MBA 504 Managerial Accounting Tuesdays – 6:00-8:40pm – Pigott 203 Fall Quarter 2004 Schedule Professor David E. Tinius Pigott 510 Mondays & Wednesday, 6:10-8:10pm, or by appointment 296-5692 dtinius@seattleu.edu http://fac-staff.seattleu.edu/dtinius/ Text: James Jiambalvo, Managerial Accounting, Second Edition (John Wiley and Sons 2004) Course Objective: Managerial Accounting is concerned with information needed to effectively plan and control company operations and make good business decisions. The overall objective of this course is to provide you with the concepts and tools needed for planning, control, and decision-making. Relation to other disciplines: Managerial Accounting is linked to other disciplines. As you go through this course, think about linkages to your other areas of study. How does Strategy affect the choice of performance measures? How can accounting information support a Marketing plan that is based on meeting customer expectations for quality and delivery performance. How have recent trends in Operations Management affected the cost structure of firms and their break-even points? Will managers use the capital budgeting techniques discussed in Finance if they are evaluated in terms of accounting profit? I believe you will significantly enhance your understanding of both managerial accounting and your other areas of study by making the connections needed to answer these and other interesting questions. Grading: Homework Midterm exam Final Quizzes Total 10% 35% 45% 10% 100% Participation: A great deal of learning takes place when you articulate your views on issues, problems and cases. Thus, class participation is very beneficial (as well as expected!). I will routinely call on students to participate in the discussion of issues, problems, and cases. If you are not prepared to participate in a particular session, please contact me before class. Assignments: All assignments on the following pages should be completed before the start of the meeting indicated, except for our first meeting on September 28th. The case assignments, the text of which should be word-processed, will be collected and evaluated with respect to level of effort and accomplishment. Expectations: Working and studying together is encouraged, but individual students are expected to be the sole authors of the homework materials prepared and examinations taken for evaluation. The honesty code of the student handbook – http://seattleu.edu/regis/Policies/Policy_2004-01.htm -- will be the guide for any disciplinary action with respect to homework and testing. Learning Accounting: Accounting concepts are most effectively learned through problem solving. Completion of all the homework assignments will prepare you for success in this course. For your convenience the solutions to all of the homework, except for the cases to be handed in each session, are available to you at my website: http://facstaff.seattleu.edu/dtinius/ MBA 504 Syllabus 2004 Fall Quarter MBA 504 Assignment Schedule Fall Quarter 2004 September 28 — Class Organization and Introduction to Managerial Accounting There is no assignment for the first class. However, during the session, we will discuss and cover Chapter 1, concepts, including: • The goal of managerial accounting • How budgets are used in planning • How performance reports are used in control • What is meant by incremental analysis in decision-making • What is meant by "You get what you measure!" To become familiar with cost terminology, we will discuss the Case 1-1 Local 635, so please bring your textbook to the first meeting. We will cover as much of the remaining Chapter 1 material below as we have time for: Questions: 1, 8, 9 Exercises: 4, 15, 16 Problems: 1, 4 Case: 1-2 Herbert Plumbing Products Introduction to Chapter 2 October 5 — Manufacturing Costs and Job-Order Costing Systems Reading: Chapter 2 Self Assessment: Answer all Chapter 2 self assessment multiple choice questions and work through the solved review problem. Questions: 3, 4, 7, 8, 11 Exercises: 4, 12, 15 CD: Review all Chapter 2 CD materials Problems: 1, 4, 5, 15 Case: 2-1, Ethics case: Brixton Surgical Devices Introduction to Chapters 4 & 5 October 12 — Cost-Volume-Profit Analysis & Variable Costing Reading: Chapter 4: CVP Analysis Self Assessment: Answer all Chapter 4 self assessment multiple choice questions and work through the solved review problem. Questions: 4, 5, 14 Exercises: 6, 9, 12, 17, 19 CD: Review all Chapter 4 CD materials Problems: 2, 5, 7, 11 Cases : 4-2 Rothmueller Museum Reading: Chapter 5: Variable Costing, Read Only Introduction to Chapter 6 October 19 — Cost Allocation and Activity-Based Costing Reading: Chapter 6 Self Assessment: Answer all Chapter 6 self assessment multiple choice questions and work through the solved review problem. Questions: 1, 8, 9 Exercises: 5, 9, 12 CD: Review all Chapter 6 CD materials October 19 — Chapter 6, Cost Allocation and Activity-Based Costing, continued MBA 504 Syllabus 2004 Fall Quarter Problems: 1, 4, 7, and 9 Cases: 6-2, Eastside Medical Testing; 6-4, QuantumTM Introduction to Chapter 7, including the Appendix Quiz #1 – Chapters 1 through 5 October 26 — The Use of Cost Information in Management Decision Making Reading: Chapter 7 Self Assessment: Answer Chapter 7 self assessment multiple choice questions and work through the solved review problem. Questions: 1, 2, 3, 4 Exercises: 4, 5, 6, 7,15, 16 CD: Review all Chapter 7 CD materials Problems: 3, 4, 5, 10 Cases: 7-1, Primus Consulting Group; 7-2, Mayfield Software, VAM Introduction to Chapter 8 Midterm Review November 2 — Midterm Examination – Chapters 1 through 7 November 9 -– Pricing Decisions, Customer Profitability, Activity Based Pricing Reading: Chapter 8 Self Assessment: Answer Chapter 8 self assessment multiple choice questions and work through the solved review problem. Questions: 2, 3, 4 Exercises: 4, 5, 8, 9 CD: Review all Chapter 8 CD materials Problems: 2, 3, 6, 7 Case: 8-1, Preston Concrete Introduction to Chapter 9 November 16 — Capital Budgeting Decisions Reading: Chapter 9 Self Assessment: Answer all Chapter 9 self assessment multiple choice questions and work through the solved review problem. Questions: 4, 6, 8 Exercises: 11, 13, 15 Reading: Appendix A, Chapter 9 CD: Review all Chapter 9 CD materials Problems: 1, 2, 11, 12, 14, 15 Cases: 9-1, Juniper Packaging Solutions; 9-2, Sergo Games Introduction to Chapter 10 November 23 — Budgetary Planning and Control Reading: Chapter 10 Self Assessment: Answer all Chapter 10 self assessment multiple choice questions and work through the solved review problem. Questions: 1, 2, 10 Exercises: 5, 6, 10, 11, 17 November 23 — Chapter 10, Budgetary Planning and Control, continued CD: Review all Chapter 10 CD materials Problems: 1, 2, 3, 10, 12 MBA 504 Syllabus 2004 Fall Quarter Cases: 10-1, Columbus Park Waste Treatment Facility; 10-2, Abruzzi Olive Oil Company Introduction to Chapter 12 Quiz #2, Chapters 8 - 10 November 24-26 — Thanksgiving Holiday November 30 — Decentralization and Performance Evaluation Reading: Chapter 12 Self Assessment: Answer all Chapter 12 self assessment multiple choice questions and work through the solved review problem. Questions: 6, 7, 11, 12 Exercises: 6, 7, 11, 14 CD: Review all Chapter 12 CD material Problems: 6, 7, 8, 10, 11, 12 Case: 12-1, Mayfield Software, Packaged Software Division; 12-2, Super Club Stores Course Wrap Up, Review for the Final Exam December 7 – FINAL EXAM – Comprehensive – 6pm-7:50 pm