Week 1 discussion
Managerial Versus Financial Accounting, Ethics, and EthicalBehavior
Flexibility, timeliness, and forward looking are said to bethe prominent traits of modern management accounting, whereas standardizationand consistency describe financial accounting Explain why the focus on thesetwo accounting systems differs
Week 2 discussion
Job-Order Costing
The job cost sheet is used to accumulate the three productcosts direct material, direct labor, and factory overhead Discuss the sourcedocuments for determining these amounts (that is, where do we get thesenumbers, and how do we arrive at the overhead?) Why is overhead the mostdifficult to assign?
Week 3 discussion
Process Costing and Equivalent Units
Describe how the process costing system accumulates andassigns costs by comparing and contrasting to the job-order costing system
Week 4 discussion
Cost Behavior and Variable Costing
What do we mean by cost behavior? What is the differencebetween variable, fixed, and mixed costs? Give an example of each
Week 5 discussion
Cost-Volume-Profit Analysis and Relevant Costs
Based on your e-book readings and review of both the lessonand Becker content, discuss the basic assumptions of CVP analysis and how wecan use CVP analysis as managers in making decisions
Week 6 discussion
Responsibility Accounting, Standard Costs, and VarianceAnalysis
Compare and contrast the three types of responsibilitycenters What is the best way to evaluate a manager’s performance in each typeof center? What is the problem with using only financial measures ofperformance?
Week 7 discussion
Capital Budgeting and the Time Value of Money
Let’s start with defining capital budgeting What is capitalbudgeting? What are the differences between screening decisions and preferencedecisions?