School of Administrative Studies, Faculty of Liberal & Professional Studies, York University Winter 2016 Course Outline – all sections AP/ADMS2510 3.0 Introduction to Management Accounting Course website: https://moodle.yorku.ca Please note: If this link is broken you can access the course website by going through the Faculty of LAPS to the School of Administrative Studies website and drilling down to the Winter 2016 Courses link in ADMS. Also please note that Section M is used as the course website for all sections. All course content resides on the Section M website. You need to be registered and have a York Passport ID for site access. Term Winter Section M N O P Q R S T Course Type On-Campus On-Campus On-Campus On- Campus Internet On-Campus On-Campus On-Campus Day Monday Wednesday Thursday Monday HOME Thursday Tuesday Thursday Time 4:00 to 7:00 pm 7:00 to 10:00pm 7:00 to 10:00 pm 7:00 to 10:00 pm Location CLH H CLH H CLH H ACW 004 11:30 to 2:30 pm 11:30 to 2:30 pm 4:00 to 7:00 pm ACW 004 ACW 004 HNE 038 IMPORTANT INFORMATION BEFORE YOU DECIDE TO ENROL NOTE 1 ADMS 2510 is one of the largest enrolment classes on campus (approximately 1,500 students per year). This regrettably necessitates a very legalistic and inflexible approach to course administration. This course outline has been designed to provide you in advance with detailed guidance on every conceivable rule and regulation in the course. It represents a contract between you as a student and the Course Director, and there can be no deviations from these rules by either party. There will be no exceptions to assignment requirements, exam dates and grade weighting. If you cannot abide by the requirements of this contract, take the course somewhere else under letter of permission. You should print out this document and keep it handy for reference throughout the course. NOTE 2 This course offers students a seamless interface between attending lectures on campus and basing all the learning experience via internet. Students have access to identical learning resources on a common Moodle website, and in addition, the on-campus lectures are streamed for viewing on the Moodle website. The only important consideration is that home study takes a much higher level of self-discipline (maturity) to stay up-to-date. Since exams are identical across all sections, you can migrate back and forth freely between the two learning styles. A real benefit of having streamed lectures is that if you cannot make a particular class, there is always the comfort of having it viewable “on demand” from the course website. NOTE 3 While there are mechanisms for transferring the weight of missed exams, there is no possibility passing the course without completing the connect assignments. Since the beginning of the term, you know when the connect assignments are due. No connect assignments written ... no course grade. 1 REGISTRATION INFORMATION Enrolment Deadline All sections for this course normally fill months in advance, so early registration is important. Because this is a required BAS course and it fills up so early, very few students drop in the open enrolment period in the first two weeks of classes. If you did not get into the course before classes started, your chances of successfully enrolling are very slim. However, you can request the Receptionist at room 282 Atkinson to add your name to a list that is maintained with the only purpose of estimating the unsatisfied demand of the course, but students are not contacted when vacancies occur. The Course Director is not involved in the registration process in any way and cannot assist you with this process. Because of the high volume of material covered (4 chapters in the first two weeks) and because of early dates of exams, no registration under any circumstances is permitted after the “last date to enroll without permission”, that is, Sunday January 17th for Winter 2016. Be aware of the important dates that apply to this course by checking the following site: http://www.registrar.yorku.ca/enrol/dates/fw15.htm Exam Dates Midterms: As a multi-section course, the midterm exams in ADMS 2510 are scheduled outside of class on Sunday mornings. You should not take this course if you are unable to attend these exams. Midterm 1: Sunday February 7th; 10:00 am – 1:00 pm Midterm 2: Sunday March 13th; 10:00 am – 1:00 pm Final exams: Scheduled by the York Registrar in the formal exam period between April 6th and 20th. You should not book travel plans in this period. Exact date is published around March 1st. Consult the York University website for official timetable information. Course Directors & TA contact information Section Course Director M&R Alison Beavis N&S Lawrence Shum O Roberto Umana P Bob Murison Q Nelson Waweru T Stefan Pop All sections Teaching Assistant: Mitra Kaveh 2 Email contact abeavis@sympatico.ca adms2510@yahoo.ca umana@yorku.ca rmurison@yorku.ca waweru@yorku.ca