Managerial Accounting 1
( Introduction )
▢ Professor
: Yoochan Kim
▢ English-mediated course
▢ E-mail
: uchanacct@hanyang.ac.kr
Prerequisite
▢ Prerequisite:
⑴ Introduction to Accounting
⑵ Intermediate Accounting-1
▢ Most of issues in Managerial Accounting-1 are about the financial reporting of inventories in
the manufacturing industry.
- required to understand the basics of recording process.
- required to understand the accounting for inventories in a merchandising-sector company.
Objective of the Course
▢ MA-part 1: The financial reporting of inventories for a manufacturing-sector company--raw materials, workin-process, and finished goods.
MA-part 2: The application of cost information--the planning of target sales, budgeting, performance
evaluation, capital budgeting, etc.
▢ The objective of this course is to learn the key cost concepts and the key costing systems.
- Objective 1: to understand the job-order costing
- Objective 2: to understand the process costing
- Objective 3: to understand the manufacturing costs flow
Course policies and Grading
▢ Class: ⑴ lecture, ⑵ problem-solving (textbook exercises)
▢ Two official exams ( both are mandatory ): mid-term and final exams
- If you do not take one of two official exams, you cannot earn a credit for this course.
- The students are required to participate in the face-to-face exams.
▢ Grading:
- Attendance 20%, Mid-term exam 40%, Final exam 40%
- For 20 in total, -2 ( absent ), and -1 ( tardy )
▢ E-mail: uchanacct@hanyang.ac.kr
※ It is NOT allowed to use the portable electronic devices, such as laptop computer, cell phone, and translator,
in class and in two official exams.
Textbook
▢ Managerial Accounting (17th) - International Student Edition
▢ Garrison, Noreen, and Brewer
Brief Contents
Prologue: Managerial Accounting - an overview
Chapter 1: Managerial Accounting and Cost Concepts
Chapter 2: Job-order Costing – calculating unit product costs
Chapter 3: Job-order Costing – cost flows and external reporting
Chapter 4: Process Costing
…
Chapter 6: Variable Costing and Segment Reporting
Chapter 7: Activity-based Costing
…
Chapter 10: Standard Costs and Variances
…