BSMM-8110: Accounting Concepts and Techniques Section 1 and 2 Master of Management Winter 2022 Class meetings All Lectures are Pre-Recorded and Available Online On Demand Friday 6:30pm to 8:30pm E.S.T. – Live Weekly Tutorials Instructor Dr. Peter Savoni Office hours Tuesdays 8:00 pm E.S.T. to 9:00 pm E.S.T. Online in Blackboard Classroom and by Appointment Office OB415 Telephone 519-253-3000 Ext. 3127 E-mail psavoni@uwindsor.ca Course Website https://blackboard.uwindsor.ca/ Textbook Easton, Hasley, McAnally. Financial & Managerial Accounting for MBA’s; 6th Edition. Cambridge Business Publishers, ISBN 978-1-61853-359-3 Academic Director Dr. Christopher Fredette Email fredette@uwindsor.ca Program Administrator Robyn Herman Email hermanr@uwindsor.ca Student Experience Coordinator Jacqueline Hebert Email j.hebert@uwindsor.ca Career Advisor Coordinator Clementa Stan Email cstan@uwindsor.ca Graduate Secretary Sharron Wazny Email swazny@uwindsor.ca The Odette School of Business and the University of Windsor sit on the Traditional territory of the Three Fires confederacy of First Nations, comprised of the Ojibway, the Odawa, and the Potawatomie. CALENDAR DESCRIPTION: An examination of the core concepts of financial accounting, which includes the determination of income and the recognition, measurement and reporting of assets, liabilities, and owners’ equity. Different methods of the utilization of accounting information for business planning and management 1 problem solving will be explored. Core concepts of financial and managerial accounting such as financial statement analysis, tax considerations, cost-volume-profit analysis, budgeting, cost allocation, job order and process costing will be covered. The impact of ethical, regulatory, and environmental aspects on the interpretation and application of accounting information will be considered. COURSE DESCRIPTION: The course provides students with an introduction to the core concepts of financial and managerial accounting. The first part of the course will concentrate on financial reporting to users external to the organization. Issues of income determination and asset recognition and valuation will be considered. The emphasis will be placed on the study of accounting transactions and events in the context of International Financial Reporting Standards. The impact of ethical, regulatory, and environmental aspects on the interpretation and application of accounting information will be considered. The second part of the course will consider the users of financial information inside the organization, i.e. managers, and examine different methods and techniques for business planning and management problem solving including product costing-job and process operations, cost-volume-profit analysis, relevant costs and benefits for decision-making and operational budgeting decisions. MASTER OF MANAGEMENT ASSURANCE OF LEARNING (AOL) GOALS AND COMPETENCIES: Each Odette Program has competencies. Together, these define the knowledge, skills, and values possessed by our graduates. This course contributes to the following Master of Management program competencies through the course competencies listed below. For BSMM-8110 the following competencies are taught and tested where indicated: Program Competencies Course Competencies Decision Making & Problem Solving Analyze both qualitative and quantitative C1 Analyze both qualitative and data and findings; distinguish and evaluate quantitative data and findings; their relevance to the resolution of a distinguish and evaluate their relevance business issue. to the resolution of a business issue. Tested by Final Exam Midterm Exam MASTER OF MANAGEMENT COMPETENCIES: For BSMM-8110 the following competencies are also taught: Program Competencies Course Competencies Interpersonal Capacity C7 Graduate students will demonstrate a capacity for interpersonal interactions. Social Responsibility C5 Graduate students will demonstrate an understanding of social responsibility within the business context. Tested by Identify and apply appropriate team skills to constructively deploy diversity within teams to inform the resolution of international business issues. Recognize differences among the ethical and legal environments to evaluate and exercise responsible social behaviours in the international context. 