Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
COURSE INFORMATION
Course title:
Course code:
Session and term:
Section(s):
Course duration:
Division:
Course email
CCCCCC
Managerial Accounting
COMM 294
2019W2
201
202
Jan 6 – April 8, 2020
Accounting and Information
Systems
Credits:
3.0
Class location: M/W: HA098
Class times:
M/W: 10:00am – 11:30am
M/W: 11:30am – 1:00pm
Tutorials:
Fridays (optional)
Pre-requisites: COMM 293
C294@sauder.ubc.ca
INSTRUCTOR INFORMATION
Instructor:
Course website:
Email:
Robert Jackes BA, LA, CPA, CA
canvas.ubc.ca
Office location: HA 376
Office hours: TH 1-3 pm or by appointment
rjackes@sauder.ubc.ca
COURSE DESCRIPTION
This course focuses on the use of accounting information in efficiently operating an organization. The
concepts are sufficiently general to be applicable in both profit and not-for-profit organizations, but most
of our discussion will deal with profit-oriented firms. Management accounting has two major roles:
Decision-Facilitating role: Managers have the responsibility and authority for making decisions with
respect to the use of the firm’s resources. To do this effectively they must identify the alternative actions
and strategies available to them, predict the possible consequences of those actions or strategies, and then
choose the strategy course of action that has the most preferred predicted outcome. Management
accounting systems can be effective tools both in providing financial information that is useful in
predicting the possible consequences of alternative actions and to identify where corrective action may be
required.
Decision-Influencing role: A manager is sometimes the sole owner of a firm, but more generally
managers are employees or own the firm jointly with others. The choices made by a manager will depend
on the predicted consequences that are of personal concern to her/him and her/his preferences with
respect to those consequences. Consequently, the manager may not make the choices most preferred by
the owners. To mitigate this problem, the firm’s owners (or higher level managers) frequently establish
formal or informal incentive systems that are designed to motivate the manager to choose the actions that
they prefer.
An organization's accounting records must provide the information necessary to prepare the financial
statements reported to investors, bankers, unions and others who are not part of the firm's management.
These statements must be prepared in accordance with generally accepted accounting principles (GAAP),
particularly if the statements are audited. However, the information reported to management need not be
prepared in accordance with GAAP. Management wants the information that is most useful in operating
their organization, and that may differ from the information used to satisfy GAAP.
1
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
COURSE FORMAT
1. Lectures
Class time will be used for a combination of lectures and solving sample problems. Attendance is
expected to accomplish the learning objectives below. Lectures and sample problems will assume that
students having pre-read the corresponding chapters as listed in the course schedule below.
2. iClicker
We will use the iClicker regularly in class lectures to answer sample problems. Please ensure that you
bring your iClicker to class.
3. Tutorials (Fridays)
Friday tutorials are not a required activity for this course. Experience has shown that within these large
class formats, student who attend tutorials will do much better in the course than if they did not attend.
Please refer to the final page of this course syllabus for the dates, time, location and topics.
LEARNING OBJECTIVES
By the end of this course, students will be able to:
• Define and classify cost accounting concepts used by managers.
• Calculate and analyze costs incurred by organizations using various costing methods.
• Distinguish between types of cost behaviour and investigate the relationships between costs, volume
and profit.
• Apply techniques to prepare a budget and evaluate actual results compared to the budget.
• Identify standard costs and evaluate variances.
• Describe how management accounting utilizes financial accounting information for the measurement
of performance of individuals and business segments.
• Apply management accounting principles to facilitate the analysis of information that is relevant in
decision making.
ASSESSMENTS
Summary
Chapter Pre-test (before class)
Online assignments (after class)
Midterm examination
Final examination
5%
15%
35%
45%
100%
Total:
2
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
Details of Assessments
1. Examinations
• Exams contain between 15-25% conceptual/qualitative materials.
• To pass the course you must achieve a passing grade on the combined average of the mid-term and
final examinations. [(MT%x35% + FINAL%x45%) >= 40% (i.e. 50% of the 80% allocated to the
exam component]. Regardless of your average marks in the course, if you do not achieve a passing
grade on the combined average of the mid-term and final examinations, the highest mark
attainable for the course is 47%.
• There will be one midterm exam held in the evening. See course schedule for details.
• The midterm and final are both blended exams. The paper components of the exams are marked by
the instructor and/or teaching assistants. Electronic components of the exams are marked
automatically on CANVAS.
• The final exam will focus on content after the midterm cut-off and will not include directly
cumulative questions.
