Unit 10: Unit 10: Review and Reflection - Discussion
The objective of this course was to emphasize the way in which managerial accounting information could be used to aid management.
· Discuss at least 3 ways in which you as a manager would utilize accounting techniques learned in this course.
· Reflect on the various topics covered in each chapter. What technical skill(s) would you want in a perspective employee you were going to hire as a managerial accountant?
· Examine your resume closely from a hiring manager’s point of view. What managerial skill did you learn from this class that you could add to your resume? Describe the skill.
COURSE DESCRIPTION
This course emphasizes the way in which accounting information can be used to aid management in planning and controlling business activities. Topics covered include financial statement analysis, job order cost systems, cost-volume-profit analysis, budgeting, performance evaluation using standard costs, differential analysis, and product pricing.
COURSE OUTCOMES
Course Outcomes: By the end of this course, you should be able to:
AB239-1: Interpret financial statement information.
AB239-2: Identify the characteristics of managerial accounting.
AB239-3: Identify classifications of costs and cost behaviors.
AB239-4: Examine the costs of materials, labor, and overhead.
AB239-5: Explain a job order cost accounting system.
AB239-6: Explain the budgetary process.
Unit # and Topic
Unit 1: Introduction to Managerial Accounting
Unit 2: Financial Statement Analysis
Unit 3: Managerial Accounting Concepts and Principles
Unit 4: Job Order Costing & Process Costing
Unit 5: Understanding Cost-Volume-Profit
Unit 6: Budgetary Planning
Unit 7: Budgetary Control and Responsibility Accounting/Organizational Control
Unit 8: Standard Costs and the Balanced Scorecard
Unit 9: Incremental Analysis and Capital Budgeting
Unit 10: Review and Reflection
1. Initiating
1. Hold Project Kickoff Meeting
2. Prepare Stakeholder Register
3. Create Project Charter
2. Planning
1. Project Integration Management
1. Create Team Contract
2. Develop Project Management Plan
2. Project Scope Management
1. Develop Scope Statement
2. Hold Meeting With Professor/ Primary Stakeholders
3. Create Work Breakdown Structure
4. Create Work Breakdown Structure Dictionary
3. Project Time Management
1. Create Activity List
2. Create Milestone List
3. Develop Project Schedule
1. Critical Path Analysis
4. Project Cost Management
1. Cost Estimate
5. Project Quality Management
1. Quality Management Plan
2. Quality Metrics
3. Quality Checklist
6. Project Human Resources Management
1. Organizational Chart
2. RACI Chart
3. Resource Histogram
4. Staffing Management Plan
7. Project Communications Management
1. Communications Management Plan
1. Setting up Google Hangouts/ Google Drive
2. Project Website
8 ...
1. Unit 10: Unit 10: Review and Reflection - Discussion
The objective of this course was to emphasize the way in which
managerial accounting information could be used to aid
management.
· Discuss at least 3 ways in which you as a manager would
utilize accounting techniques learned in this course.
· Reflect on the various topics covered in each chapter. What
technical skill(s) would you want in a perspective employee you
were going to hire as a managerial accountant?
· Examine your resume closely from a hiring manager’s point of
view. What managerial skill did you learn from this class that
you could add to your resume? Describe the skill.
COURSE
DESCRIPTION
This course emphasizes the way in which accounting
information can be used to aid management in planning and
controlling business activities. Topics covered include financial
statement analysis, job order cost systems, cost-volume-profit
analysis, budgeting, performance evaluation using standard
costs, differential analysis, and product pricing.
COURSE
OUTCOMES
Course Outcomes: By the end of this course, you should be able
to:
AB239-1: Interpret financial statement information.
AB239-2: Identify the characteristics of managerial accounting.
AB239-3: Identify classifications of costs and cost behaviors.
AB239-4: Examine the costs of materials, labor, and overhead.
AB239-5: Explain a job order cost accounting system.
AB239-6: Explain the budgetary process.
Unit # and Topic
2. Unit 1: Introduction to Managerial Accounting
Unit 2: Financial Statement Analysis
Unit 3: Managerial Accounting Concepts and Principles
Unit 4: Job Order Costing & Process Costing
Unit 5: Understanding Cost-Volume-Profit
Unit 6: Budgetary Planning
Unit 7: Budgetary Control and Responsibility
Accounting/Organizational Control
Unit 8: Standard Costs and the Balanced Scorecard
Unit 9: Incremental Analysis and Capital Budgeting
Unit 10: Review and Reflection
1. Initiating
1. Hold Project Kickoff Meeting
2. Prepare Stakeholder Register
3. Create Project Charter
2. Planning
1. Project Integration Management
1. Create Team Contract
2. Develop Project Management Plan
2. Project Scope Management
1. Develop Scope Statement
2. Hold Meeting With Professor/ Primary Stakeholders
3. Create Work Breakdown Structure
4. Create Work Breakdown Structure Dictionary
3. Project Time Management
1. Create Activity List
2. Create Milestone List
3. Develop Project Schedule
1. Critical Path Analysis
4. Project Cost Management
1. Cost Estimate
5. Project Quality Management
1. Quality Management Plan
2. Quality Metrics
3. 3. Quality Checklist
6. Project Human Resources Management
1. Organizational Chart
2. RACI Chart
3. Resource Histogram
4. Staffing Management Plan
7. Project Communications Management
1. Communications Management Plan
1. Setting up Google Hangouts/ Google Drive
2. Project Website
8. Project Stakeholder Management
1. Stakeholder Management Plan
9. Project Risk Management
1. Risk Management Plan
2. Risk Analysis
3. Risk Register
10. Project Procurement Management
1. Procurement Management Plan
2. Involved Restaurants Contract
3. Executing
1. Business Plan (Andy and Bekka)
1. Statement of Objectives
2. Assign Business Plan
3. Determine due date
4. Receive complete plan from 401
5. Post on Drive for all students involved
2. Restaurant Contracting (Ashley Borhart, Becca Muick)
1. Restaurant Selection
1. Assign Market Research Survey
2. Receive results
2. Create Restaurant Contracts
1. Draw up contracts to assure business to business cooperation
2. Present contract/agreement to restaurants and get signatures
3. Make list of Agreeing Restaurants
3. Menu Confirmation
1. Confirm accuracy of each menu
4. 3. Website Development (Daniel Groce, Tyler Howe)
1. Website Structure
1. Website Language Structure (text)
2. Images, Colors, Logo
2. List Participating Restaurants
1. Menu for Each Restaurant
4. Payment Procedures (Ivan Znika)
1. Assign Payment Method Deadline to BUS 401
2. Receive payment decision from BUS 401
3. Write up alternate electronic payment method
4. Deliver the write up to BUS 401
5. Delivery Method (Greg Jones, Ross Schwenk)
1. Provide 401 with delivery options
2. Get Delivery Methodology document from 401
3. Review Created Document and Procedures
6. Scheduling and Staffing Method (Robert Horn, Drew
McAllister)
1. Provide 401 with scheduling and staffing recommendations
2. Get Scheduling Policy document from 401
3. Review completed Scheduling Policy document
7. Marketing Coordination (Sulaiman, Mesaab, Eliott)
1. Marketing Research
1. Assign Survey
1. Get needed research subjects from 401
2. Deliver subjects to Marketing Research class
2. Receive Data Analysis
3. Consultation with 401 Class
2. Marketing Promotions
1. IMC Plan
3. Coordinate Research and Promotion
1. Information Request Form
4. Monitoring and Controlling
1. Create Progress Reports
5. Closing
1. Project Completion Forms
2. Peer Evaluations