St George’s UniversitySchool of Arts and Sciences

Department of Business

Course Code and Title: (ACCT 351) MANAGERIAL ACCOUNTING

Semester: Spring/ Fall

No. of Credits: Three (3)

Pre-requisite(s): Students must successfully complete SGU course ACCT 204 or its equivalent

Lecturer Name: Ronald A Peters

Lecture Contact information: Building C, 444 4175 xtn 3612, rapeters@sgu.edu

Lecturer’s office hours: Tuesday’s & Thursday’s 1.30 to 3.30 PM

Course DescriptionThis introduces students to the tools, concepts and techniques used by Accountants to provide information to managers within an organisation to enable them to better carry out their managerial tasks

Course GoalsTo give students an understanding of the concepts and techniques of managerial accounting and to show them how these are applied in actual companies. Introduce students to a number of the planning and control decisions that managers have to make and how managerial accounting provides information to help them make informed decisions. Expose students to decisions in all business sectors, non-profit and profit seeking, manufacturing, service and merchandising.

1

Course ObjectivesUpon successful completion of this course, students will:

Upon completion of this course students should be able to:

1. Distinguish between managerial accounting and financial accounting2. Discuss the role of managerial accounting within an organisation.3. Discuss the importance and challenges of ethics to the accountant within

an organisation4. Use various classifications to analyse costs within an organisation.5. Describe and illustrate absorption and variable costing methods and

prepare reports using these methods.6. Describe, illustrate and comment on the use of budgeting as an aid to planning.7. Identify relevant costs and appropriate techniques for decision-making and to use them in various decision-making situations.

Course Competencies1. Record transactions involving the acquisition and use of materials,

labour and overheads2. Calculate product costs3. Calculate profits using absorption and marginal costing techniques4. Prepare functional budgets and static master budgets5. Prepare flexible budgets6. Compute and interpret variances7. Prepare reports using relevant information to assist management in

making operating and marketing decisions.

Teaching MethodologyThe teaching method will be lectures based on the course textbook supported by tutorials, classroom discussions, classroom exercises and problems, homework assignments and individual learning from the reading assignments.

Course Assessment1. Participation in class discussions.2. Passes in both class quizzes.3. Successful completion of mid-term or final examinations.

Grades will be earned as follows:1. Class participation 10%2. In class quiz 30%3. Mid-term exam 30%

2

4. Final exam 30%

Grade % GPEA+ 4.00 ExcellentA 90-100 4.0 Very GoodB+ 85-89 3.5 GoodB 80-84 3.0 GoodC+ 75-79 2.5 AverageC 70-74 2.0 AverageD 65-69 1.0 PassF 00-64 0 FailIW

Course materials

Prescribed Text: “Introduction to Management Accounting” by Horngren, Sundem and Stratton 15th Edition, Prentice Hall.

Course RequirementsAttendance PolicyStudents are expected to attend at least 80 percent of lectures to get full marks for participation.

Plagiarism PolicyPapers and presentations are expected to be your original work, with appropriate credit given to the sources used as references. Sources should be documented using the APA Style Manual.Plagiarism and other instances of academic dishonesty will result in failing the course along with possible disciplinary action by the Dean of Students’ Office.

Preparation for classStudents must read the topic and attempt the assignments for class discussion before the class.

Class Participation Your participation grade will be based on the quality of the participation. Past experience tells us that the assigned reading assists students in the quality of their class participation. Participation includes students asking and answering questions during class

Assignment Submission policy

3

In class assignments are to be attempted by the students before class in which the topic will be covered.

Classroom etiquetteBefore entering the class, students are required to turn off or put on silent all cell phones, beepers and any other form of technologies that could disrupt class.

Every student is entitled to full participation in class without interruption. Disruption of class by inconsiderate behavior is not acceptable. Students are expected to treat the instructor and other students with dignity and respect, especially in cases where differences of opinion arise. Students who engage in disruptive behavior are subject to disciplinary action by the Dean of Students, as per the Student Manual.

