Course Syllabus Fall 2019 Dr.

Mohamed Shehata

Accounting and Financial Management Services

Commerce 2AB3 – Managerial Accounting I
Course Outline - Fall 2019

Prerequisite: Comm. 1AA3.

Course Format: Three-hour lecture plus one-hour tutorial per week

Instructor: Dr. Mohamed Shehata

Office: DSB-326, Ext. 27030
Office Hours: Tuesdays and Wednesdays: 12:30 - 1:20 pm, or by appointment
Email: Shehata@mcmaster.ca

Course Coordinator: Mr. Karim, Karim *

Email: karimk7@mcmaster.ca
Office: ETB 209
Office Hours: Wednesdays 1:30 pm - 2:15 pm or by appointment
*All your administrative questions, concerns and problems related to the course materials, tutorials,
examinations, marks, etc. should be directed to Mr. Karim.

Tutorial Leaders: See page 7.

TAs’ Office Hours

Weekly Office Hours: See page 7.
Extended Office Hours: See the course website on Avenue for details

Course Site: Avenue: http://avenue.mcmaster.ca, select Comm. 2AB3.

Textbook**
Weygandt, Kimmel, Kieso, 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); $99.95
Option 2: E-Text + WileyPLUS; $67.95

https://campusstore.mcmaster.ca/cgi-
mcm/ws/txsub.pl?wsTERMG1=194&wsDEPTG1=COMMERCE&wsCOURSEG1=2AB3&wsSECTIONG1=DAY%20C0
1&crit_cnt=1

**4 copies of the textbook are available on reserve at the Innis library.

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

COURSE DESCRIPTION:
• The course is an introduction to management accounting. The role of management accounting
is to provide firm management at all levels with the financial and non-financial information
necessary to effectively and efficiently manage the firm or organization.

• The concepts of management accounting are used in both manufacturing and service firms, and
are increasingly applied to government and not-for-profit organizations.

• Cost accounting is concerned with the analysis of and accounting for costs, inventory valuation,
managerial planning, and control. The nature and behaviour of costs and the usefulness and limitations
of accounting data for these purposes are studied. Cost 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.

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:

I. Overview of Managerial Accounting (Ch. 1)

II. Foundation of Managerial Accounting:

• The basics of cost concepts (Ch. 2)
• Inventory Valuation Systems (Ch. 8)

III. Using Management Accounting Information in Decision Making:

• Cost Volume Profit (CVP) analysis (Ch. 6)
• Incremental Analysis: The Key to Decision Making (Ch. 7)
• Products Pricing Systems (Ch. 9)

IV. Designing and Implementing Cost Accounting Systems:

• Job-Order Costing System (Ch. 3)
• Activity-Based-Costing (ABC) System. (Ch. 5)
• Process Costing System . (Ch. 4)

V. Budgetary Control & Performance Evaluation:

• Budgetary Control & Performance Evaluation System (Chapters 10, 11, 12)

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

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

Five Graded Online Homework Assignments (each is worth 2%) 10%

Two Online Quizzes (each is worth 5%) 10%
Mid-term Examination: (Friday October 25th, 7:00 pm - 9:30 pm) 30%
Final Exam (Comprehensive) 50%
Total 100%

IMPORTANT NOTES:
1. The assignments and quizzes are designed to help you keep up with the course materials. These
assignments are open-book and open-notes (with no collaborations).
2. The midterm and final exams will be all true/false and/or multiple-choice questions. The use of
a McMaster standard calculator is allowed during examinations in this course.
3. There will be no formula sheets or cheat sheets provided or allowed during the midterm or the
final exams.
4. There will be no make-up examination for missed midterm exam. For students who are unable
to write the mid-term at the posted exam time and filed a successful (i.e., approved from the
proper channels) MSAF, the final exam will include the weight of the missed midterm exam.
In the case the instructor chooses not to make the final exam comprehensive, students who
missed a midterm and filed a successful MSAF will write a final exam that is comprehensive
which will be different from the final exam for students who wrote the midterm.
5. The instructor reserves the right to adjust the student's final grade by one grade point based on
his/her class participation and overall performance for the course.

TUTORIALS:
• Tutorials are an integral part of the course. This is not a marked component. Students in the
past have found these helpful to understand how to apply the concepts to the problems.
• Tutorials are an extension of the classroom lectures. The content covered in the lectures is
applied through practice problems covered during the tutorials.
• Tutorial questions will be posted in-advance for students to attempt prior to coming to their
scheduled tutorial. Solutions will be worked out during the tutorials by the teaching assistants
and only answers will be posted in Avenue.
• Tutorials will be held starting the week of Monday September 9th, 2019.

HOMEWORK ASSIGNMENTS AND QUIZZES:

• The Homework assignments and quizzes are carefully designed to help students keep up with
the course material. The Opening and Due dates are posted under the “Topic Schedule” and
“Important Course Dates” sections (pages 8 and 9).
• Homework assignments will be open one or two weeks prior to the due date. Quizzes will be
open the Friday prior to the due date. The timing of closing of the assignments and quizzes is
strictly at 11:59 pm on the scheduled due dates.

