School of Business
Chicago Campus
Syllabus
Managerial Accounting B6021
Fall I 2007
Term I: September 4th to October 24th 2007
Fridays 6:00 – 10:00 p.m.
Room TBA
Bob Castaneda, DBA, CPA, Instructor
ArgosyUniversity
COURSE SYLLABUS
B6021
Managerial Accounting
Faculty Information
Faculty Name: Dr. Bob Castaneda
Campus:Argosy Chicago
Contact Information:312-498-2028
Office Hours:9AM to 9PM Mon - Sat
Short Faculty Bio:Educational & Professional Background of Instructor:
Roberto Castaneda received his graduate degree (DBA) in Accounting from Argosy University/Schaumburg; (MM/MBA) in Marketing and Finance from NorthwesternUniversity, and his undergraduate degree in Accounting and Marketing from DePaulUniversity. He is also a Certified Public Accountant. Dr. Castaneda has worked in senior finance positions at American Express, PepsiCo and McDonald’s Corporation in a number of international countries.
Course description: This course teaches students how to finance an organization by focusing on financial aspects in terms of original and growth capital.
Topics include pro-forma development and review, business valuation modes, financing startups, going public, selling out, cash flow analysis and raising capital from private investors, venture capitalists, vendors, insurance companies and banks.
Course Pre-requisites: None
Required Textbook:
Dais, J., Hartgraves A., Morse, W., Potter, G., (2006). Managerial Accounting, 4th ed. Cambridge Business Publishers. ISBN: 0-9759701-3-5
Author’s website
COURSE INFORMATION
Fall I 2007
September 4th to October 24th2007
Course Credit Hours: 3
Meeting Times: Friday 6 PM to 10 PM
In Class Meetings
Session DATESTIMES
Session 109/27/076 PM to 10PM
Session 209/14/076 PM to 10PM
Session 309/21/076 PM to 10PM
Session 409/28/076 PM to 10PM
Session 510/05/076 PM to 10PM
Session 610/12/076 PM to 10PM
Session 710/19/076 PM to 10PM
Session 810/26/076 PM to 10PM
Classroom: TBA
Instructor: Bob Castaneda, DBA, CPA
Office Hours & Telephone:
Daytime 8am – 5pmOffice: 312-498-2028
Evening 6pm – 9pmOffice: 312-945-3168
FAX: 312-945-3169
Email:
ABOUT the PROFESSOR
Roberto Castaneda received his graduate degree (DBA) in Accounting from ArgosyUniversity; (MM/MBA) in Marketing and Finance from NorthwesternUniversity, and his undergraduate degree in Accounting and Marketing from DePaulUniversity. He is also a Certified Public Accountant.
I am usually available from 9AM-9PM Central Time on most days, but attempt to reserve Sunday for my family. If you find you need to communicate with me at another time please let me know and I will try to accommodate your schedule if at all possible. I provide you with these times to make it easier to communicate with me, not to limit our contact and want you to know that, should you have an urgent need to contact me outside these time frames, you should not hesitate to do so.
EDUCATIONAL PHILOSOPHY
Learning is a life long process to be cherished whether you are a part-time or full-time student. Obtaining a degree helps one to standout from the crowd for that next job, promotion, or to further personal enrichment.
catalog Description
Applied Managerial Accounting focuses on the development, interpretation, and application of accounting information for managerial decision-making. The course stresses the use of financial and non-financial information within a variety of organizations for the purposes of understanding and analyzing activities and operations. You will examine the linkages between accounting information and management planning through cost analysis, operational and capital budgeting and performance measurement.
Course objectives.
Overall objective-
Students will be able to understand concepts and uses of managerial accounting techniques, formulate and develop cost accounting models and tools, apply cost accounting techniques to work processes, and obtain a knowledge base so that the tools learned in this course can be used throughout the individual’s academic or professional career.
Specific objectives of this course include-
- Determine the enhanced role of management accountant beyond number counting.
- Comprehend the terminology of basic cost accounting terms such as direct costs, indirect costs, cost drivers, variable costs, fixed costs, inventoriable costs, period costs and relevant costs, cost of goods manufactured, and cost of goods sold.
- Apply the CVP technique and sensitivity analysis for decisions.
- Estimate and project the cost based upon the behavior of costs and cost driver.
- Distinguish between relevant and irrelevant cost for tactical decision-making.
