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Course Outline

Department: School of Management

Course Number: FMGT 1116

Course Title: Accounting for Managers Credits: 3

Semester Year: 201710 Section: W01

Days: This is an online course Hours: No classes

Classroom: n/a CRN: 10693

Instructor Contact
Name: Shonna Reynolds Phone: TBA

Office: B246p Email: sreynolds@langara.bc.ca

Office Hours: In-person: Tuesdays 1:00 pm to 2:00 pm or by appointment. Please e-mail to set up
an appointment. I will respond to all e-mails within 24 hours Monday to Friday.

Course Description
This course provides an overview of basic financial and management accounting principles and
techniques, including the managerial use of financial statements and other financial information for
decision-making purposes. Students will initially be introduced to the principles and techniques used in
financial accounting. The second part of the course will explore common managerial accounting
techniques such as budgeting, cost-volume-profit analysis, and decision-making.

ADDITIONAL INFORMATION:
Students must receive a grade of at least 50% on the combined exam components in order to pass the
course. Specifically, you must receive a minimum of 30 marks out of the 60 marks allocated to the
midterm and the final exam.

Both the midterm exam and the final exam are invigilated on campus at Langara. If you do not live in
the Metro Vancouver area, you will need to make arrangements for the exams to be invigilated at an
authorized exam centre at your own cost.

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Course Outline

Learning Outcomes
Learning Outcome Measure-
ment
Understand what accounting is and why it is important; Identify the four financial statements and Assignments,
explain the basic information provided; Compute and interpret basic financial statement ratios to Project and
evaluate solvency, profitability and investment performance; Prepare and interpret ratio, trend Midterm
and common-size analysis.
Exam
Understand how the balance sheet is organized; Identify the components of the balance sheet;
Explain how debt and equity affect financial risk
Understand how a multi-step income statement is organized; Interpret trends in income
statement revenues, expenses, subtotals and totals; Understand the accrual basis for accounting,
revenue recognition and the matching principle
Understand how the statement of stockholders equity is organized; Identify and explain common
and preferred stock; Understand par value and additional paid-in capital, typical items that affect
retained earnings, treasury stock, and accumulated other comprehensive income
Understand how the statement of cash flows is organized; Identify operating, investing and
financing activities; Understand direct and indirect methods for computing operating cash flows
Understand the nature of cash and cash equivalents; Learn how companies report short-term and
long-term investments; Understand accounts receivable and accounting for bad debts; Learn to
account for inventory including the FIFO and LIFO methods; Understand accounting for property,
plant and equipment including the straight-line and double-declining-balance methods; Learn how
companies account for current and non-current liabilities
Distinguish between service, merchandising and manufacturing companies; Distinguish between Assignments,
direct and indirect costs; Describe costs and classify costs Project and
Describe key characteristics and graphs of various cost behaviours; Prepare contribution margin Final Exam
income statements for service firms and merchandising firms and use segment reporting
Calculate the unit contribution margin and the contribution margin ratio; Use CVP analysis to find
break-even points and target profit volumes; Perform sensitivity analysis and determine a firms
margin of safety and operating leverage
Describe and identify information relevant to short-term business decisions; Make special-order,
pricing, product mix, outsourcing, and transfer-pricing decisions
Describe and prepare operating and financial budgets; Describe the four types of responsibility
centres and prepare performance reports
Describe the importance of capital investments and the capital budgeting process; Compare and
contrast the four capital budgeting methods; Use payback and accounting rate of return methods
to make capital investment decisions; Use time value of money to compute the present and future
values of single lump sums and annuities; Use discounted cash flow models to make capital
investment decisions

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Course Outline

Prerequisite(s)
None.

University Transferability
For information, visit www.bctransferguide.ca.

Required Textbooks
1 - Schoenebeck, Karen P., Holtzman, Mark P. Interpreting and Analyzing Financial Statements: A
Project-Based Approach. 6th Edition. Edited by Donna Battista. Upper Saddle River, New Jersey:
Pearson Education, 2013.

2 - Braun, Tietz, Harrison, Pyper. Managerial Accounting. Second Canadian Edition. Edited by Nicole
Lukach. Toronto, Ontario: Pearson Education, 2015. (The one sold in the bookstore is a custom
publication of only the chapters covered in this course).

3 MyAccountingLab, an online accounting learning environment from Pearson Education, that


accompanies the Braun, Tietz, Harrison, Pyper textbook. MyAccountingLab is mandatory for
homework during the second half of this course.
http://www.pearsonmylabandmastering.com/northamerica/

Youll need two pieces of information to access MyAccountingLab


1) MyAccountingLab Course ID: reynolds29316
2) Access code from Braun Textbook, or can purchase access code directly from Pearson
Publishing.

