Course Description:
This course is designed to acquaint students with the role of the accountant in the management team by providing and assisting in the analysis, interpretation, and forecasting of business organizations. It covers the discussion of the foundation of management accounting; its expanding role, organizational structure, and professional ethics for management accountants; design of management accounting systems (e.g., responsibility accounting system), evaluating the impact of changes in business structure, functions, and appropriateness of management accounting techniques and methods; performance measurement for planning and control such as: marginal, absorption, and opportunity costing; cost behavior; cost-volume-profit relationship; Advanced analysis and appraisal of financial and related information; business planning and budgetary systems; methods for planning and control.
Course Learning Outcomes (General Objectives)
This course is intended to develop strengthen the key competencies of students management accounting with emphasis on strategy development and execution and a deeper consideration of global issues affecting the practice of management accounting. At the end of the semester, the student must be able to:
1. Manifest a thorough understanding of how management accountants affect strategic decisions.
2. Exhibit the ability to be analytical in the decision making process.
3. Discuss and apply the basic concepts of performance measurement compensation and multinational considerations, balanced scorecard and strategic profitability analysis, environmental cost accounting.
4. Show proficiency in the use of computers and other office machines and an opportunity to apply computer skills to management accounting.
5. Exercise professional attitude by being honest, objective, and technically components as well as to be intellectually independent in giving advises and recommendations in rendering management advisory services.
6. Exhibit managerial skills and competence considering social responsibilities at all times.
7. Prepare and analyze accounting data, apply it to a range of planning, control and decision-making situations and adapt it to accommodate change
Course Outline
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Week No. and Time Allotment |
Topics |
Learning Activities |
Graded activities |
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Day 1 2 hours |
Orientation on SMU Vision- Mission, Marian virtues and Course Requirements |
Discussion of Classroom policies, teacher and student expectations |
Student to submit reflection paper on their realization from the initial discussion |
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1. Preliminaries |
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Day 2 - 6 10 hours |
II. Balanced Scorecard and Advanced Analysis and |
On-Line Lecture with class discussion |
Participation in classroom discussion |
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Appraisal of Performance, financial and related information |
Read Module 1 |
Preparation of strategy maps |
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1. Balanced Scorecard 1.1. Nature of the Balance Scorecard 1.2. Perspectives of the Balanced Scorecard a. Financial b. Customer c. Internal d. Learning & growth 1.3. Aligning the Balanced Scorecard to Strategy 1.4. Features of a Good Balanced Scorecard 1.5. Evaluation of the Success of a Strategy 1.6. Strategic Analysis of Operating Income |
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Case analysis On-line Quiz |
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Day 7- 9 6 hours |
I. Performance Measurement, Compensation and Multinational |
On-line lecture with illustrative discussions |
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Consideration.
1. Financial and NonFinancial Performance Measures. 2. Choosing among Different Performance Measures a. Return on Investment b. Residual Income c. Economic Value Added d. Return on Sales e. Comparing Performance Measures |
Read Chapter 14 - Lanen |
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Week No. and Time Allotment |
Topics |
Learning Activities |
Graded activities |
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3. Choosing the time Horizon of the Performance Measure 4. Choosing Alternative Definitions for Performance Measures |
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Day 10 |
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First Term Examination |
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Day 11-15 10 hours |
Choosing Measurement Alternatives for Performance Measures a. Current Cost b. Long-term Assets: Gross or Net Book Value 5. Choosing Target Levels of Performance 6. Choosing the Timing of Feedback 7. Performance Measures in Multinational Companies a. Calculating the Foreign Division’s ROI in the Foreign Currency b. Calculating the Foreign Division’s ROI in Philippine Peso 8. Distinction Between Managers and Organization Units a. The Basic Trade-Off, Creating Incentives Versus Imposing Risk b. Intensity of Incentives and Financial and NonFinancial Measurements c. Benchmarks and Relative Performance Evaluation 9. Performance Measures at the Individual Activity Level a. Performing Multiple Tasks b. Team-Based Compensation |
On Line Lecture with illustrated discussion Alternative measures of performance, management compensation and multinational considerations |
On-Line Quiz Case analysis |
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Week No. and Time Allotment |
Topics |
Learning Activities |
Graded activities |
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Arrangements 10. Executive Performance Measures and Compensation a. Objectives of Management Compensation b. Executive Performance measure and compensation c. Cash Compensation d. Non-cash Compensation e. Bonus Plans |
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Day 16-19 8 hours |
I. Quality and Environmental cost Management 1. Cost of quality 2. Reporting quality costs 3. Controlling quality costs
II. Lean Accounting & productivity Measurement 1. Lean Manufacturing 2. Lean Accounting 3. Productive Efficiency 4. Total Productivity measurement |
On-Line Lecture with illustrated discussion of determining and reporting quality costs |
On line Quiz Case analysis |
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Day 20 2 hours |
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Day 21-27 14 hours |
IV. ENVIRONMENTAL COST MANAGEMENT 1. Business process-oriented environmental management and controlling systems 2. Integrated managerial environmental information system for supporting environmental management, controlling and auditing 3. Integration of quality and environmental management, controlling |
On-line Lecture and Group discussion on environment accounting
Case analysis |
Quiz Case Analysis Individual reporting of application of environmental accounting by corporations |
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Week No. and Time Allotment |
Topics |
Learning Activities |
Graded activities |
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and auditing. 4. Environmental investment management 5. Environmental reporting 6. Environmental ratio systems 7. Managerial evaluation of instruments of environmental policy |
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Day 29 & 30 4 hours |
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Final Exams |
- Teacher: Maramba, Veronica C.
- Enrolled students: 1