course syllabus
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m o d e l
instructor version
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MBA 601
Managerial Accounting
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Benedictine Hallmarks 2011-2012
STABILITY  STEWARDSHIP
IDEA
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course syllabus
Addresses the educational
needs of adult students by
developing and providing
engaging, relevant and
accelerated programs.
blended model
MBA 601
Enhances scholarship,
leadership skills, social
responsibility, and promotes
life-long learning.
Provides high-quality, easily
accessible educational
opportunities for adult
learners.
Enables adults to earn
specific undergraduate and
graduate degrees while
maintaining their personal and
professional commitments.
Managerial Accounting
instructor version
Develops new degree and
non-degree programs that
address the expressed needs of
the professional community.
content links index
about this document
about Moser College
about blended learning
hallmarks of a Benedictine education
student expectations
attendance policy
financial aid
submission of work
library resources
services for students with disabilities
Academic Honesty Policy
APA formatting and style
netiquette
course overview
required textbooks
grading scale
IDEA objectives
IDEA description
learning outcomes
course schedule
Moser College Mission
Statement: Moser College
embodies the values of respect,
excellence, collaboration, and
professionalism. We are
committed to delivering
innovative and dynamic
programs designed for adult
students who are dedicated to
enhancing their professional,
local, and global communities.
Moser College Vision
Statement: To be one of the
premier university colleges in
the nation.
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience
Discipline  Humility  Stewardship  Hospitality  Community
Benedictine
University
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about
expectations
Margaret and Harold Moser Center
1832 Centre Point Circle
Naperville, IL 60563
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course
overview
learning
outcomes
Phone: (630)schedule
829-6289&
IDEA
sessions
Fax: (630) 829-1375
moser college mission and vision
2
Content Links
MBA 601 | Managerial Accounting
About Your Program at Benedictine University – Moser College
About This Document
This is a hypermedia document – it has been built to mimic navigation on the
web. This document can also be viewed as a presentation or it can be printed
like a traditional document. We use this sort of document because it allows for
navigation links (hyperlinks) to text, graphics, audio/video, and the web. This
type of document also allows you to navigate in a nontraditional, nonlinear way
– by following the page links you are not bound to read or flip through the
document in any sort of order. This is yet another example of Moser College’s
commitment to advancements in technology and blended learning.
About Moser College
The Moser College of Adult & Professional Studies delivers its curricular
programs in a specifically designed structure deliberately oriented for working,
adult learners. The Moser College is committed to providing a learning
environment which extends beyond the classroom and is designed specifically
to meet the needs of its students and their employers by bringing a quality
educational experience without requiring the student to relocate or travel
extensively beyond their home area. Benedictine University's Moser College of
Adult & Professional Studies is fully accredited by the Higher Learning
Commission of the North Central Association of Colleges and Schools*.
* web path
Benedictine Univ
Academic Programs
Moser College
About Blended Learning
Blended learning is the integration of different learning environments: mainly the
online format with the face-to-face format, but may also include mobile learning.
Blended learning, also referred to as hybrid learning, relies on both the advantages
of digital/technology innovation and the methods of face-to-face instruction. At
Moser College, we use blended learning by combining asynchronous online
classroom sessions with a face-to-face classroom environment. We alternate
between the online session and the face-to-face session in 5-week courses, with
the A session being face-to-face and the B session being online.
hallmarks of a Benedictine Education:
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3
About
MBA 601 | Managerial Accounting
The Ten Hallmarks of a Benedictine Education
A Benedictine Education
Based on the Rules of Saint Benedict, a Benedictine
Education is based on the Benedictine Wisdom
Tradition that sets as its goals the transformation of the
Human mind AND Heart and has at its foundation “The
Ten Hallmarks of a Benedictine Education”.
The Ten Hallmarks
Each academic year Moser College will be celebrating
two of the Hallmarks. This academic year 2011-2012,
the Hallmarks Stability and Stewardship have been
chosen. The ten hallmarks are:
1. Love of Christ and Neighbor
2. Prayer: a Life marked by liturgy, lection and
Mindfulness
3. Stability: commitment to the daily life of this place,
its heritage and tradition
4. Conversatio: the way of formation and
transformation
5. Obedience: a commitment to listening and
consequent action
6. Discipline: a way toward learning and freedom
7. Humility: knowledge of self in relation to God,
others and creation
8. Stewardship: responsible use of creation, culture
and the arts
9. Hospitality: openness to others
10. Community: call to serve the common good
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Portrait (1926) by Herman Nieg
(1849–1928); Heiligenkreuz Abbey, Austria
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
4
Hallmarks
MBA 601 | Managerial Accounting
Student Expectations
Expectations of Students
In order to get the maximum use of the time available, it is expected that you
will:
•
Read the material to be covered in the class and complete required
assignments prior to attending the class/session;
•
Arrive/login to class/session prepared to participate actively;
•
Be prepared to actively participate in the collaborative activities of each
class/session; and
•
Always feel free to seek additional help from the instructor when the need
arises.
