JOHNS HOPKINS UNIVERSITY
CENTER FOR LEADERSHIP EDUCATION
THE WILLIAM P. CAREY PROGRAM IN ENTREPRENEURSHIP AND MANAGEMENT
MANAGERIAL ACCOUNTING, 660.303.01, SPRING 2015
TTH 10:30-11:45am
Hodson 211
INSTRUCTOR:
Annette Leps, CPA, MBA
Center for Leadership Education
Rm. 102, Whitehead Hall, x 7113
Email: aleps@jhu.edu
Office Hours:
MON
10:30 to 11:30AM
TUES
1:30 to 2:30 PM
WED
10:30 to 11:30AM
& by appointment
COURSE ASST:
Simon Osipov (sosipov1@jhu.edu)
Office Hours: TBA
COURSE DESCRIPTION:
This course introduces management accounting concepts and objectives including planning, control,
and the analysis of sales, expenses, and profits. Major topics include cost behavior, cost allocation,
product costing (including activity based costing), standard costing and variance analysis, relevant
costs, operational and capital budgeting, and performance measurement.
REQUIRED TEXT:
Brewer, Garrison, Noreen, Introduction to Managerial Accounting, 5th edition, 2010, McGrawHill/Irwin, ISBN 978-0-07-352707-9.
COURSE OBJECTIVES:
This course focuses on communication and decision making within an organization (as opposed to
financial accounting, which focuses on accounting information for decision-makers external to the
firm). The quality of communication is an important determinant of success for most organizations,
and much of the communication of quantitative information relies on the language and tools of
managerial accounting. The overall objective of the course is to provide you with the concepts and
tools needed to understand, apply, and explain accounting information for managerial decisions. In
particular, this course should:
• Give students an understanding and appreciation of the role of the
management accountant in the organization
• Help students understand and apply concepts and tools of managerial
accounting to business problems
• Help students improve critical thinking skills by providing practice in
addressing complex business problems
• Help students improve communication skills
STUDENT RESPONSIBILITIES & CLASS POLICIES:
(1) This is a rigorous course. As such, class attendance is vital to the successful completion of this
course. Students are expected to come to class having read the chapter material referenced.
(2) Students are expected to take all examinations and to complete all assignments on the required
dates. Conflicts or other issues must be brought to the attention of the instructor before the
scheduled test time. Make-up exams may be arranged only at the discretion of the instructor
and the Department.
(3) Homework (HW) will not be collected. Problems are assigned for student self-study and
solutions are posted to Blackboard.
(4) Problem Sets (PS) are due at the beginning of class on the assigned date; late submissions will
be subject to a minimum 10% grade reduction (no email submissions will be accepted without
prior approval). These assignments will be done in groups; one submission required per group.
All groups must work independently. Members of different groups are not allowed to discuss
the case/problems or share answers prior to class discussion. You are responsible for ensuring
that the work done by your group is done independent of all other groups. Violators will earn a
zero for the assignment (this refers to both group members).
Questions related to Problem Sets will be distributed in class; solutions must be no longer than
four typed pages (excluding exhibits and tables). Handwritten solutions will not be accepted;
EXCEL must be used for problems and must layout on the printed page in an easy-to-read
format.
(5) This course is on Blackboard. The site will be used to deliver homework solutions, special
instructional information, course announcements, and other items of student interest. Please
monitor the course site regularly. Individual grades will be posted on Blackboard and any
discrepancies must be brought to the attention of the CA for resolution before April 30, 2015.
(6) It is the responsibility of the student to obtain notes and assignments from colleagues for any
classes that were missed.
(7) This course involves the use of certain mathematical formulas and functions which are preprogrammed into such business calculators as the HP 10B, 12C, and 17B and the TI BA 35, BA
II Plus, etc. Use of these calculators for solving homework and test problems is allowed.
However, please note that students are not expected to purchase one of these calculators for this
course and there will be no instruction provided in their use. All subject material involving the
time value of money can be solved using EXCEL
(8) No Senior Options will be offered.
