Managerial Accounting

eConcordia Comm. 305-EC

Course Outline: FALL, 2021

Instructor Office location:

Tel: Office hours:

E-mail: BY APPOINTMENT

Course Co-ordinator: Dr. Ibrahim Aly

Online Assignments Administrator: Dr. Ibrahim Aly

NEW GENERATION WILEYPLUS for On-Line Assignments

Instructor Section NEW GENERATION WILEYPLUS

Graham, Jon Section AA ID # A20502

Textbooks and Other Materials

Textbook

Weygandt, Kieso, Kimmel, Aly "Managerial Accounting tools for Business Decision-Making",
Sixth Canadian Edition, John Wiley & Sons Canada, Ltd 2021.

OR

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ACCESS CODE FOR WILEYPLUS

Weygandt, Kieso, Kimmel, Aly "Managerial Accounting tools for Business Decision-Making",
Sixth Canadian Edition, John Wiley & Sons Canada, Ltd 2021.

Online Assignments

 The access code for Wiley PLUS is provided free with new textbook purchases.

 Purchase Access Code Only: From the Bookstore or http://ca.he.wiley.com

Additional resources
In eConcordia web page, you will be able to find a subfolder entitled “Resource Center”. It includes:
1 A select number of past exams with solutions
2 The answer key to all assigned exercises, problems and cases
3 The standard power point slides for each chapter of the textbook, plus a summary of key
points to remember

Prerequisites and Course Content

COMM 217 is a pre-requisite for this course. This course has been designed to accommodate both ac-
counting and non-accounting majors. Often referred to as “the language of business”, basic knowledge of
management accounting is of fundamental importance to anyone wishing to take on a management posi -
tion. Regardless of their area of concentration, students will find that knowledge of management
accounting concepts and analytical tools can be applied in most business environments.

In this course, you will learn management techniques that will become an essential part of your business rep -
ertoire. The knowledge you gain will be useful in any business context, regardless of your area of specializa -
tion. Keep in mind that managerial accounting is not just for accountants. The course will examine tradi-
tional cost accounting techniques such as variable costing, job-order costing, budgetary planning
and control tools, as well as application of these techniques in more complex environments, such as
cost-volume-profit analysis, relevant costs in decision-making, responsibility transfer pricing and
more recent management accounting developments such as activity-based costing.

By the end of this course, you should be able to:

1. Demonstrate knowledge of managerial accounting concepts and rules, and the characteristics
of managerial accounting information and its limitations.
2. Apply the core managerial accounting concepts of planning, control, and performance
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 evaluation.
3. Analyze business situations, using managerial accounting techniques to solve problems and
make informed decisions within an organization.
4. Demonstrate the use of ethical behaviour when applying managerial accounting techniques.

Recommendations

This course is DEMANDING and covers a lot of material. In order to succeed, we encourage you to do the
following:

1 Read the textbook and review class notes;

2 Practice the recommended exercises, problems and cases in the textbook;
(Continue doing additional problems until you feel comfortable with a topic)
3 Complete the weekly online assignments
4 Attend one of the weekly tutorial sessions if you need help and guidance with your homework.

Failure to spend enough time on the above will result in difficulty during exams. Managerial accounting is a
system. In order to understand how it works, there is only one safe method: PRACTICE, PRACTICE, AND
PRACTICE.

Course Logistics
Assignments: The exercises and problems recommended in the schedule of course assignments
represent the minimum level of work required to succeed in the course. Students should attempt all
assignments and will benefit most from class discussion having prepared the assignments in ad-
vance. Students are encouraged to attempt additional problems in order to enhance their compet-
ence of a particular topic.

Online Assignments and all exams are on WileyPLUS: Each student should register at NEW
GENERATION WILEYPLUS Platform site as stated above to perform the weekly online assign-
ments. You will have twelve assignments for the twelve chapters required for the course. Each as-
signment will be graded as pass or fail with two ATTEMPTS for each question. To get a passing
grade for any chapter, you need to get a minimum of 60% of the TOTAL marks FOR the chapter. To
know your marks in these assignments, you need to count the # of pass divided by 12 multiples by
10%. For example, if you have 11passes out of 12 assignments your marks will be 11/12X10%= 9.16
out of 10%. These assignments will be due on weekly basis. After the due date, you will be able to re-
view the assignment only with no grade. Assignment ZERO is an introduction to WileyPLUS. It has
no due date and WILL NOT COUNT FOR a GRADE.

