Accounting mathematics on education of economics college Prof. T.Yondon as initiator of Mongolian association of chartered financial analysts along with members of his family independently has believed in his intellectual potential, of his every effort making, & innovation desire, he primarily with his full self- confidence putted first steps of accounting mathematics into curriculums of finance & accounting college, which has opened new wide spaciousness for independent analysts. In order to overcome any troubles on the way of implementing new ideas & to delivering academic understanding of suggested with him accounting innovation to clients in first he preferred to issue methodological materials of training for college students of economics. He has considered traditional textbooks, & other tutor’s methodological materials translated into my native language, engaged in searching of information via internet communication, & made dealing with comparing analysis & matched appropriate abstracts of collected findings. Training plan of subjects on financial management, cost & management accounting, & financial statement analysis based on newly created with him accounting mathematics successfully have passed accreditation monitoring twice, which were demonstrated very evidence of recognizing his researching by governing body. For last lecturing period he aimed at impliment following mesurements: · To organize nonprofit institution’s activity for independent researchers, Mongolian association of chartered financial analysts, · Initiation & implementation of outsourcing in analytical accounting & financial engineering at economics colleges, · To carry out economics college’s lectures basing on self researching works, completed & putted into practice by tutors, · To innovate & develop modern accounting understanding in accordince with globalization & science integration, also deliver lecturing on accounting mathematics & modeling to learners at economics colleges, · To publish & distribute modern textbooks & manuscripts with covered new ideas of accounting innovation. Below have been cited tentative training plan of cost & management accounting subject which had putted into lecturing practice under initiated new idea by Prof. T.Yondon. № | Topics of subjects | Specificity of suggested analyzing methods | 1 | Classification, & isolation of costs | · Application of common equation as of y = a + b · Derivative conversion | 2 | Behavior analysis of costs: Straight linear approach | · Application of common equation as of y = a + b x · Differential function calculus · Analytic geometry method · Linear algebra calculation · Gauss method | 3 | Behavior analysis of costs: Curvilinear approach ( multiple correlation dependence) | · Multiple linear equation in several versions · Gauss method in several versions | 4 | Behavior analysis of costs: Nonlinear approach | · Inverse dependence: Application of parabola · Inverse dependence: Application of experienced curve · Exponential & logarithmic equations · Gauss method | 5 | Cost processing: Statement preparing of manufacturing costs | · Matrices operation | 6 | Planning & controlling of inventory | Calculation of economic order quantity: · Least square method · Combined method | 7 | Direct labor analysis | · Stepwise elimination of each dimension · Differential function calculus | 8 | Variance analysis of manufacturing overhead | · Stepwise elimination of each dimension · Differential function calculus | 9 | Allocation methods of manufacturing overhead | · Weighted average method in several versions · Linear algebra method · Gauss method | 10 | Analysis of goods blend & their output | · Stepwise elimination of each dimension · Algebraic conversion | 11 | Gross income planning & its controlling | · Linear algebra calculation · Matrices operation on planning of direct materials, direct labor & manufacturing overhead · Differential function calculus | 12 | Standard costing & its variance analysis | · Stepwise elimination of each dimension · Differential function calculus · Matrices operation on linear algebra · Comparable direct calculation · Descriptive outlining · Combined method | 13 | Statement preparing of variable & absorption costing net operating income | · Stepwise elimination of each dimension · Logarithmic conversion | 14 | Cost–volume-profit (CVP) analysis, break-even point analysis | · System equation method · Analytic geometry method · Least square method · Linear algebra method | 15 | Capital expenditure | · Logarithm conversion | 16 | Marginal expenses analysis | · Stepwise elimination of each dimension | 17 | Analysis of marketing expenses & efficiency (operation overhead) | · Stepwise elimination of each dimension · Differential function calculus · Derivative of variable dimensions |
However herein haven’t cited new methods created by T.Yondon which involved his other researching field of financial analyzing & accounting modeling.
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2011-10-26 - My personal oppinion