Time Schedule:
Helen D. Adams
ACCTG 225
Seattle Campus
Analyses and evaluation of accounting information as part of the managerial process of planning, decision making, and control. Concentrates on information useful to enterprise managers. Prerequisite: ACCTG 215; ECON 200; may not be repeated.
Class description
How to use accounting information to help make sound economic decisions to maximize firm value.
Student learning goals
Recognize fixed and variable costs and be able to analyze how they change with a decision.
Understand how manufacturers account for the cost of their product
Understand what will impact firm value
Understand what costs - accounting and other - need to be accounted for to make a decision to maximize firm value
Understand how to budget and plan activities as well as how to give people incentives to follow plans
Be able to apply class principles to different situations in a sensible fashion and be comfortable with the uncertainty involved.
General method of instruction
Large meetings are active and interactive. This means I do some lecturing to set up theory and tie the classes together. We then do the 'advertised' problem of the day. At a point you will work this problem with fellow students around you while the TAs and I come around to help. Students need to read the class summary notes and try to digest them *before* class to be prepared to participate. In quiz sections or small meetings individual quiz instructors determine the format but in general there will be more focus on application of principles and doing more problems for reinforcement.
Recommended preparation
This course makes rigorous demands on both verbal and quantitative skills. The arithmetic skills required are very basic, but the context, and understanding relationships among numbers is more demanding. Be prepared to read material with great care, apply it and back up the logic of what you have done. Brush up on your bookkeeping especially, since we will build on this, and your microeconomics.
Class assignments and grading
For every class there are readings and problem assignments. Some problems are collected by quiz instructors and graded; quizzes are given in sections. Exams are integrated across topics. This means that I want you to integrate the material and understand how it fits together rather than memorize small parts. With my lecture and during the class problem which I frequently modify, I try to help you form the links across topics and show you how to integrate with the problem. I also have many past exams available on Blackboard, with solutions, so that you can practice integrated questions.
Quiz sections 20%% 2 midterm exams 45% Final exam 35%