Assignment Zero

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 ON-LINE ASSIGNMENTS DUE DATES

CHAPTER DUE DATE

1 September 26 AT 11 PM
2 September 26AT 11 PM
3 October 3 AT 11 PM
4 October 3 AT 11 PM
5 October 10 AT 11 PM
6 October 17 AT 11 PM
First Midterm Exam October 24 at 2:00 – 5:00 PM
Chapters 1 - 6
7 October 31 AT 11 PM
8 November 7 AT 11 PM
9 November 14 AT 11 PM
10 November 21 AT 11 PM
Second Midterm Exam November 28 at 2:00 – 5:00 PM
Chapters 7 - 10
11 November 29 AT 11 PM
12 December 5 AT 11 PM
Course Technology:
The course is administered through eConcordia site and Moodle. Important announcements will be
posted throughout the course on the course web page at eConcordia and Moodle. It is the student’s
responsibility to be aware of them. All other notes or announcements on the course web page at eCo-
ncordia and Moodle are integral to the course and students are responsible for all information made
available in this manner.

Examinations and Course Evaluation

There will be two majors and final exams. The First Major Exam will concentrate on material
covered since the beginning of the course Chapters 1-6. The Second Major Exam will concentrate

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on material covered chapters 7 -10. The final exam will be comprehensive and will include all topics
covered in the course. The date of the Final exam is to be determined by the University’s Examina-
tions Office. The two majors and final exams will be held online at NEW GENERATION
WILEYPLUS Site.
The university regulations governing the writing of alternate examinations will be adhered to. Refer
to Undergraduate Calendar Sections 16.3.7 and 16.3.9.
There will be no make-up for missing any of two major exams. If you have a valid reason for miss-
ing any major exam, your grade for it shall be determined based on the final examination. The rules
customarily followed by the Faculty will govern absence from the final examination.
The final grade for the course will be based on the following components:

GRADED ASSESSMENTS

ASSESSMENT %

On-Line Weekly Assignments 10%

30%
First major exam on Sunday, October 24, Chapters 1- 6 at 2:00 – 5:00 PM

Second major exam on Sunday, November 28 25%

, Chapters 7- 10 at 2:00 – 5:00 PM

Final Examination (with 50% minimum requirement to pass the course) 35%

TOTAL 100%

Numerical Scores and Letter Grades

At the end of this course, the instructor will produce an overall score for the student’s performance
on the various components of this course, and then convert that score to a letter grade. The following
list provides the numerical equivalent of the letter grades that will be reported at the end of the term:
Score Lee
90 – 100 A+ 77 – 79.9 B+ 67 – 69.9 C+ 57 – 59.9 D+
85 – 89.9 A 73 – 76.9 B 63 – 66.9 C 53 – 56.9 D
80 – 84.9 A- 70 – 72.9 B- 60 – 62.9 C- 50 – 52.9 D-
< 50 FNS
Please refer to section 16.3 of the Undergraduate Calendar for more information about the grading
system, examinations, and performance requirements.
(http://registrar.concordia.ca/calendar/16/16.html#16.3)

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Assessment of Learning Objectives
The learning outcomes are assessed through homework weekly assignments, midterm exams, and fi-
nal examination.

Assessment Tool
Learning Weekly Assignments Examinations (midterm and final)
Outcomes
Demonstrate knowledge of
Use of algorithmic-
managerial accounting con-
type questions re-
cepts and rules, and the char- Theory-based multiple-choice exam
garding managerial
acteristics of managerial ac- questions
accounting concepts
counting information and its
and rules
limitations.
Apply the core managerial ac-
counting concepts of planning, Application-based
Application-based exam questions
control, and performance eval- case questions
uation.
Analyze business situations,
using managerial accounting
Application-based
techniques to solve problems Application-based exam questions
case questions
and make informed decisions
within an organization.
Demonstrate the use of ethical
behaviour when applying ma- Multiple-choice
Multiple-choice exam questions
nagerial accounting tech- exam questions
niques.

