Spring 2005  Syllabus

Accounting 811-050  Advanced Managerial Accounting

 

Instructor:      Winifred D. Scott, Ph.D., CPA   

Email:             scottw@lerner.udel.edu                                     Phone:  (302) 831-6002

Office Hours:  Monday 3 – 5 p.m. or by appointment                   Office:  222 Purnell Hall

Webpage:        www.buec.udel.edu/scottw/                                  Class Location:  Purnell 233A

 

Purpose:

The purpose of this course is to enhance your conceptual and applied knowledge of managerial accounting.  This goal is approached through reading the textbook, selected readings, handouts, business case analyses, and in-class problem solving activities.  The environment of the accounting profession is dynamic and exciting.  Your participation in class discussion is an integral part of the learning process.  The vision is that each student increases their understanding of the domain of management accounting, performance measurements, and Sarbanes-Oxley Act of 2002 for their decision-making and strategic success of an organization. 

Topics:

*      Sarbanes-Oxley Act of 2002

*      Agency Theory

*      Balanced Scorecard

*      Decision Making

Grades: 

Grades will be based upon a combination of the following:

essay paper (30%)                     class participation (25%)    

two presentations (20%)            final exam (25%).

 

References:

*      Hilton, Ronald, W.  Managerial Accounting, Creating Value in a Dynamic Business Environment, 6th edition, McGraw Hill Irwin, 2005.

*      Harvard Business Review on Measuring Corporate Performance, Harvard Business School Press, 1998.

*      Arens, Alvin A., Randal J. Elder, and Mark S. Beasley.  Overview of the Sarbanes-Oxley Act of 2002 with Other Changes in Auditing and the Accounting Profession.  Pearson Prentice Hall, 2004.  (AEB)

 

Selected Readings:

1.       The 107th Congress of the USA Sarbanes Oxley Act of 2002.  H.R. 3763.

2.       Research Opportunities in Internal Auditing.  Institute of Internal Auditors Foundation.  Edited by Andrew D. Bailey Jr., Audrey A. Gramling, and Sridhar Ramamoorti   http://www.theiia.org/newsletter/index.cfm?news_id=612

3.       Knapp, M.C. and C.A. Knapp.  2004.  The North Face, Inc.  Case focusing on ethical issues for the financial accountant and internal auditor.

4.      Jensen, M.  1994.  Self-Interest, Altruism, Incentives, & Agency Theory.  Journal of Applied Corporate Finance (Summer).

5.       Lambert, R. A.  2001.  Contracting Theory and Accounting.  Journal of Accounting and Economics 32 (December): 3-87.

6.       Jensen, M. and W. Meckling.  1994.  The Nature of Man. Journal of Applied Corporate Finance (Summer): 4-19.

7.       King, A.  1993.  Green Dollars and Blue Dollars: The Paradox of Cost Reduction.  Journal of Cost Management (Fall): 44-52.

 

 

Date

ACCT 811 Assignments

REVISED 3/7/05

Feb 7

Introduction

    Chapter 1 – The Changing Role of Managerial Accounting

    Bigger than Enron

                                                   AEB = Arens, Elder, & Beasley

 

 

Feb 14

Agency Theory     Jensen (1994)

                               Lambert (2001)

 

 

Feb 21

Agency Theory     Jensen & Meckling (1994)

 

 

Feb 28

Who Moved my Cheese

The North Face - case

 

AEB   pages 1-10

Mar 7

Sarbanes Oxley Act of 2002         PCAOB      Carmichael Speech

    Roles – PCAOB players

    Objectives / missions of SEC, PCAOB, FASB, AICPA

SOX  Section I

 

Mar 14

Revised

  • Sarbanes Oxley  Audit Committee and Auditor Independence, Certified Reports

  • Enron and the Future of U.S. Corporate Law and Policy (p269-287)  by  John C. Coffee, Jr.      January 2004.

  • Pick Essay Topic

SOX  Sections II & III

AEB   pages 11-16

Mar 21

Revised

  • Section 404  Internal Control

  • Institute of Internal Auditors Foundation – Chapters 1

  • Enron and the Future of U.S. Corporate Law and Policy (p287-309)

SOX  Section IV

 

Mar 28

Spring break

 

 

Apr 4

Revised

Essay – written and oral presentations

15 page maximum,  spacing 1.5, use at least 4 references

 

 

 

Apr 11

Chapter 2 – Basic Cost Management Concepts and Accounting for Mass Customization Operations

King (1993)

 

 

Apr 18

Balanced Scorecard – Chapters 1 & 2

 

 

 

Apr 25

Balanced Scorecard – Chapters 3, 4, 5, 6, 7, & 8

     One chapter per student presentation

 

 

May 2

Chapter 12 – Responsibility Accounting, Quality Control, and Environmental Cost Management

 

 

May 9

Chapter 16 – Capital Expenditure Decisions

 

 

May 16

Chapter 14 – Decision Making: Relevant Costs and Benefits

 

 

May 23

Final   

 

 

 

 

 

Potential Essay Topics (See April 4)

¨         GAO Studies

¨         Compliance

¨         Internal Control

¨         Auditor Independence

¨         Audit Committee

¨         Changing Roles for Internal and External Auditors

¨         Future Accountants & Ethics

¨         Corporate Governance & Ethics

¨         COSO