Day 1 Introduction

Day 1 Introduction - accounting is hard. This semester, I...

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Acct 2301: Managerial Accounting
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Instructor: Steve Buchheit Boo! Height
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About me… Three kids Ohio native Married to a Texan Experiment w/ Hair styles Accounting Professor Welder
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Welding Equipment Companies Lincoln Electric Miller Hobart
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Enough about me… Meet some classmates Groups of 3 or 4
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Knowing Cost Is Important… for companies making tangible products Materials Labor Overhead
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Insert Exhibit 1-3  Here
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Managerial vs. Financial Accounting Emphasizing that Costs Can Be Assets or Expenses Period  Cost Expense COGS Asset Product  Cost
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Insert Exhibit 1-6  Here Labor Costs
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Insert Exhibit 1-7  Here Overhead Costs
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Regardless of your major (Acct., Finance, Marketing, etc.) – Managerial Accounting information will most likely affect you. Why?
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Everyone Can Do Well In This Class…It’s Up to You Historically, some students enter accounting with a preconceived notion that “
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Unformatted text preview: accounting is hard. This semester, I hope to illustrate that this is not true . If anything, students find this material too intuitive and neglect to put enough effort into ensuring they can work course problems. Bean-Counters Historically, some students enter accounting with a preconceived notion that accounting is boring. This semester, I hope to convince you otherwise. At a minimum, I hope to illustrate (1) why accounting is useful and (2) why the accounting profession is a good one. Getting Class Notes For future reference, I post my Powerpoint slides on the internet. (Typically this will happen the day before class.) Next Time Look at HW Manager (please try the system before Thursdays class). Begin discussing Chapter 2: Cost Behavior....
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Day 1 Introduction - accounting is hard. This semester, I...

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