Please note that all three components are required

Recommended Readings
Students studying business should read widely and be comfortable accessing the Internet for research
purposes. Recommended reading includes the following: The Globe and Mail, The National Post,
Marketing, Business in Vancouver, Profit, AdWeekly, Harvard Business Review, Entrepreneur and many
other local, national, and international sources.

Desire 2 Learn (D2L)


Students are expected to regularly check D2L for posted readings, assignments, quizzes, and messages
from the instructor.

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Course Outline

Grade Allocation
Assignments (9 @ 2 each + 2 @ 1 each) 20%
Projects (2 @ 10 each) 20%
Mid-term exam 30%
Final exam 30%
TOTAL 100%
Required: Agreement with the policies and behaviours described in the LSM Online Student
Orientation (included in the course on D2L) by the end of Week 2 in order to access course material
and receive course credit.

Grading Legend
A+ 95 100% B+ 80 84% C+ 65 69% D 50 54%

A 90 94% B 75 79% C 60 64% F < 50%

A- 85 89% B- 70 74% C- 55 59%

NOTE:
Students must receive a grade of at least 50% on the combined exam components in order to pass the
course. Specifically, you must receive a minimum of 30 marks out of the 60 marks allocated to the
midterm and the final exam.

Both the midterm exam and the final exam are invigilated on campus at Langara. If you do not live in
the Metro Vancouver area, you will need to make arrangements for the exams to be invigilated at an
authorized exam centre at your own cost.

Project
There are two projects, each worth 10%. One project relates to the first half of the course while the
second project relates to the second half of the course. Each project requires a significant investment of
time and effort. Details are available on D2L.

Expectations
Read the textbook chapter and materials posted on D2L a minimum of once a week. All students are
encouraged to participate in online discussions. Students are also encouraged to contribute to the
learning process through discussion of personal job-related experience where applicable.

Any course work, which is not completed because you were late for, or missed it, will receive 0%. If you
miss a midterm exam, quiz or any other type of submission, you are required to contact me in advance
and provide a Doctors note for verification or you will receive 0%. Review the Final Exam Policy here:

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Course Outline

http://langara.ca/about-
langara/policies/pdf/F1007%20Examination%20Policy.approved.121812.web%20copy.pdf

Assignments must be submitted on or before the specified time and date. If you do not submit on time,
without prior notification to me and with my approval to submit at a later date, this will result in you
receiving an F (0%). There will be no exceptions to this standard, other than under exceptional
documented circumstances or for medical reasons.

It is your responsibility to keep up with the course, know what has been covered, etc. If you dont read
e-mails or Announcements, you are responsible.

My role as your instructor is to be one of your learning sources. I am here to help you and to provide any
additional coaching or tutoring that you may need. Please use me as a resource.

Plagiarism and Cheating Policy


All members of the Langara community are expected to observe high standards of academic integrity
and ethical behaviour in completing assignments for evaluation and testing.

Plagiarism and cheating are serious educational offences, which may result in failure of an assignment,
failure of a course, and possible suspension from Langara. For more details, please refer to Langara's
Code of Conduct in the course calendar or Student Policies and Procedures on Langara's website at:
http://langara.ca/registration-and-records/policies-and-procedures/college-student-
responsibilities.html

You are REQUIRED to use the Chicago Manual of Style when identifying your sources. Student work
submitted without proper citation will be returned without being graded.

All written work for this course may be submitted to Turnitin. Turnitin is a third party services that is
licensed by Langara College. The Turnitin application is used to detect plagiarism and ensure originality.
All students are required to create an account with Turnitin and submit coursework through their
account based upon the agreement between you, the student, and Turnitin. Please review the terms
and conditions on the Turnitin website. If you are unwilling to use Turnitin in the standard manner, you
must inform the instructor at least two weeks prior to any deadline. This is especially important if a
student is using the anonymous option.

https://guides.turnitin.com/01_Manuals_and_Guides/Student/Student_QuickStart_Guide

https://guides.turnitin.com/01_Manuals_and_Guides/Student/Student_User_Manual

http://langara.ca/about-langara/administration/pdf/B5001.pdf

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Course Outline

Examination Procedures
This course requires a final examination. All students are expected to review and understand the Final
Examination Policy which can be found here: http://langara.ca/about-
langara/policies/pdf/F1007%20Examination%20Policy.approved.121812.web%20copy.pdf

Examination Procedure Regarding Personal Effects


o Students will not be allowed to store any bags within reach of their seats while writing exams;

o Any bags brought to the examination room (classroom), students will be required to leave their bags
at the front or side of the room and the instructor or College cannot take responsibility for the
safety of these bags; and

o therefore, students are advised to

o not to bring bags to campus at all,

o ensure bags do not contain anything value within,

o make arrangements with a friend whom they can trust to look after their belongings while
writing the exam.

School of Management
It is the aim of the School Management at Langara College to promote the mastery of core skills such as
reading and reading comprehension, writing fluency, verbal articulation, and math development. These
core skills will be practiced by means of presentations and class participation, and will be evaluated on
submitted work. Critical thinking and problem-solving exercises are encouraged at every opportunity.

