Fall 2022

COURSE OUTLINE
AFA 200 – Introductory Management Accounting
SECTIONS 041 & 051 with Dr. Liu

Table of Contents

Instructor Information ........................................................................................................... 2

Prerequisites ......................................................................................................................... 2
Undergraduate Calendar Description ..................................................................................... 2
Course Objectives .................................................................................................................. 2
Required Materials ................................................................................................................ 3
1. Textbook …………………………………………………………………………………………………………………………..3
2. Calculator ............................................................................................................................... 3
3. Internet Access ....................................................................................................................... 3
4. Microsoft Excel ……………………………………………………………………………………………………………….…3
Course Evaluation .................................................................................................................. 4
1. Homework Assignments (10%)…………………………………………………………………………………………..4
2. Midterm Exam (40%) ………..………………………………………………………………………………………..…….5
3. Final Exam (50%) ………..………………………………………………………………………………………………..…..5
Responsibility for Content ..................................................................................................... 5
Teaching Methods ................................................................................................................. 6
Email Communication ............................................................................................................ 7
Course Changes ..................................................................................................................... 7
Method of Posting Grades ..................................................................................................... 7
Regrading or Recalculation of Assessments ............................................................................ 7
Illness During An Assessment ................................................................................................. 8
Missed Examination Policy..................................................................................................... 8
What if you miss the midterm exam? ........................................................................................ 8
What if you miss the final exam? ............................................................................................... 9
Grading System ..................................................................................................................... 9
University Policies ............................................................................................................... 10

NOTE: You are responsible for having read this Course Outline and, by enrolling in the course,
you acknowledge that you understand and agree to all the policies stated within.

You are also responsible for having read the Weekly Schedule,
which can be downloaded from D2L Brightspace.
Instructor Information
Instructor Name: Guoping Liu, Ph.D., Full Professor of Accounting

Email: gliu@ryerson.ca

Office Hours & Locations: T.B.A.

Virtual – online through ZOOM (ZOOM link to be provided on D2L)

Class Times & Locations: Section 041 – Thursday 12pm-3pm @ VIC 205
Section 051 – Tuesday 9am-12pm @ ENG LG05

Prerequisites
AFA100 with a grade of C+ or higher.

Undergraduate Calendar Description

Management accounting focuses on analyzing, interpreting and communicating financial
information to internal users. Using managerial accounting, managers within an organization are
able to make well-informed and future oriented business decisions such as how to control costs
and maximize profit. In this course you will be introduced to a variety of management accounting
tools, such as budgeting, which are used to plan for future operations and evaluate past
performance.

Course Objectives
Upon completion of this course, you will be able to:
1. Identify cost behaviours in diverse organizations in the profit sector, the not-for-profit
sector, and the government (public) sector, and prepare cost-volume-profit analysis for
each type of organization.
2. Apply cost allocation techniques in each of the organization types, and explain how the
final cost determinations are used for decision-making purposes.
3. Understand when to use alternative costing techniques, such as job costing versus
process costing, and prepare reports using these alternative costing methods.
4. Prepare the basic components of a master budget, and use them for evaluation purposes.
5. Prepare a variance analysis, using information for the business and from end-of-period
activity reports.

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Required Materials
You are required to obtain the following resources before the start of
the first class.
1. Textbook:

Braun, Tietz, and Beaubien, Managerial Accounting, 4th Canadian

Edition with MyLab Accounting Access, Pearson Canada Inc.

You may purchase the eText with MyLab Access from the University Bookstore online through
https://campusstore.torontomu.ca/courselistbuilder
Choose “Fall 2022” and “ACC – Accounting” and then search for your course “AFA200”.

2. Calculator:

The School of Accounting and Finance has established the use of Texas Instruments BA II Plus
calculator for all AFA and Intermediate/Advanced ACC/CACC course assessments, including
quizzes, tests, midterms, and final exams.

If you use another calculator when writing any assessment, your calculator will be confiscated
and you will be required to write the assessment without the aid of a calculator. In addition, you
MAY be charged with ACADEMIC MISCONDUCT.

3. Internet Access:

D2L Brightspace is the course management system used by Toronto Metropolitan University
(TMU). You will be required to use the internet to access the content posted on D2L Brightspace:
https://my.ryerson.ca
NOTE: Instructions and policies posted on the D2L Brightspace site are an extension of the
Course Outline and, as such, must be adhered to.

You will also be required to use the internet for online homework assignments provided through
the Pearson MyLab Accounting system.

