School of Administrative Studies, Faculty of Liberal & Professional Studies, York University Winter 2017 Course Outline – all sections (December 5, 2016 version) AP/ADMS2510 3.0 - Introduction to Management Accounting Course website: https://moodle.yorku.ca Please note: If this link is broken you can access the course website by going through the Faculty of LAPS to the School of Administrative Studies website and drilling down to the Fall 2016 Courses link in ADMS. Also please note that Section x is used as the course website for all sections. All course content resides on the Section D website. You need to be registered and have a York Passport ID for site access. Term Section Course Type Day Instructor Time Location M Lecture Monday G. Spraakman 11:30 to 2:30 YK CLH K N Lecture Wednesday R. Umana 7:00 to 10:00 YK ACW 004 O Lecture Thursday G. Maharaj 7:00 to 10:00 YK ACW 004 P Lecture Monday N.S. Pop 7:00 to 10:00 YK ACW 004 Winter Q Online Online G. Spraakman Online Online 2017ll R Lecture Thursday J. Aldcorn 11:30 to 2:30 YK ACW 006 S Lecture Tuesday D. Kong 11:30 to 2:30 YK ACW 006 T Lecture Thursday G. Maharaj 4:00 to 7:00 YK LSB 105 IPMPORTANT INFORMATION BEFORE YOU DECIDE TO ENROL NOTE 1 ADMS 2510 is one of the largest enrolment classes on campus (approximately 1,500 students per year). This regrettably necessitates a very legalistic and inflexible approach to course administration. This course outline has been designed to provide you in advance with detailed guidance on every conceivable rule and regulation in the course. It represents a contract between you as a student and the Course Director, and there should be no deviations from these rules by either party. There will be no exceptions to assignment requirements, exam dates and grade weighting. If you cannot abide by the requirements of this contract, please take the course somewhere else under a letter of permission. You should print out this document and keep it handy for reference throughout the course. NOTE 2 This course offers students a seamless interface between attending lectures on campus and basing all the learning experience via internet. All students have equal access to identical learning resources on a common Moodle website, and in addition, the on-campus lectures are 1 streamed for viewing on the Moodle website. The only important consideration is that home study takes a much higher level of self-discipline (maturity) to stay up-to-date. Since exams are identical across all sections, you can migrate back and forth freely between the two learning styles. A real benefit of having streamed lectures is that if you cannot make a particular class, there is always the comfort of having it viewable “on demand” from the course website. NOTE 3 While there are mechanisms for transferring the weight of missed midterm examinations, this is not the case with the Connect LearnSmart and Assignments. From the beginning of the term, you should keep in mind the due dates for Connect LearnSmart and Assignments. The weight from missed Connect LearnSmart and Assignments cannot be transferred to the mid-term examinations and/or final examination. REGISTRATION INFORMATION Enrolment Deadline All sections for this course normally fill months in advance so early registration is important. Because this is a required BAS course and it fills up so early, very few students drop in the open enrolment period in the first two weeks of classes. If you did not get into the course before classes started, your chances of successfully enrolling are very slim. However, you can request the Receptionist at room 282 Atkinson to add your name to a list that is maintained with the only purpose of estimating the unsatisfied demand of the course, but students are not contacted when vacancies occur. The Course Director is not involved in the registration process in any way and cannot assist you with this process. Because of the high volume of material covered (4 chapters in the first two weeks) and because of early dates of exams, no registration under any circumstances is permitted after the “last date to enroll without permission”, that is, September 21 for Fall 2016. Be aware of the important dates that apply to this course by checking the following site: https://www.registrar.yorku.ca/enrol/dates/fw16 Exam Dates Midterms: As a multi-section course, the midterm examinations in ADMS 2510 are scheduled outside of class on Sunday mornings. You should not take this course if you are unable to attend these exams. Midterm 1: Sunday February 12; 10:00 am – 1:00 pm Midterm 2: Sunday March 12; 10:00 am – 1:00 pm 2 Final examination: Scheduled by the York Registrar in the formal examination period from April 7 to 24. You should not book travel plans in this period. Exact date is published around March 1. Consult the York University website for official timetable information. Course Directors & TA contact information Section Course Director Email contact M, Q Gary Spraakman [email protected] N R. Umana [email protected] O, T G. Maharaj [email protected] P N.S. Pop [email protected] R J. Aldcorn [email protected] S D. Kong [email protected] All sections TA: Mitra Kavehmehr [email protected] Course Description This first course in management accounting introduces students to the use of management accounting information for decision-making, planning and control in a wide range of organizations. Specifically, students learn the basic techniques of management accounting and, to a lesser extent, learn to apply those techniques through quantitative questions and cases. Pre-requisites, which must have been successfully completed prior to taking this course, are: MATH: 12U or equivalent ADMS 2500 3.0 ECON 1000 3.0 Course Objectives The overall objectives of the course are to: 1. Meet the academic requirements of an honours level course as part of a business degree program at university. 