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

• For the homework assignments, you may take as long as you wish to complete so long as it is
submitted by the due date. Do allow for sufficient time to start and finish the homework
assignment as it can take you several hours to complete.
• If an MSAF is applied towards a specific assignment (homework or quiz), then the weight for
that assignment will be moved to the next exam.
• Solutions to the assignments/quizzes will be released in the next day after the due date.
• The content coverage for the quizzes will be similar to the corresponding midterm and final
exams (only T/F and MC questions) giving students a good opportunity to prepare for the
exams.

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

Instructions and links to instructional videos are posted in Avenue to help students with utilization of
WileyPLUS. A 24/7 Wiley support hotline chat is also available to assist with technical IT related
issues.

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.

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

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:

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 tests and examinations

REQUESTING RELIEF FOR MISSED ACADEMIC WORK

Students may request relief from a regularly scheduled midterm, test, assignment or other course component in
the following ways:

a) for absences from classes lasting up to three (3) days;

b) for absences from classes lasting more than three (3) days; or
c) for conflicts arising from Student Experience - Academic Office (DSB 112) approved events

a) for absences from classes lasting up to three (3) days:

Students must use the MSAF (McMaster Student Absence Form). This is an on-line, self-reporting tool,
for which submission of medical or other types of supporting documentation is normally not required.
Students may use this tool to submit a maximum of one (1) request for relief of missed academic work
per term as long as the weighting of the component is worth less than 25% of the course weight.
Students must follow up with their course instructors regarding the nature of the relief within two days
of submitting the form. Failure to do so may negate the opportunity for relief. It is the prerogative of the
instructor of the course to determine the appropriate relief for missed term work in his/her course.
Details are described below.

If the value of the component is worth 25% or more, students must report to their Faculty Office (the
Student Experience – Academic Office in DSB 112 for Commerce students) to discuss their situation
and will be required to provide appropriate supporting documentation.

Please visit the following page for more information about MSAF:
http://academiccalendars.romcmaster.ca/content.php?catoid=18&navoid=3204#Requests_for_Relief_fo
r_Missed_Academic_Term_Work

b) for absences from classes lasting more than three (3) days:
Students cannot use the MSAF. They MUST report to their Faculty Office (the Student Experience –
Academic Office in DSB 112 for Commerce students) to discuss their situation and will be required to
provide appropriate supporting documentation.

Students who wish to submit more than one request for relief of missed academic work per term cannot
use the MSAF. They must report to the Student Experience – Academic Office in DSB 112 and discuss
their situation with an academic advisor. They will be required to provide supporting documentation and
possibly meet with the Manager.

c) for conflicts arising from Student Experience - Academic Office (DSB 112) approved events:

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

Students unable to write a mid-term at the posted exam time due to the following reasons: religious;
work-related (for part-time students only); representing university at an academic or varsity athletic
event; conflicts between two overlapping scheduled mid-term exams; or other extenuating
circumstances, have the option of applying for special exam arrangements. Please see the DeGroote
Missed Course Work Policy for a list of conflicts that qualify for academic accommodation:
http://ug.degroote.mcmaster.ca/forms-and-resources/missed-course-work-policy/
Such requests must be made to the Student Experience – Academic Office at least ten (10) working days
before the scheduled exam along with acceptable documentation. Non-Commerce students must submit
their documentation to their own Faculty Office and then alert the Student Experience – Academic
Office of their interest in an alternate sitting of the midterm.

Adjudication of all requests must be handled by the Student Experience – Academic Office. Instructors
cannot allow students to unofficially write make-up exams/tests.

The MSAF cannot be used during any final examination period.

If a mid-term exam is missed without a valid reason, students will receive a grade of zero (0) for that
component.

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 e-mail sas@mcmaster.ca.
For further information, consult McMaster University’s Policy for Academic Accommodation of Students with
Disabilities:http://www.mcmaster.ca/policy/Students-AcademicStudies/AcademicAccommodation-
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 Fall 2019 Dr. Mohamed Shehata

Remarks
i. Please see the Course Website for any updates and course material.
ii. MSAF is not permissible for weights on evaluation that are greater than or equal to 25% (Midterms,
Final exam). Any attempt to submit a falsified MSAF for this course for a missed test or midterm exam
constitutes academic dishonesty and charges may be filed with the Office of Academic Integrity.
iii. It is your responsibility to check Avenue daily – everything you will need is there and any important
announcements will be posted there. Set your home page to the news feed for the course.
iv. It is your responsibility to understand what constitutes academic dishonesty, for example signing for
someone else on the tutorial attendance sheet.
v. We only respond to emails originating from students’ McMaster email accounts. Ensure that your Mac
account is activated and has space to receive emails. We reply to emails only once, and if it returns to us
as “undeliverable mail” we do not attempt any further replies. Do not use the email provided by Avenue.
We do not check Avenue for emails. We do not respond to emails asking questions to which the answer
is readily available in the course outline or Avenue.