Attendance Policy
Students may not miss more than 25% of the live classroom sessions. Doing so
will result in an F for the course.
financial aid information
Submission of Work
All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor.
Assignments must be submitted by due date. Any assigned work submitted late for any unexcused
reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L.
In the event that you miss an examination for due cause, arrangements must be made with the
instructor for a make-up examination. Important criteria concerning the submission of work:
•
Make-up examinations may differ from the original class examination.
•
Per University policy, assignments cannot be accepted by an instructor after the last day of the course.
•
Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes.
information concerning netiquette:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
5
Expectations
MBA 601 | Managerial Accounting
Financial Aid Information
Applying for Financial Aid
A college education is one of the largest financial investments a family will make. We believe that an education
from Benedictine University will provide valuable returns throughout a student's lifetime. The Office of Financial
Aid is dedicated to helping students and their families make a Benedictine University education affordable. We
view the process of financing an education as a partnership. Although the student and his/her family have primary
responsibility for meeting college costs, Benedictine University, as well as the federal and state governments have
a variety of financial aid programs available to students who need financial assistance.
Types of Financial Aid
Benedictine University's Office of Financial Aid administers a variety of federal, state
and institutional programs of student financial assistance. All financial aid recipients
must maintain satisfactory academic progress in accordance with the published,
"Satisfactory Academic Progress Policy for Financial Aid Recipients.“
•
After completing the financial aid application process, the student will receive a
financial aid award notification letter. The award letter will include the
program(s) that the student is eligible to receive and the award amount(s).
•
Grants/Scholarships - Grants and scholarships are considered to be gift
assistance. This means the awards do not have to be repaid.
•
Loans - Loans are considered to be a form of self-help assistance. Loan programs
provide funds for educational purposes and are paid back with interest.
•
Employment - Part-time jobs on campus are available to students through the
University and Federal Work-Study program. Students working on campus
receive a bi-weekly paycheck.
•
Applying for Financial Aid – All students applying for financial aid are asked to
complete the Free Application for Federal Student Aid (FAFSA).
FAFSA – Free Application for Federal Student Aid
The FAFSA is required for all federal, state (Illinois residents) and Benedictine University need-based assistance.
It should be completed as soon as possible after January 1st. Applying online with FAFSA on the Web at
www.fafsa.gov is faster and easier than using a paper FAFSA. Have your completed U.S. Federal Income Tax
returns readily available when completing the FAFSA. Include Benedictine University's school code:
001767 so the results of your FAFSA application will automatically be sent to our financial aid office. Sign you
FAFSA with a Federal Student Aid PIN. Apply for a PIN at www.pin.ed.gov. If you are providing parent
information, one parent must also sign you FAFSA.
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
6
Financial Aid
MBA 601 | Managerial Accounting
About Netiquette
What is Netiquette?
"Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online
experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about
courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with
one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and
other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you
would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well.
Netiquette Basics
1. Follow the Golden Rule (“One should treat others as one would like others to treat oneself”)
2. Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice
3. Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may
not be appropriate in a classroom or in an online conversation with an instructor
4. Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing
links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs
and headers and 6) limiting your use of attachments
5. Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier
for the poster, but it is not easier for the reader
Inappropriate Online Usage
1. Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often
online then in face-to-face interaction, because there is an illusion of anonymity.
2. Flaming is neither productive nor appropriate for the learning environment
3. Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar,
punctuation and spelling corrections
4. Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often
seen as a form of aggression
5. Use emoticons ( :) , :( , :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language
Confidentiality and Privacy
1.
2.
3.
4.
Email, messaging and posting are forms of written record and are just as permanent as a letter or document
Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.)
Respect copyright and cite any and all sources
Do not expect that your communications are private, instead assume all communications are public
For more information please review Netiquette by Virginia Shea
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
7
Netiquette
MBA 601 | Managerial Accounting
Resources for Success
Benedictine’s Library Resources
Benedictine University Libraries strive to provide the resources for all of your academic and research
needs. Providing access to over 120 databases, 200,000 books and eBooks, and helpful librarians 7
days a week, we are here to assist you in person and online.
