Managerial Accounting
Accounting for costs with applications to managerial decision-making.
A thorough review of managerial accounting issues of importance to many organizations such as cost allocation, activity based costing, budgeting, standard costing, just-in-time inventory and other topics.

Art Franczek
Art has been a full-time member of the AIBEc faculty since 1996, and served as Associate Dean for Academic Affairs before becoming President in 2001. He is professor of accounting and director of accounting program at AIBEc.

Purpose of this Course
This course provides the student with a thorough background in the latest Managerial Accounting issues such as Job Costing, Cost Volume Profit Analysis, Cost Allocation, Activity Based Costing/Management, Standard Costing, Budgeting, Total Quality Management and Just in Time management. Special emphasis is placed on the latest techniques in Cost Optimization both in Russia and abroad.

Course Materials
Students are provided with a CD that includes the following materials:

  • Power point slides and required readings organized by topic.
  • Required Homework organized by topic.
  • Recent Harvard cases on Toyota, Dell, Walmart, Tesco, Amazon, and others.
  • Supplemental material such as the most recent articles on Accounting and articles written by Art Franczek.

Grading
Grading of this course will be based on the examination, class participation and each student will be required to do at least one case presentation.

Failure to attend 40% of classes leads to immediate failure in the course and loss of credit.

The course will be graded in accordance with the following schedule:

Class participation ___________ 30%
Midterm _____________________ 30%
Final ________________________ 40%
Total _______________________ 100%

Course Topics
  1. Introduction to cost terms.
  2. Job costing.
  3. Cost volume profit.
  4. Decision making.
  5. Cost allocation.
  6. Activity based costing.
  7. Inventory costing.
  8. Standard costing.
  9. Master budget.
  10. Total quality management.
  11. The economic order quantity model.
  12. Just-in-time management.
  13. Transfer pricing.

Cases for presentation
  1. Daniel Dobbins cost control
  2. Nostrum perpetual inventory
  3. Winchell tracing marketing costs
  4. Kantral customer costs
  5. Dell e-business strategy
  6. Dell supply chain
  7. Walmart supply chain
  8. Walmart supply chain practices
  9. Texas eastern TQM
  10. 6 sigma at GE
  11. Ford

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