...Management 3131-Fall 2009 Management Control Systems Instructor: E-Mail: Office: Phone: Class Time: Office Hours: Jim Hayes, CMA, MBA, BComm jhayes@nait.ca T-400 NAIT Campus(Business Center) 471-7419 6:00-8:50 PM Thursday 4:00-6:00 Thursday-UOL Edmonton Campus By Appointment Course Texts Cost Accounting: A Managerial Emphasis, Charles T. Horngren, George Foster, Sirkant M. Datar & Howard D. Teall, Fourth Canadian Edition, Prentice Hall. OR Cost Accounting: A Managerial Emphasis, Charles T. Horngren, George Foster, Sirkant M. Datar & Howard D. Teall, Fifth Canadian Edition, Prentice Hall. AND Management Control Systems, Robert N. Anthony & Vijay Govindarajan, Twelfth Edition, McGraw-Hill Irwin. Course Description Management 3131 is the second half of a two-semester course in intermediate management accounting. Management accounting is generally divided into two major components-cost accounting and management accounting and control. Management 3130 deals with cost accounting and this course, Management 3131 deals with management accounting and control. Management control is the process by which managers influence other members of the organization to implement the organization’s strategies. As such, it deals with people and behaviour and is often referred to as behavioural accounting. The course shall consist of two types of learning situations. We will use cases from the Anthony and Govindarajan text to develop critical thinking skills, analytical skills, as well as oral and written...
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...Ch 4: "Job Costing" A. Ch 4 Learning Objective 1: Describe the building-block concepts of costing systems. 1. LO 4-1 overview: The building-block concepts of a costing system are cost object, direct costs of a cost object, indirect costs of a cost object, cost pool, and cost allocation base. Costing systems should report cost numbers that reflect the way chosen cost objects, such as products or services, use the resources of the organization. 2. Study pages 98-100. 3. LO 4-1 lecture slides. Note: Look for the image of your instructor within the slides. Clicking on his smiling face will start a short lecture. 4. Q1: Define cost pool, cost tracing, cost allocation, and cost allocation base. Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 5. A ___ is a grouping of individual indirect cost items. a. cost allocation base b. cost assignment c. cost pool d. job-costing system The correct answer is "c," cost pool. | 6. Q5: Give examples of two cost objects in companies using job costing. Major cost objects that managers focus on in companies...
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...OPERATING STATEMENT ACCOUNTS; BUDGETARY ACCOUNTING OUTLINE |Number |Topic |Type/Task |Status | | | | |(re: 15/e) | |Questions: | | | | |3-1 |Distinguishing characteristics of fund-based and government-wide |Identify and describe |New | | |financial statements | | | |3-2 |Distinguishing direct and indirect expenses |Define and describe |New | |3-3 |Statement of activities format |Describe |3-2 revised | |3-4 |Program and general revenue |Distinguish |Same | |3-5 |Extraordinary compared with special items |Define and compare |3-5 expanded | |3-6 |Expenditure classifications—examples...
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...MBA Accounting for Managers Fall 2015 Course Syllabus Faculty Jasmine Hsu Faculty Contact Details jhsu@jgu.edu.in Class Time and Venue as per the programme time table Course Description The goal of this course is to help you understand the role and application of accounting information in business and learn how managers can use external and internal accounting information for decision-making. This course aims to provide an overview of key principles and concepts in financial accounting and managerial accounting. Specific topics include: components of financial statements; financial statements analysis; product costing; costvolume-profit analysis; and budgeting. Course Objectives After completion of the course, you should be able to: Understand the roles of financial accounting (external) and managerial accounting (internal) Analyze financial reports, specifically the balance sheet, statement of profit and loss and statement of cash flow. Identify and apply key financial ratios to financial statement analysis. Identify and apply basic elements of cost concepts, product costing and cost-volumeprofit (CVP) analysis to management decision-making process. Understand key considerations during the budgeting process and budgetary control. Course Materials Narayanswami (2014): “Financial Accounting: A Managerial Perspective”, Prentice-Hall Pvt Ltd., 5th edition, New Delhi (FA) Jiambalvo (2013):” Managerial Accounting”, Wiley India, 5th...
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...1 BUSI 1005 Management Accounting for Business Students Winter 2012 _______________________________Section________________________ D E F G H Instructor Time Day From To Raili Pollanen W/F 10:05 11:25 AT 101 Raili Pollanen DT 820 520-2600 x 2376 raili_pollanen@ carleton.ca TBA Garth Sheriff M/W 13:05 14:25 TB 340 Hilary Becker M/W 16:05 17:25 TB 342 Garth Sheriff DT 801 520-2600 x 2030 garth_sheriff@ carleton.ca TBA Garth Sheriff M/W 10:05 11:25 TB 340 Hilary Becker W/F 10:05 11:25 TB 208 Hilary Becker DT 828 520-2600 x 3717 hilary_becker@ carleton.ca TBA Location Instructor Office Telephone E-mail Office Hrs Course description & objectives This course examines how accounting information is used within organizations to plan, monitor and control. Managers in all functional areas, whether they like it or not, will have to deal with the management accounting system of the organization they work for. Better the devil that you know than the devil you don’t know. The purpose of this course is therefore to ensure you have a basic understanding of how such systems operate, the language it uses, and its limitations. Prerequisite BUSI 1004, with a grade of D- or better. Restricted to students registered in the Bachelor of Commerce or BIB programs. The School of Business enforces all prerequisites. This course is a prerequisite to: 1. BUSI 2001 (with a grade of C or higher) 2. BUSI 2504 (with a grade of D- or higher) 3. BUSI 2505 (with a grade of C or higher) 4. BUSI 3008 (with...