The primary mission of the Benedictine University Library is to provide library resources and services
that support the Benedictine University community and meet its academic and research needs. To
support our mission, the Library has made provisions for all students to gain access to important
academic resources through the Benedictine Library Website. As you begin your academic journey
please take note of these key concepts that will affect that access:
•
Entry into academic databases and most Library resources must be made through the Benedictine
Library Website at www.ben.edu/library
•
Within one week of your official enrollment your patron information will be automatically entered
into the library system, where once entered, you will be able to check out books and access
databases
•
When off-campus you will be prompted by authentication software (a proxy server) to provide
your Library ID number and last name to access article databases and request books. This software
proxy server confirms that you are a current Benedictine University student and thus allowed
access
•
Your Library ID number is a combination of the Benedictine Library prefix 2281100 and your
seven-digit student ID number (also called your “b” number). Thus 2281100XXXXXXX is
the Library ID number with X’s being the seven digit student number. This number is prominently
located just below the barcode on your Benedictine ID card
•
For further information on any aspect of Library resources and access please call or write the
Benedictine Library Reference Desk at 630-829-6057 or libref@ben.edu. Please take note of
Library hours and staff directory located on the Library Website under About the Library and feel
free to contact us about any concern or need you might have
additional resources for student success:
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
8
Library
MBA 601 | Managerial Accounting
Resources for Success
University Academic Honesty Policy
The search for truth and the dissemination of knowledge are the central missions of a university.
Benedictine University pursues these missions in an environment guided by our Roman Catholic
tradition and our Benedictine Heritage. Integrity and honesty are therefore expected of all University
students. Actions such as cheating, plagiarism, collusion, fabrication, forgery, falsification,
destruction, multiple submission, solicitation, and misrepresentation are violations of these
expectations and constitute unacceptable behavior in the University community.
To access the complete Academic Honesty Policy, which includes student responsibility, responsibility
and authority of faculty, violations, reporting and communicating, responsibilities of the provost,
appeals, composition of the academic appeals board, procedures of the academic appeals board, and
records, please select the following link: www.ben.edu/ahp
APA Formatting and Style
All course assignments must use APA citation and formatting. This is a
mandatory requirement for all assignments, including discussions, if a
publication or other work is being referenced. For more information on
APA, please see the APA Style section at the website of the American
Psychological Association, linked here: www.apa.org/
APA resources for students: www.apa.org/about/students.aspx
Services for Students with Disabilities
Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA) of 1990
prohibit discrimination against individuals with disabilities by standing provision of reasonable
accommodations to make programs and activities accessible to qualified individuals with disabilities.
If you have a documented learning, psychological, or physical disability, you may be eligible for
reasonable academic accommodations or services. To request accommodations or services, please
contact the Student Success Center, Krasa Center - 012A, 630-829-6340. All students are expected to
fulfill essential course requirements. The University will not waive any essential skill or requirement
of a course or degree program.
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9
Other Resources
MBA 601 | Managerial Accounting
Individual Development and Educational Assessment
IDEA Objectives
•
Acquiring skills in working with others as a member of a team.
•
Developing creative capacities (writing, inventing, designing,
performing in art, music, drama, etc.)
•
Gaining a broader understanding and appreciation of intellectual/
cultural activity (music, science, literature, etc.)
•
Developing skill in expressing oneself orally or in writing.
•
Learning how to find and use resources for answering questions or
solving problems.
•
Developing a clearer understanding of, and commitment to, personal
values.
•
Learning to analyze and critically evaluate ideas, arguments, and
points of view.
•
Acquiring an interest in learning more by asking questions and
seeking answers.
IDEA Description
The IDEA student survey focuses on the instructor’s learning objectives for the course and on the
progress each student made toward achieving those objectives. By answering thoughtfully and
honestly, your ratings and comments will be much more helpful – to the instructor, the department
chair, and the dean of the college. As students, you should also know that student ratings and
comments have been used to help evaluate courses and to improve the educational experience at
Benedictine University. The appropriate standard of conduct with respect to student surveys is
thoughtful comments and constructive criticism – respectfully communicated.
A Focus on Learning
“The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than
emphasizing teaching style or personality, the IDEA system focuses on student learning and the
methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
10
IDEA
MBA 601 | Managerial Accounting
Faculty Evening Course Overview
Course Description
This course introduces the measurement, communication, and interpretation of cost data for
management decision-making, planning, control, and evaluation of results. Students are shown how
to use accounting information as an effective management tool for coordinating managerial activities.
Course material is explored in the context of the extensive changes being implemented in the area of
manufacturing, service delivery technologies, and control systems. This course uses case studies to
emphasize the application of concepts
Course Materials
Required Textbook and Materials
Crosson, Susan & Needles, Belverd. (2011). Managerial Accounting (9th ed.).
ISBN 13:978-0-538-72480-1.
Technological Computer Requirements
Students in the Blended program will need: High-speed Internet access; a sound card and speakers;
Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or
higher. It is also highly recommended that students have access to a microphone or webcam for
optional audio/videoconferencing.
Discussion Forum Guidelines
The Course Grading Scale
A
=
4.00
90 - 100%
EXCELLENT
B
=
3.00
80 – 89%
GOOD
C
=
2.00
70 – 79%
SATISFACTORY
D
=
1.00
60 – 69%
PASS
F
=
0.00
BELOW 60%
FAIL
I
=
INC
INCOMPLETE
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To receive a minimum passing grade, students must
make a post to each discussion question for that
week by day 4 of each week and respond to at least
two other postings by the end of the week. Individual
Posts are worth up to 5 points and the total
Response Posts are worth up to 5 points total. Each
discussion will total up to 10 points.
