2014/2015, Semester 2
School of Business (Accounting)
Modular Credits: 2
The course is to equip students as managers on the use of accounting information internally in managing an organisation. Students will gain an understanding of the information needed by managers in planning, control and decision-making. The course will cover topics such as cost concepts and cost behaviour, costing systems, budgeting, performance analysis, and relevant costs in decision-making.
AIMS AND OBJECTIVES
The course will equip the students with the understanding of managerial accounting concepts, methods and uses. The primary objectives of the course are to:
- Help students develop a good understanding of the accounting concepts and mechanisms underlying managerial accounting information so that they can utilize the information for planning, controlling and decision-making purposes in business.
- Train students in managerial accounting tools and techniques so that they can analyse and evaluate company’s performance.
- Provide students with a broad range of real corporate examples with realistic business and managerial accounting practices.
Managerial Accounting for Managers, Noreen E, P Brewer and R Garrison, 3rd Edition, by McGraw Hill
Bundled with Connect Access Card
. Students need to purchase the Bundled set as the Connect Access Card is necessary to access the online tutorial assignments.
Supplementary Readings will be handed out during classes or posted to IVLE.
Course materials (lecture notes, cases, additional readings, etc) will be posted periodically on IVLE.
The module is set up in IVLE. You need to access the IVLE at least weekly before the lecture to download the lecture materials and look out for announcements.
Class sessions will consist of lecture presentations combined with student presentations and discussion.
Punctuality, courtesy & absenteeism:
. Students whom are absent without valid reasons will be taken note of and participation marks would be deducted. Please switch your mobile to silent mode during the class.
For lecture, major points of a topic are covered. Lecture notes will be uploaded to IVLE before the start of class each week. Students are advised to quick read the lecture notes and the chapters of the recommended textbook (refer to the lecture plan below) before class each week. Additional readings assigned as and when would also be uploaded to IVLE before each lecture.
LT17 for first lecture only
. Lecture 2 onwards as per normal.
Noreen Ch 2
Noreen Ch 3
Overview of Job Order, Absorption and Variable Costing and Activity-Based Costing
Noreen Ch 4, Ch 5 (p162-166) and Ch 6
Noreen Ch 9
Noreen Ch 10
Noreen Ch 11
Noreen Ch 7
Course Wrap up
Final Quiz (630-730pm). Please be seated by 620pm.
23/4 (Thu) 12 noon
Final Term Paper
*- For supplementary readings for the lecture, please download from IVLE.
CLASS PARTICIPATION (10%)
Please participate during the case discussions and lessons actively. Marks will be given for class participations. Please participate by asking questions, answering questions posed by lecturer and fellow students, offering opinions, relating material taught to your working experiences, commenting on presented solutions to assignments.
INDIVIDUAL TUTORIAL VIA ONLINE CONNECT PLATFORM (20%)
The purpose of the tutorial assignment is to help you to practice the accounting concepts and mechanisms, and apply them to the questions. This is
part of the learning. All students are expected to complete the tutorial questions
before the due date
The tutorials will be administered using
Connect Online platform
using the Connect Access Card where you can access the tutorial questions and key in your solutions. There will be auto-marking by the system and the lecturer concurrently. Please complete the tutorial questions before the lecture timing. Late submission will not be considered for grading and zero mark will be granted.
You can discuss the tutorial questions in your group. However, all submission of the assignment is on an individual basis via Connect. Each student is required to submit the tutorial.
GROUP CASE PRESENTATION (20%)
A group will be assigned to present the solutions of the group cases, while the other students are expected to contribute to the discussion of the answers. Due to time constraint, sometimes not all the questions can be discussed during the class, by which, the suggested solutions will be uploaded by the instructor for self-checking. The grading will be based on the solutions submitted and the presentation. The presentation slides should be uploaded to the student’s workbin before the due date
by 10 am.
Please submit by the deadline stated. Grading will be based on
clarity, conciseness and correctness
of your analysis. Details on the cases will be provided later.
The rest of the class is expected to prepare the assignment and participate actively in the discussion of the cases. Participation marks would be given.
MCQ QUIZ (20%)
The MCQ is open-book, open-notes. Selected topics would be subjected to assessment. Quiz would cover topics from Lecture 1 to 2 only. Absenteeism is not allowed and zero mark will be granted.
INDIVIDUAL PAPER (30%)
The paper requires the students to use critical thinking skill, business and management accounting knowledge to solve the business problems and explain their decisions. Please submit by the deadline stated in the class schedule. Grading will be based on
clarity, conciseness and robustness
of your analysis and critique. Details on the paper has been uploaded to IVLE. Late submission will not be considered for grading and zero mark will be granted.
Your final grade will be determined on the following basis:
Group Case Presentation
Individual Term Paper
Students who have limited work exposure to managerial accounting or business finance background are likely to find it challenging at the beginning. This is because this will be a new language with its own unique terminology, concepts and rules, hence time and efforts are needed to familiarize with them. Do not give up.
Work hard and hope you will have an enjoyable learning experience equipping you with the knowledge to the accounting world.
Workload Components : A-B-C-D-E
A: no. of lecture hours per week
B: no. of tutorial hours per week
C: no. of lab hours per week
D: no. of hours for projects, assignments, fieldwork etc per week
E: no. of hours for preparatory work by a student per week
Instructor: Adjunct Associate Professor Deon Chan
Office: BIZ2 #02-15
Consultation Hours: By 3 working days’ advance appointment