2 LEARNING OBJECTIVES: The main aim of the course is to provide students with a robust understanding of the conceptual issues in accounting and how these are reflected in accounting standards. At the end of the course students should be able to: Explain the main financial and management accounting methods, techniques and principles. Describe and apply a conceptual framework for financial reporting. Identify the conditions and environments leading to various forms of national financial accounting and reporting Explain the international regulatory framework for financial reporting and apply the provisions to general examples Apply the requirements of International Accounting Standards to certain economic events and transactions undertaken by organizations. COURSE CONTENT AND SCHEDULE: All lectures are pre-recorded so you can review at your convenience. These lectures can be found in the resource tab in Blackboard. Class Dates Week 1 Jan 25,27 Content Module 1: Financial Accounting for MBA’s Practice Questions/Assessments P1-41; P1-42; P1-43 E2-30; P2-41; P2-42 Week 2 Feb 1, 3 Module 2: Introducing Financial Statements Module 3: Transactions, adjustments and Financial Statements Week 3 Feb 8, 10 Week 4 Feb 15, 17 Week 5 Feb 22, 24 Week 6 March 1,3 Module 4: Analyzing and Interpreting Financial Statements Module 5: Revenue, Receivables, and Operating Expenses E3-42; E3-44; P3-45; P3-47 E4-32; E4-38; E4-39; P4-42 E5-32; E5-40; E5-45; P5-51; P5-52 Module 6: Inventories, Accounts Payable and Long-term Assets READING WEEK E6-22; E6-23; P6-37; P6-38 Module 7: Current and Long-term Liabilities E7-30; E7-34; P7-47 Assignment #1 DUE – Feb 17, 2022 3 Week 7 March 8,10 March 2 - Module 8: Stock Transaction, Dividends and EPS. Week 8 March 15,17 Week 9 March 22, 24 Module 14: Managerial Accounting for MBA’s Module 15: Cost Behavior, Activity Analysis, and Cost Estimation Week 10 Module 16: CostMarch 29, 31 Volume-Profit Analysis and Planning Week 11 April 5,7 Week 12 April 12, 14 E8-35; E8-37; P8-49; P8-54 March 10 (MIDTERM – Modules 1,2,3,4,5,6,7,8) Details to be announced. . E14-21; E14-24; E14-26; MA14-30 Module 17: Relevant Costs and Benefits for Decision Making Module 22: Operational Budgeting and Profit Planning M15-13; E15-15; P15-25; p15-26 E16-17; E16-28; P16-30; P16-31 ASSIGNMENT #2 DUE – March 31, 2022 E17-18; E17-21; E17-24; P17-28; P17-32 E22-23; E22-28; E22-32; E22-35 The above schedule is subject to change. Students will be notified of any changes. Additional readings may be assigned as necessary. KEY DATES FOR EXAMS/ASSIGNMENTS: Date Feb 17, 2022 March 10, 2022 March 31, 2022 August 2022 Exam/Assignment Assignment #1 Midterm Exam Modules 1,2,3,4,5,6,7,8 – (Delivered Online – details to follow) Assignment #2 Final Exam – Modules 14, 15, 16, 17,22 (Delivered online - Date To Be Announced) GRADING: Grades will be assigned on the following basis: Assignment #1 Assignment #2 % 15% 15% 4 Midterm Examination Final Examination TOTAL 35% 35% 100 GRADING SCALE POLICIES: All course work is to be marked and final grades submitted using the 100% scale beginning September 1, 2013. In accordance with the Senate resolution, instructors are to submit whole numbers (e.g., 88, 76, etc.) as percentages. The following University-wide grade descriptors are in effect and will be printed on the back of transcripts: Letter Grade Percentage Range A+ 90-100 A 85-89.9 A80-84.9 B+ 77-79.9 B 73-76.9 B70-72.9 C+ 67-69.9 C 63-66.9 C60-62.9 F 0-59.9 EXAM/ASSIGNMENT DESCRIPTIONS: Practice Questions Practice questions have been assigned for each module. These practice questions can be found in the textbook at the end of each module. Although the practice questions are not graded, I strongly encourage you to attempt each practice question as these questions are reflective of the types of questions you will see on the midterm exam and final exam. Further, each Friday 6:30pm to 8:30pm E.S.T. the course teaching assistant Blerina Hoxha will be holding live tutorials. During these live tutorials, Blerina will be available to help you with all practice questions, and any other questions you have with respect to course content. These weekly tutorials will be held on Blackboard through the virtual classroom tab. These tutorials are NOT mandatory. They are made available to you should you decide to you require extra assistance with respect to these practice questions. Assignments ______________________________________________ There are two assignments. Assignment #1 covers topics in financial accounting and assignment #2 covers topics in managerial accounting. The assignments will be provided to you within the first few weeks of classes. These assignments are to be submitted no later than 11 p.m. E.S.T. on the respective due dates. Please submit your assignments to the course teaching assistant Blerina Hoxha at: hoxhab@uwindsor.ca MIDTERM EXAM The midterm examination comprises problem solving and decision-making questions relating to various financial reporting issues. Estimated length is 2 hours and will be on-line. Further details with respect exact time to be announced. 