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Summer 2013

MAQ Summer 2013 Cover

Articles

By Ken Milani, Ph.D., and Aaron Perri
Working from firsthand experience, the authors offer an integrated cost control analysis of meal costs in the volatile restaurant industry. They begin with a traditional cost variance framework and then apply it to two restaurant operation costs—labor and food costs. Using five supporting examples, they examine what goes into setting cost variances and suggest how to illustrate the calculations and arrive at possible interpretations.
By Manjunath H.S Rao, Ph.D., and Andrew S. Bargerstock, Ph.D.
Because lean enterprises tend to disregard or even discard traditional costing practices, the authors decided to study the current state of lean manufacturing enterprises in the United States to determine whether the accounting support was sufficient. With no prior empirical studies for guidance, they adopted theoretical frameworks from sociology, specifically the principle of the duality of strategic choice vs. environmental determinism.
By Robert A. Singer, Ph.D., CPA, and Traci Wiesner
A major overhaul of the accounting educational system is necessary because the typical current program is built on an outmoded lecture model that demands memorization of rules and textbook exercises that are removed from real-world settings. Following the recommendation of the 2012 Pathways Commission, the authors create an outline for an undergraduate program that has an interactive, student-centered approach supported by an underlying, unifying theme linking the wide variety of accounting courses.

By Melanie O. Anderson

After establishing the need for strong communication skills, the author describes a semester-long writing project she developed that follows the Scofield-Combes model. A series of writing assignments designed to reinforce accounting concepts covered in class lead to a final two-page, single-spaced company profile. The final report has four sections that include a company overview, a data table and Excel charts, an analysis of five company ratios, and a section on the company stock. This final report is made up of the revised and summarized initial assignments.