Acc 203 Mgt Accounting
Course description: An introduction to the process of gathering and analyzing accounting data for use by managers in planning, decision-making, and controlling. Topics include basic cost concepts, cost volume-profit relationships, relevant cost decisions, capital investment decisions, performance evaluation, and budgeting. The student uses spreadsheet software.
Required textbook: An Introduction to Management Accounting: A User Perspective, 2nd Edition by Werner and Jones
Instructional objectives: 1) To develop a conceptual and interpretative framework for understanding the use of cost information in managing an organization 2) To understand how quantitative and qualitative information can be used to improve organizational processes and inform decision making 3) To develop a familiarity with cost terminology 4) To develop skills in using spreadsheets to solve problems and make recommendations to management 5) To develop persuasive skills in making management presentations
Teaching procedure: This course combines classroom presentation of key chapter themes followed by in class individual and group work. In many ways this class organization resembles a lab in which students work on the topics with the guidance of the instructor. For each chapter the class will meet in a computer lab to work on the spreadsheet project and its accompanying memo. At the time we begin the spreadsheet application activity, the instructor will provide the instructions for the memo. All assignments are to be emailed.
Course topics and assignments:
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Unit Outline and Classroom Assignments |
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1. What is Management Accounting? Part One: Email Application Activities Think about where you work. Prepare a memo for me outlining the uses of financial and management accounting information where you work. (All memos are to be sent as attached email files). Part Two: Chapter Assignment and Homework Problems Read chapter one in Jones, Werner, Terrell, and Terrell Part One: Email Application Activities Think about where you work. Prepare a memo for me identifying a cost object and then outlining examples of direct and indirect costs. Think about where you work. Identify whether you work for a merchandizing company, a manufacturing company, a service company, or a combination. Next prepare a memo for me outlining the flow of costs. Part Two: Chapter Assignment and Homework Problems Read chapter two in Jones, Werner, Terrell, and Terrell. Home work: 2-14, 2-22, 2-28, 2-30, 2-32, 2-35 Part Three: Spreadsheet Application Activities 2-34 3. Introduction to Product Costing Part One: Email Application Activities Identify two manufacturing companies in Western Massachusetts, one using job order costing and the other process costing. Justify your selection. Part Two: Chapter Assignment and Homework Problems Read chapter three in Jones, Werner, Terrell, and Terrell. Home work: 3-9, 3-13, 3-16, 3-23, 3-33, 3-37 Part Three: Spreadsheet Application Activities 3-20, 3-40 4. Cost Allocation and Activity Based Costing Part One: Email Application Activities Follow this link to see how a BIC pen is manufactured . http://www.bicworld.com/inter_us/stationery/how_is_made/index.asp Next write a memo explaining why ABC can be helpful to BIC. Part Two: Chapter Assignment and Homework Problems Read chapter four Jones, Werner, Terrell, and Terrell. Homework: 4-6, 4-10 Part Three: Spreadsheet Application Activities 4-8 Part One: Email Application Activities Think about where you work. Identify examples of fixed costs and variable costs? Part Two: Chapter Assignment and Homework Problems Read chapter four in Jones, Werner, Terrell, and Terrell. Home work: 5-17, 5-19, 5-24, 5-26, 5-35 Part Three: Spreadsheet Application Activities 5-37 6. Business Decisions Using Cost Behavior Part One: Email Application Activities Think about where you work. Prepare a memo for me outlining how CVP and breakeven analysis might be useful. Part Two: Chapter Assignment and Homework Problems Read chapter five in Jones, Werner, Terrell, and Terrell. Homework: 6-16, 6-20, 6-23, 6-28, 6-32, 6-34, 6-36, 6-39, 6-42, 6-45 Part Three: Spreadsheet Application Activities 6-52 7. Making Decisions using Relevant Information Part One: Email Application Activities Think about where you work. Prepare a memo for me identifying a business decision. How was the decision made? What were some of the qualitative and quantitative factors considered? Part Two: Chapter Assignment and Homework Problems Read chapter seven in Jones, Werner, Terrell, and Terrell. Homework: 7-14, 7-17, 7-22, 7-24, 7-26, 7-28, 7-33, 7-36, 7-38, 7-42, 7-49 Part Three: Spreadsheet Application Activities 7-51 Part One: Email Application Activities Inquire where you work. Prepare a memo for me outlining how capital investment decisions made? What techniques are used? What suggestions would you make for improvement, if any? Part Two: Chapter Assignment and Homework Problems Read chapter eight in Jones, Werner, Terrell, and Terrell. Home work: 8-18, 8-23, 8-25, 8-27, 8-31, 8-35, 8-38, 8-40, 8-43, 8-48, 8-55, 8-57, Part Three: Spreadsheet Application Activities 8-52 Part One: Email Application Activities Think about where you work. Prepare a memo for me outlining the annual budget process (who is involved, time line, budget guidelines). What suggestions would you make for improvement, if any? Part Two: Chapter Assignment and Homework Problems Read chapter nine in Jones, Werner, Terrell, and Terrell. Home work: 9-27, 9-33, 9-34, 9-37, 9-44, 9-46, 9-59, 9-61
Part Three: Spreadsheet Application Activities 9-68 10. Standard Costs and Variance Analysis Part One: Email Application Activities Inquire were you work. Prepare a memo for me outlining the use of variance analysis and standard cost systems. Part Two: Chapter Assignment and Homework Problems Read chapter ten in Jones, Werner, Terrell, and Terrell. Home work: 10-16, 10-19, 10-26, 10-29, 10-37, 10-40, 10-42, 10-46, 10-58 Part Three: Spreadsheet Application Activities 10-66 Part One: Email Application Activities Think about where you work. Prepare a balanced scorecard following the model on page 373 of your textbook. Part Two: Chapter Assignment and Homework Problems Read chapter eleven in Jones, Werner, Terrell, and Terrell. Home work: 11-22, 11-32, 11-38 Part Three: Spreadsheet Application Activities 11-25 |
Tentative Test/assignment schedule: For each chapter there will be an in class test, email application activity, and a spreadsheet with accompanying memo. On average there will be a test every two weeks. There are no due dates for the email application activities or spreadsheets. However, the student is advised to submit the work in a timely fashion so that corrections may be made and the work resubmitted if necessary. All emails and spreadsheet activities are due the last day of class.
Basis for Student grading: Chapter tests are weighted 34% of the grade. In class tests may be made-up if arrangements are made with the instructor. In the case of illness, the student must make arrangements with the instructor to make-up the test upon his or her return to class. Email assignments are weighted 33% of the grade and the spreadsheet activities are weighted 33% of the grade.
Attendance policy: The student is expected to be in class on time. Although there is no penalty to the student for missing classes or being late, the student may discover that missing classes or being late will jeopardize their learning experience as well as being disruptive to the class members.
Special needs: If you have any learning disability or any other special needs or requests, please make an appointment with me as soon as possible so that we can discuss any assistance that would be helpful.
