MBA515 Accounting for Mgt Decisions

for S1P 2013

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Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


MBA 515 Accounting for Mgt Decisions


S1P 2013 MBD


Peck, Rebecca A. (Becky) CPA


Adjunct Faculty


MBA with emphasis in marketing, UMKC
Graduate Certificate in Business Ethics--Bentley College
BS in Accounting, Truman State University

Office Location

Mackay LL1

Daytime Phone



Semester Dates

Thursday, January 17,  2013 - Thursday, March 7, 2013

Class Days

---- R--

Class Time

5:30 - 9:50 PM


AC 201 and AC 202 or equivalent approved by Program Director

Credit Hours



Garrison, Noreen and Brewer, Managerial Accounting, McGraw-Hill Irwin, 2012, Fourteenth Edition, ISBN: 978-0-07-811100-6, Web Site


Please make sure you have the 14th edition.  Also, do NOT purchase the International Version.  It is NOT the book we will be using.  

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information

Course Description:
MBA 515 Accounting for Management Decisions: This course emphasizes the accounting data and techniques employed by management for decision making in for-profit businesses, non-for-profit and governmental organizations to analyze, evaluate, and convey their economic events and reporting status. Areas covered include cash flow analysis, financial statement analysis, variable costing, product costing, cost predictions, cost-volume-profit considerations, operational budgeting, variance analysis, return on investment and capital budgeting decisions. The course uses accounting case studies and a term project to evaluate the students comprehension of the material. Prerequisites: AC 201 and AC 202 or equivalent approved by Program Director. (Formerly AC 515)

Educational Philosophy:

It is the mark of an educated mind to be able to entertain a thought without accepting it. (Aristotle)

Educational Teaching Philosophy:

I enjoy augmenting the textbook material with real life experiences and current events to promote the transference of concepts to the real world. Discussion of ethical issues in decision-making is also important.

I think of each of you as a potential co-worker one day.  From that vantage point, not only should you have a good grasp of the materials, but adequate and timely communication skills, honesty, and the ability to work with others.  Give your best effort in the classroom, just as you would at your job.  If you are struggling in any way, the sooner you let me know, the quicker we can address it and make your learning experience a positive one.  If you have been out of school for a while, don’t worry.  You still have what it takes to do well in class. 

If unforeseen situations come up, let me know as soon as you know and I will try to work with you.  Treat your class work no differently than your job.  Bring up problems promptly and don’t be afraid to let me know if you could use a little additional guidance in becoming competent with the materials presented.  We all learn differently.  Not right or wrong, just differently.  What you need to understand the material in one class may be different than another class.

Our course’s cognitive core learning outcomes will be based on:

  • Knowledge of the facts, terminology, and methods
  • Comprehension and understanding of the conceptual information
  • Application of the information in specific situations
  • Analysis of the organizational structure in specific situations
  • Synthesis involving creative applications of your knowledge and skills, and
  • Evaluation of the relative value of the information



Learning Outcomes:
  Core Learning Outcomes

  1. Demonstrate a basic knowledge of managerial accounting.
  2. Analyze an internal management issue and determine the accounting impact on the decision making process.
  3. Explain the importance of managerial accounting in the decision-making process within the business.
  4. Identify current managerial accounting issues and how they affect the business environment.
  5. Formulate and analyze a Statement of Cash Flows.
  6. Analyze the financial statements of a business.
  7. Develop an Operational, Financial and Capital budget for a business.
  8. Explain the role of responsibility accounting and its implications for the Manager.
  9. Measure the performance of various segments of the business.

  Instructor Learning Outcomes
  1. Analyze the principles fixed and variable costs and predict future trends using by various methodologies to include the high low method and regression analysis.
  2. Calculating and prepare financial reports using the variable costing approach and the reports to analyze the cost-volume-profit relationship.
  3. Prepare and analyze a statement of cash flows using the indirect method.
  4. Analyze financial statements using vertical analysis, horizontal analysis and ratio analysis.
  5. Calculate and analyze product cost by using process costing, job-order costing or activity based costing methodologies.
  6. Prepare budgets using standard cost and analyze the variances from budget for direct material, direct labor and all overhead; prepare the future financial statements resulting from the budget preparation process.
  7. Compute and analyze the return on investment and the residual income, and identify the effects of changes in sales, expenses and assets on these measures.
  8. Evaluate the acceptability of an investment project using the net present value, internal rate of return and the payback method along with the impact of taxes on the decision.
Core Assessment:

Class Assessment:

Your grade will be determined by your work on the following:  (1)Mid-term exam, (2) Final exam, (3) Term Project, and (4) class participation.. All submissions will be graded on relevance, comprehensiveness, specificity, clarity and analytical skills, as well as writing skills.

 Term Project:

·         The Term Project is a team project and may not be submitted individually. The guidelines for this project will be presented the first night of class.

·         Contact me with any issues regarding non-participative team members.



Point each

Number of Items

Possible points in course(weighted average)

Percentage(%) of final Grade

Class Discussion/Participation   





Term Project





Mid-term Exam





Final Exam










Late Submission of Course Materials:
The Team Project will be penalized one letter grade for each day late without my prior approval. After one week no points will be available.  Discussion/Participation CANNOT be made up.  Exams will be taken on the designated days.

Classroom Rules of Conduct:
Be responsible, reply to classmates with respect, bring up issues as soon as they arise, and approach your assignments as you would your job:  Give it your best.

Course Topic/Dates/Assignments:






January 17

Statement of Cash Flows

Financial Statement Analysis

Chpt. 14

Chpt. 15

E14-3, P14-8, P14-9

E 15-8, P15-11, 15-12

January 24

Managerial Accounting

Cost Terms, Concepts and Classifications

Chpt. 1

Chpt. 2

E 1-2, P 1-5, 1-6

E 2-8, P2-13, 2-24



January 31


Job Order Costing

Process Costing


Chpt. 3

Chpt. 4


E3-10, 3-15, 3-18, P3-23

E4-2, 4-3, 4-7, 4-10


February 7


Cost-Volume-Profit Relationships

Variable Costing--Segment Reporting

 Chpt. 5

Chpt 6


E5-6,E-17, P5A-5, 5-11

E6-5, 6-6, 6-9, P6-19


February 14


Mid-term Examination (Chapters 1-6; 14; 15)

Activity Based Costing

Profit Planning (Budgeting)



Chpt. 7

Chpt. 8



E7-3, 7-14, P7-16, 7-17

E8-1,8-7,8-13, P8-19, P8-25


February 21

Flexible Budget and Performance Analysis

Standard Costs and Operating Performance


Chpt 9

Chpt 10


E9-2,3,4, 5, 6, P9-17

E10-8, 10, P10-12


February 28


 Differential Analysis


Chpt 11

Chpt 12


E11-5,11-8,11-10, P11-22, 11-24

E12-2, 5, P12-17. 12-18


March 7


Capital Budgeting Decisions

Final Exam (Chpts 7-13)

Turn in Term Project


Chpt 13


E13-1,5, 8, 11, P13-17

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2012-2013 Graduate Catalog Page 21-22


Plagiarism is the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2011-2012 Graduate Catalog Page 21

Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:1/2/2013 12:32:31 PM