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Instructional Case: A Manufacturing Project, David Satava
Instructional Case: A Manufacturing Project, David Satava
Mountain Plains Journal of Business and Technology
Colleges and universities frequently require business majors to take managerial accounting. Since many non-accounting majors find accounting boring this may be one of the reasons why they may have a difficult time learning the fundamental concepts of the course. This paper describes a project I employ when teaching managerial accounting to make cost accounting interesting and relevant. One of the reasons students may have a difficult time learning managerial accounting is that traditional accounting assignments generally provide students with all of the numbers. Thus, there is very little involvement or attachment to the numbers. This project was designed to get …
Why Pecking Order Theory Should Be Included In Introductory Finance Courses, Thomas J. Liesz
Why Pecking Order Theory Should Be Included In Introductory Finance Courses, Thomas J. Liesz
Mountain Plains Journal of Business and Technology
The majority of students majoring in various business administration emphases take only one finance course (Introductory Financial Management) while completing the requirements of their degrees. A primary topic commonly covered in most introductory finance courses is capital structure, with a discussion that often culminates with a discussion of optimal capital structure. Invariably the leading textbooks present optimal capital structure within the framework of the agency cost/tax shield trade-off model that evolved from Modigliani and Miller’s capital structure irrelevance hypothesis. While this approach has solid grounding in value maximization arguments and capital market equilibrium theory, it nonetheless fails to explain several …