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8-26-9_Wed_mht_ Syllabus_Dr.A.Rush_(305)666-7890_UM_ACC212_ManAcc_Fall 2009

C:\_Acc212-08f\_Acc212_2009Spring

UNIVERSITY OF MIAMI

ACCOUNTING 212

Introduction to Managerial Accounting

Syllabus Fall 2009

TABLE OF CONTENTS:

COURSE DESCRIPTION.. 1

LEARNING OBJECTIVES. 1

REQUIRED MATERIALS. 1

Textbook. 1

Course Project 1

Calculator. 2

Highly recommended calculator 2

Acceptable calculators 2

Unacceptable calculators 2

EVALUATION CRITERIA.. 2

Exams 2

Final exam.. 2

Make-up policy. 3

Course Project 3

Grading. 3

LEARNING RESOURCES. 3

Workbook. 3

Course Website. 4

Accounting Lab. 4

Tutoring. 4

MISCELLANEOUS INFORMATION AND COURSE POLICIES. 4

Email 4

Cell phones 4

Attendance. 4

Preparation and Class Participation. 5

Dropping the Course. 5

Incompletes Grades 5

Extra Credit 5

Academic Integrity. 5

Collaboration on Graded Assignments 5

General Behavior. 6

Late Submission of Assignments 6

Accessibility Resources 6

DAILY CLASS SCHEDULE. 7

UNIVERSITY OF MIAMI

ACCOUNTING 212

Introduction to Managerial Accounting

Fall 2009

Instructor:      Dr. Avi Rushinek      

Email address:           arush@miami.edu

Office:                                               

Office Hours:             M/W 6:15-7:30pm and by appointment

Phone:  305.666.7890                                   

COURSE DESCRIPTION:

The course focuses on accounting's role in providing information for management decisions. Management accounting information is prepared exclusively for use by company managers and is intended to help them evaluate business situations so they are better prepared to select among decision alternatives. The course includes techniques for planning and controlling business operations in order to achieve company goals.

Topics include various product costing techniques, analysis of cost behavior patterns, budgeting, and the use of accounting information to solve problems. The course will be taught from a managerial perspective. Prerequisite: ACC 211

LEARNING OBJECTIVES:

Upon completion of the course students should be able to:

1.   Comprehend management accounting’s role in business and the differences between management and financial accounting.

2.   Identify the basic concepts of various cost classifications, cost behavior, and allocation methodologies and then demonstrate how they are used to make business decisions.

3.   Calculate the cost of products using job order and process costing and prepare appropriate general journal entries. 

4.   Demonstrate the usefulness of budgeting, standard costing, and variance analysis for management decision making.

5.   Leverage technology through the use of Excel to perform various management accounting calculations.

6.         Appreciate the obligations of an accounting professional.

REQUIRED MATERIALS:

Textbook: 

Introduction to Management Accounting – A User Perspective, Third Edition and accompanying Workbook by Michael Werner and Kumen Jones, Kendall Hunt Publishing, 2009

Course Project:

Building Blocks of Accounting – A Managerial Perspective (I See the Light), by Mark Friedman. This Excel project is available on-line through Cybertext only.  Instructions for downloading the project are available under Course Documents on the course website.

Calculator:

Each student must have his or her own working calculator to use during exams.

Highly recommended calculator:  Texas Instruments Business Analyst II Plus (TI BA II Plus) calculator

Acceptable calculators:  A calculator equivalent to the TI BA II Plus or any simple calculator capable of addition, subtraction, multiplication, and division

Unacceptable calculators:  Graphing calculators and other multi-line display calculators as well as calculators capable of storing or recalling information are specifically not permitted during exams.   Cell phones, smartphones, PDAs, computers or other electronic devices cannot be used during exams as a calculator.

