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					ACC202 - Managerial Accounting
Module 1 - Background
Variable and Fixed Costs



   Absorption Income versus Variable Costing (Contribution Margin)
Absorption Income versus Variable Costing (Contribution Margin)

It is hard enough to learn one method of preparing an income statement. Nevertheless, managerial accountant

There is no one format required for an internal income statement other than it should be useful to an organizat

There are two essential differences between absorption income and variable costing.

First, there is major difference in the way costs are organized. In the absorption income statement, costs are o

Second, the traditional statement uses cost of goods sold as the intermediate step while the variable costing ap

The essential points in this module are:

    1. Costs organized by cost behavior can be quite useful to decision making than costs organized by functio
    2. Contribution Margin is a very relevant point of information. It tells the user of the statement the net be
    3. Net income will be the same under both approaches only when there is no change in beginning or endin

   Costs organized by function (absorption income)

    Cost of good sold (product costs or expenses)
    Selling and administrative expenses (operating costs or expenses)

   Costs organized by behavior (variable costing)

Total variable costs change in direct proportion to changes in activity.

Total fixed costs remain unchanged within a specified activity range.

Cost-Volume Profit Analysis

Cost-volume-profit (CVP) analysis is possible when information about cost behavior is available. It helps manag




Required material

Martin, J.R. (n.d.) Management Accounting: Concepts, Techniques, and Controversial Issues - Chapter 1: Introduction. Manag
Introduction to Managerial Accounting (2007, July 25) [Video File]. Retrieved from http://www.youtube.com/watch?v=pBCRm

Read one of the following:

Walter, L.M. (2011). Principles of Accounting: A Complete Online Text, chapter 23 (the section titled Variable co

or

Edwards, J.D., Hermanson, R.H. & Invacevich, S.D. (2007). Accounting Principles: A Business Perspective. First Global Text Edit

Optional resource(s)

Accounting for Management (n.d.). Managerial or Management or Cost Accounting Terms and Definitions. Retrieved from ht
anagerial accountants often find that the traditional income statement (absorption income or income statement prepared i

seful to an organization. Some variation of a behavioral income statement is often favored since it is useful for planning. I




tatement, costs are organized by function - product costs versus operating costs. In the variable costing income statemen

e variable costing approach statement uses contribution margin as the intermediate step.




 organized by function.
statement the net benefit to the organization that is the result of the activity. That is, we will incur the fixed costs in any e
n beginning or ending inventory (assuming constant prices).




lable. It helps managers understand the interrelationships among cost, volume, and profit by focusing their attention on th




1: Introduction. Management And Accounting Web Home Page. Retrieved from http://maaw.info/Chapter1.htm
be.com/watch?v=pBCRmjnwWgo




tion titled Variable costing versus absorption costing) and chapter 18. Retrieved from http://www.principlesofaccounting.c




e. First Global Text Edition, Volume 2 Managerial Accounting, 73-87. Retrieved from http://docs.globaltext.terry.uga.edu:8095/anonymo




ons. Retrieved from http://www.accountingformanagement.com/managerial_accounting_defintions.htm
r income statement prepared in accordance with US GAAP) does not meet their needs. Internally, the organization needs a

ince it is useful for planning. In this type of income statement, costs are categorized according to behavior (variable and fi




able costing income statement, costs are organized by behavior - variable costs versus fixed costs.




ll incur the fixed costs in any event. The variable costs are incurred only as the activity level increases. Thus, the contribu




y focusing their attention on the interactions among the prices of products, volume of activity, per unit variable costs, tota
/www.principlesofaccounting.com/




ext.terry.uga.edu:8095/anonymous/webdav/Accounting%20Principles/Accounting%20Principles%20Vol.%202.pdf
nally, the organization needs an income statement that is helpful in analyzing individual products and services or groups o

ng to behavior (variable and fixed) rather than by function (cost of goods sold and operating expenses). Preparing a behav




l increases. Thus, the contribution margin (the difference between revenue and variable costs) is a measure of the benefit




y, per unit variable costs, total fixed costs, and mix of products sold. It is a vital tool used in many business decisions such
ducts and services or groups of products and services. This information is then used in the decision making process.

 expenses). Preparing a behavioral income statement is commonly referred to as using a variable costing or contribution m




ts) is a measure of the benefit of that activity.




 many business decisions such as deciding what products to manufacture or sell, what pricing policy to follow, what marke
ecision making process.

riable costing or contribution margin approach. Variable costing is not just a formal approach to preparing an income state




g policy to follow, what marketing strategy to employ, and what type of productive facilities to acquire.
h to preparing an income statement, but a way of thin king. It is useful for coming up with estimates in “what-if” scenario




 to acquire.
stimates in “what-if” scenarios.
ACC202 - Managerial Accounting
Module 1 - Case
Variable and Fixed Costs


Managerial accounting emphasizes short-term profit analysis, so the income statement is very important. Cons

Part I:

Use the background material and Internet to answer the questions below.

Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to:

     How is managerial accounting different from financial accounting?
     Comment on the different needs and use of financial information for internal purposes.
     The managerial accounting profession and its role in today’s business environment. How has it changed ov
     Comment on the Certified Management Accountant (CMA) designation.

Part II:

Keep the analysis from the SLP in mind when addressing the questions below.

     Explain the main differences between the absorption and contribution (behavioral, variable) income statem
     Comment specifically on why companies feel the need to create yet another income statement in a differen
     Explain situations in which break-even analysis can be a useful tool. Provide a specific example.

   Grading rubric. Click here.
   When your paper is done, send it in to CourseNet.
very important. Consequently, we’ll examine and discuss income statements in this first case. The assignment for this mod




cular attention to:




ow has it changed over time?




iable) income statements. Will net income always be the same under the two approaches? If not, explain the difference.
atement in a different format. What information can the company gleam from this approach which is helpful as a tool in th
c example.
. The assignment for this module is divided into two parts:




not, explain the difference.
which is helpful as a tool in the decision making process.
ACC202 - Managerial Accounting
Module 1 - SLP
Variable and Fixed Costs


Below find production and sales information for Herrestad Company. We will use this same company for all the

Product information

Beginning inventory                                                                0
Units produced                                                                 10,000
quot; valign="bottom">
                                                                                 8,000
Units sold

Selling price per unit                                                           $300
Variable costs per unit
 Direct material                                                                   120
 Direct labor                                                                       60
 Variable overhead                                                                  40
 Variable selling and administrative                                                10

Fixed costs
 Fixed manufacturing overhead                                                 250,000
 Fixed selling and administrative                                             100,000




                                 Herrestad Company
                            Absorption Income Statement
                         For the period ending Dec. 31, 2011

Sales                                                                     $2,400,000
Cost of goods sold                                                         1,960,000
 Gross profit (margin)                                                      $440,000
Selling and administrative expenses                                          180,000
 Net income                                                                 $260,000

Required:

Prepare a contribution margin (behavioral, variable) income statement for Herrestad Company. Prepare a secon

Use the original information to:
    Determine the number of units the company must sell to break even for the year?

    Compute break even assuming direct materials cost increase from $120 to $140, but all information remai

The submission should be 2 to 4 pages and need to in clude answers to all the questions listed above. Show co

  Grading rubric. Click here.

When your paper is done, send it in to CourseNet.
e company for all the SLPs in this course.




pany. Prepare a second version assuming the selling price per unit increases to $320 per unit.
all information remains the same.

isted above. Show computations, discuss the results and include references in APA format.
ACC202 - Managerial Accounting
Module 2 - Background
Allocation of Fixed Costs


In module one we treated the company as if it only had one product. This is probably not a realistic assumption

We are referring to cost of equipment, building, supervisors and other resources that cannot be specifically attr

Control and quality are other factors related to the allocations process and we’ll examine these aspects too in th

Required material

Martin, J.R. (n.d.) Management Accounting: Concepts, Techniques, and Controversial Issues - Chapter 8: Introduction. Manag

Walter, L.M. (2011). Principles of Accounting: A Complete Online Text , chapter 19 (the section titled Modern m

Edwards, J.D., Hermanson, R.H. & Invacevich, S.D. (2007). Accounting Principles: A Business Perspective. First Global Text Edit
a realistic assumption. Some or all of the fixed costs may be used for multiple products, so how do we much each product

ot be specifically attributed (directly traced) to one p roduct. If we don’t know, we have to estimate or allocated these cost

hese aspects too in this module.




8: Introduction. Management And Accounting Web Home Page. Retrieved from http://maaw.info/Chapter8.htm

ction titled Modern management of costs and quality) and 20 (the section titled Activity based costing). Retrieved from htt

e. First Global Text Edition, Volume 2 Managerial Accounting, 37-73. Retrieved from http://docs.globaltext.terry.uga.edu:8095/anonymo
ow do we much each product consumes of common (overhead) resources.

stimate or allocated these costs to the various products to estimate the unit cost of a product. We’ll never know the exact c




d costing). Retrieved from http://www.principlesofaccounting.com/

text.terry.uga.edu:8095/anonymous/webdav/Accounting%20Principles/Accounting%20Principles%20Vol.%202.pdf
t. We’ll never know the exact cost, but having a reasonable estimate is useful for many types of decisions.
s of decisions.
ACC202 - Managerial Accounting
Module 2 - Case
Allocation of Fixed Costs


This case has two separate parts.

Part I:

How can activity based manageme nt and activity based costing (ABC) benefit an organization? Specifically, ad

     How does ABC differ from other allocation methods?
     Describe the main characteristics of ABC.
     What type of companies tends to benefit from ABC?
     Comment on a company (research Internet) that has implemented ABC.
      What type of company is it?
      Was it successful?




Part II:

The below concepts are all applied by many business in an attempt to be more efficient and reduce costs. Creat

     Lean manufacturing
     Just-in-time
     Theory of constraints
     Total quality control
     Value chain

   Grading rubric. Click here.




When your paper is done, send it in to CourseNet.
tion? Specifically, address the following points.




d reduce costs. Create a table describing at least three of the concepts below and how implementation may benefit an org
mentation may benefit an organization.
ACC202 - Managerial Accounting
Module 2 - SLP
Allocation of Fixed Costs




Herrestad Company does produce and sell two products and the details below will be used to prepare a segmen



Background information
                                            Total           Prod A           Prod B
Beginning inventory                               0
Units produced                                10,000              2,500           7,500
Units sold                                     8,000              2,000           6,000

Selling price per unit                          $300                 540              220
Variable costs per unit
 Direct material                                    120              270              70
 Direct labor                                        90               60              60
 Variable overhead                                   40               85              25
 Variable selling and admin. exp.                   10               13                9


Fixed costs
 Fixed manufacturing overhead                250,000

 Fixed selling and administrative            100,000



Production runs (not $)                             100              75               25
Number of sales reps (not $)                         30              20               10

Here are the first few lines of the segmented income statement to help you get started. Complete the statemen




                                 Herrestad Company
                           Segmented Income Statement
                         For the period ending Dec. 31, 2011
                                             A              B                 Total
Sales                                    $1,080,000      $1,320,000         $2,400,000
Variable costs:
 Direct material                             540,000           420,000          960,000
The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show com




  Grading rubric. Click here.




