/Library is maintained at the Washington DC campus and provides Learning Resource Center support to the VA campus. A professional librarian oversees both locations and is generally available at the DC campus when classes are in session. At the ground campus, computers providing both internet access and Microsoft Office Suite are available for faculty, staff, and student use. The Librarian schedules instructional sessions on information literacy, library research skills, internet searching, commercial database searching, and any other library-related topic of interest to faculty and students. The library maintains a print collection of approximately 6,000 books. The library also provides access to over 3,400 periodical titles through the EBSCO Host and HWWilson databases. Additionally, the Global Road Warrior database provides country studies for 175 countries. The library also provides access to the Smarthinking tutorial service.

The library’s hours are posted at each campus location. Contact the Library: By phone - 202-274-2331 or 1-888-686-0876 ext 2331 By email – librar [email protected] There are links for ALL of our electronic resources in the Moodle Rooms via the student resources link. Global Road Warrior Country information on 175 countries   

URL: www.globalroadwarrior.com Login: potomrw Password: roadwarrior

If you have any questions, please see Professor Robinson in the library or contact your Student Services Advisor if you are an online student. Writing Style Potomac students are required to use the writing format of the American Psychological Association Sixth Edition (APA) in all formal writing assignments. Class Attendance Potomac College believes that attendance is necessary to meet course and program objectives. Attendance at every class is important for the following reasons: BUS501 6/2019

• Potomac College teaching strategies place an emphasis on collaborative learning which requires the presence of all students, whether in an online or an on-ground environment. • Institutional learning outcomes require student interaction in classrooms. Potomac policy requires that students attend at least 75% of their classes in order to be eligible for a passing grade. Thus, a student will automatically receive a failing grade if absent 5 or more times. Alternatively, the student may withdraw from the course. After 14 calendar days of consecutive absence a student will be withdrawn from their current classes. Any action taken due to excessive absences may affect financial aid and graduation dates. When scheduled holidays or inclement weather interfere with scheduled classes, instructors are responsible for establishing make up time and/or course work. Scheduled make up sessions, extended class sessions, additional assignments and individual conferences may be considered as make up alternatives. Make ups must be completed prior to the end of the session in which they occurred. On-line and Hybrid Attendance Attendance in online and hybrid courses is automated through Moodle. For on-line course, there are two attendance windows each week of a session.  

First – midnight Sunday through to midnight Wednesday, and Second – midnight Wednesday through midnight Sunday Participation in any one of the course activities during each attendance window will be considered as attendance.

For hybrid courses, students must attend one on-campus course every other week, and log onto Moodle and participate in one of the class activities at least once a week. Please contact your faculty directly for specifics on participation expectations. For additional information on Attendance please see The University’s Academic Catalog. Students with Disabilities Students wishing to avail themselves of special accommodations under the Americans with Disabilities Act must disclose special needs at time of admissions; accordingly, every effort is made to make reasonable accommodations. Certain programs may require manual dexterity. Please consult a campus Admissions Office for further information. For physically challenged students, Potomac is located on ground level or has appropriate elevator service with ramps to facilitate easy entry. Restrooms are equipped with wide doorways and bars to ensure accessibility. If a student wishes to request academic adjustment or auxiliary aids, please contact the Disabilities Coordinator. They may request academic adjustments or auxiliary aids at any time.

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Tutoring SMARTHINKING is a tutoring service that offers academic support. This service will connect you to a tutor anytime, from any internet connection. For Smarthinking.com access, please contact the librarian for registration information. Contact the library: By phone - 202-274-2331 or 1-888-686-0876 ext 2331 By email – librar [email protected] DC Campus Tutoring Options include Math and English - request information from your Professor if you are interested in tutoring services. Campus Security Potomac is committed to providing a safe environment for students to learn and staff to work. A copy of the latest campus security report and details on how to report a crime are available online at http://student.potomac.edu. Learning Resource Center Students may access the Potomac College Learning Resource Center via the internet. The Learning Resource Center will provide you access to all of the electronic resources available through University of the Potomac. • Website: http://opac.librar yworld.com/opac/si gnin.php • Username: potomac (all lower case letters) • Password: leave it blank • Click login

Course Learning Objectives Topic Module 1

Chapter 1 & 2 Understand the major differences between financial and management accounting.  Appreciate the historical evolution of management accounting to its present set of practices.  Understand how management accounting information is used for strategic and operational decision making.  Understand the steps of the 

