TENTATIVE SYLLABUS
Missouri University of Science and Technology
Department of Business and Information Technology
Department Mission:
“Capitalizing on the strong technological emphasis of Missouri University of Science & Technology (S&T), the Department of Business and Information Technology prepares professionals for careers in modern business organizations. The Department emphasizes management through technology with particular focus on information systems and their application in a fast-changing, global and competitive environment.
Through innovative instruction and research, the Department serves the economic interests of industry and the evolving needs of society. The Department provides distance education opportunities utilizing advanced learning technologies”
Course: BUS 6224 Managerial Accounting & Control Semester: Spring 2015
Days and Times: Thursday 4:00 – 6:30 p.m. Room: Fulton 107A
Instructor’s Name: Li Li Eng, Ph.D Office Location: Fulton 107D
Office Phone: (573) 341 4594 Email:
Web Locations: http://blackboard.mst.edu/
Office Hours: TBA
COURSE INFORMATION
Catalog Description:
This course covers managerial accounting and its critical role in decision making, monitoring, and controlling business processes.
Textbook:
· Custom book for BUS 6224 (424) Managerial Accounting, McGraw-Hill
Primis ISBN-13: 978-0-390-66719-9
Primis ISBN-10: 0-39-066719-6
The textbook is only available at MST bookstore.
INSTRUCTIONAL METHODS
Class instructions will include lectures and working out some problems. Each student is expected to read the material before the scheduled class discussion. All assigned material may not be covered in the lecture; therefore, students are encouraged to bring up for discussion any material he or she does not completely understand.
Course Learning Objectives:
Course Objectives / Program Learning ObjectivesIntegrated understanding of business fundamentals / Communicate via oral methods / Communicate via written methods / Analytical and problem solving skills / Use information technology for decision making / Function effectively as a team member and as a team leader / Understand ethical decision-making
· Understand the use of accounting information for business decisions and as a basic language of business / X / X / X / X / X / X / X
· Understand the basic concepts and tools associated with cost management information systems / X / X / X / X
· Use cost information to cost out products, services, projects, and other important cost objects / X / X / X / X
· Use cost information to make decisions and exercise control / X / X / X / X / X
· Understand and appreciate differences between contemporary and traditional approaches to costing and control / X / X / X / X
COURSE POLICIES AND GRADINGS:
Attendance: Students are expected to attend every lecture. If you are unable to attend a class, you need to turn in assignments in advance (ask a friend to turn it in for you, email me the homework, etc.). You are also responsible for finding out what was covered in class and what announcements were made as well as obtaining handouts.
· ALL ASSIGNMENTS AND TESTS ARE INDIVIDUAL WORK UNLESS OTHERWISE SPECIFIED.
· All assignments should be handed in at the beginning of class on the date announced. ASSIGNMENTS THAT ARE UP TO THREE DAYS LATE WILL GET ONLY 50% OF THE POINTS.
· Please make every effort to make it to class on time. It is disruptive to the class to have members arriving late.
· The instructor will assign NO incompletes in lieu of a regular grade.
· Disruptive behavior will not be tolerated and could result in points being deducted from exam scores at the discretion of the professor and/or prompt dismissal from the class.
· Students are expected to remain until the class is concluded. If there is a valid reason for leaving before the class ends, a word to the instructor before class and choosing an aisle seat is appropriate. Otherwise, an early departure will be counted as an absence with regard to the Attendance Policy. In case of an emergency, leave as quietly as possible.
Blackboard
Course materials, including syllabus, and homework schedule, can be found on Blackboard.
Academic Dishonesty/Ethics/Integrity Statement (http://registrar.mst.edu/academicregs/index.html):
Violations of the University’s academic code include, but are not limited to, possession of or use of unauthorized materials during quizzes or tests; providing unauthorized information to another student; or copying the work of another person. Violations may result in academic penalties in addition to receiving an “F” on the assignment in question.
Page 30 of the Student Academic Regulations handbook describes the student standard of conduct relative to the University of Missouri System's Collected Rules and Regulations section 200.010, and offers descriptions of academic dishonesty including cheating, plagiarism or sabotage. Additional guidance for faculty, including the University’s Academic Dishonesty Procedures, is available on-line at http://ugs.mst.edu. Other informational resources for students regarding ethics, integrity and the student honor code can be found online at http://ugs.mst.edu/academicintegrity/studentresources-ai and http://stuco.mst.edu/about/honor-code.
Academic Alert System (http://academicalert.mst.edu):
Missouri S&T is committed to the success of its students by providing an environment conductive to teaching and learning. To ensure that every student takes full advantage of the educational opportunities and support programs on campus, the University has implemented an Academic Alert System, a web-based application. The purpose of the System is to improve the overall academic success of students by:
· Improving communication between students, instructors, and advisors;
· Reducing the time required for students to be informed of their academic status;
· Informing students of actions they need to perform in order to meet the academic requirements in the courses they are taking.
To assist you, I will initiate an academic alert for students who are not meeting academic course requirements through poor performance on assignments or poor attendance. When an alert is initiated, an email is immediately sent to the instructor, student, and advisor. You are encouraged to respond quickly to all academic alerts. If you fail to open the alert within one week, email notification is sent to your advisor.