When your paper is done, send it in to CourseNet.
l be used to prepare a segmented income statement (showing the income for each product and the total) for the company




tarted. Complete the statement in good format and make sure you allocate the fixed costs to the two products. When done
estions listed above. Show computations, discuss the results and include references in APA format.
and the total) for the company. Use ABC to allocate all fixed costs to the two products.




o the two products. When done, comment on the information and the relative profitability of the two products.
the two products.
ACC202 - Managerial Accounting
Module 3 - Background
Budgeting




Financial budgets should not only provide a plan for the income statement but should also include the balance s

There are three major types of budgets: (1) operating budget, (2) financial budget, and (3) capital budget. The

An operating budget serves multiple purposes.

     gt;It forces managers and supervisors to plan
     It provides information that can be used as a tool for improve decision making
     It provides information that can be used for control and performance evaluations
     It improves the functions of communication and coordination

Required material

Edwards, J.D., Hermanson. R.H. & Invacevich, S.D. (2007). Accounting Principles: A Business Perspective. First Global Text Edit

Walter, L.M. (2011). Principles of Accounting: A Complete Online Text , chapters 21 and 22 (the section titled T

Optional resource(s)

Accounting for Management (n.d.). Target Costing Approach to Pricing. Retrieved from http://www.accountingformanageme
include the balance sheet. This enables the organization to consider potential cash-flow needs for your entire operation, n

) capital budget. They are all important, however, the emphasis is on the operating budget in this course.




e. First Global Text Edition, Volume 2 Managerial Accounting, 108-113, 128-134, 165-169 and 181-183. Retrieved from http://docs.global

(the section titled Traditional variance calculations for monitor cost and efficiency). Retrieved from http://www.principles




countingformanagement.com/target_costing_pricing_products_and_services.htm
ur entire operation, not just as they pertain to income and expenses.




from http://docs.globaltext.terry.uga.edu:8095/anonymous/webdav/Accounting%20Principles/Accounting%20Principles%20Vol.%202.pd

ttp://www.principlesofaccounting.com/
ing%20Principles%20Vol.%202.pdf
ACC202 - Managerial Accounting
Module 3 - Case
Budgeting

This case has two parts.


Part I.

We have learned about the basic ideas of managerial accounting during the first two modules. Let’s try to apply
this knowledge and review a sample budget for a charter school

The first requirement of this case relates to the planning function of a budget. Comment

 Is this a static or flexible budget?
 What are reimbursements and expenses per student?
 Which are the highest expense categories?
 Do all expenses seem necessary?
 Is this school viable? How many students does the school need to break even (show your
 What are the general benefits of preparing this budget?
 Discuss how this budget is likely to be used.

Part II.

Use the background material and Internet to answer the following questions.

The second requirement of this case relates to the control function of a budget.

 Variance analysis is a traditional tool used for planning and control. Comment on
 advantages and disadvantages of using this approach for performance evaluations.
 Do you have any suggestions for complementary or alternative performance measures?

   Grading rubric. Click here.
   When your paper is done, send it in to CourseNet.
ACC202 - Managerial Accounting
Module 3 - SLP
Budgeting


Differential analysis involves knowing which costs are relevant, i.e. future costs that vary among alternatives. I

Herrestad Company receives an offer to make a new product, called C, for a new customer. The customer want

     Make a list of the expenses and amounts that are relevant for this decision. How much with the sale of this
     What if the company only pays $160 per unit? How does this change the contribution towards profitability?
     If you were the manager, would you accept this order? What considerations, other than financial would ent

The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show com

Grading rubric. Click here.

When your paper is done, send it in to CourseNet.
among alternatives. It is important to know what information to use and not just how to execute the analysis.

. The customer wants to buy 1,000 units. Product C has the same cost structure as product B with three exceptions. The n

h with the sale of this product contribute to the profitability of Herrestad?
 towards profitability?
 n financial would enter into your decision?

ted above. Show computations, discuss the results and include references in APA format.
cute the analysis.

B with three exceptions. The new customer is only willing to pay $180 per unit, direct materials costs will decrease by $15
als costs will decrease by $15 per unit and Herrestad does not have to incur any variable selling and administrative expen
ling and administrative expenses.
ACC202 - Managerial Accounting
Module 4 - Background
Integration and Reflection


Before you go...

Your module 6 task:

     Participate in two threaded discussions.

     You are to prepare a reflective essay in which you address each of the following items:

     1.   Descriptions of how you feel you improved your knowledge, skills, abilities, and yourself in this session
     2.   Evaluation of the work you did during the session for the class and explanations of ways you could hav
     3.   Topics you have identified that you did not understand or were not successful in trying to implement a
     4.   Ways you might measure the future effects of what you have learned in this course or your future prog
     5.   State whether you achieved the course objectives (listed on the course syllabus page)

This Self Reflective Essay is a REQUIRED course component. You need to upload the essay in the cor
ourself in this session through this course.
f ways you could have performed better.
rying to implement and suggestions you may have about how to improve the course material on those topics.
 e or your future progress/improvement;



he essay in the corresponding area of CourseNet.
l on those topics.
Not Yet posted I wi
I will update later
Not Yet posted I wi
I will update later
Not Yet posted I wi
I will update later
Not Yet posted I wi
I will update later
Not Yet posted I wi
I will update later
ECO202 - Macroeconomics
Module 1 - Background
Introduction to Macro-Economics: Fiscal and Monetary Policy

Required:

Powerpoint Presentation

 Eveland JD (nd). Key terms for Module 1. TUI University

Notes

 Freeman (2009) Notes on quoting and referencing. TUI University. Like the other resources in this section this
 reading is required. Graders will take it that you have read and understood these notes prior to you submitting
 Freeman (2009) How to Study. TUI University.

Online resources

 Drexel courses in Economics, Essential Principles of Economics: A Hypermedia Text. Accessed on June 12, 2011

 Franke, M, Theories and their significance for reality A general and special
 explanation. Accessed on June 12, 2011 at http://www-e.uni-

 < li>Orley, A. A Pedestrian's Guide to Economics, Amos web.com, particularly his Brief Introduction to Get You

           Read Orley's Introduction and his interesting discussion on why economists disagree about

 Brown W S 1999 Is Economics Becoming a Hard Science? / Why Economists Disagree. Review of Political
 Economy. Apr. 11:2. Review of Antoine d'Autume & Jean Cartelier (Eds), Is Economics Becoming a Hard

Weil, D. The Concise Encyclopedia of Economics http://www.econlib.org/library/Enc/FiscalPolicy.html

          The above is an excellent introduction to the area of fiscal policy.

 Federal Reserve Bank of San Francisco http://www.frbsf.org/publications/federalreserve/monetary/affect.html
 The above introduces monetary policy and how it affects the economy.

Optional readings:

For additional background information, check out the links below. Do not feel that you

One of the best PP set of slides for the entire course can be viewed at the following web site: It was prepared for

http://www.swlearning.com/economics/mankiw/mankiw3e/mankiw3e.html
His famous Ten Principles are in the PowerPoint presentation Retrieved June 12, 2011

[A funny view of the famous 'ten principles' can be found here.]

Web site: Economics on the Web. The site always has interesting current links as well.

Roubini, N. (New York University). Understanding the World Macroeconomy. Accessed on
February 12, 2011, at //pages.stern.nyu.edu/~nroubini/MACRO3.HTM"

 Eveland, JD, 2008. Money and Monetary Policy. TUI University.
 The Structure of the Federal Reserve System. Accessed at the Federalreserve.gov website, June 12, 2011.
 Tobin, James. (nd) Monetary Policy. Accessed at the econlib.org website, June 12, 2011.
 Federal Reserve Bank of San Francisco (2007). U.S. Monetary Policy: An Introduction, About the Fed, Accessed
 Modern Macroeconomics in Practice: How Theory is Shaping Monetary Policy. Accessed June 12,
 Amos, O. (n.d.). Borrowing through the financial markets. A Pedestrian's Guide to the

One of the best PP slides for the entire course can be viewed here. It was prepared for the textbook of Professor
Mankiw. Click on "Instructor's Resources" on the left, and then scroll down to the PowerPoint Presentation links

Federal Reserve Bank of San Francisco, Glossary of Terms, Web Site. Accessed at the Federal Reserve Bank of San

Professor Nouriel Roubini (New York University), sometimes referred to as "Dr. Doom" for his rather bleak
prognosos on current economic woes) has an interesting online macroeconomics course available here. You
ECO202 - Macroeconomics
Module 1 - Case
Introduction to Macro-Economics: Fiscal and Monetary Policy



     The Two Branches of Macro-Economic Theory



            Thinking like a Macro-Economist:



                Fiscal and Monetary Policy


Macro-economics is perhaps the most divisive area of
economics when applied to political decision making, and
macro-economists divide themselves into different schools of
thought. Two of the biggest camps are the Keynesians and
the Monetarists. Keynesians and post-Keynesians follow the
theories of John Maynard Keynes, the most-celebrated
economist of the 20th century who proposed that government
stabilize the economy with the use of fiscal policy.
Monetarists, on the other hand, follow Milton Friedman, the
Nobel Prize winning economist, who advocated the use of
monetary policy by government.


For this assignment do some research on the ideas of Keynes
and Friedman. Focus on the "big picture" of what their main
ideas are and how they have influenced policy makers. Then
write a 3 to 4-page paper addressing the following questions:


Please repeat the case questions below on the title page of
your paper.



1. Explicitly define both fiscal and monetary policy.
 2. The Federal Reserve policy makers use several
different tools to influence the money supply and
interest rates. Identify and briefly describe these
tools. Include in your answer the difference between
expansionary and contractionary monetary policies.


 3. Compare and contrast the way Keynes and
Friedman approach the economy. What are their key
differences in what they advocate for government
economic policies? (Note: There is no need to include
biographical information about their lives)


 4. The following are five current or historical
government actions dealing with macro-economic
policy. For each scenario determine if it represents
fiscal policy or monetary policy, and explain your
answer.

a. President Obama has proposed a budget for the
next year and the House of Representatives has
proposed their own budget that has major differences
with the President's.

 b. When President Clinton was in office during the
1990's there was an intentional policy of reducing
interest rates, both short and long-term.

 c. Beginning with the Bush administration and
continuin g with the Obama administration there was a
bailout of the financial system.

 d. To avoid a stalemate with Congress that could have
prevented any new legislation from being passed, the
President and Congress, in December 2010, reached an
agreement on extending the Bush era tax cuts for an
additional two years.

 e. Paul Volker was chairman of the Federal Reserve
system in the late 1970's and through most of the
1980's. In the late 1970's and into the early 80's the
United States was experiencing high inflation, reaching
double digits of 10% and more. To reduce the inflation
rate Mr. Volker dramatically increased interest rates to
slow down the economy. This action plunged the US
into a steep recession but brought inflation down to
normal levels.
Case assignment expectations:

Use information from the modular background readings as
well as any good quality resource you can find. Make sure
you cite all resources you use and provide a reference list at
the end of your paper.

LENGTH: 3-4 typed and double-spaced pages.



