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ACTG 422/522 – Strategic Cost Management

 

 

ACTG 422/522   Strategic Cost Management

Fall 2016

Course Syllabus

 

Instructor:                            Melinda Perez

Office:                                    466 Austin Hall

Phone:                                   541-737-4193 (message only)

Office Hours:                        Mondays, 4 – 5pm, and Wednesdays, 12:30 – 1:30pm, or by appointment.

Email:                                     mindy.Perez@bus.oregonstate.edu

 

Objective:

Continuation of concepts and processes of management accounting. Emphasizes relevant costs, cost accumulation and allocation, segment performance measurement and control and quantitative techniques. PREREQS: ACTG321 and BA357 and grade of C or better in the prereqs and departmental approval. (4 lecture hours per week for 4 credits)

 

Learning Outcomes:

1.       Use cost allocation techniques, including absorption costing, activity-based costing, and standard costing to generate relevant cost information for specific decision-making and reporting purposes.

2.       Evaluate divisional performance using commonly-used techniques and financial ratios.

3.       Prepare a budget to forecast financial performance in alignment with company goals and objectives.

4.       Appraise whether a management accounting performance evaluation system achieves goal congruence.

5.       Be able to present and explain, in writing, management accounting techniques and outcomes of analyses to rationalize and communicate decisions.

6.       Understand the ethical implications that arise in management accounting, budgeting, decision-making, and performance evaluation.

 

522 Additional Learning Outcomes

1.       Be able to present, explain, and defend managerial accounting decisions in a meeting setting.

 

Text and Other Required Materials:

·         Management Accounting:  Concepts and Techniques, by Dennis Caplan. This is on Canvas, and also may be downloaded from the internet: http://denniscaplan.fatcow.com/TOC.htm

·         Consumer Services, case study, case C-2192 from Darden Business Publishing:  http://store.darden.virginia.edu/consumer-service-company-a. This costs approximately $7.00.

·         An additional budget case may need to be purchased at a cost of approximately $9.00.

·         While not required, it is recommended that you bring a laptop to class.

 

Students who wish to have a more traditional text for additional explanations and examples may obtain a used copy of Cost Accounting:  A Managerial Emphasis, by Horngren, Datar, and Fostor. Older (12th, 13th) editions are available on the internet for less than $30. Your text from ACTG 321 may also be helpful.

 

Instructor’s Statement:

Once you have successfully completed the 300-level Accounting courses, you should have a good foundation of technical skills for an entry-level accounting position. In managerial accounting especially, companies will develop their own reports, cost allocations, metrics, etc., leveraging from these basic concepts that you already know. My goal in this class is to motivate you to apply your accounting skills combined with critical thinking in situations where there is ambiguity and the information is not laid out neatly for you (like the real world!). Once you have figured out the answer to a problem, your next step is to communicate this information to non-accounting people in terms that they will understand. This class will be challenging.  My goal is that you will be a step ahead of your peers when you enter the working world.

 


 

Canvas and other Communications:

I use Canvas to communicate to students. Important class materials, including points earned, any supplemental materials, and announcements of any changes to the class schedule are made on Canvas. You are responsible for checking Canvas daily and are responsible for Canvas, class announcements, and email content.

 

e-Mail Policy:

Please begin any email pertaining to the class with ACTG 422/522 in the subject line. I will try to respond within 24 hours. Due to privacy concerns, I will only read and respond to emails sent from your OSU ONID email account or via Canvas, and grades will not be discussed via email.

 

INSTRUCTOR ACCESS: 

Office hours are listed above and I am also available by appointment. Please see me with any questions, concerns, help with cases, etc. Email is the best and quickest way to reach me if you need to schedule an appointment. I check email frequently.

 

GRADING:  Your course grade will be based on the following components:

 

Points

% of Grade

422

522

Exam

60

17%

15%

Budget Case

60

17%

15%

Final Exam (Case)

30

9%

8%

Class Contribution/Homework

30

9%

8%

Group Participation

30

9%

8%

Cases

140

40%

35%

Total 422

350

100%

522 Presentation

50

13%

Total 522

400

100%

 

 

Calculation of Overall Grade: I intend to grade on a scale no stricter than the following:

 

A

93%-100%

B+

87%-89%

C+

77%-79%

D

60%-69%

A-

90%-92%

B

83%-86%

C

70%-76%

F

below 60%

 

 

B-

80%-82%

 

 

 

 

 

These cut-off points may be lowered, but they will not be raised.

 

Exams:  

There will be 1 traditional exam, and 1 case study graded as an exam, during the term.

 

Make up examinations will be given only under very extraordinary circumstances, e.g. documented illness, death in the family. You must receive prior approval from me if you will be unable to take an exam. If you are excused from an exam, I will decide whether to administer a make-up exam, or to use your score on the final exam to substitute for the missed exam. There are very few acceptable excuses for missing an exam, and documentation may be required. The class schedule is TENTATIVE; you are responsible to take the exam whenever it is given, even if the tentative date changes.

