1. ACCOUNTING & BUSINESS DECISIONS: ACTG 6910 Presented by Charles Kile, Ph.D. Professor of Accounting Middle Tennessee State University 6:00 pm – 8:40 pm BUSINESS AND AEROSPACE BUILDING S308

2. Required Textbook : Accounting for Decision Making & Control by Jerold Zimmerman, 8th edition ISBN: 9780078025747 Copyright year: 2013; Available through the campus bookstore.

3. Optional Reading: “Guests of the Kremlin” By Robert G. Emmens The updated and reprinted Guests of the Kremlin was reprinted in 2007 by Ishi Press with Pictures, Maps and Introductions. Available in Paperback, 342 Pages, ISBN-13: 978-0-923891-81-7, ISBN: 0-923891-81-1

4. Do you ever wonder why there are so many accountants? Do you ever wonder why accounting is so prevalent throughout our society?

5. Let’s “Put the Accountants Out of Business”

6. WHY ARE THERE SO MANY ACCOUNTANTS?

7. WHY ACCOUNTING? Accounting is part of the system that helps determine... Who makes decisions over other people’s money (resources) What those people do with other people’s money (resources) that they manage

8. Two Compelling Questions Because of such limitations in the physical world within which we live, the two most compelling issues at any level in life are probably Who makes decisions over resources? What do those people decide to do with those resources?

9. Organizations Don’t Make Decisions! People within organizations Do Most decisions made by people within the organizations are not what a rational, altruistic, value-maximizing government or organization would make.

10. UNFORTUNATELY, Human psychology does not lend itself to making rational decisions. People making the decisions do not have the incentives to make decisions that maximize the organization’s value.

11. Wendy Askins

12. Jack Whitaker

13. David Lee Edwards What can you do with an extra $27 million?

14. David Lee Edwards You COULD GET REMARRIED!

15. Janite Lee

16. Michael Carroll

18. Billy Bob Harrell, Jr.

19. Callie Rogers

20. William Bud Post

21. Amanda Clayton

22. Evelyn Adams TWO TIME MULTI-MILLION DOLLAR LOTTERY WINNER

23. Barry Shell

24. Jeffrey Dampier

25. Ibi Roncaioli

26. Abraham Shakespeare Writes his own tragedy With a lot of help from This woman 

27. The Oracle of Omaha

28. Fruit of the Loom

29. See’s Candies

32. Dairy Queen

33. American Express

34. $31,000

36. BERKSHIRE HATHAWAY

37. The Coca-Cola Company

38. tte Gillette

39. Warren Buffett

40. Warren Buffet Donates $37 Million to the Bill & Melinda Gates Foundation

41. David Lee Edwards

42. Robert McLean

43. Wendy Askins

44. Warren Buffett

45. Michael Carroll

46. Amanda Clayton

47. Wendy Askins

48. Warren Buffett

49. Who makes the decisions over the resources?

50. + or - ?

52. Accounting