In addition to the overall quality, depth, grammar, and
organization of the paper, the following will, in particular, be
assessed:



1. The level of your understanding of the key concepts that
make the two economists both similar and dissimilar.


2. Your ability to apply the theory by analyzing past and
current economic actions as given in question 2.



3. Some in-text references to modular background readings
(APA formatting not required).



Drexel courses in Econo mics, Essential Principles of
Economics: A Hypermedia Text. Chapter 28, Controversies in
Macroeconomics 1, 2. Monetarism,

http://willi am-
king.www.drexel.edu/top/prin/txt/EcoToC.html




http://nobelprize.org/nobel_prizes/economics/laureates/1976/friedman-
autobio.html
http://www-history.mcs.st-andrews.ac.uk/Mathematicians/Keynes.html




Upload your assignment to Coursenet.
ECO202 - Macroeconomics
Module 1 - SLP
Introduction to Macro-Economics: Fiscal and Monetary Policy




For the 5 the Session-Long projects, you will be asked to select a reference organization
to use as a focus for your application of economic ideas. You must use the same

The following are some guidelines to help you select an organization:

- It could be your current or a past workplace

You do not have to be affiliated with the organization you write about, as long as you can
find information about it. It could be a public corporation with common stock, a business
you shop at, or a place where a friend, relative, or spouse works or owns. It can also be a

It could be an organization that you are familiarize with from reading the news, from

It would be highly desirable for you to select an organization that is not a military unit.
This is only a suggestion and is based on the fact that the kind of economic transactions
that military operations participate in are often more difficult to fit into the standard
economic concepts. Thus, you find yourself having to stretch your interpretation,
sometimes with difficulty, in order to apply economic concepts to their activities. It's not
that it can't be done; however, it puts you to a lot of extra work for very little additional

Please note that you will not be asked to disclose any intimate or awkward material about

For the Module 1 component of the Project, please address the following questions in a 2

Please repeat the questions below on the title page of your paper

     1. Identify and briefly describe the organization you are going to use. Why
do you think it will be an interesting focus for your application of

       2. Pick two of the Big Ideas referred to in the Powerpoint presentation

Think about the financial situation for your reference organization. If you're
using an unconventional organization, you may have to get a little creative here.
    3. Assess the overall financial health of your organization? What are good
    and bad signs, if any, in your assessment? Measures of financial health may
    include sales and/or profit increases or decreases, if employees are being
    hired or laid off, maj or new orders being placed or orders being cancelled.

    4. To what extent is your organization's financial health affected by either
    fiscal or monetary policy (pick one)? Please give at least one specific

http://www.cdad.tuiu.edu/Presentation.

SLP assignment expectations:

LENGTH: 3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper,

1. Your ability to apply economic concepts to a given single organization.
ECO202 - Macroeconomics
Module 2 - Background
Macro-Economic Indicators: GDP, CPI, Unemployment, Interest Rates


&

Required:

    Eveland JD. 2008. Economic Indicators in Macroeconomics. TUI University.
    Moffatt M. (n.d.). Glossary of economic terms. Viewed at About.com website June 14, 2011 at:
    http://economics.about.com/library/glossary/blglossary-new.htm
    Amos, O. (n.d.). A Random Walk Through Some ECONOMIC STATISTICS. A Pedestrian's Guide to
    the Economy. Retrieved June 14, 2011 from:
    http://www.amosweb.com/cgi-bin/awb_nav.pl?s=pdg
    Schmitt, E. (n.d.) National Income Accounting, Retrieved June 14, 2011 from:
    http://www.oswego.edu/~edunne/200ch5.html

Roubini, N. (New York University), Understanding the World Macroeconomy (Chapters 1

       http://pages.stern.nyu.edu/~nroubini/LNOTES.HTM

On-Line Text Materials:

One of the best PP slides for the entire course can be viewed at:

       http://www.swlearning.com/economics/mankiw/mankiw3e/mankiw3e.html

       Viewed June 14, 2011

       It was prepared for the textbook of Professor Mankiw. Click Student Resources and
       find the right chapter that refers to the material in the present Module. See in

       Barnes, R. Economic Indicators: Overview




    http://www.investopedia.com/univer quot;> sity/releases/
    Retrieved June 14, 2011
    This is an overview of 25 macro-economic indicators and gives an excellent summary of each and
    explanations of their importance.
terest Rates
ECO202 - Macroeconomics
Module 2 - Case
Macro-Economic Indicators: GDP, CPI, Unemployment, Interest Rates




Examine the most recent issue of International Economic Trends , published by the
Federal Reserve Bank of St. Louis. The figures you see in the graphs are percent
changes compared to the year before, in economic data for seven countries and the Euro

  International Economic Trends is found at this site:

    http://research.stlouisfed

    You must use this site for your base information but you are welcome to use one or

    When you click on the link above you come to a summary screen with several
    economic indicators for several different countries. You can click on the short or long-
    term charts for each individual country, but on the far right there is a cross country
    comparison that yo ; u can access, and this is best for the multiple country
    comparisons you will be doing. When using the cross country comparison first make

    For each of the first four questions below, the macro-economic indicator you are asked
    to compare will be stated in two ways. First will be the title of the column on the left
    of the opening screen, as it is stated on the opening screen of the database. Second,

Each of the 5 questions below require you to compare the United States, Japan, Canada,

For this case, write a 4-5 page report addressing the following questions.

Please repeat the questions below on the title page of your paper

    1. Compare the four countries in terms of Output and Growth (Real GDP).
The analysis should only cover the period from the beginning of 2008 to   the

   2. Compare the four countries in terms of Productivity (Output Per
Worker). The analysis should only cover the period from the beginning of

     3. Compare the four countries with respect to Inflation and Prices (CPI).
 The analysis should only cover the period from the beginning of 2008        to

     4. Compare the four countries regarding the Labor
Market (Unemployment Rate). The analysis should only cover the period from
    This is a difficult part because instead of reporting and ranking the indicators
    you must look at them as a whole, in an analytic manner to arrive at

     5. After reviewing the recent economic indicators for these countries, which
    is the country that currently has the strongest economic recovery at the
    present time. Make certain you confine your choice to only one country and

    In the first 5 questions you examined the recent past and present of economic
    indicators that measure the health of an economy. Interest rates are also tied to that

      6. The link below takes you to a site that shows you various Treasure
security yields and how short and long-term yields differ. This is called
 the term structure of interest rates and when graphed it is called a yield curve.

http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield.shtml

 The Fedeeraql Reserve has written an interesting article on yield curves as a leading

    http://www.newyorkfed.org/research/capital_markets/ycfaq.html

 Economic Focus | What goes around, The Economist , June 9, 2007, retrieved from the

    http://proquest.umi.com/pqdweb?did=1284761571&sid=1&Fmt=3&clientId=29440&RQT=309&VName=P

    Case assignment expectations:

Use information from the modular background readings as well as any good quality
resource you can find. Make sure you cite all resources you use and provide a reference

LENGTH: 4-5 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the

1. Your ability to present comparative economic data in a clear and precise manner.

2. Your ability to analyze comparative economic performance to arrive at conclusions

3. Some in-text references to modular background readings (APA formatting not
terest Rates
ECO202 - Macroeconomics
Module 2 - SLP
Macro-Economic Indicators: GDP, CPI, Unemployment, Interest Rates




For this and all the remaining SLP assignments you will continue to use your reference

For this Module, think about macro-economic indicators of performance, and how recent
changes in these indicators have affected the performance of your organization. For
example, how does the change in GDP affect the sales, profitability, expansion plans or
competitiveness of your organization. Or, as another example, has the rise in the national

Below are three examples of what is required for this assignment. The first two are
examples of correct approaches and the third is an example of an incorrect approach.

Sample Mini-Analysis (1):

My organization is a beauty shop/spa that caters to middle class women. With the
recession and rise of unemployment the shop has had decreased revenue and profit. This
has been particularly true of the spa part of the business because that is more of a luxury

Notice that the primary focus was on how this macro-economic indicator has affected the

Sample Mini-Analysis (2):

I will begin with the Employment Cost Index (ECI) and why it is important to the well being
of TLMP. Companies such as TLMP must be able to anticipate inflation and the impact it will
have on currency exchanges and how that would impact their international production and
trade. The reason ECI is of less importance to TLMP then some of the other indicators, is

Notice that the above emphasizes the effect the ECI will have on the costs to TMLP and
management has to engage in planning if these costs are expected to increase. It also
demonstrates that even though ECI is an important index it is limited in its ability for TMLP

Sample Mini-Analysis (3):

The management of Pleble Corporation uses the Retail Sales report for its planning. They
compare the sales of Pleble on a month to month basis, and break it down by its various

Notice that this is NOT a correct focus. There is an important macro-economic indicator
called the Retail Sales Report but the above analysis, after mentioning it, goes into a
discussion of Pleble's sales report, and that is not a macro indicator because it is only
about one company, not the entire economy. The proper focus would have been to utilize
the national sales report in a way that would have helped Pleble management to forecast
There are literally thousands of macro-economic indicators that are reported. Keep in
mind that a given organization, such as a home builder, may be affected by housing starts,
even though that indicator may have no affect on a defense contractor. It may help if you

 http://www.investopedia.com/university/releases/
 Please address the following questions in a 2-3 page MS Word document:
 Please repeat the questions below on the title page of your paper
  1. Select three macro-economic indicators that you feel have the greatest impact on
 the operations and/or planning for your SLP organization.             Remember that an
 economic indicator measures a change in the general or in a specific aspect of the
        2. How sensitive do you think your organization is to economic expansions
 (upswings) and contractions (downswings or recessions)? Explain. If             you believe
 that your organization's performance is not sensitive to general economic business
 cycles, then explain why it is stable as the                  economy moves up and down.
      SLP assignment expectations:

Use information from the modular background readings as well as any good quality
resource you can find. Make sure you cite all resources you use and provide a reference

LENGTH: 2-3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the

1. Your ability to choose appropriate macro-economic indicators that apply to your

2. How well you are able to relate macro-economic indicators to the condition and
terest Rates
ECO202 - Macroeconomics
Module 3 - Background
Fiscal Policy: Government Expenditures and Revenues, Budget, Nationa


Required:

Eveland JD, (nd). Fiscal Policy and the Role of Government. TUI University.

Kane, J., EconDebates Online/www.swcollege.com/bef/policy_debates/econ_debates_fiscal_policy.html"> , Web

Roubini, N. (New York University), Understanding the World Macroeconomy, Web Site. Accessed on June 15, 2

Steinberg, E. (2000), Understanding the Federal Budget, Public Information Department, Federal Reserve Bank of New York, A

On-Line Text Materials

One of the best PP slides for the entire course can be viewed at the following web site: It was prepared for the textbook of Pr

See in particular the PowerPoint presentation on influences on the economy and on aggregate demand.

This page on Fiscal Policy viewed at http://www.finpipe.com/fiscpol.htm June 15, 2011, is a good place to start




Steinberg, E. (2000), Understanding the Federal Budget, Public Information Department, Federal Re

June 15,2011




athttp://www.newyorkfed.org/education/addpub/budg4.pdf




On-Line Text Materials

One of the best PP slides for the entire course can be viewed at the following web site: It was prepared for the textbook of Pr

See in particular the PowerPoint presentation on influences on the economy and on aggregate dema

Optional Readings
Professor Nouriel Roubini (New York University) has an interesting online macroeconomics course available here. You might

The Resources for Economists page always has interesting and current links to follow up.

ot;_blank">Economics on the Web always has interesting current links as well.
udget, National Debt




 _policy.html"> , Web Site. Accessed on June 15, 2011, athttp://www.swlearning.com/economics/policy_debates/econ_de

cessed on June 15, 2011, athttp://pages.stern.nyu.edu/~nroubini/MACRO3.HTM

rve Bank of New York, Accessed June 15, 2011, athttp://www.newyorkfed.org/education/addpub/budg4.pdf




d for the textbook of Professor Mankiw. Click on "Instructor's Resources" on the left, and then scroll down to the PowerPoint Presentatio

gregate demand.

 a good place to start.




rtment, Federal Reserve Bank of New York, Accessed




d for the textbook of Professor Mankiw. Click on "Instructor's Resources" on the left, and then scroll down to the PowerPoint Presentatio

on aggregate demand.
ilable here. You might like to follow along with him for another take on our material.
omics/policy_debates/econ_debates_fiscal_policy.html




wn to the PowerPoint Presentation links for Principles of Economics.




wn to the PowerPoint Presentation links for Principles of Economics.
ECO202 - Macroeconomics
Module 3 - Case
Fiscal Policy: Government Expenditures and Revenues, Budget, Nationa


Macro-economic choices, particularly in the areas of fiscal policy, are not just about economics but about politic

The Congressional Budget Office (CBO) prepares reports for congress. It is a non-partisan office.