 

Case Studies: 

Most, but not all, of the case studies will be worked on as a team.  Two cases will be submitted as team cases; the rest will be submitted individually. See “team participation” for grading of team cases. For individual case submissions, students are required to turn in their own work for the written part of each case. In addition to the written submission, you are expected to come prepared to discuss each case, and be able to explain and defend your decision.

 

Cases will be submitted via Turnitin on Canvas. Understand that your paper will be checked against multiple sources for original content. A report will be generated that shows if content in this paper matches content in documents available on the Internet, in many print journals, and a database of other papers submitted by students. Your paper will be added to the student database for comparison of future OSU papers against it. You maintain ownership of the original intellectual property created in your paper. Understand that the results of this report may be used by the University in student conduct proceedings related to academic dishonesty. Turnitin generates a report that highlights any potentially unoriginal text in your paper.

 

Class Contribution: 

Class contribution is observed in EVERY class session, and will be based on case discussions, discussion of class materials, and completion of homework. At times I may cold call using a random method of selection. If you are uncomfortable with class discussions, please come see me for some tips. Points will be awarded based on a ranked order (“curved”), based on my observation of both the quality and the quantity of contribution to class discussions.

 

Team Participation:

For the two cases submitted as a team, team evaluations will be incorporated into your grade. In addition, overall team participation points will be based on your teammates’ evaluation of your contribution throughout the term. For this part of your grade, points awarded will be based on a ranked order (“curved”).

 

522 Presentation:

MBAA students will be assigned a case to present to the class on the day the case is due for the rest of the class. These will be assigned the first day of class.

 

Grades:

Appeals of grades on assignments, examinations, etc. must be made in writing (email) within one week from the date that the assignment/ exam’s score is posted on Canvas, or before the end of the term, whichever occurs sooner.  Please submit a written explanation of why you feel that your grade is in error. Appeals made more than one week after a score is posted may not be honored.

Academic Dishonesty:

According to OSU student conduct regulations, academic dishonesty is defined as an intentional act of deception in which a student seeks to claim credit for the work or effort of another person or uses unauthorized materials or fabricated information in any academic work. All cases of suspected academic dishonesty will be handled in strict accordance with University and College Policies. Students are expected to follow University policies. Please refer to the OSU Student Conduct code (576-015-0020) for a comprehensive definition of academic dishonesty. All cases of suspected academic dishonesty will be handled in strict accordance with OSU policy and College of Business policy.

Examples of academic dishonesty include, but are not limited to: copying from another student or allowing another student to copy your work, revealing exam questions to a student who has not yet taken the exam, using another student’s clicker, failing to turn in an exam or notecard, having a laptop open or cell phone out when an exam is either in process or being reviewed.


 

College of Business Code of Honor:

We will follow the COB code of honor in this class.

A code of honor represents the moral commitments of those abiding to it. While each person lives by his or her personal code, the establishment of collective values creates a universal goal to which we can aspire. It is through the pursuit of these professional attributes that we reduce the possibility of immoral actions ourselves.

In order to uphold our personal character and the organization that we proudly call our own, we take this oath.

Integrity
The quality of being honest and having strong moral principles, integrity stands as the backbone of character and is essential for success.

Respect
Respect for others and yourself is a commitment to the fair treatment of and the fair competition with others. Through respect we embolden the character of others and ourselves.

Responsibility
We are held accountable for our words and actions as professionals to embed a steadfast commitment to honor in our decisions.

 Students with disabilities:

Accommodations are collaborative efforts between students, faculty and Disability Access Services (DAS). Students with accommodations approved through DAS are responsible for contacting the faculty member in charge of the course prior to or during the first week of the term to discuss accommodations. Students who believe they are eligible for accommodations but who have not yet obtained approval through DAS should contact DAS immediately at 541-737-4098.

Accounting Program Policies

1. Computer and smart phone use

Student learning is the primary objective of the Accounting Program.  Recent research suggests that students learn less when they text in class or use computers to take notes.  Further, nearby students learn less when students text or have computers that are open during class time (see http://bokcenter.harvard.edu/blog/use-mobile-devices-college-classroom and http://www.wsj.com/articles/can-handwriting-make-you-smarter-145784659 for relevant articles on student learning in the presence of texting and open computers).

 

Because of the detrimental effects on learning from texting and open computers the Accounting Program prohibits student use of computers, smart phones, tablets or other such devices during accounting program courses except when the devices are required by the instructor as part of the learning process.  

 

2. Calculators during examinations

In order to ensure that all students have equal opportunity for success the Accounting Program limits the use of programmable calculators during examinations. 

 

 

OTHER ITEMS:

I view the classroom as a place for learning workplace behavior for your future careers. Students are expected to be courteous to each other and to the instructor, and in general, behave in a professional manner in class.  Texting, web surfing, headphones, private conversations while someone else is speaking, etc. are not professional. Respectful discussions, even disagreement with a decision, are encouraged.