3
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
2. Chapter pre-tests
Prior to class delivery, there will be a chapter pre-test for each chapter on CANVAS (“Chapter pretests” tab). These are designed to introduce upcoming content, encourage students to read before classes,
and attend classes with questions. These are generally (but not always) assigned once per week and
typically (but not always) due the night before the introduction of a new chapter. Each test has 10-15
multiple choice questions. These tests are generally not difficult. Late chapter pre-tests will not be
accepted.
3. Assignments
Assignments will be on-line using WileyPlus and will be presented on CANVAS (“Modules” tab) about a
week before they are due. On-line assignments will be given an exact time and date when they must be
completed and submitted. Late assignments will not be accepted. Students will receive three attempts for
each assignment.
Assignments are not group assignments, so be sure to submit individual work.
The purpose of the assignments is to keep you current with the material that we are covering. It is unwise
to leave the material to study the night before the examinations. The assignments and chapter pre-tests
will help you prepare for the examinations as they are primarily a self-study component where you
practice your knowledge and receive immediate feedback.
Students will receive a notification as marks get updated in Canvas after the assignment due date.
WileyPlus assignments are each worth an equal percentage even where the number of points for each
assignment differs. Late assignments will not be accepted.
4. Attendance and Participation
Although you are not graded for attendance or participation, participating enriches the learning experience
and provides you with an opportunity to share your thoughts and questions with the class. We will be
using the iClicker to participate in certain problem-solving exercises.
Based on past experience, students that attend lectures and are engaged during the lecture tend to achieve
a significantly better mark in the course.
LEARNING MATERIALS
Reading Materials:
1. Required Textbook: “Financial & Managerial Accounting, Third Edition” by Weygandt, Kimmel
and Kieso (Wiley) (ISBN 9781119532415), (ISBN 9781119647737 / (print version))
Note: There are different formats available. Any of the following are acceptable:
• FINANCIAL & MANAGERIAL ACCOUNTING (BINDER READY) W/ ETEXT +
WILEYPLUS
• FINANCIAL & MANAGERIAL ACCOUNTING W/ ETEXT + WILEYPLUS
ACCESS
• ETEXT + ACCESS CODE: FINANCIAL & MANAGERIAL ACCOUNTING 3/E
(WILEYPLUS)
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Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
• If you need to purchase text materials for this term, you must do this via the bookstore
at UBC otherwise you will NOT have integration with Canvas. This course requires
the use of the publisher’s “Wiley Plus” on-line course resources, so make sure you
have an access code for WileyPlus with the book you’re purchasing (or have
purchased). Once purchased, you must access WileyPlus through Canvas ONLY.
The Text that you purchased for Comm293 will automatically grant access to Comm294 material.
Older versions of the textbook are not acceptable, as page references and problem assignments &
solutions used in this course will only refer to the Third Edition. If you took the course with another
edition or without the Canvas integration, but did purchase WileyPLUS access to some form of this
text, please send me an email and I will provide your name and student number to Wiley to ensure that
you are added to WileyPlus through Canvas.
2. Slides + In-class problems (posted on CANVAS, tab “Modules”):
The slides and in-class problems are used throughout the course. You should have these documents for
each lecture with you starting the second day of class. We will use this package to collaboratively develop
an understanding of managerial accounting and its key decision-making tools. These documents are
designed for you to fill them in during the lectures, so please make sure to bring a hardcopy that you
can write on. You will be responsible for filling them in during lectures, and filled-in copies will not
be provided afterwards. Plan to attend lectures.
Other Learning Resources:
•
canvas.ubc.ca:
The CANVAS site will contain the critical files for the course, including slides, in-class problems,
assignments, and chapter pre-tests. Students are advised to check CANVAS prior to every class for
updates and announcements.
•
Review/Supplementary Problems:
Completing as many exercises and problems as possible is an integral part of the course requirements.
The exercises and problems provide examples of procedural and conceptual issues and are intended to
assist you in understanding and responding to technical and discussion/essay-type questions
encountered during the course and on examinations. WileyPlus provides a significant number of
problems for you to practice. I will provide a list of recommended textbook problems on CANVAS.
•
"Practice" Examinations:
There will be one practice midterm and one practice final examination with solutions posted on the
CANVAS site. The assignments and supplementary review problems, in conjunction with your
reading and class discussions, will equip you to successfully complete the examinations. The
examination questions will be comprehensive in nature, requiring you to thoughtfully integrate your
knowledge providing quantitative and qualitative responses.
5
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
COURSE-SPECIFIC POLICIES AND RESOURCES
Missed or late assignments, and regrading of assessments
•
•
•
Except as described below, missed or late assignments and chapter pre-tests will receive a mark of
zero.
Students that miss a chapter tests prior to joining the course (i.e. during the add/drop period) will have
the related test weighting allocated to the other tests.