Disability Support Services (http://dss.mst.edu/):
If you have a documented disability and anticipate needing accommodations in this course, you are strongly encouraged to meet with me early in the semester. You will need to request that the Disability Services staff send a letter to me verifying your disability and specifying the accommodation you will need before I can arrange your accommodation. If you have a disability that might require academic accommodations, please visit Disability Support Services in 204 Norwood Hall (341-4211; ) very early in the semester.
Classroom Egress Maps (http://registrar.mst.edu/links/egress/):
Please familiarize yourself with the classroom egress maps posted on line so you will know where emergency exits are located.
Evaluation Methods: Grades are based upon performance on exams, participation, and assignments. Total points earned will determine grades. The course grade is computed as follows:
HomeworkCase Studies
Group Project
Exams
Total Points / 150
20
30
300
500
Grading Scale:
A: ³ 450 B: 400 - 449 C: 350 - 399 F: < 349
Homework:
Each student is required to turn in individual homework for grade. Ten (10) homework assignments will be counted in your final grade. Please see page 5 of the syllabus for homework dates. Homework must be handed in during class as scheduled. Late homework will not be accepted.
Case studies:
Analyze the business situation in the Harvard Business cases assigned. Be prepared to discuss the case in class. Write a report presenting your analysis of the situation. Reports must be handed in during the due date as scheduled. These may be individual or team reports. Each team will consist of three to four students.
Group project:
You will be required to do a group project. Each team will consist of three to four students. You will form your group in the second week. You and your group members will be making presentations on the scheduled dates (see page 5).
You plan to start a company to manufacture and sell a product. You are going to assess whether this is a viable business. Draw up a business plan for your company. Include details such as product, costs, pricing, budget, profitability planning, etc. with supporting analyses. You will hand in your report (10 pages) on the due date.
A group member who is not contributing to the group project may be dropped by the team. Every group member’s effort in the project will be evaluated by the other group members. Peer evaluation will determine a portion of the project score for each team member.
Exams:
Exams are to be taken at the time and place scheduled. Make-up exams are only given due to reasons of illness or extreme emergency circumstances.
TENTATIVE ASSIGNMENT SCHEDULE
WEEK / CLASS / READING / DISCUSSION / HOMEWORK1 / 22-Jan / Chapter 1 Managerial Accounting / 1-25
Chapter 2 Cost Concepts / 2-28, 2-37
2 / 29-Jan / Chapter 3 Product Costing / 3-26, 3-33, 3-52 / 1-27, 2-43, 2-46
3 / 5-Feb / Chapter 4 Process Costing / 4-18, 4-20, 4-23 / 3-55, 3-56
4 / 12-Feb / Chapter 5 Activity-Based Costing / 5-26, 5-27 / 4-27, 4-33
5 / 19-Feb / Exam 1 (Chp. 1 – 4)
6 / 26-Feb / Colorscope (HBS case) / Colorscope / 5-29, 5-48, 5-66
Questions on p. 6
7 / 5-Mar / Chapter 6 Cost Behavior / 6-24, 6-25, 6-35 / Colorscope report
8 / 12-Mar / Spring Recess (no class)
9 / 19-Mar / Chapter 7 Cost-Volume-Profit Analysis / 7-27, 7-30, 7-34 / 6-33, 6-43
10 / 26-Mar / Spring Break (no class)
11 / 2-Apr / Chapter 9 Budgeting / 9-24, 9-27 / 7-44, 7-49
12 / 9-Apr / Exam 2 (Chp. 5 – 7)
13 / 16-Apr / Chapter 10 Standard Costing / 10-43, 10-45 / 9-32, 9-34
14 / 23-Apr / Chapter 13 Investment Centers / 13-29, 13-32, 13-33, 13-34 / 10-47, 10-48
15 / 30-Apr / Chapter 14 Decision Making / 14-32, 14-39, 14-41 / 13-40, 13-47
16 / 7-May / Group Project / Presentation / 14-46, 14-55
Project report
17 / 14-May / Exam 3 (Chp. 9 - 10, 13 - 14)
Colorscope Case Study
Assignment Questions
1. Why would any customer, let alone large advertising agencies and departmental stores, go to Colorscope rather than go to the large printers listed in Exhibit 3?
2. (a) Set up a two stage cost system to figure out the profitability of different jobs. You will have to choose resource drivers to allocate the cost of resources to cost pools. Then choose cost drivers to allocate the costs in various cost pools to jobs. Compute the cost driver rates. Calculate profitability of job 61001 by allocating costs to that job using the cost driver rates that you estimated. It might be useful to diagram this system before you start calculating the cost pools and cost driver rates.
(b) What is the profitability of customer number 16 for Colorscope?
3. What you have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis?
4. What is the financial consequence of rework? What should Colorscope do about rework? How?
5. What do you recommend to solve the cost-quality tradeoff problem?
6. Should Colorscope do anything about its incentive system?
Guideline for BUS 6224 project
Proposing a business plan (10 pages)
1. Introduction: Tell us about your product or service
2. Background: Discuss about the facility you would need to launch this business
3. List the variable costs, fixed costs, activities costs related to your business
4. Show your analysis (example, CVP, product cost, job cost, ABC, etc.)
5. Your recommendation
6. Conclusion
This video segment was on NBC’s morning show on 9/24/07. You may find the following report and video on NBC useful.
http://today.msnbc.msn.com/id/20926395/
A sample report from previous year is available from the instructor.
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