For this Case, please read "The Budget Outlook" section of the CBO's The Budget and Economic Outlook: Fi

http://www.cbo.gov/ftpdocs/99xx/doc9957/01-07-Outlook. pdf

The specific information you need for this case is on page 16 in Table 5. However, there is a great deal of inter

For question 6 you can access the proposals from the President's Commission on Deficit Reduction.

http://moneywatch.bnet.com/economic-news/blog/daily-money/deficit-reduction-proposals-what-they-could-mean-for-you

Prepare a 4 to 5-page paper addressing the following questions:

Please repeat the questions below on the title page of your paper

    1. What are the three major categories of revenues for the federal government? Please comme

    2. What are the three major categories of expenditures for the federal government? Please com

    3. Discuss the current level of the Federal debt, and the past trend of the debt level. Discuss wh

    4. Assume you are the Chief Economic Advisor to the President of the United States and the Pre

    5. Economists classify macro-economic indicators as leading, lagging, or coincident. Define each classification and giv


     6. All major economic indicators show the United States is recovering from the recession but that the process is not a


Ensure that you repeat the case question (shown in bold above) verbatim on the title page of your paper.

Case assignment expectations:

Use information from the modular background readings as well as any good quality resource you can find. Make

LENGTH: 4-5 typed and double-spaced pages.

In addition t o the overall quality, depth, grammar, and organization of the paper, the following will, in particul
1. Analytical skills that allow you to draw conclusions, questions 3 and 4, on federal budget projections.

2. Critical thinking skills, question 5, on formulating policy about budgetary matters.
udget, National Debt


mics but about political phil osophies, values and goals. This Case asks you to think about some of these dimensions.




onomic Outlook: Fiscal Years 2009 to 2019 normal;">, dated January 2009, at




 a great deal of interesting information in this document and I encourage you to look through it and see what it contains.




 ey-could-mean-for-you/156 7/




nt? Please comment on each and indicate their relative importance to each other.

nment? Please comment on each and indicate their relative importance to each other.

 t level. Discuss whether or not you are concerned about the current and future projected debt and level of as

 States and the President has asked you to review the deficit reduction proposals that were submitted by his co

 h classification and give two examples of each, relating them to the recession that began in 2007 and the recovery that is now under w


hat the process is not as strong as previous recoveries have been. If you were the President what would you do right now to help the ec


e of your paper.




ce you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.




owing will, in particular, be assessed:
et projections.
ome of these dimensions.




h it and see what it contains.




ojected debt and level of associated interest expense.

at were submitted by his commission (see link above). Choose the two commission recommendations you ag

the recovery that is now under way.


ld you do right now to help the economy recover so that the unemployment rate decreases faster than it has over the past two years?




end of your paper.
n recommendations you agree with the most and write an explanation to the President as to why those two sh




it has over the past two years?
dent as to why those two should be enacted into law.
ECO202 - Macroeconomics
Module 3 - SLP
Fiscal Policy: Government Expenditures and Revenues, Budget, Nationa

Monetary and fiscal policies, and the trends in the economic environment over time, can
have both subtle and major affects on almost all organizations. The purpose of this SLP
assignment is to have you examine your organization regarding how it is affected by these
economic variables and policies.


You are to place yourself in the position of being a paid lobbyist for your organization. Pick
two or three major fiscal or monetary policy initiatives you would lobby Congress about.
However, this is not in general, this is for your organization, not for the economy as a

For the Module 3 component of the Project, please address the following question in a 2 to

Please repeat the question below on the title page of your paper

1. As your organization's lobbyist, what would you like to see done by the
Federal government that would be of help to your organization? This could be
what the government could do or what they could stop doing. It can be all fiscal,
all monetary, or a mix of each type of policy. As a lobbyist it is not your job to be
concerned with the deficit, or the environment, or the general health of the
financial system (unless, of course, you are lobbying for an environmental,
financial, or deficit reduction group). Your answer to this question can give an

SLP assignment expectations:

Use information from the modular background readings a s well as any good quality
resource you can find. Make sure you cite all resources you use and provide a reference

LENGTH: 2-3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the

1.. Analytical ability in relating Federal policies to the specifics of your organization.

2. Your ability to relate Federal government activity to your specific organization.
udget, National Debt
ECO202 - Macroeconomics
Module 4 - Home
Integration and Reflection


Modular Learning Objectives

By the end of this module, the student shall be able to satisfy the following outcomes expectations:

     Case
      Prepare and submit a self-reflective essay. Reflect upon and integrate course concepts.
     TD
      First TD: What functions of federal government, if any, would you want to see eliminated? Second TD: Give

Course Overview


As your study of this course content draws to a close, it is important to "step back" and reflect on new levels of

The course objectives were:

1. Demonstrate a comprehensive knowledge of terms associated with basic macro-economics.

2. Measure and explain macroeconomic performance.

3. Critically evaluate the role of the Federal Reserve’s monetary policy and link it to impacts on interest rates, i

4. Critically assess government fiscal policies and budget deficits on the economy's performance.

5. Examine the evolution of busines s cycles and evaluate dynamic changes in the economy.

6. Reflect upon and integrate course concepts

In your task for Module 4 consider these and review the course content in order to deepen your understanding

Your module 4 task:

You are to prepare a reflective essay in which you address each of the following items:

1.    Descriptions of how you feel you improved your knowledge, skills, abilities, and yourself in this session thr

2.    Evaluation of the work you did during the session for the class and explanations of ways you could have pe

3.    Topics you have identified that you did not understand or were not successful in trying to implement and s

4.    Ways you might measure the future effects of what you have learned in this course or your future progress
5.   State whether you achieved the course objectives (listed above and course syllabus page)

This Self Reflective Essay is a REQUIRED course component (but not part of your final grade). You need to uplo
ted? Second TD: Given the readings and assignments in the course, identify and briefly discuss two important concepts ap




lect on new levels of understanding, skills, and knowledge that were developed as a result of your efforts throughout this




s on interest rates, inflation and the real economy .




your understanding of what is being taught.




elf in this session through this course.

ys you could have performed better.

g to implement and suggestions you may have about how to improve the                course material on those topics.

 your future progress/improvement;
de). You need to upload the essay in the corresponding area of CourseNet.
uss two important concepts applicable to your professional discipline.




 f your efforts throughout this course. It is particularly important to reflect on the course objectives (what you were intend




material on those topics.
ectives (what you were intended to learn in this course) and how well you achieved them.
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FIN301 - Principles of Finance
Module 1 - Background
The Role of the Financial Manager

 Required Readings:

 Financial Managers (n.d.) Retrieved July 21, 2007 from: http://www.ncbuy.com/careers/blsj/job010.html
 Kowalski, R. B., & Campbell, M. W. (2000). Leadership skills help financial managers achieve career success.
 Optional Readings:
 Finance and Accounting. (n.d.) Retrieved July, 2010 from MBA.COM . Click here to browse. This website
 A British description of the role of the financial manager, retrieved in July 2010 can be found here.

This article on What does it take to become a CFO is also a good information source.

It is always important, especially in a field like finance, to know what your words mean.

About.com glossary of financial terms.

For a thorough job description of a financial manager, read this article from the Bureau of Labor. This article
discusses the nature of the work involved in the position, working conditions associated with this job, and many

This reading called Why Finance Matters is a short but good introductory article that will give you a good
overview of the issues involved in being a financial manager. The focus of this article is on the decision making

On the extent to which CFO's perform well as CEO's see the following article below by Ida
Picker, published in Institutional Investor, in 1989. Reflect on her arguments. Are these

These articles below on financial managers are worth reading. They are available in
Proquest. If you are new to Proquest, go to library.tuiu.edu to enter the CyberLibrary and

Do CFOs Really Make Good CEOs
Institutional Investor; New York; Aug 1989; Picker, Ida;

Abstract:
With the proliferation of corporate takeovers, leveraged buyouts, and restructuring in the
US, it would seem that chief financial officers (CFO) hold the keys to executive wisdom.
Recruiters report a growing trend of grooming CFOs for chief executive officer (CEO)
positions, with some estimating that nearly 25% of top corporate leaders are former
CFOs. Analysts, academics, and headhunters agree that the ideal CEO communicates well,
is adept at managing managers, understands the company's product and operations, and
provides a consistent vision. A recent survey by Management Practices Quarterly reveals

Leadership skills help financial managers achieve career success
Healthcare Financial Management ; Westchester; Apr 2000; Robert B Kowalski; Manie W
Abstract:
Financial managers who want to distinguish themselves and their organizations need to
demonstrate their leadership ability. Because financial managers sometimes overlook the
need for leadership skills, cultivating mentors who can teach them specific leadership

Health-care financial managers can sharpen their leadership skills by distinguishing
between leadership and management, adopting a new mentoring model, evaluating the
usefulness of new management techniques, understanding the connection between
FIN301 - Principles of Finance
Module 1 - Case
The Role of the Financial Manager

Assignment:


Due to the increasingly complex nature of corporate finance, more and more corporations
are tapping their chief financial officer to become their chief executive officer. The CFO
brings substantial financial expertise to the position of CEO. However, there may be other

Please note that the CFO must have an external orientation: After all, the company is
owned by its shareholders and if the company is to operate so as to raise the value of the
shares it must consider not only the internal structure of the organization, its products,
competitors etc., but it must consider the interaction between what the company 'does',
and the way the 'market' evaluates its performance. It is the combination of the two that

Please read the articles below, which are both available in Proquest. You need to be
logged onto Proquest in order to access the links. If the links don't work you can look up

How a CFO can graduate to CEO
Corporate Finance ; London; Jun 1999; Janine Brewis;


Abstract:
Positions of power within corporates are highly sought after, and today's chief financial
officers and finance directors are increasingly becoming aware that they now have a
realistic opportunity of becoming CEO. Part of the reason for the trend towards recruiting
CFOs who can behave as strategic partners is that the investor community looks much
more critically at the business performance and management strengths and weaknesses


Do CFOs Really Make Good CEOs
Institutional Investor; New York; Aug 1989; Picker, Ida;

Abstract:
With the proliferation of corporate takeovers, leveraged buyouts, and restructuring in the
US, it would seem that chief financial officers (CFO) hold the keys to executive wisdom.
Recruiters report a growing trend of grooming CFOs for chief executive officer (CEO)
positions, with some estimating that nearly 25% of top corporate leaders are former
CFOs. Analysts, academics, and headhunters agree that the ideal CEO communicates well,
is adept at managing managers, understands the company's product and operations, and
provides a consistent vision. A recent survey by Management Practices Quarterly reveals

Assignment Expectations:
Read the two articles above, look for newer articles on the subject by browsing the web
and then write a two-page paper answering the following question:

     Do you think finance departments are the best place to train future
     CEOs? Provide two actual examples of CFOs of publicly-traded companies
     who became CEOs of publicly-traded companies within the past 5 years. Do

Include a discussion of both the pros and cons of hiring a CFO to be CEO. Try to cite at
least three articles in your paper in support of your arguments in favor of and against
hiring a CFO to be a CEO. Remember to include a reference list and to refer to the articles