Ethics
The strength of the university depends on academic and personal integrity. In this course, you must be
honest and truthful. Ethical violations include cheating on exams, plagiarism, reuse of assignments,
improper use of the Internet and electronic devices, unauthorized collaboration, alteration of graded
assignments, forgery and falsification, lying, facilitating academic dishonesty, and unfair competition.
Report any violations you witness to the instructor.
You can find more information about university misconduct policies on the web at these sites:
•
For undergraduates: http://e-catalog.jhu.edu/undergrad-students/student-life-policies/
•
For graduate students: http://e-catalog.jhu.edu/grad-students/graduate-specific-policies/
Students with Disabilities
Any student with a disability who may need accommodations in this class must obtain an
accommodation letter from Student Disability Services, 385 Garland, (410) 516-4720,
studentdisabilityservices@jhu.edu .
ABET OUTCOMES
·
Ability to communicate effectively.
· Recognition of the need for and an ability to engage in life-long learning ·
contemporary issues
. An ability to function on multi-disciplinary teams
EVALUATIONS:
A 90-100
B 80-89
C 70-79
D 60-69
F
Below 60
Pluses and minuses will be used at the discretion of the instructor.
GRADING:
Test 1
Test 2
Problem Sets
Capital Budgeting Test
Final Exam
Total
20%
20%
35%
5%
20%
100%
Knowledge of
The Instructor reserves the right to change topics and assignments as needed depending upon class
progress.
JOHNS HOPKINS UNIVERSITY
MANAGERIAL ACCOUNTING
Date
1/27
1/29
Subject
Managerial Accounting and Cost
Concepts
Managerial Accounting and Cost
Concepts
Ch.
1
1
HW: 1-10, 11, 13, 19, 21
HW: 13-3, 13-4, 13-8A
PS#1: Cash Flow Stmt
2/3
2/5
Cash Flow Statement
Cash Flow Statements/Systems
Design: Job Order Costing
13
13, 2
2/10
Systems Design: Job Order
Costing
Systems Design: Job Order and
Activity-Based Costing
2
2/12
2/17
2/19
2/24
2/26
3/3
Homework(HW) /Problem
Sets(PS)
HW: 2-11, 12, 15, 16, 17, 23
2/3
PS #2: Job Order Costing Exercise
Systems Design: Activity-Based
Costing
Cost Behavior: Analysis and Use
3
HW: 3-6, 8, 10, 14, 16
PS #3: Destin Brass Products Co.
Cost Behavior; Cost-VolumeProfit
Cost-Volume-Profit Relationships
5/6
5
6
HW: 5-6*, 7, 8, 12, 13, 14*
(* use linear regression)
HW: 6-12, 17, 19, 22, 26
PS #4-Break Even
3/5
TEST #1 (chapters 1, 2, 3, 5,6 and
13)
Profit Planning
7
Laptops to class
3/10
Profit Planning/Flexible Budgets
7
3/12
Flexible Budgets and Performance
Analysis
Laptops to class
HW: 7-13, 14
HW: 8-8, 9, 10, 11, 12, 23, 24
PS: #5 Master Budget
3/17 and
3/19
7/8
SPRING BREAK
3/24
3/26
Standard Costs
Standard Costs
3/31
Standard Costs/Decentralization
8/9
9
9/10
HW: 9-1, 7, 9
HW: 10-5, 8, 17, 20
4/2
4/7
4/9
Decentralization/Relevant Costs
for Decision Making
Relevant Costs for Decision
Making
Relevant Costs for Decision
Making
10/11
11
PS #6: Variance Analysis
HW: 11-4, 5, 6, 7, 8
11
4/14
4/16
Test #2 (chapters 7, 8 ,9, 10 &11)
Capital Budgeting
12
4/21
4/23
Capital Budgeting
Financial Statement Analysis
12
14
HW: 12-5, 8, 10, 15, 18, 22
PS #7: Capital Budgeting Case Study
PS#8: IBC #1-3
4/28
4/30
Financial Statement Analysis
Capital Budgeting Test
14
PS #8 (cont.): IBC #4-6
TBA
CUMULATIVE FINAL EXAM
IBC #7-individual work (part of final
exam)