Assignment, chapter pre-tests or exam marks: If you feel you have been wrongly assessed, please
review your work against the suggested solution with a TA. Prepare a written request indicating why
you feel the marking was not appropriate. Submit your request within one week of receiving the
mark for your assignment, chapter pre-tests or for the midterm exam, or it will not be considered.
Your work will be re-marked, as well as the entire document. This may result in an increase,
decrease or no change in your total mark. You are also encouraged to keep the “magnitude” of
marks in context. Any one question on an exam, assignment or on-line assessment will only account
for a very small percentage of your overall grade.
Please note that I do not discuss assignment, on-line assessment or exam marks in-person with
students.
Academic Concessions
Midterm Exam
Class members must make every effort to inform the instructor of any absence prior to missing the
midterm exam and supply appropriate documentation relating to their absence to the Sauder
Undergraduate Office (UGO) within the UGO’s specified time frame of any examination. Should the
UGO accept the documentation, the student may be given a “makeup exam” toward the end of the term
or, at the discretion of the instructor, the MT marks may be allocated to the final exam. If the
documentation is not provided or is not accepted, the student will receive a mark of zero on the midterm
exam.
Final Exam
Class members who miss the final examination will have their standing in the course evaluated by the
Sauder Undergraduate Office (UGO). If a deferred standing is granted by the UGO, these members will
be advised of their writing date set by the Registrar.
Assignments and chapter pre-tests
Students that receive an academic concession through the Sauder Undergraduate Office (UGO) for a
missed assignment (chapter pre-test) will have the related assignment (chapter pre-test) weighting
allocated to the other assignments (chapter pre-test) completed.
Other Course Policies
Please treat each class as a business meeting. As such, it is important to act professionally:
•
•
Be on time
Be prepared and attentive
•
•
Be courteous and attentive to fellow students
Turn off all electronics, except as needed for class (no social media
6
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
•
•
Be ready to engage
Be open to ideas
•
•
permitted during class)
Communicate in advance via CANVAS inbox if you are unable to attend
Prepare for each class (advance readings, course notes)
• Lectures may NOT be recorded
•
Please arrive on time for class. Lateness is a major disruption to the class. If I have begun speaking
when you enter the room, you are late – something that is not tolerated within the business world. If
you are late, please sit in the back row to minimize your disruption of the class. It is disrespectful to
the entire class to be regularly late.
Please be aware that chatter is heard clearly at the front of the room. Please do not talk while I am
speaking as it is rude and disruptive. I may ask you to stop or even to leave the room.
Talking on cell phones, texting and cell phone alerts of any type are all considered disruptions – cell
phones must be turned off and put away.
Repeated disruption may affect your mark.
•
We will be using the iClicker often during class.
•
•
•
This is an accounting course involving quantitative problems and analysis. Therefore,
you should always have paper to write on, a pen or pencil and a calculator with you for
class or, you may use a tablet or laptop for taking notes.
Listening, observing, participating and writing are the keys to internalizing the material
for this course. So, for instance, writing what is put on the screen / whiteboard (not
taking pictures of the screen with your smartphone) is the best way to learn.
And you should always plan to have a working calculator with you for exams!
(WE DO NOT KEEP EXTRAS)
UNIVERSITY POLICIES AND RESOURCES
UBC provides resources to support student learning and to maintain healthy lifestyles but recognizes that
sometimes crises arise and so there are additional resources to access including those for survivors of
sexual violence. UBC values respect for the person and ideas of all members of the academic community.
Harassment and discrimination are not tolerated nor is suppression of academic freedom. UBC provides
appropriate accommodation for students with disabilities and for religious observances. UBC values
academic honesty and students are expected to acknowledge the ideas generated by others and to uphold
the highest academic standards in all of their actions. Details of the policies and how to access support are
available on the UBC Senate website at https://senate.ubc.ca/policies-resources-support-student-success.
7
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
Academic Integrity
The academic enterprise is founded on honesty, civility, and integrity. As members of this enterprise, all
students are expected to know, understand, and follow the codes of conduct regarding academic integrity.
At the most basic level, this means submitting only original work done by you and acknowledging all
sources of information or ideas and attributing them to others as required. This also means you should not
cheat, copy, or mislead others about what is your work. Violations of academic integrity (i.e.,
misconduct) lead to the breakdown of the academic enterprise, and therefore serious consequences arise
and harsh sanctions are imposed. For example, incidences of plagiarism or cheating may result in a mark
of zero on the assignment or exam and more serious consequences may apply if the matter is referred to
the President’s Advisory Committee on Student Discipline. Careful records are kept in order to monitor
and prevent recurrences.
COPYRIGHT
All materials of this course (course handouts, lecture slides, assessments, course readings, etc.) are the
intellectual property of the instructor or licensed to be used in this course by the copyright owner.