Grading Rubric: Click here.
FIN301 - Principles of Finance
Module 1 - SLP
The Role of the Financial Manager

Assignment:


For this assignment, go to the Yahoo Stock Screener and use this page to find a publicly traded company that you
find interesting and would like to study for this class. The company should not be a bank or a financial institution

Assignment Expectations:

Write a two to three page paper discussing what you find interesting about this
company, and whether or not you think this company will have a successful
future. Get to the company's web site, into the "investors relations" section and provide
some financial highlights of your company for the past year . Indicate which stock
exchange the company is listed on and what was the past 12 month rate of return (% gain

In addition discuss briefly some information about the top management team including the
CEO and CFO. If there are any issues involved with the company that relate to the issues

Grading Rubric: Click here.
FIN301 - Principles of Finance
Module 2 - Background
Present Value and Capital Budgeting

 Part I
 Required Readings:
 One of the most common questions I get concerns "Where can I find the present value formula?".
 While almost all of the links in this Module include the formula, here is a link where the formula is
 FinanceProfessor.com (n.d.). Present value. Retrieved August 2008 from:
 However, do not just fixate on the formulas. While you need to know the formula for the
 assignments, you also need to understand the logic and intuition behind the formulas. The
 Notes and tutorials in finance, Retrieved August 2, 2007 from the following:
 http://home.ubalt.edu/ntsbschr/Other%20Pages/resources.htm
 Time Value of Money: Self Paced Overview. (n.d.). Retrieved February 25, 2009
 Optional Readings:
 The Time Value of Money. (n.d.). Retrieved August 1, 2007 from:
 This tutorial on The Time Value of Money is a good introduction to the module's topic. This reading is a useful
 place to start because it goes over the basic concept of the time value of money as well as some simple

This Page on Present Value includes a present value calculator. It also has come good numerical examples as

This Example of Present Value uses a hypothetical situation to illustrate the concept. This shows you how
corporate financial managers use the concept of present value to make major decisions about project finance

Discounting Future Income and Present Value is also a good interactive tutorial.




Part II

Required Readings:

Many of you are eager to start off with the formulas for capital budgeting, so this link is a

McCracken, M.E. (2005) Capital budgeting, retrieved August, 2008 from:

Here is an example of net present value using Microsoft Excel:

Microsoft Office Online, (n.d.) NPV, retrieved August 2008 from: http://office.microsoft.com/en-

Here is another example of net present value:

Anthes, G. (2003) ROI guide: Net present value, retrieved August 2008 from:

Lefley, F. (1995). Modified internal rate of return: Will it replace IRR?. Management Accounting, 75(1), 64-65.
Here are some examples of how to compute internal rate of return using Microsoft Excel:

Microsoft Office Online, (n.d.) IRR, retrieved August 2008 from: http://office.microsoft.com/en-

Advanced Excel Business Center, (2008), Internal rate of return, retrieved August 2009 from

For an example of the profitability index, see:

FinanceScholar.com, (n.d.). Profitability index - Investment rankings, retrieved August 200 8 from:

To gain a deeper understanding of capital budgeting beyond just the formulas, carefully

Summary of Capital Budgeting. (n.d.) Summary of Capital Budgeting, Retrieved August 1,
http://www.studyfinance.com/lessons/capbudget/index.mv

Lefley, F. (1997). Modified internal rate of return: Will it replace IRR?. Management Accounting, 75(1), 64-65.
Retrieved February 19, 2011 from http://www.highbeam.com/doc/1G1-19035236.html

Please review the following PowerPoint presentations:

Capital Budgeting:

http://cdad.tuiu.edu/Presentation.aspx?course=18&term=78&presentation=9046

Return on Investment:

http://cdad.tuiu.edu/Presentation.aspx?course=18&term=78&presentation=9045

Payback:

http://cdad.tuiu.edu/Presentation.aspx?course=18&term=78&presentation=9047

Optional Readings

For more reading on this topic check out this Capital Budgeting Slide Presentation. For an
FIN301 - Principles of Finance
Module 2 - Case
Present Value and Capital Budgeting

Assignment:


NOTE: This assignment is in two parts. You need to turn in both Part I and Part II to
receive full credit for this assignment.




Part I: This part of the assignments tests your ability to calculate present value.



A. Suppose your bank account will be worth $15,000.00 in one year. The interest rate
(discount rate) that the bank pays is 7%. What is the present value of your bank account
today? What would the present value of the account be if the discount rate is only 4%?


B. Suppose you have two bank accounts, one called Account A and another Account B.
Account A will be worth $6,500.00 in one year. Account B will be worth $12,600.00 in two
years. Both accounts earn 6% interest. What is the present value of each of these
accounts?

C. Suppose you just inherited a gold mine. This gold mine is believed to have three years
worth of gold deposit. Here is how much income this gold mine is projected to bring you
each year for the next three years:

Year 1: $49,000,000

Year 2: $61,000,000

Year 3: $85,000,000

Compute the present value of this stream of income at a discount rate of 7%.
Remember, you are calculating the present value for a whole stream of income, i.e. the
total value of receiving all three payments (how much you would pay right now to receive
these three payments in the future). Your answer should be one number - the present
value for this gold mine at a 7% discount rate but you have to show how you got to this
number.
Now compute the present value of the income stream from the gold mine at a discount
rate of 5%, and at a discount rate of 3%. Compare the present values of the income
stream under the three discount rates and write a short paragraph with conclusions from
the computations.




Part II: Capital Budgeting Practice Problems




A. Consider the project with the following expected cash flows:



  Year           Cash flow
   0          - $400,000
   1            $100,000
   2            $120,000
   3            $850,000



 If the discount rate is 0%, what is the project's net present value?


 If the discount rate is 2%, what is the project's net present value?


 If the discount rate is 6%, what is the project's net present value?


 If the discount rate is 11%, what is the project's net present value?


 What is this project's modified internal rate of return?


Now draw (for yourself) a chart where the discount rate is on the horizontal axis (the "x"
axis) and the net present value on the vertical axis (the Y axis). Plot the net present value
of the project as a function of the discount rate by dots for the four discount rates.
Connect the four points using a free hand 'smooth' curve. The curve intersects the
horizontal line at a particular discount rate. What is this discount rate at which the graph
intersects the horizontal axis?

[You can't upload the graph unto Coursenet. Look at the graph you draw and write a short
paragraph stating what the graph 'shows"]..


B. Consider a project with the expected cash flows:
  Year         Cash flow
  0          -$815,000
  1           $141,000
  2           $320,000
  3           $440,000


 What is this project's internal rate of return ?

 If the discount rate is 1%, what is this project's net present value?


 If the discount rate is 4%, what is this project's net present value?


 If the discount rate is 10%, what is this project's net present value?


 If the discount rate is 18%, what is this project's net present value?


 Now draw (for yourself) a chart where the discount rate is on the horizontal axis (the "x"
 axis) and the net present value on the vertical axis (the Y axis). Plot the net present
 value of the project as a function of the discount rate by dots for the four discount rates.
 Connect the four points using a free hand 'smooth' curve. The curve intersects the
 horizontal line at a particular discount rate. What is this discount rate at which the graph
 intersects the horizontal axis?
 [You can't upload the graph unto Coursenet. Observe the graph and write a short
 paragraph stating what the graph shows]


C. A project requiring a $4.2 million investment has a profitability index of 0.94. What is its
net present value? (Remember: Profitability Index is defined as Present Value of the
proceeds divided by the initial investment)




Assignment Expectations:


Turn in both Part I and Part II in one Word document to coursenet.tuiu.edu. Parts I and
II should each be two pages long and contain your calculations.
Grading Rubric: Click here.
FIN301 - Principles of Finance
Module 2 - SLP
Present Value and Capital Budgeting


Assignment:

Part I

One specialized type of security is called an equity futures. This is a contract that guarantees you a share of a p

Using the Yahoo Finance take a look at the five year chart for your reference company (the one you chose for SLP1). Using th

What do you think would the futures price of 100 shares of your reference company to be delivered




Part II

Every company has capital projects. The company you have selected must need something! Be it a new wing

Once you have identified the new possible investment item, what problems are you going to have in estimating

   Risk
   Cost
   Politics (getting it through committees)
   Public Relations
   etc.,

Identify a potential capital project for your company describe such a project and write a short summ




Assignment Expectations:

Part I:

This part is to be two pages long. You DO NOT need to use complex mathematical formulas for this assignmen

Do you expect the price of the shares in one year to be much higher? Or lower? Or only a little bit higher?

How risky the stock is. Is its price prone to wild swings up and down? Or has the price been relatively stable the

What alternative investments you have access to. What rate does your bank give you on a savings account or c
Part II:

This part should be two to three pages in length, and should have references to the background materials or ot

Grading Rubric: Click here.
 es you a share of a particular company to be delivered to you not today, but sometime in the future, at a price that is dete

hose for SLP1). Using this chart and other information you can find on this company, write a paper answering the following question:

any to be delivered to you in one year be right now?




g! Be it a new wing to the building, a new product line to be funded, a new piece of equipment, find one new acquisition y

to have in estimating the cash flow that might be emanating from the initial investment and problems in getting it funded?




write a short summary of the problems you see in getting the funding to see it through.




as for this assignment. Instead, think about how much do you think the market value of 100 shares of your company will b

ittle bit higher?

n relatively stable the last few years?

 savings account or certificate of deposit? The greater return you can get on other investments, the less you would be will
ound materials or other sources you found for this paper. It must discuss both the estimates of the initial investments and
e future, at a price that is determined by the market right now. This price is usually called the futures price of the stock (

ering the following question:




ent, find one new acquisition your company needs.

problems in getting it funded? Issues might be:




shares of your company will be in one year? In considering the possible answers please reflect also on the following:




nts, the less you would be willing to pay for an equity future.
s of the initial investments and the annual incremental after-tax cash flow that is expected to emanate from the investmen
he futures price of the stock (note - the term is plural - "futures"). If you 'buy' this futures, you don't pay for the shares n




ect also on the following:
o emanate from the investment.
you don't pay for the shares now. You are actually signing a contract whereby you are committed to pay that price in a pa
mitted to pay that price in a particular date in the future, and you are guaranteed to receive one share of the company at th
one share of the company at that time, irrespective of its actual market price at that future date. Suppose for example tha
ate. Suppose for example that the futures price of the XYZ Company is $40. Suppose you 'buy' a 6-months futures contra
buy' a 6-months futures contract. If six months later the share price is $45, you gain $5 per share. If the market price in 6
share. If the market price in 6 months is only $35, then you lose $5.
FIN301 - Principles of Finance
Module 3 - Background
CAPM and Sources for Capital

 Part I

 Required Readings:
 I personally recommend reading up on the basic concepts behind the Capital Asset Pricing Model
 first before worrying about the formula. But still many of you are eager to learn the formulas first,
 so here are a few links below. But don't fixate on the formulas, spend an equal if not greater
 Investopedia (n.d.). Capital Asset Pricing Model, retrieved August 2008 from:
 MoneyChimp, (n.d.) CAPM calculator, retrieved August 2008 from:
 Value Based Management, (n.d.) Capital Asset Pricing Model, retrieved August 2008 from:
 To gain a deeper understanding of the CAPM and associated concepts beyond just the formula,
 read:
 Damodaran, A. (n.d). Picking the right projects: Investment analysis . Retrieved August 2, 2007
 from:
  http://pages.stern.nyu.edu/~adamodar/pdfiles/cfovhds/inv.pdf
 Risk and Return (1991). The Economist , 318, 72-73
 This Article on Investment Analysis is a highly comprehensive overview on measuring risk and the use of the
 CAPM. This article is a good place to start because it will give you an idea of how the CAPM is used in the "real

 Optional Readings:
 Financial Concepts: Capital Asset Pricing Model. (n.d.). Retrieved August 2, 2007 from
  http://www.investopedia.com/university/concepts/concepts8.asp
 Value Based Management Net, Capital Asset Pricing Model, Retrieved August 1, 2007 from:
 http://www.valuebasedmanagement.net/methods_capm.html




Teach Me Finance has a good Page on the CAPM as well as a page on the Security Market
Line. These are some brief but informative tutorials on these important topics.

