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RAMAPO COLLEGE OF NEW
JERSEY
Advanced Managerial
Accounting
Dr.
O'Grady Harvey Prerequisite: Cost Accounting BATG 411 Required Textbooks: 1. COST ACCOUNTING,TRADITIONS AND INNOVATIONS, 3rd edition, by Barfield, Raiborn and Kinney, West Publishing 1998. 2. EXCEL SPREADSHEET APPLICATIONS SERIES, by Gaylord Smith, South-Western Publishing Co., 2000
Suggested Reading: ( available at Ramapo library, except as noted) 1. Strategic Finance (formerly Management Accounting) 2. Grey,R.,Bebbington, J. & Walters, W. (1993), Accounting for the Environment. (available in the professor's office) 3. An Introduction to Environmental Accounting: Key Concepts and Terms, May 1995, Environmental Protection Agency. (available at the library reference desk) 4. Environmental Cost Accounting for Capital Budgeting: A benchmark Survey of Management Accountants September 1995, Environmental Protection Agency. (available at the library reference desk) 5. Environmental Accounting Case Studies: Green Accounting at AT&T September 1995, Environmental Protection Agency. (available at the library reference desk)
Course Objectives: 1. To provide a study of the advanced managerial accounting theory used in management decision making. 2. To develop an understanding of how management accountants analyze contemporary problems associated with the planning and controlling of limited resources of an organization. 3. To introduce the concept of an environmental cost accounting system, including the measurement, reporting and management of those costs. 4. To reinforce cost accounting concepts through integrated computer spreadsheet exercises.
Grading:
EXAM 1
20%
Examinations: NO MAKEUPS. Computer Solutions: Each student is required to utilize spreadsheet software to develop a system solution to a managerial accounting problem. The assignments have been carefully selected to operationalize and reinforce the accounting theory presented in your textbook. The projects are worth 10% of your grade. The solutions are due within two weeks after they are assigned. The assignments are due at the start of class. ANY SOLUTIONS TURNED IN AFTER CLASS COMMENCES ARE CONSIDERED LATE. Points will be deducted for late submissions, so plan ahead. I will be happy to provide feedback on your draft solutions during office hours. The grading of computer projects will be based on information accuracy as well as effective presentation/communication. Extra credit will be available for completion of an additional project.
Class Project: Each student is responsible for selecting a relevant advanced management accounting topic for research. Specific research project requirements are attached to the syllabus. There will be intermediate requirements prior to turning in the final project. The research will be presented to the class and a three-paged TYPED summary (plus exhibits and references, APA style) submitted to the professor
Study Group Format: Research indicates that student learning is enhanced when small group formats, facilitated by the professor, are used in homework discussion. This class will use the group format in addition to traditional presentation of homework solutions. Students will have an opportunity to be included on a phone-chain list, coordinated by the professor, in order to facilitate study groups and emergency snow closing notification.
Attendance: Class attendance is an important component of this course. Students learn from one another as well as from the professor. Promptness is also important because late arrivals are disruptive to the class as a whole. Attendance will be taken and excessive absences will affect your grade. For each absence over three, your final grade point average will be reduced one point. Late arrival counts as an absence.
Class Participation: The ability of each student to effectively participate in class depends on the following: * Class attendance. * Preparation of all assignments before class. * Reading the chapter prior to it's discussion in class.
If you need adaptations or accommodations because of a documented disability, please make an appointment during my office hours.
The following outline is
subject to revision at the professor's discretion. Chapter Topic Assignment 11 Standard
Costing Ex.
23,24,25,30(a) 12 Variable Costing
and Cost-Volume-Profit Analysis Ex.
18,19,20,21,23,24,26,27,29 Exam I Chapters
11, 12 13 Relevant
CostingAppendix: Linear Programming Ex.
23,24,26,29,31,35 14 Master Budget and
Appendix Ex. 23,26,34 Pr.
51 (special group project) Exam II Chapters
13,14 18 Capital
Budgeting Ex.
28,30,31,33,34,35, 38, 48 Discussion Measuring and
Managing Environmental Costs TBA 17 Control of
Inventory & ProductionAppendix: Order Point
& Safety Stock Ex.
22,23,24,25,26,30,34 Research
Presentations Final Examination
Chapters 17, 18, & Environmental
Costs COMPUTER PROBLEMS: Chapter 12 M19 Variable Costing & C-V-P Analysis Chapter 14 M 21 Master Budgets Chapter 13/18 M24 Incremental Analysis-Equipment Replacement Decision
Computer solutions must include (in the following order): 1. Name and number (e.g. M1) on the top of the page. 2. Original data solution (and "data" section) 3. Test data solution (and "data" section) 4. Graphics, as applicable 5. Template of model solution (cell formula's versus amounts)
Remember, in addition to numerical accuracy, you will be graded on professional presentation and "readability".
 RESEARCH PROJECT ALTERNATIVES
Ch.11 Contact a company that uses a standard cost system. Make an appointment with a manager at that company to interview him or her on the following issues: 1) The characteristics that should be present in a standard cost system to encourage positive employee motivation. 2) How a standard cost system should be implemented to positively motivate employees 3) What "management by exception is and how variance analysis often results in "management by exception" 4) how employee behavior could be adversely affected when "actual to standard" comparisons are used as the basis for performance evaluation.
Ch. 12 Contact a local business that uses variable costing for internal reporting and absorption costing for external reporting. Ask the accountant to show you how the conversion is made between the two sets of statements.
Ch. 14 Prepare a computerized personal cash flow budget for a six month period of time (for each month and in total). In the event that you project an excess of expenditures over inflows, what alternatives do you have to cover your outflows? How can you increase your inflows? Explain the rationale you used in developing the budget.
Ch. 17 Contact a firm that has implemented a JIT or MRP system. Discuss with the company's cost accountant and either the (manufacturing) shop supervisor or the product design engineer, the costs and benefits that the company has derived from the system. You need to speak with at least two individuals to get different perspectives. Updated 02/14/2001 |