Course Syllabus Winter 2021 Dr.

Mohamed Shehata

Accounting and Financial Management Services

Commerce 2AB3 – Managerial Accounting I

Course Outline - Winter 2021

Prerequisite: Commerce 1AA3 – Introduction to Financial Accounting

Instructor: Mohamed Shehata

Email: [email protected]

Live Lectures: LEC C01 (Mondays, 7:00pm – 10:00pm)

LEC C02 (Tuesdays, 7:00pm – 10:00pm)
LEC C03 (Wednesdays, 7:00pm – 10:00pm)
LEC C04 (Thursdays, 7:00pm – 10:00pm)

Virtual Classroom:

This class will be conducted in a virtual-classroom environment using leveraging synchronous and
asynchronous technologies and resources. We will be using ZOOM as the default delivery platform.

Textbook
Weygandt, Kimmel, Kieso, and Aly, “Managerial Accounting: Tools for Business Decision-Making”, 5th
Canadian Edition, 2018, Wiley.
Two options are available in the bookstore:
Option 1: Loose leaf + WileyPLUS (includes online E-Text); ISBN 9781119553328, $99.95
Option 2: E-Text + WileyPLUS; ISBN 9781119553335; $71.95
The bookstore link to the textbook is below:
https://campusstore.mcmaster.ca/cgi-
mcm/ws/txsub.pl?wsTERMG1=211&wsDEPTG1=COMMERCE&wsCOURSEG1=2AB3&wsSECTIO
NG1=DAY%20C05&crit_cnt=1

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

Teaching Support Team

Coordinator: Karim Karim Email: [email protected]
Role: Karim will handle all the administrative and logistics of the course, such as
managing tests, exams, tutorials, students’ grades, MSAF’s for missed
components, SAS accommodations and text publisher coordination.

Co-Host TA: Jade Ta Email: [email protected]

Co-Host TA: Nissa Poonawalla Email: [email protected]

Role: During the live lectures, Co-Host TA will manage the Zoom chat window and
launch participation questions on Top Hat.

Teaching Assistants: Each student will be assigned a TA. Go to Avenue/Assessment/Grades to

view your assigned TA. You may email your questions to your assigned TA at
any time. The TA will either respond via email and/or set up a virtual one-on-
one meeting to provide the required support.

COURSE DESCRIPTION:
This course examines managerial decision-making as it relates to both the internal organization of a firm’s
activities and the firm’s relationship with its external environment. The focus will be on how the managers
can use accounting data and related information in decision-making, planning and control. However, a
good portion of class discussions will focus on the economic basis for managerial accounting techniques
and limitations involved in their use.

This course is concerned with the analysis of and accounting for costs, inventory valuation, managerial
planning, and control. The nature and behaviour of costs as well as the usefulness and limitations of
accounting data for these purposes will be studied. Managerial accounting, while providing some data
for financial statements prepared for external users, has as its primary purpose the development and
presentation of information useful to management both for planning and for the control of costs.

This course in managerial accounting will include basic materials on terminology and ideas, activity-
based costing, product costing systems, allocation of joint and common costs, direct costing versus
absorption costing, cost-volume-profits relationships, relevant costing, pricing, budgeting, standard
costing, and variance analysis. Responsibility accounting and performance management will also be
introduced.
This orientation will help all students (whether or not you are aiming for an accounting (a.k.a finance on
the street) career), understand what accounting can do for decision makers, and via that why accounting
exists, why and how it works the way it does, and why and when there are controversies over managerial
accounting techniques.

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

COURSE OBJECTIVE
The objective of this course is to develop the students’ analytical abilities to deal with problems relating
to managerial decision making within the firm. There are five overall goals for the course, each of which
is covered in the following sequence and will be detailed in the course content:

HW Due Exams
Topic Chapter
Date* Breakdown**
I. Overview of Managerial Accounting 1 5%
II. Foundation of Managerial Accounting: HW 1
Feb. 1st
• The Basics of Cost Concepts 2 25%
• Inventory Valuation Methods (Absorption vs
8 10%
Variable)
III. Using Accounting Information in Decision Making: HW 2
• Cost Volume Profit (CVP) Analysis 6 Feb. 22nd 30%
• Incremental Analysis for Decision Making 7 30%

Midterm Examination 100%

IV. Designing and Implementing Cost Systems:
• Job Order Costing System 3 HW 3 20%
• Activity-Based-Costing (ABC) System 5 Mar 8th 20%
• Process Costing System 4 20%
V. Budgetary Control & Performance Evaluation: HW 4
10, 11 & Apr 5th
• Budgetary Control & Performance Evaluation 40%
12
Final Examination 100%
* The system will open for each of the HW assignments at least two weeks before due dates.
** breakdown of the Midterm & Final Examinations is approximate and subject to changes.