As stated in the College Calendar and according to College policy, students are expected to attend all
classes, lectures, laboratories, workshops, seminars, and practicum commitments, and be available to
write final examinations where and when scheduled during the examination period.

Students are also reminded to refer to policies and procedures related: Code of Academic Conduct,
Improper/Disruptive Behaviour, Appeal of Final Grades, Concerns Related to Instruction, Attendance,
etc. found in the College Calendar and in the current Student Handbook.

For more information about the School of Management programs, please contact the Schools advisors
(see advising schedule at B253Q) or email business@langara.ca. They are your first point of contact for
many Department and program related enquiries, including course planning, program advice and
switching, and Departmental policies.

: LSMLangara

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Course Outline

Course Schedule
Course Withdrawal Periods - Important Notice

March 4 Last day (before 2100 hours) to withdraw from regular semester courses.

Refer to the Langara College website for more information on Important Dates.
http://www.langara.bc.ca/registration-and-records/important-dates/index.html

Week Assignments
Week Topics and Deliverables All are due before Midnight
Starting Pacific Time
1 Jan 3 Jan 2 College closed. Statutory holiday for New Years Day. Activity 2
Chapter 1 (Schoenebeck) What is Accounting? Sunday January 8

2 Jan 9 Chapter 2 (Schoenebeck) The Balance Sheet Activity 20


Sunday January 15
3 Jan 16 Chapter 3 (Schoenebeck) Income Statement Activity 31
Sunday January 22
4 Jan 23 Chapter 4 (Schoenebeck) Statement of Stockholders Equity Activity 41
Sunday January 29
5 Jan 30 Chapter 5 (Schoenebeck) Statement of Cash Flows Activity 49
Sunday February 5
6 Feb 6 Chapter 6 (Schoenebeck) Specific Accounts Activity 82
Sunday February 12
7 Feb 13 Spring break. Feb 13 18 inclusive.
Feb 13 College closed. Family Day.
8 Feb 20 Chapter 1 (Braun) Introduction to Managerial Accounting Project 1
Chapter 2 (Braun) Building Blocks of Managerial Accounting Saturday, February 25
Project 1 (Financial Analysis) DUE @ 11:59PM

9 Feb 27 MIDTERM EXAM (Schoenebeck, Chapters 1 6) Monday, Problem 2-54A AND


February 27, 18:30-20:30 (6:30PM to 8:30 PM) Problem 3-67A
Sunday March 5
Chapter 3 (Braun) Cost Behaviour

LAST DAY TO WITHDRAW IS (BEFORE 2100 HOURS VANCOUVER TIME)


MARCH 4, 2017 FOR REGULAR SEMESTER COURSES

10 Mar 6 Chapter 4 (Braun) Cost-Volume-Profit Analysis Problem 4-64A


Sunday March 12
11 Mar 13 Chapter 5 (Braun) Short-Term Business Decisions Problem 5-46A
Sunday March 19

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Course Outline

Week Assignments
Week Starting Topics and Deliverables All are due before Midnight
Pacific Time
12 Mar 20 Chapter 6 (Braun) Budgeting Use this time to Work
on Project 2, which is
due March 29
13 Mar 27 Chapter 7 (Braun) Capital Investment Decisions Problem 7-60A
Sunday April 2nd

14 Apr 3 Project 2 (Budgeting) DUE Project 2


Wed., March 29
The project is similar to P6-61A but the numbers are different @11:59PM
15 Apr 10
FINAL EXAM (Braun - Chapters 1 - 7) Check website

Apr 7 Final Exams begin Check website

Apr 14 College closed. Good Friday.


Apr 17 College closed. Easter Monday.

FINAL EXAMINATION PERIOD: Check the final exam schedule on the Langara website for the exact date and
time. The college requires you to be available to sit final examinations during this period. If you miss the
final examination you will receive an N on your permanent academic transcript.

Apr 30 Last day of Spring Semester.

College Policies
As a student at Langara, you are responsible for familiarizing yourself and complying with the
following policies:

E1003 - Student Code of Conduct E2006 - Appeal of Final Grade

F1004 - Code of Academic Conduct F1002 - Concerns about Instruction

E2008 - Academic Standing - Academic E2011 - Withdrawal from Courses


Probation and Academic Suspension

Or go to: http://langara.ca/about-langara/policies/index.html

Privacy

Note: This course may use an electronic (online) instructional resource that is located outside of Canada
for mandatory graded class work. You may be required to enter personal information, such as your

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Course Outline

name and email address, to log in to this resource. This means that your personal information could be
stored on servers located outside of Canada and may be accessed by U.S. authorities, subject to federal
laws. Where possible, you may log in with an email pseudonym as long as you provide the pseudonym
to me so I can identify you when reviewing your class work.

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