Develop skill in applying management accounting techniques in ambiguous situations and with incomplete information. All other course materials will be distributed in class. We have been invited to visit the Allied Signal Fibers Division Plant, to observe their production process and talk with their VP of Finance about some innovative cost management techniques in use at the plant. We will schedule outside of class time, at a mutually convenient time.
Participation is required.
As opportunities arise, I will bring in people from industry to discuss strategic cost management issues in their firms. These will be during our normal class time. The first guest is Ron Allen, recently retired CEO, President, and Chairman of the Board of Delta Airlines. He will visit the class on Thursday, January 22. The second guest will be John Derovec, who has been responsible for implementing some Theory of Constraints methods at Reynolds Metals.