SL350 MANAGERIAL ACCOUNTING

 WINTER 2004-05

                                                                                                                

Dr. Tom Mason

Room:  M246                                                              

Home 812-299-9824                                                                   

Office 812-877-8155                                      

Thomas.Mason@Rose-Hulman.Edu              

FAX 812-877-8878                            

    

TEXTBOOK:Horngren, Sundem and Stratton: Introduction to Management Accounting, 13th edition.  Englewood Cliffs, NJ:  Prentice-Hall, 1998.

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WALL STREET JOURNAL: Student subscriptions available.

 Other materials:  From time to time there may be handouts or library reserve material to supplement your text.

 Objectives:

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          UNDERSTAND THE ROLE OF ACCOUNTING IN MANAGEMENT OF ORGANIZATIONS

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          DISTINGUISH FINANCIAL AND MANAGERIAL ACCOUNTING AND THEIR OBJECTIVES

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          USE THE LANGUAGE OF ACCOUNTING

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          USE FINANCIAL STATEMENTS AS TOOLS TO MANAGE ORGANIZATIONS

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          UNDERSTAND INVENTORY AND DEPRECIATION ACCOUNTING

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          UNDERSTAND BASIC PRINCIPLES OF ASSIGNING AND MEASURING COSTS

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          USE BASIC CONCEPTS OF ACTIVITY BASED ACCOUNTING

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          UNDERSTAND HOW TO DEVELOP AND USE A BUDGET

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          UNDERSTAND BASIC PRINCIPLES OF CAPITAL BUDGETING

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          USE FINANCIAL INFORMATION TO MAKE INVESTMENT AND OTHER DECISIONS

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          DEVELOP A SOLID FOUNDATION FOR LEARNING MORE ABOUT ACCOUNTING

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          UNDERSTAND HOW TO DEVELOP PRO FORMA STATEMENTS FOR BUSINESS PLANNING

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          LEARN WHAT YOU NEED TO KNOW AS A TECHNICAL MANAGER ABOUT ACCOUNTING, TAXES AND RELATED TOPICS.

 

 

 

 SCHEDULE:   Topic

  Text (*Homework)

Date

Introduction

Chapter 1

 

Assignment material:   1-B1, 1-30, 1-42, 1-46

 

Friday class discussion of 1-46

Week 1

Basic Accounting

Chapter 15

Assignment material: 15A-1* (Case 3), 15-B1*, 15-29, 15-30*, 15-31, 15-32, 15-39

Week 2

Corporate Annual Reports:

Basic Financial Statements

Chapter 16

Assignment material:            16-B3*, 16-42*, 16-49,       16-51*, 16-52*

Friday class discussion of 16-37

Week 3

Inventory Methods

Chapter 16  Appendix

Assignment material:  16-56*, 16-57*

 TEST #1 12/14/04 through Week 3

Friday class discussion of 15-43

Week 4

More on Corporate Annual Reports

Chapter 17

Analytical Report #1 DUE 1/7/05

Assignment material: 17-A1, 17-A2, 17-A3*,17-35*, 17-36* 

Friday class discussion of Analytical Reports

Week5

Cost-Volume Relations

Chapters 2 and 3

 

Assignment material: 2-B1, 2-47*, 2-49*3-B1*, 3-49*, 3-52* (except part 4)

 

Week 6

Introduction to Cost Systems

Chapters 4 and 5

TEST #2 1/25/05  Weeks 4-6

Assignment material:  4-A1, 4-A2*,4-A4*,  4-41,4-43, 4-55*, 5-A1, 5-47, 5-45, 5-59, 5-62*

Friday class discussion of 5-45

Week7

Relevant Costs and Special Decisions

Chapters 6 and 13

 

Assignment material:6-33*, 13-B2*

 

Analytical Report #2 Due 2/4/05

Week8

Budgeting

Chapters 7 and 8

 

Assignment material: 7-A1*, 7-34, 7-35,  8-24, 8-25*, 8-43*

 

Week 9

Capital Budgeting

Chapters 11

 

Assignment material:  11-28, 11-33*, 11-39. 11-40, 11-56*, 11-65*

Friday class discussion of 11-28

Week10

FINAL EXAM

TBA

 

 

GRADES:     

2 Tests         20% each

2 Reports     10% each

Homework   10%

Final             30%