Introduction to Managerial Accounting (29:010:204) Winter 2016 Instructor: Ke Xu Office: 1WP 909C Email: [email protected] Class hours: 12/23/2015 & 01/04/2016-01/15/2016, 12:00 PM - 4:10 PM Classroom: 1 Washington Park, Room 512 Office hours: 01/04/2016-01/15/2016, 9:30 AM -11:30 AM (or by appointment) COURSE MATERIALS 1. Textbook (required): Tracie Nobles, Brenda Mattison, and Ella Mae Matsumura. Financial & Managerial Accounting, THE MANAGERIAL CHAPTERS. Pearson. 5th Edition. 2. Online Student Resources (required): MyAccountingLab. (visit: http://www.pearsonmylabandmastering.com/). Assignments will be given on MyAccountingLab. This online resource also provides study guides, extra exercises/problems, and chapter PPT slides that will assist your studies. Note: If you have technical issues with MAL access, please contact MAL Student Support. They are available at: http://www.myaccountinglab.com/support/student-support 3. Calculator: Having a calculator that performs simply basic calculation functions will be helpful for in-class practice, assignments and exams (note: you are only allowed to use basic calculators during exams). 4. Blackboard: Chapter PPT slides, exam grades and announcements are provided on blackboard: https://blackboard.newark.rutgers.edu (please make sure to check the site on every class day) COURSE EVALUATION Please read the following evaluation policy carefully. Your grade will be based on assignments, mid-term & final exams, and attendance & participation in this course. The assessment is weighted as follows. Assignments : 20% Mid-Term Exam I (Ch16-19) : 25% Mid-Term Exam II (Ch20-23) : 25% Final Exam (Ch24-26) : 25% Attendance & Class Participation : 5% (1) Assignments: Assignment problems are given based on weekly lectures and will be made available on MyAccountingLab a week before it is due. You are responsible to complete each assignment on MyLab on time, i.e., before 11:59 am of its due date (please refer to course schedule on p.5). Late submissions will NOT be accepted (unless with appropriate proofs of emergencies/medical conditions and advance notice). These assignments account for 20% of your grade. (2) Two Mid-Term Exams and Final Exam: Each exam weighs 25% of your grade. The first mid-term covers Ch16-19. The second mid-term covers Ch20-23. The final exam covers Ch24-26. Each exam will be two hours. Exam problems will be multiple choice questions (conceptual questions, theoretical questions, and computation questions. Note: a) You are required to bring #2 pencil & calculator with ONLY basic functions to all exams, b) Make-up exams will only be given upon the validity of the documentation explaining your absence from the exam, as confirmed by your advisor. If you are missing the scheduled examination for any foreseeable reason (for e.g. a pre-scheduled medical procedure, civic commitment, etc) you must inform me well in advance of the examination and excuse yourself. If, on the other hand, you miss the examination due to some unforeseeable reason, you must make sure that you/someone acting on your behalf contacts me within 24 hours of the exam (by email, preferably) and explains the situation. If you do not follow these guidelines, then I am unable to give you a make-up examination even if you have a valid reason for missing the exam. (3) Attendance & Class Participation: Students are expected to attend each class. Late arrivals and early departures are both considered absence. Please note that performing unrelated activities in class is considered absence as well (e.g. texting, chatting, sleeping or working on unrelated tasks). Employment obligation will not be considered as excuses for being absent from class. Emergencies, illness, court appearances will be seen as excused absence conditional on appropriate proofs and/or notice in advance. You are encouraged to participate in exercises/problems given in class. Attendance & Participation weigh 5% of your grade. GRADE DISTRIBUTION Your final letter grade is given based on and only based on your weighted overall performance. More specifically, the grading scheme matches final grade letter with numeric score as follows: Final Grade Weighted Score A 90 and above B+ 85 – 89 B 80 – 84 C+ 75 – 79 C 70 – 74 D 60 – 69 F Below 60 Note: A handful of students ask for some type of “extra credit” arrangement towards the end of the semester. “Extra credit” is a contradiction in terms: once a grading policy has been publicly announced and distributed, “extra credit” amounts to asking me to make a secret deal with just one student, and give him/her an opportunity to improve his/her grade that I don’t make available to all the other students in the class. It goes against every principle of fairness and transparency, and will not be done in this class. ACADEMIC INTEGRITY 1) Any violation of academic integrity is a serious offense and is subject to appropriate penalty or sanction (http://academicintegrity.rutgers.edu/). 2) Students using electronic communicating devices in class (or during exams) are considered disruptive behavior and an absence; they are subject to being removed from class as it will seriously affect others. 3) Rutgers Business School Honor Code: “I pledge, on my honor, that I have neither received nor given any unauthorized assistance on this examination (assignment)". COURSE SCHEDULE Week Week 1 Date 12/23/15 01/04/16 01/05/16 Week 2 01/06/16 01/07/16 01/08/16 01/11/16 01/12/16 Week 3 01/13/16 01/14/16 01/15/16 Chapters Chapter 16 Introduction to Managerial Accounting Chapter 17 Job Order Costing Chapter 17 Job Order Costing Chapter 18 Process Costing Chapter 19 Cost Management Systems Review Session for Mid-term exam 1 Mid-term exam 1 (2h)+Review/Discuss Chapter 20 Cost-Volume-Profit Analysis Chapter 20 Cost-Volume-Profit Analysis Chapter 21 Variable Costing Chapter 22 Master Budgets Chapter 23 Flexible Budgets and Standard Cost Systems Review Session for Mid-term exam 2 Mid-term exam 2 (2h)+ Review/Discuss Chapter 24 Responsibility Accounting and Performance Evaluation Chapter 24 Responsibility Accounting and Performance Evaluation Chapter 25 Short Term Business Decisions Chapter 26 Capital Investment Decisions Review Session for Final Exam Final Exam (2h) Assignment (Due on Next Class Day 11:59 AM) (Due 01/04/16) (Due 01/05/16) (Due 01/06/16) (Due 01/07/16) (Due 01/08/16) (Due 01/11/16) (Due 01/12/16) (Due 01/13/16) (Due 01/14/16) (Due 01/15/16) Chapter 16 Introduction to Managerial Accounting HOW DO WE LEARN IN THIS CLASS 1) Before class Complete required readings before coming to class. I will let you know the required readings for next class at the end of each class. 2) In class Accounting is a practical discipline; every time I introduce a new concept, we will hit the ground running and work through relevant examples in class. You should revisit these examples at home. Our sessions will be interactive and participatory. I’d like you all to make comments and ask questions. Come well-fed, well-caffeinated, and prepared to discuss. I won’t laugh at any of your comments, questions or answers, and I won’t scold you for getting something wrong. 3) After Class After class, you go home, re-read the textbook and work on the assigned homework problems to consolidate your learning. On my side, I will post up full solutions to any problems we work out in class. From time to time, I will also post additional notes, examples, etc based on questions or discussions that pop up in class. Please note that it is essential for you to do many other problems, in addition to the assigned homework problems, until you feel comfortable with the material.