EXEC 6650                 Accounting& Control Concepts for Management                                               Fall, 2007
beadil@earthlink.net or tombeam@dr.com                                                                                                 Dr. T Beam
Fax: 215-836-7158                                                                                                                   alpha.fdu.edu/~tbeam
Objective An introduction to accounting concepts and their information content for decision making and control in settings
of operations, divisional operations, and international operations. Students will be expected to take part in a dialogue on
such topical issues as ethics, quality, strategic responsiveness and communications. Topics include planning and control,
cost behavior and prediction, information content, budgeting and the evaluation of alternatives.  Emphasis is placed on the
role of accounting in managerial control and decision making.

Text   Jackson / Sawyers (Jenkins), "Managerial Accounting", South-Western, 3rd Ed, 2006

Grades:     Exam                                        50%  Web Entries                 10%  
                  Homework & Participation       30%  Movie (due 4th Week)  10%

Exec MBA Cases

Cases / Articles             Week / Chapter                          Problems                      In Class                  

-                                  1     -                                              -                                    Case 10, Dilbert

Email, Bores You         2  1 - Intro                                     18,24,25,26,39              Toxic Case, 1-34
Fav Var, Case 3              2 - Ethics                                    22                                  Behavior, Charts
                                       3 - Prod / Period (74-7)              28                                 Carol’s Barrels
                                       4 - Cost Behavior                        19,20,26,27,45
                      
Memo, Bad                 3  7 - CVP & Var Costing               19,25,28,29,45n,51n   Robin, 6-47, BEP
Case 7, ABC 1                8 - S T Decisions                        17,19,22,23,24            Machines, Case 25
                                                                                            ...25,35,46,49             Var Cost, Alloc, Dec

Not a Plan, Case19m   4 9 - Capital Expenditure                17,19,20,23,43n           ABCs, CEs
ABC 5, Case 7A                                                                 ... 49n                         Case 27, 15A, 26

Crichton Excerpts        5 13 - Quality (416-21)                   20                                Case 14, Case G/H
ABC 6                              6 - ABC (103-6, 115-6)           18,19,20,25,35             Qual, Bud & Var
                                       10 - Budgets                                17,18,23,27,36,47       10-32

     Exam (Take Home & In-Class: All Chapters and Class Materials)


Problems in the In-Class Column will be covered in the class when that chapter is presented and discussed
by me. You should read the chapter and attempt the problems in the Problems Column. These should be
attempted as home work and will also be covered in class.

MANAGEMENT MEMOS For the exercises & problems marked "m", do the material as assigned 
and add a one page managementmemo briefly recommending your solution. This memo should be no more
than ONE type written double spaced page with normal margins using a pointsize of 12. It will be graded
on both form and content. It should be preparedon aword processor and should be both spell checked
and grammar checked.Whereappropriate, a second page using graphics may be attached.

QUIZZES may be given unannounced throughout the course and will cover material assigned for the given
class. There is no makeup of quiz grades.

NOTES In all homework, explain your position and show all calculations. Wherever appropriate, problems
should be done using the format recommended in class so that you can compare intermediary calculations
with others.
Problems marked "n" have the following notes:
     6-42   Calculate Net Income for both methods: Variable Costing and Full Absorption.
     6-48    Profit targets are after tax. Use a 45% tax rate. Include a profit target of $15,000 in parts B
                 through F.
     8-41   Calculate NPV at 15%, IRR, and Payback.
     8-47    Use Sum-of-the-Years-Digits Depreciation and calculate NPV at 12%, IRR, and Payback.

ARTICLES  will be handed out or you will select them from the literature. (Select articles relevant to
the course.) 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. If a LIBRARY Assignment is made, you will need to select
2 articles and prepare them for the following week's class.

EMAIL - I want you to send me an email message before the second class. It should be from an
account where I can regularly send you messages.

MOVIE REVIEW Watch the movie Other People's Money. In no more than 2 double spaced,
normal margin pages please do parts [1], [2], and [3]. Part [4] is optional.
    [1] There is an issue presented at the stockholders’ meeting. State it precisely in generic terms
as a question of principles (i.e., the question is NOT “who to vote for”).
    [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 type written and double spaced, with normal margins and a point size of 12.
It should be spell checked, grammar checked, and proof read. This may be done in groups.

WEB ENTRIES are to be made each week starting in the second week. You enter the web
course through the fdu page ( webcampus.fdu.edu ). I will post questions. Every student is
expected to respond to each of them or to one of the responses of one of the other students
for each question. 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.
                                              
BOOK REVIEW (Optional - Due no later than the 5th class)
Read the book Risk by Dick Francis. In no more than 2 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 CEO. Your
grade will be based on the quality of the understanding, analysis, and communication. There
is no right answer but there are some wrong ones. This can add up to 4 points to your final
average. This may be done in groups.

PARTICIPATION & TIMELINESS Your level of participation will be assessed at the
end of the course and it will be part of your grade. Attendance is expected but not mandatory.
You are, however, expected to master all course materials. You should acquire and review
class notes from another student for any class time that you miss. If material is turned in late,
it will lower the grade you would otherwise have received.

INTEGRITY Please note the university's policy on cheating, plagiarism, and other violations
of integrity is up to each faculty member within constraints. My policy is: first offence, F in the
course. I know that my policy is somewhat severe and I have no sense of humor on this subject.
    I encourage you to get help with all of your education, especially with written assignments.
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.

THE OFFICIAL FIRST PAGE
                                      Fairleigh Dickinson University
                                Silberman College of Business Administration
Accounting & Control Concepts for Management                                               Fall, 2007
EXEC 6650                                                                                                         Dr. T. Beam
beadil@earthlink.net                                                                           alpha.fdu.edu/~tbeam
Fax: 215-836-7158                                        
 
 
Course Description: An Introduction to accounting concepts and their information content for
decision making and control in settings of operations, divisional operations, and international
operations. Students will be expected to take part in a dialogue on such topical issues as ethics,
quality, strategic responsiveness and communications. Topics include planning and control, cost
behavior and prediction, information content, and budgeting evaluation of alternatives.  Emphasis
is placed on the role of accounting in managerial control and decision making.

Prerequisite: All courses in the lower level tiers.

Outcomes: Upon the successful completion of this course, the student will be able to:
    1. Demonstrate a basic understanding of the underlying concepts of cost behavior and
        prediction, information used in decision making and budgeting techniques.
    2. Discuss planning and control concepts in a business environment.
    3. Use spreadsheeting in cost development and budgeting.
    4. Recognize potential ethical conflicts which may arise in the utilization of management
         information.
    5. Describe the role of various techniques in management decision making.

Course Topics:
    World Class Activities
    Cost Estimation
    CVP (Cost Volume and Profit Analyais)
    Relevant Costs
    Value Chains
    ABC (Activity Based Costing)
    Price, Cost & Quality
    Capital Budgeting
    Budgeting