UNIVERSITY OF MIAMI

ACCOUNTING 212
Introduction to Managerial Accounting
SPRING 2019

Instructor: Mario Perez, CPA

Email address: [email protected]
Phone: (305) 284-4927
Office: Kosar/Epstein Office 317, Accounting Department, 3rd Floor
Office Hours: Mon, Wed & Fri from 12:15 to 2:15pm. Tue & Thur from 9:15 to 10:45am.

COURSE DESCRIPTION:

The course focuses on accounting's role in providing information for management decisions.
Management accounting information is prepared exclusively for use by company managers and is
intended to help them evaluate business situations so they are better prepared to select among
decision alternatives. The course includes techniques for planning and controlling business
operations in order to achieve company goals.

Topics include various product costing techniques, analysis of cost behavior patterns, budgeting,
and the use of accounting information to solve problems. The course will be taught from a
managerial perspective. Prerequisite: ACC 211

LEARNING OBJECTIVES:

1. Comprehend management accounting’s role in business and the differences between

management and financial accounting.

2. Identify the basic concepts of various cost classifications, cost behavior, and allocation
methodologies and then demonstrate how they are used to make business decisions.

3. Calculate the cost of products using job order and process costing and prepare appropriate
general journal entries.

4. Demonstrate the usefulness of budgeting, standard costing, and variance analysis for
management decision making.

5. Leverage technology through the use of Excel to perform various management accounting
calculations.

6. Appreciate the obligations of an accounting professional.

REQUIRED MATERIALS:

Textbook:

Option #1 – Hardcopy of Textbook with Connect Plus (includes e-book)

Managerial Accounting (16th Edition) by Garrison, Noreen and Brewer
(University of Miami Edition) ISBN 9781309095140

Textbook can only be purchased at the Book Store on campus. If you purchase a new book from
somewhere else or if you purchase a used book, you will also need to purchase Option #2 below.

Option #2 – E-book with Connect Plus

Managerial Accounting by Garrison, Noreen and Brewer

This would be purchased directly from McGraw-Hill Education. There will be instructions with a
link on BlackBoard.

Course Project:
Building Blocks of Accounting – A Managerial Perspective (I See the Light), by Mark Friedman.
This Excel project is available on-line through Cybertext only. Instructions for downloading the
project are available under Course Documents on the course website.

Calculator:
Each student must have his or her own working calculator to use during exams.

Highly recommended calculator: Texas Instruments Business Analyst II Plus (TI BA II Plus)
calculator
Acceptable calculators: A calculator equivalent to the TI BA II Plus or any simple calculator
capable of addition, subtraction, multiplication, and division
Unacceptable calculators: Graphing calculators and other multi-line display calculators as well
as calculators capable of storing or recalling information are specifically not permitted during
exams. Cell phones, smartphones, PDAs, computers or other electronic devices cannot be
used during exams as a calculator.

Sharing of calculators during exams is not permitted because it is an imposition to the student
who brought the calculator and a possible source of cheating. Students are not permitted to use
programmable calculators during exams. The use of any calculator capable of recalling
information such as names, phone numbers, equations, or other user-entered information will be
considered cheating. It is highly recommended that students obtain a Texas Instruments Business
Analyst II Plus (the TI BA II Plus) calculator for this course. The TI BA II Plus can perform the
complex present value calculations for this course and it is the required calculator for University
of Miami finance courses. The TI BA II Plus has suggested retail price of $45 and generally
sells for between $30 and $40. It is available at the University of Miami Bookstore for $39.99.
The following calculators are also acceptable: the TI-36X (about $20), the TI-30X IIS (about
$15), or the TI-30X (about $10). Graphing calculators and other multi-line display calculators
as well as calculators capable of storing or recalling information are specifically not permitted
during exams. Cell phones, smartphones, PDAs, computers or other electronic devices cannot
be used during exams as a calculator.
1
Each student should bring his or her book and a calculator to class each day.

EVALUATION CRITERIA:
Exams:
There will be two exams. Each exam accounts for 20% of the final grade. There is also a
cumulative final exam that accounts for 35% of the final grade. All reading material, unless
specifically excluded, may be included on the exams. There are no make up exams unless
specifically approved by your instructor. Although exam dates are listed on the syllabus, your
instructor may find it necessary to reschedule one or all of the unit exams.

Final exam – The final exam is a cumulative exam prepared and administered by your instructor.
You must take the final exam during the time slot designated by the University for your Section. If
your end-of-semester plans do not permit you to take the final exam at the scheduled time,
please switch to another section that will better accommodate your situation. The University
of Miami’s final exam schedule is posted on the Course Blackboard Website under course
documents. Please review the schedule to determine the date and time of the final exam for your
section of ACC 212.