Redistribution of these materials by any means without permission of the copyright holder(s) constitutes a
breach of copyright and may lead to academic discipline. Audio or video recording of classes are not
permitted and no photos are permitted of course content.
8
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
COMM 294, Section 201/202(AS
Lect.
#
AT 1/05/20) Schedule (subject to change without notice)
General Nature of the Topics
Managerial accounting and the business env.
Cost Terms, Concepts and Classifications
To Read*
CH14
CH18 L01**
1
1
2
Date
Mon. Jan. 6
Wed. Jan. 8
2
3
4
Mon. Jan. 13
Wed. Jan. 15
Cost Terms, Concepts and Classifications
Job-Order Costing
CH20 L01
3
5
6
Mon. Jan. 20
Wed. Jan. 22
Job-Order Costing
Activity Based Costing/Management
CH15
CH17
4
7
8
Wed. Jan. 27
Mon. Jan. 29
Activity Based Costing/Management
Cost Behaviour: Analysis and use
CH17
CH18 L01, 02
5
9
10
Wed. Feb. 3
Mon. Feb. 5
Cost Behaviour: Analysis and use
Cost-Volume-Profit Analysis
CH18 L01, 02
CH18 L03, 04, 05
6
11
12
Wed. Feb. 10
Mon. Feb. 12
Cost-Volume-Profit Analysis
Budgeting
Ch19 L01, 02, 04
CH22
Mon. Feb. 17
Wed. Feb. 19
NO CLASSES: Mid-term Break
13
14
Mon. Feb. 24
Wed. Feb. 26
Thu. Feb. 27
Budgeting
CH23 L01, 02
No lecture in lieu of midterm
*Midterm Exam: 7pm – 9:30pm, location TBA
15
16
Mon. Mar. 2
Wed. Mar. 4
Standard Costing & Variance Analysis
17
Mon. Mar. 9
18
Wed. Mar. 11
Variable vs. Absorption costing
19
Mon. Mar. 16
Reporting for Control: Segmented Reporting
20
Wed. Mar. 18
Reporting for Control: Segmented Reporting
Week #
7
8
9
10
12
13
14
Mon. Mar. 23
CH15
#1
#2
#3
#4
CH24
MT review
Appendix 21A
11
21
Assignment
due week of
CH23 L04
Appendix 23A
CH23
Appendix 23A
Reporting for Control: ROI & RI
CH23
Appendix 23A
22
Wed. Mar. 25
Transfer Pricing
CH21 L04
23
24
Mon. Mar. 30
Transfer Pricing
Wed. Apr. 1
Relevant Costs for Decision Making
CH21 L04
CH20
25
Mon. Apr 6
Relevant Costs for Decision Making
CH20
26
Wed. Apr. 8
TBD
Relevant Costs for Decision Making
FINAL EXAM – during exam period
CH20
9
#5
#6
#7
Introductory Managerial Accounting
COMM 294, Sections 201 & 202
Course Outline & Syllabus, January, 2020
*
The outline specifies dates on which each topic will be started. You should read the relevant material before the
topic is discussed in class so that you can maximize your in-class learning experience. Failure to prepare for class
will reduce the quality of your learning experience and will cause you to feel that the pace of the course is too fast.
**
L01, L02, etc., refers to “Learning Objective 1”, “Learning Objective 2”, etc. They refer to sections within the
chapters (instead of page numbers). If a Learning Objective is not specified, then you are responsible for the entire
chapter.
TUTORIAL INFORMATION
Friday tutorials are entirely optional. During each tutorial, our TAs will cover about three questions
related to the topics just covered. One-hour tutorials will be offered most Fridays throughout the term.
This is an excellent way to practice problems and receive any help where needed from exceptional fourth
year students.
Week #
Wk 1
Wk 2
Wk 3
Wk 4
Wk 5
Wk 6
Wk 7
Wk 8
Wk 9
Wk 10
Wk 11
Wk 12
Wk 13
Friday Tutorial Topics (subject to change)
Date
Tutorial #
Topic
Jan. 10
No Tutorial
Jan. 17
1
Cost Terms, Concepts and Classifications
Jan. 24
2
Job Order Costing
Jan. 31
3
Activity-Based Costing
Feb. 07
Cost Behaviour: Analysis and use; Cost
4
volume profit analysis
Feb. 14
5
Budgeting
Feb. 21
Mid-term break, no Tutorial
Feb. 28
6
Cost volume profit analysis
Mar. 06
7
Standard Costing & Variances
Mar. 13
8
Reporting for Control
Mar. 20
9
Transfer Pricing
Mar. 27
10
Relevant Costs for Decision Making
Apr. 03
11
Relevant Costs for Decision Making
Topics subject to change. Students will be informed of any changes prior to the tutorial.
10