Lectures/ Tutorials/ Office Hours

Monday Tuesday Wednesday Thursday Friday

T5-DSB AB102
9:30 - 10:20
(TA: Reda)
10:30 - 11:20 T1-DSB AB102
(TA: Reda)
11:30 - 12:20 TA Office Hour TA Office Hour T4- DSB AB102 T2-DSB AB102
DSB 227 TSH 605 (TA: Rimsha) (TA: Rimsha)
Office Hour Office Hour
12:30 - 1:20 C01 (JHE376) C01 (JHE376)
Dr. Shehata Dr. Shehata

1:30 - 2:20 C02 (JHE376) C01 (JHE376) C02 (JHE376) C02 (JHE376)
T3-DSB AB102
2:30 - 3:20
(TA: Caitlin)

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

Topic Schedule

Sub-topics Chapter End of Chapters Assignments Due Dates

Suggested problems Homework Quiz
- Overview of Managerial Accounting Ch. 1 Lecture Notes Handout

- Managerial Cost Concepts: Ch. 2 2- 1, 2, 4, 12, 13, 32, 33

Lecture Notes-Part 1: (Product Costing) 16, 23
Lecture Notes-Part 2: (Cost Behavior)
Homework# 1
Lecture Notes-Part 3: (Cost Estimation)
Sept 9th–23nd
- Inventory Valuation Systems
Ch. 8 8- 1, 4, 5, 8, 10, 11, 23.
(Omit Chapter 8’s Appendixes)

Cost-Volume-Profit Analysis:
6- 1,3,5, 6, 7, 8, 9a, 15, Homework # 2
Part 1 - Single Product Case Ch. 6
16, 17 Sept 24th–30th
Part 2 - Multiple Product Case 6- 10, 12, 13, 18, 22, 27
Homework # 3
Incremental Analysis Ch. 7 7- 8, 9, 10, 11, 12, 14, Oct 1st–13th
(Omit Pages 285-287) 15, 16, 19. Quiz # 1
Oct 18th–21st
Pricing Decisions Ch. 9 9-1, 4, 5, 8, 10, 23, 28

Midterm: Friday October 25th, 7:00 – 9:30 pm.

Materials Covered in this exam: Chapters 1, 2, 6, 7, 8 and 9
There will be no formula sheets or cheat sheets provided/allowed during the Midterm

Product Costing Systems

- Job-Order Costing System Ch. 3 3– 18, 19, 20, 21a-c, 26,
29, 3.34. Homework # 4
- Activity Based Costing Oct 28th– Nov
Ch. 5 5- 7, 12, 14, 16, 17, 18, 20 11th

- Process Costing System Ch. 4 4- 14, 15, 16, 19, 24

Performance Evaluation System

Homework # 5
- Budgetary Planning (Skim through) Ch. 10 Handout
Nov. 12th–25th
- Budgetary Control Ch. 11 11- 4, 5, 19, 20. Quiz #2
(Omit Pages 487- end of the chapter) Nov 29th –
Dec 2nd
- Flexible Budgets & Variance Analysis Ch. 12 12- 4, 5, 6, 7, 8, 10, 11,
(Omit Pages 553-556) 23, 28, 29, 33, 34, 39

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Course Syllabus Fall 2019 Dr. Mohamed Shehata

Important Dates and Events

September 2019
Chapter Mon Tue Wed Thu Fri Sat Sun

Ch. 1 2 3 4 5 6 7 8
First Day
Ch. 2 9th 10 11 12
Tutorials Begin HW Assignment 1: Ch. 1, 2, 8.
Ch. 8 16 17 18 19 System Opens Sept 9th - Due date Sept. 23rd

HW Assignment 2: Ch. 6 Single Product.

Ch. 6 23rd 24th 25 26
System Opens Sept 24rd - Due date Sept. 30th

October 2019
Chapter Mon Tue Wed Thu Fri Sat Sun

Ch. 7 Sep 30th 1st 2 3

HW Assignment 3: Ch 6 Multi-Products & Ch 7.
System Opens Oct 1st – Due date Oct. 13th
Ch. 9 7 8 9 10

No Classes 14 15 16 Recess17
Midterm 18 Quiz 1*

Ch. 3 21st 22 23 24 Midterm** 26 27

*Quiz 1: Chapters 1, 2, 8, 6, 7, 9? System Opens Oct 18th - Due date Oct. 21st
** Midterm: Friday October 25th, 7:00 – 9:30 pm.

November 2019
Chapter Mon Tue Wed Thu Fri Sat Sun

Ch. 5 Oct 28th 29 30 31

HW Assignment 4: Ch 3 and Ch 5.
Ch. 4 4 5 6 7 System Opens Oct 28th– Due date Nov. 11th

Ch. 10 11th 12th 13 14

HW Assignment 5: Chs. 4,11 & 12***
Ch. 11 18 19 20 21 System Opens Nov 12th Due date Nov. 25th

Ch. 12 25th 26 27 28
Quiz 2****
December 2nd 3 4 System Opens Nov 29th - Due date Dec 2nd
Last Day
*** Note that not all chapters 11 and 12 are included in Assignment 5. Only the materials covered in
the Lecture Notes of Chapters 10, 11, 12 (Part I).
****Quiz 2: Chapters 3, 4, 5, 11 & 12. System Opens on Friday Nov 29th - Due date on Monday Dec 2nd

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