Sharing of calculators during exams is not permitted because it is an imposition to the student who brought the calculator and a possible source of cheating. Students are not permitted to use programmable calculators during exams. The use of any calculator capable of recalling information such as names, phone numbers, equations, or other user-entered information will be considered cheating. It is highly recommended that students obtain a Texas Instruments Business Analyst II Plus (the TI BA II Plus) calculator for this course.  The TI BA II Plus can perform the complex present value calculations for this course and it is the required calculator for University of Miami finance courses.  The TI BA II Plus has a suggested retail price of $45 and generally sells for between $30 and $40.  It is available at the University of Miami Bookstore for $39.99. The following calculators are also acceptable:  the TI-36X (about $20), the TI-30X IIS (about $15), or the TI-30X (about $10).  Graphing calculators and other multi-line display calculators as well as calculators capable of storing or recalling information are specifically not permitted during exams.   Cell phones, smartphones, PDAs, computers or other electronic devices cannot be used during exams as a calculator.

Each student should bring his or her book and a calculator to class each day. 

EVALUATION CRITERIA:

Exams:

There will be two unit exams. Each unit exam accounts for 27% of the final grade. There is a cumulative final exam. All reading material, unless specifically excluded, may be included on the exams. There are no make up exams unless specifically approved by your instructor.  Although exam dates are listed on the syllabus, your instructor may find it necessary to reschedule one or all of the unit exams.

Final exam – The final exam is a cumulative exam prepared and administered by your instructor. You must take the final exam during the time slot designated by the University for your Section. If your end-of-semester plans do not permit you to take the final exam at the scheduled time, please switch to another section that will better accommodate your situation.  The University of Miami’s final exam schedule is posted on the Course Blackboard Website under course documents.  Please review the schedule to determine the date and time of the final exam for your section of ACC 212.  Note that final exams for several sections including J, K, T, U, and perhaps others, are scheduled on more than one day.  Be careful that the block you believe to be the one for your section includes both your section letter, and most importantly, the days of the week corresponding to your class.

Make-up policy – Make-up policy for the course is at your instructor’s discretion.  Generally, no make-up exams are given during the term.  At the discretion of your instructor, if you have a valid reason (documented illness, documented major family circumstances, etc.) the cumulative final exam may be weighted more heavily. Note that no guarantees are provided and make ups are at the discretion of your instructor.

If you are going to miss an exam, you must contact your instructor prior to the exam to avoid receiving zero points for the exam. You should contact your instructor by email regarding examination difficulties. Contacting your instructor by phone, phone message, or casual discussions before or after class does not constitute proper notification. Notification must be documented by email correspondence

Course Project:

Students are required to complete a structured computer-based project that covers many of the topics presented in class and in the text. Completion of this project will help students prepare for the final exam. The various parts of the Cybertext project should be completed according to the due dates established by your instructor.

In order to receive full credit for the class participation and attendance points, students must submit a hardcopy of their Cybertext grade sheet (graded by Cybertext) showing the correct response to Question 4.01 by the end of the second week of class. Students failing to meet this requirement will lose 2 of the 5 percentage points awarded for class participation and attendance.

Please note that proper rounding is critically important with respect to the Cybertext project. Your Cybertext grade sheet will indicate improper rounding by highlighting the cells next to the improperly rounded responses in orange. If you use Excel functions to calculate answers, you must do it so Excel rounds to the specified number of decimal places. For example, if you are dividing Cell C3 by C5 and want the result to be rounded to 7 decimal places, the following format would work:  =round(C3/C5,7)

Your instructor may establish due dates for the various sections of the Cybertext project.

Grading:

            Unit Exam 1                                                                                27%

            Unit Exam 2                                                                                27%

            Cumulative final exam                                                               33%

            Building Blocks project                                                                8%

            Class participation, Workbook, Cybertext Question 4.01,

         attendance, quizzes, and instructor’s discretion                       5%

            Total                                                                                          100%

LEARNING RESOURCES:

Workbook :

The workbook that accompanies your text is designed to help make management accounting easier to learn and to reinforce your understanding of the concepts and procedures presented in the text.  Each chapter in the workbook includes activities and exercises designed to enhance your grasp of the material covered in the textbook including the following:

•  An outline of the chapter.  The outline provides a note-taking platform you can use as you attend class and review the text.

•  An area to practice the journal entries presented in selected chapters. 

•  Selected homework problems and space for solutions.  This area provides space to work most of the homework assigned in ACC 212 at the University of Miami. (Solutions to most problems are posted on the Course Blackboard Website discussed in the following section.)

•  A fill-in glossary to help you learn important terms and complete glossary for each chapter to help you study or to use as a reference.

