| The typical managerial accounting text can be overwhelming with its multitude of rules, formulas, techniques, ratios, and formats. Is it possible to reduce this load by equipping students with a well-stocked tool kit, helping them to critically employ those tools, and teaching them to creatively substitute one tool for another? In preparing students for a world where managers are not always be able to secure the amount and type of information they desire, can we help students become better able to use available data in unique ways to optimize decision-making instead of relying on memorized sets of rules and formulas? The tendency has been to present such a plethora of rules that, leaving the classroom, students often feel weighed down. Focusing on process costing, both weighted average and FIFO, this presentation looks at how to slim down that weight by helping students critically and creatively make better decisions with fewer, but more adaptive, tools in their tool kits. |
Updated 02/23/2014