- Apply Activity-Based Costing system for cost management and profitability improvement
- Define budgeting and discuss its role in planning, controlling, and decision-making. Develop an operating budget, and financial budget, identifying the major components, and explain their interrelationship.
Useful Web Sites:
Institute of Management Accountants
American Institute of Certified Public Accountants
Rutger’s University’s accounting web site
Management accounting guidelines publications
Prentice Hall Companion Web Site.
Lindo Systems
Journals:
Management Accounting Quarterly
Journal of Accountancy
Strategic Finance.
instructional technique
30% classroom teaching techniques (e.g., lecture, discussion, cooperative learning, audio-
visuals), accompanied by a short rationale for why they are being used.
60% required text and/or other reading sources (e.g., reserve readings, instructor-
constructed handouts or other written materials distributed to students in class).
10% case study in applying methods learned.
100% Total
Course assessment / Examinations
15% Class Participation (assessed with objective 1 through 7 above)
30% Case Study (to be provided on first day of class and due TBD) assessment of
objective 2 and 3 above)
20% Midterm will occur on TBD (assessment of objectives 2, 3, and 4
10% Homework (assessment of objective 2, 3 4,and 5 above)
25% Final Exam (assessment of overall course objective above) will occur on TBD
(make up allowed at discretion of the teacher)
100%
Grading Criteria:
The grading scale is as follows:
Percentage / Letter Grade93-100 / = / A
90-92.9 / = / A-
87-89.9 / = / B+
83-86.9 / = / B
80-82.9 / = / B-
77-79.9 / = / C+
73-76.9 / = / C
70-72.9 / = / C-
67-69.9 / = / D+
63-66.9 / = / D
60-62.9 / = / D-
<60 / = / F
Grading Criteria
A = surpasses expectations
B = exceeds expectations
C = meets expectations
D = misses expectations
F = requirements not met
Criteria for Term Paper:
GradeA = 90+ / Paper is in appropriate APA format, well thought out and provides excellent coverage of material
B = 80 – 89 / Paper is well thought out, but is missing one component of APA format OR coverage of material is only adequate
C = 70 – 79 / Insufficient number of references provided AND limited coverage
D = 60 - 69 / Paper is disorganized AND coverage is not adequate AND does not conform to APA format
F = <60 / Evidence of plagiarism OR paper not submitted
Criteria for Class Presentation
GradeA = 90+ / Presentation is well organized and provides excellent coverage of the topic area; informative handouts provided to the instructor and classmates
B = 80 – 89 / Presentation is well organized and provides good coverage of the topic area
C = 70 – 79 / Coverage of material is marginal; presentation is slightly disorganized
D = 60 - 69 / Presentation is disorganized and does not provide adequate coverage of the topic area
F = <60 / Presentation was not completed by student
Criteria for Class Participation
GradeA = 90+ / Student actively participated in discussions in >80% of class sessions; nearly all comments were thought provoking and incorporated material from the assigned readings
B = 80 – 89 / Student actively participated in discussions in >80% of class sessions; most of the comments were thought provoking and incorporated material from the assigned readings
C = 70 – 79 / Student participated in discussions in >70% of class sessions; comments/questions demonstrate a surface level understanding of course topics
D = 60 - 69 / Student participated in <70% of class sessions; comments/questions did not demonstrate an understanding of course topics
F = <60 / Student did not participate in class discussions
assignments
Students must bring a calculator to class.
Students are asked to come prepared with the following class readings:
SessionChapter
1 - 2Chapter 1 Managerial Accounting: Tools for Decision Making
Financial vs Management Accounting.
The value chain of business functions
Roles of cost and management accountants.
Standards of ethical conduct
Assignments: Ex:1 through 10
Chapter 2 Cost Behavior, Activity Analysis and Cost Estimation
Direct costs and indirect costs.
Cost drivers and cost management.
Cost behavior patterns: Fixed Vs Variable
Relevant range.
Total costs Vs unit cost
Merchandising Vs Manufacture.
Assignments: Ex: 2-13 through 2-18
3 - 4 Chapter 3 Cost Volume Profit Relationship
Revenues drivers and cost drivers.
Break-even point (equation method, contribution method, graph
method).
Target operating income.
Effects of revenue mix income.
Role of income taxes.
Sensitivity analysis
Assignments: Ex: 3-13 through 3-20
Chapter 5 Activity-Based Costing and Activity-Based Management
Under-costing and over-costing
Refining a costing system
Activity-based costing systems
Using ABC system for cost management and profitability
Improvement.
