CPE SESSION 27: SUNDAY, AUGUST 8, 1:00 PM – 4:00 PM
Implementing the IMA's Practice Analysis Findings in the Introductory Management Accounting Course
Description/Objectives:
According to the Institute of Management Accountants' 1999 Practice Analysis, "traditional" management accounting activities are declining, while strategic planning, financial and economic analysis, and process improvement now are considered most critical for company success. The IMA has encouraged "accounting educators to develop changes in the accounting curriculum" to reflect these new work activities that generally are not taught in the accounting curricula. The introductory course traditionally has emphasized cost accounting topics rather than the role that information plays in decision making. Building upon several recent management accounting education frameworks, this session shows participants how to implement an IMA-funded approach to the introductory course: the Business Planning Model (BPM). The BPM reengineers the managerial principles course in four ways: (1) it adopts a broader business perspective that addresses strategy, risk, and process; (2) it de-emphasizes some cost accounting topics that the profession finds less critical today; (3) it delivers and reinforces course content using a semester-long business planning simulation; and (4) it uses basic consumer retail examples that leverage student business experiences. Students and practicing professionals report that the BPM instills in students an appreciation for the value of information, improves certain key business skills, and increases student interest in accounting.
Format/Structure:
| Topic |
Objectives and Content |
I. Introduction to Business Planning Model
(75 Minutes)
|
This session introduces the Business Planning Model and discusses how it addresses many of the recommendations of the Institute of Management Accountants' Practice Analysis. Participants learn how the model incorporates contemporary management accounting practice in the classroom. Participants will be provided with a complementary set of teaching materials and instructor guides that will allow them to implement the model at their institution. This session will conclude with a review of these materials. |
II. Application of BPM to Management Accounting Education Today
(75 Minutes)
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During this session, participants will hear a panel of experienced educators from a variety of institutional settings discuss their experiences in using the Business Planning Model in the classroom. Panelists will specifically address administrative, implementation, and assessment issues associated with the BPM. |
III. Implementing the BPM at Your Institution
(30 minutes)
|
This final interactive session allows participants to ask panelists and presenters questions and solicit advice on adopting the BPM at their institution. |
Intended Audience:
This program will appeal to faculty who teach management accounting at the undergraduate or graduate level. Faculty considering the introduction of an entrepreneurship course into their curriculum also may find the session appropriate. Participants will appreciate the seminar for the insights, guidance, materials, and useful framework that it offers in addressing the IMA’s calls for change in management accounting education today.
Presenters:
Anthony H. Catanach, Jr., Villanova University
Noah P. Barsky, Villanova University
Panelists include: Gary Siegel, DePaul University; Loren Wenzel, Marshall University, and Kate Lancaster, Cal Poly State University-San Luis Obispo
* Denotes special requirements or prerequisite
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