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UIUC Fall 2001 Accy403 (MSA) Overview

UIUC Fall 2001 Accy403 (MSA) Overview. Purpose & learning objectives Format Workload, class preparation and grades Communication Next class. Purpose & learning objectives. Use of accounting for managerial planning and control decisions Understanding cost behavior

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UIUC Fall 2001 Accy403 (MSA) Overview

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  1. UIUC Fall 2001 Accy403 (MSA) Overview • Purpose & learning objectives • Format • Workload, class preparation and grades • Communication • Next class

  2. Purpose & learning objectives • Use of accounting for managerial planning and control decisions • Understanding cost behavior • Making decisions based on accounting numbers • Designing the accounting system • Using the accounting system to control decentralized or delegated decision making behavior.

  3. Format • Discovery learning • Read before class (chapter or part of chapter) • Work problems • Bring solutions to class • Discuss solutions in class • Work on a new problem in class (in groups).

  4. Workload, class preparation and grades • Homework: 12 of 15 assignments 120 • Class participation 50 • 2 Midterm Exams (125 each) 250 • Final Project 80 • Total 500 • No late assignment, no makeup exam. • Always bring 2 copies of homework to class. • Final grades are assigned based on class rank.

  5. Communication • Office: 225 E, David Kinley Hall • E-mail: doogar@uiuc.edu • Phone: 244-8083 • Office hours: 1:00 – 2:30 Tu, Th or call me. • TAs: Jessica Lambe and Carrie Roesner • TA Office hours: TBA

  6. Next class • Read Zimm Ch 2 parts A & B. • know the difference between opportunity cost and sunk cost • understand different types of opportunity costs • understand fixed, variable and mixed costs • understand marginal vs. average costs • Do homeworks: P2-1, 2-3, 2-32; bring 2 copies to class. • Read, understand and think about P2-9, 2-10 for class.

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