MGT 815b: Managerial Controls - Yale School of …faculty.som.yale.edu/shyamsunder/MGT815/CSyllabusMGT815.pdf · 2001-07-10 · MGT 815b: Managerial Controls Room 209H, Ph: 2-6160,

Yale School of Management Instructor: Shyam Sunder Sec A 8:30-9:50 Sec B 10:00-11:20

MGT 815b: Managerial Controls Room 209H, Ph: 2-6160, [email protected]

All classes in Room A-74

Class Schedule and Assignments

Spring (1), 2,001

Asst. Judy Carmel, Room 201H, Ph: 2-5960, [email protected]

Course Description: This is a problem-solving course to help you build your ability to design and operate the

control system of organizations. It uses many of the theoretical constructs you have learned in economics and applies them to the real-world practical problems of managing organizations. You will learn to identify, measure, accumulate, analyze, prepare, interpret, and communicate financial information. Specific topics include budgeting, variance analysis, cost allocation, performance evaluation, compensation schemes, decentralization and transfer pricing. This is not a course in cost accounting (technical journal entries, detailed calculations of process costing, and alternative methods of calculating variances, etc.) Some of these cost accounting concepts are covered, but only at a conceptual level.

Text: Jerold Zimmerman, Accounting for Decision Making and Control, 3nd ed, Irwin McGraw-Hill. Class Web Page: http://courses.som.yale.edu/ for information and downloading files. Click on MyWebCT, login

and go to this course (MGT815b) in the list. This course outline, and the Victoria Case can be downloaded from the web page. If you have any difficulty in accessing the Web page, please contact SOM-IT at [email protected].

Suggestions for a Good Learning Experience: Before the class, (1) read the assigned chapter, working through problems in the text and the self study problems , (2) prepare your best efforts solution to the assigned homework problems to turn in at the beginning of the class, and (3) read and prepare the assigned case for class discussion. In the class, listen as well as share your insights with others, and ask questions to clarify the difficulties you may have had in solving the homework. After the class, (1) check your homework against the solutions handed out in the class to make sure that you can independently solve similar problems later, and (2) solve some practice problems to verify this .

Homework: is due before each class begins. Solutions to the homework problems will be handed out in the class. Grading of homework is described later.

Grades: 30%, Midterm, closed book, closed notes, covering Chapters 1, 2, 4-7. 45%, Final, closed book, closed notes, covering Chapters 1,2, 4-12 (extra weight on Chapters 8-12). 15%, Victoria Team Project. Please form 3-person teams, send team names to Judy by January 20. 10%, Homework. Office Hours: MF, 4- 5:30 pm, and by appointment. Class/Day Chap

-ter1 Topic Homework Problems (to be

handed in before each class) Self Study (SS) and Practice Problems

Case Prep.

1. 1/15M Ch. 1 Introduction P1-3, 9 2. 1/17W Ch. 2 Nature of Costs P2-5, 14, 34 SS1,2 and P2-19, 26, 29 C2-1 3. 1/22W Ch. 4 Organization Design P4-5, 15, 19 SS1 and P4-17, 21 C4-1 4. 1/24W Ch. 5 Responsibility Accg. P5-8, 16, 18 SS1,2 and P5-13, 17 C5-1 5. 1/29M Ch. 62 Budgets Victoria Project due (start early) SS1,2 and P6-1,4,15, 24 Appendix 6. 1/31W Ch. 7 Cost Allocation (T) P7-5, 8, 19 SS1and P7-7, 10, 16 C7-1 7. 2/5M Midterm Exam (In Class) 8. 2/7W Ch. 82 Cost Allocation (P) P8-3, 5, 8 SS1and P8- 11, 14, 22 C8-1 9. 2/12M Ch. 9 Absorption Costing P9-8, 12, 28 SS1,2 and P9-5, 17, 25 C9-1 10. 2/14W Ch.10 Abs. Costing Incent. P10-4, 14, 16 SS1,2 and P10-2, 11, 13 C10-1 11. 2/19M Ch.11 ABC Methods P11-5, 11, 12 SS1and P11-8, 10, 14 C11-2 12. 2/21W Ch.12 Standard Costing P12-3, 21 SS1and P12-2, 9, 12 C12-1 13. 2/26M Overview 2/28W Final Exam (1-4 PM, Rooms A-30, A-51, A53)

1 You may skip reading the appendices to all except Chapters 6 and 8. 2 Please read the appendix to this chapter.

Course Format: The course relies on a significant amount of student input and class participation. The text, problems, and cases form the basis of class discussions. You should come to the class prepared to discuss the material in the text, assigned and practice problems and cases. Questions about them are welcome and encouraged. Learning Strategy: Solving problems independently after reading the textbook is an effective strategy for gaining the most out of this course. You may work in study groups to assist each other’s learning, but be sure to build your own independent ability to solve problems. The course covers material that is cumulative. It requires you to solve problems regularly. Falling behind the schedule in solving problems may make it difficult for you to catch up later. Homework: P5-10 denotes Problem 10 from Chapter 5. Homework assignments are due before the start of each class. Please label each homework assignment clearly with your name, section number, lecture number and the due date. All homework (Except Victoria Team Project) is to be prepared and submitted on an individual basis. Your homework will be graded satisfactory (S), satisfactory-minus (S-), late (L), or missing. S- will be used for assignments that are incomplete, or do not show a “best effort” attempt. Assignments received after the class begins will be recorded as LATE. Assignments will not be graded in detail since complete solutions to homework problems will be handed out in class. Class Participation: Class participation is not explicitly graded but will be used to determine borderline grades. Please bring your name card and textbook to the class. I often call on students who do not have their hands raised. If you are not prepared to participate in a particular class, please inform me in advance. Exams: The primary sources of questions for exams will be homework, practice problems, and class lectures and discussions. However, anything covered in the course may be covered on the exams. You will not be allowed to use your laptop computers during the exams. You may use calculators for arithmetic functions but not for materials stored in memory. Course Materials: All course materials are for your personal use only. I expect you not to accept these materials from others who may have taken the course earlier, or make them available to those who may take the course in the future. Direct or indirect transfers of such material are harmful to your and SOM’s learning environment, and violate the Honor Code. It is difficult to do well in the exams without preparing most of the assigned material for the course. List of Tutors Name Email Phone Daniel Gottlieb [email protected] 865-8458 Kenitiro Muto [email protected] 777-4760 Richard Peters [email protected] 785-1684 Jorge Rodriguez [email protected] 624-6616 Anjolie Chidambaram [email protected] 887-9352