1 / 19

Karen Grossman Tabak

Karen Grossman Tabak. ABAC 2210 phone 529-9678 Office Hours Tuesday & Thursday 8:15-9:15 & 12:15-2:15 (but PLEASE schedule an appointment if you can 529-9418) t abak@maryville.edu c paecon@aol.com accweb.itr.maryville.edu/tabak. We will be using a seating chart

koren
Download Presentation

Karen Grossman Tabak

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Karen Grossman Tabak • ABAC 2210 phone 529-9678 • Office Hours Tuesday & Thursday 8:15-9:15 & 12:15-2:15 (but PLEASE schedule an appointment if you can 529-9418) • tabak@maryville.edu • cpaecon@aol.com • accweb.itr.maryville.edu/tabak

  2. We will be using a seating chart • Please decide where you want to sit & sit there next class • There are advantages & disadvantages to the seats.

  3. Rules of the Room • Respect Equipment • Respect each other • Remember you are here to learn • Don’t rely on equipment • Backup! Backup! And Backup again!

  4. Rules for this Class • Come to class (preferably, on time!!!) • Do your homework - before class! • ALWAYS CHECK THE FRONT TABLE FOR HANDOUTS!!!! • Act like you are here to learn. (EVEN ON DAYS YOU ARE NOT IN THE MOOD - PRETEND IF YOU MUST.) • Relax about exams • Don’t make fun of my inability to spell. • Don’t make fun of my inability to add without a calculator. • Do not play games nor search the internet during class

  5. RULES ON HOMEWORK • Do the HOMEWORK • DO NOT PLAGIARIZE MY WORK • I WILL COLLECT HOMEWORK OCCASIONALLY • SAVE! SAVE! SAVE! • AND THEN SAVE AGAIN • DO NOT PLAGIARIZE MY WORK • SUCCESS IN THIS CLASS IS LIKE BAKING A CAKE – IF YOU FOLLOW THE RECIPE, IT WILL COME OUT OK!

  6. Supplies • Need the right ingredients • Disks – bring one to class (name) • Notebook to keep your homework in • Backup! Backup! And Backup again! • Will need a nice notebook for portfolio

  7. Syllabus • One test is dropped • Participation and attendance are critical. • Help is available in the Academic Learning Center. Use it! • LET’S LOOK AT THE ASSIGNMENTS SHEET • LET’S SIGN THE ACKNOWLEDGEMENT FORM

  8. Computer Requirements • You must know how to use excel • Let’s try to do a few things: • Let’s build a worksheet

  9. Learn the Lingo • Chapter 1 & 2 are primarily terminology • We will come back to Chapter 1 • We will have fun in this class • You do not need to memorize anything

  10. The role of Managers • DECISION MAKING • PLANNING • DIRECTING OPERATIONS • CONTROLLING ALL WITHIN A PRINCIPAL AGENT MODEL

  11. Managerial Accounting • Enhances Decision Making • Guides Strategy and Development • Evaluates existing Strategies • Focuses efforts related to • improving organizational performance • evaluating the contributions of organizational units & members

  12. Cost Object The thing we want to know the cost of. Can be a product LIKE CHOCOLATE, a service, a department, even this class.

  13. Cost object can be many things • Could be this course - this session • Could be this course - Managerial Accounting • Could be the accounting classes in general • Could be the business school as a whole

  14. You must know what the cost object is!!!! Changing the cost object changes the nature of the cost analysis!

  15. Nature of Cost • Fixed Cost • Variable Cost • Direct Cost • Indirect Cost/COMMON COSTS • NON-VALUE ADDED COSTS • Controllable cost • Uncontrollable Cost

  16. Manufacturing Cost Classifications • Direct Materials • Direct Labor • Manufacturing Overhead • indirect materials • indirect labor • other manufacturing cost

  17. Economic Characteristics of Cost • Opportunity cost • sunk cost • incremental cost • average cost • marginal cost

  18. Video • This company makes a mazak • Use a lot of terms • WIP • CAD • AGV • Count the Direct Labor Folks • Speak with a British Accent

  19. Thought for the Day There is no comparison between that which is lost by not trying, and that which is lost by not succeeding. Sir Francis Bacon

More Related