St Georges University

School of Arts and Sciences

Department of Business
Course Code and Title: Semester: No. of Credits: Pre-requisite(s): Lecturer Name: Lecture Contact information: Lecturers office ours:
(ACCT 351) MANAGERIAL ACCOUNTING

Spring/ Fall Three (3) Students must successfully complete SGU course ACCT 2 ! or its e"ui#alent

$onald A %eters
&uilding C' !!! !()* +tn 3,(2' rapeters-sgu.edu Tuesday/s 0 Thursday/s (.3 to 3.3 %1

Course Description This introduces students to the tools' concepts and techni"ues used 2y Accountants to pro#ide information to managers 3ithin an organisation to ena2le them to 2etter carry out their managerial tas4s Course !oals To gi#e students an understanding of the concepts and techni"ues of managerial accounting and to sho3 them ho3 these are applied in actual companies. 5ntroduce students to a num2er of the planning and control decisions that managers ha#e to ma4e and ho3 managerial accounting pro#ides information to help them ma4e informed decisions. 6+pose students to decisions in all 2usiness sectors' non7profit and profit see4ing' manufacturing' ser#ice and merchandising.

Course "#$ecti%es &pon successful completion of t is course' students (ill: Upon completion of this course students should 2e a2le to8 (. 9istinguish 2et3een managerial accounting and financial accounting 2. 9iscuss the role of managerial accounting 3ithin an organisation. 3. 9iscuss the importance and challenges of ethics to the accountant 3ithin an organisation !. Use #arious classifications to analyse costs 3ithin an organisation. *. 9escri2e and illustrate a2sorption and #aria2le costing methods and prepare reports using these methods. ,. 9escri2e' illustrate and comment on the use of 2udgeting as an aid to planning. ). 5dentify rele#ant costs and appropriate techni"ues for decision7ma4ing and to use them in #arious decision7ma4ing situations.

Course Competencies

1. Record transactions involving the acquisition and use of materials, labour and overheads 2. Calculate product costs 3. Calculate profits using absorption and marginal costing techniques 4. Prepare functional budgets and static master budgets 5. Prepare fle ible budgets !. Compute and interpret variances ". Prepare reports using relevant information to assist management in ma#ing operating and mar#eting decisions.
Teac in) *et odolo)+ The teaching method 3ill 2e lectures 2ased on the course te+t2oo4 supported 2y tutorials' classroom discussions' classroom e+ercises and pro2lems' home3or4 assignments and indi#idual learning from the reading assignments. Course ,ssessment (. %articipation in class discussions. 2. %asses in 2oth class "ui::es. 3. Successful completion of mid7term or final e+aminations. !rades (ill #e earned as follo(s: (. Class participation 2. 5n class "ui: 3. 1id7term e+am

( ; 3 ; 3 ;
2

!. Final e+am Grade A< A &< & C< C 9 F 5 @ ; = 7( ?*7?= ? 7?! )*7)= ) 7)! ,*7,= 7,!

3 ; G%6 !. !. 3.* 3. 2.* 2. (.

6+cellent >ery Good Good Good A#erage A#erage %ass Fail

Course materials Prescri#ed Te-t: A5ntroduction to 1anagement AccountingB 2y Corngren' Sundem and Stratton (*th 6dition' %rentice Call. Course .equirements ,ttendance Polic+ Students are e+pected to attend at least ? percent of lectures to get full mar4s for participation. Pla)iarism Polic+ %apers and presentations are e+pected to 2e your original 3or4' 3ith appropriate credit gi#en to the sources used as references. Sources should 2e documented using the A%A Style 1anual. %lagiarism and other instances of academic dishonesty 3ill result in failing the course along 3ith possi2le disciplinary action 2y the 9ean of Students/ Dffice. Preparation for class Students must read the topic and attempt the assignments for class discussion 2efore the class. Class Participation Eour participation grade 3ill 2e 2ased on the "uality of the participation. %ast e+perience tells us that the assigned reading assists students in the "uality of their class participation. %articipation includes students as4ing and ans3ering "uestions during class ,ssi)nment Su#mission polic+
3

5n class assignments are to 2e attempted 2y the students 2efore class in 3hich the topic 3ill 2e co#ered. Classroom etiquette &efore entering the class' students are re"uired to turn off or put on silent all cell phones' 2eepers and any other form of technologies that could disrupt class. 6#ery student is entitled to full participation in class 3ithout interruption. 9isruption of class 2y inconsiderate 2eha#ior is not accepta2le. Students are e+pected to treat the instructor and other students 3ith dignity and respect' especially in cases 3here differences of opinion arise. Students 3ho engage in disrupti#e 2eha#ior are su2Fect to disciplinary action 2y the 9ean of Students' as per the Student Manual. 6ating and drin4ing are not allo3ed during lectures Students (it Disa#ilities and Special C allen)es A student 3ho has a disa2ility or a special challenge that re"uires some modification of the seating or other class re"uirements must contact the course director so that appropriate arrangements can 2e made. Disclaimer 5t is your responsi2ility to read and understand the polices' la3s' rules and procedures that 3hile they could affect your grade for course' ha#e not 2een specifically outlined in the course sylla2us. These are contained in the St. George Un!"er !t# Student Manual.