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

GRADING:
Grading will be established based on the following components:

Homework Assignments: (four assignments, each is worth 5%) 20%(a)

Mid-term Examination: (Saturday February 27th, 6:00 pm - 8:30 pm) 35%(b)
Final Exam 45%(b)
Total 100%
Participation Bonus Marks +5%(c)

(a) Homework Assignments:

The homework assignments are hosted by the WileyPLUS platform. WileyPLUS is accessible through
Avenue, but you will require a registration code (available for purchase through the bookstore with the
options listed above). It is highly recommended to set up your WileyPLUS access well in advance of
attempting your first assignment in case of any technical issues.

Homework Assignments will be released at least two weeks prior to the due date which are posted in the
table above. Students will have unlimited time to complete and must be submitted by the due date. The
Homework Assignments must be completed only by the student individually. Receiving direct answers
on the assignment questions from any person or other source constitutes a breach of McMaster Academic
Integrity Policy. Homework Assignment problems also offer helpful links that direct students to the
appropriate e-text material to help guide the students. Suggested End of Chapter Practice Problems and
solutions are also available through WileyPLUS.

If an MSAF is applied to a Homework Assignment, then the 5% weight of that Assignment will be moved
to the Final Exam.

(b) Midterm and Final Exams:

• The exams will be in the form of T/F, MC, and Fill-in-the-Blank.
• The final exam is NOT cumulative. It will cover only the new materials since the midterm.
• There will be no makeup for missing the midterm exam. If a student files a successful MSAF
through the Faculty office for missing the midterm, the final exam for this student will be
comprehensive and the weight of the final exam will be 80%.
• The exams will be closed book and closed notes. However, you can have a one-page, one-side
formula sheet (cheat sheet) which must be uploaded to Avenue immediately after the exam
• Respondus Online Proctoring Platform will be used for the exams.

(c) Participation Bonus Marks:

• During the live lecture, synchronous participation will be conducted on the Top Hat platform. In the
first week of January prior to your first class, you will receive an email with a link to register for
your respective Top Hat section. There will be no cost to the student for registering in Top Hat.
Further instructions will be posted in Avenue.
• You can earn up to 5% Bonus Marks from your participation during the live lecture. Your total
earned bonus marks during the term will be added to your overall final course grade.

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

• During each class, you will be asked to answer simple questions on materials covered during the
lecture in the form of T/F, MC, or fill-in-the-blank. Each question is worth 1 point of which you will
receive half a point for attempting the question and half a point for correctness.
• Bonus participation marks can only be earned for participation in the section in which a student is
registered. If a student attends a different section in which the student is not registered, there will be
no participation marks awarded for that session and the student will not be able to view the Top
Hat questions.
• Since this component is a bonus mark only, MSAF’s will not be accepted for missed classes and
there is no makeup opportunity for missed classes.

Tutorials
This is not a marked component. Students in the past have found these to be useful for their
examination performance. Tutorials are an extension of the classroom lectures. The content covered in
the lectures is applied through practice problems covered in the tutorials. The tutorials are
Asynchronous, hence there are no live tutorials. Tutorial questions will be posted in-advance for
students to attempt. Recorded solutions will be posted in Avenue by the teaching assistants. For any
follow-up help, students may contact their assigned TA for direct one-on-one assistance. Students will
find the tutorials to be very helpful for midterm and final exam preparations.

Grade Conversion

At the end of the course your overall percentage grade will be converted to your letter grade in accordance
with the following conversion scheme.

Letter Grade Percent Letter Grade Percent

A+ 90 - 100 C+ 67 - 69
A 85 - 89 C 63 - 66
A- 80 - 84 C- 60 - 62
B+ 77 - 79 D+ 57 - 59
B 73 - 76 D 53 - 56
B- 70 - 72 D- 50 - 52
F 00 – 49
Academic Dishonesty
You are expected to exhibit honesty and use ethical behavior in all aspects of the learning process.
Academic credentials you earn are rooted in principles of honesty and academic integrity.
Academic dishonesty is to knowingly act or fail to act in a way that result or could result in unearned
academic credit or advantage. This behavior can result in serious consequences, e.g. the grade of zero on
an assignment, loss of credit with a notation on the transcript (notation reads: “Grade of F assigned for
academic dishonesty”), and/or suspension or expulsion from the university.
It is your responsibility to understand what constitutes academic dishonesty. For information on the
various types of academic dishonesty please refer to the Academic Integrity Policy, located at:

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

www.mcmaster.ca/academicintegrity
The following illustrates only three forms of academic dishonesty:
1. Plagiarism, e.g. the submission of work that is not one’s own or for which other credit has been
obtained.
2. Improper collaboration in group work.
3. Copying or using unauthorized aids in quizzes and examinations

Policy for Approved Missed Academic Work

Students who cannot write a test, and have advanced knowledge and permission as described above, will
be given the opportunity to write an alternate version of the test at an alternate time.