2. Meet all requirements to be counted by the CPA Ontario towards professional certification. In particular, this course aims to: 1. Help students learn to gather and develop information and ideas. 2. Help students learn to draw conclusions and form opinions from a set of data. 3. Introduce students to an entity's strategic plan and the planning process. 4. Assist students in understanding how to evaluate the entity's performance management and the internal reporting system. 5.Introduce students to the concept of the entity's risk management process. 6. Help students understand and be able to identify management information sources and needs. 3 7. Assist students in understanding how to prepare an entity's budget and how to relate this to the entity's planning process. Required Course Materials: 1. Textbook + Connect Package Garrison, Managerial Accounting with Connect Access Code Card, 10th Canadian edition, © 2015, McGraw-Hill Education ISBN: 9781259103278 OR 2. Connect (with eBook/SmartBook) for Garrison, Managerial Accounting, 10th Canadian edition, © 2015, McGraw-Hill Education ISBN: 9781259066818 OR 3. Connect eBookless (Assignments only – without Garrison eBook/SmartBook) for Garrison, Managerial Accounting, 10th Canadian edition, © 2015, McGraw-Hill Education ISBN: 1259466736 Students can purchase Connect Access Codes through the York Bookstore or online when they register in their Connect Course (see Connect Registration Instructions below). Students have access to Connect for 1 year from when they register. More information regarding your Text Book Options will be covered during your first class. If you are unsure of the best option for you, it is advisable to wait until your first class. Connect is required to complete the online course assignments. Connect Registration Instructions To register for Connect (or purchase online); go to your section Connect web address listed below. Students: Please make sure you register in your correct section! Your completed work and grades are not transferable and cannot be moved to another section. Note: You will not be able to register to your Connect course until September 8 2016, when registration opens. Section Professor Connect Course URL for Student Registration 4 M, Q Gary Spraakman http://connect.mheducation.com/class/g-spraakman- adms2510-winter-2017-section-m N Roberto http://connect.mheducation.com/class/g-spraakman- Umana adms2510-winter-201 7 -section-q h ttp://connect.mheducation.com/class/r-umana-adms2510- O, T Gajindra winter-2017-section-n Maharaj http://connect.mheducation.com/class/g-maharaj-adms2510- winter-2017-section-o P Stefan Pop http://connect.mheducation.com/class/g-maharaj-adms2510- winter-2017-section-t R Jamie http://connect.mheducation.com/class/s-pop-adms2510- Oldcorn winter-2017-section-p S Doug Kong http://connect.mheducation.com/class/j-aldcorn-adms2510- winter-2017-section-r http://connect.mheducation.com/class/d-kong-adms2510- winter-2017-section-s 1. Go to the Connect Web Address for your section or provided your instructor. 2. Click on “Register Now.” 3. Enter your York email address (this will become your Connect username). If you already have a McGraw-Hill account, you will be asked for your password and will not be required to create a new account. 4. Enter your Connect registration code 5. Follow the on-screen directions. 6. When registration is complete, click on “Go to Connect Now.” 7. You are now ready to use Connect. Connect Support For any questions or issues related to Connect, submit a support ticket with the McGraw-Hill Care Centre at http://www.mheducation.ca/college/helpticket. You will be issued a case or reference number. Please keep for your records. If you still need assistance after submitting a ticket with the McGraw-Hill Care Centre, you can email your ticket number and request to your McGraw-Hill helpline: www.mheducation.ca/support. Please include in your email, what course you are taking, your section and professor name, and the email address you used to register for Connect. Visit www.improveyourgrades.ca and www.connectstudentsuccess.com to learn more about Connect, LearnSmart and SmartBook. Computing Requirements This course has an extensive computer interface and you will need access to a multi-media computer with a high-speed Internet connection. The most recent versions of Adobe Reader and 5 Apple