Syllabus – Graduate Business 602
ACCOUNTING FOR MANAGERS
SCHEDULE: Mondays 5:45-9:15 p.m.
January 26—March 16, 2009
CLASSROOM: Sondregger 104
INSTRUCTOR: Bruce Roberts, CPA, MBA
Office: Room 16, Lower Level Library
Office Phone: 663-6761
Internet: email@example.com; alternate firstname.lastname@example.org
OFFICE HOURS: Mondays 4:00—5:30
Please schedule with instructor (email) to ensure a time.
COURSE DESCRIPTION: As an introduction, a basic financial accounting review is provided. US
financial accounting is related to global international accounting. Financial ratio analysis is covered. An
in-depth Financial Analysis Group Case Study is commenced. The course shifts to managerial accounting,
which is defined and contrasted with financial accounting. The process of managerial accounting and its
use by managers in an organization is described. Major cost accounting systems and how they work in our
modern technological environment are reviewed. Planning and control systems in current organizations are
covered through budgeting, standard costing and responsibility accounting principles. Guest instructors
from industry supplement the course content.
COURSE OBJECTIVES AND GRADUATE STUDENT LEARNING OUTCOMES:
After successful completion of this course, the graduate student should have a fundamental understanding
of managerial accounting and how it assists an organization’s management team in the overall management
process, by having an understanding of the following:
1. Basic financial accounting concepts and their relationship to global international accounting
and fundamental managerial accounting.
2. Financial statement analysis, including ratio analysis and an in-depth Financial Statement
Analysis Group Case Study.
3. Basic managerial accounting terminology and cost concepts.
4. Major aspects of managerial accounting, including cost behavior and alternative cost
5. Planning and control systems, including budgeting and responsibility accounting.
6. Identification and use of relevant information in the decision-making process, including
capital expenditures, break-even analysis, pricing and investment centers.
TEXT: Managerial Accounting, Eighth Edition (new), Ronald W. Hilton, McGraw-Hill, 2009.
ACCOUNTING REFERENCES: Intermediate Accounting, Tenth Edition, Kieso, Weygandt &
Warfield, Wiley & Sons, Chapter 3, p. 67-96 is a handout for the first class. Accounting Principles,
Weygandt, Kieso & Kimmel, Wiley & Sons, is on reserve at our library. .
PREREQUISITES: Business 501, 502, 503 or equivalent. For students without a previous college
accounting course or the accounting concepts in Business 501, permission of the instructor is necessary to
enroll in the course. A basic accounting refresher is provided in the first class and is available from the
instructor during office hours or on a scheduled basis. A textbook in basic accounting principles is also on
reserve at our library (see Accounting References).
CLASS STRUCTURE: This course shall use a combination of text reading, assigned exercises, class
discussion and group exercises to learn the topics. You will be expected to read the text and work the
assigned class exercises before class and bring any questions you have to class. It is particularly important
to keep up-to-date in all the assignments since this normal 16 week course is being compressed into an 8
week course and moves extremely fast. The PowerPoints for each chapter may not be discussed except
for key issues in the chapter and for your questions. A group case study shall provide a practical
application of the managerial accounting principles learned in the course. In that this is a graduate course
with students from many backgrounds, emphasis shall be on class participation and discussion, with
significant input expected from the graduate students. For the benefit of all the students, proper business
courtesy is expected in the class.
WEB RESOURCES: You can access the web at http://business.edgewood.edu/roberts to review or
obtain copies of PowerPoint slides and other items used in class. Other sources for accounting and
financial matters are also available at that site. Copies of class slides shall be provided for the first class;
thereafter, students can access the web site and print their own copies, as needed.
ATTENDANCE: Attendance is required for all class sessions and will be taken at each class. Please
email the instructor to arrange for any expected absences. Unexcused absences may result in a reduction in
your final grade.