Make-up policy – Make-up policy for the course is at your instructor’s discretion. Generally, no
make-up exams are given during the term. At the discretion of your instructor, if you have a
valid reason (documented illness, documented major family circumstances, etc.) the cumulative
final exam may be weighted more heavily. Note that no guarantees are provided and make ups are
at the discretion of your instructor.

If you are going to miss an exam, you must contact your instructor prior to the exam to avoid
receiving zero points for the exam. You should contact your instructor by email regarding
examination difficulties. Contacting your instructor by phone, phone message, or casual discussions
before or after class does not constitute proper notification. Notification must be documented by
email correspondence

Course Project:
Students are required to complete a structured computer-based project that covers many of the
topics presented in class and in the text. Completion of this project will help students prepare for the
final exam. The various parts of the Cybertext project should be completed according to the due
dates established by your instructor. Course Project must be completed by 4/26/19. Your
instructor may establish due dates for the various sections of the Cybertext project during the
semester. It is your responsibility to complete those sections based on the deadlines created by your
instructor.

In order to receive full credit for the class participation and attendance points, students must submit
Question 4.01 by the end of the second week of class. Students failing to meet this requirement
will lose half of the participation points.

Please note that proper rounding is critically important with respect to the Cybertext project. Your
Cybertext grade sheet will indicate improper rounding by highlighting the cells next to the
improperly rounded responses in orange. If you use Excel functions to calculate answers, you must
do it so Excel rounds to the specified number of decimal places. For example, if you are dividing
Cell C3 by C5 and want the result to be rounded to 7 decimal places, the following format would
2
work: =round(C3/C5,7)

Grading:
Exam 1 20%
Exam 2 20%
Cumulative final exam 35%
Building Blocks project 10%
Connect Assignments (McGraw-Hill Site) 10%
Class participation, attendance, quizzes,
(Instructor’s discretion) 5%
Total 100%

MISCELLANEOUS:

Course Website:
A website is established for each course in Blackboard. All students registered for the course can
access the course’s website at: www.miami.edu/blackboard. Your Blackboard User Name is
your UM Email Alias and your initial password is your birth date. (You can find your UM Email
Alias on MyUM at www.miami.edu/myum.)

The course Blackboard site includes solutions to all homework problems, the course syllabus,
important announcements, PowerPoint slides, and other relevant course information.

Tutoring:
Students may request tutoring through the Academic Tutor Program Development Center located in
room N201 at the Whiten University Center. Students do not need authorization from their
professor and should call 305-284-2800 for an appointment.
Beta Alpha Psi members, the accounting honor society, may be available to help you. Please check
at the front desk of the Accounting Department , K/E 301, for the current semester schedule.

IMPORTANT COURSE POLICIES

Email:
When sending an email message to your instructor, please make use of the subject line to
summarize your message and include the course number and section. Please also make sure that
your real name is included somewhere in your email messages. You instructor will use the email
address you have listed in Blackboard (the one you registered through MyUM) to contact you
with important information and announcements. Therefore, it is important that you make sure
that the email address you listed with MyUM is current.

Cell phones:
Before you enter the classroom, please turn off and put away your cell phone and anything else
that may beep or ring. Use of cell phones or text messaging during class is not permitted.
Laptops, Smartphones, PDAs and Other Electronic Devices (such as recording equipment)
may not be used during class except at the express discretion of the instructor.
3
Academic Integrity:
Academic dishonesty in any form is not tolerated. This policy is required to encourage consistent
ethical behavior among students and to foster a climate of fair competition. Personal integrity is
a quality that is expected and respected at the University of Miami. Consequently, the
Undergraduate Student Honor Code is in force at all times. Students are responsible for reading,
understanding, and upholding the Honor Code which is available from the Office of the Dean of
Students.
Collaboration on Graded Assignments:
Students may not work together on graded assignments unless the instructor gives express
permission or unless explicitly indicated on the course syllabus.

Attendance:
Each student is required to attend every class and attendance will be part of the grade. Faculty
will excuse absences only in cases of documented serious illness, religious observance, civic
obligation, or participation in an activity approved by the Academic Deans Policy Council.
Otherwise, your attendance is expected. If you will miss class for religious observance or a civic
obligation, you must inform your instructor at least one week in advance. Any other absences
such as absences for work related travel, or family emergency may be excused at the discretion
of the faculty upon receiving supporting documentation. It is the student’s responsibility to
contact the instructor within one week after any unanticipated absence.