Assignments: Ex: 5-15 through 5-23
Chapter 10 Capital Budgeting Decisions
IRR
NPV
Payback
Cost of Capital
Assignments: Ex: 10-13 through 10-23
Midterm
SessionChapter
5 – 6Chapter 4 Decision Making and Relevant Information
Decision process.
The meaning of relevance (costs and revenues).
One-time only special order.
Make Vs buy decisions.
Product mix decisions.
Assignments: Ex: 4-13 through 4-23
Chapter 11 Operational Budgeting and Profit Planning
The role of budgeting in planning and control.
Preparing the operating budgets.
Preparing the financial budgets.
Appendix – Linear programming
Assignments: Ex: 11-16 through 11-25
7 Chapter 6 Product Costing: Job and Process Operations
Assignments: EX: 6-14 through E6-27
8 Review and Final Exam
Mission Statement - School of Business
The Argosy School of Business is committed to the goal of providing quality graduate and undergraduate business education in a manner that fulfills both the personal and professional goals of the working adult learner and the expected needs of the local, national and international business community. While recognizing the significance of technology in modern business practice, the Argosy School of Business is distinctive in its behavioral approach to the challenges of managing both people and processes.
The School of Business seeks to achieve this mission through:
1) the recruitment, development, and maintenance of highly-skilled and motivated faculty who teach their fields of specialty from professional experience as well as theoretical knowledge; and 2) through the provision of student learning experiences that link theory with practice and reflect the multidisciplinary demands of a workplace that is increasingly global, diverse, and technologically-oriented.
Disability Statement:
It is the policy of Argosy University/Schaumburg to make reasonable accommodations for qualified students with disabilities, in accordance with the Americans with Disabilities Act (ADA). If a student with disabilities needs accommodations to complete the instructor’s course requirements, the student must notify the Director of Student Services. Procedure for documenting student disability and the development of reasonable accommodation will be provided to students upon request.
Students will be notified by the Director of Student Services when each request for accommodation is approved or denied in writing via a designated form. It is the student’s responsibility to present the form (at his or her discretion) to the instructor in order to receive the requested accommodation in class. In an effort to protect student privacy, Student Services will not discuss the accommodation needs of any student with instructors.
Academic Dishonesty/Plagiarism Statement:
The University seeks to foster a spirit of honesty and integrity. Any work submitted by a student must represent original work produced by that student. Any source used by a student must be documented through normal scholarly references and citations, and the extent to which any sources have been used must be apparent to the reader. The University further considers resubmission of a work produced for one course in a subsequent course or the submission of work done partially or entirely by another to be academic dishonesty. It is the student’s responsibility to seek clarification from the course instructor about how much help may be received in completing an assignment or exam or project and what sources may be used. Students found guilty of academic dishonesty or plagiarism shall be subject to disciplinary action up to and including dismissal from the University.
If you are unsure what constitutes plagiarism, visit the following web site: ArgosyUniversity routinely submits student papers to Turnitin.com for Originality Reports. Papers submitted to Turnitin are checked against published works, content on the Internet, and every other paper submitted to Turnitin.
Statement Concerning the Use of Technology In The Class
ArgosyUniversity encourages the use of technology throughout the curriculum. This course uses the following: computer discussion threads, overheads, video tapes, on line syllabus and assignments, etc. Programmable calculators will be allowed for use during the class and exams by the students.
- Every student MUST have access to a computer and an email address
- Email will be used for instructor communication to students
- Class handout materials may be emailed to students at the instructors discretion
- Software for text documents will be Microsoft Word or Excel
- Software for presentation documents will be Microsoft PowerPoint
- Access to a fax machine will be a useful option
- Students will be expected to review course material on the textbook CD-ROM
- Students will be expected to review the course website for:
- Learning objectives
- Chapter summaries and definition of terms
- Web links for learning and research resources
- Chapter exercises
- Use of AU library Internet resources is a requirement for research papers
- The course will make use of text related videos
Retain this syllabus for future reference
Acknowledgement of Syllabus Content
I have read and understand the course
syllabus for ______at Argosy University/Chicago, which is
being taught by ______. I hereby agree to the terms stated in this syllabus.
Signature / DateSign and date this acknowledgement and return to your instructor during the first classroom session.