UIUC Fall 2001 Accy403 (MSA) Overview Purpose & learning objectives Format Workload, class preparation and grades Communication Next class

Purpose & learning objectives Use of accounting for managerial planning and control decisions Understanding cost behavior Making decisions based on accounting numbers Designing the accounting system Using the accounting system to control decentralized or delegated decision making behavior.

Format Discovery learning Read before class (chapter or part of chapter) Work problems Bring solutions to class Discuss solutions in class Work on a new problem in class (in groups).

Workload, class preparation and grades Homework: 12 of 15 assignments 120 Class participation 50 2 Midterm Exams (125 each) 250 Final Project 80 Total 500 No late assignment, no makeup exam. Always bring 2 copies of homework to class. Final grades are assigned based on class rank.

Communication Office: 225 E, David Kinley Hall E-mail: doogar@uiuc.edu Phone: 244-8083 Office hours: 1:00 – 2:30 Tu, Th or call me. TAs: Jessica Lambe and Carrie Roesner TA Office hours: TBA

Next class Read Zimm Ch 2 parts A & B. know the difference between opportunity cost and sunk cost understand different types of opportunity costs understand fixed, variable and mixed costs understand marginal vs. average costs Do homeworks: P2-1, 2-3, 2-32; bring 2 copies to class. Read, understand and think about P2-9, 2-10 for class.