ACADEMIC HONESTY: Please refer to the Student Handbook for the policy of the College regarding
academic honesty. This policy will be enforced.
ASSIGNMENTS: Class assignments shall be completed prior to the class. Solutions to selected exercises
and problems will be discussed in class. Problem solutions will also be emailed to students. Assignments,
while they normally need not be handed in, shall contribute to an understanding of the course and be a
source of exam material.
EXAMS: One quiz and two exams will be given. Please note the dates of the exams, in that make-up
exams will only be allowed in very unusual circumstances as pre-approved by the instructor.
EXTRA CREDIT: Up to 20 points of extra credit are available for current accounting and business issues
or assigned problems discussed with the class. See the separate handout.
GRADING: Grading will be based on an arithmetic average of the two exams (100 points each), a quiz
(25 points) a special budget analysis case study (25 Points) and the Financial Analysis Case study (100
points), for a total of 350 points. Special extra credit is available for special topic presentations (see class
handout). Class attendance, participation and improvement shall be factored into the final grading process.
The percentage grading profile shall be:
F Below 60
The grading profile may be curved at the discretion of the instructor.
GRADUATE ACCOUNTING FOR MANAGERS
TENTATIVE COURSE SCHEDULE
Session Topic (Note 1) Assignment (Note2)
PART 1—ACCOUNTING REVIEW, FINANCIAL REPORTING & ANALYSIS
1. Jan 26 Introduction; Basic Accounting Overview; Read Acctg Handout
GAAP and relationship to International Review Acctg
Accounting; Overview of Financial Review Financial Reporting
2. Feb 2 Financial Statement Ratio Analysis; Ch 18 Supplement—Ratio
CPA Auditor’ Reports; Financial Reporting Analysis;
Project Introduction Handout exercises
PART 2—COST ACCOUNTING SYSTEMS
3. Feb 9 Quiz Study
Managerial Accounting Ch 1
Basic Cost Terms and Concepts; Ch 2; Ex 2-26, 27, 28&56
Job Order Costing Ch 3 (Appdx Optional),
Ex 3- 24,25&32
4. Feb 16 Process Costing; Ch 4 (Appdx Optional),
Activity Based Costing; Ch 5, Ex 5-26,30&31
5. Feb 23 Activity Analysis & Cost Behavior; Ch 6 (Include Appdx ),
Cost Volume Analysis Ex 6-22 & 23;
Ch 7 (Include Appdx),
Ex 7-23,25,26 &28
Pricing Ch 15, Ex 15-33 & 34
Fin Reporting Project Report 1
6. Mar 2 Exam # 1 Study
Profit Planning; Budgeting; Ch 9 (Appdx Optional),
Ex 9-24,25,27, 28 & 30
Session Topic (Note 1) Assignment (Note 2)
PART 3—PLANNING AND CONTROL SYSTEMS
7. Mar 9 Standard Costing;; Ch 10 (Appdx Optional);
Ex 10-30 & 31
Flexible Budgeting Ch 11 p 458-465; 472-478;
Capital Expenditures Ch 16 p 682-700; p.705-711; (include
Appendix A); Ex 16-24,25,36&37
8. Mar 16 Complete, present and hand
in Fin Reporting Project # 3
Exam # 3 Study and Good Luck!
Note 1—Outline is tentative.
Note 2—Assignments are to be completed prior to class.
GRADUATE BUSINESS 602--001
ACCOUNTING FOR MANAGERS
TELEPHONE NUMBERS (work & home)________________________________
PAST BACHELORS DEGREE MAJOR_________________________________
PAST BUSINESS EXPERIENCE_______________________________________
CURRENT STATUS IN MBA PROGRAM_______________________________
PAST ACCOUNTING COURSES TAKEN (list)___________________________
TAKEN BSNS 501(?)__________________________________________________
PAST MANAGEMENT COURSES TAKEN (list)__________________________
PERSONAL OBJECTIVE IN COURSE__________________________________