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Peer Review

Managerial Accounting - Chapter 4: Process Costing

by Susan Crosson


Overall Numeric Rating:

4.75 stars
Content Quality: 4.75 stars
Effectiveness: 4.75 stars
Ease of Use: 4.5 stars
Reviewed: Dec 11, 2008 by Business Editorial Board
Overview: These 9 videos were developed to correspond with the 8th edition of the Crosson and Needles Managerial Accounting textbook. The titles and duration of the videos are: 1) Cost Flows (5:25), 2) Work In Process (5:08), 3) Problems and Facts (5:24), 4) P2 FIFO Costing Steps 1 & 2 (5:36), 5) P2 FIFO Cositng Steps 3 & 4 (5:09), 6) P2 FIFO Costing Step 5 & Recap (6:04), 7) P2 Average Costing Steps 1 & 2 (4:20), 8) P2 Average Costing Steps 3 & 4 (4:24) and 9) P2 Average Costing Step 5 & Recap (4:30). These lecture/presentations are available on YouTube and ITunes for podcasting.
Type of Material: Lecture/presentation
Recommended Uses: Online class lecture, supplemental review
Technical Requirements: Mozilla Firefox is the recommended YouTube browser. Video player, or Ipod.
Identify Major Learning Goals: To teach students two methods of process costing (FIFO and weighted average)
Target Student Population: High School, College Lower Division
Prerequisite Knowledge or Skills: Knowledge of basic accounting terms and computer skills

Evaluation and Observation

Content Quality

Rating: 4.75 stars
Strengths: Each video is clear and concise, provides a complete demonstration of the concept, and summarizes the concepts well. The author takes a pragmatic approach, and by using t-accounts shows both the flow of units and dollars of cost. She compares and contrasts the two methods in an easy to understand manner. She excellently explains the three costs to be used (direct material, direct labor, and factory overhead applied. The discussion of the two methods for applying factory overhead (a single applied cost or activity based costing) is nicely done. Relating the concepts to a company manufacturing 16 oz. bottles of drinking water is an example to which all learners can relate.
Concerns: Considering the number and length of the videos, information overload may be a concern for the typical student studying managerial accounting. A few of the videos are based on a problem and the narrative for it is not available unless indivuals are using the same textbook. As a result the module is not entirely self-contained.

Potential Effectiveness as a Teaching Tool

Rating: 4.75 stars
Strengths: The videos provide an effective supplemental teaching tool to help students understand content covered in the principles of managerial accounting course. The videos would also be an excellent addition to an online course. Concepts are reinforced progressively building on prior concepts and demonstrating the relationship between them. They can be viewed repeatedly until learners feel they have mastered concepts.
Concerns: Instructors probably should inform students to be prepared to watch the videos more than once in order to grasp concepts. The latter videos are less effective for instructors and students who have not adopted the Crosson and Needles book. The text of the problem covered in the last several videos is not available without the book.

Ease of Use for Both Students and Faculty

Rating: 4.5 stars
Strengths: The videos are easy to use. They can be paused and rewound to any point for repeat viewing. The author is a captivating lecturer. The length of each video has been intentionally kept short to keep the user interested. The videos are an excellent ftool or students who learn best by using auditory and visual senses.
Concerns: Sometimes the audio quality is poor and lighting a bit dark. After viewing several videos, the presenter/flip chart format becomes less entertaining from a design standpoint. A bit of variety would be a nice enhancement.

Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States