ACCT6684             ADVANCED MANAGERIAL APPLICATIONS (5 Weeks)                              Fall, 2006
Email: beadil@earthlink.net and tombeam@dr.com                                                                               Dr. T Beam
Fax: 215-836-7158                                                                                           Home Page: alpha.fdu.edu/~tbeam

Objective    A capstone course in managerial accounting. Current topics will be covered, especially as they relate to
performance within an organization. The focus will be on communication, critical thinking skills, and decision making.

To see the homework assignments:    Adv Mgr Homework

To see the TakeHome Exam:  Advanced Managerial Applications TAKE HOME EXAM

Text    There is NO Required text but you will need access to Any recent cost accounting text or managerial
accounting text. For example: Horngren, Foster, & Datar, Cost Accounting: A Managerial Emphasis, Prentice
Hall, Englewood Cliffs, NJ, 9th Ed, 1997. I also recommend: Knapp, Michael C., Contemporary Auditing,
Issues and Cases, 4th Ed, West, NY, 1996.

Grades:        Exam                      50%      Movie          10%
          Homework & Participation 35%      Quizzes           5%*

Prerequisite: Fifth year standing in the 150 hour accounting program or the permission
         of the instructor.

Wk  Topics                       Questions / Problems                        Articles & In-Class                             
 1  Cost Behavior                Email Me                                            HO-Walker, Case 10, ABC-1

 2  ABC                              ABC -2, Case 3, 8s (Sch 1-12)          [ Toxic Case ]
     Budgeting & Standards   BS-Q 1-6, P 1                                   Art - Memo
     Quality                           Q-Q 1-5, Variance Problems              Case 15A, 25, G&H
     Contribution                           

 3  ABC                              ABC - 3, Case 7, 8(13-17), 8A        [Case 27 - Charles Co ]
     Sales Variances              SV-Q 1-4, Variance Chart                Art - Bores You
     Capital Expenditures       CE-Q 1-7, P 1,2,4                           (Bring in an Auto Repair Bill)
     Allocations                     A-Q 1-7, P 1   
           
 4  ABC                              ABC - 4, Case 7A, 8Bs                    [Case 19 ], Case 14
     Capital Expenditures       CE-P 3,5, 6(read)                            Art - Overhead, Reality
                                           Click & Clack Case                         Movie Due

 5  Sales Variances               SV-Q 1-4, P 1-4                            [Handout Case]
     Allocations                      A-P 2-4
     Quality                            P 1-2           
     Revenue Allocations        RA-Q 1-3, P 1-3           
     Productivity                     P-Q 1-2, P 1           
                                            Exam (Partial Take Home)

WEB COURSE JOURNAL ENTRIES are to be made at least once each week starting with the first class
session and ending when there are no more  assignments. You enter the web course through the fdu page
(webcampus.fdu.edu). I will post questions concerning topics of interest for the course. Every student is
expected to respond to one question under each heading or to one of the responses of one of the other students.
I may respond as well. If I respond to one of your postings, your are expected to answer my response if it poses
a question or challenge. Your responses need to be of substance. Do not just agree or disagree

The assigned QUESTIONS are to be answered in writing. You should always keep a copy of anything that you
turn into me.

QUIZZES may be given unannounced throughout the course and will cover material assigned for the given class.
There is no makeup of quiz grades. Each quiz will count as 5% of the homework & participation grade.

EXAMS My exams test your understand of the material covered during the class. If there is a difference between
the text book and the class discussion, then the answer sought is the one from the class discussion.

MISSED EXAMS If you must miss the exam, we can arrange a makeup (probably later this or early next semester).

SPREADSHEET ASSIGNMENT Most exercises & problems should be done using a spreadsheet. You
should have either a listing of the rules you used to solve the problem or you should have them available on your
laptop computer. You should use a spreadsheet whenever a problem requires moderate to more extensive calculations.

NOTES for the follow problems use the following additional data:
    Variance Chart - ReDo the handout for an actual sales and production volume of 10,200 units (5,000 of A and
5,200 of B), actual costs of fixed overhead (fixed manufacturing costs)  $37,750 and Fixed Selling, General and
Administrative expenses of $23,500.