Eating and drinking are not allowed during lectures

Students with Disabilities and Special ChallengesA student who has a disability or a special challenge that requires some modification of the seating or other class requirements must contact the course director so that appropriate arrangements can be made.

DisclaimerIt is your responsibility to read and understand the polices, laws, rules and procedures that while they could affect your grade for course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.

4

Course Outline

COURSE PROGRAMME

5

Week Topic Assignments to be prepared for class

1 IntroductionCourse design & AdministrationManagerial Accounting, the business Organization, and Professional ethics

Chapter 1 1-A3, 1-B1 & 1-B2, 1-B3Exercise 1-29, 1-32, 1-34,Problem 1-48

2Introduction to Cost Behaviour & Cost volume relationships

Chapter 22-A2, 2-A3, 2B2Exercise 2-28, 2-31, 2-32, 2-38Problem 2-46, 2-50

3 Introduction to Cost Behaviour & Cost volume relationships

4Measurement of Cost behaviour

Chapter 33-A1, 3-A3Exercise 3-32, 3-39, 3-41Problem 3-48

5 Measurement of Cost behaviourIn Class Quiz 1

6 Cost Management Systems(Page 140 to top of page 152

Chapter 4Exercise 4-36,4-38, 4-39Problems 4-51, 4-52,

7Relevant Information & Decision making: Pricing Decisions

Chapter 55-A1Exercise 5-31, 5-32, 5-33, 5-40 & 5-43Problem 5-56(Parts1,2,3)

8 MID TERM EXAM9 Relevant Information &

Decision making: Operational Decisions

Chapter 6Exercise 6-32, 6-33, 6-36, 6-37Problem 6-47

10 Relevant Information & Decision making: Operational Decisions

11 Introduction to Budgeting & Preparing the Master Budget

Chapter 7Exercise 7-30, 7-31, 7-33, 7-35Problem 7-36

12 Introduction to Budgeting & Preparing the Master BudgetIn class quiz 2

13 Flexible Budgets & Variance Analysis

Chapter 88-B2

6

Exercise 8-26, 8-30, 8-32

14 Flexible Budgets & Variance Analysis

15 Accounting for overhead costs

Chapter 13Exercise 13-45Problem 13-58, 13-59

16 Final Exams

COURSE AND INSTRUCTOR CRITIQUE PROGRAM(Extracted from the Student Manual)

COURSE AND INSTRUCTOR CRITIQUES: Students are expected to attend all classes and other related academic activities as defined for each course by the Course Director. One such academic activity is participation in the St. George’s University (SGU) Course and Instructor Critique program.

STUDENT PARTICIPATION IN THE EVALUATION PROCESS IS MANDATORY:When requested, students in a course are expected to complete all required faculty and course evaluations. Failure to complete all required course and instructor critiques will mean that the student has not fulfilled all course requirements. Students are notified by the Critiques Coordinator when an evaluation period has begun and send periodic reminders to ensure that critiques are submitted within the allotted time frame.

THE IMPORTANCE OF EVALUATION: Evaluation is a necessary component of any course. Just as students anticipate a fair and accurate evaluation of their performance and achievement in a course, SGU requires that faculty and course evaluations be completed each term. Continual evaluation and assessment of faculty ensures that the instructional program not only remains consistent, but also improves as students’ needs and expectations are considered.

FEEDBACK: At the beginning of each term, Course Directors will address the class and summarize the results of the Course and Instructor Critiques from the previous semester. In this summary, Course Directors will report areas that students rated highly and the areas that received the lowest ratings. For areas receiving low ratings, the Course Director should detail what changes were made to address students’ concerns, thus ensuring that course evaluation influences course design and delivery.

NOTE:

7

Please be assured that the information you provide will remain strictly confidential because your identification and your responses will always be separated. If you have any questions about the Course and Instructor Critique System, please contact Leisha Griffith-Mark (lgriffithmark@sgu.edu /ext. 2159) or Tonya K. Duncan (toduncan@sgu.edu / ext. 2591) at the Office of Institutional Advancement (OIA)

8