Course: BAC 221- Introductory Managerial Accounting/ Fall 2011
Professor: Ramesh Mehta, CGA, MBA
Office: Portable Office Building (Trailer), Room No. 3 ( Ext. 2566 )
Email: rmehta@ubishops.ca
Office hours: Thursday, 4 P.M. to 6 P.M. or available upon appointment
COURSE OBJECTIVES:

This course is an introduction to the tools of accounting information for management decision making. Topics include the comparison between managerial accounting and financial accounting, job order costing, process costing, cost behavior, activity based costing, budgeting and standard costing.

GRADING SCHEME:
Assignments
Midterm ( 3 Hours )
Final examination ( 3 Hours )
Assignments
30%
30 %
40 %
100 % are due at the end of the class indicated. Late assignments will not be accepted; presentation should be acceptable, with name of group clearly indicated. One assignment per group should be handed in. They should be stapled prior to submission.
Solutions to the assignments will be posted on Moodle the next day they are due.
NOTE:

Respect your teammates- exchange contact info and communicate!

Midterm and final examination will cover all work completed to date;

You need at least 50 % in total in the summation of the midterm and final examinations to pass the course; final exam is cumulative.

No supplemental (Midterm or Final examination ).

Date Classroom Work
Sept. 8
Introduction, Ch. 1 & 2
Group Formation
Exercises/Problems due at the end of class (hard copy)
Sept 15 Ch. 3
Group Work Ch. 2
2-16, 2-19, 2-21, 2-23, 2-31, 2-33.
Oct. 6
3-17, 3-19, 3-21, 3-22, 3-23, 3-26. Sept 22 Ch. 4
Group Work Ch. 3
Sept 29 Ch. 4 (Continued)
Oct 13
Oct. 20
4-17, 4-21, 4-23, 4-25, 4-26, 4-27, 4-36. Ch. 5
Group Work Ch. 4
Group Work Ch. 5
Mid-term review
MID-TERM EXAM
5-19, 5-23, 5-24, 5-25, 5-27.
( Ch. 1, 2, 3, 4 & 5 )
Oct. 27 Ch. 24 & 6
24-16, 24-17, 24-21, 6-17, 6-19, 6-20, 6-21, 6-24, 6-29, 6-37. Nov. 3 Ch. 6 (Continued)
Group Work Ch.24 & 6
Nov 10
Ch.7 & 17 (Weighted
Average Method )
Nov. 17 Ch. 17(Continued
( F.I.F.O. Method )
Group Work Ch. 7
Nov. 24 Final Exam review
( Ch. 4, 6, 7, 17 & 24 )
Group Work Ch. 17
7-20, 7-21, 7-29, 7-31, 7-36
17-19, 17-20, 17-22, 17-23, 17-24, 17-25.
2

TEXT AND REFERENCES:

Cost Accounting, Fifth Canadian Edition, Horngren, Foster, Datar, Gowing- Pearson.

Course material posted on Moodle and handouts distributed in class.
Chapter 1 Management Accountants
Various accounting professions
Uses of cost management o Value chain o Planning and Control o Ethics
Chapter 2 Basic Cost Concepts
Cost drivers, cost pools, cost objects
Direct and indirect costs
Merchandising vs Manufacturing
Cost behavior o Fixed vs variable
Unit costs with fixed costs
Chapter 3 Cost Volume Profit Analysis
Break even point
Contribution margin
Target Income
Sensitivity analysis
Margin of safety
Chapter 4 Job Costing
Job costing process
Journal entries
End of period adjustments
Over/under allocated
-
3

Chapter 5 Activity Based costing
Undercosting vs over costing
Hierarchy of costs
Comparison to traditional costing techniques
Chapter 6 & 24 Master Budget and Responsibility Accounting;
Performance Measurement, Compensation
Benefits of budgeting
Challenges of budgeting
Operating budgets
Cash budgets
Finance budgets
Return on investment
Residual income
Responsibility accounting o Profits centres, cost centres, revenues centres …
Chapter 7 Flexible Budgets and variances
Static vs Flexible budgets
Steps to develop a flexible budget
Uses of variance analysis
Benchmarking and variance analysis
-
Chapter 17 Process Costing
Weighted average method
FIFO method
Transferred in costs
4