spop@yorku.ca Mythra.kavehmehr@gmail.com Course Description This first course in management accounting introduces students to the use of management accounting information for decision-making, planning and control in a wide range of organizations. Specifically, students learn the basic techniques of management accounting and, to a lesser extent, learn to apply those techniques through quantitative questions and cases. Pre-requisites, which must have been successfully completed prior to taking this course, are: MATH: 12U or equivalent ADMS 2500 3.0 ECON 1000 3.0 Course Objectives The overall objectives of the course are to: 1. Meet the academic requirements of an honours level course as part of a business degree program at university. 2. Meet all requirements to be counted by the CPA Ontario towards professional certification. In particular, this course aims to: a) Help students learn to gather and develop information and ideas. b) Help students learn to draw conclusions and form opinions from a set of data. c) Introduce students to an entity's strategic plan and the planning process. d) Assist students in understanding how to evaluate the entity's performance management and the internal reporting system. e) Introduce students to the concept of the entity's risk management process. f) Help students understand and be able to identify management information sources and needs. g) Assist students in understanding how to prepare an entity's budget and how to relate this to the entity's planning process. Required Course Materials: 1/ Textbook + Connect Package Garrison, Managerial Accounting with Connect Access Code Card, 10th Canadian edition, © 2015, McGraw-Hill Education ISBN: 9781259103278 OR 2/ Connect (with eBook/SmartBook) for Garrison, Managerial Accounting, 10th Canadian edition, © 2015, McGraw-Hill Education ISBN: 9781259066818 OR 3/ Connect eBookless (Assignments only – without Garrison eBook/SmartBook) for Garrison, Managerial Accounting, 10th Canadian edition, © 2015, McGraw-Hill Education 3 ISBN: XXXXX Students can purchase Connect Access Codes through the York Bookstore or online when they register in their Connect Course (see Connect Registration Instructions below). Students have access to Connect for 1 year from when they register. More information regarding your Text Book Options will be covered during your first class. If you are unsure of the best option for you, it is advisable to wait until your first class. Connect is required to complete the online course assignments. Connect Registration Instructions To register for Connect (or purchase online); go to your section Connect web address listed below. Students: Please make sure you register in your correct section! Your completed work and grades are not transferable and cannot be moved to another section. Note: You will not be able to register to your Connect course until January 3rd 2015, when registration opens. Section M N O P Q R S T Professor Alison Beavis Lawrence Shum Roberto Umana Bob Murison Nelson Waweru Alison Beavis Lawrence Shum Stefan Pop Connect Course URL for Student Registration http://connect.mheducation.com/class/a-beavis-section-m-wed-winter-2016 http://connect.mheducation.com/class/l-shum-section-n-wed-winter-2016 http://connect.mheducation.com/class/r-umana-section-o-thurs-winter-2016 http://connect.mheducation.com/class/r-murison-section-p-monday-winter2016 http://connect.mheducation.com/class/n-waweru-section-q-winter-2016 http://connect.mheducation.com/class/a-beavis-section-r-winter-2016 http://connect.mheducation.com/class/l-shum-section-s-tues-winter-2016 http://connect.mheducation.com/class/s-pop-section-t-thurs-winter-2016 1. Go to the Connect Web Address for your section or provided by your instructor. 2. Click on “Register Now.” 3. Enter your York email address (this will become your Connect username). If you already have a McGraw-Hill account, you will be asked for your password and will not be required to create a new account. 4 4. 5. 6. 7. Enter your Connect registration code Follow the on-screen directions. When registration is complete, click on “Go to Connect Now.” You are now ready to use Connect. Connect Support For any questions or issues related to Connect, submit a support ticket with the McGraw-Hill Care Centre at http://www.mheducation.ca/college/helpticket. You will be issued a case or reference number. Please keep for your records. If you still need assistance after submitting a ticket with the McGraw-Hill Care Centre, you can email your ticket number and request to your McGraw-Hill Representative: Michele Peach, michele.peach@mheducation.com or to Phil Drennan, phil.drennan@mheducation.com Please include in your email, what course you are taking, your section and professor name, and the email address you used to register for Connect. Visit www.improveyourgrades.ca and www.connectstudentsuccess.com to learn more about