BUS 322.D1 – FALL 2012 INTERMEDIATE MANAGERIAL ACCOUNTING Tuesday, 11:30-14:20 (BLU 10021) Instructor Office Phone Email : : : : Tota Panggabean, BSc., MSF., MSEc. WMC 3353 (778)782.3563 tpanggab@sfu.ca Office hours : M 10.00-12.00 W 10.00-14.30 Or by appointment Toan Le WMC 3381 M: 14.00-15.30
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Prerequisites Textbooks (Required)
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BUS 254; 60 credit hours. Cost Management and Control (2008): Custom Publication for Simon Fraser University, McGraw-Hill Ryerson Ltd. ISBN: 978-0-07-007553-5. Bus 322 Casebook (2010), Pearson Learning Solutions, ISBN: 978-0-558-72686-7. Students are expected to read the assigned chapters, class notes, and other assigned materials before coming to class and are expected to discuss the
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6. Students are responsible for all the material discussed in class, the assigned chapters, the assigned cases, and other assigned materials. It is mandatory to read the assigned chapters in the textbook. Do not just read the lecture notes.
7. No make-up midterm exam. If you do not write the midterm exam at the scheduled time (October
16, 2012), the 15% portion of the midterm exam will be added to the final exam.
8. The final exam is comprehensive and is a closed book exam. No make-up final exam before the official date of final exam: December 11, 2012.
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BUS 322 (D1) – Tentative Syllabus
Session 1 Date September-4 Topic Introduction, overview, group assignment, product costing systems (concepts and design) Process costing systems Managing and allocating support service costs Inventory decisions Strategic issues in investment decision Managing quality and time to create value Midterm Exam Cost management and strategy The nature of management control systems Understanding strategy Strategy, balanced score card, incentive systems Organizational design & responsibility accounting Case presentation Case presentation Case presentation Case written report is due at the beginning of session 13 Final exam Chapter 1 (H) Chapter 1 (A) Chapter 2 (A) Chapter 20 (H) Chapter 18 (H) Reading Chapter 2 (H)
2 3 4 5 6 7 8
September- 11 September-18 September-25 October-2 October-9 October-16 October-23
Chapter 8 (H) Chapter 10 (H) Supplement A (G) Chapter 14
While we are performing our analysis on different aspects of the company, we look at the three main types of cost. When we remain devoted to improving our costs, and the faults related, we show our same devotion to our consumers. This is portrayed by the quality of products we put on the shelves. Prevention costs, appraisal costs and Failure costs are areas
1. This is a closed book exam. You may only have pens, pencils and a calculator at
1. This is a closed book exam. You may only have pens, pencils , a calculator and one cheat sheet double sided on 8 ½ by 11 paper at your desk.
5. The automatic 2 day extension for assignment submissions ends by Friday of week 8. DONE
1. There is no make-up or early exams. Check your schedule to make sure you will be able to attend the midterm and final exam.
Actual costing is rarely used because managers can’t wait until the end of the year to obtain product costs. Information about product costs is needed as the year goes for planning, control, and decision making.
While reading, or after reading, the teacher will note the answers found next to the questions on the chart paper..
with a number of strategic issues facing a capital-intensive, mature industry. Their product costing system was
6. If you have trouble taking notes bring a tape recorder to class then you can play the recording back and take notes later when you are at home and it is quiet. Then you will be able to stop the recorder and take our notes without feeling rushed.
To compare the results of the two costing systems, we found that orders require manual entering, or need desktop deliveries are less profitable than customers who demand less in terms of customized services. The existing cost system does not provide management accurate costs. Above tables in question two reveal that Midwest¡¦s existing cost system distorted cost by assigning too much cost to the order 1, 3 & 5 and not enough cost to the order 2 & 4. In other words, order 2 & 4 exhibit lower costs under the existing system than under the ABC system. This could explain the loss Midwest Office Products faced for the year 2003. On the other hand, order 1, 3 & 5 have lower costs under the ABC system than the existing system. This means Midwest Office Products¡¦ competitors could sell their comparable products at a lower price because they realize it costs less than Midwest¡¦s existing system has indicated.
5. What percentage of students passed in the various subjects at the licensure exams in the college?
INTRODUCTION Target costing originated in Japan in the 1960s, though it remained a secret for years. Since the 1980s, however, when target costing was widely recognized as a major factor for the superior competitive position of Japanese companies, extensive efforts have been made to convey target costing to Western companies. Many large companies in North America and Europe have tried to adopt target costing to enhance their cost management and, thus, increase their competitiveness. Consequently, many variations of target costing have been developed and are being used in different countries. Since target costing, like many other management