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
11
Course Overview
MBA 601 | Managerial Accounting
Faculty Evening Course Outcomes Based in Bloom’s Taxonomy
Learning Outcomes
Assignments
Points
•
•
•
•
Elaborate on differences in the Supply Chain & Value Chain
Interpret quantitative and qualitative financial information
Discuss the importance of job costing
Design a job order cost card
Individual chapter problems.
Individual chapter problems
Discussion Post & Response.
Team Assignment/Activity.
10 pts
10 pts
10 pts
•
•
•
•
Construct and compare Process Costing to Job Order Costing
Discuss Just in Time Inventory systems
Evaluate and decide the best costing system for a company
Assess your knowledge – Test 1
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
Test 1 (covering chap 1-6).
10 pts
10 pts
10 pts
40 pts
•
•
•
•
Analyze the cash collection during a specific period
Determine the Economic Value Added for specific investments
Discuss performance management & evaluation systems
Build a Traditional & Variable Costing Income Statement
Individual chapter problems.
Individual chapter problems
Discussion Post & Response.
Team Assignment/Activity.
10 pts
10 pts
10 pts
•
•
•
•
Evaluate Direct Labor Variances and Overhead Variances
Discuss the sales mix
Construct and analyze a sales mix decision
Assess your knowledge – Test 2
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
Test 2 (covering chap 7-10).
10 pts
10 pts
10 pts
40 pts
•
•
•
•
Design and compare Capital Investment Proposals
Compile and build a pricing service for an established company
Discuss how to evaluate capital investment decisions
Create a time & materials pricing system for a service business
Individual chapter problems.
Individual chapter problems
Discussion Post & Response.
Team Assignment/Activity.
10 pts
10 pts
10 pts
•
•
•
•
Build a Vertical and Horizontal Analysis
Discuss why ratio and trend analysis is important
Develop a comprehensive ratio analysis for management
Assess your knowledge – Test 3
Individual chapter problems.
Discussion Post & Response.
Team Assignment/Activity.
Test 3 (covering chap 11-14).
10 pts
10 pts
10 pts
40 pts
Total course points
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300 pts
IDEA
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
12
Learning Outcomes
MBA 601 | Managerial Accounting
Faculty Evening Course Schedule
Session
Loc.
Class Title
Assignments
01 A
F2F
The Changing Business
Environment, Cost
Allocation and Job
Order Costing
•
•
Reading assignment: review chap. 1-3 pages 2-103.
Activity: In-class, chap. 1 problem 8 page 40, problem 5 page 38,
problem C4 page 42. Chap. 2 problem E2 page 75, problem E12 &
E13 page 79.Chap 3 problem SE3 & SE 6 page 109 & SE7 page 110.
01 B
online
The Changing Business
Environment, Cost
Allocation and Job
Order Costing
•
Reading assignment: chap. 1-3 covered in class 1A. chap. 4-6 in
be discussed in class 2A.
Written Individual assignment:
Chap. 1 problem E8 page 33.
Chap. 2 problem E6 & E8 page 75.
Chap. 3 problem SE 8 page 110 & problem E1 page 111.
Written team Assignment: Chap. 3 problem C4 page 126.
Discussion topic: Job Costing.
•
•
•
•
•
•
02 A
F2F
Process Costing, Value
Based Systems and
Cost Behavior Analysis
•
•
Reading assignment: review chap. 4-6 pages 128-227.
Activity: In-class, chap. 4 problem SE 1 page 153, problem E4
page 155, problem E11 page 157. Chap. 5 problem SE2 & SE6 page
190, problem SE8 page 191. Chap 6 problem SE2, SE 4 & SE 5
page 233 & SE9 page 234.
02 B
online
Process Costing, Value
Based Systems and
Cost Behavior Analysis
•
Reading assignment: chap. 4-6 covered in class 2A. Chap. 7-8
will be discussed in class 3A.
Written Individual assignment:
Test 1, covering chapters 1-6 (take home)
Chap. 4 problem SE2 page 153.
Chap. 5 problem E10 page 194.
Chap. 6 problem E12 page 238.
Written team Assignment: Chap. 4 problem C1 page 162.
Discussion topic: Just in Time (JIT).
•
•
•
•
•
•
•
03 A
F2F
The Budgeting Process
& Performance
Management and
Evaluation
•
•
Reading assignment: review chap. 7-8 pages 248-321.
Activity: In-class, Chap. 7 problem E10 page 280, problem E13
page 281. Chap. 8 problem E2 page 331, problem E10 page 332,
problem E13 page 334 & problem E14 page 334.
