BUSS 244: Management Accounting

Course Outline, Spring 2024

PROFESSOR: Soongsoo (Sam) Han

CLASS: LP108, 10:30 – 11:45 am on Mondays & Wednesdays

OFFICE: LG-POSCO BLDG #315
PHONE: 02-3290-2839
E-Mail: [email protected]

T.A.: Yoo Yeon Ahn

E-Mail: [email protected]

OFFICE HOURS

PROFESSOR: By appointment only

T.A.: By appointment only

INTRODUCTION

This course introduces cost and management accounting topics to enable students to understand
how accounting information is used to manage an organization.

The course focuses on the factors that differentiate one company from another. For example,
“What makes one company more profitable and/or better managed than another?” The course will
look at various functional areas within the firm, ranging from manufacturing to marketing, and from
accounting to human relations. In addition, the concept of management, how senior managers plan,
implement and control those plans through people will be briefly discussed.

The course will enhance students’ personal skills in preparation for more advanced courses at the
university in the following ways: working in groups, analyzing cases, writing reports, and making
presentations.

LEARNING OBJECTIVES:

On completion of this course, students are expected to:

• Understand cost concepts and their uses

• Prepare costing statements using absorption and variable costing systems
• Able to use ABC (Activity Based Costing) in product costing and decision making
• Ascertain and account for the costs of labor, materials, and overheads
• Prepare product costs data using job and process costing techniques

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 • Prepare budgets and set standard costs, calculate and interpret material, labor, and
overhead variances
• Understand the use of budgetary control and standard costing
• Understand the behavioral impact of accounting
• Perform simple short-term and long-term decision-making exercises
• Use performance measures in evaluating managers and the firm

ASSESSMENT & EVALUATION

Class Preparation & Participation – 10%

2 Quizzes (Weeks 4 & 12) – 30% (15% each)
Mid-term Exam (Week 8) – 20%
Final Examination (Week 16) – 40%
TOTAL 100%

Class Preparation & Participation

Students are strongly encouraged to actively participate in class discussions/group presentations.

Students will be graded on an individual basis according to their contribution to the class through
homework submissions and class discussions. Instructor may check students’ class attendances and
preparations from time to time. Homework assignments are to be submitted only through
Blackboard class website. If you cannot submit your homework via Blackboard due to reasons
beyond your control, email it to my TA before the due date.

Quizzes (on-line via Blackboard)

There will be 2 quizzes covering all the topics that are covered up to the class in the previous week.
The tests will be conducted in class on the 4th and 12th weeks at the start of the class. Further details
of the quizzes will be announced during the course. If you miss a quiz due to reasons beyond your
control, bring necessary documents to prove it to your instructor. Then your grade for that test will
be adjusted by increasing the weight to your next quiz or exam.

Mid-term and Final Examination

There will be the mid-term and final examination in class on 8th and 16th weeks. The mid-term and
the final examination will be 75 minutes and 120 minutes, respectively, and they may consist of
multiple-choice questions, fill-blank questions, and problem questions. If you miss the final
examination, you cannot complete the course and take the whole course all over again in the future.
Be sure to bring a calculator to the examinations.

In accounting quizzes and exams, students often compete not only in how well you understand the
materials but also in how quickly you can recall and use the materials in solving problems. After
reading chapter readings, students are strongly encouraged to gauge their level of understanding
by solving assigned homework or exercise questions available on Blackboard.

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ACADEMIC INTEGRITY

Ethics and values are very important in the world of business, government and not-for-profit
organizations. You will be examining ethical issues throughout this course. Ethics are vital to the
process of education as well. Your instructors will assume, unless there is evidence to the contrary,
that you are fulfilling your ethical responsibilities. These are listed below:

Homework assignments

All work is to be performed exclusively by yourself. If outside research is used, sources are to be
cited and information discovered via outside research is to be clearly labeled as such. The product
of your research is not to be shared with any students.

Examinations and tests

All examinations and tests must be the exclusive works of the individual student that are completed
during the exam or test period. Allowing another student to obtain course credit by deceit
contributes to a general lowering of the ethical standards of the University and to the deception of
potential employers and other academic institutions. Thus, you have an obligation to inform the
course instructor if you know another student is violating the University's standards of academic
conduct.

Penalty for academic integrity violations:

University recommended sanctions for academic integrity violations will be imposed. The penalty
for cheating in an assignment is a grade of “F” for the course and in the case of cheating in an
examination; the penalty may be expulsion from the university. All academic integrity violations
will be reported to the appropriate University officials.

CLASSES

Class Session: 1 hour and 15 minutes per session

The course will be conducted in SEMINAR/LECTURE sessions that will last for one hour and 15
minutes. You are expected to join these sessions well-prepared, be ready to respond to questions
as required. This means doing the required readings and homework assignments before each
session.

Given time limits, individual seminars/lectures may not necessarily cover all of your readings and
assignments. However, the materials from the seminars, readings, and assignments may be
included in the tests and examinations.

REQUIRED TEXT

Garrison, Noreen, and Brewer, Managerial Accounting, 17th Edition, McGraw-Hill, 2021.

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 WEEKLY READINGS AND HOMEWORK ASSIGNMENTS - 2023 FALL SEMESTER

WEEK TOPIC DUE DATE

Prologue: Managerial Accounting: An Overview
1
Ch 1: Managerial Accounting and Cost Concepts
2 Ch 1: Managerial Accounting and Cost Concepts
HW1 TBA
3 Ch 5: Cost-Volume-Profit Relationships
HW2 TBA
4 QUIZ 1 (60 Min.): March 25 (Monday)
Ch 2: Job-Order Costing: Calculating Unit Product Costs
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Ch 3: Job-Order Costing: Cost Flows and External Reporting
HW3 TBA
6 Ch 4: Process Costing
HW4 TBA
Ch 6: Variable Costing and Segment Reporting: Tools for
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Management
HW5 TBA
8 MID-TERM EXAM (75 Min.): April 22 (Monday)

9 Ch 7: Activity-Based Costing: A Tool to Aid Decision Making

HW6 TBA
10 Ch 8: Master Budgeting
HW7 TBA
11 Ch 9: Flexible Budgets and Performance Analysis

12 Ch 10: Standard Costs and Variances

HW8 TBA
13 QUIZ 2 (60 Min.): May 27 (Monday)

14 Ch 11: Responsibility Accounting Systems

15 Ch 13: Differential Analysis: The Key to Decision Making

HW9 TBA
16 FINAL EXAM (120 Min.): June 15 (Saturday)