4. Microsoft Excel:

This course may use Microsoft Excel in solving exercises/problems. You should download and
install the most recent version of Microsoft Excel on your computer. Microsoft Excel and other
Microsoft Office 365 software are available free to TMU students. Please see following link for
how to download Office 365:
https://www.torontomu.ca/ccs/services/software/microsoft/#accordion-1596627770044-
office-365-education
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Course Evaluation
The overall grade in this course is composed of the grade in each of the following assessments:

Percentage
Evaluation Component Due Date
of Final Grade
Homework Assignments 10% See Weekly Schedule for due dates

Midterm Exam (3 hours) 40% Sunday, October 23rd, 13:00-16:00 (EST)

Location T.B.A
Final Exam (3 hours) 50% As scheduled during Final Exam period

TOTAL 100%

You must obtain a cumulative final grade of 49.5% or higher to pass this course as per University
Senate Policies. The cumulative final grade will be calculated based on the grades you receive on
each of the weighted components. You are required to obtain a cumulative final grade of 67%
or higher to continue forward with the School of Accounting & Finance program.

1. Homework Assignments (10%)

There will be twelve (12) on-line homework assignments. You will access the assignments on
the MyLab Accounting website, and your answers will be electronically graded. The Chapter
1 assignment is for practice only and will not be included in the calculation of your final grade.
There are eleven (11) remaining assignments. The best ten (10) out of the eleven (11)
assignments will be used to calculate your assignment grade, each representing 1% of the final
grade.

You have TWO (2) attempts to complete each part of the questions in the homework
assignments. The grade calculated will be the highest of the attempts. Students will be able
to review solutions after the due date of each homework assignment. There will be no
extensions or make-ups for missed assignments regardless of your reason for absence.
Missed homework assignments will receive a grade of zero.

Due date for each online homework assignment can be found in D2L Brightspace “Content” –
“Weekly Schedule”.

Instructions for MyLab Accounting registration and usage can be found in D2L Brightspace
“Content” – “MyLab Registration & Help”.

Learning Objective: Make you practice. Why? Learning requires repeat practice over time.

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2. Midterm Exam (40%)

There will be one 3-hour midterm exam, representing 40% of the final grade. The midterm
exam is scheduled on Sunday, October 23rd, 13:00-16:00 (EST). The midterm exam is paper
based, closed book and will be held in person.

The midterm exam will cover all the content included in textbook chapters 1, 2, 3, 4, 5, and 7,
together with related materials posted on D2L, whether or not the content is covered in class.
The midterm exam may include multiple-choice, short-answer, and problem-solving
questions.

Learning Objective: This is a summative assessment – an assessment of learning. It is a check

to see if you can apply existing knowledge to analyze and solve a problem in management
accounting.

3. Final Exam (50%)

There will be one 3-hour compulsory final exam, covering the complete course and
representing 50% of the final grade. The final exam will be scheduled by the University. The
final exam is paper based, closed book and will be held in person.

The final exam is cumulative, meaning that it will cover all the content (as indicated in the next
section titled “Responsibility for Content”) required for this course, whether or not the
content was covered in class. The final exam may include multiple-choice, short-answer, and
problem-solving questions.

Learning Objective: This is your final summative assessment – an assessment of learning. It

is a check to see if you can apply existing knowledge to analyze and solve a problem in
management accounting.

Responsibility for Content

All content listed in the table below is required for this course. You are responsible for the
content covered in class, materials contained in corresponding chapters, and additional
materials posted on D2L, whether or not it is covered in class. You are also responsible for all
announcements made in class, through the university Email System and on D2L Brightspace.

Chapter Content Chapter Appendix

1 Introduction to Managerial Accounting n/a
2 Building Blocks of Managerial Accounting n/a
3 Cost Behaviour Appx 3A: Required
Appx 3B: NOT Required
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 4 Cost-Volume-Profit Analysis n/a
5 Job Costing Appx 5A: Required
7 Activity-Based Costing n/a
8 Short-Term Business Decisions n/a
9 The Master Budget and Responsibility Accounting Appx 9A: Required
10 Flexible Budget and Standards Costs Appx 10A: Required
Absorption vs. Variable Costing:
Special* Appx 3A (from Chapter 3) & extra materials to be posted Appx 3A: Required
on D2L
12 Capital Investment Decisions and the Time Value of Appx 12A: Required
Money

Teaching Methods
This course will incorporate the following teaching/learning methods: assigned readings from
the textbook and additional D2L materials, lectures, discussions, solving exercises, and mini
cases.

You are required to attend each and every class on time during the academic term. You are also
expected to actively participate in all learning activities including problem solving, class and/or
group discussion, and case analysis. Your level of involvement and enthusiasm will be noted by
the professor.

You should be well prepared for each class in which you are present. It is your responsibility to
read the assigned textbook chapters and additional D2L materials, and attempt the required
Practice Questions before coming to a class. Lectures are utilized to highlight, understand, and
clarify key concepts, and example problems will be discussed and solved in class to apply these
concepts.

The class presentations and discussions are structured in a manner that ensures students have
the opportunity to review, reinforce and correct your understanding of the course content.
However, time constraints do not permit coverage of all topics at the same level of detail. You
are responsible for all the required content regardless of whether the material has been
covered in class. Especially, as no two problems are alike and each problem has some unique
aspects, it is important to understand all the required homework for this course, whether taken
up or not.