03 B
online
The Budgeting Process
& Performance
Management and
Evaluation
•
Reading assignment: chap. 7-8 covered in class 3A. Chap. 9-10
will be discussed in class 4A.
Written Individual assignment:
Chap. 7 problem E6 page 277 & E11 page 280.
Chap. 8 problem SE6 page 329 & SE9 page 330.
Written team Assignment: Chap. 8 problem P2 page 335.
Discussion topic: Performance Management
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•
•
•
•
•
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
13
Course Schedule
MBA 601 | Managerial Accounting
Faculty Evening Course Schedule
Session
Loc.
Class Title
Assignments
04 A
F2F
Standard Costing, Variance
Analysis and Short-Run
Decision Analysis
•
•
Reading assignment: review chap. 9-10 pages 344-408.
Activity: In-class, Chap. 9 problems SE2 & SE5 page 378,
Chap. 10 problem SE2 page 415, problem SE7 page 416 and
problems E4 & E5 page 418.
04 B
online
Standard Costing, Variance
Analysis and Short-Run
Decision Analysis
•
Reading assignment: chap. 9-10 covered in class 4A. Chap.
11-12 will be discussed in class 5A.
Written Individual assignment:
Test 2, covering chapters 7-10 (take home).
Chap. 9 problem SE7 & SE8 page 379.
Chap. 10 problem SE3 page 415.
Written team Assignment: Chap. 10 problem P4 page 424.
Discussion topic: Sales Mix.
•
•
•
•
•
•
05 A
F2F
Capital Investment
Analysis & Pricing
Decisions
•
•
Reading assignment: review chap. 11-12 pages 432-492.
Activity: In-class, Chap. 11 problem SE2 & SE5 page 456,
problem E4 page 458, problem E9 page 459, problem E11
page 460. Chap. 12 problem SE2 & SE 7 page 498, problem
E6 page 500 and problem E15 page 504.
05 B
online
Capital Investment
Analysis & Pricing
Decisions
•
Reading assignment: chap. 11-12 covered in class 5A. Chap.
13-14 will be discussed in class 6A.
Written Individual assignment:
Chap. 11 problem E3 page 458 & E7 page 459.
Chap. 12 problem SE5 page 498 & E8 page 501.
Written team Assignment: Chap. 12 problem P8 page 509.
Discussion topic: Capital Investment Decisions.
•
•
•
•
•
06 A
F2F
Quality Management &
Measurement and Financial
Analysis of Performance
•
•
Reading assignment: review chap. 13-14 pages 516-582.
Activity: In-class, Chap. 13 problem SE3 page 538, problem
SE9 page 539, problem E6 page 541. Chap. 14 problem E1
page 587, problem E7 & E8 page 588, problem E9 page 589 &
E14 page 590.
06 B
online
Quality Management &
Measurement and Financial
Analysis of Performance
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Reading assignment: chap 13-14 pages 516-582.
Written Individual assignment:
Test 3, covering chapters 11-14
Chap. 13 problem SE2 page 538.
Chap. 14 problem SE4 & SE5 page 585.
Written team Assignment: Chap. 14 problem P4 page 593.
Discussion topic: Ratio and Trend Analysis.
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Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
14
Course Schedule
MBA 601 | Managerial Accounting
Faculty Evening Session 1A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
8.
Develop an understanding between Financial Accounting and Managerial Accounting.
Discuss and interpret the value chain and how its utilized in analyzing businesses.
Identify ethical standards for Management accountants.
Evaluate how managers classify costs.
Compare how manufactures, service and retail companies report costs.
Construct and describe how the flow of costs through a manufacturers inventory.
Compute unit costs for products and services.
Explain the cost flow in a manufacturers job order costing system.
Activities, Assignments and Agenda
Reading:
No pre-class reading, this will be completed after class 1A.
Chapters 1-3 will be reviewed
Individual Assignments:
Reading, individual and group questions are assigned after class 1A.
In-Class Activity:
Review and set course expectations. Show how students can access the publishers website so they can utilize
the interactive flashcards and crossword puzzles to help their development and understand of the course’s
material.
Facilitate an in-class discussion reviewing chapters 1-3 relating to the changing business environment, job
costing and a detailed explanation of job order costing. Discuss the differences between financial and
managerial accounting and how they each impact the overall profitability of a corporation. Lead an impactful
discussion as it relates to costing for manufacturers. Engage students and complete the following exercises in
class to reinforce weeks concepts. Chap. 1 problem 8 page 40, problem 5 page 38, problem C4 page 42. Chap. 2
problem E2 page 75, problem E12 & E13 page 79.Chap 3 problem SE3 & SE 6 page 109 & SE7 page 110.
The use of PowerPoints, interactive flashcards and the crossword puzzles are a great way to accentuate the
concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
15
Session 1A
MBA 601 | Managerial Accounting
Faculty Evening Session 1B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Discuss the group activity assignment and facilitate conversations as needed.
