Accountancy 302Decision Making for Accountancy

Rajib Doogar

Project Discovery Section D

317 DKH, Tu/Th 8:00 - 9:50 a.m.

Office Hours: Tu/Th 10:00-11:00 a.m.

http://www.cba.uiuc.edu/doogar/302

Agenda

• Course introduction

• Syllabus investigation

• Course homepage

• Tuesday’s class

• Background probe

• Pictures & personal data

What affects learning outcomes?

• The knowledge you already have when you get here.

• The amount of productive time you spend on the course.

• Attitude.

• Instructor.

Topics covered:

• Accounting topics– Accounting for product costs– Estimating product costs– Budgeting– Product cost and sales variances– Performance evaluation– Transfer pricing

Decision making and other skills:

• Decision models– Relevant information– Uncertainty

• Expected values

• Decision trees

• Probability revision

• Value of information

Decision making and other skills:

• Oral communication– Class discussion and debate– Formal presentations– Group work

• Written communication– Memos with homework– Written case analyses

Decision making and other skills:

• Self-learning skills

• Tolerance for ambiguity

• Interpersonal skills

Cases

• Real world applications - relevant.

• Classic, well-written cases.

• Difficult to tackle

• Ambiguous

• Incomplete or confusing information

• Vague instructions

Grading:

• Homework (formal decision models, accounting techniques, problem solving in ambiguous situations) 10%

• Exams (formal decision models and accounting techniques) 40%

• Participation (problem solving skills, accounting techniques, communication and interaction skills)20%

Grading

Written analyses (problem solving and verbal skills). 20%

Presentations (formal oral communication skills)10%

Syllabus investigation

• When is your first homework assignment due?

• When is our first case discussion?

• In what two locations can you find guidelines for case preparation?

• When are homework and case analyses due? At the beginning or end of class?

Syllabus investigation

• Which of the following statements are true about case assignments?A. Cases have only one reasonable solution

B. We will never go beyond the bounds of the assignment questions in class

C. You need not work case computations before coming to class

D. You are expected to learn from one another’s work before, during and after class

Written case analyses: True or False?

• Written case analyses must be your own work. The analysis may be conducted in groups, but you must do your own write-up.

• Written case analyses are due on February 18 and April 27.

Syllabus investigation: True or False?

• Probability and statistics (Econ 172 and Econ 173) are not prerequisites for Accy 302.

• Your participation self-evaluations are due on March 4.

• If you must miss class on a day when an assignment is due, you may hand your assignment in the next class period.

Grading participation

What grade will you receive for participation if you show up everyday fully prepared, but never say anything in class?

If you say something in every class, will you receive an A for participation?

What is the difference between A-level and B-level participation?

Grading participation:

Why is participation graded?– To provide an opportunity for you to develop

discussion and debate skills in a medium sized group.

– To provide an incentive for you to thoroughly prepare cases.

– To provide a basis for in-class learning from cases.

– This is a way of grading homework.

Participation

• The “deal.”

• The task force.

• Your promotion potential.

Participation:

If you believe you will have difficulty getting started, please come to my office hours as soon as possible. They are:

Tuesday and Thursday

10:00-11:00 a.m.

225C David Kinley Hall (DKH)

Use of technology

• Homepage– Class announcements– Assignment questions– Syllabus– PowerPoint presentations– Practice problems– Group assignments

• Spreadsheets and statistical packages

Agenda

• Course introduction

• Syllabus investigation

• Course homepage

• Tuesday’s class

• Background probe

• Pictures & personal data

Tuesday

• Group assignments.

• Review product costing: – Vocabulary– Constructing product costs

• Fixed and variable costs.

• Overhead costs.

• Group exercise: download this exercise.

Background Probe:

• Answer all ten questions

• Provide your name: Your responses will help me assemble groups

• You may leave once I have your background probe and name stand.