study guide
INTERNAL REPORTING—ACCT 350
Spring Term 2014 (BA 341 10:30-11:45 TT)
Professor: Dan Swenson Office hrs: 5:00-6:00 pm TT and
Office: BA 252E by appointment
E-Mail: Dan.Swenson@asu.edu Phone: 480-967-7479*
*Note: If you call and I am unable to answer the phone, please send me an e-mail message.
COURSE DESCRIPTION
This course builds upon, while still emphasizing cost and management accounting topics for manufacturing, merchandising, and service industries. Unlike financial accountants, management accountants are not constrained by externally imposed rules and regulations, e.g., generally accepted accounting principles. Therefore, there are no rulebooks or standards to memorize. Instead, the management accountant must focus on deciding what information is useful and relevant for decision making within the firm and how to provide such information in a timely, cost effective, and understandable manner. The course is designed to help you learn how to analyze complex information sets, apply concepts to new facts and situations, and explain accounting terms and concepts in non-technical jargon.
ABOUT THE COURSE
While listed as an accounting course, this course is more concerned with the economic and managerial use of accounting information than it is with the generation of accounting numbers. The need to make financial plans and to make sound financial decisions arises frequently in both our personal and our professional lives. This course introduces concepts of financial analysis, which address this need. When you have successfully completed this course you will have a sound basic understanding of how accounting information is used in the economic conduct of any enterprise.
REQUIRED TEXT AND OTHER RESOURCES
Cornerstones of Cost Accounting, Hansen and Mowen (2013), South-Western Cengage Learning.
Article/Case: Time-Driven ABC, by Robert Kaplan. HBP Case # 9-106-068
Cases:
Kemps LLC: Introducing Time-Driven ABC, by Robert
Spring Term 2014 (BA 341 10:30-11:45 TT)
Professor: Dan Swenson Office hrs: 5:00-6:00 pm TT and
Office: BA 252E by appointment
E-Mail: Dan.Swenson@asu.edu Phone: 480-967-7479*
*Note: If you call and I am unable to answer the phone, please send me an e-mail message.
COURSE DESCRIPTION
This course builds upon, while still emphasizing cost and management accounting topics for manufacturing, merchandising, and service industries. Unlike financial accountants, management accountants are not constrained by externally imposed rules and regulations, e.g., generally accepted accounting principles. Therefore, there are no rulebooks or standards to memorize. Instead, the management accountant must focus on deciding what information is useful and relevant for decision making within the firm and how to provide such information in a timely, cost effective, and understandable manner. The course is designed to help you learn how to analyze complex information sets, apply concepts to new facts and situations, and explain accounting terms and concepts in non-technical jargon.
ABOUT THE COURSE
While listed as an accounting course, this course is more concerned with the economic and managerial use of accounting information than it is with the generation of accounting numbers. The need to make financial plans and to make sound financial decisions arises frequently in both our personal and our professional lives. This course introduces concepts of financial analysis, which address this need. When you have successfully completed this course you will have a sound basic understanding of how accounting information is used in the economic conduct of any enterprise.
REQUIRED TEXT AND OTHER RESOURCES
Cornerstones of Cost Accounting, Hansen and Mowen (2013), South-Western Cengage Learning.
Article/Case: Time-Driven ABC, by Robert Kaplan. HBP Case # 9-106-068
Cases:
Kemps LLC: Introducing Time-Driven ABC, by Robert