3. Analyze and explain the importance of job costing systems are integrated in businesses.
4. Apply the material in chapter 1-3 to assist in the discussion with your current group.
5. Actively engage your students by sharing your existing knowledge of accounting with regard to job
costing its involvement in businesses today so everyone can benefit from the discussion.
Activities, Assignments and Agenda
Reading:
Review chapters 1-3 that were covered in class 1A.
Chapters 4-6, will be discussed in-class during week 2A.
Individual Assignments
Chap. 1 problem E8 page 33.
Chap. 2 problem E6 & E8 page 75.
Chap. 3 problem SE 8 page 110 & problem E1 page 111
Group Assignments
Chap. 3 problem C4 page 126.
Discussion Question:
An advantage to job costing is that management has quick access to all costs incurred for each job that’s
completed. A major challenge in job costing is that it requires a large amount of data and the accuracy of this
information is crucial. How specifically would you insure your data is correct? Explain how this can impact
The overall productivity of a firm?
Monitor the online format to ensure students are fully participating in online discussions.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
16
Session 1B
MBA 601 | Managerial Accounting
Faculty Evening Session 2A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
8.
Discuss the process costing system and explain why its used.
Compute equivalent units and define equivalent production.
Build a process cost report using FIFO and the average costing method.
Evaluate activity based costing.
Assess activity based management.
Interpret and explain variable, fixed and mixed costs.
Discuss cost-volume profit (CVP) analysis.
Construct a CVP analysis to predict the profitability of products and services.
Activities, Assignments and Agenda
Reading:
Chapters 4-6 covering costing systems and costing behavior.
Individual Assignments:
Individual questions that were assigned during class 1A will be reviewed as needed.
In-Class Activity:
Review previous weeks assignments to ensure students and set course expectations. Ensure and reinforce that
students can access the publishers website to utilize the interactive flashcards and crossword puzzles to help
their development and understand of the course’s material.
Facilitate an in-class discussion reviewing chapters 4-6 relating to an in-depth analysis and understanding of
the different job costing methods and job costing behaviors. Discuss the break-even analysis and the costvolume profit (CVP) analysis. Lead a discussion on activity based costing and just in time inventory and why
many company’s are moving to this type of inventory management. Engage students and complete the
following exercises in class to reinforce weeks concepts. Chap. 4 problem SE 1 page 153, problem E4 page 155,
problem E11 page 157. Chap. 5 problem SE2 & SE6 page 190, problem SE8 page 191. Chap 6 problem SE2, SE
4 & SE 5 page 233 & SE9 page 234.
The use of PowerPoints, interactive flashcards and the crossword puzzles are a great way to accentuate the
concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
17
Session 1A
MBA 601 | Managerial Accounting
Faculty Evening Session 2B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Discuss the group activity assignment and facilitate conversations as needed.
3. Analyze and explain the importance of inventory control and cost volume profit systems in
company’s today.
4. Apply the material in chapter 4-6 to assist in the group discussion.
5. Actively engage your students by sharing your existing knowledge of accounting with regard to
how firms have adjusted inventory management to maximize profitability so everyone can benefit
from the discussion.
Activities, Assignments and Agenda
Reading:
Chapters 4-6 that were covered in class 2A.
Chapters 7-8, will be discussed in-class during week 3A.
Individual Assignments
Test 1, covering chapters 1-6 (take home)
Chap. 4 problem SE2 page 153.
Chap. 5 problem E10 page 194.
Chap. 6 problem E12 page 238.
Group Assignments
Chap. 4 problem C1 page 162.
Discussion Question:
In the past many company’s operated with high inventory levels. This week we discussed just in time (JIT)
inventory. This can be extremely advantageous to large corporations as it will free up cash. How difficult is it to
monitor and implement the JIT inventory method/style? What are some advantages and disadvantages?
Monitor the online format to ensure students are fully participating in online discussions.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
18
Session 1B
MBA 601 | Managerial Accounting
Faculty Evening Session 3A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
Discuss budgeting and detail the budgeting process.
Interpret and identify the major elements of a master budget.
Construct an operating budget that integrates and supports the financial budgets.
Build a budgeted Income Statement, Balance Sheet and cash budget.
Recommend a performance management and evaluation system.
Examine performance reports and measure them against return on investment (ROI).
Conclude how to properly link performance incentives.
Activities, Assignments and Agenda
Reading:
Chapters 7-8 covering the budgeting process and performance management.
Individual Assignments:
Individual questions that were assigned during class 2A will be reviewed as needed.
In-Class Activity:
Review test 1 and the previous weeks assignments to ensure students and set course expectations. Ensure and
reinforce that students can access the publishers website to utilize the interactive flashcards and crossword
puzzles to help their development and understand of the course’s material.
