Principles of Managerial Accounting - DOC

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					                    ACCT 51-646 – Managerial Accounting – Summer 2009

Instructor:      Dr. Dave Smith                            Email: 
Office:          Mo Southern State Univ.                   Telephone:       417.625.3012-w/Voice Mail
                 Plaster Hall 309H
                 Joplin, MO 64801
                                              Office Hours:
                                     By appointment during the summer.

Course Purpose and Objectives: A graduate level course in the principles and theory of managerial and cost
accounting information. The course firsts develops an understanding of the concepts and procedures for a topical
area and then through questions, problems, and case readings applies them. The major topical areas include the
role of accounting information to management, cost concepts, cost behavior, costing systems, budgeting, allocation,
relevant costs, variances, capital budgeting, planning and control.

The course is designed to add understanding of management information needs, develop managerial accounting
concepts, and the application of managerial accounting methods. The use of accounting data in aiding, planning,
control, and decision making and its relationship to the management function is of primary importance. In addition
the student will understand many of the various accounting analysis procedures available to management as well
as their limitations. Upon completion of the course the student should have a broad understanding of the concepts
and practice of managerial accounting, and how it aids managers in manufacturing and service environments.

Text: Managerial Accounting, Third Edition (2007), James Jiambalvo, Wiley, ISBN #13 978-0-470-03815-2

Article Readings: Readings (e.g. journal articles) that supplement text readings are also assigned. The readings
can be copied from the original source or from the web site. Full citations are given in the schedule section of the
syllabus for the latter source.

Optional Materials: Study Guide to accompany Managerial Accounting, Third Edition (available through the
bookstore and on-line sources). This is only recommended if you have not had Managerial Accounting as an
undergraduate or related work experience in the field. The website and textbook also provide reviews. The site (click on the “Student Companion Site” link) offers PowerPoint slides for
each chapter, review questions and quizzes.

Grading: Grading will be done using a scale where 90%=A, 80%=B, 70%=C, 60%=D, and below 60%=F.

                                 Item                                     Points

        Midterm Exam                                                        100
        Final Exam                                                          100
        Written Cases (three)                                                30
        Class Participation (five)                                           75

        Total Points                                                        305
Exams: Two on-line exams will be given and will include multiple-choice, short-answer, and problems. The exams will
be open-book/note, but you will not have much time to look up answers. The exams will cover the text (chapters,
questions, problems, and cases), additional readings and class discussion on the threaded discussion. The final exam
will be comprehensive, but will be weighted more heavily toward the material since the mid-term exam. Exams will be
posted approximately 72 hours prior to the due date. The final exam will replace the mid-term score if the final score is

Makeup Exams: No makeup is allowed for the mid-term exam. Makeup exams for the final are only given at the
instructor’s discretion. The extenuating circumstances must be verifiable with an independent source and only if you
have notified me prior to the examination due date.

Written Case Reports: A written report is required for all assigned cases (see calendar). It must provide a short
description of the case, the major issues of concern to management, answer the questions in the case, and provide
resolutions to the problem(s) in the case or article. The length of the report is determined by the case or article, but
should not exceed three pages. It must be typed using standard margins and type, and/or a (Excel) spreadsheet as
appropriate. Four to five cases will be collected over the trimester without prior identification as to which those will be.
 Full credit will be given for your top three cases that include all the parts required for the written report, no partial
credit. Citations are not required unless you make use of other sources. Citations may follow any standard format (e.g.
APA, MLA, Turabian).

Class Participation: Weekly participation in the threaded discussion area is required for each student and will consist
of one original response to my topic (nine points) and at least two responses (three points each) to students’ posting.
Six to seven weeks’ of participation will be evaluated over the trimester with the top five scores (maximum score 5 x 15
points = 75) being used. I will post a number of topics (questions, exercises, problems, and short cases) for each
chapter and include due dates for both posting the original answer and responding to the answer. Posting must be done
on at least two days of each week and be of high quality. An original posting should have the following characteristics; it
is germane, succinct, and clear, ideally between 80 to 150 words. It refers to the course material in an appropriate
manner and also may make use of relevant outside material. Its main point or thesis is further supported by an example
or experience that helps translate the application of the material. It adds or extends the discussion. A quality response
to an original posting can be shorter (50 to 100 words) and should agree with the previous posts, professionally correct
any errors in prior postings, and offer an example supporting the post, ideally, from your own experience.

Due Dates: All exams, cases and threaded discussion work must be submitted in the course site by 11:30 pm Central
time on the scheduled date unless specifically stated otherwise. No late work is permitted, but you will have multiple
opportunities to prepare cases and threaded discussion responses.

