expand our managerial accounting courses beyond manufacturing employee compensation paul h....

Givernment19%

Manufacturing17%

Business Services

13%Trade13%

Education and heatlh Care

10%

Finance and Real Estate

8%

Other20%

Expand Our Managerial Accounting Courses beyond Manufacturing

Employee Compensation

Paul H. RosenthalCalifornia State University, Los Angeles

Contents• Jobs by industry/function• Acct roles and education• Scope of Mgmt Acct Intro course• Advanced topics for course• Advanced courses Mgmt Acct Program

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Managerial, professional and re-lated40%

Service16%

Sales and office23%

Natural re-

sources, construc-tion and mainte-nance10%

Production, transportation, and material moving

12%

Employment of All College Graduates

(ACCT .8%, 1 M)

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Orientation of Initial Business Courses

Technical Orientation*• Financial Accounting • Management Accounting – Manufacturing#

Survey Courses• Economics (Micro & Macro)• Finance (Corporate)• Information Systems (Personal Computing)• Management (Functional & Behavioral)• Marketing

*Rotten Idea (less than 1/3 are Acct Majors) # Rotten Idea (less than 1/5 will work in Mfg.)

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Why the 150 Hour CPA Program?

• Does SOX require Public Accountants to be Business Consultants?

• Does SOX require Management Accountants to be Business Consultants?

[80% of Accountants work in Management Accounting]

• Is the 150 hour program an attempt to continue domination of CMAs by CPAs?

• Can an 120 hour program produce Business Consulting qualified Management Accountants?

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Why the Answers are Important

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The English View of the 150 Hour Program

A Subject Matter View of Business Consulting

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CIMA Performance Pillar(Scope of a Managerial Accounting Course: England View)

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An England Oriented Managerial Accounting Survey Course(Adjusted to an American Managerial Accounting Course)

Strategic Level• Management control systems• Risk and internal control• Review and audit of control systems• Management of financial risk• Risk and control in information systems Management Level• Pricing and product decisions• Cost planning and analysis for competitive advantage• Budgeting and management control• Control and performance measurement of responsibility centers

Operational Level• Cost accounting systems• Forecasting and budgeting techniques• Project appraisal• Dealing with uncertainty in analysis

Num.Of 1½ Hr.

Classes11111

1211

2111

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A Managerial Accounting Survey Course

ACCT 202 Managerial Accounting (3)A survey of management accounting roles and tools in various industries and government. Development and use of operational and strategic aspects of planning, operations, internal control, and performance data.

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Following are some modern tools for inclusion in such a course

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Project Related Breakeven Analysis

0 1 2 3 4 5 6 7 8 9 10 11 12

-120%

-100%

-80%

-60%

-40%

-20%

0%

20%

40%

Investment Life Cycle ROI Analysis

Acct ROI

IRR

Time, years

Re

turn

on

Inv

es

tme

nt

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Evaluating Backup Approaches for a Data Center(Using Satisficing oriented decision theory)

Feasibility Study Interviewing for Requirements

Decision approaches using Non-Optimization Methods

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Following are someAdvanced Management Accounting Courses*

to Replace currentAdvanced Financial Accounting Courses

* From Alverno College, Milwaukee Wis.

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New Enterprise Accounting Issues

In this course, students will use their critical thinking and problem-solving abilities to address accounting and financial management issues for a small business. These include using accounting information for strategic planning, supporting decisions, and performance measurement and understanding the environment in which the company operates.

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Reporting and Management Accounting Issues

As the business grows, the professional accountant takes on an even greater role in decision support and strategic decision-making. In this course students apply their individual and interpersonal skills to deal with more complex issues. They develop and use management accounting information to provide guidance to management on cost management systems, variance analysis, capital budgeting, and performance evaluation of responsibility centers.

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Growth and Expansion Accounting Issues

Students provide the accounting and financial expertise needed to support the implementation of global business decisions. They add unique value to the management team by integrating liberal arts learning and global perspective taking with their accounting knowledge and expand this accounting knowledge to include international accounting standards.

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Going Public Accounting Issues

Students critically examine the accounting, managerial, and social implications of taking a business public. They address complex accounting and reporting issues by integrating their accounting knowledge with their citizenship abilities in an ever widening circle of key stakeholders.

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this presentation will help stimulate the modernization of our management accounting introductory courses and texts beyond manufacturing,

so that they reflect today’s current diverse accounting’s analysis, information processing, and industrial environments.

Hopefully,