Connect, LearnSmart and SmartBook. Computing Requirements. This course has an extensive computer interface and you will need access to a multi-media computer with a high-speed Internet connection. The most recent versions of Adobe Reader and Apple QuickTime are required to view course materials, available by free download from www.adobe.com and www.quicktime.com, respectively. A computer and speakers (or headphones) will be required to read and listen to the recorded material that complements the text. ‘Adobe Reader’ and ‘QuickTime’ are needed to view the multimedia clips that illustrate and explain the concepts. There are free computer labs on campus for registered students who do not possess these computing resources. Campus computers do not have speakers, so you will have to supply your own headphones. ORGANIZATION OF THE COURSE Lectures There is a 3-hour lecture each week. On-campus sections will have their lecture in the designated lecture hall at York. Also, all sections will have access to the recorded version of the voice of an in-class lecture synched to a slideshow. It is usually available on the course website by Sunday each week. These lecture recordings are random access, so you can jump to any point in the lecture and repeat any component of the broadcast you wish to view again. Since these streamed lectures can be viewed multiple times and are ideal for course review, they are available to all 2510 students on the course website. Each week, the lecture slides will be available several days before class. It is suggested you download and print these slides as they constitute an excellent set of lecture notes. You can then add annotations as you listen to the lecture. In the rare event of technical recording difficulties, the lecture will not be available, but an announcement will be posted including an update of any additional comments/changes during the current semester. 5 Making the lectures available on the website to all students begs the question ….. ”Why come to class since all lectures can be viewed from home?” Viewing from home is quite appropriate for some students. However, pedagogical research has shown that only about one student in three has the intellectual maturity to stay up-to-date in web-based courses. Internet failure rates tend to be higher than campus failure rates specifically because of this. Internet study requires far more self-discipline than being an oncampus student. Internet study is not for everyone. Attending class has the very huge benefit of forcing you to stay up-todate each week. If you fall more than a week behind in an accounting course, failure is almost a certainty. Cramming is just not an option in 2510. The other benefit of coming to class is that you can ask questions in real time and get quick solutions; efficiently communicate with the instructor and other students; and improve learning effects. Attendance is not taken in class, so pick the study mode that works best for you, but be realistic in your self-assessment. To summarize: if good grades are important to you, you maximize your chances of good learning and good grades by both attending class and watching the streamed lecture. This constitutes a wonderful review opportunity. Not many courses at York offer such an opportunity…..take advantage of it. Tutorial Groups and Sessions Attendance at tutorial sessions is not mandatory. Tutorial sessions are designed to cover a set of problems and exercises, but beyond them, they are largely unstructured. In general, after the mandated exercises have been covered, you come with your questions and T/A’s are simply there to help you. When the T/A is getting multiple questions on a single theme, this will usually turn into a group teaching moment. With 2 hours a week of free tutoring, there is no need to spend money on expensive outside tutors (such as the company that hands out flyers inside and outside our classroom). The detail of tutorials and themes for each session can be found later in this course outline. For Winter 2016, the scheduled on campus tutorials are: Saturday 10am to 12pm (every week from January 16th and ends on April 2nd). Email Protocol If you want help with a problem, it is important that your email be properly labeled and show the calculations you have made. Make sure to include your name, student number, and section number in all your emails. Messages without this information will remain unopened. Students in 2510 are required to obtain and use a Yorku.ca email account for course email. For security reasons, we will not respond to Gmail/Hotmail etc. Who do I email for what? Helpdesk@yorku.ca….(all computing issues) Course Director……….