Preliminary Schedule—ACCT 7310—Spring 2012

The initial schedule is only a skeletal outline that will evolve substantially.

Date 2012

Assignments to Prepare before Class (except first day)

1/18

 Introduction and Orientation. Pretest and review of Chapters 1&2,

1/25

Chapters 3 and 4: Study these chapters as we continue with review. Work the following problems, which we will discuss: 3-25, 27, 32, 40, and 43 4-26, 28, 39, and 40. All but the last two are available in MyAccountingLab.

2/1

Ch. 5, Activity-Based Costing, Management. Assignment of case #1. 

***Note: Study the chapter carefully. I plan to assign a case on ABC, and have not assigned any problems from the chapter at this time.***

Ch. 6, Budgeting, with emphasis on behavioral implications. Problems 33, 34, 39, and 40. All but the last are on MyAccountingLab.

Assigned Case #1 (20 points) Due 2/29/12

2/8

Ch 7 & 8, Standard Costing and variance Analysis. Problems 7-19, 24, 26, 31, and 34; 8-31, 35, 38, and 40. (The problems are on MyAccountingLab.)

Also, QUIZ #1 will be given at the beginning of class, lasting one hour. It will cover Ch. 1-6. All general-knowledge questions, of the kind asked on the preliminary exam, are appropriate, plus problems of the kind that were assigned (excluding complicated budgets from Ch. 6). I will post a practice quiz by Monday on MyAccountingLab and alert you when it is ready.Practice Quiz over Ch 2-6  Solutions. The graded quizzes and solutions were returned in pdf files e-mailed to you on 2/10. Solutions Quiz 1 2-8-2012.pdf (also e-mailed 2/10).

Rules for the quiz: Bring a #2 pencil. You may use only the basic calculator that I provide (the ones we used on the pre-test exam, day 1).

2/15

Continue Ch. 7 & 8; Here are the solutions: CH 7 CH 8. I will count on you to ask questions after having worked on these and checked your work against the solutions. Problem 31 is a challenging puzzle, but I am not sure I agree with the solution. Are these really "efficiency variances"? Why or why not?

Ch. 14: Sales Variances-- Pr. 14-23, 25, and 26. Only #23 is on MyAccountingLab.

2/22

Ch. 10, Determining How Costs Behave. Emphasis on proper use  of regression analysis and on use of learning-curves to forecast costs. (See agenda of 2/15 for lecture materials on Ch. 10.)

Problems: 10-18, 20*, 25, 27*, 29 (also answer using regression instead of hi/lo), 30, 32* (compute the regression yourself), 36, 40, and 41. Regression is easy to do in Excel. See, for example, http://www.wikihow.com/Run-Regression-Analysis-in-Microsoft-Excel . You will be responsible for interpreting the output from Excel regressions. (*Indicates problem not on MyAccountingLab.)

2/29

Ch. 11 Decision-Making and Relevant Information; Ch. 12, Pricing Decisions.  Case #1 (20 points) Due by class time.

(3/7)

Spring Break week

3/14

QUIZ 2 over Chapters  7 (and part of 14), 8, and 10. Practice quiz is linked at the right==>

Problems, Ch.11, #17, 19, 32, 35* & 40 (for this one, set up the LP problem in Excel and use Solver to solve it) & Ch.12, # 17, 24*, 33, 34, 35, & 36*. *Not on MyAccountingLab; others are.

Pretest Solutions

Agenda 3-14

3/21

Ch. 13, Strategy, Balanced Scorecard, and Strategic Profitability Analysis;  Ch. 15, Bundled Products and Revenue Allocation Methods (Learning Objective 6 only). Assignment of case #2 (posted 3/26 4:06 p.m. with e-mailed announcement).

3/28

Problems from Ch. 13: #18* through 21; 26 through 29; 37 & 38.

            *Note: in some versions of the book there is a typo in line 8 of the table given in problem 18. It should read “(Row 7 / Row 6)” and not “(Row 8 /Row 7."

Problems from Ch. 15: #28 & 33.

Read pp. 14-18 in Ch. 1, on professional ethics. Then, using the IMA's Statement of Ethical Professional Practice as the main basis, prepare answers to Pr. 1-29, 11-41, 12-36 (this last one was already assigned but not discussed).

4/4

Ch. 19, Balanced Scorecard: Quality and Time [omit Theory of Constraints, which I have covered intensively in Controllership class]. Answer questions/exercises/problems 1 thru 11, 16* thru 19, 22 thru 24, 27, 29, and 30. If you would like these on MyAccountingLab, please e-mail me. This chapter will be included on Quiz 3.

*Here is a template for 19-16 to save you some time entering data.xlsx

4/11

QUIZ 3, everything since Quiz 2 (Note: Pretest was e-mailed to the class on 4/6/12);

Lecture on Ch. 20: Inventory Management, Just-in-Time, and Simplified Costing Methods CHAPTER 20

Discuss Problems from Ch. 20; 16, 18, 20, 22, 27, 28, 32, 36 Problems Ch 20.xlsx       Ch 20 solution notes Scanned.pdf

4/25

Review: Prepare Problems 3-38 & 39, 4-30, 5-35, 6-32, 7-32, 14- 32 & 33, 8-32, 10-38 & 39, 11-39, 12-27, 13-34, 15-35, 19-28, 20-29.

Review Problem Solutions.pdf. The purpose of these review problems is to stimulate thought and discussion about some of the key topics. As explained, the cumulative final exam will consist of modified or closely related questions similar to those questions on the three quizzes. For example, a CVP question that previously asked for a breakeven point might ask for the units needed to earn a certain income amount. Or, a regression problem that asked you for the equation might instead ask you for a forecast or an interpretation of the R², etc. Thus, be sure you understand the related concepts in each problem. Similarly, for multiple-choice items, understand why the wrong items are wrong as well as why the right answer is right. Also, look at the review problem solutions (posted immediately above) for at least one comment where I said questions on "new" content (particularly the discussion of regression analysis) would be appropriate.

[Also see e-mail sent 4/26 about 9:30 a.m.]

5/2

Final Exam (comprehensive) 7:10-9:10, usual location. [Also see e-mail sent 4/26 about 9:30 a.m.]