Xi an Jiaotong University

Transcription

1 Academic Inquiries: Xi an Jiaotong University Phone: (+86) Xi an Jiaotong University Managerial Accounting Course Number: ACC 202 Credits: 4.0 Instructor: Gabriel Telleria Contact Hours: 60 Home Institution: Walden University Time: June 5 th - July 7 th, gabriel.telleria@waldenu.edu Semester Length: Five Weeks Office Hours: TBD and by appointment Textbook: Managerial Accounting, Ray H. Garrison, Eric W. Noreen and Peter C. Brewer, McGraw-Hill Irwin 15th Ed. (2014) Course Description: This course emphasizes the use of accounting information throughout the planning, operation and control stages of managing an organization. It is designed to give students an understanding of decision-making in organizations, where the decisions involve the generation, analysis, or use of financial information. The major topics in this course include the use of accounting in making alternative choice decisions, the development and use of product cost information, and the use of accounting information for managerial planning and control. Students will also get an introduction to cost behavior, budgeting, responsibility accounting, cost control, and product costing. Learning Objectives: Estimate costs and benefits of alternative decisions o Focus on ABC as a procedure for estimating costs. Use variable and fixed costs to estimate costs and break-even points o Focus on how to treat fixed costs in the short and long run. Identify cost efficient processes 1 / 6

2 o Focus on value chain analysis, target costing and quality costs. Choose appropriate performance measures o Focus on how to evaluate individuals. Create a budget for planning and control purposes o Focus on how to put together a budget that contains both planning and control elements Course Hours: This course will meet for a total of 25 sessions. Each session is 120 minutes in length for a total course meeting time of 3000 minutes or 60 contact hours. Xi an Jiaotong University awards 4 credits for the successful completion of this course. Attendance: Summer courses are very intensive and in order to be successful, students need to attend every class. Attendance is required for all lectures and in class activities. If you need to miss a day of class make sure you speak with me first otherwise the absence will be unexcused. If you miss class due to illness, please bring a doctor s note and the absence will be excused. Unexcused absences will negatively impact your grade, and Xi an Jiaotong 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. Exams: No make-ups will be given after the exam. The use of the textbook or any other written reference is not allowed during the exams. Calculators are allowed. More information on the content will be given in class as the time for the exams approaches. Academic Dishonesty: All cases of academic dishonesty will be diligently pursued. Please see the student conduct code if you do not understand this issue. 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 Guidelines for Mid-Term Examinations and the Final Examination Only the following items are allowed to be brought into the examination room: Wallet Approved Calculator Pencils

3 The following items are not permitted in the examination room: Books Notebooks Book bag Purse Laptop Cell Phone ipod, or any other electronic devices Course Grading: Exam I 20% Exam II 30% Exam III 40% Attendance 10% A C A C A D B D B D B F C+ Course Outline: Week 1 Introduction & Basic Cost Concepts Chapters 1 & 2 Comparison of Financial and Managerial Accounting Organizational Structure The Changing Business Environment Professional Ethics The Certified Management Accountant General Cost Classifications Product Costs versus Period Costs Cost Classifications on Financial Statements

4 Week 2 Product Cost Flows Cost Classifications for Predicting Cost Behavior Cost Classifications for Assigning Cost to Cost Objects Cost Classifications for Decision Making Job Order Costing and ABC Chapters 3 & 8 Process and Job-Order Costing The Flow of Costs Problems of Overhead Application Job-Order Costing in Service Companies How Costs Are Treated under Activity-Based Costing Designing an Activity-based Costing The Mechanics of Activity-Based Costing Comparison of Traditional and ABC Product Costs Midterm Exam Week 3 Process Costing Chapter 4 Cost Behavior and CVP Analysis Chapters 5 & 6 Types of Cost Behavior Patterns The Analysis of Mixed Costs The Contribution Format Income Statement Basics of CVP Break-Even Analysis CVP Considerations in Choosing a Cost Structure Sales Mix Week 4 Variable Costing and Relevant Costs Chapter 7 & 13 Effect of Changes in Production on Net Operating Income Absorption and Variable Costing

5 Costing Method Cost Concepts for Decision Making Adding and Dropping Product Lines and Other Segments The Make or Buy Decision Opportunity Cost Utilization of a Constrained Resource Activity-Based Costing and Relevant Costs Budget Preparation & Cash Flows Chapters 9 & 15 The Basic Framework of Budgeting Preparing the Master Budget International Aspects of Budgeting Allocations Using the Direct and Step Methods Allocating Costs by Behavior Some Cautions in Allocating Service Department Costs Midterm Exam Week 5 Standard Costing & Variance Analysis Chapters 10 and 11 Standard Costs Direct Materials Variances Direct Labor Variances Evaluation of Controls Based on Standard Costs Flexible Budgets Variable Overhead Variances A Closer Look Overhead Rates and Fixed Overhead Analysis Segment Reporting & Performance Evaluation Chapter 12 Centralized vs. Decentralized Financial Performance

6 Allocations to Decentralized Segments for Performance Evaluation Capital Budgeting Chapter 14 Computing the Net Present Value of Investment Projects Resource Allocation Decisions in Decentralized Firms Final Exam