Here is a good slide presentation on Risk and Return. For an alternative slide
presentation, Click Here. No need to go through both of them, pick one or the other. You

If you still want even more information about the CAPM, the meta-sites below will do the

Investopedia.com's CAPM Overview along with this good Page on the CAPM is worth

 Business.com has a good List of Links on the CAPM (but please ignore the references to the Certified Associate




Part II

Required Readings:
Harvey, C. (2002). How do CFOs make capital structure and budgeting decisions. Retrieved August 1, 2007 from:
Journal of Applied Corporate Finance, 15(1), 8-23.

Aswath Damodaran. 1. The Debt-Equity Trade Off: Stern School of Business, Retrieved August 2, 2007 from
Capital Structure Decision.




Optional Readings:

Gotthilf, D. L. (1997). Long-term borrowing techniques. Treasurer's and Controller's Desk Book, American

This chapter on Finding the Right Financing Mix is good comprehensive resource. You probably don't need to

Some of the information below is a bit advanced. Don't feel the need to read every word, just look through and
see what you find interesting or relevant to this module's assignments.

This is an excellent Glossary that deal with a wide variety of corporate financial issues.
FIN301 - Principles of Finance
Module 3 - Case
CAPM and Sources for Capital

 Assignment:

 Part I
 1. For each of the scenarios below, explain whether or not it represents a diversifiable or an undiversifiable ris
 a. There's a substantial unexpected increase in inflation.
 b. There's a major recession in the U.S.
 c. A major lawsuit is filed against one large publicly traded corporation.
 2. Use the CAPM to answer the following questions:
 a. Find the Expected Rate of Return on the Market Portfolio given that the Expected Rate of Return on Asset "
 b. Find the Risk-Free Rate given that the Expected Rate of Return on Asset "j" is 9%, the Expected Return on
 c. What do you think the Beta (β) of your portfolio would be if you owned half of all the stocks traded on the m
 3. In one page explain what you think is the main 'message' of the Capital Asset Pricing Model to corporations




Part II:

American Superconductor

As you know from reading through the background materials, the decision to use debt or equity to raise money

Read the article below about American Superconductor and do some of your own research using the CyberLibrary and intern

After doing your research, apply what you learned from the background materials and write a two to three page

What are the advantages and disadvantages for AMSC to forgo their debt financing and take on equi

Explain both of your answers thoroughly. Be sure to support your opinions on these assignment questions with

Read the article below available in Proquest:

American Superconductor switch ; Westboro company plans to raise money through a stock offering

Andi Esposito . Telegram & Gazette. Worcester, Mass.: Aug 26, 2003. pg. E.1

Abstract (Article Summary)

"AMSC's management and board of directors believe the decision to forgo a secured debt financing and to adop

Finally, the Northeast blackout "shined a lot of light on the problems we have been talking about as a company
Assignment Expectations:

The Case report should be a four to six page report (Part I: two to three and Part II: two to three pages). Pleas

Grading Rubric: Click here.
an undiversifiable risk. Please consider the issues from the viewpoint of investors. Explain your reasoning




 of Return on Asset "i" is 12%, the Risk-Free Rate is 4%, and the Beta (b) for Asset "i" is 1.2.
 Expected Return on the Market Portfolio is 10%, and the Beta (b) for Asset "j" is 0.8.
tocks traded on the major exchanges? Explain.
Model to corporations and what is the main message of the CAPM to investors?




quity to raise money is not a decision taken lightly by management. So when several years ago, in 2003 American Super

CyberLibrary and internet search engines. You can also take a look at the official American Superconductor webpage.

e a two to three page paper answering the following questions:

g and take on equity financing? Do you agree with their decision? How can a company's cost of equity be det

nment questions with references to the background materials or to other articles in your paper.




nancing and to adopt an equity financing strategy under current market conditions is in the best interests of our sharehold

 about as a company for three to four years," Mr. Yurek said. AMSC products, such as a system installed this year in the ag
o three pages). Please show your work for quantitative questions.
our reasoning




 ago, in 2003 American Superconductor decided to raise funds through equity it was definitely a major decision that requir

tor webpage.




pany's cost of equity be determined? Is there a tax deduction from the use of debt financing? Please explain.




best interests of our shareholders," said Gregory J. Yurek, chief executive officer of AMSC. The 265-employee company ha

em installed this year in the aging Connecticut grid and high temperature superconductor power cables and other devices
ly a major decision that required intense discussions at the highest levels of management.




financing? Please explain.




he 265-employee company has operations in Westboro and Devens and in Wisconsin.

wer cables and other devices bought by China for its grid, are designed to improve the cost, efficiency and reliability of sy
efficiency and reliability of systems that generate, deliver and use electric power. "We are a company with products out th
company with products out there solving problems today," he said.
FIN301 - Principles of Finance
Module 3 - SLP
CAPM and Sources for Capital

 Assignment:
 Part I
 Using Yahoo! Finance find the value of beta for your reference company. Write a two page paper discussing the following it
 a. What is the estimated beta coefficient of your company? What does this beta mean in terms of your choice
 b. Given the beta of your company, the present yield to maturity on U.S. government bonds maturing in
 c. Choose two other companies, look up their "Beta" and report the names of these companies and their beta



Part II

Examine the structure and activities in your organization and identify two projects or events that req

For each project or event, identify the preferable source of funding. You may not have access to the ac




Assignment Expectations:

Part I

In a two-page report explain your answers thoroughly with references to the background materials. Make sure

Part II

Your explanation is the most important part of this paper. You should include references to the background mat

Grading Rubric: Click here.
scussing the following items:
 terms of your choice to include this company in your overall portfolio?
nt bonds maturing in one year (currently about 4.5% annually) and an assessment that the market risk premium (that is -
panies and their betas. Suppose you invest one third of your money in each of the stocks of these companies. What will the




s or events that required an investment. One should be a 'current project' and the other long-term investmen

 ave access to the actual source of funding so limit your paper to the source YOU feel is most appropriate. Then explain




materials. Make sure to demonstrate a strong understanding of the concept of beta and the risk/return trade off.




 the background materials or other articles and a discussion of the main concepts of this module as they relate to your cho
market risk premium (that is - the difference between the expected rate of return on the 'market portfolio' and the risk-fre
hese companies. What will the beta of the portfolio be? Given the data in (b), what will the Expected Rate of Return on thi




other long-term investment project.

st appropriate. Then explain why you feel that source is most appropriate.




risk/return trade off.




dule as they relate to your choice of funding. The part should be two pages in length.
 rket portfolio' and the risk-free rate of interest) is 6.5%, use the CAPM equation in order to find out what is the present
Expected Rate of Return on this portfolio be? Do you feel that the three-stock portfolio is sufficiently diversified or does it s
to find out what is the present 'cost of equity' of your company? Explain what is the meaning of the 'cost of equity'.
 iciently diversified or does it still have risk that can be diversified away? Explain.
of the 'cost of equity'.
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MGT411 - Adv. Topics in Human Res. Mgmt.
Module 1 - Background
Compensation: Salaries


 Required Materials

        Arthur, D. (1995). Chapter 6: Compensation. In Managing Human Resources in Small and Mid-Sized
        Companies. New York: AMACOM Books. Retrieved May 23, 2010, from:




    Instructions to access NetLibary:

 At the library web site (http://library.tuiu.edu), click on the link for NetLibrary at the bar across the top of the
 page, around the globe, or under Ebook Collections further down the page.
 At the prompt, enter your TUI username and password. Click on the TUI NetLibrary link.
 At the search screen click on the link at the upper right corner of the screen entitled
 Create a Free Account. If you have not used NetLibarary before, please create
 your own username and password for your account. In the middle of the screen
 Once you have your account set up, you will be able to view ebooks. Enter th book's title
 to search for it. While you are reading an ebook, if your session has been inactive for
 NOTE: Please read the book on screen only and DO NOT check it out for extended use.
 Multiple students may view the book simultaneously, but if you check it out, it will not be
 You can also view the instructions provided for Net Library on your New Student Welcome CD or online at:

These four short articles are all available in Proquest:

        Anonymous (2009, Dec 15). Corporate Compensation Strategies Driven By Past Pessimism Rather Than
        Future Optimism: Deloitte Study :New Research Reveals Shortfalls in Compensation Plans and Retention
        Programs. (15 December). PR Newswire. Retrieved May 23, 2010, from ProQuest Newsstand.
        (Document ID: 1921366541)

        Dickel, T., & Watkins, C. (2008, July). Hiring and Compensation Trends. The China Business
        Review, 35(4), 20-23. Retrieved May 23, 2010, from ABI/INFORM Global database. (Document
        ID: 1517455141), URL:
        http://proquest.umi.com/pqdweb?index=0&did=1517455141&SrchMode=2&sid=1&Fmt=3&VInst=PRO

        Mercer Issues Study of US CEO Compensation Trends. (15 May, 2008). Business Wire. Retrieved May
        23, 2010, from ABI/INFORM Dateline database. (Document ID: 1479350121), URL:
        http://proquest.umi.com/pqdweb?index=0&did=1479350121&SrchMode=2&sid=6&Fmt=3&VInst=PRO
        D&VType=PQD&RQT=309&VName=PQD&TS=1236637951&clientId=29440
        Zingheim, P. K., & Schuster, J. R.. (2007, June). What Are Key Pay Issues Right Now? Compensation and
        Benefits Review, 39(3), 51-55. Retrieved May 23, 2010, from ABI/INFORM Global database. (Document
        ID: 1282684431), URL:
        http://proquest.umi.com/pqdweb?index=0&did=1282684431&SrchMode=2&sid=8&Fmt=3&VInst=PRO

Optional Materials




        AFL-CIO. (2008). Executive paywatch [web-site]. Retrieved on May 23, 2010, from

        Aon Consulting, Inc. (2004). eComp [web-site]. Retrieved May 23, 2010, from

        Anonymous. (2004, March). 3 studies help set pay for the HR department. IOMA's Report on Salary
        Surveys, 4(3), 1, 10-14. Retrieved May 23, 2010, from:
        http://proquest.umi.com/pqdweb?index=0&did=573940501&SrchMode=2&sid=9&Fmt=4&VInst=PROD

        Anonymous, (n. d.), Presentation, in employee compensation.

