BUS 254

Managerial Accounting I

Simon Fraser University

Theory and methods of cost compilation for managerial planning, control and decision making; the use of budgets and analysis in planning and controlling operations, establishing supervisory and departmental responsibility, and various techniques of measuring results.
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Michael Favere-Marchesi

BUS 254 Syllabus for Michael Favere-Marchesi — Spring 2019

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COURSE: BUS 254
TITLE: Managerial Accounting
SEMESTER: Spring 2019
Lecture: Mon 2:30pm-4:20pm (D100)
Mon 5:30pm-7:20pm (E100)
INSTRUCTOR: Dr. M. Favere-Marchesi
Office hours: Mon 4:30pm –5:20pm
Wed 12:30pm-1:20pm
Office: WMC 3365
Phone: (778)782 4745 Email: favere@sfu.ca
1. PREREQUISITES
BUS 251; 15 credit hours
Students with credit for BUS 324 or 328 may not take BUS 254 for further credit.
2. COURSE DESCRIPTION
This course deals with the role of managerial accounting in an organization’s planning and
control system, which includes costing, budgeting, variance analysis, responsibility
accounting, and performance evaluation.
3. OBJECTIVES
This course provides an introduction to the fundamental concepts of managerial accounting
and focuses on building decision making skills; on how to use accounting information to
make business decisions; and on the managerial accounting tools needed by managers.
The course will specifically deal with the following aspects:
Recognize the importance of management accounting in an organization. To understand
what accounting can do for decision-makers and its use for planning and control
functions.
Identify the characteristics and behaviour of different types of costs and analyze
decisions that influence these costs.
Recognize the application contexts of the various cost accounting systems: Job-Order
Costing, Process Costing and concept and application of Activity based Costing.
Use of Cost-Volume-Profit analysis to determine the break-even point, the safety margin
and potential profit in a given situation.
Describe management’s decision-making process and the concept of incremental
analysis.
Identify and apply different pricing methods.
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Describe budgetary planning and control. Explain the relevance of decentralization and
identify responsibility centres.
Describe standard costs, variance analysis, and Balanced Scorecard
4. REQUIRED TEXT
Managerial Accounting, Tools for Business Decision-Making, 5th Canadian Edition
Weygandt, Kimmel, Kieso and Aly. Two options:
eBook: WileyPLUS student package (WileyPLUS access with a built-in e-text):
ISBN 9781119404095
Hard copy (WileyPLUS is included): ISBN 9781119410539
All lecture notes and reading materials are posted on CANVAS.
5. COMMUNICATION
All announcements are made through CANVAS. Please make sure you check CANVAS and
your SFU email regularly.
6. INSTRUCTIONAL METHODOLOGY
The course will consist of weekly lectures and tutorials. You are expected to do the assigned
questions before the tutorials and participate in in-class group work and discussions. A lot of
material is covered during the lectures and each lecture builds on the previous ones; thus, it is
important for you to keep up with the material. It is also essential to master the basic concepts
early in the course in order to keep up with the more difficult ones later on in the course.
7. EVALUATION AND GRADING
Letter grades will be assigned in accordance with the norms established by the Beedie
School of Business
Grade (200 level course)
A
B
C
D,F,N
Average
(Range)
16%
(12%-20%)
38%
(32%-42%)
36%
(32%-46%)
10%
(0-14%)
In a 200-level course, the class average will be about 2.7 or a B-.
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8. ASSESSMENT
Type
Percent
Homework
10%
Groupwork in tutorials
10%
Midterm
Exam
35%
Final
Exam
45%
Total
100%
9. HOMEWORK
Homework will be assigned as shown on the course outline (below). All homework will be
done and submitted using WileyPlus. It is incumbent upon you to register for the course on
the WileyPlus site. Instructions on how to register will be posted on Canvas. Assignments for
specific chapters will be released on Tuesday at 12:00 pm following the lecture and are due
the following Monday by 12:00 pm. Late submissions are not allowed. You will be allowed
two attempts, though your mark will be reduced by 10% after the first attempt.
10. TUTORIALS
Attendance at tutorials is mandatory. Formal assessments will take place starting from
the SECOND tutorial (week 3).
Each week, you will complete in-class exercises on a group basis. You will be randomly
assigned to a group of three or four, with a leader each week. There will be 10 in-class
exercises (Chapters 2-3 and 5-12). The grade for the best 8 out of 10 exercises will count
towards your grade. Marks will be awarded to the group. You are expected to participate in
the group discussion. Group members will get the mark only when present for the group
activity. The in-class activities include exercises on material covered in the previous (or
earlier) lectures. Answers are only available in class.
11. MIDTERM AND FINAL EXAMS
The midterm and final exams will consist of multiple-choice questions, problem solving and
short-answer questions. The final exam is comprehensive, but a higher percentage of
questions will be allocated to materials after the midterm exam.
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The deferred final exam (if eligible) is at the beginning of the next term. There are no
alternative arrangements for the deferred final exam.