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...Ethical and Professional Standards The candidate should be able to demonstrate a thorough knowledge of the CFA Institute Code of Ethics and Standards of Professional Conduct, familiarity with the Global Investment Performance Standards, and familiarity with corporate governance issues and risks affecting companies. Study Session 1 Ethical and Professional Standards Reading Assignments 1.* “Code of Ethics and Standards of Professional Conduct” Standards of Practice Handbook, 9th edition (CFA Institute, 2005) * 2. “Guidance” for Standards I – VII, Standards of Practice Handbook, 9th edition (CFA Institute, 2005) * 3. Introduction to the Global Investment Performance Standards (GIPS®) Global Investment Performance Standards (GIPS®), pp. i–iii and 1–9, (CFA Institute, 4.* 2005) A. Preface: Background of the GIPS Standards B. I. Introduction C. II.0. Provisions of the Global Investment Performance Standards – Fundamentals of Compliance * 5. The Corporate Governance of Listed Companies: A Manual for Investors (CFA Institute, 2005) Learning Outcomes 1. “Code of Ethics and Standards of Professional Conduct” The Code of Ethics establishes the framework for ethical decision making in the investment profession. The candidate should be able to state the six components of the Code of Ethics. The Standards of Professional Conduct are organized into seven standards: I. Professionalism II. Integrity of Capital Markets III. Duties to Clients and Prospective...
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...University of Minnesota Carlson School of Management Spring 2014 ACCT 2050 - Introduction to Financial Accounting Professor Yu Gao CSOM 3-283 Tel: 612-624-1075 Email: gaoxx112@umn.edu Class: Section 003: Tuesday, Thursday: 11:50 am-01:30 pm, CSOM L-114 Section 006: Tuesday, Thursday: 03:45 pm-05:25 pm, CSOM L-110 Office Hour: Tuesday, Thursday: 3:00 pm – 3:40 pm, CSOM 3-283 or by appointment COURSE DESCRIPTION The course provides an introduction to the financial accounting and reporting process from the perspective of external decision makers. The course focuses on fundamental accounting concepts and principles. Students will learn how the economic transactions of an enterprise are reported in the financial statements and related disclosures. The goals of the course are to provide students with a basic set of skills that can be used to compile and analyze financial statements and to prepare students for more advanced financial statement analysis courses. COURSE MATERIALS |Text Book |Financial Accounting 7th edition; Robert Libby, Patricia Libby and Robert Short; McGraw-Hill Irwin;| |(Required) |2010. | | |Connect Access Code | I do not recommend old editions of this book, but you make the final decision. You are required...
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...JOHNS HOPKINS UNIVERSITY CENTER FOR LEADERSHIP EDUCATION THE WILLIAM P. CAREY PROGRAM IN ENTREPRENEURSHIP AND MANAGEMENT 660.203.02 – Financial Accounting Spring 2009 Tuesdays 6:15 – 9:00 Shaffer 2 Instructor: Lynn Kingsley, CPA, MS Rm. 104, Whitehead Hall e-mail:lynnkingsley@comcast.net Office Hours: 5:15 – 6:00 Tuesdays, or by appointment Teaching Asst: Shane Betman e-mail: sbetman@jhu.edu cell: 732-757-5927 Office Hours: 1:00 – 2:00 Thursdays Course Description: In this course we will study how accountants analyze and report business transactions using financial accounting. No prior accounting knowledge or skill is required for successful completion of this course. Required Text: Libby, Robert, Libby, Patricia A. and Short, Daniel G., Financial Accounting, 6th Edition, 2009, McGraw-Hill Companies, Inc,. New York, NY. Companion website: www.mhhe.com/libby6e Course Objectives: Upon completion of this course, the participant will be able to: * Understand basic financial accounting terms and concepts * Understand, prepare, and analyze basic financial statements * Identify and properly treat basic accounting transactions * Analyze and communicate basic accounting data * Use basic accounting data to make effective financial decisions Class Communications This class will utilize WebCT which can be accessed at www.webct.jhu.edu using your JHED user id and password. All handouts and communications...
