Managerial Accounting

Transcription

1 Managerial Accounting Course Number: ACC 202 Term: Summer 2018 Instructor * : Karen Kukla Dates: July 9 th August 10 th Institution: Syracuse University Meeting Times: M, T, W, TH, F kakukla@syr.edu Office Hours: TBD and by appointment *Additional instructor information available on final page I. Course Description: This course focuses on the fundamentals of management accounting with an emphasis on the use of accounting information in the internal decision-making process of managers with organizational responsibilities. Students will be introduced to cost behavior, product costing, budgeting, responsibility accounting and cost control. II. Learning Objectives: Understand the role accounting information plays in decision making across all functional areas of management. Identify the various cost classifications and recognize in which circumstances each is appropriate. Employ cost allocation methods and cost-volume-profit techniques appropriately. Examine and compare traditional cost allocation techniques with activity based costing (ABC). Understand the importance of the budgeting process and performance measures in an organization. Develop critical thinking and problem solving skills.

2 III. Required Textbook and Course Materials: Managerial Accounting for Undergraduates (1 st Edition) by Christensen, Hobson and Wallace (Cambridge Business Publishers). ISBN Purchase of the text includes an access code to mybusinesscourse, the required on-line platform. IV. Language of Instruction: This course is taught entirely in English, including lectures, homework, assignments and examinations. Teaching assistants will be fluent in both English and Mandarin. V. Course Prerequisites: ACC Financial Accounting Attendance University Policies Summer courses are very intensive and in order to be successful, students need to attend every class. If you need to miss a day of class, make sure you speak with the course instructor first. Otherwise the absence will be unexcused. If you need to miss class due to illness, please bring a doctor s note. Unexcused absences will negatively impact your grade, and university policy states that students with three or more unexcused absences will be referred to the Dean s office and face automatic failure of this course. Academic Dishonesty All cases of academic dishonesty will be diligently pursued. Academic dishonesty includes representing the work of another as one s own work or cheating by any means. Academic dishonesty also includes aiding, abetting, concealing or attempting such activity. The penalty is automatic failure of the course and possible suspension from the university. Grading Scale Student grades will be determined using the following grading scale:

3 Grading Scale (%) A C A C A C B D B D B D F Instructor Policies Course Policies: All course deliverables (homework and exams) are due on time as assigned. This course includes no make-ups, postponements or additional assignments, except for verified medical emergencies. If you miss an exam/assignment due to a non-verifiable absence, your score on that exam/assignment will be zero. Attendance: Daily attendance will be taken by your Teaching Assistant and is required for all lectures and in-class activities. Grade Components Exams (2) 40% Final Exam 30% Homework 20% Attendance 10% Total 100%

4 Tentative Course Schedule Date Week One July 9 July 13 Week Two July 16 July 20 July 19 July 20 Week Three July 23 July 27 Lecture Topics Overview of Managerial Accounting (Chapter 1) Introduction Types of Business Entities Major Trends in Business & Managerial Accounting Managerial Accounting Concepts and Cost Flows (Chapter 2) Key Objectives Inventories & Cost Categories Product Cost Accumulation and Journal Entries Cost Accounting Systems: Job Order Costing (Chapter 3) Cost Accounting Systems Predetermined Overhead Rates Job Order Costing Systems Accounting For Service Departments Department Overhead Rates Cost Accounting Systems: Process Costing (Chapter 4) Introduction Characteristics of Process Costing Process Costing Steps The Product Cost Report Exam 1 Activity Based Costing (Chapter 5) Understanding Indirect Costs Using ABC Activity-Based Costing Traditional Product Costing and ABC Compared Cost-Volume-Profit Relationships (Chapter 6) Cost Behavior Analysis CVP Analysis Planning for Profit Standard Costing and Variance Analysis (Chapter 10) Determining Standard Costs Cost Variances Standard Costs in Financial Statements

5 Week Four July 30 August 3 Exam 2 Relevant Costs and Short-Term Decision Making (Chapter 8) Management and the Decision-Making Process Relevant Costs and Differential Analysis The Special Order Planning and Budgeting (Chapter 9) The Planning Process The Budgeting Process Framework & Illustration of the Master Budget Statement of Cash Flows (Chapter 13) Activity Classifications Noncash Investing and Financing Activities Using the Statement of Cash Flows Week Five August 6 9 Capital Budgeting (Chapter 12) Elements of Capital Budgeting Required Rates of Return and the Time Value of Money Measurement of Investments & Returns Flexible Budgets, Segment Reporting & Performance Analysis (Chapter 11) Flexible Budgets Performance Reporting Performance Analysis FINAL EXAM 10 August 2018

6 Meet your Instructor Dr. Karen Kukla Institution: Syracuse University Education Background: J.D. Syracuse University College of Law BBA University of Michigan Biography: Dr. Kukla teaches graduate and undergraduate courses at Syracuse University s Martin J. Whitman School of Management. She holds a Bachelor of Business Administration in Accounting from the University of Michigan and a Juris Doctorate, magna cum laude, from Syracuse University. Professor Kukla was licensed as a Certified Public Accountant in 1985 (Commonwealth of Virginia); she was admitted to the bar of New York State in 1993 and the United States Supreme Court in She has over 30 years of experience in accounting and law; she now currently devotes full time to education. Professor Kukla s teaching interests include financial and managerial accounting, fraud examination and business law.