Readings are from the Custom Text (ISBN 007234279X), Maher, Cost Accounting: Creating Value for Management, Fifth Edition or from Bonini et al., Quantitative Analysis for Management. Cases and notes are located in the Stipes Publication. Class handouts can be obtained in the Course Materials Section or within the Schedule of Work below.
COURSE INTRODUCTION
1/19
Introduction and Group Assignment
READ THIS SYLLABUS CAREFULLY AND COMPLETELY
Stipes: Learning with Cases (9-589-080)
1/21
Maher Chapter 2, Cost Concepts and Behavior (product costing)
Chapter 3, Cost System Design
Lecture and group problem solving: Download handout for group work.
COST ANALYSIS AND MANAGEMENT DECISION MAKING
1/26
Maher: Chapter 13, Cost-Volume-Profit Analysis
Class discussion and demonstration problems: Download handout for group work.
1/28
Maher: Chapter 13, Cost-Volume-Profit Analysis continued
Stipes: Prestige Telephone Company (9-184-166) Hand in computations and memo (2%).
2/2
Maher: Chapter 12, Cost Estimation
Lecture and group problem solving: Download handout for group work.
2/4
Maher: Chapter 12, Cost Estimation
Stipes: Cenex (9-189-038) and Burd & Fletcher (both require a spreadsheet or statistical package)
Burd & Fletcher data
2/9
Maher: Chapter 14, Differential Cost Analysis / Contribution Analysis
Lecture and demonstration problems: Download handout for group work.
2/11
Maher: Chapter 15, Using contribution analysis to make production decisions
Stipes: Hanson Manufacturing Company (9-156-004)) Hand in computations and memo (2%).
2/16
Maher: Chapter 14 & 15, Contribution and capacity issues
Lecture and demonstration problems: Download handout for group work.
2/18
Product costs, contribution analysis and scarce resources
Stipes: Reichard Maschinen GmbH (John K. Shank) Written analysis due (10%).
BUDGETS: PLANNING, CONTROL AND PERFORMANCE EVALUATION
2/23
Maher: Chapter 17, Planning and budgeting: material and labor variances
Group discussion problems: Example Company Problem, part 1
2/25
Maher: Chapter 18, Flexible Budgeting and Performance Evaluation
Group discussion problems: Example Company Problem, part 2 (same as above)
3/2
MIDTERM EXAM (participation self-evaluations due)
3/4
Maher: Chapters 18 and 19, Budgeting and Variances
Stipes: Waltham Motors Division (9-184-169) Hand in computations and memo (2%).
DECENTRALIZATION AND PERFORMANCE EVALUATION
3/9
Maher: Chapters 20 & 21, Performance Evaluation
Lecture notes: Download handout for group work.
Select groups and group leaders for National Youth Association.
3/11
Day off.
3/16 Spring break
3/18 Spring break
3/23
Maher: Chapter 21, Transfer pricing
Lecture and demonstration problems: Download handout for group work.
3/25
Maher: Chapter 21, Transfer Pricing
Case: National Youth Association (158-0001) Group exercise.
Select group leaders for Provigo.
3/30
Maher: Chapter 20, Performance Evaluation in Decentralized Organizations
Case: HCC Industries (9-189-096) Hand in a two-page memo (2%).
No computations are required.
4/1
Group strategy and planning session: Provigo group leaders will submit a timetable indicating all scheduled within- and between-group meetings and work assignments for group members. Group leaders will schedule appointments with Prof. Doogar to provide a progress report and to check calculations. Preliminary BOD meeting agenda is also due.
4/6
Group strategy and planning session: Group leaders will submit a progress report and preliminary visual aids by the end of the day April 6. BOD final agenda is due, along with an initial assessment of divisional performance.
4/8
Group strategy and planning session: Group leaders will submit final visual aids by the end of the day.
4/13
Board of Directors' meeting for Provigo (Company A). Each group's recommendation and discussion due by 6:00 p.m. Thursday. (Maximum five pages)
MANAGEMENT DECISIONS UNDER UNCERTAINTY
4/15
Heuristics and Biases
Lecture and illustrations
4/20
Bonini: Chapter 5, Basic Probability Concepts
Problems: 5-15, 16, 29, 32, 38, 40, 42, 43, 45
Stipes: Decision Analysis (9-894-004)
4/22
Bonini: Chapter 5: Decision Making under Uncertainty
Finish Problems: 5-15, 16, 29, 32, 38, 40, 42, 43, 45
Demonstration problems: Probability revision, perfect information, imperfect information.
4/27
Bonini: Chapter 4 & 5, Decision theory: The value of imperfect information
(Decison trees and probability revision)
Stipes: Value of Information (9-191-138)
Stipes: Hawthorne Plastics, Inc. (9-171-004) Written analysis due (10%)
4/29
Bonini: Chapters 4 & 5, Decision analysis and the value of information
More than one decision maker
Stipes: Brockway and Coates (9-892-002). Group problem-solving
5/4
Course Recap
Hand in memo and decision trees from Brockway and Coates, Inc.
Final Exam: TBA