The weekly lab sessions are not mandatory, but you are strongly encouraged to attend. The
teaching assistant will cover required Practice Questions that are not taken up in class.

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Email Communication
You are required to activate and maintain a TMU e-mail account. Emails must be received from
your TMU e-mail account in order to receive a response from your professor. You are expected
to compose emails in a professional manner and include the course code AFA200 and Course
Section # in the subject line.

Your emails will be answered by your professor within three academic days (72 hours), Monday
to Friday, during regular business hours. Emails sent on the weekend will be responded to at the
beginning of the following week. Questions on course materials should be addressed in class or
during regular office hours.

Course Changes
Every effort will be made to manage the course as stated. However, adjustments may be
necessary during the term at the discretion of the professor. If so, you will be advised and
alterations will be explained in class prior to implementation. You may also be informed of
alterations through the university Email system and/or by announcements posted on D2L
Brightspace.

Method of Posting Grades

• Grade for each online homework assignment is available in the MyLab Accounting system
once the assignment is completed and submitted.
• Grade for the midterm exam will be posted on D2L Brightspace within two (2) weeks after
the midterm exam is written.
• Grade for the final exam will be posted on D2L Brightspace by the deadline set by the
University.
• If you do not wish to have your course grades posted on D2L Brightspace you must inform
your professor, in writing, before the end of 2nd class.
• Final course grades will only be provided by the Registrar's Office and will be available on the
web at my.torontomu.ca (RAMSS).
• Grades will not be e-mailed or faxed to students.

Regrading or Recalculation of Assessments

If you believe that an assessment has not been appropriately graded, or that there has been a
miscalculation of a grade due to an omission, improper addition, etc., you must contact your
professor to resolve the issues within 10 working days of the return of the graded assessment
to the class. These are not grounds for appeal, but are matters for discussion between you and
your professor. In the case of all written work, you must submit the reason/s for your
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assertions that your work was unfairly graded, in writing, stating where and why you believe
you were entitled to more marks. In marking cases, the case response as a whole is considered
and the marks are not necessarily assigned sentence by sentence.

Illness During an Assessment

If you decide to sit a quiz, midterm or the final exam when you feel unwell, you have made a
binding decision to write the assessment. If you choose to leave early due to your illness you will
not be permitted to write a make-up or appeal your grade even if you get a doctor's note.

The decision to sit a quiz, midterm, or final exam is irrevocable. If you are ill before a quiz,
midterm, or final exam, consider carefully as your decision is final once you sit down.

Missed Examination Policy

If you miss the midterm exam or the final exam, you must follow the Academic Consideration
requirements as stated in the University Senate Policies.

You must inform your professor of any situation that arises during the semester that may have
an adverse effect on your academic performance, and request any necessary considerations in
advance of the related assessment. Failure to do so will jeopardize any academic appeals.

Submission of the Academic Consideration form and all supporting documentation as required
does not relieve you of the responsibility to NOTIFY YOUR PROFESSOR of the problem as soon
as it arises, and to contact the professor again after the documents have been submitted in order
to make the appropriate arrangements.

If you do not have a justifiable reason for an absence and/or have not followed the procedure
described above, you will not be given credit or marks for the work missed during that absence.

What if you miss the midterm exam?

If you miss the midterm exam, you must do the following:

Inform your professor by e-mail prior to the midterm’s start time.

Submit the required completed forms as per the Academic Consideration requirements
within three (3) working days.
It is YOUR responsibility to arrange with the professor to write a make-up midterm at the
first available opportunity.
Only one (1) make-up date will be provided and you MUST write on the date scheduled
by your professor.
Make-ups will cover similar material as the original, but may be in a different format.

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What if you miss the final exam?

If you miss the final exam, you must do the following:

Inform your professor by e-mail prior to the final exam's start time.
Submit the required completed forms as per the Academic Consideration requirements
within three (3) working days.
If the documentation is approved, the professor will assign a grade of Incomplete (INC)
on RAMSS.
It is YOUR responsibility to arrange with the professor to write a make-up final exam at
the first available opportunity.
Only one (1) make-up date will be provided and you MUST write on the date scheduled
by your professor.
If you fail to do so you will receive a grade of ZERO on your final exam and a letter grade
of F in the course.
Make-ups will cover similar material as the original, but may be in a different format.

Grading System
The academic grading for evaluation of your performance will follow the established University
Senate Policies. The grading system is summarized below:

Definition Letter Grade Grade Point Conversion Range

A+ 4.33 90-100
Excellent A 4.00 85-89
A- 3.67 80-84
B+ 3.33 77-79
Good B 3.00 73-76
B- 2.67 70-72
C+ 2.33 67-69
Satisfactory C 2.00 63-66
C- 1.67 60-62
D+ 1.33 57-59
Marginal D 1.00 53-56
D- 0.67 50-52
Unsatisfactory F 0.00 0-49
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University Policies
You are required to adhere to all relevant university policies found in the online course shell in
D2L and/or on the following URL:
https://www.torontomu.ca/senate/course-outline-policies/

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