TOPICS IN MANAGEMENT ACCOUNTING
AMIS 4310 – Autumn 2014
INSTRUCTOR: Prakash R. Mulchandani
OFFICE HOURS: T/R 12:30-1:30pm, and by appointment
OFFICE: 340 Fisher Hall
TELEPHONE: (614) 247-6267
FAX: (614) 292-2118
This course focuses on the strategic nature of management accounting and emphasizes the critical role that information plays in decision-making, strategy execution, and overall enhancement of a firm’s value. Primarily taught through case studies, this course will utilize and build upon the concepts studied in prior Management Accounting courses, and allow the students an opportunity to see how these concepts fit together.
The world of business continues to change dramatically. As a result, the role of managerial accounting is very different than it was even a decade ago. Today, managerial accountants serve as internal business consultants, working side-by-side in cross-functional teams with managers from all areas of the organization as they make decisions towards defining and implementing strategy. To complete their knowledge of managerial accounting, students must understand how managers are likely to use and react to information provided by management accounting. On the other hand, managers must understand the basis of the financial information provided by management accountants. We will explore both sides during our discussions.
The course is divided into four major parts. The first part covers fundamental concepts, including activity-based management, and provides an overview of managerial accounting. The second part discusses concepts and methods useful for managerial decision making, such as CVP and differential analysis. In the third part, we concentrate on planning and performance evaluation of business segments as they strive to execute the firm’s strategy. Finally, in the fourth part, we discuss measurement and incentives (compensation) of managers and special topics such as transfer pricing and capital budgeting. Three exams will be held during the semester, which will cover the topics that we will discuss in the course.
As indicated above, this is a case-based course to illustrate the applications of managerial accounting concepts in real-life situations. While preparing these cases, students should read about basic concepts on their own, using any of the textbooks mentioned later in this syllabus. However, I do intend lecturing on several topics at appropriate times during the quarter.
REQUIRED COURSE MATERIALS
1. Course Packet. Available at the OSU bookstore on Millikin Way.
OPTIONAL MATERIALS FOR REFERENCE
1. Hilton, Ronald W., Managerial Accounting; Creating Value in a Dynamic Environment, Ninth Edition, McGraw-Hill, 2011.
2. Horngren/Data/Foster; Cost Accounting: A Managerial Emphasis, 14th Edition, Prentice-Hall, 2009.
3. Garrison/Noreen/Brewer; Managerial Accounting, Thirteenth Edition, McGraw Hill, 2010
4. Any Other Managerial/Cost Accounting Text
NOTE: I will put copies of the three books indicated above as reference material in the Knowlton Hall Library.
EVALUATION AND GRADING
Student performance in the course will be evaluated and graded to the following scale:
The exams will be cumulative in nature. These exams will be in problem and multiple choice formats, with each answer being either right or wrong. Sample questions, along with answers, for each topic are included in the course web site. In addition, each exam will include at least one question on a case covered during the corresponding module. The associated case will be given to you during the exam.
Students will work on...
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