Facilitate an in-class discussion reviewing chapters 7-8 relating to the budgeting process. Detail the
advantages and process involved with this critical exercise. Discuss the sales, production and direct materials
budget to ensure complete understanding. Use you real-life knowledge to display these concepts. Lead an
conversation on performance measurements and how they impact individual company’s. Engage students and
complete the following exercises in class to reinforce weeks concepts. Chap. 7 problem E10 page 280, problem
E13 page 281. Chap. 8 problem E2 page 331, problem E10 page 332, problem E13 page 334 & problem E14
page 334.
The use of PowerPoints, interactive flashcards and the crossword puzzles are a great way to accentuate the
concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
19
Session 1A
MBA 601 | Managerial Accounting
Faculty Evening Session 3B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Discuss the group activity assignment and facilitate conversations as needed.
3. Analyze and explain the importance of performance management and detail how its utilized.
4. Apply the material in chapter 7-8 to assist in the discussion with your current group.
5. Actively engage your students by sharing your existing knowledge of accounting with regard to
performance reports and how they’re utilized in businesses today so everyone can benefit from the
discussion.
Activities, Assignments and Agenda
Reading:
Chapters 7-8 that were covered in class 3A.
Chapters 9-10, will be discussed in-class during week 4A.
Individual Assignments
Chap. 7 problem E6 page 277 & E11 page 280.
Chap. 8 problem SE6 page 329 & SE9 page 330
Group Assignments
Chap. 8 problem P2 page 335.
Discussion Question:
All company’s need to measure performance. A very common questions is how and what should we measure?
What matrix’s would you use to evaluate a manufacturing company compared to a service orientated company?
How do you ensure you’re evaluating a specific goal?
Monitor the online format to ensure students are fully participating in online discussions.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
20
Session 1B
MBA 601 | Managerial Accounting
Faculty Evening Session 4A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
Compute a standard unit cost.
Build a flexible budget and discuss how management utilized it.
Assess direct material variances
Analyze and discuss direct labor and overhead variances.
Discuss how mangers make short-run decisions.
Construct an incremental analysis for segment profitability.
Propose how incremental analysis can be used to make outsourcing decisions.
Activities, Assignments and Agenda
Reading:
Chapters 9-10 covering standard costing, variance analysis and short-run decisions.
Individual Assignments:
Individual questions that were assigned during class 3A will be reviewed as needed.
In-Class Activity:
Review previous weeks assignments. Take a few minutes to show students how to access the publishers
website and utilize the interactive flashcards and crossword puzzles to help their development and understand
of the course’s material.
Facilitate an in-class discussion reviewing chapters 9-10 covering standard costing as it relates to direct
material costs, direct labor costs, and overhead costs. Discuss and illustrate direct material variances. Lead an
conversation on short-run decisions and the management process and incremental analysis in relation to
outsourcing decisions and special order decisions. Engage students and complete the following exercises in
class to reinforce weeks concepts. Chap. 9 problems SE2 & SE5 page 378, Chap. 10 problem SE2 page 415,
problem SE7 page 416 and problems E4 & E5 page 418.
The use of PowerPoints, interactive flashcards and the crossword puzzles are a great way to accentuate the
concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
21
Session 1A
MBA 601 | Managerial Accounting
Faculty Evening Session 4B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Discuss the group activity assignment and facilitate conversations as needed.
3. Analyze and explain the importance of standard costing and variances.
4. Apply the material in chapter 9-10 to assist in the discussion with your current group.
5. Actively engage your students by sharing your existing knowledge of incremental analysis so
everyone can benefit from the discussion.
Activities, Assignments and Agenda
Reading:
Chapters 9-10 that were covered in class 4A.
Chapters 11-12, will be discussed in-class during week 5A.
Individual Assignments
Test 2, covering chapters 7-10 (take home).
Chap. 9 problem SE7 & SE8 page 379.
Chap. 10 problem SE3 page 415
Group Assignments
Chap. 10 problem P4 page 424.
Discussion Question:
Creating the perfect sales mix can be complicated. Many mangers try to devise incentive plans that maximize
the products or services with the highest contribution margin. How does this action differ when comparing a
manufacturing company to a service orientated business? As a manager how would you try to minimize the
challenges?
Monitor the online format to ensure students are fully participating in online discussions.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
22
Session 1B
MBA 601 | Managerial Accounting
Faculty Evening Session 5A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
Discuss capital investment analysis.
Interpret associated expenses of projected costs with revenues to evaluate investments.
Evaluate and explain time value of money.
Analyze capital investment proposals.
Develop cost based pricing to develop prices.
Create auction based pricing that will you to maximize profit using the internet.
Assess target costing and analyze it in pricing decisions.
Activities, Assignments and Agenda
Reading:
Chapters 11-12 covering capital investment analysis and pricing decisions.
Individual Assignments:
Individual questions that were assigned during class 4A will be reviewed as needed.