(all questions related to course content, course administration and grades) Course coordinator for Winter 2016 (all questions/concerns not properly addressed by the Course Director and/or the Teaching Assistants): waweru@yorku.ca 6 Practice Problems There are lots of practice problems and solutions in your textbook. The course website will contain practice exams before each actual exam. For students who absolutely insist on an ‘A’ in the course, there are numerous introductory management accounting textbooks in the business library containing a wealth of worked examples. The formula for success in a “problems” course such as accounting is always to work as many problems as time permits. Whenever a student asks their accounting professor how to improve their grade, the automatic answer is to work more problems. Course Website All course material is contained on the website for Section M, which is the website for all sections. This ensures all eight sections get consistent information at the same time. It also facilitates our objective of making the learning experience identical for both on-campus and off-campus students. The website contains This course outline Announcements on all important matters in the course. You should check these several times a week and especially before class in case there is a class cancellation Recorded lectures Lecture slides to print as course notes Exam information Practice exams and practice problems Exam results The website is of restricted access and you will have to log in with your York Passport account. 7 WEEKLY TIMETABLE AND DUE DATES Note: Dates and coverage are subject to change as circumstances dictate. You should check the announcements section of your course website several times a week for updated information . Week 1 Jan 4th to Jan 10th 2 Jan 11th to Jan 17th Textbook Chapters Chapter 1: Managerial Accounting & the Business Environment; Chapter 2: Cost Terms, Concepts & Classifications Case Analysis: An Introduction Problem Solving Techniques Chapter 3: Cost Behaviour Chapter 4: Cost-Volume-Profit Relationships CLASS WORK Exercise 2-9 Problem 2-17 Case 2-28 Exercises 3-6 & 3-8 Problem 4-19 Jan 17th : last date to enroll in the course without permission 3 Jan 18th to Jan 24th Chapter 5: Job-Order Costing Problems 5-17 & 5-19 4 Jan 25th to Jan 31st Chapter 6: Process Costing Exercise 6-4 Problem 6-11 5 Feb 1st to Feb 7th Chapter 7: Activity-Based Costing Exercise 7-14 Problems 7-19 & 7-20 Sunday Feb 7th Common first mid-term exam - Chapters 1 to 6 (25%) - All sections 6 Chapter 8: Variable Costing Exercises 8-5, 8-6 & 8-9 Feb 8th to Feb 12th Problem 8-15 (case) Reading Week Feb 13th to Feb 19th 7 Feb 20th to Feb 28th No Classes No Tutorials Chapter 9: Budgeting Exercise 9-1 Problem 9-18 8 Feb 29th to March 6th Chapter 10: Standard Costs & Overhead Analysis Exercises 10-7 & 10-8 Cases: Minim Inc* 9 Mar 7th to Mar 13th Chapter 11 and Appendix Reporting for Control There is no on-campus class 11A: Exercise 11-6 Problem 11-14 Friday March 4th – last date to drop Fall term courses without receiving a grade. Sunday March 13th Common second mid-term exam - Chapters 7 to 10 (30%) - All sections 8 10 Mar 14th to Mar 20th Chapter 12: Relevant Costing For decision Making Exercises 12-8, 12-11 & 12-12 Case: Bidco Foods Inc.* 11 Mar 21st to Mar 27th Chapter 13: Capital Budgeting Decisions There is no on-campus class Case study analysis and course Review Exercises 13-3, 13-4 & 13-7 Problem 13-28 Final Exam Comprehensive Chapters 1 to 13 12 Mar 28th to April 4th Cases: York University* Justa Co* * The cases to be analyzed in weeks 8, 10 and 12, will be posted to the course websites (the other cases are available in any of the textbooks recommended for this course). Tutorials: There will be a two-hour weekly tutorial. The TA will go through worked examples of textbook problems and assist students in areas where they have concerns. Attendance at tutorial sessions is not mandatory. Tutorial sessions are unstructured as there is no prepared agenda beyond the list provided below and TA’s are there simply to help you with any questions you have on accounting theory, study techniques, and practice problems. The best feature of these tutorials is that if you wish to get extra help, you are invited to attend all the sessions offered each week. With 2 hours of tutorials a week, there is no need to spend money on expensive outside tutors. The following problems will be worked through in the tutorials: Week & Date Time and Location TBA Take up in tutorial 1 Jan 16th No tutorial 2 Jan 23rd Problems 2-20 & 2-22 3 Jan 30th Problems 3-14, 3-17 & Problem 4-25 4 Feb 6th Problem 5-20 & 5-29 Feb 13th No Tutorial Co-curricular days 5 Feb 20th Exercise 6-1, Problems 6-12 and 6-13 6 Feb 27th Exercises 7-4, 7-8, Problem 7-22 7 Mar 5th Exercises 8-3, 8-7 & Problem 8-14 8 Mar 12th Exercises 9-6, 9-7 & Problem 9-17 9 Mar 19th Exercises 10-14 & Problem 10-22 th 10 Mar 26 Exercises 11-4, 11-8 & Problem 11-20 Exercises 12-3 & Problems 12-20, 12-24 11 April 2nd Exercise 13-11 & Problems 13-21, 9 Course Evaluation (for all sections): Connect LearnSmart Assignments Connect Homework Assignments