Course Website:

A website is established for each course in Blackboard. All students registered for the course can access the course’s website at: www.miami.edu/blackboard. Your Blackboard User Name is your UM Email Alias and your initial password is your birth date. (You can find your UM Email Alias on MyUM at www.miami.edu/myum.)  The course Blackboard site includes solutions to all homework problems, the course syllabus, important announcements, and other relevant course information.

Accounting Lab:

The Accounting Lab is located in room 303 of the Kosar Epstein Wing of the School of Business Building. Graduate assistants and sometimes members of Beta Alpha Psi, the accounting honor fraternity, are available to help you.

Tutoring:

Students may request tutoring through the Academic Tutor Program Development Center located in room N201 at the Whiten University Center. Students do not need authorization from their professor and should call 305-284-2800 for an appointment.

MISCELLANEOUS INFORMATION AND COURSE POLICIES:

Email:

When sending an email message to your instructor, please make use of the subject line to summarize your message and include the course number and section. Please also make sure that your real name is included somewhere in your email messages. Your instructor will use the email address you have listed in Blackboard (the one you registered through MyUM) to contact you with important information and announcements. Therefore, it is important that you make sure that the email address you listed with MyUM is current.

Cell phones:

Before you enter the classroom, please turn off and put away your cell phone and anything else that may beep or ring. Use of cell phones or text messaging during class is not permitted.  Laptops, Smartphones, PDAs and Other Electronic Devices (such as recording equipment) may not be used during class except at the express discretion of the instructor.

Attendance:

Each student is required to attend every class and attendance will be part of the grade. Faculty will excuse absences only in cases of documented serious illness, religious observance, civic obligation, or participation in an activity approved by the Academic Deans Policy Council. Otherwise, your attendance is expected. If you will miss class for religious observance or a civic obligation, you must inform your instructor at least one week in advance. Any other absences such as absences for work related travel, or family emergency may be excused at the discretion of the faculty upon receiving supporting documentation. It is the student’s responsibility to contact the instructor within one week after any unanticipated absence.

Preparation and Class Participation:

The Department believes that the student’s presence and participation in class are essential elements of the learning experience. The value of the course lies in preparing for, listening to, and participating in the class discussion. It is impossible for a student to make up a missed class by simply analyzing the readings or getting the notes for the day. Therefore, it is expected that you will attend every class, arriving on time, so that we may start promptly. Students may enter class late only if given permission by the instructor and only if they can do so without disrupting the class. In addition, students may not leave and re-enter the class once class has started except by permission from the instructor and only if they can do so without disrupting the class. Arriving late or leaving class early will have impact on the course grade as determined by the instructor.

Dropping the Course:

The policy for withdrawing from a course is dictated by the University. Any student who has not dropped by the official date will receive a grade for the course. The last day to drop a course for this semester is October 30th. If you wish to withdraw from the course, you must officially drop the course. If you just stop attending class, you will receive a failing grade.

Incomplete Grades:

The Incomplete (I) grade will be recorded only when a student is unable to complete the course for a verifiable non-academic reason (such as an accident or illness that confines the student to the hospital). An Incomplete (I) will not be given when a student is failing the course or when a student wishes to repeat the course. Both the professor and the Department Chair must approve all incomplete grades in advance.

Extra Credit:

The University of Miami has a strict policy prohibiting extra credit assignments being offered to individual students. If extra credit assignments are made available to one student, they must be made available to all students and all students so informed. Consequently, there will be no extra credit assignments in this course.

Academic Integrity:

Academic dishonesty in any form is not tolerated. This policy is required to encourage consistent ethical behavior among students and to foster a climate of fair competition. Personal integrity is a quality that is expected and respected at the University of Miami. Consequently, the Undergraduate Student Honor Code is in force at all times. Students are responsible for reading, understanding, and upholding the Honor Code which is available from the Office of the Dean of Students.

Collaboration on Graded Assignments:

Students may not work together on graded assignments unless the instructor gives express permission or unless explicitly indicated on the course syllabus.

 General Behavior:

Students will conduct themselves with respect and professionalism toward faculty, students, and others present in class and will follow the rules prescribed by the instructor for classroom behavior. Students who fail to do so may be asked to leave the classroom with a grade penalty. 

