MGP 200B – Managerial Accounting - UC Davis Graduate School of

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UNIVERSITY OF CALIFORNIA, DAVIS
GRADUATE SCHOOL OF MANAGEMENT
Mgt 200 B
Managerial Accounting
Professor Michael W. Maher
Office: 132 AOB IV
Office hours: Before and after class
530-752-7034
[email protected]
http://www.gsm.ucdavis.edu/Faculty/index.aspx?id=580
This course in financial management deals with generating and using information to increase an
organization’s value. We emphasize management of financial resources and the use of financial
information for management decision-making.
Course materials
Textbook: Chapters from Cost Management,4e available as a Primus publication.
(Please bring your textbook to class.)
Grading
1. Exams (90%). You will be graded based on your performance on the best three of the four exams
given in the course. You may bring one page (one side, 8.5 x 11 inch sheet) of your notes to each of
your exams. The page of notes may (and probably should) be different for each exam.
2. Written assignments to be turned in (10%). On the schedule below, you will see both homework
problems and cases to be turned in. For example, for session 2, you will see “Work exercises 2.38, 2.44 and
problem 2.57. Turn in solution to Case 2.76.” I want you to work exercises 2.38 and 2.44 and problems 2.57 on
your own. They are assigned to reinforce key concepts from the text. You do not turn in 2.38, 2.44 and
2.57, but you can check your answers to them with the spreadsheet solutions that I have placed on
SmartSite. These spreadsheet solutions are organized by chapter. I do want you to turn in your solution
to Case 2.76 and be prepared to discuss it in class. (It would be a good idea to keep a copy of the case
for the class discussion.) The cases that I want you to turn in are indicated on the assignment schedule
below and are printed in italics.
Cases turned in late are penalized 50%. A case is late if it is turned in after the beginning of class (except
for the cases that are indicated to be worked in class—see Session 1, for example). If you use Excel to
work your cases to be turned in, then please hand in a hard copy of assignments or embed the Excel
spreadsheet in a Word document. (I require this because of formatting problems with Excel. Thank you.)
Note that I have placed spreadsheet solutions to many problems in the book that I have not assigned. If
you want to work more problems than assigned, check for problems with solutions on SmartSite. Those
would be good extra practice problems.
ASSIGNMENTS
Detailed Topics and work in class
I. Setting the Strategic Foundation
A. Nature of managerial accounting
Assignment*
Session 1
PM
B.
Work Cases 1.42 and 1.45 in class and turn
them in.
Session 2
(July 18)
AM
C. Basics of cost flows through accounts
Session 2
PM
D. Product costing—jobs and batches
Session
Session 1
(June 27)
AM
Session 3
(Aug 1)
AM
Session 3
PM
Session 4
(Aug 15)
AM
Fundamental cost and margin concepts
II. Activity Based Costing and
Management
Exam # 1 over Chapters 1 through 3 and
Sessions 1 and 2.
A.
Activity based costing
B.
Activity based management
Read Ch. 1, Cost management and
strategic decision making
Read Ch. 2, Product costing systems;
concepts and design issues
Work exercises 2.38, 2.44 and problem
2.57.
Turn in solution to Case 2.76.
Read Ch. 3, Cost accumulation for job shop
and batch production operations pp. 92101, and pp. 114-121.
Work exercise 3.30 and problem 3.57.
Turn in solution to Case 3.64.
Activity-based costing will be discussed in
class.
Read Ch. 5, Activity-based management.
Work problems 5.42 and 5.50.
Turn in solution to Case 5.54.
III. Financial Modeling and Decision
Making
Exam #2 over Chapters 1-3, 5 and 12 and
Sessions 1-3.
A.
Financial modeling
Read Ch. 12, Financial and CVP models,
pp. 466-481.
Work problems 12.46 and 12.50.
Session 4
PM
B.
Decision making
Read Ch. 13, Cost management and
decision making
Work problems 13.48, 13.50 and 13.59.
C.
Strategic issues in making investment
decisions
Read Ch. 14, Strategic issues in making
investment decisions, pp. 560-569 and
587-589. (Skim the discounted cash flow
section on pages 569 – 580 if you need to
refresh your memory from Finance class.)
Work exercises 14.55, 14.57 and 14.58.
I shall hand out a comprehensive case
study that we will work in class and you will
turn in. This case study will cover
Chapters 12, 13 and 14.
IV. Planning, cost analysis and
ethical issues
Session 5
(Aug 29)
AM
Session 5
PM
Exam #3 over Chapters 1-3, 5,12-14 and
Sessions 1- 4.
Read Ch. 15, Budgeting and financial
planning
A.
Profit planning
Work problem 15.47.
B.
Standard costing and variance
analysis
Read Ch. 16, Standard costing, variance
analysis and Kaizen costing. Skip pages
678 and 679, which deal with journal
entries.
Work problems16.37. 16.41, 16.40 and
16.43.
C.
Ethical issues: Financial fraud
Exam # 4 over the entire class
*Only items in italics are to be handed in. The other problems are assigned to help you learn the material,
but not to be handed in.
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