        Baker, Thomsen Associates. (2004). Salary [web-site]. Retrieved May 23, 2010, from

        Downer, P. (1999). Employee compensation. PowerPoint presentation. Retrieved May 23, 2010, from
        http://www.busi.mun.ca/pdowner/7610.employee compensation.ppt

        Doyle, A. (2004). How much are you worth? Retrieved May 23, 2010, from

        Nancy Brown Johnson, N. (n.d.), An interactive and important presentation on compensation and

        McNamara, C. (1999). Employee benefits and compensation. Retrieved May 23, 2010, from

        Salary surveys and calculators. (2004). Retrieved May 23, 2010, from

Edward P. Lazear has a book on "Personnel Economics" (1995) with chapters related to
compensation (note these pages are very short, and you should only read the first one or two pages

 Chapter   2:   Fixed or Variable Pay (pg 13-24)
 Chapter   3:   Relative Compensation (pg 25-38)
 Chapter   4:   Team Compensation (pg 47-56)
 Chapter   6:   Other Issues in Compensation (pg 57-76)

If you need help with access, email support@tuiu.edu or contact the librarian via the library's web-
site: http://library.tuiu.edu
IOMA's Report on Salary Surveys is a publication that identifies salary trends in very specific and up-
to-date areas. If you put 'IOMA's Report on Salary Surveys' into Proquest, you'll see some of the
Read at least two or three articles written by this group, including the March 2004 report "3 Studies Help Set Pay
The AFL/CIO is, not unreasonably, interested in getting higher pay for workers. As a way of leveraging the
debate about wages, they have been calling attention to the widely increasing gap between the pay of average
workers and higher-level executive compensation. One product of this effort is their Executive Paywatch

Salary Expert (http://www.salaryexpert.com/) Look up salaries for types of jobs. You can also see what type of

Aon Consulting has a web-site called eComp that has a number of resources on compensation of executives.
Some of their elements require payment, other postings are free and just for interest, are included here as
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 1 - Case
Compensation: Salaries

In this module, we've been looking at the basics of compensation, beginning with salaries. A good place to start
your expertise as a salary determinator is for you to calculate what you are worth. Start by reading the article
from About.com by visiting http://jobsearch.about.com/library/weekly/aa022700a.htm.

This web-site is linked to an entire set of resources including:

Salary Surveys:

 http://jobsearch.about.com/library/blsalary2.htm

 http://jobsearch.about.com/cs/salarysurveys/index.htm

Salary Information and Resources:

 http://jobsearch.about.com/cs/salary/index.htm

Following a reading of the articles and after conducting your own web-based search and
reading the background materials, respond to the following questions:

  1. Calculate what you are worth according to the salary indicators. Are there
  differences in comparisons of where you live and other cities: in your state? in your
 2. Do you think you achieve equity with what you are paid? On what basis do you make
 your assessment (i.e., what factors do you consider in calculating what you are worth
   3. How do you deal with perceptions of pay inequity, and how do the ways that you deal with
   this compare to the ways that employees in China do?
 Assignment Expectations:

   1. Cite at least three sources (for citations of work found in this course, you can refer to the syllabus as I have
   provided a reference list; for other citations you might add, see the style guide) from this module in making
   2. This 3-4 page paper is due at the end of this module.

=======================================

Your assignment will be graded based upon the criteria explained in the following link:


Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 1 - SLP
Compensation: Salaries

Begin by reading the required background readings. Then please write a 2-3 page paper,
double spaced, not including cover and reference pages, in which you answer the following
questions:


In your organization:

   What factors influence the calculation of base salaries?
   How is the Human Resources department involved in salary determinations?
   Do you notice any issues related to perceptions of equity regarding base
   salaries or how they are determined, particularly?

Assignment Expectations:

   1. Write a 2-3 page paper, double spaced, not including cover and reference pages, in
   2. Although I do want to hear your opinion, it should be based on the concepts from the
   required readings, so be sure to cite and reference the required readings that may

=======================================

Your assignment will be graded based upon the criteria explained in the following link:


Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 2 - Background
Compensation: Benefits

 Required Materials
      The following short chapter provides an excellent foundation in understanding the history
      of the development of federal law and tax policy governing employee benefits:

        Employee Benefits Research Institute. (2005). Employee Benefits in the United States: An Introduction.
        Retrieved May 23, 2010 from:

The next chapter provides an excellent overview of employee benefits. It is available in the TUI
NetLibrary database (see module 1 Background page for detailed instructions on how to access

Arthur, D. (1995). Chapter 8: Benefits. In Managing Human Resources in Small and Mid-Sized Companies. New
York: AMACOM Books. (Note: Skim through the section on laws, up to p. 203, then read the rest). Retrieved May

     Instructions to access NetLibary:

 At the library web site (http://library.tuiu.edu), click on the link for NetLibrary at the bar across the top of the
 page, around the globe, or under Ebook Collections further down the page.
 At the prompt, enter your TUI username and password. Click on the TUI NetLibrary link.
 At the search screen click on the link at the upper right corner of the screen entitled
 Create a Free Account. If you have not used NetLibarary before, please create
 your own username and password for your account. In the middle of the screen
 Once you have your account set up, you will be able to view ebooks. Enter th book's title
 to search for it. While you are reading an ebook, if your session has been inactive for
 longer than 15 minutes, you will be booted out of the ebook, and will need to re-enter the
 NOTE: Please read the book on screen only and DO NOT check it out for extended use.
 Multiple students may view the book simultaneously, but if you check it out, it will not be
 You can also view the instructions provided for Net Library on your New Student Welcome CD or online at:

Access to healthcare benefits is one of the key issues in the U.S. This ERBI report provides an
overview of the nature of access to healthcare and levels of coverage:
        Employee Benefits Research Institute. (2007, March). EBRI research highlights: Employment-Based
        Health Benefits: Access and Coverage, 1988-2005. EBRI Issue Brief, No. 303. Read pages 4, 5, 8, 11, 14,

This short PowerPoint presentation provides a quick overview related to managing employee
benefits:
        Anonymous. (2001). Managing employee benefits. Retrieved May 23, 2010, from
        http://www.suu.edu/faculty/calvasina/mgmt3240/Chapter 14 Managing employee Benefits.ppt

Optional Materials
Abrams, D. (2003, July). Equity compensation and benefits in a changing economy. Employee Benefit
Plan Review, 58(1), 11-14. Retrieved May 23, 2010, from:
http://proquest.umi.com/pqdweb?index=1&did=358955571&SrchMode=2&sid=10&Fmt=4&VInst=PRO
D&VType=PQD&RQT=309&VName=PQD&TS=1236638438&clientId=29440

Anonymous. (2004, Apr). What steps are employers taking to cut rising RX drug costs? IOMA's Report
on Managing Benefit Plans, 4(4), 7. Retrieved May 23, 2010, from:
http://proquest.umi.com/pqdweb?index=0&did=599794571&SrchMode=2&sid=11&Fmt=4&VInst=PRO
D&VType=PQD&RQT=309&VName=PQD&TS=1236638562&clientId=29440

Johnson, N. B. (2002). Employee benefits. PowerPoint presentation. Retrieved May 23, 2010, from
http://gatton.uky.edu/Faculty/johnsonn/MGT422/PP/Benefits.ppt
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 2 - Case
Compensation: Benefits

Benefits have been in the news in the HR world a lot lately. The cost of benefits for
employers keeps rising, particularly with regards to health insurance, yet a significant
portion of the population remains uninsured, and although the U.S. spends more on
healthcare than any other nation, it is not the healthiest nation on almost all measures.


Assignment Expectations:

For this case assignment, begin by reading the required background readings and any
other relevant sources you can find on the Internet, and then address the following

What are some of the most important trends that affect employers' costs for
benefits, and what are they doing to deal with those trends?

Please submit your paper to Coursenet by the module due date.




=======================================

Your assignment will be graded based upon the criteria explained in the following link:


Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 2 - SLP
Compensation: Benefits


Begin by reading the required background readings. Then please write a 2-3 page paper, double spaced, not
including cover and reference pages, in which you answer the following questions:



 Describe the compensation that you receive in the form of benefits.
 Which are "mandatory", and which are "voluntary"?
 Of the voluntary benefits, which are taxable, tax exempt, or tax deferred?

Assignment Expectations:

 Please write a 2-3 page paper, double spaced, not including cover and reference pages,
 Although I do want to hear your opinion, it should be based on the concepts from the required readings, so be
 sure to cite and reference the required readings that may apply.

   =======================================

   Your assignment will be graded based upon the criteria explained in the following link:


   Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 3 - Background
Incentive Compensation: Pay for Performance and Bonuses

Required Readings


      All of the readings (required and optional) are available in ProQuest:

      Brown, D., & Purcell, J. (2007, June). Reward Management: On the Line. Compensation and Benefits
      Review, 39(3), 28-34. Retrieved May 23, 2010, from ABI/INFORM Global database. (Document
      ID: 1282684401), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1282684401&SrchMode=2&sid=12&Fmt=3&VInst=PR

      Dias, K. (2007, November). Bone up on bonuses. Caterer & Hotelkeeper, 197(4500), 58. Retrieved May
      23, 2010, from ABI/INFORM Trade & Industry database. (Document ID: 1397614261), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1397614261&SrchMode=2&sid=13&Fmt=3&VInst=PR
      OD&VType=PQD&RQT=309&VName=PQD&TS=1236638748&clientId=29440

      Gray, J. (2007, January). Build a better bonus. Canadian Business, 80(2), 65-66. Retrieved May 23, 2010,
      from ABI/INFORM Global database. (Document ID: 1210893301), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1210893301&SrchMode=2&sid=15&Fmt=3&VInst=PR
      OD&VType=PQD&RQT=309&VName=PQD&TS=1236638821&clientId=29440

      Goodale, M. (2001). Designing an effective compensation plan. Civil Engineering, 71(10), 70-71.
      Retrieved May 23, 2010, from ABI/INFORM Global database. (Document ID: 83926310), URL:
      http://proquest.umi.com/pqdweb?index=0&did=83926310&SrchMode=2&sid=16&Fmt=3&VInst=PROD
      &VType=PQD&RQT=309&VName=PQD&TS=1236638875&clientId=29440

      Jeffrey, S., & Shaffer, V. (2007, June). The Motivational Properties of Tangible Incentives. Compensation
      and Benefits Review, 39(3), 44-50. Retrieved May 23, 2010, from ABI/INFORM Global database.
      (Document ID: 1282684421), URL:
      http://proquest.umi.com/pqdweb?index=0&did=83926310&SrchMode=2&sid=17&Fmt=3&VInst=PROD


Optional Readings



      Dooney, J. and Esen, E. (2007, Nov). Incentive pay fuels HR salaries. HRMagazine, 52(11), 34-43.
      Retrieved May 23, 2010, from:
      http://proquest.umi.com/pqdweb?index=1&did=1373227841&SrchMode=2&sid=18&Fmt=3&VInst=PR
Hansen, F. (2007, November). Currents in Compensation and Benefits. Compensation and Benefits
Review, 39(6), 6-21. Retrieved May 23, 2010, from ABI/INFORM Global database. (Document
ID: 1411290271), URL:
http://proquest.umi.com/pqdweb?index=0&did=1411290271&SrchMode=2&sid=19&Fmt=3&VInst=PR
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 3 - Case
Incentive Compensation: Pay for Performance and Bonuses


 Begin by reading the required background readings, then please write a 3-4 page paper (double
 spaced, not including cover and reference page) in which you address this question:


 What are the key issues a company would need to consider when designing an incentive
 compensation plan?
 Assignment Expectations:

   Please write a 3-4 page paper (double spaced, not including cover and reference page).
   Please draw upon as many of the required background readings as possible to support your
   argument.
   Please upload your paper to Coursenet by the module due date.

=======================================

Your assignment will be graded based upon the criteria explained in the following link:


Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 3 - SLP
Incentive Compensation: Pay for Performance and Bonuses

Begin by reading the required background readings. Then please write a 2-3 page paper,
double spaced, not including cover and reference pages, in which you discuss these related
questions:


 1. What forms of incentive compensation are employed in your organization?
 2. How well does the organization's incentive compensation plan work?
 3. What could the organization do to better design its incentive compensation

Assignment Expectations:

 1. Please write a 2-3 page paper, double spaced, not including cover and reference
 2. Although I do want to hear your opinion, it should be based on the concepts from the
 required readings, so be sure to cite and reference the required readings that may apply.

