Managerial Outline

8/13/2019 Managerial Outline

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MANAGERIAL ACCOUNTING COURSE OUTLINE

Title Managerial Accounting

Methodology Lecture, group discussion, case studies and group presentations

Duration 9 hours over 1 days

Objectives This is an introductory course to Financial Planning & Control (FP&C). The

main objective is to develop an understanding of how financial and non-financial

information can be used for decisionmaking and performance improvement. The

perspective is to learn the application of academic theory to best practices in

the real business world:

Strategic planning, budgeting and forecasting process

Market assumptions, organic growth and strategic alliances FP&C parameters (SBU, product, geographic and legal/tax) Variance analysis (volume, price, mix and manufacturing) Key Performance Indicators (KPIs) Benchmarking

Topics 1) Introduction2) Basics of Product Costing

3) ActivityBased Costing / ABC

4) Variance Analysis5) Decision Making and Relevant Information6) Transfer Pricing7) Performance Measurement


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8) Strategy & Balanced Scorecard

MANAGERIAL ACCOUNTING COURSE SYLLABUS

LECTURER

Geoffrey Warner CPA (New York State), a seasoned Performance Improvement & Finance

Professional with over 30 years international consulting and industry experience, teaches at the

Academy of Finance in Vietnam. A broad-based executive, he possesses strong strategic,

operational and financial management skills gleaned from senior positions held at several world-

class organizations. His professional background includes work experience with energy,

healthcare, manufacturing & services along with commerce, logistics and technology related

businesses. He has held functional positions as executive vice president & chief financial officer

and managed numerous large-scale Strategy & Operations projects. He has also taught at

prestigious business schools & companies and holds a Columbia MBA in Finance and advanced

professional certificates from NYU in Taxation & INSEAD in Marketing Strategies.

COURSE DESCRIPTION

This is an introductory course to Financial Planning & Control. The main objective is to

develop an understanding of how financial and non-financial information can be used for

decisionmaking and performance improvement. The following topics will be covered:

Product/(Service) costing Activity-based costing (ABC) and profitability analysis Budgeting and variance analysis Decentralization: profit/(cost) centers and transfer pricing Performance evaluation: EVA, Balanced Scorecard, etc.

TARGET AUDIENCE

Participants are future general managers and accounting/finance professionals. No prior

knowledge of this topic is required.


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COURSE PERSPECTIVE

The perspective is the application of academic theory to best practices in the real business

world developed by a seasoned professional with strong academic experience.

COURSE ORGANIZATION

Assigned Lecture Notes and Industry Specific Articles are to be read before class. Class time will

consist of lectures and homework assignment discussions.

HOMEWORK ASSIGNMENTS

All assignments are group (4 to 5 members with preferably at least one future accounting/finance

professional member). Assignments will consist of applying theory to best practices. Each group

will make one short presentation to the class arguing change management (15 minute

maximum including questions from the class).

SESSIONS OUTLINE

1) Introduction

The Accountants Role in the Organization 11ch01 (Horngren 11th

Edition Chapter 1)

Lecture Notes: www.csus.edu/indiv/m/mackeyjt/accy121/powerpoint/11ch01.ppt

An Introduction to Cost Terms and Purposes 11ch02


Industry Specific: Airline Industry Cost Structure

Application of portfolio theory to labor contract valuation: the case of the airline industry

Chapter 5: The Case of the US Airline Industry (pages 91-150) by Alex Yen Hung Lee

http://dspace.mit.edu/bitstream/handle/1721.1/32465/61763085.pdf?sequence...

2) Basics of Product Costing

Job Order Costing 11ch04


Industry Specific: Airline Industry Cost Drivers

An Empirical Study of Cost Drivers in the Airlines Industry

By Banker, R.D. and H.H. Johnston

http://astro.temple.edu/~banker/Accounting/17%20An%20Empirical%20Study%20of%20Cost%

20Drivers.pdf


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Management Control Systems, Transfer Pricing, and Multinational Considerations 11ch22


Industry Specific: Capturing Airline Company Costs via Global ERP Platform

Korean Air

Oracle Customer Case Study

http://www.oracle.com/customers/snapshots/korean-air-ebs-case-study.pdf

7) Performance Measurement

Performance Measurement, Compensation, and Multinational Considerations 11ch23


Industry Specific: Benchmarking in Airlines Industry

Airline Data and Analysis

By AirlineFinancials.comhttp://www.airlinefinancials.com/Airline_Data_Analysis_.php

8) Strategy & Balanced Scorecard

Strategy, Balanced Scorecard, and Strategic Profitability Analysis 11ch13


Industry Specific: KPIs

Airline Industry Key Success Factors

By Richard M. McCabe, PhD

http://gbr.pepperdine.edu/064/airlines.html

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Managerial Outline