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Management Accounting
Course Outline 2015/2016 Term 2
G2
G3
G5
G6
G7
G8
G9
Instructors
Katherine YUEN
Telephone Number: (65) 6828 0952
E-mail Address: katheriney@smu.edu.sg
Office: SOA 5045
An-Ping LIN
Telephone Number: (65) 6828 0081
E-mail Address: aplin@smu.edu.sg
Office: SOA 4033
Teaching Assistants: Please check SMU e-Learn and instructors posting for latest details.
B. Course Prerequisites
Although there is no pre-requisite for this course, students MUST have basic knowledge of financial
accounting terms (e.g. understanding of "asset", "liability", "equity", "income statement", "balance
sheet", "revenue", "expense", "depreciation", etc.) and concepts (e.g. "debits", "credits", double entry
system). Thus it is recommended that students have completed Financial Accounting. In addition,
students are encouraged to acquire fundamental skills in Excel as this will be used in the course.
C. Course Description
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 teams, analyzing cases, writing reports, and making
presentations.
D. Learning Approach
The pedagogical approach to this course consists of three interlocking elements:
Instructor-facilitated Learning: Facilitation, Clarification, Synthesis
Individual Learning: Preparation, Analysis, Action
Collaborative Learning: Teamwork, Discussion, Sharing
Learning activities are planned to take into account these three elements of learning. Both the technical
learning and skills objectives will be developed through a blend of theory and practice.
An understanding of basic management accounting knowledge on elementary concepts to be covered in
the first few classes is important for subsequent studies of the subject. Thus it is important for students
to ensure their learning and understanding through active in class participation and self-practice on
exercises.
Each topic will start with a session on basic technical knowledge, followed by practice using exercises,
discussions and other class materials to enforce students understanding of the topic.
The role of the instructor is to facilitate, provide clarification of critical concepts and guide students to
acquire fundamental concepts and the skills to adapt and adopt such concepts into practice and future
applications. Often, it is important to be able to see the trees from the forests and synthesise on why
certain things matters are just as important as how specific processes/procedures are performed.
Students are reminded that their individual contribution to learning starts before class. Students should
prepare by pre-reading, analysing the materials/tasks/cases to be covered before coming to class and
actively participate in class discussions. Preparation is the prerequisite for analysis which will allow you
to take action in your individual learning.
Collaborative learning elements are developed through your contribution to your classmates learning
experiences, either through teamwork in your project or other assigned tasks, and being willing to
contribute to class and forum discussions and share your findings and work so others will benefit.
Naturally, your individual preparation, analysis and action will determine how much you are able to
contribute to collaborative learning.
Hilton and Platt Management Accounting Creating Value in a Dynamic Business Environment,
9th Edition, Global Edition, McGraw-Hill, 2011.
ADDITIONAL REFERENCES:
Young, S Mark - Readings in Management Accounting, 6th edition Prentice Hall 2012
Newspaper: Students are encouraged to read the The Business Times daily which is free at the following
URL after 6pm: http://business-times.asia1.com.sg/home
Additional reading materials may be prescribed from time to time as appropriate.
Other than the prescribed reading materials, students are encouraged to read any material that may be
relevant to their field of studies.
F. Lesson Plan
Class sessions are of 3-hour duration and will include a review of study materials, class discussions and
other learning activities. Course materials will be published in SMU e-Learn (https://elearn.smu.edu.sg/).
A brief outline of course schedule is provided below. A detailed course work plan is available in Annex 1.
Cost behaviour
Standard cost
Break-even analysis for single and multi- Budgeting
product
Variance analysis
Absorption costing and variable costing
Balanced Scorecard
Activity-based costing
Relevant cost for decision making
Job-order costing
Capital budgeting
Process costing
G. Assessment
To pass the course, a student is required to obtain a TOTAL mark of 50% or better. The assessment
components are listed below: Preparation and Class Learning Activities (10%), Progress Assessments
(20%), Team Project (20%) and Final Examination (50%).
You should refer to the School of Accountancy Writing Guide for any written work submitted for this
course.
H. Academic Integrity
All acts of academic dishonesty (including, but not limited to, plagiarism, cheating, fabrication, facilitation
of acts of academic dishonesty by others, unauthorized possession of exam questions, or tampering with
the academic work of other students) are serious offences. All work (whether oral or written) submitted
for purposes of assessment must be the students own work. Penalties for violation of the policy range
from zero marks for the component assessment to expulsion, depending on the nature of the
offense. When in doubt, students should consult the instructors of the course. Details on the SMU Code
of Academic Integrity may be accessed at http://www.smuscd.org/resources.html.
I. Accessibility
SMU strives to make learning experiences accessible for all. If you anticipate or experience physical or
academic barriers due to disability, please let your instructor know immediately. You are also welcome to
contact the university's disability services team if you have questions or concerns about academic
provisions: included@smu.edu.sg.
Please be aware that the accessible tables in our seminar room should remain available for students who
require them.
