Dominican University

MANAGERIAL ACCOUNTING GSB 701-01-01, Summer 2010 SYLLABUS page 1

Instructor: John A. Hug, 5527 S. Cornell #2, Chicago, IL 60637 Alexander Chemical Corporation, 1901 Butterfield #120 Downers Grove IL 60515 phones; home 773-643-0852 work 630-955-6066 fax 630-955-6065 email: johnahug@hotmail.com preferred to jhug@dom.edu (Prerequisite: GSB 612) Text: Managerial Accounting, Garrison Noreen Brewer, 13th Edition, McGraw-Hill Irwin, 2010. Note that the International edition of this text may not contain the same chapter problems as the US edition.

Outcomes of this class: At the completion of this class, you should be able to: Understand the application of relevant cost concept to business decision making Understand the behavior of costs (and the cost-volume profit relationship) and the importance of cost behavior to planning and decision making Understand the budgeting process and prepare simple fixed and flexible budgets Understand, differentiate and select and apply to concepts of job-order costing and process costing to any industry. Understanding the use and logic of activity-based costing Calculate and apply various overhead allocation concepts Perform profitability analysis Use cost data to make optimum decisions for capital planning, make-buy, pricing, Analyze financial statements Notes on the class: This is often identified as a cost accounting class. In fact it is really a class in decision making using accounting data. It has great practicality to all endeavors from profit making businesses to not-for-profits to personal life. The materials teach you to make financial plans (when can I afford a new car and how should I pay for it) and provide the tools necessary to evaluate historical results and predict the results of certain decisions. Management principles can be applied to every situation you are in. As an example, budgeting and variance analysis fit your personal life as well as corporate and fit your corporate life regardless of your field or position. This course content is on Blackboard. If you have any problems, let me know. If you do not have a Blackboard account, please sign up for one immediately and obtain the materials for use of Blackboard. On Blackboard you will find: 1. Updated information on syllabus, outside assignments and relevant new materials obtained after the start of the semester. 2. Copies of selected slides/transparencies used during class lectures 3. Solutions to all problems listed on the syllabus as class or homework assignments. 4. Sample tests from this course in prior years. (before you ask, I did not teach it in 2005-2007) I will NOT be handing out these items; if you wish to have a hard copy, print them from Blackboard. Be sure to check Blackboard weekly for updates and announcements.

Dominican University

MANAGERIAL ACCOUNTING GSB 701-01-01, Summer 2010 SYLLABUS page 2

From my perspective, the most important parts of the course include chapters 5,6,7 and 13,14. Chapters 10 and 11 are often difficult. The text is generally very good. Two aspects of the course are important to me for your success. First, you must read the material before class since any lecturing I do will be to highlight points in the book, not to read it to you. Likewise, you must read and understand the class examples before we go over them. This will be hard with a twice-weekly class schedule. I suggest on the weekend you read the coming chapters for both of the next weeks classes. Secondly, you will not learn the material unless you do the homework on a timely basis. As with all quantitative courses (accounting, statistics, math) the content wont stick unless you practice it several times. I have posted the solutions to both class problems and homework on to Blackboard, but dont use them unless you are stuck. To make sure everyone is grasping the course content, I will offer 4 non-cumulative quizzes. They will be problem format, similar to homework and class examples. They are closed book, except that each student may bring one 5x 7 card of handwritten crib notes. Makeup quizzes for legitimate absences will be taken in the business school office at their convenience. Grading will be as follows: quiz on chapter 2,3,4 30 quiz on chapter 5,6,7,8,9 30 quiz on chapter 13,14 30 quiz on chapter 10,11,12,15,16 30 homework (maximum) and class preparedness 10 130 Regarding homework, I will not grade it, but merely determine that you have put forth effort to try the problems. I will collect your written homework for chapters 1 to 9 on June 11th and chapters 10 to 16 on June 25th. If you try every problem, you will receive full credit, regardless of how accurate your answers - so please work the problems without using the answers. Everyone starts with 10 homework/class preparedness points and only loses points for incomplete assignments or indicated lack of effort (i.e. it is evident you did not read the chapter before class). Final grade for the course will be as follows: A minus = 115+ (out of a possible 130 points) B minus = 100+ C minus = 88+ Given what should be a relatively small class, I will hold up class for you if you are late. If you will miss class for any reason, please contact me at work or home to let me know. I have NO voice mail at Dominican call my office at Alexander Chemical or call my house! The class will move extremely fast due to the summer twice per week schedule. Be prepared and dont plan much else for Wednesdays. Double up your reading on weekends. You will learn quickly that I prefer to be called by my first name, which is JOHN. While never substantiated, it is rumored that I have shown more grading leniency toward those who use my first name.

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DOMINICAN UNIV.

COST (MANAGERIAL) ACCOUNTING 701-01-01 SUMMER 2010 SYLLABUS

Quiz tonight on chapters Problems to prepare before this class Homework after this class

Class # 1 2 3 4 4 5 6 7 8 9 10 10 11 12 13 14

Date

Read before Class: Chapters

12-May 1, 2 - Intro and Cost Terms 14-May 3 - Job-Order Cost and Process Cost (Chp 4) 19-May 4 - Process Cost (and appendix) 21-May 5 - Cost Behavior 21-May 6 - Cost, Volume, Profit 26-May 7 - Variable Cost & Appendix 14A,B,C (pg 671-686) 28-May 8 - ABC (and completion of Chapter 7) 2-Jun 9 - Profit Planning (and completion of chapter 8) 4-Jun 13 - Relevant Costs 9-Jun 14 - Capital Budgeting (appendices are important !!!) 11-Jun 10 - Flexible Budgets and Performance Analysis 11-Jun 11 - Standard Costs and Performance Measures 12 - Segment Reporting, Decentralization & Balanced 16-Jun Scorecard 18-Jun 15- Statement of Cash Flows 23-Jun 16 - Financial Statement Analysis 25-Jun Final quiz Chp 10,11,12,15, 16 Chp 5,6,7,8,9 Chp 2,3,4

2,5,7,11 11,15,17 2,3,4,5,6,7,10 4,10,17 3,12,14,20 7,9, A-1,2,3

17,19,25,28 21,25,28 13,14,16,17,18 15,21 10,11,16,24,25 1,2,5, A-4,5

2,3,4,5
1,2,3,21 1,2,5,6,9,13 3,7,14,18,34 1,9,13,15 7,10,25 Chp 13,14 5,9,11,13 12

10,11,13,21 23 3,4,7,8,10,11,12 26,27,31 10,11,16,19,25 1,12,15,29 8,21,24,25 10,14