R.C. (Bob) Nichols, CMA
rnichols@bcit.ca
604-987-1423
MA1
MA2
MA 1
• Text: “Managerial Accounting –
Concepts for Planning, Control,
Decision-Making”
• Garrison/Noreen/Chesley/Carroll
• 4th Canadian Edition
• McGraw-Hill Ryerson
Course Materials Provided
• Text
• Assignment Marker Kit
• Disk with text – review
questions for students
• CD ROM
• Publisher’s “Web Site”
CD ROM
1) Lesson notes:
• Objectives of lesson
• Assigned readings
• Summary of readings
• Appendix to readings - further
discussion of topics
CD ROM
2) Power Point Presentations
3) Templates (Excel) for sample
problems with solutions
4) Review problems (from text) with
solutions
5) Practice Exam with solutions
6) Prior Exams (web)
Look at Samples of:
• Lesson notes/Appendixes
• Power Point presentations
• Review problems
• Practice exam
• Prior years’ exams
Web Site
•
www.mcgrawhill.ca/college/garrison5/
•
Password – available from publisher
(on-line)
1) Student resources
2) Instructor resources
1) Student Resources:
a) Plant Tours
b) Spreadsheet templates
c) Power Point slides
d) Errata
e) Glossary
f) Study aids
f) Study Aids:
• Key terms & searchable glossary
• Chapter learning objectives
• Chapter summaries
• On-line quizzes
• Internet and group exercises
• Plant tour discussion questions
2) Instructor Center:
• Downloadable supplements:
– Solutions manual
– Resource manual
– Power Point slides
Student Expectations:
1) What the students have
2) What the students want/need
1) What the students have:
•
Lesson notes
•
Text
•
Assignments  marked
•
Review questions (true/false,
multiple choice)
•
Lesson objectives
•
Review problems/solutions
1) What the students have:
(cont’d)….
• Practice exam/solutions
• Prior years’ exams/solutions
• Power Point presentations of major
concepts
• Templates (excel) for sample
problems/solutions
2)
What the students want/need:
• Areas of student difficulties:
– Alternative explanations (from text, etc.)
– The “why’s” not just the “how’s”
– “Real-life” examples
– Problems/solutions to illustrate
– Alternative types of problems
– Practice, practice, practice!!!!
2) What the students want/need:
Cont’d….
• Exam writing skills:
– Problem analysis
– Time allocation
– Multiple choice
– True/False
– Etc.
2) What the students want/need:
• Alternative learning methods:
– Reading/Writing/Seeing
– Applying the concepts
– Group discussion
– Doing:
• Doing it wrong
• Doing it right
What we need to do:
Provide opportunities:
• Read/write/see
• “Interactive Learning”
– Discussion of the issues
• For students to try to do it
– Learn from their mistakes
– Improve their skills
Instruction Strategies:
1) Lectures:
• Use of “lecture notes”
• Apply the concepts
–
“real-life” examples
–
Problem solving
• Encourage discussion/questions
What we need to do:
1) Seek out alternative methods:
–
Small group work
–
Videos – “Plant Tours”
–
On-line review & self-testing, etc.
2) Seek out alternative resources:
–
Publishers, business, etc.
3) Share our resources/ideas:
MA1 – Course Content:
1)
•
2)
•
3)
•
Lesson 1
Basic concepts of management accounting
Lesson 2
Job-order costing – excel
Lesson 3
Process costing
– Weighted average/FIFO
– Shrinkage/spoilage
– Appendix
MA1 – Course Content:
4) Lesson 4
• Cost behaviour and cost-volume-profit
analysis
• Sensitivity analysis
5) Lesson 5
• Activity-based costing and service
department costing
• Cost allocations
• Appendixes (3)
MA1 – Course Content:
6) Lesson 6
• Absorption and variable costing and
budgeting
• Appendixes (4)
7) Lesson 7
• Standard costs for materials, labour, and
variable overhead
• Appendixes (3)
MA1 – Course Content:
8) Lesson 8
• Flexible budgets and
decentralization
• ROI/RI
9) Lesson 9
• Relevant costs for decision making and
inventory management
• Appendix
MA1 – Course Content:
10)Lesson 10
• Pricing
• trends in management accounting
• Appendixes (2)
MA2 Course Coverage:
I Short-run Decisions
II Complications to Short-run
Decisions
III Capital Budgeting
IV Contemporary Approaches to
Product Costing
MA2 Course Coverage:
V Activity-Based Management
VI Agency Theory
VII Transfer Pricing
VIII Ethical Considerations
I Short-run Decisions
•
•
•
•
•
Relevant information
Special order decision
Outsourcing (make or buy)
Adding/dropping a product line
Joint products – sell or process
further?
• Limited resource decisions
II Complications to Shortrun Decisions
• Valuation of inventory
• Effects of overhead allocations
• Capacity costs
III Capital Budgeting
• Payback method
• Accounting Rate of Return
• Discounted Cash Flow methods:
– Net Present Value
– Internal Rate of Return
• Performance Evaluation
Conflicts
IV Contemporary Approaches
to Product Costing
•
•
•
•
•
Total-Life Cycle product costing
Target Costing
Kaizen Costing
Cost of Quality
Benchmarking
V Activity-Based
Management
•
•
•
•
Purpose of ABM
Steps in ABM
Evaluation of ABM
ABM and other management
techniques:
– TQM
– Process re-engineering
– Benchmarking, etc.
VI Agency Theory
•
•
•
•
•
•
•
Introduction to agency theory
Basic building blocks
Executive compensation contracts
Participative budgeting
Internal labour markets
Agency and ABM
Agency and Strategic Planning
VII Transfer Pricing
• Responsibility accounting
• Economic value added
• Transfer pricing
VIII Ethical
Considerations
• Trust, ethical behaviour and the
accountant
• Markets and the role of ethics
• Creation and enforcement of
behavioural norms
Sample Lesson:
Lesson 3
1) Lesson notes
2) Quizzes
3) Review problems