Prepared by: HWANG Soo Chiat
An-Ping LIN
Katherine YUEN
Dec 2015
Vetted by:
Topic
Practice Questions
E1-1
E1-3
E1-7
E2-3
P2-18
E2-7
P2-20
E2-11
E3-4
P3-16
E3A-1
E4-5
E4-18
P4-23
E4-6
P4-19
P4-29
E4-14
P4-21
2
(11 Jan)
3
(18 Jan)
E5-1
P5-16
E5-4
EApp5-1
E5-10
4
(25 Jan)
E6-2
E6-6
E6-3
E6-4
5
(1 Feb)
E7-1
E7-9
P7-19
E7-5
E7-14
E7-7
P7-17
6
(8 Feb)
E8-3
E8-18
E8-7
E8-20
E8-9
P8-29
E9-8
P9-15
E9-10
P9-16
P9-14
7
(15 Feb)
E10-1
P10-15
P10-19
E10-2
P10-17
C10-31
E10-8
P10-18
E11-14
P11-20
E11-16
P11-23
P11-19
P11-25
E12-4
E12A-2
P12-9
E12A-4
P12-11
8
(22 Feb)
SCHOOL RECESS
9
(29 Feb)
10
(7 Mar)
11
(14 Mar)
E14-5
E14-15
P14-23
E14-6
E14-16
P14-25
E14-8
P14-20
12
(21 Mar)
Topic 13: Capital Budgeting Chapter 15 including App 15A & 15B
Project Presentations
E15-1
P15-20
E15-5
P15-27
E15-12
P15-28
13
(28 Mar)
14
(4 Apr)
Project Presentations
P13-25
-----
REVISION WEEK
Submission of Project Report 4 Apr 2016 Mon 12 NOON
15
FINAL EXAM Comprehensive; Ch 1 15, 11 Apr 2016 Mon 1:00 PM
(11 Apr)
NB: This Class Plan is subject to changes
---------
The detailed course work plan above sets out the agenda for the whole term. It is going to be a packed workload, and
you are advised to set aside adequate time to prepare, participate and review each session. It is expected that you will
need to spend anything 4 to 8 hours on average per week to keep up to date with the course materials and team work.
You should also note that pre-class reading of the notes and textbook as well as the relevant readings will help students
understand the topics better and faster. Post-class reinforcement exercises (practice questions) are set to make sure
that you can actually do the bare minimum expected learning outcomes for each session. In some way, learning
accounting is like playing piano, there is only so much you can do reading/listening about it, you have to roll your sleeves
and go out and actually do and practise it! Additional exercises may be given to students for such purpose.
You must complete your practice exercises on the weekly basis as unannounced quizzes may be given to test your
preparation and understanding. Scorings on these unannounced quizzes contribute part of the overall assessment
under the preparation component.
Involvement
(in class
activities)
Consistency
(in class
participation)
Quality
(of class
contribution)
Maturity
(in thought
and action)
Collegiality
(with peers)
0 to 1 (D+/D/F)
Below average
2 (C+/C/C-)
Fair
3 (B/B-)
Average
4 (A-/B+)
Good
5 (A+/A)
Excellent
Demonstrates occasional
preparation for class. Completes
some pre-readings or assigned
preparatory work. Takes marginal
initiative in contributing effort.
10
Based on the costing results and findings, if applicable, identify areas how costing methods/information
help the entity run its business effectively. Costing information may help decisions regarding, for
example, pricing, product mix, advertising strategy, dropping or adding a product or service etc.
It is not compulsory for every project team to give recommendations for improvements as these may
not be applicable for every project. For the teams who have ideas for sound recommendations, feedback
from the management of the entity should be obtained if possible.
2. Project Requirements
The total number of words in your main report should not exceed 3,500 words. Excluded from the word
count, you may add relevant Tables, Charts, Pictures and Appendices to help enhance your report where
appropriate and necessary. At the end of each project report, each team is required to submit the followings:
One page of Reflection: e.g. main difficulties encountered and the key takeaways of doing the project
Up to two pages of learning points from watching other project teams presentations. However, learning
points are not required to be included in the project report if your instructor requires you to do peer
evaluations via e-learn during class time when the presentations are made, in this case, all learning points
are to be keyed into the e-learn under peer evaluation.
Reflection and Learning Points are outside of the word limit of 3,500 words.
3. Copyright Requirement
If outside material or research is used in the project, sources are to be cited. Students should only divulge
confidential information with the agreement of the companies involved.
4. Submission Deadlines
Project Proposal
Students are required to submit a short project proposal for instructors approval by 12 Feb 2016, Week 6
Friday 12 NOON. You may make use of the template from Annex 5 which specifies the information required.
Students are to submit the project proposal via SMU e-Learn dropbox or email. Please check with your
instructor for his or her preferred mode of submission.
Final Report
Students are to submit both a hard copy and a soft copy of the final report
A hard copy of the project (double sided to save papers) to your instructor for grading purpose.
A soft copy to SMU e-Learn dropbox which will automatically perform plagiarism check. Files should be
neither password nor extraction protected.
The deadline is 4 Apr 2016, Week 14 Monday 12 NOON, late submission will not be entertained,
The following general information must be indicated on the front page of the report:
Section No (e.g. G1, ... G10)
Team No (e.g. T1 T10)
Name of Team Members
Name of the Entity
11
Your Team Project Report grade will be based on the elements listed above. The grades below are out of
20 points assigned to this component of assessment.
A+
[about 19-20]
A and ABs
Cs
Ds/Fs
[about 17-18]
[about 14-16]
[about 11-13]
[about 0 to 10]
12
Contribution to project
in terms of effort and final output
Total
100%
1.
2.
3.
4.
5.
6.
13
General Information
Section No (G1, G2)
Team No (T1, T2)
Names of Team Members
2. Chosen Entity
Entity is (please delete)
a) Through Contact(s)
b) Based on Published Information
c) Self-Created
Manufacturing
Service
Others (please specify)
14