Fin Accounting MGP 200A
Popular in Course
verified elite notetaker
Popular in Management Working Professionl
This 6 page Class Notes was uploaded by Trystan Rath on Wednesday September 9, 2015. The Class Notes belongs to MGP 200A at University of California - Davis taught by Staff in Fall. Since its upload, it has received 37 views. For similar materials see /class/191959/mgp-200a-university-of-california-davis in Management Working Professionl at University of California - Davis.
Reviews for Fin Accounting
Report this Material
What is Karma?
Karma is the currency of StudySoup.
Date Created: 09/09/15
UNIVERSITY OF CALIFORNIA DAVIS GRADUATE SCHOOL OF MANAGEMENT MGP 200 Managerial Accounting Saturdays Instructor Suneel Udpa udpahaasberkeleyedu Office Hours Saturdays 800 830 am 415 515 pm w by appointment Class Saturdays 912 and 14 Readings Required Text Accounting for Decision Making and Control by Zimmerman Fifth Edition Course Overview and Objective Managerial Accounting is concerned with how a manager should use accounting information within his or her organization Managers need information to perform three essential functions in an organization 1 planning operations 2 controlling activities and 3 making decisions The purpose ofthis class is to show what information is needed with an organization where this information can be obtained and how this information can be used by managers to plan control and make decisions It should be emphasized that there is no perfect cost accounting system that addresses all the needs of managers The course will present the tradeoffs between designing systems for reporting decisionmaking control and performance evaluation Class Structure Class notes for each class session will be distributed prior to the related class session The class notes will provide you an outline ofthe material to be covered in class and will offer you some guidance on the material for which you are responsible Reading the class notes preparing for cases and reading and thinking about the Class Work robems identi ed as CWin the class notes rior to each class is essential Class sessions are designed to highlight key concepts clarify areas of difficulty and provide a general framework to address the subject matter Class notes and the CW problems will be used as a basis for class presentation I will not cover all of the material in the handout and do all of the CWproberns in class I will provide solutions for the CWproberns I do not discuss in class I expect active class participation I frequently call on class members to answer questions from the class notes CW problems and cases As noted later 15 of the course grade is allocated to class participation Please let me know in advance by email if you are going to miss a class session Please use your name cards If possible I would like you to sit in the same seats for the semester Assignments The primary assignments for the course are homework problems from the text and the cases listed in the syllabus The HW problems can be worked in groups but they have to be submitted individually You can prepare for the case and submit writeups for the case as a group One submission per group Group size can be between two and three students Try to diversify in forming groups Students with different perspectives and majors bring value to group discussions Many of the classwork and homework problems as well as cases are based on actual consulting experiences Similar problems have been used by several consulting firms in preinterviews to test and evaluate candidates Grading Class ParticipationAttendanceEtiquette 15 HW assignments amp Cases 30 Final open book amp notes 55 Each HW assignment problem will be graded out of 10 points 5 points for effort and 5 points for analysis Each case will be graded out of 30 points 15 points for effort and 15 points for analysis UNIVERSITY OF CALIFORNIA Graduate School of Management Note MGP 200 Course Outline Summer 2005 0 We will stick to the Course Schedule listed here When we are behind I will ask you to read the material and do the CW problems on your own I will provide the solutions to the CW problems I do not cover in class July 30 Morning July 30 Afternoon August 6 Morning Wu Basic Concepts in Cost Management Learning Objectives Introduce basic cost terminology Understand and determine the behavior of different types of costs Understand the income statement of a Manufacturing firm Understand the role of cost information in a firm Zimmerman Chapters 1 amp 2 pages 5156 HW Assignments 2 18 Case 2 1 due August 6 Variable and Absorption Costing Learning Objectives Identify the key features that distinguishes variable from absorption costing Prepare income statements under both methods Differentiate throughput costing from variable and absorption costing Zimmerman Chapter 10 HW Assignments 1014 1015 due August 6 Cost Allocation Learning Objectives Understand the purpose of allocating costs to cost objects Methods of allocating support department costs Understand the behavioral issues relating to cost allocation Zimmerman Chapter 7 amp 8 HW Assignments P711 P8 28 due August 13 Case Stanford University due August 6 The federal government follows a policy of reimbursing universities for the full costs of conducting federallysponsored research Stanford University ended up being at the August 6 Afternoon August 13 Morning center of a costing dispute over the calculation of indirect costs chargeable to a sponsored project You are required to determine whether Stanford s recoveries from the federal government were excessive Fundamentals of Job Order Costing and Process Costing Learning Objectives Learn how to compute costs of products and services using Job Order Costing Understand assignment of overhead costs Introduce refinements to costing systems Zimmerman Chapter 9 Fundamentals of Job Order Costing and Process Costing continued HW Assignments P911 P9 1 7 due August 13 Case Siemens Electric Motor Works Read and think about the case for August 6 Siemens EMW makes a decision to move from mass production of specialty motors to the production of small lots of custom motors to survive competition In doing so they found their old cost system led them to poor decision making By making a few simple modifications to their costing system the firm was able to compute more accurate product costs Evaluate how effective the new costing system was to support the firm s business strategy ActivityBased Costing Learning Objectives How to determine if your costing system is working foryou Learn the basics of an activitybased costing ABC system Understand the use of ABC for customer profitability analysis Zimmerman Chapter 11 HW Assignments P117 P1112 due August 20 August 13 Afternoon August 20 Morning Ear t EggElm MamIMF CostVolumeProfit Analysis Learning Objectives Learn to apply the CVP Analysis and calculate breakeven points Understand the limitations of CVP analysis Understand the concept of operating leverage Zimmerman Chapter 2 HW Assignments P233 P246 due August 20 DecisionMaking Learning Objectives Understand the concept of relevant costs sunk costs and opportunity costs Examine cost analysis in a broader strategic context Zimmerman Chapters 2 amp 3 HW Assignments P217 P3 39 due August 20 Part III39 I and 39 39 Control Budgeting Learning Objectives Examine the role of budgets in organizations Understand the preparation of budgets Understand the behavioral aspects of budgets Zimmerman Chapters 6 HW Assignments P622 P6 30 due August 27 August 20 Afternoon August 27 Morning Performance Evaluation 1 Learning Objectives Examine the role of performance measures Understand the concept of Standard costs Examine the evaluation measures for cost and revenue centers Zimmerman Chapter 12 amp 13 Homework Assignment P1219 P1228 due August 27 Performance Evaluation 2 Learning Objectives Examine the evaluation of profit and investment centers Understand the advantages and disadvantages of ROI Understand how RI and EVA address the problems of ROI Zimmerman Chapter 5 Performance Evaluation 2 contd Homework Assignments P520 P528 Not due Case Using EVA and MVA at Outsource Inc due August 27 The President and CEO of OSI a computer service company has read about EVA and MVA and wants to try them at OSI You are required to calculate EVA and MVA for OSI ad compare them with traditional measures of a firm s financial performance Further you are to implement an incentive system using EVA Interactive Case Rotch Paper Company Instructions provided in class Incentive Contracts Learning Objectives Examine how incentive contracts address agency problems Understand the role of accounting numbers in incentive contracts Zimmerman Chapter 4 HW Assignments P421 P4 24 Not due