ARTICLES will be handed out or you will select them from the literature. Prepare a ½ page summary of the author's
5 key points. For selected articles, turn in a copy of the article with your summary. The library assignment requires
you to select 2 articles relevant to the course.

CASES  marked in square brackets (“[ ... ]”) are to be done first thing each morning, even if I arrive late. The Click
& Clack Case should be reviewed and you should verify their calculations. State if you think their comparisons are
appropriate: why or why not?

MOVIE REVIEW Watch the movie Other People's Money. Please do parts [1], [2], and [3]. Part [4] is optional.
    [1] There is an issue presented at the stockholders’ meeting. State it precisely. (Do not presume that the
          issue is “How to vote?” The issue is more significant than that.)
    [2] Determine “What is Right” for the business in response to the issue raised in part [1].
    [3] Identify Who in the movie best typifies the position determined in part [2].
    [4] Choose any one of the physical aspects of the movie and explain its symbolism. Choose from the
          doughnuts, the elevator, the fiber optics cables, etc.
    This should be no longer than 2 type written and double spaced pages  with normal one inch margins and
a point size of 12. It should be spell checked, grammar checked, and proof read. This may be done in groups.

BOOK REVIEW This can add up to 4 points to your overall average. It is optional. Read the book Risk
by Dick Francis. In NO MORE than 3 typewritten, double spaced, normal margin PAGES evaluate
       (1) the issue of accounting ethics faced by the protagonist at the end of the novel,
       (2) the use of cost data in the solution of the crime,
       (3) how the stolen money was removed from the country,
and (4) explain how you would prevent such thefts in an organization if you were its controller. This may be
done in groups.

GROUP WORK Most of this material, including homework questions and problems,  may be done in groups.
However, that does not mean that you should divide up the effort to the exclusion of some members and the
exhaustion of others. I expect that each individual will read the chapter, do the problems, and watch the movie.
The group efforts consists in discussing, writing up, reviewing, and turning in the solution. I reserve the right to
quiz group members to insure that each has done the work, etc.

Email Me - Send me an email from an address where I can regularly reach you.

PARTICIPATION & TIMELINESS Your level of participation will be assessed at the end of the semester and
it will be part of your grade. If material that is to be graded is turned in late, it will lower the grade you would
otherwise have received. For material that is not graded (most of it), turn it in during the next class that you attend.

INTEGRITY Please note the university's policy on cheating, plagiarism, and other violations of academic integrity.
First offence, F in the course, second offence, suspension from the university. My policy is somewhat more severe,
and I have no sense of humor on this subject.
    I encourage you to get help with all of your education, but help means assistance and not replacement of effort.
You should understand anything that you turn in with your name on it. I reserve the right to ask you about any
material which you purport to be your work. If you can not explain any word or phrase that you use, it will be
treated as plagiarism.

OUTCOMES The student should learn, understand and be able to use all of the topics, concepts, and techniques
enumerated in the course description and list of topics. The eventual goal is best described by Frank H. T. Rhodes,
President of Cornel University: “A college graduate should ... be able to work with precision, rigor, and
understanding in a chosen discipline so as to understand not only something of its content but also its premises,
relationships, limitations, and significance.”

THE OFFICIAL FIRST PAGE
                                                Fairleigh Dickinson University
                                       Silberman College of Business Administration
                                 ADVANCED MANAGERIAL APPLICATIONS    Fall, 2006
                    ACCT 6684                                                                                         Dr. T. Beam

Course Description A capstone course in managerial accounting. Current topics will be covered, especially as
they relate to performance within an organization. The focus will be on communication, critical thinking skills,
and decision making.

Outcome: Upon the successful completion of this course, the student will be able to:
    1. Demonstrate a basic understanding of the underlying concepts involved in preparing and using accounting
        data internally in an organization.
    2. Discuss the use of managerial data concepts in a business environment.
    3. Use spread-sheeting in problem solving and analysis.
    4. Recognize potential ethical conflicts which may arise in the utilization of accounting information.
    5. Describe the role of accounting data in business decision making and the relationship with management.

Course Topics(may or may note include):
    Budgeting & Flexible Budgeting
    Cost Behavior
    Activity Based Costing (ABC)
    Variances
    Yield & Mix Variances
    Allocations
    Revenue Allocations   
    Productivity, Quality
    Capital Budgeting