Course "utline

C"&.S/ P."!.,**/
0ee1 2 Topic 5ntroduction Course design 0 Administration 1anagerial Accounting' the 2usiness Drgani:ation' and %rofessional ethics 5ntroduction to Cost &eha#iour 0 Cost #olume relationships 4 5 1easurement of Cost 2eha#iour 6 : < $ele#ant 5nformation 0 9ecision ma4ing8 %ricing 9ecisions = ? 2; 22 *7D T/.* />,* $ele#ant 5nformation 0 9ecision ma4ing8 Dperational 9ecisions $ele#ant 5nformation 0 9ecision ma4ing8 Dperational 9ecisions 5ntroduction to &udgeting 0 %reparing the 1aster &udget 5ntroduction to &udgeting 0 %reparing the 1aster &udget In class quiz 2
*

,ssi)nments to #e prepared for class C apter 2 (7A3' (7&( 0 (7&2' (7&3 6+ercise 1$%&' 1$3%' 1$3(' %ro2lem 1$() C apter 3 27A2' 27A3' 2&2 6+ercise 272?' 273(' 2732' 273? %ro2lem 27!,' 27*

5ntroduction to Cost &eha#iour 0 Cost #olume relationships C apter 4 3$%1, 3$%3 & ercise 3$32, 3$3', 3$41 Problem 3$4(

1easurement of Cost 2eha#iour 7n Class 8ui9 2 Cost 1anagement Systems

(Pa)e 25; to top of pa)e 263

C apter 5 6+ercise !73,'!73?' !73= %ro2lems !7*(' !7*2' C apter 6 *7A( /-ercise 5$31, 5$32, 5$33, 5$ 4) * 5$43 Problem 5$5!+Parts1,2,3, C apter : 6+ercise !$32, !$33, !$3!, !$3" Problem !$4"

C apter < 6+ercise "$3), "$31, "$33, "$35 Problem "$3!

23

24 Fle+i2le &udgets 0 >ariance Analysis 25 26 2: Fle+i2le &udgets 0 >ariance Analysis Accounting for o#erhead costs @inal /-ams

C apter = ?7&2 6+ercise )$%*' )$3+' )$3%

C apter 24 6+ercise 13$45 Problem 13$5(, 13$5'

C"&.S/ ,ND 7NST.&CT". C.7T78&/ P."!.,*

(/-tracted from t e Student *anual)

C"&.S/ ,ND 7NST.&CT". C.7T78&/S: Students are e+pected to attend all classes and other related academic acti#ities as defined for each course 2y the Course 9irector. Dne such academic acti#ity is participation in the St. George/s Uni#ersity (SGU) Course and 5nstructor Criti"ue program. ST&D/NT P,.T7C7P,T7"N 7N TA/ /B,L&,T7"N P."C/SS 7S *,ND,T".C: @hen re"uested' students in a course are e+pected to complete all re"uired faculty and course e#aluations. Failure to complete all re"uired course and instructor criti"ues 3ill mean that the student has not fulfilled all course re"uirements. Students are notified 2y the Criti"ues Coordinator 3hen an e#aluation period has 2egun and send periodic reminders to ensure that criti"ues are su2mitted 3ithin the allotted time frame. TA/ 7*P".T,NC/ "@ /B,L&,T7"N: 6#aluation is a necessary component of any course. Gust as students anticipate a fair and accurate e#aluation of their performance and achie#ement in a course' SGU re"uires that faculty and course e#aluations 2e completed each term. Continual e#aluation and assessment of faculty ensures that the instructional program not only remains consistent' 2ut also impro#es as students/ needs and e+pectations are considered. @//DB,CD: At the 2eginning of each term' Course 9irectors 3ill address the class and summari:e the results of the Course and 5nstructor Criti"ues from the pre#ious semester. 5n this summary' Course 9irectors 3ill report areas that students rated highly and the areas that recei#ed the lo3est ratings. For areas recei#ing lo3 ratings' the Course 9irector should detail 3hat changes 3ere made to address students/ concerns' thus ensuring that course e#aluation influences course design and deli#ery.
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N"T/:

%lease 2e assured that the information you pro#ide 3ill remain strictly confidential 2ecause your identification and your responses 3ill al3ays 2e separated. 5f you ha#e any "uestions a2out the Course and 5nstructor Criti"ue System' please contact Heisha Griffith71ar4 (lgriffithmar4-sgu.edu /e+t. 2(*=) or Tonya I. 9uncan (toduncan-sgu.edu / e+t. 2*=() at the Dffice of 5nstitutional Ad#ancement (D5A)