Preparation and Class Participation:

The Department believes that the student’s presence and participation in class are essential
elements of the learning experience. The value of the course lies in preparing for, listening to,
and participating in the class discussion. It is impossible for a student to make up a missed class
by simply analyzing the readings or getting the notes for the day. Therefore, it is expected that
you will attend every class, arriving on time, so that we may start promptly.

Students may enter class late only if given permission by the instructor and only if they can do
so without disrupting the class. In addition, students may not leave and re-enter the class once
class has started except by permission from the instructor and only if they can do so without
disrupting the class. Arriving late or leaving class early will have impact on the course grade as
determined by the instructor.

General Behavior:
Students will conduct themselves with respect and professionalism toward faculty, students, and
others present in class and will follow the rules prescribed by the instructor for classroom
behavior. Students who fail to do so may be asked to leave the classroom with a grade penalty.

Late Submission of Assignments:

Late assignments will either not be accepted or will incur a grade penalty unless they are due
to documented serious illness or a family emergency. Instructors will make exceptions to this
policy for reasons of religious observance or civic obligation, only when the assignment cannot
reasonably be completed prior to the due date and the student makes arrangements for late
submission with the instructor in advance.

4
Dropping the Course:
The policy for withdrawing from a course is dictated by the University. Any student who has not
dropped by the official date will receive a grade for the course. The last day to drop a course for
this semester is March 27th. If you wish to withdraw from the course, you must officially drop
the course. If you just stop attending class, you will receive a failing grade.

Incompletes Grades:
The Incomplete (I) grade will be recorded only when a student is unable to complete the course
for a verifiable non-academic reason (such as an accident or illness that confines the student to
the hospital). An Incomplete (I) will not be given when a student is failing the course or when a
student wishes to repeat the course. Both the professor and the Department Chair must approve
all incomplete grades in advance.

Extra Credit:
The University of Miami has a strict policy prohibiting extra credit assignments being offered to
individual students. If extra credit assignments are made available to one student, they must be
made available to all students and all students so informed. Consequently, there will be no extra
credit assignments in this course.

Accessibility Resources:
Reasonable accommodations will be provided by the instructor or through the Office of
Disabilities for students who have a documented disability and are registered with the Office of
Disabilities. Accommodations will not be made for students who are not registered or who do
not present the required letter. The accommodations letter must be presented to the instructor at
the beginning of the semester, during office hours, and a minimum of two weeks prior to the
desired use of the accommodation. The instructor will then work with the Office of Disabilities
to determine the best way to accommodate the student for that course. Students should not
assume that they will be accommodated in exactly the same manner for every course. It is the
responsibility of the student to contact this instructor to coordinate the details of all
accommodations. Students may speak with the instructor or contact Accessibility Resources at
(305) 284-2374 for more information about receiving classroom accommodations.

Important Dates: Spring 2019

1/14 Classes Begin 3/27 Last Day to Drop a Class

1/21 MLK Day 4/26 Last Day of Class
3/9 – 3/17 Spring Recess 5/1 to 5/8 Finals

Please check the final exam schedule for the date and time of your final exam.

5
 ACC 212 SPRING 2018
Please note: Dates Subject to Change.

Week Ch. Description Assignments

Jan 14th 1 Managerial Accounting and Concepts  

Chapter #1 Due and
Jan 21st 2 Job Order Costing: Calculating Unit Product Costs
Cybertext 4.01 due
Jan 28th 3 Job Order Costing: Cost Flows and External Reporting Chapter #2 Due
Feb 4th 4 Process Costing Chapter #3 and #4 Due
Exam 1 – Chapters 1 – 4 and Cost-Volume-Profit
Feb 11th 5  
Relationships
Feb 18th 5 Cost-Volume-Profit Relationships  
Feb 25th 6 Variable Costing and Segment Reporting Chapter #5 Due
Mar 4th 7 Activity Based Costing Chapter #6 Due
Mar 18th 8 Master Budgeting Chapter #7 and #8 Due
Exam 2 – Chapters 5 – 8 and Flexible Budgets and
Mar 25th 9  
Performance Analysis
Flexible Budgets and Performance Analysis and
Apr 1st 9 & 10
Standard Costs and Variances
Apr 8th 13 Capital Budgeting Decisions Chapter #9 and #10 Due
th
Apr 15 12 Differential Analysis Chapter #13 Due
Chapter #11 and #12
Performance Measurement and Decentralized
Apr 22nd 11 Due
Operations

 4/26   Last Day of Class Cybertext Due on 4/26 

4/27 to 4/30   Reading Days  
5/1 to 5/8   Final Exams