ACCTNG 5412 Seminar in Controllership College of Business Administration University of Missouri-St. Louis Fall 2010

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1 ACCTNG 5412 Seminar in Cntrllership Cllege f Business Administratin University f Missuri-St. Luis Fall 2010 Instructr: Timthy A. Farmer, Ph.D., CPA Office hurs (1212 Twer): Phne: Mnday & Wednesday 10:00-10:45 am farmert@umsl.edu Mnday 5:30-6:45 pm Curse Descriptin A study f advanced managerial accunting techniques useful in facilitating the planning and cntrl prcess in mdern rganizatins Emphasis n the implementatin and administratin f these techniques, their integratin with management infrmatin systems, and the rganizatinal rle f the crprate accuntant. Text Merchant, Kenneth A. and Wim A. Van der Stede, Management Cntrl Systems: Perfrmance Measurement, Evaluatin and Incentives. 2 nd editin, Prentice-Hall, 2007 Prerequisites Graduate standing ACCTNG 5411 (Cst Systems Analysis) r ACCTNG 3411 (Cst Accunting) LOG OM 5300 Statistical Analysis fr Management Decisins Disability Access Students requiring accmmdatins fr certified disabilities shuld meet with me privately s that we can discuss hw t meet yur needs this semester. Prir t ur meeting be sure yu have registered with the Disability Access Services ffice (144 MSC) Pedaggy Each tpic will be intrduced thrugh readings frm the text, lecture, and in-class discussin. Written analyses f case studies fund in the textbk will be used as a vehicle fr applying the cncepts discussed in class. Cases marked SUBMIT n the syllabus are t be turned in fr grading. Students will submit typed case reprts at the beginning f the class in which the reprts are due. Case reprts will nly be accepted fr grading if they are submitted n time by the persn whse name is n them and that persn is present fr the discussin. Failure t submit case reprts n time will result in zer pints fr that case. I will drp the lwest case scre in calculating final grades. Students are expected t participate in discussin each class. The quality and frequency f the participatin will be evaluated in determining final grades. While disagreements may arise abut cntent f the discussin, students shuld always present their analyses, pinins, insights, and perspectives in a prfessinal manner that shws respect fr ther participants. If yu have learned hw t disagree withut being disagreeable, then yu have discvered the secret f getting alng - whether it be business, family relatins, r life itself. (Bernard Meltzer , radi hst) A midterm exam and a final exam will be given. Students have the chice f submitting a page term paper n a tpic f their chice (pertaining t the general tpic f the curse and subject t instructr apprval) in lieu f taking a final examinatin n the tpics f the curse. Term papers will be due at the time scheduled fr the final examinatin.

2 ACCTNG5412 Fall Grading Case reprts 5 20 pints (maximum) 100 pints Prfessinal integrity (awarded at the end f the semester) 30 pints Class participatin (awarded at the end f the semester) 30 pints Midterm exam 100 pints Term paper r final exam 100 pints Ttal pssible pints 360 pints # f pints earned Grade A B C Less than 261 F Academic Dishnesty Students at the University f Missuri-St. Luis are expected t exhibit the highest standards f academic integrity. An act f academic dishnesty is an ffense against the university. Fr that reasn, university rules prescribe disciplinary cnsequences fr academic dishnesty administered by the Office f Academic Affairs, as well as academic cnsequences assessed by the faculty member. (UMSL Academic Affairs) The reputatin f the prfessinal accuntant is paramunt because f his/her functinal respnsibility t prvide reliable infrmatin abut the rganizatin, his/her respnsibility t fellw members f the prfessin, and the prfessin s scial respnsibility t members f the public. Students wh aspire t be prfessinal accuntants shuld adhere t a level f integrity that is cmmensurate with the ethical standards f the prfessin they wish t enter. In ACCTNG5412, students wh are suspected f academic dishnesty (cheating, plagiarism, r sabtage) will be assigned zer (0) pints fr the wrk submitted (term paper, case reprt, r exam) and will receive zer (0) pints fr prfessinal integrity. Students wh are assigned a zer n a case reprt fr academic dishnesty WILL NOT have that scre drpped in calculating the curse grade; it will cunt as ne f the five case reprt scres making up the ttal fr that part f the curse grade. The matter will als be reprted t the Office f Academic Affairs fr pssible disciplinary measures, which may include suspensin r expulsin frm the university. Withdrawal plicy The last day t drp a curse with n grade assigned is September 20, If yu drp the curse after that date, I will assign the grade f Excused if yu have earned at least 70% f the pssible examinatin and case pints as f the date the drp request is prcessed by the University. If yu drp the curse after September 20, 2010 and yur average n exams and cases as f the fficial drp date is less than 70%, an F will be recrded fr the semester. N withdrawals will be allwed after Nvember 15, 2010.

