Management AccountingModule syllabusUnit Name: Management AccountingUnit Code: ACCT 103Credits: 31. Unit descriptionThis course tends to train the students for fundamental skills in management accounting, accompanies with the applications in management decision making, devising planning and performance management. You will be expected to develop the expertise in financial reporting and control to assist management in theformulation and implementation of an organization's strategyOn the completion of the course, you will become familiar with the basic terminology of management accounting. You will be exposed to the contemporary enterprises management accounting practice to enhance the problems-solving ability.On successful completion of the module, learners will be able to:●Explain the key theories of Management accounting, such ascost-volume-profit analysis, performance evaluation, etc.●Apply the basic theories of management accounting to solve the practicalproblems of enterprises differentiation analysis and product pricing in particular.●Be familiar with the modeling the organization's costs based on therelationship between the inputs and outputs of the resources involved in the production of products and services it provides.●Use inductive and deductive reasoning about past and future outcomes forcontinuous optimization efforts in management.2. Pre-requisite units and assumed knowledgeThe courses of Principles of Accounting and Cost Accounting3. Learning outcomesLearning outcome 1Explain the basic knowledge about the management accounting.ASSESSMENT CRITERIA:a. Classify costs as variable costs, fixed costs, and mixed costsb. Compute the contribution margin, the contribution margin ratio, and the unitcontribution margin.c. Determine the break-even point and sales pitch necessary to achieve a targetprofit.Learning outcome 2Make tactical decisions and determine the selling price of a product for a manufacturing companyASSESSMENT CRITERIA:a. Make tactical decisions for a manufacturing company in a variety of businesssituations.b. Determine the selling price of a product, using the concept of total costs, productcosts, and variable costs.c. Compute the relative profitability of products in bottleneck production processes.Learning outcome 3Prepare master budget and responsibility accounting report for a manufacturing company .ASSESSMENT CRITERIA:a. Prepare the basic income statement budgets for a manufacturing company.b. Prepare balance sheet budgets for a manufacturing company.c. Compute and interpret direct materials variances, direct labor variances, factoryoverhead controllable and volume variances.d. Compute and interpret the rate of return on investment, the residual income, andthe balanced scorecard for an investment center.4. Teaching methodsLectures, discussions, case study, presentations, etc.5. Weight of final gradeGrades will be assigned on the basis of the following percentages:6. GradingThe University has had a uniform grading policy based on 100-point scale. The conversion of 100-point grades into A-F scale is as follows.100-90 = A; 89-80 = B; 79-70 = C; 69-60 = D; 59-50 = F.7. PoliciesAttendance PolicyAttendance in class is mandatory for all students enrolled in the course. Any excused absence must be discussed directly with the teacher. Being late to class within 15 minutes will be recorded as 1 LATE and being late over 15 minutes will be recorded as 1 ABSENCE. 3 LATES equal to 1 ABSENCE. 20% absences of the total teaching hours will cause an F (a failing grade) directly. However, students are still welcome to continue to attend class. F students have no right to drop this course anymore. Each unexcused absence will result in the lowering of the attendance grade by 1 point. Each excused absence will result in the lowering of the attendance grade by 0.5 point.Participation PolicyStudents should participate in their chosen classes actively and effectively. The Participation Grade is related to the Attendance Grade. Students’ final attendance grade is the maximum of their participation grade.Participation grade will be based on a variety of factors including, but not limited to taking part in class discussions and activities, completing assignments, being able to answer questions correctly, obeying class rules, and being prepared for class, frequent visiting your instructors and chatting in English during their office hours is highly recommended.Policy on Assignments and QuizzesStudents should finish their assignments completely and punctually. Assignment should be submitted on the date appointed by the instructor. If a student cannot hand in the assignment on time, the reasonable excuse will be needed. Late assignments will receive a maximum grade of 80. An assignment that is late for 3 days will be corrected but receive 0.Students should finish the assignment in the uniform format in hand written or printed ones.Students should finish the assignment independently with no cheating.Students should keep all their paper assignment and hands them to the teacher atthe ending of the semester.PlagiarismAny form of cheating is NEVER tolerated. Any student ONCE caught cheating ona quiz, assignment or examination will receive a 0 for that particular work of thewhole semester. At the beginning of the semester the definition of plagiarism will be carefully explained. When any thoughts or writings of another person are used, the sources must be clearly identified (using quotes, bibliography and giving reference).Classroom Policies●No eating, cellular phones, smoking, chatting or drowsing in class. Studentsshould turn off their cellular phones before the class.●Students are not allowed to attend class without textbooks.●Respect classmates’ ideas, opinions, and questions of your classmates.●Please speak in English as possible as you can.●Students should do the assignment in English.8. Texts and other recoursesThe primary textbook:James M．Reeve (2011), Principles of Accounting (Twenty-Third Edition), 23th edition, Renmin University PressThe supplementary textbook:Anthony A.Atkinson,Robert S.Kaplan (2013), Management Accounting, 6th edition, Tsinghua University Press9. Teaching methodsLectures, Discussions and Homework10. Session Plan。