ECO 610: Managerial Economics



UNIVERSITY OF KENTUCKY – TEI PIRAEUS

MASTER IN BUSINESS ADMINISTRATION (2012-13) DRAFT

Acc 628: Financial/Managerial Accounting

Professor: John A. Bacalis, MBA, CPA

Email: jbacalis@hol.gr

Description:

The course covers financial and management accounting.

The first part of the course is intended to reinforce the financial accounting background of the MBA students so as to become knowledgeable users of accounting information. Financial accounting offers an opportunity to develop a sound understanding of preparation and analysis of financial statements, the critical financial foundation and language of business.

The second part of the course emphasizes the preparation and use of accounting information to assist management in setting operational and financial goals, planning, controlling, and evaluating performance. Topics include Managerial Accounting Systems, Accounting for Manufacturing Operations, Cost Accounting Systems, Cost-Volume-Profit Analysis, Segment Performance, Operational and Cash Budgeting, Standard Costing, and Incremental Analysis.

Textbooks:

|Textbook(s) Required: |Financial and Managerial Accounting Principles by Powers/ Needles/Crosson, South-Western, 9th edition, |

| |2011. |

|Textbook(s) Suggested: |a. Accounting, The Basis for Business Decisions: by Meigs/Williams/Haka/Bettner, McGraw Hill |

| |b. Principles of Accounting, by Needles/Powers/Crosson, Houghton Mifflin, 2008. |

| |c. Managerial Accounting, by Needles/Crosson, Houghton Mifflin, 2008 |

COURSE OUTLINE (2012-2013) (18:00-22:00) DRAFT

CLASS DATE TOPICS – ASSIGNMENTS - TESTS CHAPTER

|1 |NOV. |07 WED |FINANCIAL ACCOUNTING: | |

| | | |Introduction, Business Transactions, |1,2, |

| | | |Measuring Business Income, Completing the Accounting Cycle |3, |

| | | |Financial Reporting and Analysis - Financial Statements |4 |

|2 |>> |09 FRI |Merchandising Operations, Inventories, Cash and Receivables, Current Liabilities, Time Value|5,6,7, |

| | | |of Money |8 |

|3 |>> |12 MO |Long-Term Assets, Long-Term Liabilities, Contributed Capital |9, 10,11 |

|4 | NOV. |14 WED |Investments |12, |

| | | |The Corporate Income Statement and |13, |

| | | |The Statement of Stockholder’s Equity |13, |

| | | |The Statement of Cash Flows |14 |

|5 |>> |16 FRI |TEST 1 (60’, Chapters 5,6,7,8,9,11) | |

| | | |MANAGERIAL ACCOUNTING: | |

| | | |Cost Concepts and Cost Allocation |16, |

| | | |Costing Systems: Job Order, Process, ABC Costing |17,18 |

|6 |>> |19 MON |Cost Behavior Analysis, Breakeven Analysis |20, |

| | | |The Budgeting Process |21 |

|7 |>> |21 WED |TEST 2 (60’, Chapters 16, 17, 18) | |

| | | |Performance Management and Evaluation |22, |

| | | |Standard Costing and Variance Analysis |23 |

|8 |>> |23 FRI |Management Decision Making: | |

| | | |-Short-run Decision Making |24, |

| | | |-Capital Investment Analysis |25, |

| | | |-Pricing Decisions |26 |

|9 | |26 MON |Management Decision Making (continued): |25,26 |

|10 |>> |30 FRIDAY|FINAL EXAM (on Mgl Acctg only, 20,21,22,23,24,25,26) | |

Grading:

|Assessment |% | |

|Class Participation, H/W: |20% |Class Discussion/presentation/participation. Assignments. |

|Tests (2x25): |50% |Could include multiple choice and essay type questions and Problems/cases. |

|Final Exam: |30% |Could include multiple choice and essay type questions and Problems/cases. |

Required:

|1. Prior to class, read the notes for the applicable chapters, to get familiar with the topic(s) to be covered. |

|2. Selected exercises will be assigned. Selected assigned work will be assigned and discussed in class. |

|3. Bring to class the notes and any other material e-mailed to you. |

|4. Bring your textbook to class. You will need it for work, on selected exercises, done in class. |

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download