3 ACCTNG5412 Fall Date Assignment August 23 Intrductin, class plicies READ: Farmer, T., Issues in Cntrllership (Dcuments flder, My Gateway) 30 READ: Chapter 1 Management and Cntrl DISCUSS: Case Private Fitness, Inc. (pp ) READ: Chapter 2 Results Cntrls September 6 LABOR DAY N class 13 SUBMIT: Case Hustn Fearless 76, Inc. (pp ) [See belw fr reprt guidelines] READ: Chapter 3 Actin, Persnnel, and Cultural Cntrls 20 DISCUSS: Case Axen N.V. (pp ) READ: Chapter 4 Cntrl System Tightness LAST DAY TO DROP A CLASS WITHOUT RECEIVING A GRADE FOR THE COURSE (Please nte: If yu remain enrlled in the class after this date and later wish t drp the curse, yu must be passing the curse t have an EXCUSED grade assigned at the end f the semester. Drpping after this date with an average f less than 70% n papers and exams will result in an F fr the semester. 27 SUBMIT: Case Cntrls at the Bellagi Casin Resrt (pp ) READ: Chapter 5: Cntrl System Csts READ: Chapter 6 Designing and Evaluating Management Cntrl Systems Octber 4 DISCUSS: Case Sears Aut Centers (pp ) READ: Chapter 7 Financial Respnsibility Centers 11 SUBMIT: Case Zumwald AG (pp ) Review fr Midterm Exam 18 MIDTERM EXAMINATION 25 READ: Chapter 8 Planning and Budgeting DISCUSS: Citibank Indnesia ( pp ) Nvember 1 SUBMIT: Case Brealis (pp ) READ: Chapter 9 Incentive Cmpensatin Systems 8 DISCUSS: Case Lctite Cmpany de Mexic, SA de CV (pp ) READ: Chapter 10 Financial Perfrmance Measures and Their Effects 15 SUBMIT: Case Berkshire Industries PLC (pp ) READ: Chapter 11 Cmbinatins f Measures and Other Remedies t the Mypia Prblem

4 ACCTNG5412 Fall LAST DAY TO DROP A CLASS (Please nte: The decisin t drp a curse is up t yu. Hwever, drpping the curse at this pint des nt mean that yu avid receiving a grade. If yu are passing the curse, the grade f Excused will be assigned at the end f the semester. If yu have earned less than 70% f the pints t date n papers and exams, an F will be assigned at the end f the semester. 22 THANKSGIVING BREAK N Class 29 DISCUSS: Case Diagnstic Prducts Crpratin (pp ) READ: Chapter 13 Crprate Gvernance and Bards f Directrs December 6 SUBMIT: Case Pacific Sunwear f Califrnia, Inc (pp ) READ: Chapter 14 Cntrllers and Auditrs Review fr Final Exam 13 FINAL EXAMINATION 7:45-9:45 p.m. Term papers due at 7:45 p.m.

5 ACCTNG5412 Fall Guideline fr Case Reprts Case reprts are due at the beginning f the class perid. Only cases submitted in persn will be accepted fr grading; yu must attend and participate in the class discussin f the case t receive credit fr the case reprt. Cases shuld be written in a prfessinal manner befitting a reprt submitted t a client, regulatry agency, r superir. (Apprpriate grammar, spelling, and sentence structure cunt!) Yu will be graded n bth the accuracy and apprpriateness f the cntent f the reprt as well as the quality f the writing and presentatin. Reprts shuld be typed, duble-spaced. Please use the fllwing questins as a guide t preparing yur case reprts. The reprt shuld be prepared in a narrative frm. D nt use a questin and answer frmat fr the reprt. Sectin headings such as Backgrund, Issue, Recmmendatins, and Limitatins are apprpriate and helpful t the reader. What is the issue f the case? Why is it an issue? The issue may relate t the accunting system r it might be related t the rganizatinal r regulatry envirnment within which the accunting system exists. Wh cares abut the issue? (Or, wh shuld care abut the issue?) Is the issue ne that nly the accunting department cares abut r are ther individuals r perating units in the rganizatin affected by the issue? Is it an issue that has wider implicatins n the cmmunity, sciety, the prfessin, the ecnmy, r ther cnstituent grups? Why d they care abut the issue? (Or, why shuld they care?) Put the issue in cntext. Des the issue create prblems fr individual success, rganizatinal success, r is it purely academic? What shuld be dne t reslve the issue? Make a recmmendatin. Yu may need t ffer several alternatives and prvide an argument abut which alternative is best suited t achieve the best utcme. Wh wuld argue against yur recmmendatin? (Why wuld smene argue against yur recmmendatin?) There are almst always at least tw sides t the stry. Put yurself in the psitin f having t defend yur recmmendatin. Imagine wh might argue against it and anticipate the arguments ppnents wuld make. Hw shuld the reslutin r recmmendatin be implemented in light f the freging questins? Cnsider the resurce limitatins facing the rganizatin. These limitatins might be financial, persnnel-related, r structural. Yur recmmendatins might als require preliminary changes in the rganizatin befre the essential elements f yur plan can be put int place.