Mid-Term 1 Mid-Term 2 Final Examination Total 5% 10% 25% 30% 30% 100% Students will not be allowed to write a final examination worth more than 60% of the final grade, so plan to write one mid-term and the connect assignments. Online Connect Assignments The Connect LearnSmart Assignments are part of your course work and are located in Connect. LearnSmart is an adaptive learning tool that pinpoints critical concepts you need to learn and maps out a personalized study plan to ensure success. For a short video on LearnSmart, visit www.mhlearnsmart.com. When working in LearnSmart Assignments, students can also access SmartBook. SmartBook provides an adaptive reading experience that reinforces what students need to learn and ensures they retain the information. For a short video on SmartBook, visit www.improveyourgrades.ca. The LearnSmart assignment due dates are available in Connect and each assignment is due at 11:59 pm on the due date. Students can work on these assignments over time and their work and progress will be saved. After the due date, students are encouraged to revisit LearnSmart to assist in retaining the course content. There are 12 Connect Homework Assignments which include quantitative and algorithmic questions and students have unlimited attempts for each assignment and only their best mark will be kept and applied to their final grade (10%). Due dates are listed in Connect. Mid-Terms (first mid-term 25%, second mid-term 30%) There will be two common midterm of three hours in duration that will contribute 55% of the final grade. They will consist of problems similar to those done in class and recommended for this course. Students must write mid-term examinations in the section in which they are enrolled. Rooms cannot accommodate additional writers. If you miss the mid-term exam, no make-up is available. Instead, the weight of the missed exam (25% or 30%) can be transferred to the final-examination weighting. With an attempt at an exam, the weight of that exam (25% or 30%), will no longer be eligible for transfer to the final-examination weighting. The grade of record that will be entered will be the results of the attempted exam on a “No Exceptions” basis. 10 Final Examination (30%) There will be a common final exam of three hours in duration, sometime within the period April 6th to 20th. Date and time will be announced later. The date, time and location of the final examination will be announced in class during the term as well as listed on the York University main web page. The final examination will include all materials covered in the course. The final exam will include problems and a short case study. An authorized absence from the scheduled Final Exam allows you to submit a Deferred Standing Agreement (DSA) application for a deferred exam and write it by the end of May 2016. Students are required to read and adhere to the policy on academic honesty, as stated in the University calendar. Students will not be allowed to write a final examination worth more than 60% of the final grade, even in the case the student the two mid-term exams, so plan to write one mid-term and the connect assignments. RELEVANT UNIVERSITY REGULATIONS Deferred Exams: Deferred standing may be granted to students who are unable to write their final examination at the scheduled time or to submit their outstanding course work on the last day of classes. In order to apply for deferred standing, students must register at http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. Followed by handing in a completed DSA form and supporting documentation directly to the main office of the School of Administrative Studies (282 Atkinson) and add your ticket number to the DSA form. The DSA and supporting documentation must be submitted no later than five (5) business days from the date of the exam. These requests will be considered on their merit and decisions will be made available by logging into the following link: http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf No individualized communication will be sent by the School to the students (no letter or emails). Students with approved DSA will be able to write their deferred examination during the School's deferred examination period. No further extensions of deferred exams shall be granted. The format and covered content of the deferred examination may be different from that of the originally scheduled examination. The deferred exam may be closed book, cumulative and comprehensive and may include all subjects/topics of the textbook whether they have been covered in class or not. Any request for deferred standing on medical grounds must include an Attending Physician's Statement form; a “Doctor’s Note” will not be accepted. DSA Form: http://www.registrar.yorku.ca/pdf/deferred_standing_agreement.pdf Attending Physician's Statement form: http://www.yorku.ca/laps/council/students/documents/APS.pdf The deferred examinations for the Winter 2016 term shall be held in the period May 27th to May 30th 2016. 