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Accountancy 302 Decision 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.