  =======================================

  Your assignment will be graded based upon the criteria explained in the following link:


  Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 4 - Background
Workers Compensation and Risk Management


Required Readings



      All of the readings (required and optional) are available in ProQuest:

      Beighley, D. (2007, November). Cos. Bracing for Workers' Comp Hike; Outsourcing Alternative? Orange
      County Business Journal, 30(45), 48. Retrieved May 23, 2010, from ABI/INFORM Dateline database.
      (Document ID: 1387245191), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1387245191&SrchMode=2&sid=21&Fmt=3&VInst=PR

      Gentry, C. R. (2008, September). Target Hits the Mark on Claims Management. Chain Store
      Age, 84(9), 42. Retrieved May 23, 2010, from ABI/INFORM Global database. (Document
      ID: 1560941101), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1560941101&SrchMode=2&sid=22&Fmt=3&VInst=PR

      Gusman, P. (2008, August). Walt Disney Delivers Big WC Savings By Involving Entire 'Cast' In RM
      Roles. National Underwriter. P & C, 112(31), 16,20,28. Retrieved May 23, 2010, from ABI/INFORM
      Global database. (Document ID: 1555102791), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1555102791&SrchMode=2&sid=23&Fmt=6&VInst=PR

      McDonald, C. (2008, August). Risk Management Overhaul Helps ServiceMaster 'Hit The Trifecta' On
      WC. National Underwriter. P & C, 112(31), 12-13,15,30. Retrieved May 23, 2010, from ABI/INFORM
      Global database. (Document ID: 1555102781), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1555102781&SrchMode=2&sid=25&Fmt=6&VInst=PR

      Shafer, R. (2006). MYTHS & REALITIES OF WORKERS COMPENSATION COST CONTAINMENT. Risk
      Management, 53(11), 10-12,14,16. Retrieved May 23, 2010, from ABI/INFORM Global database.
      (Document ID: 1164964991), URL:
      http://proquest.umi.com/pqdweb?index=0&did=1164964991&SrchMode=2&sid=27&Fmt=4&VInst=PR

      Snashall, R. R. (2005, November). PEOs Look To Boost Credibility With WC Risk Management
      Certification. National Underwriter. P & C, 109(44), S4-S5. Retrieved May 23, 2010, from ABI/INFORM
      Global database. (Document ID: 936223161), URL:
      http://proquest.umi.com/pqdweb?index=0&did=936223161&SrchMode=2&sid=28&Fmt=4&VInst=PRO

      Legal Information Institute. (2004). Workers compensation: An overview. Retrieved on May 23, 2010,
      from http://www.law.cornell.edu/topics/workers_compensation.html

Optional Readings
        Edwards, D., (2001). Risk managers must learn ABCs of PEOs. from National Underwriter (Property &
        casualty/risk & benefits management ed.). Retrieved May 23, 2010, from:
        http://proquest.umi.com/pqdweb?index=0&did=72043214&SrchMode=2&sid=31&Fmt=4&VInst=PROD
        &VType=PQD&RQT=309&VName=PQD&TS=1236639689&clientId=29440

        Gecas, J. (2006). Workers' compensation. PowerPoint presentation. Retrieved on May 23, 2010, from
        http://www.hrs.wsu.edu/utils/file.aspx?fileid=704

        Strazewski, L. (2004, August). Redefining the PEO. Rough Notes, 147(8), 84-87. Retrieved May 23, 2010,
        from:
        http://proquest.umi.com/pqdweb?index=0&did=677545601&SrchMode=2&sid=29&Fmt=4&VInst=PRO


In addition, if you are a member of SHRM (membership runs about $35 per year for a student member -- a great
deal considering a non-student membership runs about $160 a year), you can search for extensive information
         · Risk Management Programs
         · Workplace Violence: Trends and Strategic Tools for Mitigating Risk
         · The Elements of An Effective Safety and Health Plan
         · Managing Return To Work Systems - Keys to the Success
         · Reducing Workers Compensation Costs
         · SHRM also has a very complete collection of legal reference documents on almost every
         aspect of HRM
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 4 - Case
Workers Compensation and Risk Management

Begin by reading the required background readings, and then write a 3-4 page essay in
which you:

Compare and contrast the ways in which Target, Disney, and ServiceMaster have
dealt with workers compensation issues through risk management.

Assignment Expectations:

   Please write a 3-4 page essay, not including cover and reference pages.
   In your response, cite as many of the required readings as possible.
   Please upload your paper to Coursenet by the module due date.

=======================================

Your assignment will be graded based upon the criteria explained in the following link:


Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 4 - SLP
Workers Compensation and Risk Management

Begin by reading the required background readings. Then please write a 2-3 page paper,
double spaced, not including cover and reference pages, in which you discuss this
question:

What lessons do you think your organization needs to learn regarding risk

Assignment Expectations:

 Please write a 2-3 page paper, double spaced, not including cover and reference pages.
 Although I do want to hear your opinion, it should be based on the concepts from the
 required readings, so be sure to cite and reference the required readings that may apply.

  =======================================

  Your assignment will be graded based upon the criteria explained in the following link:


  Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 5 - Background
Managing Workplace Safety and Health

Required Readings

       You will find the first reading in the TUI NetLibrary database (see Module 1 Background page
       for detailed instructions on how to access):
       Berryman-Fink, C., & Berryman, C. B. (1998). Violence in the workplace. In The manager's desk
       reference (pp. 351-356). New York: AMACOM Books. Retrieved May 23, 2010, from:



   Instructions to access NetLibary:

At the library web site (http://library.tuiu.edu), click on the link for NetLibrary at the bar across the top of the
page, around the globe, or under Ebook Collections further down the page.
At the prompt, enter your TUI username and password. Click on the TUI NetLibrary link.
At the search screen click on the link at the upper right corner of the screen entitled
Create a Free Account. If you have not used NetLibarary before, please create
your own username and password for your account. In the middle of the screen
Once you have your account set up, you will be able to view ebooks. Enter th book's title
to search for it. While you are reading an ebook, if your session has been inactive for
NOTE: Please read the book on screen only and DO NOT check it out for extended use.
Multiple students may view the book simultaneously, but if you check it out, it will not be
You can also view the instructions provided for Net Library on your New Student Welcome CD or online at:

       The rest of these short articles are available in Proquest:

       How the Final HIPAA Regs Affect Your Wellness Programs. (2007, November). HR Focus, 84(11), 7,10.
       Retrieved May 23, 2010, from ABI/INFORM Global database. (Document ID: 1380673631), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1380673631&SrchMode=2&sid=32&Fmt=3&VInst=PR
       OD&VType=PQD&RQT=309&VName=PQD&TS=1236639825&clientId=29440

       Leberfinger, T (2007). Safety First. Risk Management, 54(3), 6. Retrieved May 23, 2010, from
       ABI/INFORM Global database. (Document ID: 1230880681), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1230880681&SrchMode=2&sid=33&Fmt=3&VInst=PR

       Maher, K. (2008, June 19). U.S. News: Work Injuries Are Undercounted. Wall Street Journal (Eastern
       Edition), p. A.3. Retrieved May 23, 2010, from ABI/INFORM Global database. (Document
       ID: 1497127281), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1497127281&SrchMode=2&sid=34&Fmt=4&VInst=PR
       Manuele, F. A. (2006). The Challenge of Preventing Serious Injuries. Professional Safety, 51(4), 31-37.
       Retrieved May 23, 2010, from ABI/INFORM Global database. (Document ID: 1019476221), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1019476221&SrchMode=2&sid=36&Fmt=4&VInst=PR
       OD&VType=PQD&RQT=309&VName=PQD&TS=1236640031&clientId=29440

       Ring, R. (2007, September). DISPOSABLE WORKERS of the Oil and Gas Fields. USA Today, 136(2748), 16-
       18. Retrieved May 23, 2010, from Research Library database. (Document ID: 1347544251), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1347544251&SrchMode=2&sid=37&Fmt=3&VInst=PR
       OD&VType=PQD&RQT=309&VName=PQD&TS=1236640077&clientId=29440

       Vartabedian, R. (2008, July 28). THE NATION; A gamble on safety in Vegas; A streak of building accidents
       has killed 12. But in case after case, penalties are lessened. Los Angeles Times,p. A.8. Retrieved May 23
       2010, from Los Angeles Times database. (Document ID: 1518600351), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1518600351&SrchMode=2&sid=38&Fmt=3&VInst=PR

       Zahlis, D. F., & Hansen, L. L. (2005). Beware the Disconnect. Professional Safety, 50(11), 18-24.
       Retrieved May 23, 2010, from ABI/INFORM Global database. (Document ID: 924296501), URL:
       http://proquest.umi.com/pqdweb?index=0&did=924296501&SrchMode=2&sid=39&Fmt=4&VInst=PRO
       D&VType=PQD&RQT=309&VName=PQD&TS=1236640181&clientId=29440

Here is a link to an excellent PowerPoint presentation by the Occupational Safety and Health
Administration (OSHA):
       Anonymous (1989). Elements of an Effective Safety and Health Program. OSHA. Retrieved May 23, 2010
       from: http://www.osha.gov/SLTC/pptpresentations/safety_health_program/slide1.html

       And finally, a guide to preventing workplace violence:

       Anonymous ( ). Guidelines for Preventing Workplace Violence for Health Care & Social Service Workers.
       OSHA. Retrieved May 23, 2010 from: http://www.osha.gov/Publications/OSHA3148/osha3148.html

Optional Readings

       Van Fleet, D. D., & Van Fleet. E. W. (2007). Preventing Workplace Violence: The Violence Volcano
       Metaphor. Journal of Applied Management and Entrepreneurship, 12(3), 17-36. Retrieved May 23,
       2010, from ABI/INFORM Global database. (Document ID: 1320608981), URL:
       http://proquest.umi.com/pqdweb?index=0&did=1320608981&SrchMode=2&sid=42&Fmt=4&VInst=PR
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 5 - Case
Managing Workplace Safety and Health

Imagine that a growing regional chain of nursing homes with 1,300 total full- and part-
time employees on all shifts has hired you as a consultant. They want you to help
them develop workplace health and safety programs.


Please prepare a 3-4 page paper (double-spaced, 1" margins, not including cover and

What are the top priorities and steps that this organization should focus on as it
develops its workplace health and safety programs to address the key health,

Assignment Expectations:

   Please write a 3-4 page paper (double-spaced, 1" margins, not including cover and
   Please be sure to cite as many of the relevant required readings as possible.

=======================================

Your assignment will be graded based upon the criteria explained in the following link:


Grading Rubric
MGT411 - Adv. Topics in Human Res. Mgmt.
Module 5 - SLP
Managing Workplace Safety and Health

Begin by reading the required background readings. Then please write a 2-3 page paper,
double spaced, not including cover and reference pages, in which you discuss this
question:


In their 2005 article, Zahlis and Hansen warn organizations to "Beware the Disconnect".
What do they mean by this "disconnect", and in what ways do you think it might apply to

Assignment Expectations:

 Please write a 2-3 page paper, double spaced, not including cover and reference pages.
 Although I do want to hear your opinion, it should be based on the concepts from the
 required readings, so be sure to cite and reference the required readings that may apply.

  =======================================

  Your assignment will be graded based upon the criteria explained in the following link:


  Grading Rubric

				
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