In-Class Activity:
Review the previous weeks assignments to ensure the students grasp the concepts. Reinforce the publishers
website so they can utilize the interactive flashcards and crossword puzzles to help the development and
understand of the course’s material.
Facilitate an in-class discussion reviewing chapters 11-12 covering capital investment decisions and the concept
of time value of money. Discuss net present value and its importance in the allocation of capital for future
projects. Lead a conversation on pricing and cost based pricing methods. Engage students and complete the
following exercises in class to reinforce weeks concepts. Chap. 11 problem SE2 & SE5 page 456, problem E4
page 458, problem E9 page 459, problem E11 page 460. Chap. 12 problem SE2 & SE 7 page 498, problem E6
page 500 and problem E15 page 504
The use of PowerPoints, interactive flashcards and the crossword puzzles are a great way to accentuate the
concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
23
Session 1A
MBA 601 | Managerial Accounting
Faculty Evening Session 5B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the
learning experience.
2. Discuss the group activity assignment and facilitate conversations as needed.
3. Analyze and explain the importance of capital investment decisions to the growth and overall
profitability of a business.
4. Apply the material in chapter 11-12 to assist in the discussion with your current group.
5. Actively engage your students by sharing your existing knowledge of accounting with regard to
time value of money and investment decisions so everyone can benefit from the discussion.
Activities, Assignments and Agenda
Reading:
Chapters 11-12 that were covered in class 5A.
Chapters 13-14, will be discussed in-class during week 6A.
Individual Assignments
Chap. 11 problem E3 page 458 & E7 page 459.
Chap. 12 problem SE5 page 498 & E8 page 501
Group Assignments
Chap. 12 problem P8 page 509.
Discussion Question:
Capital budgeting and capital investment decisions is not an exact science. We learned several methods this
week. If you were making the final decision on investing $20 million dollars into several projects which
method/methods would you favor and why? Specifically detail why? What’s the direct impact to your company
if the process you select is not correct?
Monitor the online format to ensure students are fully participating in online discussions.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
24
Session 1B
MBA 601 | Managerial Accounting
Faculty Evening Session 6A
Learning Objectives
1.
2.
3.
4.
5.
6.
7.
Discuss management information systems and explain how they are utilized.
Analyze Total Quality Management and how it relates to the overall profitability of a firm.
Construct measures of quality to evaluate operating performance.
Evaluate how quality is employed in operations.
Interpret financial statements and how financial ratios are used to build trend analysis.
Build and evaluate vertical and horizontal analysis.
Measure and explain how mangers use financial performance to make decisions.
Activities, Assignments and Agenda
Reading:
Chapters 13-14 covering quality management and financial analysis of performance.
Individual Assignments:
Individual questions that were assigned during class 5A will be reviewed as needed.
In-Class Activity:
Review the previous weeks assignments. Illustrate how students can access the publishers website so they can
utilize the interactive flashcards and crossword puzzles to help the development and understand of the course’s
material.
Facilitate an in-class discussion reviewing chapters 13-14 covering financial and non-financial measures of
quality. Discuss financial performance measurements such as vertical analysis, horizontal analysis and trend
analysis. Lead an conversation in liquidity, profitability and long-term solvency. Engage students and
complete the following exercises in class to reinforce weeks concepts. Chap. 13 problem SE3 page 538, problem
SE9 page 539, problem E6 page 541. Chap. 14 problem E1 page 587, problem E7 & E8 page 588, problem E9
page 589 & E14 page 590..
The use of PowerPoints, interactive flashcards and the crossword puzzles are a great way to accentuate the
concepts on a consistent basis.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
25
Session 1A
MBA 601 | Managerial Accounting
Faculty Evening Session 6B
Learning Objectives
1. Participate in the weekly discussion question and subsequent forum threads to enhance the learning
experience.
2. Discuss the group activity assignment and facilitate conversations as needed.
3. Analyze and explain the importance of ratios analysis and how this important measurement can help
increase investment choices.
4. Apply the material in chapter 13-14 to assist in the discussion with your current group.
5. Actively engage your students by sharing your existing knowledge of accounting with regard to job vertical
and horizontal analysis and how its utilized in business so everyone can benefit from the discussion.
Activities, Assignments and Agenda
Reading:
Chapters 13-14 that were covered in class 6A.
Individual Assignments
Test 3, covering chapters 11-14
Chap. 13 problem SE2 page 538.
Chap. 14 problem SE4 & SE5 page 585.
Group Assignments
Chap. 14 problem P4 page 593.
Discussion Question:
Financial ratio analysis can be a very powerful tool. This week we learned how this examination can be
incorporated with trend analysis to help evaluate the financial strength of a company. How can this financial
information be reviewed and present different opinions or be misinterpreted by analysts and investors alike?
Monitor the online format to ensure students are fully participating in online discussions.
home
about
expectations
resources
course
overview
learning
outcomes
IDEA
schedule &
sessions
Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community
26
Session 1B