Instruction Mode: In-Class
Professor: N/A
Resource(s): | Type | Description | Required | Textbook | Cost Management: A Strategic Emphasis, Blocher, E.J., Stout, D.E., Juras, P.E., and Smith, S.D., McGraw Hill, 8th Edition, 2019 |
Applicable student group(s): Business Administration- Accounting
Course Details: Module 1: Management Accounting, Strategy, Decision Making and Ethics
- Explain the use of cost management information and the contemporary business environment and techniques.
- Understand the different types of competitive strategies, the competitive strategy implementation using various tools, the professional environment of the management accountant, and the principles and rules of professional ethics.
- Recognize the strategic role of basic cost management concepts, cost-driver concepts at the activity, volume, structural, and executional levels and the cost concepts used in product and service costing
- Understand how costs flow through the accounting system.
- Understand and apply cost estimation methods.
Learning Outcomes: 1
Reference: Chapters 1, 2, 3 and 8
Assessment: Quiz #1, Quiz #2, Assignment #1
Module 2: Activity-Based Costing and the Decision Making Process
- Apply an ABC system to assess the profitability of a customer and the strategic implications of keeping the customer.
- Use relevant cost analysis and strategic analysis for decision making.
- Apply Quantitative modeling such as linear programming to perform simple analysis.
Learning Outcomes: 2
Reference: Chapters 5 and 11
Assessment: Quiz #3
Module 3: Strategy, the Master Budget, and Capital Investment
- Discuss the importance of strategy and its role in the budgeting process.
- Describe alternative approaches to budgeting
- Understand the strategic role of capital-investment analysis
- Discuss and apply capital budgeting decision models
Learning Outcomes: 4
References: Chapters 10 and 12
Assessment: Assignment #2
Midterm Exam Modules 1-3 (25%)
Module 4: Operational Performance Measures
- Explain the essence of control systems in general and operational control systems in particular
- Define and interpret the total operating income variance and develop a general framework for subdividing the total operating income variance into component variances
- Develop standard costs for product costing, performance evaluation, and control
Learning Outcomes: 3, 4
Reference: Chapters 14, 15 and 16
Assessment: Quiz #4
Module 5: Product Life Cycle and Control for Quality
- Explain how to use target costing to facilitate strategic management and apply the theory of constraints (TOC) to strategic cost management.
- Describe how life-cycle costing facilitates strategic management and outline the objectives and techniques of strategic pricing.
- Develop a comprehensive framework for the management & control of quality
- Understand alternative approaches for setting performance expectations
- Prepare and interpret relevant financial and non-financial information to support quality-related initiatives
Learning Outcomes: 2, 3
Reference: Chapters 13 and 17
Assessment: Assignment #3
Module 6: Management Control Systems and Transfer Pricing: Linking Performance with Systems
- Discuss and assess management control systems from a strategic and performance perspective.
- Discuss international transfer pricing considerations.
- Analyze and assess the performance and other implications of international transfer pricing.
Learning Outcomes: 5
Reference: Chapter 19
Assessment: Quiz #5
Group Presentations (10%)
FINAL EXAM (Cumulative) 40%