Academic Integrity
The most common offense under the Academic Code of Conduct is plagiarism, which the Code
defines as “the presentation of the work of another person as one’s own or without proper acknow-
ledgment.” This could be material copied word for word from books, journals, internet sites, pro-
fessor’s course notes, etc. It could be material that is paraphrased but closely resembles the original
source. It could be the work of a fellow student, for example, an answer on a quiz, data in or a lab re-
port, a paper or assignment completed by another student. It might be a paper purchased through one
of the many available sources. Plagiarism does not refer to words alone - it can also refer to copying
images, graphs, tables, and ideas. “Presentation” is not limited to written work. It also includes oral
presentations, computer assignments, and artistic works. Finally, if you translate the work of another
person into French or English and do not cite the source, this is also plagiarism.
In simple words:
Do not copy, paraphrase or translate anything from anywhere without saying where you obtained it!
(Source: http://provost.concordia.ca/academicintegrity/plagiarism/)

Content belonging to instructors shared in online courses, including, but not limited
to, online lectures, course notes, and video recordings of classes remain the
intellectual property of the faculty member. It may not be distributed, published or

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broadcast, in whole or in part, without the express permission of the faculty
member. Students are also forbidden to use their own means of recording any
elements of an online class or lecture without express permission of the instructor.
Any unauthorized sharing of course content may constitute a breach of the
Academic Code of Conduct and/or the Code of Rights and Responsibilities

Tutorial Sessions
Tutorial sessions will be available for all sections of COMM 305. A detailed schedule will be posted on Moo-
dle (“All Sections” folder) at the beginning of the term.

Please note that private tutoring companies, some of whom aggressively promote their services on and off
campus, are not authorized by Concordia University to distribute flyers on University premises and may not
use Concordia University facilities to promote or provide their services.
Concordia University and its academic departments do not have any affiliation with these companies even
though names such as JMSB, Concordia, or references to specific departments often appear in a visible way
on some flyers.

Support Services
Concordia University offers many on-campus support services that are available to students free of charge.
The web link http://www.concordia.ca/students/help4u.html is a useful facility that guides students to a spe-
cific support service that can provide appropriate assistance.

We look forward to working with each of you. If we may help you at anytime, please let us know.

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 Course Assignments

Recommended Exercises
MEETING CHAPT TOPIC (E), Problems (P) and Cases
(C)
ER
Managerial Accounting DO1-1, DO1-2, E1-3, 5, 6,
1 1
C1-11
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
What_is_Managerial_Accounting.html

2 2 Managerial Cost Concepts and Cost Behaviour Analysis E2-19, 27, 28, P2-46A,
59B, 60B, C2-64
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Managerial_Accounting_Today.html

Job-Order Cost Accounting E3-19, 25, 28, P3-31A,

3 3
https://education.wiley.com/content/shared/media/ 38A, 45B, C3-52
accounting/real_world_company/
Job_Order_Costing.html

4 Process Cost Accounting E4-22, 28, 32, P4-41A,

4
https://education.wiley.com/content/shared/media/ 45A, 46A, P4-49B
accounting/real_world_company/Process_Costing.html

5 Activity Based Costing DO5-14, E5-21, P5-37A,

5
45B, 47B, 51B, C5-52
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Activity_Based_Costing.html

6 Decision-Making: Cost-Volume-Profit DO6-16, E6-23, 31, 35, P6-

6
46A, 49A, 51A
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Cost_Volume_Profit_Calculations.html

https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Cost_Volume_Profit.html
 7 Incremental Analysis DO7-15, DO7-16, E7-30,
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P7-34A, 36A, 39A, 52B
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Incremental_Analysis.html

8 Alternative inventory Costing Methods: a Decision-Mak- DO8-12, 13, 14, 15, E8-16,
8
ing Perspective P8-29A, 30A

9 Pricing DO9-14, 15, E9-18, P9-

9
https://education.wiley.com/content/shared/media/ 30A, 39A, 60B, 64B
accounting/real_world_company/Pricing.html

10 Budgetary Planning DO10-12, E10-25, 27, 29,

10
https://education.wiley.com/content/shared/media/ P10-43A, 44A, 49B
accounting/real_world_company/
Budgetary_Planning.html

11 Budgetary Control and Responsibility Accounting DO11-16, E11-20, 31, 33,

11
34, 35, 48A
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Budgetary_Control_and_Responsibility_Accounting.html

12 12 DO12-14, 28, P12-40A,

Standard Costs and Balanced Scorecard*
41A, 45A, 48A, 54B
* Omit Appendix 12A
https://education.wiley.com/content/shared/media/
accounting/real_world_company/
Balanced_Scorecard.html

https://education.wiley.com/content/shared/media/
accounting/real_world_company/Standard_Costs.html

13 Review