Week 1 Notes!

Fall 2016

John Rose

ACCT 23021

Hello! Attached are notes for the first week of Managerial Accounting (ACCT-23021-001). These notes correspond to the lectures held on 9/1 & 9/3.

Week 7 Notes!

Fall 2016

John Rose

ACCT 23021

Hello! Attached are notes for the seventh week of Managerial Accounting (ACCT-23021-001). These notes correspond to the lectures held on 10/13 & 10/15.

Chapter 2 - Building Blocks of Managerial Accounting

Fall 2016

John Rose

ACCT 23021

Distinguishes the three types of companies that exist. Discusses the value chain and its purpose. Describes direct and indirect costs. Differentiates inventoriable product costs and period costs. Differentiates prime and conversion costs. Describes the difference between direct and indirect labor costs. Demonstrates how to compose financial statements for each type of business.

Chapter 3 - Job Costing

Fall 2016

John Rose

ACCT 23021

Differentiates between job costing and process costing. Describes the flow of production. Demonstrates and describes how to allocate manufacturing overhead (MOH) to jobs. Describes cost of a job. Explains a misallocation of manufacturing overhead and how to solve that problem. Describes how to report job costing at a service firm. Provides a brief summary of the chapter.

Chapter 4 - Activity Costing, Lean Operations, and Cost of Quality

Fall 2016

John Rose

ACCT 23021

Describes departmental overhead rates and its benefits. Explain activity-based costing. Analyzes the benefits and limitations of activity-based costing. Describes lean operations. Explains cost of quality management.

Chapter 6 - Cost Behavior

Fall 2016

John Rose

ACCT 23021

Chapter 6 notes covering: - Cost Behaviors - Cost Equations - Analyzing Cost Behavior - High-Low Method - Regression Analysis - Contribution Margin Income Statement

Chapter 7 - Cost-Volume-Profit Analysis

Fall 2016

John Rose

ACCT 23021

Class notes regarding: - Cost-volume-profit (CVP) analysis - Break-even points - Target profit volumes - Sensitivity analysis - Multi-product break-even points and target profits - Margin of safety - Operating leverage - Contribution margin - Contribution margin ratio - Weighted average contribution margin

Chapter 8 - Short-Term Decisions

Fall 2016

John Rose

ACCT 23021

Class notes covering: - Short-Term Decision Types and Characteristics - Special Order Considerations - Pricing Approaches - Discontinuing Products, Departments, etc. - Outsourcing Decisions - Selling Products Based on Processing Decisions

Managerial Accounting - Chapter 9 - The Master Budget

Fall 2016

John Rose

ACCT 23021

Comprehensive notes covering: - Budgeting - Operating Budgets - Financial Budgets - Budgets for merchandisers and service companies

Managerial Accounting Class Notes - Chapter 10 - Performance Evaluation

Fall 2016

John Rose

ACCT 23021

Class notes covering the following material: - Responsibility Centers - Performance Reports - Return on Investment - Sales Margin - Capital Turnover - Transfer Price - Flexible Budget Performance Reports - Balanced Scorecards - Key Performance Indicators (KPIs)

Chapter 12 - Capital Investment Decisions and the Time Value of Money

Fall 2016

John Rose

ACCT 23021

Comprehensive class notes covering: - Capital Investments and Capital Budgeting - Payback and Accounting Rate of Return Methods - Time Value of Money - Discounted Cash Flow Models

Chapter 2: Buliding blocks of managerial accounting

Fall 2016

John Rose

ACCT 23021

These notes cover all of chapter two. Information in these notes will be on the first exam.

Chapter 2: Buliding blocks of managerial accounting

Fall 2016

John Rose

ACCT 23021

These notes cover all of chapter two. Information in these notes will be on the first exam.

Chapter 6 Notes

Spring 2021

ACCT 23021

These notes cover Chapter 6, which will be on Exam 2.

Week 1 Notes!

Fall 2016

John Rose

ACCT 23021

Hello! Attached are notes for the first week of Managerial Accounting (ACCT-23021-001). These notes correspond to the lectures held on 9/1 & 9/3.

Week 7 Notes!

Fall 2016

John Rose

ACCT 23021

Hello! Attached are notes for the seventh week of Managerial Accounting (ACCT-23021-001). These notes correspond to the lectures held on 10/13 & 10/15.

Chapter 2 - Building Blocks of Managerial Accounting

Fall 2016

John Rose

ACCT 23021

Distinguishes the three types of companies that exist. Discusses the value chain and its purpose. Describes direct and indirect costs. Differentiates inventoriable product costs and period costs. Differentiates prime and conversion costs. Describes the difference between direct and indirect labor costs. Demonstrates how to compose financial statements for each type of business.

Chapter 3 - Job Costing

Fall 2016

John Rose

ACCT 23021

Differentiates between job costing and process costing. Describes the flow of production. Demonstrates and describes how to allocate manufacturing overhead (MOH) to jobs. Describes cost of a job. Explains a misallocation of manufacturing overhead and how to solve that problem. Describes how to report job costing at a service firm. Provides a brief summary of the chapter.

Chapter 4 - Activity Costing, Lean Operations, and Cost of Quality

Fall 2016

John Rose

ACCT 23021

Describes departmental overhead rates and its benefits. Explain activity-based costing. Analyzes the benefits and limitations of activity-based costing. Describes lean operations. Explains cost of quality management.

Chapter 6 - Cost Behavior

Fall 2016

John Rose

ACCT 23021

Chapter 6 notes covering: - Cost Behaviors - Cost Equations - Analyzing Cost Behavior - High-Low Method - Regression Analysis - Contribution Margin Income Statement

Chapter 7 - Cost-Volume-Profit Analysis

Fall 2016

John Rose

ACCT 23021

Class notes regarding: - Cost-volume-profit (CVP) analysis - Break-even points - Target profit volumes - Sensitivity analysis - Multi-product break-even points and target profits - Margin of safety - Operating leverage - Contribution margin - Contribution margin ratio - Weighted average contribution margin

Chapter 8 - Short-Term Decisions

Fall 2016

John Rose

ACCT 23021

Class notes covering: - Short-Term Decision Types and Characteristics - Special Order Considerations - Pricing Approaches - Discontinuing Products, Departments, etc. - Outsourcing Decisions - Selling Products Based on Processing Decisions

Managerial Accounting - Chapter 9 - The Master Budget

Fall 2016

John Rose

ACCT 23021

Comprehensive notes covering: - Budgeting - Operating Budgets - Financial Budgets - Budgets for merchandisers and service companies

Managerial Accounting Class Notes - Chapter 10 - Performance Evaluation

Fall 2016

John Rose

ACCT 23021

Class notes covering the following material: - Responsibility Centers - Performance Reports - Return on Investment - Sales Margin - Capital Turnover - Transfer Price - Flexible Budget Performance Reports - Balanced Scorecards - Key Performance Indicators (KPIs)

Chapter 12 - Capital Investment Decisions and the Time Value of Money

Fall 2016

John Rose

ACCT 23021

Comprehensive class notes covering: - Capital Investments and Capital Budgeting - Payback and Accounting Rate of Return Methods - Time Value of Money - Discounted Cash Flow Models