MOUNT SAINT VINCENT UNIVERSITY
Halifax, Nova Scotia
Department of Business & Tourism
Business 3320 (All sections) Managerial Accounting I
Course Outline Fall 2013
Welcome to BUSI3320 Managerial Accounting
Why study Managerial Accounting? As a manager (current or future) you will need accounting information to help you make decisions that will enhance your organization. You will learn how to develop and apply this information in the real world. Hopefully you will learn critical thinking skills that are crucial to the success in your chosen career. (See xiii of your text). There are many resources to help you in this course including access to your instructor and those resources listed below. Good luck and keep smiling.
TTh 9:00 am – 10:15 am
Th 6:00 pm – 8:45 pm
W 8:15-10:15 pm
Moodle is the Mount’s online course management system and contains course-specific content you will need. You can access it by logging on with your username and password to the course Moodle site at http://moodle233.msvu.ca/m23/ check the course site regularly – at least every 48 hours! See Moodle (FAQ) on the top of the left side on main Moodle Page Username: MSVU email login-ID Password: MSVU email password A
Technical Help: If you require assistance with Moodle and/or Collaborate, please first contact Distance Learning: Monday-Friday, 8 a.m. – 4 p.m. (Atlantic time), (902) 457-6717; First week of term only, additional help is available Monday-Friday, 4 p.m. – 8:30 p.m. (Atlantic time), (902) 457-5067; For after-hour emergencies, please contact the Mount Switchboard: (902) 457-6788; Email: email@example.com
Communication through Moodle: Moodle will be used as our primary method for communication outside the classroom. Unless instructed otherwise, please use the Mail tool in Moodle to send/receive emails about this course to your instructor and/or classmates. Technical difficulties: If you have difficulties with access to Moodle please call (902) 457-6489 or send an email to firstname.lastname@example.org. Course Description
An application of the techniques learned in BUSI 2221 and 2222 with special emphasis on the preparation of reports which provide information for decision-making by management. Different costing systems are examined. Planning and control of business operations through an analysis of cost behaviour and budgeting procedures are also examined. Note: Students who have received credit for BUSI 3321 or THMT 3221 may not take this course for credit.
Course Pre-requisites BUSI 2222
By the end of this course you should be able to:
Describe the work of management and the specific accounting information needs of managers Differentiate between financial accounting and managerial accounting Define, explain and apply cost concepts in a manufacturing and service organization Prepare basic management reports such as income statements and schedules of cost of goods sold and cost of goods manufactured Explain and use cost behaviour concepts to analyze and estimate costs Prepare an income statement in the contribution format
Apply accounting systems design (job order costing) for the accumulation and measurement of costs for jobs, contracts or projects Refine the cost accumulation and measurement process through the use of several cost allocation methods including Activity Based Costing (ABC) Define the costs of Quality and discuss methods for cost reduction and quality improvement Describe the advantages and disadvantages of budgeting Prepare a budget using the cost concepts learned in...
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