Students who did not write a test, and subsequently provide an MSAF submission, or documentation for
which they have been approved by the Student Experience – Academic Office, will have the weight of the
missed work reallocated across other course components or an alternate evaluation. The student must
follow up with the instructor to understand this process and decision.

Students who submit an MSAF, or have been approved by the Student Experience – Academic Office, for
an assignment deadline, will be given an extension for the assignment at the discretion of the instructor.
Please note, the student will ultimately be required to submit the assignment.

Student Accessibility Services

Student Accessibility Services (SAS) offers various support services for students with disabilities.
Students are required to inform SAS of accommodation needs for course work at the outset of term.
Students who require academic accommodation must contact Student Accessibility Services (SAS) to
make arrangements with a Program Coordinator. Academic accommodations must be arranged for each
term of study. Student Accessibility Services can be contacted by phone 905-525-9140 ext. 28652 or
email [email protected].
For further information, consult McMaster University’s Policy for Academic Accommodation of
Students with Disabilities: http://www.mcmaster.ca/policy/Students-AcademicStudies/Academic
Accommodation-StudentsWithDisabilities.pdf

Potential Modification to the Course

The instructor and university reserve the right to modify elements of the course during the term. The
university may change the dates and deadlines for any or all courses in extreme circumstances. If either
type of modification becomes necessary, reasonable notice and communication with the students will be
given with explanation and the opportunity to comment on changes. It is the responsibility of the student
to check their McMaster email and course websites weekly during the term and to note any changes.

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

Course Schedule

Week # Week of... Chapters Topics

Chapter 1 - Overview of Managerial Accounting

Week 1 January 11th
Chapter 2 - Cost Concepts for Product Costing: (Part I)
Chapter 2 - Cost Concepts for Cost Behavior: (Part II)
Week 2 January 18th
Chapter 2 - Cost Concepts for Cost Estimation: (Part III)
Chapter 8 - Inventory Costing Methods (Absorption vs Variable)
Week 3 January 25th
Chapter 6 - Cost Volume Profit Analysis (Part I)
Chapter 6 - Cost Volume Profit Analysis (Part II)
Week 4 February 1st
Chapter 7 - Incremental Analysis for Decision Making (Part I)
Chapter 7 - Incremental Analysis for Decision Making (Part II)
Week 5 February 8th
Chapter 3 - Job-Order Costing System (Part I)
February 15th Mid-term Recess
Chapter 3 - Job-Order Costing System (Part II)
Week 6 February 22nd
Chapter 5 - Activity Based Costing (ABC)
Midterm Examination
Saturday, February 27th: 6:00 – 8:30 pm
(Scope: Chapters 1, 2, 6, 7, and 8)
- Process Costing System (Part I)
Week 7 March 1 st Chapter 4
- Process Costing System (Part II)
Week 8 March 8th - Budgetary Control & Variance Analysis (Part I)
Week 9 March 22nd Chapters - Budgetary Control & Variance Analysis (Part II)
Week 10 March 29th 10, 11, 12 - Budgetary Control & Variance Analysis (Part III)
Week 11 April 5th - Budgetary Control & Variance Analysis (Continued)
Week 12 April 12th - Catch-up and Review
Final Exam (as per Registrar’s schedule)
(Scope: Chapters 3, 5, 4, 10, 11, and 12)

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Course Syllabus Winter 2021 Dr. Mohamed Shehata

End of Chapters Suggested Exercises & Practice Problems*

Chapter Suggested Exercises & Practice Problems
2 1, 2, 4, 8, 12, 13, 16, 23, 32, 33a, 55.
8 1, 4, 5, 8, 10, 11, 23, 28.
6 1, 3, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 17, 18, 22, 27
7 2, 3, 4, 5, 6, 8, 9, 10, 11, 12, 14, 15, 16, 19, 20
3 18, 19, 20, 21, 26, 29, 34, 46.
5 7, 12, 14, 16, 17, 18, 20.
4 14, 15, 16, 19, 24
12 4, 5, 6, 7, 8, 10, 11, 23, 28, 29, 33, 34, 36, 37, 38, 39, 40.
*Solutions to the suggested problems are available on Avenue.

Important Course Dates

Homework Assignment #1 Due Monday, February 1st; (Scope: Chapters 1, 2 and 8)

Homework Assignment #2 Due Monday, February 22nd; (Scope: Chapter 6 and 7)

Midterm Exam Saturday, February 27th, 2020; 6:00 pm to 8:30 pm

(Scope: Chapters 1, 2, 8, 6, and 7)

Homework Assignment #3 Due Monday, March 8th, (Scope: Chapters 3 and 5)

Homework Assignment #4 Due Monday, April 5th; (Scope: Chapters 4, 10, 11, and 12)

Final Exam As per Registrar’s Calendar

(Scope: Chapters 3, 5, 4, 10, 11, and 12)

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