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Unformatted text preview: Boston College Carroll School of Management Syllabus Summer 2011 – 2nd Session - Section 04 (M, T, at 12:15 pm; Th at 8:30 am) Course: MA 827 Strategic Cost and Profitability Analysis Instructor: Tony Wain Classroom : Fulton Hall 235(M, T); Fulton 117 (Th) Phone Number: 781-239-5619 E-mail: [email protected] [email protected] Office Hours: I will be available before and after classes. Course Objectives: A prominent management consultant, Eliyahu Goldratt, has stated, "cost accounting is the number one enemy of productivity." This course will examine what perhaps caused accounting based control systems to become outdated but more importantly we will examine how we can modify these systems to meet the global challenges of the 21'st century. The course will take a strategic and managerial focus as opposed to a traditional cost accounting orientation. For example, in discussing the allocation of costs, we will emphasize its importance in pricing and control decisions as opposed to financial reporting record keeping. Further, we will emphasize the role that corporate governance can help management in achieving more effective control and more accountability to shareholders. Behavioral, ethical, and international issues will receive a special place in this course. Students are encouraged to find relevant articles on these topics from such sources as the New York Times , Wall Street Journal , and The Economist (a U.K. publication). An emphasis will be placed on student involvement and initiative. At the end of the course, you will be expected to integrate knowledge across topics and across different disciplines. It is important to note that the approach in this course is based on the fact that this is a graduate course, you are bright students and you have successfully completed an introductory course in management accounting and managerial cost analysis. This course is completely case oriented. Accordingly, there will be “cold calling” in the class and there will be no formal lectures. Books: Robert N. Anthony and Vijay Govindarajan, Management Control Systems , 2007, 12th Edition, McGraw Hill-Irwin. Eliyahu Goldratt and Jeff Cox, The Goal, 1992, 2nd rev. edition, North River Press Readings and Cases: Cases and articles will be assigned from the textbook as well as distributed in class. The articles are intended to complement the textbook by presenting a corporate governance perspective on management control. Cases will be used to emphasize the "real world". Communication is a two-way street, thus you should also work on developing the ability to read and understand the professional literature related to accounting. While not required, you should consider reading general news and financial publications (e. g., The New York Times, The Economist) and specialized accounting publications (e. g., the Journal of Accountancy, the CPA Journal, Strategic Finance)....
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This note was uploaded on 11/08/2011 for the course MA 827 taught by Professor Wain during the Summer '11 term at BC.
- Summer '11