BUSA 203 Managerial Accounting Fall 2009

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BUSA 203Managerial AccountingFall 2009
Syllabus highlights and other stuff you need to
know
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Who am I?

• Professor Gerry Myers
• 28th year here at PLU
• Yes, I do have a life outside this place
• Amateur meteorologist
• Current conditions at my house?
• Avid reader of U.S. and European history
• 1 daughter is PLU alum class of 08 2nd is
  senior here

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Background

• BS in Restaurant Hotel Management UMass 65
• MS in Accounting U of Missouri-Columbia 75
• PhD in Accounting Iowa, 84
• Work experience in
• Restaurant management
• Industrial quality control at Kollmorgen
  Corporationsole manufacturer of submarine
  periscopes for the US Navy
• Cost accounting
• Industrial traffic management
• Educational administration

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and where can you find me?

• Morken 326 southwest corner on 3rd floor or in
  the Kelley Café
• X7304
• Email myersgm_at_plu.edu
• Web URL www.plu.edu/myersgm

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Office Hours

• Monday via email at myersgm_at_plu.edu
• Tuesday 330 430 and in the slack time
  between our 3-hour classes and the official end
  of the class period
• Wednesday 900 1030 11 1145 115 415
• Thursday same as Tuesday
• Friday somewhat irregular, but I am always here
  on the second Friday of the month

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Special needs

• If you need course adaptations or accommodations
  because of a disability, if you have emergency
  medical information to share with me or if you
  need other special arrangements, please make an
  appointment with me as soon as possible.  If you
  have questions concerning the services available
  for special needs at PLU, please call the
  Services for Students with Disabilities office at
  x7206.

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My Educational philosophy

• Lots of doing what can you do with what you
  know?
• Nothing to memorize you REMEMBER it after you DO
  it enough

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Classroom expectations I

• Participation

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Classroom expectations II

• Professionalism

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Classroom expectations III

• Attendance
• Please speak up and speak distinctly. I do have
  hearing loss for which hearing aids do not
  entirely compensate.

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Classroom expectations IV

• Academic honesty

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Classroom expectations V

• No, I do NOT collect daily homeworkbut that does
  NOT mean that preparation is irrelevant or
  unnecessary

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Classroom expectations VI

• What to call me or not to call me, as the case
  may be
• OK includes in no particular order
• Prof. Myers, Professor Myers, Dr. Myers, Doc,
  but I am NOT your MD!, Gerry, Mr. Myers
• Things I prefer NOT to be called
• Myers as in hey, Myers!
• Gerald particularly as in GERald! too much
  like what my mom might have said if I tracked mud
  into the house

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FAQs

• Q I missed class today. Did you do anything
  important?
• A Yes.
• Q What happens if I miss class?
• A If you miss a class, it is your responsibility
  to get notes, announcements, and other
  information from a classmate. I cannot rerun the
  class for you.
• Q Can I do work for extra credit?
• A No.
• Q Can I turn in my assignment late?
• A No.

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Where to find stuff about the course

• General information about all my courses is
  accessible at www.plu.edu/myersgm/syllabi.htm
• Material specific to BUSA 203 is at
  http//www.plu.edu/myersgm/busa_203_details.htm

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Prerequisites

• BUSA 202 or equivalent if you are a transfer
  student
• Experience with Excel

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Texts and materials required

• Introduction to Management Accounting by
  Horngren, Sundem, Stratton, Burgstahler and
  Schatzberg, 14th edition. Pearson Prentice Hall,
  2008. required ISBN-978-0-13-612921-9.

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Texts and materials, continued

• From Ivey Business School Publishing available
  in the bookstore SOON if not yet
• Sombrero Proposed Fruit Juice Outlet 9B09B001
• Catfish Creek Canoe Company 9A99A026
• Foxy Originals--Expansion into the US Market
  9B07B004
• Endoscopes at Victoria Hospital 9A96K003
• Accuride Canada Incorporated 9B04D002
• College Couriers 9B06B010.
• Be sure to get the cases promptly.
• Handouts, etc. on my Website

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Other stuff you need

• Flash memory
• I strongly recommend putting a self-adhesive
  label on your memory stick with your name and
  address or phone .

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Course objectives I

• Students will be able to
• use the concepts of management accounting
• explain the economic and operational significance
  of the results

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Course objectives II

• Students will be able to use financial modeling
  techniques in Excel

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Course objectives III

• Another course objective for ME is to have fun.
  In all seriousness, I enjoy this stuff and I like
  teaching it. I will do my best to help you have
  fun too.

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Rough outline of what well cover this semester

• Cost classifications cost behavior patterns
• Breakeven analysis
• Cost separation find fixed and variable costs
  using algebra and OLS regression
• Impact of assorted marketing and production
  decisions
• Comprehensive budgeting and financial modeling

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Critical dates
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Grading and evaluation I

• Everything you do for an assignment counts toward
  your grade for that assignment

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Grading and evaluation II

• Details at Grading and evaluation
• There no grading on a curve

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Grading and evaluation III

• Bottom line I expect professional work. Soon
  enough you will be working for a living if you
  are not now and your professional work switch
  will be on all the time you are on the job. You
  wouldnt give crappy work to the boss or
  Grandma or whoever. Please dont give it to me.

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Portfolio

• Required for graduation
• Start NOW if you have not started already
• Easy if you do it as you go along
• A royal pain if you postpone it until the last
  minute
• I did not save any of my work is NOT an excuse.
  
• Any and all of the work done in this class is
  potential portfolio material

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Segue to Excel Puzzle
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The answer to the first puzzle is
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and the answer to the second puzzle is
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Your work should look like this
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not like this.
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Impact on evaluation of your work

• The numerical results in the two worksheets are
  identical.
• The second worksheet would get zero credit yes,
  ZIPPO because the underlying financial model is
  not reliable.
• You cannot see the assumptions underlying a
  calculation.
• You cannot easily test alternative values.

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Use a separate data entry section in smaller
problems use a separate data worksheet for
larger ones
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So
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and