Accounting for Managers Course Outline, Fall 2006 Class Materials Topic
Module I: Strategic Cost Management Superior Manufacturing Company 1 2 3 4 5 Sparta Glass Products Shun Electronics Wilkerson Company Giberson’s Glass Studio
Cost concepts; product costing Cost concepts; cost behavior; relevant costs Cost system design; Overhead allocation Activity-based costing Relevant costs Relevant costs – outsourcing
6
Horizon Insurance Agency
Module II: Performance Assessment 7 8 9 Charley’s Family Steak House (A) Wilmont Chemical Corporation Maverick Lodging Planning and budgeting Standards costs and basic variance analysis The Balanced Scorecard
Module III: Financial Reporting Process and Financial Statements 10 11 12 13 14 The Garden Place The Garden Place (cont.) Denver Wholesale Sporting Goods Blue Ridge Hardware Co. Compton Computing (A) Transaction analysis; Breakeven analysis Understanding financial statements Understanding financial statements Accrual accounting and cash flow Cash flow statement
Module IV: Financial Reporting and Analysis 15 Compton Computing (B) Cash flow statement; Financial statement analysis
Exam
ACC Exam #1
Course Outline, Fall 2006 (continued)
Module IV: Financial Reporting and Analysis (continued) 16 Ratios Tell A Story: 2005 Financial statement analysis
Module V: Asset and Liability Valuation and Reporting 17 18 19 20 Selected problems Walt Disney – Revenue Recognition Trade Receivables Exercises MGM Mirage – Accounts Receivable Inventory Teasers Paragon Electronics, Inc. Inventory Teasers (continued) Lewis Driscoll and Delta Cargo Lewis Driscoll and Delta Cargo (continued) Ann Taylor Stores Corporation – Deferred Taxes Solar Scientific, Inc. Sun Batteries, Inc. Lease Exercises AMR Corporation – Leases Revenue recognition Accounts receivable and bad debts Accounts receivable and bad debts Inventory and cost of goods sold
21 22 23
Inventory and cost of goods sold PP&E and depreciation Deferred taxes
24
Long-term debt
25
Leases
Module VI: Accounting for Owners’ Interests Selected problems 26 Dell Inc. – Stockholders’ Equity 27 Selected problems Long-term Investment Exercises Berkshire Hathaway – Intercorporate Investments Long-term Investment Exercises (continued)
Stockholders’ equity Investments in other corporations – amortized cost method, market value method, and equity method Investments in other corporations – business combinations Investments in other corporations – consolidations Integrity in financial reporting
28
29
Selected problems
30 Exam
Graves Industries, Inc. ACC Exam #2