July 1 - July 7

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Reading & Assignment    

Chapter 1 & 2 Readings Pre-Chapter Quizzes Post-Chapter Quizzes HW Assignments

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Module 2 July 8 - July 14

plan–do–check–act cycle and how each step defines a unique purpose and role for management accounting systems. Be sensitive to the behavioral consequences that result from the introduction of new measurement and management systems. Explain why both financial and nonfinancial measures are required to evaluate and manage a company’s strategy Understand how a Balanced Scorecard can represent cause-and effect hypotheses of a company’s strategy across financial, customer, process and learning growth perspectives. Explain why a clear strategy is vital for a company. Appreciate the role for a strategy map to translate a strategy into financial, customer, process, and learning and growth objectives. Select measures for the strategic objectives in the four perspectives of a company’s Balanced Scorecard and Strategy Map. Extend the Balanced Scorecard framework to nonprofit and public- sector organizations. Recognize problems that companies may experience when implementing the Balanced Scorecard and suggest ways to overcome them.

Chapter 3 & 4 

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Understand and be able to explain the important costrelated concepts in management accounting. Understand how cost information supports important management activities such as product pricing, product planning, budgeting and performance

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Chapter 3 & 4 Readings Pre-Chapter Quizzes Post-Chapter Quizzes HW Assignments

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Module 3

July 15 - July 21

Chapter 5 & 6  

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evaluation. Be able to model, interpret, and evaluate the effect of volume changes on costs and profits in simple organizations. Understand the important role of, and be able to use, the relevant cost concept in make or buy, product and department abandonment, costing orders and product mix decisions and be able to apply the relevant cost concept in simple situations. Describe the cost flows that take place in manufacturing, service, and retail organizations. Understand the concepts of direct and indirect costs and appropriately classify a cost using these concepts. Develop indirect cost rates for applying overhead costs to products. Evaluate a cost system to determine whether it is likely to distort product costs. Recognize how product and process characteristics define the appropriate structure of a costing system. Design and interpret basic job order and process costing systems. Understand the methods of allocating service department costs to production departments.

Understand how volume-based cost systems distort product costs. Describe why companies producing a more varied and complex mixes of products have higher costs than companies producing only a narrow range of products.

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Chapter 5 & 6 Readings Pre-Chapter Quizzes Post-Chapter Quizzes HW Assignments Mid-term Exam (1- 6).

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Module 4

July 22 - July 28

Chapter 7  

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Design an activity-based cost system that directly traces resource costs to products. Use the information from an activity-based cost system to improve operations and make better decisions about products. Understand the importance of measuring the practical capacity of resources and the cost of unused capacity. Appreciate the role for activitybased cost systems for service companies. Discuss the barriers for implementing activity-based cost systems and how these might be overcome. Appendix: Historical Origins of Activity-Based Costing. Assign marketing, selling, distribution, and administrative costs to customers. Measure customer profitability. Explain the differences between a low- and a high-cost-to-serve customer. Calculate and interpret the "whale curve" of cumulative customer profitability. Explain why measuring customer profitability is especially important for service companies. Describe the multiple actions that a company can take to transform breakeven and loss customers into profitable ones.

Explain the theory of constraints. Compare the different types of facilities layouts: process, product, and group technology. Explain lean manufacturing. Describe the concept of the cost of quality. Demonstrate the value of just-intime manufacturing systems. Explain kaizen costing. Discuss the various kinds of benchmarking approaches.

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Chapter 7 Reading Pre-Chapter Quizzes Post-Chapter Quizzes HW Assignments

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Module 5

Chapter 8 

July 29 - August 4     

Module 6

August 5 - August 11

Describe the total-life-cycle costing approach for managing product costs. Explain target costing. Compute target costs. Calculate the breakeven time for a new product development project. Select nonfinancial measures for product development processes. Identify environmental costing issues.

Chapter 9  

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Calculate the cost savings resulting from reductions in inventories, reductions in production cycle time, improvements in production yields, and reductions in rework and defect rates.

Understand the meaning of control. Identify the characteristic of a well-designed management accounting and control systems. Discuss key behavioral considerations in the design of a management accounting and control system. Explain the human resources management model of motivation. Apply the ethical control framework to decisions. Discuss task and results control methods. Understand how the Balanced Scorecard can be used to align employees to corporate and business unit objectives. Discuss motivation and dysfunctional behavior in management control systems. Discuss the importance of employee empowerment in the design of management accounting and control systems.

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