No books, notes or dictionary are allowed in the exam. Calculators are permitted provided
they are silent calculators with single-line or two-line display. Programmable, graphing or
business calculators, and cell phones are not allowed. If your calculator does not meet the
above standards, you will not be allowed to use it and a substitute calculator will not be
provided.
For the exams, you will be provided with an exam booklet, an answer booklet for the
problem solving and short-answer questions, and a bubble sheet for the multiple-choice
questions. You can write on the exam booklet, but only the answer sheet/booklet will be
marked. Failure to hand in all the examination materials before you leave the room will
invalidate your exam without the possibility of a make-up exam.
Note that the final exam is on 13 April 2019, 7-10pm. If you have an exam ‘congestion’
(e.g. 3 exams in a 24-hour period), you should register for the BUS254 D200 class instead.
12. ABSENCE IN EXAMINATIONS
Every student is expected to participate in work assigned during the semester. The marks
obtained for work during the semester will be used in determining the final standing for the
course. A passing grade in any examination does not ensure a passing grade for the course.
Students who miss examinations because of illness or for compassionate reasons are required
to obtain a physician's certificate or other supporting documents in order to obtain
consideration in the course. You are required to see a physician on the day(s) that you are
ill. You must provide the University’s medical form to the medical practitioner. The
completed medical form must be filed with the instructor within FOUR DAYS of the date on
which the examination was to have been written. The form can be obtained here:
http://www.sfu.ca/content/dam/sfu/students/pdf/certificate-of-illness.pdf
ABSENCE FROM MID-TERM EXAM: The final decision as to whether a modification of
course requirements should be granted rests with the instructor, REGARDLESS of what
may be stated on any medical note. The severity of the illness reported by the physician will
be taken into consideration when making this decision. If a modification is granted by the
instructor, you will be allowed to change the weight of your final exam to make up for the
missed mark on the midterm exam.
ABSENCE FROM FINAL EXAM: If you miss the final exam with approved reasons, a DE
notation will be given and you must write a make-up final exam before the fifth day of
classes in the semester immediately following the one in which the notation was awarded.
The deferred exam will be held during the deferred exam week, which is normally at the
beginning of the next semester. There will not be an earlier deferred exam.
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13. ACADEMIC DISHONESTY
Plagiarism is the unacknowledged use of other people’s ideas or work. Plagiarism is often
unintentional and can be avoided through careful work habits and familiarity with academic
conventions. But whether intentional or unintentional, plagiarism is recognized as a serious
academic offence. The university’s strong stance against plagiarism reflects our shared
commitment to intellectual honesty, and the original contributions of each student and faculty
member validate and sustain the university as a vital centre of knowledge and research. It is
your responsibility, as a student and a member of the academic community, to ensure that
you have correctly acknowledged and cited all the resources you have used in writing your
work.
The following examples are representative but not exhaustive of activities constituting
academic dishonesty:
Plagiarism (presenting the work of another person as your own)
Submitting the same work more than once without prior approval
Translating a work from one language to another without complete and proper citation.
Cheating
Impersonation (having someone else write your exam)
Submitting false records or information (forged medical notes)
Stealing or destroying the work of another student
Unauthorized or inappropriate use of computers, calculators and other forms of
technology in course work, assignments or examinations.
You are expected to post comments, and write reports and exams in your own words.
Whenever you take an idea or passage from another author, you must acknowledge it by
appropriately citing the source. If you are struggling to complete an assignment please see
your instructor or the program office for additional assistance. For more information you will
find the SFU policy on Academic Honesty at: http://www.sfu.ca/policies/gazette/student.html
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14. COURSE OUTLINE
Week Date Topic Read
Homework
Assignments
on Wiley Plus due by
12:00 pm
1 Jan 7 Managerial Accounting Chap 1 No tutorials
2 Jan 14
Managerial Cost
Concepts and Cost
Behaviour Analysis
Chap 2 Chap 1
3 Jan 21 Job Order Costing Chap 3 Chap 2
4 Jan 28 Activity-Based-Costing Chap 5 Chap 3
5 Feb 4 Cost-Volume-Profit Chap 6 (including
Appendix 6A) Chap 5
6 Feb 11 Incremental Analysis Chap 7 Chap 6
7 Feb 25 Midterm Chap
1-6 No tutorials
8 Mar 4 Alternative Inventory
Costing Methods Chap 8 (including
Appendix 8A) Chap 7
9 Mar
11 Pricing Chap 9 Chap 8
10 Mar
18 Budgetary Planning Chap 10 Chap 9
11 Mar
25
Budgetary Control and
Responsibility
Accounting
Chap 11 (including
Appendix 11A) Chap 10
12 Apr 1 Standard Costs and
Balanced Scorecard Chap 12 (including
Appendix 12A) Chap 11
13 Apr 8 Review Chap 12
Apr 13 FINAL EXAM

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