5 Final Examination The final exam comprises questions on managerial accounting issues. It will be available online with the final date and time to be determined. The estimated length of the final exam is 2 hours. ODETTE SCHOOL OF BUSINESS COURSE POLICIES: Please refer to the Odette School of Business Course Policies document for specific information on the following subjects. This Course Policies document is available electronically on each course website and in paper form outside each Area Secretary’s office on the 4th floor of the Odette building. (Adopted Fall 2009) Academic Integrity and Code of Conduct Missed Exams and Late Assignments Registration, Adding, and Dropping Courses Odette School of Business Grade Conversion Scale Odette School of Business Grading Policy Student Evaluation of Teaching (SET) MASTER OF MANAGEMENT PROGRAM ETIQUETTE: The Master of Management is a culturally inclusive program where students, faculty and staff recognize, appreciate, and benefit from diversity so as to enhance the learning experience. Promoting a culturally inclusive learning environment encourages individuals to collaborate and develop intercultural respect. The following outlines the protocol for Master of Management students while they are at the University of Windsor: All students will communicate in English at all times. It is important for students to continually improve language skills and be inclusive of others from different backgrounds. Students will demonstrate respectful behavior toward their peers and professors, regardless of culture, language, values, beliefs, or ideas SECONDARY DATA USE, EVALUATION, FOCUS GROUPS AND INTERVIEWS: This course will be evaluated as part of internal or external quality assurance processes and reporting requirements to funding agencies and as research data for scholarly use. As a student in this course your online student data will be used for evaluating the course delivery and your engagement in the various aspects of the course. This will only occur after final grades have been submitted and approved so it will no effect on your grade. This course data provides information about your individual course usage and activity during the time that you are enrolled in the course. Your anonymized, aggregated data may also be used in the future in reports, articles or presentations. During the final week of the course you may also be invited to participate in further research about the course. If you decide to participate you may be asked to fill out anonymous online questionnaires that solicit your impressions about the course design and student learning in the course. The survey participation is voluntary and no questions of a personal nature will be asked. Your participation will have no effect on your grade and your instructor will not know who participated in the surveys. 6 Finally, at the end of the survey you may also be asked if you want to participate in a focus group or interviews after final grades have been assigned to gather yours and other student opinions about specific course delivery methods and technologies used. COMMITMENT TO STUDENT WELLNESS: Feeling Overwhelmed? From time to time, students face obstacles that can affect academic performance. If you experience difficulties and need help, it is important to reach out to someone. For help addressing mental or physical health concerns on campus, contact (519) 253-3000: - Student Health Services at ext. 7002 (http://www.uwindsor.ca/studenthealthservices/) - Student Counselling Centre at ext. 4616 (http://www.uwindsor.ca/studentcounselling/) - Peer Support Centre at ext. 4551 24 Hour Support is Available - My Student Support Program (MySSP) is an immediate and fully confidential 24/7 mental health support that can be accessed for free through chat, online, and telephone. This service is available to all University of Windsor students and offered in over 30 languages. Call: 1-844-451-9700, visit https://keepmesafe.myissp.com/ or download the My SSP app: Apple App Store/Google Play. A full list of on- and off-campus resources is available at http://www.uwindsor.ca/wellness. Should you need to request alternative accommodation contact your Instructor, Program Administrator, or Director. 7