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...COURSE OUTLINE Fall 2014 COURSE: Acct 111 Financial Accounting I SECTION: SD01 & SD02 CREDIT VALUE: 3 PREREQUISITE: None CLASS Sept 2, 2014 – December 12, 2014 SCHEDULE SD02 – 9:30 – 11 am SD01 – 12:30 – 2 pm Wednesday & Friday LOCATION: SD 02 Rm 6-226 CCC SD 01 Rm 6-344 CCC INSTRUCTOR: Darlene Lowe, CMA, MBA CONTACT Use the email function through blackboard learn. OFFICE: 5-225 H OFFICE HOURS: SD02: 11:00 – 11:30 am Wednesday/Friday and by appointment SD01: 2:00 – 2:30 pm Wednesday/Friday and by appointment TEXT: Accounting Principles Volume 1, Sixth Canadian Edition by Weygandt, Kieso, Kimmel, Trenholm, Kinnear andBarlow. John Wiley & Sons Canada, Ltd. 2013 ACCOUNTING STUDENTS – purchase volumes 1 & 2 that are packaged together, ISBN 9781119005414. You require both books for ACCT 111 and ACCT 161 and this will save you considerable money. BUSINESS MANAGEMENT, INSURANCE, GOLF & HUMAN RESOURCES STUDENTS – only purchase volume 1, the stand alone book ISBN 9781119009290. You are only required to take one financial accounting course so only one textbook is needed. Note that this course uses Wiley Plus, which is an online tool where you prepare online assignments. I will send you an email with the correct URL to register in. ...
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...Accounting Information Systems CHAPTER 6 CONTROL AND ACCOUNTING INFORMATION SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 6.1 a. The "internal environment" refers to the tone or culture of a company and helps determine how risk consciousness employees are. It is the foundation for all other ERM components, providing discipline and structure. It is essentially the same thing as the control environment in the internal control framework. The internal environment also refers to management's attitude toward internal control, and how that attitude is reflected in the organization's control policies and procedures. At Springer's, several deficiencies in the control environment are apparent 1. Management authority is concentrated in three family members, so there are few, if any, checks and balances on their behavior. In addition, several other relatives and friends of the family are on the payroll. Since the company has a "near monopoly" on the business in the Bozeman area, there are few competitive constraints that might otherwise restrain prices, wages, and other business practices. Lines of authority and responsibility are loosely defined within the company, which would make it difficult to identify who might be responsible for any particular problem or decision. Management may have engaged in "creative accounting" to make its financial performance look better, which suggests a management philosophy that could encourage unethical behavior among employees. 2. 3. 4...
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...CHAPTER 1: INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIES OUTLINE |Number |Topic |Type/Task |Status | | | | |(re: 15/e) | |Questions: | | | | |1-1 |Unique characteristics of governments and NFPs that create demand for |Identify/Explain |New | | |accountability | | | |1-2 |Distinguishing between general purpose and special purpose governments|Identify |New | |1-3 |Standards-setting bodies |Contrast |Same | |1-4 |Determining which standard-setting body sets standards for a |Identify/Explain |New | | |nongovernmental NFP | | ...
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...| | |1. |Question: |(TCO A) Which of the following results in an increase in the investment account when applying the equity method? | | |Your Answer: | | | | |[pic] | | | | Unrealized gain on inter-company inventory transfers for the prior year | | | | ( ch 1,...
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...|[pic] |Course Syllabus | | |Axia College/College of Natural Science | | |HCA/270 Version 3 | | |Finance for the Health Care Professional | Copyright © 2011, 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course is designed as an introduction to the terminology, processes, functions, and financial reports commonly encountered in health care operations. This course introduces the concepts of basic managerial financial functions, such as budgeting, reimbursement methods, and the responsibilities of health care financial management. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies...
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...SYLLABUS: Intermediate Accounting I- ACCT 301A (11636) FALL 2015 Department of Accounting Mihaylo College of Business and Economics California State University – Fullerton PART I: COURSE INFORMATION |Class time and location |: |MW 11:30AM-12.45PM, SGMH 2201 | |Instructor |: |Kristin Y. Li | |Office |: |SGMH 4385 | |Phone |: |657-278-3938 | |Email |: |krli@fullerton.edu | |Office Hours |: |T 1:00-4:00PM (Subject to Change) | | | | | REQUIRED TEXT AND MATERIALS Kieso, D. E., J. J. Weygandt and T. D. Warfield, 2014 FASB Update Intermediate Accounting, 15th edition, John Wiley and Sons, 2014. We will use WileyPLUS (www.wileyplus.com) for homework; WileyPLUS is required. If you purchase...
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... | | |Accounting | Copyright © 2011, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course applies accounting tools to make management decisions. Students learn to evaluate organizational performance from accounting information. Other topics include financial statements, cost behavior, cost allocation, budgets, and control systems. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Abrams, R. (2003). The successful business plan: Secrets & strategies (4th ed.). Palo Alto, CA: The Planning Shop. Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2009). Accounting: Tools for business decision making (3rd ed.). Hoboken, NJ: John Wiley & Sons. All electronic...
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