QuickTime are required to view course materials, available by free download from www.adobe.com and www.quicktime.com, respectively. A computer and speakers (or headphones) will be required to read and listen to the recorded material that complements the text. ‘Adobe Reader’ and ‘QuickTime’ are needed to view the multimedia clips that illustrate and explain the concepts. There are free computer labs on campus for registered students who do not possess these computing resources. Campus computers do not have speakers, so you will have to supply your own headphones. ORGANIZATION OF THE COURSE Lectures There is a three-hour lecture each week. On-campus sections will have their lecture in the designated lecture hall at York. Also, all sections will have access to the online section’s lectures which consist of a voice over slideshow. It is available on the course website each week. These lecture recordings are random access, so you can jump to any point in the lecture and repeat any component of the broadcast you wish to view again. Since these online lectures can be viewed multiple times and are ideal for course review, they are available to all ADMS 2510 students on the course website. Each week, the lecture slides will be available several days before class. It is suggested you download and print these slides as they constitute an excellent set of lecture notes. Making the lectures available on the website to all students begs the question ….. ”Why come to class since all lectures can be viewed from home?” Viewing from home is quite appropriate for some students. However, pedagogical research has shown that only about one student in three has the intellectual maturity to stay up-to-date in web-based courses. Internet failure rates tend to be higher than campus failure rates specifically because of this. Internet study requires far more self-discipline than being an on-campus student. Internet study is not for everyone. Attending class has the very huge benefit of forcing you to stay up-to-date each week. If you fall more than a week behind in an accounting course, failure is almost a certainty. Cramming is just not an option in ADMS 2510. The other benefit of coming to class is that you can ask questions in real time and get quick solutions; efficiently communicate with the instructor and other students; and improve learning effects. Attendance is not taken in class, so pick the study mode that works best for you, but be realistic in your self-assessment. To summarize: if good grades are important to you, you maximize your chances of good learning and good grades by both attending class and watching the streamed lecture. This constitutes a wonderful review opportunity. Not many courses at York offer such an opportunity…..take advantage of it. Tutorial Groups and Sessions 6 Attendance at tutorial sessions is not mandatory. Tutorial sessions are designed to cover a set of problems and exercises, but beyond them, they are largely unstructured. In general, after the mandated exercises have been covered, you come with your questions and T/As are simply there to help you. When the T/A is getting multiple questions on a single theme, this will usually turn into a group teaching moment. With two hours a week of free tutoring, there is no need to spend money on expensive outside tutors (such as the company that hands out flyers inside and outside our classroom). The detail of tutorials and themes for each session can be found later in this course outline. Email Protocol If you want help with a problem, it is important that your email be properly labeled and show the calculations you have made. Make sure to include your name, student number, and section number in all your emails. Messages without this information will remain unopened. Students in 2510 are required to obtain and use a Yorku.ca email account for course email. For security reasons, we will not respond to Gmail/Hotmail etc. Who do I email for what? [email protected]….(all computing issues) Course Director……….(all questions related to course content, course administration and grades) Course coordinator for winter 2017 (all other issues and all questions/concerns not properly addressed by the Course Director and/or the Teaching Assistant): [email protected]. Practice Problems There are lots of practice problems and solutions in your textbook. As you will be tested with questions from the text with the numbers changed, all textbook exercises and problems are good practice for the midterm and final examinations. The formula for success in a “problems” course such as accounting is always to work as many exercises and problems as time permits. Whenever a student asks their accounting professor how to improve their grade, the automatic answer is to work more exercises and problems. Course Website All course material is contained on the website for Section D, which is the website for all sections. This ensures all sections get consistent information at the same time. It also facilitates our objective of making the learning experience identical for both internet/online and on-campus students. The website contains • This