Expand Our Managerial Accounting Courses
beyond Manufacturing
Other
20%
Givernment
19%
Employee Compensation
Finance and
Real Estate
8%
Manufacturing
17%
Education and
heatlh Care
10%
Trade
13%
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Contents
Jobs by industry/function
Acct roles and education
Scope of Mgmt Acct Intro course
Advanced topics for course
Advanced courses Mgmt Acct Program
Business
Services
13%
Paul H. Rosenthal
California State University, Los Angeles
Employment of All College Graduates
Production,
transportation, and
material moving
12%
Natural resources,
construction and
maintenance
9%
Managerial,
professional and
related
40%
(ACCT .8%, 1 M)
Sales and office
23%
Service
16%
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Orientation of Initial Business Courses
Technical Orientation*
• Financial Accounting
• Management Accounting – Manufacturing#
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Survey Courses
Economics (Micro & Macro)
Finance (Corporate)
Information Systems (Personal Computing)
Management (Functional & Behavioral)
Marketing
*Rotten Idea (less than 1/3 are Acct Majors)
# Rotten Idea (less than 1/5 will work in Mfg.)
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Why the 150 Hour CPA Program?
• Does SOX require Public Accountants to be Business
Consultants?
• Does SOX require Management Accountants to be
Business Consultants?
[80% of Accountants work in Management Accounting]
• Is the 150 hour program an attempt to continue
domination of CMAs by CPAs?
• Can an 120 hour program produce Business
Consulting qualified Management Accountants?
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Why the Answers are Important
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A Subject Matter View of Business Consulting
The English View of the 150 Hour Program
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CIMA Performance Pillar
(Scope of a Managerial Accounting Course: England View)
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An England Oriented Managerial Accounting Survey Course
(Adjusted to an American Managerial Accounting Course)
Strategic Level
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Management control systems
Risk and internal control
Review and audit of control systems
Management of financial risk
Risk and control in information systems
Num.
Of 1½ Hr.
Classes
1
1
1
1
1
Management Level
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Pricing and product decisions
Cost planning and analysis for competitive advantage
Budgeting and management control
Control and performance measurement of responsibility centers
Operational Level
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Cost accounting systems
Forecasting and budgeting techniques
Project appraisal
Dealing with uncertainty in analysis
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2
1
1
2
1
1
1
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A Managerial Accounting Survey Course
ACCT 202 Managerial Accounting (3)
A survey of management accounting roles and tools in various
industries and government. Development and use of operational
and strategic aspects of planning, operations, internal control,
and performance data.
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Following are some modern tools
for inclusion in such a course
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Project Related Breakeven Analysis
Investment Life Cycle ROI Analysis
40%
Return on Investment
20%
0%
0
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2
3
4
5
6
7
8
9
10
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-20%
Acct ROI
-40%
IRR
-60%
-80%
-100%
-120%
Time, years
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Evaluating Backup Approaches for a Data Center
(Using Satisficing oriented decision theory)
Feasibility Study
Interviewing for
Requirements
Decision approaches
using Non-Optimization
Methods
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Following are some
Advanced Management Accounting Courses*
to Replace current
Advanced Financial Accounting Courses
* From Alverno College, Milwaukee Wis.
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New Enterprise Accounting Issues
In this course, students will use their critical thinking
and problem-solving abilities to address accounting
and financial management issues for a small
business. These include using accounting
information for strategic planning, supporting
decisions, and performance measurement and
understanding the environment in which the
company operates.
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Reporting and Management Accounting Issues
As the business grows, the professional accountant
takes on an even greater role in decision support and
strategic decision-making. In this course students
apply their individual and interpersonal skills to deal
with more complex issues. They develop and use
management accounting information to provide
guidance to management on cost management
systems, variance analysis, capital budgeting, and
performance evaluation of responsibility centers.
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Growth and Expansion Accounting Issues
Students provide the accounting and financial
expertise needed to support the implementation of
global business decisions. They add unique value to
the management team by integrating liberal arts
learning and global perspective taking with their
accounting knowledge and expand this accounting
knowledge to include international accounting
standards.
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Going Public Accounting Issues
Students critically examine the accounting,
managerial, and social implications of taking a
business public. They address complex accounting
and reporting issues by integrating their accounting
knowledge with their citizenship abilities in an ever
widening circle of key stakeholders.
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Hopefully,
this presentation will help stimulate the modernization
of our management accounting introductory courses
and texts beyond manufacturing,
so that they reflect today’s current diverse accounting’s
analysis, information processing, and industrial
environments.
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