Late Submission of Assignments:

Late assignments will either not be accepted or will incur a grade penalty unless they are due to documented serious illness or a family emergency.  Instructors will make exceptions to this policy for reasons of religious observance or civic obligation, only when the assignment cannot reasonably be completed prior to the due date and the student makes arrangements for late submission with the instructor in advance.

Accessibility Resources:

Reasonable accommodations will be provided by the instructor or through the Office of Disabilities for students who have a documented disability and are registered with the Office of Disabilities. Accommodations will not be made for students who are not registered or who do not present the required letter. The accommodations letter must be presented to the instructor at the beginning of the semester, during office hours, and a minimum of two weeks prior to the desired use of the accommodation. The instructor will then work with the Office of Disabilities to determine the best way to accommodate the student for that course. Students should not assume that they will be accommodated in exactly the same manner for every course. It is the responsibility of the student to contact their instructor to coordinate the details of all accommodations. Students may speak with the instructor or contact Accessibility Resources at (305) 284-2374 for more information about receiving classroom accommodations.

ACC 212 Fall 2009 Monday/Wednesday

   Date       Chapter                          Description                                                 Assignments            

08-26-09          1         Management Accounting                                                    Workbook: 1-13, 1-17

08-31-09          1         Management Accounting                                                   

09-02-09          2         Classifying Costs                                                                 Workbook: 2-12, 2-15, 2-34

09-09-09          2         Classifying Costs                                                                 Workbook: 2-43, 2-49, 2-53

09-14-09                     Hardcopy of Cybertext Question 4.01 Due

09-14-09          3         Determining the Cost of Products                                     Workbook: 3-5, 3-7, 3-21

09-16-09          3         Determining the Cost of Products                                     Workbook Entries on Pages 38-40

09-21-09          3         Process Costing                                                                    Workbook: 3-38, 3-53

09-23-09          3         Process Costing                                                                    Textbook: 3-52, 3-55

09-28-09          4         Overhead Allocation and Activity Based Costing          Workbook: 4-7

09-30-09          4         Overhead Allocation and Activity Based Costing          Textbook: 4-12

10-05-09                     Unit Exam 1

10-07-09          5         Cost Behavior                                                                       Workbook: 5-16, 5-17, 5-18, 5-19

10-12-09          5         Cost Behavior                                                                       Workbook: 5-20, 5-37, 5-38

10-14-09          6         Business Decisions-Cost Behavior                                   Workbook: 6-19, 6-33, 6-36

10-19-09          6         Business Decisions-Cost Behavior                                   Workbook: 6-56, 6-57

10-21-09          7         Decisions Using Relevant Information                            Workbook: 7-24, 7-32, 7-37

10-26-09          7         Decisions Using Relevant Information                            Workbook: 7-56, 7-57

10-28-09          8         Evaluating Capital Expenditures                                       Workbook: 8-15, 8-16, 8-31

11-02-09          8         Evaluating Capital Expenditures                                       Workbook: 8-39, 8-43, 8-44, 8-47

11-04-09          8         Evaluating Capital Expenditures

11-09-09                     Unit Exam 2

11-11-09          9         The Operating Budget                                                         Workbook: 9-23, 25, 31

11-16-09          9         The Operating Budget                                                         Workbook: 9-32, 9-42, 9-51

11-18-09          9         The Operating Budget                                                         Workbook: 9-62, 9-68, 9-76

11-23-09          10       Standard Costing                                                                  Textbook: 10-20, 10-30, 10-36

11-25-09          10       Standard Costing                                                                  Textbook: 10-44, 10-54,

                                                                                                                                     Workbook: 10-66

                                                                                                                              Workbook Entries on Pages 163-165

11-30-09          11       Evaluating Performance                                                     Workbook: 11-14, 11-30

12-02-09          11       Evaluating Performance

Other Important Dates:

08-26-09    Classes Begin

09-07-09    Holiday - Labor Day

10-16-09    Fall Recess

10-30-09    Last Day to Drop a Course

11-26-09 to 11-29-09 Thanksgiving Recess

12-04-09    Classes End

12-05-09 to 12-08-09 Reading Days

12-09-09 to 12-16-09 Final Exam Days All Courses (Consult the University of Miami Final Exam Schedule)