ACCT 505 DeVry All Week Discussions
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<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>All</strong> <strong>Week</strong> <strong>Discussions</strong><br />
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<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>All</strong> <strong>Week</strong> <strong>Discussions</strong><br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 1 DQ 1<br />
Introduction and Cost Behavior – Discussion<br />
Cost Terms, Classifications, and Behavior (Graded)<br />
Welcome to our <strong>Week</strong> 1 <strong>Discussions</strong>! To get us started, let's consider the following questions.<br />
1) Would a traditional income statement differ depending on whether the business is a service organization,<br />
merchandiser, or manufacturer?<br />
2) Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing<br />
business, or are the topics that we are learning only related to manufacturing?<br />
3) If we could use these concepts in service and/or merchandising businesses, how would we go about doing so? Let's<br />
start with the first question.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 1 DQ 2<br />
Introduction and Cost Behavior - Discussion<br />
Research and Application (Graded)<br />
Go to page 130, Case 3-30, Ethics and the Manager. Let’s discuss the questions, make value-added comments, points,<br />
and share personal experiences of unethical situations.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 DQ 1<br />
Job Order and Process Costing Systems - Discussion<br />
Job Order and Process Costing Systems (Graded)<br />
Welcome to our <strong>Week</strong> 2 <strong>Discussions</strong>! Let's begin by discussing when job order costing systems would be more<br />
appropriate than a process costing system.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 DQ 2<br />
Job Order and Process Costing Systems - Discussion<br />
Research and Application (Graded)<br />
Go to page 166 and read Case 4-19, Ethics and the Manager: Understanding the Impact of Percentage Completion on<br />
Profit. Let’s address the questions, provide reasons for our answers, share relevant personal experiences, and provide<br />
value-added comments, articles, and related websites. Let’s have a lot of interaction.
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 3 DQ 1<br />
Cost-Volume-Profit Analysis and Variable Costing - Discussion<br />
Variable Costing and CVP Concepts (Graded)<br />
Welcome to our <strong>Week</strong> 3 <strong>Discussions</strong>! To get us started, let's discuss how CVP analysis is used in managerial<br />
accounting decision-making.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 3 DQ 2<br />
Cost-Volume-Profit Analysis and Variable Costing - Discussion<br />
Research and Application (Graded)<br />
Below is the link that will take you directly to the 2004 financial statements of the Benetton Group, followed by the<br />
discussion questions.<br />
http://www.benettongroup.com/sites/all/temp/doc/2004_annual_report_en.pdf<br />
Let's answer these questions in the order that they appear.<br />
1. How do the formats of the income statements shown on pages 33 and 50 of Benetton’s annual report differ from<br />
one another (disregard everything beneath the line titled “income from operations”)? Which expenses shown on page<br />
50 appear to have been reclassified as variable selling costs on page 33?<br />
2. Why do you think cost of sales is included in the computation of contribution margin on page 33?<br />
3. Perform two separate computations of Benetton’s break-even point in euros. For the first computation, use data from<br />
2003. For the second computation, use data from 2004. Why do the numbers that you computed differ from one<br />
another?<br />
4. What sales volume would have been necessary in 2004 for Benetton to attain a target income from operations of<br />
€300 million?<br />
5. Compute Benetton’s margin of safety using data from 2003 and 2004. Why do your answers for the two years differ<br />
from one another?<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 4 DQ 1<br />
ABC and Budgeting - Discussion<br />
Budgeting Case Study (Graded)<br />
Let's start the week by reviewing the following case. First, let's discuss how the budgeting process as employed by<br />
Springfield contributes to the failure to achieve the president's sales and profit targets. Click here to view the file<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 4 DQ 2<br />
ABC and Budgeting - Discussion<br />
Exam Review (Graded)<br />
To begin, download the practice Midterm Exam from Doc Sharing to access questions and topics for review. For<br />
multiple-choice questions, please explain why the answer chosen is correct, and why the other choices would not be<br />
correct. Please support your response. Let's begin with the questions on Page 1.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 5 DQ 1
Measuring Performance - Discussion<br />
Standards, Variances, Flexible Budgets (Graded)<br />
To begin, please read Case 10B-5 on page 471, Ethics and the Manager. How were the standard costs developed?<br />
Are the standards set too high or too low? Please elaborate.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 5 DQ 2<br />
Measuring Performance - Discussion<br />
Research and Application (Graded)<br />
Let's look at Case 9-26, Ethics and the Manager, in Chapter 9, page 414, and address and discuss the question there.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 6 DQ 1<br />
Segment Reporting and Relevant Costs for Decisions - Discussion<br />
Segment Reporting and Relevant Costs (Graded)<br />
To begin, please read Case 12-32 on page 576. Which costs are relevant in the decision to shut down the Ashton<br />
facility? Then, let’s answer the questions at the end of the case. Also, value-added comments, points, and experiences<br />
are welcome and encouraged.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 6 DQ 2<br />
Segment Reporting and Relevant Costs for Decisions - Discussion<br />
Research and Application (Graded)<br />
To begin, please read Case 11-22 on page <strong>505</strong> of the e-book and let's discuss the first question! Value-added<br />
comments, points, and experiences are also welcomed and encouraged.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 7 DQ 1<br />
Capital Budgeting - Discussion<br />
Capital Budgeting (Graded)<br />
Welcome to <strong>Week</strong> 7 <strong>Discussions</strong>! Let's begin by discussing the difference between capital budgeting screening<br />
decisions and capital budgeting preference decisions. Then, we will entertain additional questions relating to important<br />
capital budgeting terms, concepts, tools, methods, etc.<br />
Value-added, comments, points, observations, and experiences are welcomed and encouraged.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 7 DQ 2<br />
Capital Budgeting - Discussion<br />
Exam Review (Graded)<br />
To begin, download the Practice Final Exam from Doc Sharing to access questions and topics for review. For multiplechoice<br />
questions, please explain why the answer chosen is correct and why the other choices would not be correct.<br />
Please support your response. Let's begin with the questions on page 1.
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