Academic Integrity: Per University and departmental policy, academic dishonesty will result in failure and dismissal
from the course and possible dismissal from the University. A more detailed description of the policy is in the graduate

Syllabus Changes: The instructor reserves the right to make changes to the syllabus as needed. You will be informed
of these changes in writing.
                  Northwest Missouri State University and Missouri Southern State University
                                       51-646 - Managerial Accounting

TD=Threaded Discussion Topics, Q=Question, Ex = Exercise, Pr = Problem

CH 1: Managerial Accounting In The Information Age
       McKinnon, S and W. Bruns, "What Production Managers Really Want to Know..." M anagement
         Accounting, January 1993: 29-35.
      Case: 1-1 Local 635
      TD: Q 1, 3, 4, 5, 7, 8, 9; Case 1-2 Boswell Plumbing Products

CH 2: Job-Order Costing For Manufacturing And Service Companies
       Case 2-3 Dupage Powder Coating
       TD: Q 1- 10; Ex 12; Pr 1, 17; Case: 2-1 Brixton Surgical Devices

CH 6: Cost Allocation And Activity-Based Costing
   Cooper, R. and R. Kaplan, "How Cost Accounting Distorts Product Costs, " Management Accounting April 1988:
   Estrin, T. J. Kantor, and D. Albers, "Is ABC Suitable for Your Company?." Management Accounting, April,
      1994: 40-45.
   Tatikonda, D. O'Brien, and R. Tatikonda, "Succeeding with 80/20," Management Accounting, February, 1999: 40-
  TD: Q 2, 5, 6, 7, 9; E 9, 10; Pr 1, 5, 6, 12, 16; Case: 6-1 Eastside Medical Testing

CH 4: Cost-Volume-Profit Analysis (and appendix on regression)
      Case: 4-3 Krog’s Metalfab, Inc. (Additional requirement: estimate the lost profit using four methods or variations
      in the data used, one of which must be simple regression.)
      TD: Q 1, 3, 4, 6-10 Pr 2, 3, 4, 12, 15, 17

CH 7: The Use Of Cost Information In Management Decision Making
      TD: Q 4, 5, 6, 7; Ex 7, 10, 14; Pr 7; Case: 7-2 Five Star Tool

CH 8: Pricing Decisions, Analyzing Customer Profitability, and Activity-Based Pricing
   Shim, E., and E. Sudit, “How Manufacturers Price Products,” Management Accounting, February, 1995: 37-39.
   Bayou, M., and A. Reinstein, “Formula for Success: Target Costing for Cost-Plus Pricing Companies,” Journal of
      Cost Management, September/October, 1997: 30-34.
  TD: Q 1, 2, 3, 5, 6, 9, 10; Ex 6, 9; Pr 3, 4, 9

Midterm Exam: It will cover all material up to then.
                                        Northwest Missouri State University
                                          51-646 - Managerial Accounting

CH 10: Budgetary Planning And Control
   Bart, C. "Budgeting Gamesmanship," Academy of Management Executive, 1988: 285-294.
   ** Hope, Jeremy, and R. Fraser, “Who Needs Budgets?” Harvard Business Review, February, 2003: 108-115.
      ** (required write -up for case)
  TD: Q 4, 7, 9, 10; Pr 3, 4

CH 11: Standard Costs And Variance Analysis (including the appendix)
      Case: 11-1 Jackson Sound, Case: 11-2 Champion Industries (together count as one case)
      TD: Q 4, 5, 6, 7, 9; Ex 13; Pr 5, 15;

CH 9: Capital Budgeting And Other Long-Run Decisions (Including Appendix A, B)
       Shank, J. and V. Guvindarajan, "Strategic Cost Analysis of Technological Investments," Sloan Management
          Review, Fall 1992: 39-51.
      Case 9-2 Sergo Games
      TD: Q 4, 6, 7, 8, 10; Ex 7,11, 13, 14, 15, 18

CH 12: Decentralization And Performance Evaluation (include the appendix on transfer pricing)
       Lipe, M.G. and S. Salterio. "The Balanced Scorecard: Judgement Effects of Common and Unique
         Performance Measures," The Accounting Review, July, 2000, 283-298.
       Ittner, C., D. Larcker, and M. Meyer, “Subjectivity and the Weighing of Performance Measures: Evidence
         from a Balanced Scorecard” The Accounting Review, July, 2003, 725-758.
      TD: Q 1, 2, 7, 9, 10; Ex 6, 7, 8, 10; Pr. 8; Case: 12-1 Home Value Stores

CH 3: Process Costing
      TD: Q 1, 4, 5, 6, 10; Pr 2, 3, 8; Case: 3-1 Tech-Tonic Sports Drink

CH 5: Variable Costing (as time permits)
      TD: Q 1 – 5, 9, 10; Ex 4, 5; Pr 4, 12, 15; Case 5-2 RainRuler Stains

Final Exam: It will cover all chapters and related readings with emphasis on material since the mid-term.

                                   Syllabus is subject to change at the Instructor's discretion

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