ACCOUNTING 5214
Advanced Strategic Cost Management
Spring Semester 2014
Instructor: Killough
Phone:
231-6542
Office:
3082 Pamplin
Office Hours:
1:00-3:00 M.W.
Email:
larry@vt.edu
Course Materials:
Recent Cost Accounting Text may be useful—not required.
The Goal, Goldratt (Must Read)
Various articles will be assigned. Article copies are the
responsibility of the student.
You may be responsible for purchasing several cases (About
three around $5.00 per copy). Should you have a problem with
this, please let me know. In addition to the possible purchases,
other cases will be provided free.
Course Objective:
To examine important areas in traditional management
accounting and the increasingly important cost management area.
The course will tend to emphasize cost management’s role in the
organization and how it is changing.
Grading Policies:
Course activities will likely be weighted as follows, although
minor changes may be made at the discretion of the instructor.
1. Quizzes
2. Cases, problems, notes, group
3. Cases, problems, notes, individual
4. Final Project, paper and/or exam
5. Participation, summary notes
20
20
30
20
10
HONOR SYSTEM USED IN COURSE
Papers:
A semester paper MAY be required. If required the paper will be
based on your readings about an assigned topic. Of particular
importance in the paper is your assessment of the incremental
value provided by the area. The paper should at least ten pages
not including cover sheet, charts/tables, and references.
Summary notes will be required for some topics. You are
required to summarize the IMPORTANT points from the
assignment. Notes should be about three pages. Subject and
student name should be at the top of the first page.
Class Schedule*
January 21-23
DISCUSSION ABOUT SEMESTER REQUIREMENTS
January 28
The Evolution of Management Accounting
Robert Kaplan. The Accounting Review, July 1984, p. 390-418.
One additional paper providing a general background/definition of
management accounting to be found by you and summarized as a
Note.
February 4---February 20
COST BEHAVIOR AND ESTIMATION
Problem material will be distributed in class or will be available on
Scholar.
Greenlawn Commercial Package Business
Majestic Lodge
Zauner Ornaments (Assignment Question 1, Regression)
Quiz
February 25-----March 4
COST ALLOCATION
Problem material and article on Scholar
Wendy’s Chili Case
Brown, Robert M. and Killough, Larry N., “How PCs Can Solve the
Cost Allocation Problem,” Management Accounting, November
1988, pp. 34-38. (If you are not familiar with the matrix approach,
this article will help.)
Note on Management Outsourcing Decisions
March 8--March 16
SPRING BREAK
March 8—March 27
ACTIVITY BASED COSTING & SIMILAR SYSTEMS
Handout material
Destin (Also material from Cases from MAP)
Zauner Ornaments
Note comparing ABC with German Cost Accounting
Quiz on cost allocation and ABC
April 1—April 8
MANAGEMENT ACCOUNTING CONTROL TOPICS
Handout material
Also chapters in cost text
Quiz
Note on a Management Control Topic
April 10—April 17
THE GOAL—THEORY OF CONSTRAINTS
NOTE ON YOUR PERSONAL AND PROFESSIONAL GOALS
QUIZ
April 22—April 24
LEAN ACCOUNTING AND OTHER RELATED MATERIAL
Lean Accounting Handout
Case Material
April 29—May 1
ACCOUNTING AND BUSINESS ETHICS
May 6
COMPREHENSIVE CASES OR EXAM HANDOUT
May 8
READING DAY
May 8
FIELD TRIP (TENTATIVE)
* Dates and topics are tentative.