11 Academic Honesty: The Faculty of Liberal Arts and Professional Studies considers breaches of the Senate Policy on Academic Honesty to be serious matters. The Senate Policy on Academic Honesty is an affirmation and clarification for members of the University of the general obligation to maintain the highest standards of academic honesty. As a clear sense of academic honesty and responsibility is fundamental to good scholarship, the policy recognizes the general responsibility of all faculty members to foster acceptable standards of academic conduct and of the student to be mindful of and abide by such standards. Suspected breaches of academic honesty will be investigated and charges shall be laid if reasonable and probable grounds exist. Students should review the York Academic Honesty policy for themselves at: http://www.yorku.ca/secretariat/policies/document.php?document=69 Students might also wish to review the interactive on-line Tutorial for students on academic integrity, at: http://www.yorku.ca/tutorial/academic_integrity/ Grading Scheme and Feedback Policy: The grading scheme (i.e. kinds and weights of assignments, essays, exams, etc.) shall be announced, and be available in writing, within the first two weeks of class, and, under normal circumstances, graded feedback worth at least 15% of the final grade for Fall, Winter or Summer Term, and 30% for ‘full year’ courses offered in the Fall/Winter Term be received by students in all courses prior to the final withdrawal date from a course without receiving a grade, with the following exceptions: Note: Under unusual and/or unforeseeable circumstances which disrupt the academic norm, instructors are expected to provide grading schemes and academic feedback in the spirit of these regulations, as soon as possible. For more information on the Grading Scheme and Feedback Policy, please visit: http://www.yorku.ca/univsec/policies/document.php?document=86 In-Class Tests and Exams - the 20% Rule: For all Undergraduate courses, except those which regularly meet on Friday evening or on a weekend, tests or exams worth more than 20% will not be held in the two weeks prior to the beginning of the official examination period. For further information on the 20% Rule, please visit: http://www.yorku.ca/laps/courses/term.html Reappraisals: Students may, with sufficient academic grounds, request that a final grade in a course be reappraised (which may mean the review of specific pieces of tangible work). Nonacademic grounds are not relevant for grade reappraisals; in such cases, students are advised to petition to their home Faculty. Students are normally expected to first contact the course director to discuss the grade received and to request that their tangible work be reviewed. Tangible work may include written, graphic, digitized, modeled, video recording or audio recording formats, but not oral work. Students need to be aware that a request for a grade reappraisal may result in the original grade being raised, lowered or confirmed. For reappraisal procedures and information, please visit the Office of the Registrar site at: http://www.registrar.yorku.ca/grades/reappraisal/ 12 Accommodation Procedures: LA&PS students who have experienced a misfortune or who are too ill to attend the final examination in an ADMS course should not attempt to do so; they must pursue deferred standing. Other students should contact their home Faculty for information. For further information, please visit: http://ds.info.yorku.ca/arranging-academic-supportaccomodations/ Religious Accommodation: York University is committed to respecting the religious beliefs and practices of all members of the community, and making accommodations for observances of special significance to adherents. For more information on religious accommodation, please visit: https://w2prod.sis.yorku.ca/Apps/WebObjects/cdm.woa/wa/regobs Academic Accommodation for Students with Disabilities (Senate Policy) The nature and extent of accommodations shall be consistent with and supportive of the integrity of the curriculum and of the academic standards of programs or courses. Provided that students have given sufficient notice about their accommodation needs, instructors shall take reasonable steps to accommodate these needs in a manner consistent with the guidelines established hereunder. For more information please visit the Disabilities Services website at http://www.yorku.ca/dshub/ York’s disabilities offices and the Registrar’s Office work in partnership to support alternate exam and test accommodation services for students with disabilities at the Keele campus. For more information on alternate exams and tests please visit http://www.yorku.ca/altexams/ Please alert the Course Director as soon as possible should you require special accommodations. 13