Accounting 306-01 Controllership in Organizations: Jeffrey C. Fasoldt, CPA CGMA CMA MBA

Accounting 306-01
Controllership in Organizations
Fall Semester 2021
Monday 5:30 - 8:00 pm
South 340
Jeffrey C. Fasoldt, CPA CGMA CMA MBA

Cell phone 585-615-3028 or Home phone 585-226-3526
E-Mail: [email protected]
Office Hours: Available by appointment
Prerequisites
ACCT 270 and senior status.
Required Materials
There is one required text for this course:
Anthony, Robert N. and Govindarajan, Vijay: Management Control Systems (12th Edition).
McGraw-Hill.
Course Description
This course will examine selected aspects of Controllership not covered in previous courses.
Topics may include: control in organizations; goals, strategies, and information; aspects of
control in decentralized organizations, programming, and long-term planning; budget models;
specialized management control applications including high technology industries, incentive
compensation plans, multinational companies, service and nonprofit organizations.
Experience is the best teacher. To that end this course is based around the analysis of real world
business cases. As a result, the success of this course is dependent on the active participation of
all class members. Everyone is expected to prepare fully for every class. Each session, with
the exception of the first (Nucor) case analysis, will begin with a student analysis of the case
followed by group discussion. My primary role will be to help facilitate discussion and to ensure
that the class achieves an understanding of the case situation.
School of Business Mission

The School of Business is committed to the highest quality in business education within the
context of a strong liberal arts tradition. Students acquire strong quantitative, analytical, and
communication skills while preparing for professional success in today’s complex business
environment. We strive for teaching excellence and recognize that faculty scholarship and
professional activities advance application, pedagogy, and our knowledge of business.
Bachelor of Science Program Learning Goals

Learning Goal 1: Our students will have strong analytical skills
Learning Goal 2: Our students will have strong quantitative skills
Learning Goal 3: Our students will have effective communications skills
Learning Goal 4: Our students will have a thorough understanding of various functional areas
of business
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Course Learning Objectives
To successfully complete this course the students need to demonstrate their ability to:
• Understand business strategy and organizational behavior (LG4)
• Implement effective management control skills and tools (LG4)
• Explain differences between and purposes of the various responsibility centers (LG4)
• Understand uses and application of transfer pricing (LG2 & 4)
• Analyze financial performance reports (LG1 & 2)
• Prepare budgets and compensation plans (LG2 & 4)
• Describe unique control issues within service and multi-national organizations (LG4)
• Analyze various business cases and present findings to class (LG1 & 3)
Grading
Grading for the course will be based on class participation, a formal group case presentation,
quizzes, a midterm and a final exam.
The following grading scheme will be used:
Percentages
Midterm exam………..………….................................................. 25%
Final Exam…………….…………................................................ 25%
Group Case Presentation……...……………………………..…... 25%
Quizzes…………………………………………………………... 15%
Class participation …………………...…………………..……… 10%
TOTAL........................................................................................... 100%
Grading standards are outlined in the undergraduate catalog. Final course grades will be
determined as follows:
100 - 93 A 92 – 90 A-
89 - 88 B+ 87 – 83 B
82 - 80 B- 79 – 78 C+
77 – 73 C 72 – 70 C-
69 – 60 D Below 59 E
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Evaluation of Class Participation
The vast majority of accountants’ interactions with others are verbal. For this reason the
development of oral skills is given a high priority in this course. The classroom should be
considered a laboratory in which you can test your ability to convince your peers of the
correctness of your approach. Some of the characteristics of effective class participation are as
follows:
1. Are the points that are made relevant to the discussion in terms of increasing
everyone’s understanding, or are they merely regurgitation of case or readings facts?
2. Do the comments take into consideration the ideas offered by others earlier in the class,
or are the points isolated and disjointed?
3. Do the comments show evidence of a thorough reading and analysis of the case?
4. Does the participant distinguish among different kinds of data: that is, facts, opinions,
assumptions, and inferences?
5. Is there a willingness to test new ideas or are all comments cautious or "safe"?
6. Is the participant willing to interact with other class members by asking questions or
challenging conclusions?
Given below is a description of how I propose to evaluate your class participation:

 Outstanding Contributor: Contributions in class reflect thorough preparation. Ideas
are usually substantive, provides one or more major insights as well as direction for the
class. Arguments, when offered, are well substantiated and persuasively presented. If
this person were not a member of the class, the quality of the discussions would be
diminished significantly.
 Good Contributor: Contributions in class reflect thorough preparation. Ideas offered
are usually substantive; provide good insights and sometimes direction for the class.
Arguments, when presented, are generally well substantiated and are often persuasive.
If this person were not a member of the class, the quality of the discussion would be
diminished considerably.
 Adequate Contributor: Contributions in class reflect satisfactory preparation. Ideas
offered are sometime substantive, provide generally useful insights, but seldom offer a
major new direction of the discussion. Arguments are sometimes presented, and are
fairly well substantiated and sometime persuasive. If this person were not a member of
the class, the quality of the discussion would be diminished somewhat.
 Non-participant: This person has said little or nothing in this class to date. Hence,
there is not adequate basis for evaluation. If this person were not a member of the
class, the quality of the discussions would not be changed.
 Unsatisfactory Contributor: Contribution in class reflects inadequate preparation.
Ideas offered are seldom substantive; provide few, if any, insights; and never a
constructive direction for the class. Integrative comments and effective arguments are
absent.
Students With Disabilities

Accommodations: SUNY Geneseo will make reasonable accommodations for persons with
documented physical, emotional, or cognitive disabilities. Accommodations will be made for
medical conditions related to pregnancy or parenting. Requests for accommodations including
letters or review of existing accommodations should be directed to Ms. Heather Packer in the
Office of Disability Services in Erwin Hall 22 or [email protected] or 585-245-
5112. Students with letters of accommodations should submit a letter to each faculty member
at the beginning of the semester and discuss specific arrangements. Additional information on
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the Office of Disability Services is available
at www.geneseo.edu/dean_office/disability_services.
Group Case Presentations

Students in small groups of 2 - 3 will be assigned a case to present. This is a formal presentation
and you should dress and conduct yourself in an appropriate manner. The presentation should
be designed to last 30 to 45 minutes and should employ visual aids (i.e. powerpoint slides,
handouts, videos, etc.) and should be designed to encourage class participation. A two page
summary of the case should be provided to the instructor and other class members. There will
be a discussion period following the presentation and all class members are expected to
participate fully. Students will have the option to present their group case virtually.
Quizzes.
There will be no more than 5 “pop” quizzes given during the semester. Each quiz will be
designed to test your knowledge of that week’s assigned case and the current material.
Midterm Examination
The midterm exam will be on October 25th and will cover all topics introduced to that point in
the semester.
Final Examination
The final exam is scheduled for Thursday December 16th from 7 – 9:30 pm. This will be a
comprehensive exam covering all topics introduced after the midterm.
COVID-19 Precautions
It is essential that all students in in-person classes follow some basic processes to help keep
themselves, other students, and our faculty and staff safe. If you are feeling unwell on a day
that class meets in-person, do not attend. Remember that it is better to stay home if you are not
feeling well than to attend class and risk spreading illness to others. Throughout the semester,
please be proactive in communicating about absences and contact the Dean of Students if you
expect to be out for an extended period of time.
Face masks are required in all instructional spaces (including classrooms, lecture halls, and
laboratories) and all common areas of academic buildings. Masks must be worn for the
duration of class. Students who have concerns about wearing a face mask due to a
documented disability need to contact the Office of Accessibility Services
([email protected]) to request reasonable accommodations.
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Accounting 306
Controllership in Organizations
Class Schedule
Fall Semester 2020
Date Topics Case Assignments

August 30 Introduction to Controllership “Controllership: The Other
1 – The Nature of Management Accounting Career” & Case
Control Systems Analysis Methodology handouts
Nucor Corporation (A)
September 6 LABOR DAY HOLIDAY NO CLASS
September 13 2 – Understanding Strategy CISCO Systems (A)
September 20 NO CLASS
September 27 3 – Understanding Behavior in Southwest Airlines
Organizations
October 4 4 – Responsibility Centers: North Country Auto
Revenue & Expense
5 – Profit Centers
October 11 FALL BREAK NO CLASS
October 18 6 – Transfer Pricing Birch Paper Company
October 25 MIDTERM EXAM
November 1 8 – Strategic Planning Allied Office Products
November 8 9 – Budget Preparation New York Times Digital
November 15 10 – Analyzing Financial Galvor Company
Performance Reports
November 22 (Virtual) 11 – Performance Measurement Enager Industries Inc.
November 29 12 – Management Compensation Lincoln Electric (A)
December 6 14 – Service Organizations O’Reilly Associates
December 13 15 – Multinational Organizations Lincoln Electric (B)
December 16 FINAL EXAM

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Accounting 306-01

Jeffrey C. Fasoldt, CPA CGMA CMA MBA

School of Business Mission

Bachelor of Science Program Learning Goals

The following grading scheme will be used:

Given below is a description of how I propose to evaluate your class participation:

Students With Disabilities

Group Case Presentations

Date Topics Case Assignments

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