Introduction to Managerial Accounting
ACG 2071; Spring 2006
Instructor: Professor Haijin Lin
TR, period 1 and 2 (7:25-9:20) or 3 and 4 (9:35-11:30)
Office Hour: W periods 5 and 6@GER 115
Classroom: NRN 0137
Course website: http://bear.cba.ufl.edu/lin/acg2071/
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Course Objective : this course gives an overview of how accounting information is used in the
management of an organization. The course focuses on three areas: (1) product costing; (2) use of
accounting information in decision making; and (3) use of accounting information in management
performance evaluation.
Prerequisite: ACG 2021C
Required Materials: Demski, Joel, Managerial Uses of Accounting Information (Kluwer Academic
Publishers, 1997 or 2001, paperback); ISBN: 0-7923-9847-5. All other materials will be made available
on the class website.
Laptop: To facilitate your study, a laptop is strongly recommended for the course. Laptops will be
allowed during both exams.
Course Routine : Lectures are offered on Tuesdays and Thursdays. There are readings and problems
assigned for each lecture. Both readings and problems should be completed prior to the respective lecture.
Evaluation: The course grade is based on homework, midterm exam, and final exam. Your final grade
will be approximately determined as follows:
Homework:
15%
Midterm exam: 35%
Final Exam:
50%
Total
100%
A subset of the assignment will be randomly collected every week as indicated in the schedule . You are
required to prepare your answer to each problem in separate sheet. No late submission will be accepted.
Both midterm and final exams are scheduled at times and locations set aside by the University, and have
priority over regular classes and exams scheduled at the same times. There should be little, if any, reason
for a valid conflict with these times. Each student is responsible to be present at these exams. If you feel
you have a valid conflict, notify Professor Lin, in person and in writing, at least 10 days before the exam
date.
Both exams are closed-book and closed-note exams. There will be no make-up midterm exam. If you
miss the midterm and if you notify Professor Lin based on the “10-day”rule and get permission, the
weight on the midterm would be transferred to the final exam. Otherwise, zero will be properly given as
the midterm score.
At the discretion of the instructor , an incomplete grade of “I” may be recorded for a student who (1)
misses the final exam; (2) is in good standing prior to the final exam; and (3) provides a valid and welldocumented excuse for missing the final exam 10 days before the exam date . Any such incomplete can be
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resolved only by taking the make-up exam under Professor Lin’s administration. Failure to so will lead to
a zero on the final exam and a failing grade for the course.
The official University of Florida all-in-one photo identification card must be presented at both exams
with no exception.
Getting Assistance: The course is fast-paced and serious. Attending lectures is necessary. Keeping up
with assigned readings and assigned problems are essential. Your primary contact for assistant on the
course is the TA, Ms. Liang Fu (liang.fu@cba.ufl.edu). Ms. Fu’s office hour will be announced (in class).
The primary grader for the course is Mr. Michael Pensky (heypensk@ufl.edu). If you have difficulty with
the material, you should seek help during the office hours or before/after the lectures.
Academic Integrity: A scholarly community such as the University of Florida depends on openness,
mutual respect and honesty. The University’s Honor Code applies in all matters, and will be enforced
without limit or exception. Those who cannot abide by the Honor Code are simply not welcome. See
http://itl.chem.ufl.edu/honor.html.
Tentative schedule: Professor Lin reserves the discretion to change the schedule when it is appropriate.
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Date
Topic
Class Preparations
Part I: introduction— economic theory, GAAP influence, and managerial behavior
L1
01/10T
Introduction and Preliminaries
L2
01/12R
Financial Reporting Influences
Reading: preface, chapter 1, chapter 3
3-8
L3
01/17T
Economic theory of firm
Reading: chapter 2: p9-p20
2-3, 2-8
01/17T
Assignment 1 is due.
L4
01/19R
Multiproduct I
Reading: chapter 2: p20-p28
L5
01/24T
Multiproduct II
2-13
01/24T
L6
01/26R
Assignment 2 is due.
Economic rationality
Reading: chapter 4: p57-p66
4-6
L7
01/31T
Information
Reading: chapter 4: p66-p72
4-11, 4-14, 4-15
01/31T
Assignment 3 is due.
Part II: the art of product costing
L8
02/02R
Product costing I
Reading: chapter 5
5-1
L9
02/07T
Product costing II
02/07T
5-7, 5-11
Assignment 4 is due.
L10
02/09R
Normal costing
Reading: chapter 6: p107-120
L11
02/14T
Variable costing
Reading: chapter 6: p120-128
02/14T
L12
02/16R
Assignment 5 is due.
Standard costing
Reading: chapter 7: p135-138, p146-149
7-6
L13
02/21T
The art of product costing I
02/21T
L14
02/23R
02/27M
Silly Ralph
Assignment 6 is due.
The art of product costing II
Ralph’s cost
Midterm (8:30pm-10:00pm)
L15
02/28T
Midterm postmortem
L16
03/02R
More on product costing
Reading: chapter 8: p169-p176; chapter
10: p231-p240
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Part III: managerial use of accounting information and performance evaluation
L17
03/07T
Framing I
Reading: chapter 11: p259-p275
11-2, 11-3, 11-11
L18
03/09R
Framing II
Reading: chapter 12: p281-287
Ralph’s Framing problem
03/09R
L19
03/21T
Assignment 7 is due.
Data analysis I
Reading: chapter 13: p307-p331
13-3
L20
03/23R
Data analysis II
03/23R
L21
03/28T
13-8, 13-10
Assignment 8 is due.
Short-run decision
Reading: chapter 14
14-6, 14-7
L22
03/30R
Long-run decision
Reading: chapter 15
15-4
03/30R
Assignment 9 is due.
L23
04/04T
Large versus small
L24
04/06R
Competitive response
15-8, 15-9
Reading: chapter 16
16-17
04/06R
L25
04/11T
Assignment 10 is due.
Performance Evaluation I
Reading: chapter 17: p431-p435
17-4
L26
04/13R
Performance Evaluation II
Reading: chapter 18
18-7
04/13R
Assignment 11 is due.
L27
04/18T
Optimal contract
L28
04/20R
Controllability
18-15
Reading: chapter 19
19-3, 19-4
04/20R
L29
04/25T
Assignment 12 is due.
Concluding Remark
Reading: chapter 1 and chapter 24
Ralph’s Wrap up
04/29S
Final Exam (3:00pm-4:30pm)
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