course outline 7 • Announcements on all important matters in the course. You should check these several times a week and especially before class in case there is a class cancellation • Recorded lectures • Lecture slides to print as course notes • Examination information • Suggestions for practicing for examinations • Examination results The website is of restricted access and you will have to log in with your York Passport account. WEEKLY TIMETABLE AND DUE DATES Note, none of the Garrison appendices are covered in ADMS 2510. Week, dates Textbook Chapters CLASS WORK 1, January 5-11 Chapter 1: Managerial Accounting Exercise 2-9 & the Business Environment; Problem 2-17 Chapter 2: Cost Terms, Concepts & Classifications Case Analysis: An Case 2-28 Introduction Problem Solving Techniques 2, January 12-18 Chapter 3: Cost Behaviour Chapter 4: Cost-Volume-Profit Exercises 3-6 & 3-8 Relationships Problem 4-19 September 21 : last date to enroll in the course without permission 3, January 19-25 Chapter 5: Job-Order Costing Problems 5-17 & 5.19 4, January 26- Chapter 6: Process Costing Exercise 6-4 February 1 Problem 6-11 5, February 2-8 Chapter 7: Activity-Based Costing Exercise 7-14 Problems 7-19 & 7-20 6, February 9-15 Chapter 8: Variable Costing Exercises 8-5, 8-6 & 8.9 February 12, Weeks 1-5, chapters 1-7 common mid-term examination #1, 10 am to 1 pm 7, February 16 and Chapter 9: Budgeting Exercise 9-1 8 25-March 1 Problem 9-18 Winter break February 18-24 8, March 2-8 Chapter 10: Standard Costs & Exercises 10-7 & 10-8 Overhead Analysis Case: To be provided by section instructor* 9, March 9-15 Chapter 11: Reporting for Control Exercise 11-6 Problem 11-14 Sunday March 12, Week 6-8, Chapters 7-10 10 am – 1 pm, Common Midterm Examination #2 10, March 6-22 Chapter 12: Relevant Costing For Exercises 12-8, 12-11 & 12-12 decision Making Case: To be provided by section instructor.* 11, March 16-22 Chapter 13: Capital Budgeting Exercises 13-3, 13-4 & 13-7 Decisions Problem 13-28 12, March 23-April Case study analysis and course Cases: 1 Review To be provided by section instructor* Final examination, comprehensive (April 7- Chapters 1 to 13, coverage of all 24) classes * The cases to be analyzed in weeks 8, 10 and 12, will be posted to the respective section websites. Tutorials: There will be a two-hour weekly tutorial. The TA will go through worked examples of textbook problems and assist students in areas where they have concerns. Attendance at tutorial sessions is not mandatory. Tutorial sessions are unstructured as there is no prepared agenda beyond the list provided below and TA’s are there simply to help you with any questions you have on accounting theory, study techniques, and practice problems. The best feature of these tutorials is that if you wish to get extra help, you are invited to attend all the sessions offered each week. With 2 hours of tutorials a week, there is no need to spend money on expensive outside tutors. At a minimum, the following problems will be worked through in the tutorials: Week & Date Time Location Take up in tutorial 9 1: No tutorial No tutorial 2: Jan 14 10:00 am – 12:00 noon TBA Problems 2-20, 2-22 3: Jan 21 10:00 am – 12:00 noon Problems 3-14, 3-17, Problem 4-25 4: Jan 28 10:00 am – 12:00 noon Problem 5-20, 5-29 5: Feb 4 10:00 am - 12:00 noon Exercise 6-1, Problems 6-12 and 6-13 6: Feb11 10:00 am– 12:00 noon Exercise 7-4, 7-8, Problem 7:22 7: Feb18 10:00 am – 12:00 noon Exercises 8-3, 8-7, Problem 8-14 8: Feb 25 10:00 am – 12:00 pm Exercises 9-6, 9-7, Problem 9-17 9: Mar 4 10:00am – 12:00 noon Exercises 10-14, Problem 10-22 10: Mar 11 10:00 am – 12:00 noon Exercises 11-4, 11-8, Problem 11-20 10:00 am – 12:00 pm Exercises 12-3, Problems 12-20, 12-24 11: Mar 18 Exercise 13-11, Problems 13-21, 12: Mar 25 10:00 am - 12:00 noon Review, chapters 1 to 13 13: April 1 10:00 am – 12:00 noon Review, chapters 1 to 13 14, April 8 10:00 am – 12:00 noon Review , chapters 1-13 ____________________________________________________________________________________________________________________________________________________________ Tutorials will be held on Saturday mornings. Course Evaluation (for all sections): Connect LearnSmart Assignments 5% Connect Homework Assignments 10% Mid-Term 1 25% Mid-Term 2 30% Final Examination 30% Total 100% Students will not be allowed to write a final examination worth more than 60% of the final grade, so plan to write at least one mid-term and the Connect LearnSmart and Assignments. Online Connect Assignments There are 13 Connect LearnSmart and 12 Connect Homework Assignments which are part of your course work and are located in Connect, which is an adaptive learning tool that pinpoints critical concepts you need to learn and maps out a personalized study plan to ensure success. For a short video on Connect, visit www.mhlearnsmart.com. There are 12 Connect Homework Assignments which include quantitative and algorithmic questions and students have unlimited attempts for each assignment and only their best mark will be kept and applied to their final grade (10%). Due dates are listed in Connect and cannot be extended. 10